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Mortgages with nationwide
Hi there, im looking for some advice please: I have two mortgages with the nationwide and am looking to over pay. The first is an endowment mortgage for 49k, the endowment is supposedly ontrack and due to pay out 2017, the second is a repayment of 50k which is due to finish in 2024. Looking at my online statement I have…
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Mortgage Advice
My daughter, a single parent, is finding herself in serious financial difficulties as are a lot of others at this time. Unfortunately, due to pride, she left it very late in informing me. However, in an effort to help, I accompanied her to her bank (H******) for her to inform them of her problem and to ask if they could…
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Help pleaseeeeeeeeeeeeee
Back in in 2007 i took mortgage 7.24% with bad credit history,it was 2 year fix rate and it finishes end of march 2009 i called them today and asked if I can fix again they refused by saying that your contract was fix for 2 years and now you will become on tracker rate that is what you signed for and so can not change it…
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Help with remortgaging
Hi Our discounted mortgage with Mansfield BS comes to an end this month and Mansfield has offered us different products. We still owe 94000 of which £30000 will be covered by an endowment maturing in June 2011. 3 year discount 0.89% of SVR Fee £95 3 year discount 1.20% of SVR fee £599 2 year fixed 4.49 fee £250 3 year…
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BBC 1 'Repossesed - Upsetting To Say The Least!
Just watched a 'Tearful' documentery on BBC 1 - Repossesed. Charted 3 couples who ended up in a 'Dire' situation at the hands of their Lenders. Norman, The car salesman who battled on trying to make any money and had days to 'Abort' a repossesion order on his house. Alan, The self - employed worker who had an offer of…
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negative equity now. what about down the line?
Our house is in neg equity at the moment. From this August we are going to start overpaying our mortgage by £1,000 per month. (Getting married at start of Aug, so can't do it until then) Hopefully that will take our mortgage down a bit and knock a little of the neg equity off. My question is after paying our mortgage for…
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Obtain mortgage offers before 8th jan?
Hi there I'm looking to put an offer in on a flat this week and am a first time buyer. A friend has advised to get some offers of mortgages before the 8th because the base rate reduction likely to happen soon will mean that mortgaged deals will be ' priced up' - any opinions on this in general are welcome, but I presume he…
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Endowment quagmire
Firstly, thanks for reading and - hopefully - helping. We have... endowment mortgage with Northern Rock - £63,500 with 6 years left fixed rate 4.99% until 1/2/10 loan with Northern Rock - £6,500 with 5 years left fixed rate 4.99% until 1/2/10 loan with Northern Rock - £22,500 with 8 years left variable rate (now 4.99%) One…
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Unauthorised changes to mortgage T's and C's?
Hello all - I'm a newbie here and this is my first post hoping for some advice or to invite comments regarding a rather alarming piece of information my mortgage lender,(HSBC), told me recently. I have a base rate tracker product with no collar. Following the last rate cut by the BOE I phoned HSBC to ask what my new…
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Mortgage question
Hiya all iam after help off all you gurus on here, i understand it cant be official advice but whatever you can give is very well received :) Basically we got our house 18 months ago for 127000 with a 117000 mortgage we have accepted that for a good few years we will be in negative equity but are saving as much as we can.…
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Fixed rate coming to an end...
Our fixed rate mortgage is ending in April. On the paperwork it says that afterwards it will be at a variable rate 1.5% above the Bank of Englands official rate. I know I probably sound a bit dumb but does that literally mean that with a 2% or maybe less base rate that we will be paying 3.5%, thus it isn't a good move to…
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Mortgage transfer first payment???
Something a bit strange has happened and I was hoping someone could explain it to me. I transferred my mortgage on 2nd Jan and payments are supposed to go out on the 5th of the month. In December I made my normal payment to my old lender, the new mortgage was drawn down on 2nd Jan but the new lender does not want payment…
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Ex-Portman mortgage payment taken early
Hi, In 2004 I took out a mortgage with Portman Building Society, who were then taken over by Nationwide. I recently received a letter from Nationwide letting me know that my mortgage account would soon be moved to their own computer systems, and they would inform me later if there would be any changes to my payment. I pay…
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Mortgage Offer DPA Breach - Advice?
We are in the process of taking a new fixed rate with our lender, i have received our offer and key facts etc today...only to find they have sent us someone elses offer, i have another customers personal details, address, outstanding mortgage balance, loan amount, payment info ..the covering letter was addressed to us but…
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Buy to let when in Armed Forces
Hi there, I currently have a flexi fixed mortgage(repayment) with Northern rock. I'm getting married next month so therefore entitled to move into a married quarter. This leaves the problem of renting my flat out. If i was to change my mortgage to a buy to let morgage, i know this would cost £££££££s. But a friend of mine…
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Remortgage shortfall - advice urgently required
HI - I hope someone can help me as I recently was advised to remortaged my home and also to add on any existing loans I may have within this re-mortgage. I asked the broker to include a personal loan I had taken out the previous month of £4k to be included. Therefore in December, I redeemed my existing mortgage and took…
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Mortgage Payment Holiday?
Hi Peeps Thought I would throw this question in: I have a mortgage with Nationwide which includes up to 2 payment holidays during the term of the mortgage, each up to 1 year each! I have 14 Years left on my mortgage and am currently fixed for one more year (until Jan '10) at 5.25% Just wondering if it would now be a good…
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Can I relaease cash from the equity...
Hi Some advice needed i anyone is in the know. I have a mortgage of £130k, the alue of the property is apx £400-£450k, Is the any way to release some of the cash without raising my mortgage? Thanks
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Endowment Help Please - thank you
Hi I am writing on behalf of my mother regarding her endowment policy with Phoenix. It looks like she may be forced to retire early due to ill health and has 2 endowment policies that, in addtion to her lump sum, will pay off the majority of her remaining mortgage. Her mortgage isnt up until 2010 therefore she wouldnt be…
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Choice of new deals- help appreciated
Have just spoken to abbey re mortgage. currently paying £714 @ 6.94% fixed until November 2009. I have been offered 2 choices tracker or fixed deal. There are 2 fixed deals, 2 years and 3 years @ 4.89% which would be £647.21. I would pay slightly more for an arrangement fee for the 3 year and would have a 3% early penalty…
