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some general help please
My outstanding mortgage is approx £92,000 and i want to have it repaid by sept 2015. My fixed rate mortgage is coming to an end next monoth... whats the best course of action i should take thanks alot
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My Mortgage company dosen't want me any more!
My mortgage comany has changed hands a few times in the last few months, they wrote to me at the weekend saying they wouldn't be renewing any business and sugested I looked now to move my mortgage, they have also said they will wave any early exit redemption charges, (that's jolly decent I thought) I'm about 18months in,…
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Re-mortgage - End of Fix - What should I do!?
Hi everyone, I took a mortgage out 2 yrs ago and the 2 yr fix ends end of March 08. I had an interest only mortgage which I now need to switch to a repayment as obv the value of my flat has probably gone down since I bought it. Having visited my mortgage adviser this weekend I was shocked to find Abbey would not offer me…
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Pay off mortgage or not?
Thought I'd try here also for a view on what to do.... Current situation is: Got 52k sitting in an A&L cash ISA paying 2.55% currently. Have an A&L esaver2 account paying 3.14% net Have a 50k mortgage with A&L (Part n part 40k interest only) - currently at SVR-1.8% = 3.54% (3.5 years to run on discount) Now at the moment…
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Vendor Paid Deposit??
Ive recently had an offer acceted on a house where the vendor pays 5% deposit. The house was on for 150,000. I have 10% deposit, but after talking to my mortgage adviser i found that mortgage rates were a lot better if i took the vendors 5% to make a 15% deposit. Basically ive agreed on £145,00 with 5% (works out about…
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Endowments - any ideas what to do?
Hi, I'm new to this board and have been following recent postings. Can anyone give me some thoughts on what to do with the following 4 policies? Is it worth keeping them to maturity and convering the shortfall to a repayment mortgage, or cash them in now? Hope I've given enough information. Standard Life Start Date: 7.3.96…
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is this a good mortgage offer
I have been looking for a fixed repayment mortgage and abby have offered me 5.09% over 5 years with 299 set up now with this I have worked out I can reduce my mortgage from 25 years to 20 for 997 a month is that the best deal out there and is now the best time to fix!! Any advice would be much appreciated
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Fix now or wait?
Hi, im brand new on here. I currently have a fixed rate mortgage, that is in year five of a seven year fix. Im happy with my current rate. Today I notice that my lender is offering a new 10 year deal at slightly less than I currently pay. The downside is that there will be a £3k penalty for leaving my current deal early…
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HSBC Life Endowment - cash in or stick?
We've just received a 'Red Alert' letter from HSBC Life re our joint endowment policy, and we have also (perchance) just paid off a big chunk of our I/O mortgage capital with a different policy that matured. I now can't decide whether to cash in the HSBC Life endowment and just pay off another chunk of the mortgage or not.…
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Should i put my natwest remortgage on hold?
Hi we got ourselves a new mortgage on friday with natwest at 4.94% and iam just waiting for the paperwork to come through the post to finalise, but i have just seen the news about another government bailout and rbs shares dropping like a stone. As you can imagine i now have a few questons, so here goes. 1) Should i…
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Accord SVR Rate cuts
Hi I was wondering if anyone else had a mortgage with accord which is on svr ny fixed rate of 4.89 expired in oct and my account reverted to there SVR which was 7% , they are now advertising there SVR as 5.34 on the website but i have seen no reduction in my dd or had a letter to tell me my payments will be going down it…
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Mortgage Arrears
I was hoping someone could give a bit of advice please. I have mortgage arrears and was thinking of asking if these could be added to the capital sum. But im not sure what benefits this would give me. I now have this option as I have been up to date with my last 6 payments and have been paying off the arrears at £40 per…
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Does anyone know what the Halifax Consent to Lease mortgage rates are at the moment?
Hello Everyone and Happy New Year! Does anyone know what kind of rates to expect for a Consent to Lease Mortgage with Halifax? Is it much higher than their Tracker mortgages and their Standard Variable Rate? Also i heard there used to be a 499 Pound fee to go on their Consent to Lease Mortgage, is that still the case?…
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Mortgage options - Advice needed
Hi guys+gals Like many others I stand to loose my job soon. My options are fast running out. Last year I worked SO hard to get on the propertey ladder with success, but now unless I find a way to juggle my careerr and my mortgage I might loose the lot. I currently earn £31k per year and my mortgage deal runs out in…
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Over pay or save
Last month I paided off half of my Morg, only got £6600 to go, (whippee) but the term left is 3 years and 4 month's, the repayments have gone down by £173 amonth, my question is, would I be better to overpay my Morg monthly or to find a good saving's account for the £173 per month and then pay off a lump sum off the Morg…
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Redeem or stick?
Hi All Any advice on this one? Currently on a fix of 5.63% until March 2011. Early redemption will cost me £7.5k. Would I be better redeeming and going for a tracker at today's rates or just staying as is? I'm working out that any new deal would need to be about £300 a month cheaper. TIA
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Porting a mortgage
Hello, I am thinking of moving home and would like to port my current life time hsbc mortgage, and possibly borrow another 20-30k. In the information about the mortage it says (after credit check etc) : 'we will lend you up to the balance of your mortgage on a new mortgage and at the same variable rate for the remaining…
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new mortgage lender offers me release from ERC
Hello All, i took out a 2yr fixed rate interest only buy to let mortgage last year with GMAC RFC who have recently sold their "book" to mortgage express owned by Bradford & Bingley.I received a letter last week from my new lender stating no new mortgages would be offered at the end of my existing deal. (ends sep 2009).…
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No hope of mortgage?
We have a mortgage and a second mortgage which under current circumstances take us up to 100% and therefore no equity. Our mortgage deal ran out a year ago when things started to turn nasty. My husband has told me there is no chance of remortgaging which I agree with but are we right to think that way? We haven't bothered…
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first time buyer with no deposit
hi, the title says it all really. my credit is not the worst but its not the best either. my partners credit rating is better but still not great. we want a small 1 bed flat approx 70-80k which we have found a few of, our combined wages could comfortably cover. any advice, ideas or recommendations as to how to get on the…
