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Mortgage fee
In October 06 I paid £36,000 off my mortgage from a pension lump sum...I now need £15,000 added to my mortgage (at 4.5% interest rate) which will take it to £20,000 owing... this is to pay off credit cards and overdraft I have had this ok'd by the Halifax but at a cost of £349 for additional borrowing...I don't mind paying…
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Nationwide - mortgage in 2 parts question
I have a Nationwide mortgage in 2 parts. The first is on a fixed rate for a few years yet, the 'advance' (that I took when I moved to another house) is due for renewal at the moment. This may be a silly question :confused: but can I move the 'advance' to another bank/building society if there are better offers? Thanks
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Gary
I HAVE A FRIENDS PROV WITH PROFIT ENDOWNMENT, WHICH PAYS OUT IN 2018, I AM USING IT FOR SAVINGS NOT MORTGAGE.IT SHOULD HAVE PAID £30,000 BUT WITH 4% GROWTH WILL BE ABOUT £16,500. 8% GROWTH £22,500. I AM PAYING £40 A MONTH.AT THE MOMENT IT IS WORTH £8,600. SHOULD I CARRY ON WITH THE POLICY TILL END OF TERM OR WOULD IT BE…
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Part Mortgage advice please
Hi all our mortgage is divided into 4 parts. Three of which we are fine with and happy with the rate term etc. The 4th part we screwed up! That part of the mortgage is £66,200. It has another ten years to run and it is interest only. On that part, we pay £275 pm. How did we screw up? Well we have both been married in the…
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friends provident endowment
need some advice please. I've had a unit linked endowment policy with FP since 1992. target amount £63624(april 2017). what I might get back as of april 2008. 4% £37700 5.5% £42800 8% £52700 My fixed rate(4.94) ends in March,when I revert to variable rate,which will be 3.5% as of 1st Feb.20 years to go on mortgage(£128000…
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New 2.29% 1 yr fixed rate - Anyone got £80k?!?!
I'm a 27yr old FTB and I saw this new product from Woolwich and it is a great headline rate and I even managed to get my head around it only being 1 year and then reverting to 2.29% over base but...60% LTV on minimum loans of £200,000!!!! Correct me if I'm wrong but that would mean you'd need £80,000 deposit right? Who the…
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Question for mortgage advisers re salary
I may be moving house and applying for a new mortgage towards the end of the year, and I have a slightly unusual salary situation - I'm wondering how it might affect the amount I'm able to borrow. Apologies for long post, but it takes a bit of explaining. I work for a company which is asking all employees to volunteer for…
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10% Deposit
Hello all, bit of a lurker here for some time but never registered until now. I have some friends who have a mortgage offer, but I think they have got the wrong end of the stick and was wondering what others think on this forum. They are first time buyers and have been offered a 90% mortgage with HBOS. They have an offer…
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What constitues a deposit ?
I have posted in the house buying forum about a deal a property developer has offered. Basically he is offering to rent a property for a number of years with the option to buy at the end at which point ALL of the rent monies will be credited back against the sale. Obviously the attraction of this would be that this return…
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Should I Re-mortgage or Fall onto the base rate
Hi Guys, I couple of years ago I signed up for a two year fixed mortgage at 5.89% I'm just going to drop out of the fixed deal in a few months and Natwest have advised me that now the base rate is so low ( approx. 4.14%), my new payments will be approximately £80 cheaper. What should I do? Should I just pocket the money…
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How do I find out how much my property is worth for re-mortgage purposes?
Is there any way of doing this without starting the re-mortgage process? I'm looking to re-mortgage as NR have told me they will not let me re-mortgage with them but I want to have an idea about how much my house is worth.
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Remortgage Advice
Hi, I am currently in the process of remortgaging by using an independent mortgage adviser who came up with quite a good deal with another lender so I started the application. During the application process I was offered a better deal by my current mortgage lender so I went back to my mortgage adviser who then did another…
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Bank of England rate expectations
A Reuters survey of economists has just been published and expects rates to be cut by 50 basis points to 1% next week, and rates to be 0.5% at the end of 2009. LIBOR is also coming down, as are Swap rates, and with the banks capital requirement eased by the government recently, we should start seeing much better mortgage…
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Barclays 1 year fixed!
Erm... the so called 1 year fixed by barclays which is on the news is'nt that good. For a £995 fee it is actually rubbish. What are your thoughts!?!?!?
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buildings insurance
i had a letter from my mortgage company saying they needed a copy of my buildings insurance schedule for there records. isent them a copy by return post but they have returned it saying. "unfortunately, we are unable to update our records as our financial in the property is not noted,please contact your insurers and…
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How do I find an Independent Financial Advisor?
I know for a lot of issues on this board the advice includes: "ask an Independent Financial Advisor" - but: * How do I go about finding a suitable such advisor? * How much should I expect to pay? * How do I know if they are any good (I do not know anyone who had ever used one, so personal reccomendations are not much use)…
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Mortgage advice - Rent or Sell or Stay!
Good morning all, I need your help!! Here is my dilema ...... Currently own a one bedroom house in the south east. I have been in there approx 18 months. My OH is looking to move in sometime in May but we have reservations as to whether the house is big enough for the two of us. Selling this house and buying another is not…
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Noob saying hi, and after some advice
Hi guys, Im about to get some work done at home, new conservitory, kitchen extension etc etc. I have been putting off getting the work done for some time now, but i thought nows the time, with the rates been so favourable for getting some additional funds added to the mortgage. So i have an oppointment to see an indipended…
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How many nationwide tracker customers have not had the collar enforced?
I seem to have read quite a few posts on here recently where nationwide tracker customers have received a letter informing tham that their rate has been dropped to below the 2% that they previously stated that their tracker was going to hold at. I for one have not received this letter and I am a bit concerned that other…
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Any 25 Year Fixed deals about?
I'm currently on a + 0.17% tracker for term with C&G so all is good at the moment. However give it 12 - 18 months and I personally think base rate will rising substantially so I'm just doing some long term planning. I can say with almost certainty I won't be moving house for many years so I'm thinking in the next few…
