-
re-mortgage thought - wait or switch early ?
I'm currently on a fixed with Northern Rock - 4.89% till 10/10. No tie-in's or penalties. LTV 40-50%. It's my old home that is rented out and a consent to let was obtained from NR, though I guess it would be a straight btl mortgage now. It was a good rate when I took it 5 years ago, and I'm happy enough with it even though…
-
Apparantly my mortgage term has finished - Help reqd
Evening had a 5 year fixed with the co-op in aug 2004 @ 5.39 % Had a letter of the co-op today saying our 5 year fixed finishes end of jan this month, would of thought it would end in aug??? They are kindly moving us, LOL, to their standard variable rate of 4.79 ??? So we are looking for another mortgage. We like the…
-
Bank has sent me my Deeds with 20 years left to run!
Hi, some time ago Nationwide have sent me my leasehold agreement the original copy and it's accompanied by a letter saying that they are storing digital records of my Deeds for now so have sent me back the originals to look after. No one else I know has been sent back their Deeds so I think it's a bit odd. Couple of…
-
Morgage/endowment Recomendations
I have 15 years left on a 25 year morgage. Current deal is up next month & looking to remorgage. Morgage is approx £60k on a 200k house. £30k of the morgage is interest only. I have an endowment policy I took out 10 years ago with the intention of generating £45k which on current estimate looks unlikely! I have £10k I…
-
any way of getting out of fixed rate?
without mega charges? i've just (july) fixed in for 5 years at 6% - not a good idea eh! any way of getting out of it, can you plead insanity? with the nationwide. really paying over the odds now, not my best move :confused:
-
5 year fixed - am I being stoopid!
Hiya I know that no-one can make decisions for me but I just wondered if anyone can see anything glaringly stupid with the following. We're with the one account and on the lowest rate as we owe less than 50% of the value of the house so currently 4.1% (about to drop 0.2% I believe). We want to go on a fixed rate for five…
-
Mortgage
Hi,not having a clue about money and mortgages i am at my witts end as to what to do!. I earn £26,000 a year and i pay £300 a month in maintinance for my 2 chidren and £200 a month for a loan i started last year (running for 7 years).Please could you tell me weather i can afford a mortgage on my current wage?I have roughly…
-
increased mortgage on property i have had to rent out
I wonder if anyone can advise or suggest a solution to this please? I bought a house in Dec 07 which i have had to rent out as i have moved from Scotland to the south of England for work. I did not think when I bought the property that i would have to move. I bought it with a 110% mortgage - at the time the property prices…
-
fixed rate comming to an end
right guys, here is the question. my 3 years fixed rate morgtage is due to finish at the end of march. my current rate is 4.94% & my outstanding amount is £63000 with clydesdale bank. the house is valued at approx £85000 - £90000. total income between me & partner are £42000pa. am i better staying on the variable rate till…
-
Repay mortgage with parental loan - mutually beneficial?
Hello, this is all new to me so apologies if I have the wrong section, or I am doing this wrong. I need advice. I am about to come to the end of my fixed rate with the Halifax. I will then revert to the Standard variable which of course is better than my fixed rate at the moment. Any new fixed rate remortgages will cost a…
-
Lowest Current Mortgage Rate?
Other than making me feel a little jealous I wonder what the lowest genuine mortgage rate that anyone is currently paying. I know a select lucky few of our (RBS) customers are paying a base rate -0.29% at the moment and that lasts until October this year. Any institutions out there that regret offering a base rate tracker…
-
Standard Variable Rates
Can any kind person tell me that when LLyodstsb take over Halifax , whether or not the SVR for mortgages will be the same , ie Halifax is 4.5% and LLyodstsb is 3.5% at the moment. If not , then they should be. :A
-
Interest Daily v Monthly on a Mortgage
My interest is currently calculated on a monthly basis, my building society is merging with another which calculates interest on a daily basis. Will I be any worse/better off? If so, by how much per £100,000? Thanks
-
Mortgage Express - Too good to be true?
Hello, We are in the last 3 months of our current fixed rate deal (5.59%) and about to go to the SVR of 4.84%. Mortgage Express have offered a new fixed rate of 4.29% for 2 years, available immediately, with no arrangement fees and no early redemption fees if we re-mortgage within the 2 years. In 2 years it goes to B.O.E.…
-
Mortgage Fiasco!!
I posted on here quite recently about my situation and received some helpful comments from people, for which I'd like to say a big thanks! Unfortunately, after a meeting with a Halifax mortgage advisor today i'm feeling really confused, enormously stressed and in desperate need of a few more commetns if possible!! The…
-
Scottish Mutual Endowment
I was sold a Scottish Mutual with profits low cost endowment in 1981 and as I required extra mortgage cover extended this on two other occasions. I was sold the first one in 1981 and was told by the financial advisor that in 18 years I would have enough in it to pay off my mortgage and also have bonuses at that time. Of…
-
Rate my chances of getting a mortgage
Could someone who knows the market put my mind at ease here. My situation is as follows. My salary is pretty low, just £23,500. Back in 2001-2002 I picked up several defaults due to a financial crisis caused by a period of unemployment. None of these appear on my credit report any more given the age of them and anything…
-
Variable or Fixed?
I have a £46,000 fixed rate repayment mortgage with nationwide and the deal runs out in sept. Before the fixed rate I was on a variable and feel I should go back on the variable rate. I am paying £350 a month over 19 years (paying £50 extra a month) It was originally £30,000 seven years ago but added on £16,000 so its more…
-
Removing ex partner name from Mortgage?
Hi All I need to remove my Ex husband from my deeds and mortgage and I want to add my new partner on instead. My mortgage is up for renewal in April so my question is can I start to look for a mortgage with my new partner and then transfer mortgages or do I have to remove my ex's name first before I can do that? Advice…
-
Expat. Can I get a mortage?
Hi I'm a UK expat living in the Middle East and want to buy a property back home for my son. Can I get one? I'm paid in the local currency and have a good credit rating. I can make a 15% deposit. I don't have a mortgage currently so this will be a first time purchase dor me. I have UK bank accounts. Thanks for any help.
