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Repossession: Halifax now becomes Lloydstsb. Is it time to worry.
I had a property repossed by Halifax approx 8 years ago. I am also a current account holder with Lloydstsb. Now that they have merged are they more likely to try and track me down and come after the debtt. Many thanks for any info.
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PEP, changed to ISA to pay of a mortgage
Dear all in 1996 I took out a PEP with Halifax, to pay off £14000 from my mortgage in 2021. When PEP's were stopped Halifax switched it to an ISA. I have been paying in £39.84 each month since and expected I should now be in profit. Imagine my horror when I contacted them this week to find that my in excess of £6k…
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Buy To Let and fixed rate advice please!
I moved in with my girlfriend about a year ago and re-mortgaged my flat to raise some much needed funds, I went on a buy-to-let mortgage, at 5.9% I thought was a fairly good deal (at the time). With the drop in House prices, my BTL is around the 100% mark. Now, in 3 years time, when my fixed term runs out, will I be able…
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A&L - When will they lower there standard variable rate?
Hi all This is my first post so im hoping im doing this the right way. PLEASE HELP. Im coming to the end of a fixed rate mortgage with a and L. Due to the decrese in house prices I will need 95% loan if i remortgage. So I dont have many good options open to me. I can stay with a & l on their standard variable rate, which i…
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Mortgage & Buy to Let Advice Please
Good day all we have a small 2-bed house in a university town in cornwall (with 60k remaining on a fixed rate mortgage. worth around 150k), a four bedroom student house in the same town (on a five yr fix with student tenants) and are expecting our second baby in a space of sixteen months. It's all go! We are considering…
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sukilover
I just recently found that a debt collection comany that should have been taking a D/D for a debt, had stopped trading back in Feb 07 without informing me of this situation and this D/D was stopped at that time. Needless to say another debt collection has brought this debt and the figure is twice as much as the outstanding…
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100% Mortgage worries !
Hi, I'm new (ish) In May 06 I took a 100% mortgage from NR. The house I bought was worth £150k (new build). The mortgage is made up of £143k interest only @ 6.19% and £7k reypayment again at 6.19%. In July 07 we decided to borrow another £17k from NR to pay off debts etc. This again is interest only but at 7.59%. Without…
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nationwide, remortgage and secured loan query
My fixed rate with Nationwide is due to finish in September this year and taking into account just the mortgage I have approx 80% equity (taking a low valuation on house, i.e. what I paid for it 3.5 years ago!) I am thinking that with this state of affairs I would have no problem getting another deal with Nationwide.…
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Any mortgages out there with 5% deposit?
Hi all, The OH and me want to move this year, early part if possible. We're now putting the apartment we are in on the market and are looking to upgrade to a house. We're looking to be in the new place for a good few years - we don't view property as an investment, we just want a home. I've got 103,000 left on the mortgage…
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Getting out of a joint mortgage because of an affair and stress?
Hi, I'm experiencing difficulties in which my fiance is having an affair and told me she wants to sell our house and seperate. Because of the situation I am off work with stress, she isn't helping me at all and left me in the position that I do not want to be part of the house anymore and want to escape it now. I…
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Fixed rate disaster
Hi everyone, First time post so be gentle with me!!!! Our mortgage with the Nationwide was up for renewal around May last year and we were offered a fixed rate mortgage at 6.43%. Due to the problems with various banks at that time, Northern Rock etc, several people said it was a good deal. Having signed up we have sat and…
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Should I pay off my martgage
I have £8000 left to pay off on my mortgage It costs me £220 amonth, my savings are now only earning £45 a month against £80 this time last year. Would it be more economical to now pay off my mortgage, a £50 deeds depatch fee would be charged.
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BTL Mortgage advice please?
Hi, Myself and my OH own a property that is due to be rented out as soon as we set up our buy to let mortgage. We own 10% of the property which we paid £160,000 for the lowest interest for BTL we can find online is around 7%. Can anyone guide me int he right direction or offer any solutions to find something a lot cheaper?…
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Fixed mortgage coming to end, what to do?
Hi I took a 100% mortgage back in June 2006 and fixed it for 3 years. Had a call from my lender, Co-operative Bank this week to say it was due to finish in March! They say the 3 years doesn't start from when you actually bought the house, from when the offer was made to you! Does this sound right as I wasn't expecting…
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Just A Couple Of Questions
HI JUST GOT A COUPLE OF QUESTIONS FOR ANYONE IN THE KNOW. FIRSTLY I HAVE A 1/2& 1/2 MORTGAGE WITH £10,000 ENDOWMENT & ABOUT £5,000 LEFT ON A REPAYMENT WHICH IS ALL ON A +1/2% TRACKER. THIS HAS ABOUT 2 1/2 YEARS LEFT TO RUN I'VE ABOUT £6,000 IN AN ISA & £1,000 IN SAVINGS & HAVE JUST BEEN LEFT £8,000 IN MY DADS WILL. SO I…
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Morgage Advice Urgently Needed
Really hoping someone here can give us some advice. Just alittle bit of background infomation. We are both currently semi first time buyers looking to buy our first house. We have managed to get £30,000 as a deposit and after looking at houses have found a house we love for £130,000. We have approached the Nationwide for a…
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Shared Equity and Mortgages
Hi All, I was just wondering if anyone has any experience with the above I am currently at my wits end with the whole process. I am trying to purchase a LIFT prooperty (previously called Homestake) of which the social land lord wants to keep a 20% Golden Share. I have been trying to get a mortgage with the ABBEY until my…
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offset mortgages
my hubby and I are thinking about moving our mortgage to an offset mortgage. at present we owe £26, 500 on our mortgage, but plan to borrow and extra £5,500 on it for home improvements. Does anyone have an offset mortgage, anyone any experiences of one (good or bad), are they too good to be true, and would anyone recommend…
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Pay the mortgage or loan?
Has anyone else found themselves in this situation? I have a mortgage of £30,000 and a loan of £8000. I have 3 endowment policies to pay my mortgage which mature this year and my mortgage ends this year but will have a shortfall of about £1000. The first has just paid out £22,000 and as my mortgage interest rate is so low…
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Overall cost for comparison
I don't quite understand what the 'overall cost for comparison' is. I found this: This is a figure which all lenders must quote when referring to mortgages. It is designed to show the total yearly cost of a mortgage stated as a percentage of the loan. It includes items such as the interest rate paid at the start of the…
