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Doing an extension - new valuation of house is very low causing problems with LTV
Hi Guys Maybe the mortgage brokers can help with this. My wife and I have had plans passed for an extension to our existing house (3 bed semi) which will turn it into a 4 bedroom with 3 receptions, new garden garage, patio etc. We have agreed with a contractor a price (85k) to do the extension. We currently have a mortgage…
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Change of Parties....hit a brick wall!
I hope someone can point me in the right direction with this one. A year ago I initiated a change of parties on my mortgage to remove my ex girlfriend and add my mother as she was putting up the money to buy her out. It's taken a year to complete as I'm with Northern Rock, and they were dragging their heels. However just…
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NR rates lower than their SVR
Hi, My fixed rate ends on 1st March, and I have received a letter stating that I will be put on a rate lower than their SVR. Any idea's how much lower it is likely to be? Also, does anyone have a clue as to if and when NR are likely to start offering Fixed rates to existing customers? Or indeed if they are likely to be…
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House Price
Hi I have seen a property that I like & it's a reposession. It's up for £132, 000. Do anyone have any adice as to waht sort of price I could get it for at the moment in the current state of the market. It needs alittle bit of work inside, but only a small amount of work. Thanks for anyone's help
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Repay or not to repay that is the question
I'm sorry if this is in the wrong place. I need somone elses viewpoint on this. I have a 5yr fixed rate mortgage which end in 2011 the rate is 4.88 and there is 28k balance and approx £1800 penalty to end early. I have a cash ISA with £23k paying 3.01% at the moment, and a savings account with £12k paying 3.38%AER, Now im…
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Stuck in a fixed rate!
I have 5 years left on my Northern Rock fixed rate @5.29%. ( Originally 7 year term) Obviously with the drop in interest rate Im left feeling that im paying far too much monthly and want to know if there is anything i can do?
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FP Endowment
we have a FP endowment since '89 although it will not be used for repayment of any mortgage Paying £34.42/month declared Bonuses £3,877.02 Min Guaranteed inc bonuses £12,032.02 4% £12,900 5.5% £13,900 8% £15,900 Just confirmed that making it paid up will ensure £9,604 plus whatever bonuses it gains till maturity in 2014.…
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Libor Rate
Hi.......I have a question about the LIBOR rate if anyone can help please....My variable mortgage rate is linked to the LIBOR rate and can never be more than 2% above it. At the time of writing the LIBOR rate is set 2.21% but my mortgage company tell me that their LIBOR rate is 3.99%. My question is can they set a…
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FP Endowment
we have a FP endowment since 89 although it will not be used for repayment of any mortgage Paying £34.42/month declared Bonuses £3,877.02 Min Guaranteed inc bonuses £12,032.02 4% Just confirmed that making it paid up will ensure £9,604 plus whatever bonuses it gains till maturity in 2014. The terminal bonus this time…
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The One Account - does RBS nationalisation= us losing our savings??
Hi guys I've trawled around but just can't seem to find the answer, and am loathe to call them as I'm not sure I'll believe what they say - such is life at the moment! :eek: So, we currently have approx 10k of savings in our RBS-owned One Account, off-setting the mortgage, and I'm concerenced that if the bank goes t*ts up,…
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Endowment query
Since 1987 I have been paying £66.76 per month for a Low Cost Endowment Plan with Scottish Widows which was set up to repay a target amount of £46500 in 08/2012. There is a guaranteed cash benefit of £15671 and an existing bonus of £10045. Total benefit in 2008 was shown as £26253 and sum payable on death will be not less…
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please explain Barclays/Woolwich tracker
Hi We have a Woolwich tracker mortagage, which I understood would track above base rate. However, our repayments did not change to reflect reduction in interest rates late last year and we only got a statement at the end of the year, saying our future payments would be adjusted to reflect the change. Effectively they will…
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A Pointer in the right direction please?
Hello, I am looking for some help from you guys if possible please. My partner purchased a BTL investment that didn’t work out and for the last year we have been living in the property on a BTL mortgage. It is currently mortgaged in her name only. Now we could do with remortgaging the property as the fixed deal runs out in…
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nationwide tracker mistake
I got a nice suprise this morning, a letter from Nationwide saying thet were passing on the 0.5% rate cut from this month. Iam on a liftime +.44% tracker with a 2.75% collar. Is this a mistake or as anybody else had 1 ? No metion of the collar in the letter either.
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Alliance & Leicester Plus Mortgage Letting of Property
Hi, Just a quick query regarding my Alliance and Leicester Plus Mortgage, i needing to rent out the my property due to job relocation, how ever i don't think that A&L allow this and i cannot transfer the mortgage as i'm still within the fixed period. Is there anyway around this problem, as i really don't want to leave the…
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Have I done the right thing??
Ok Im pretty clueless with the whole mortgage thing so please bare with me. Just had a call from our mortgage provider (First Trust Bank) who have advised that our fixed rate low start mortgage deal ends at the end of the month. Now whilst in the back of my mind I new this was going to happen I wasnt really sure when. Guy…
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FD and credit rating
I have had a new scenario open up to me. Basically my father is looking for a 7% return on investment, he knows me and my fiance are looking at moving in together with a view to saving up for a house in 2/3 years. He has proposed that he use his capital investment essentially as a deposit (he was looking for buying…
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Over payments on Northern rock mortgage
Hi I would like to know, If I make £500 per month over payments on my mortgage will my monthly payments go down or will they stay the same? Thanks in advance jay
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barclays
hi everyone i have posted this thread elsewhere as well i have an offset with baclays ..............this is could be a disaster because i have all my savings offset against my mortgage any opinions ? http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5563223.ece
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endowment forecasts
Is it about time the growth rates of 4, 5 & 6 % used to inform you if your endowment will pay your mortgage off are changed? E.g. My Norwich Union policy target amount £25000 had the Projected amounts 4% £24700 5% £25000 6% £25300 in Feb 2008 and is about to pay approx. £23500 Leaving me with a shortfall of £1500 instead…
