-
Help please
Hi All, Hope you are all well. I am a first time buyer and have saved up a deposit on a place. Could you please tell me what I will need to fork out for before getting the mortage, ie, legal fess. If so, could you include the potential costs. Thank you.
-
Zurich / Eagle Star Endowment. What to do?
We have an endowment plan which we on longer need to pay off our mortgage. It was due to cover £22,200.00 by November 2019. It is called a Star Homebuyer and was taken out with Eagle Star in January 1994. We have a letter from Zurich giving us the projections. 4% £13800 6% £15500 8% £17800 Surrender value £7517.00 The…
-
Negative Interest Rates
Hi All, First post, so please be kind ;-) Seems the latest buzz phrase of the credit crunch is 'negative interest rate', when the BoE base rate falls below 0% (I should say now that i don't believe it will happen, but bare with me!). It happened in the 70s in Switzerland when the Swiss Franc was considered a safe…
-
Woolwich int only - when does change to interest rate occur following BoE change?
For a Tracker - is it the first of the the following month after a change is announced by the BoE or the first available payment date after the change occurs? According to my T&Cs it is the first available payment date, but other threads state the former. Thanks.
-
Remortgaging for home improvements
Just after some advice really. We currently have a very low mortgage of around £34500 with 21 years left to pay with Alliance and Leicester with the tracker rate of 3% which works out at arounf £193 per month. We need a new kitchen and would like to add an aditional £5000 to our mortgage. As we are new to doing this how do…
-
Problem with Future mortgages
We just got a call this morning to tell us that our last two mortgage payments were late which came as a bit of a shock. Due to a change of circumstances I took over paying the mortgage alone in October and made a card payment then set up a standing order for November. I set the payment date to 25th after discussing with…
-
halifax deal coming to end
my halifax deal is ending in march. i was on a fixed rate deal of 6.69%. my mortgage remaining is 45650 with 21 years left. i am thinking of going for one of their tracker deals which is for 3 years and which 4.19% but has a fee of £999. they also have two other options 4.59% with a fee of £299 or 4.39% with a fee of £499.…
-
rbs additional borrowing question?
I have just been offered a mortgage through the RBS. The house I have bought is a repo. Which I managed to get for £76k the approx value of the house is £90k. I have put down a 10% deposit so my mortgage is about £68k. I have a few pieces of debt which I would like to pay off along with some money for home improvements.…
-
Overpaying
I spoke to Halifax this morning and I asked 'can i over pay' as my dad can't. They replied that I can over pay by 10% of the total mortgage which is £27,000. This is £2,250 a year and £180 a month. They then asked what do I want it to go towards, 1) Capital 2) Interest or 3) to Reducing the Term? I then said let me get…
-
Alliance & Leicester SVR Cut
Hi, does anyone know if Alliance & Leicester have passed on any of the the December 1% base rate cut. As far as I can see they haven't, although I must admit than I'm starting to lose track of the rate cuts. :confused: Cheers
-
Additional borrowing on mortgage...would you?
I am toying with the idea of borrowing £2600 on my mortgage for some desperately needed home improvements...obviously though the current climate is making me think *very* hard about this, any further borrowing is going to eat away at my equity and reduce the LTV. During the peak of the boom my property could have possibly…
-
Remortgage to rent out
I have a fixed rate interest only mortgage with Northern Rock - the fixed rate is due to end a year in July and there is a £1500 penalty for coming out early; I'm not sure what rate I'm paying (at work at mo) but it was set 3 years ago so will certainly be higher than rates are currently. The balance is around £101k and…
-
Please put me straight about mortgage "promises"......
Hello Could you mortgage wizards please advise me about a mortgage promise Halifax have given me. We went to the bank (already have our mortgage with them) the mortgage advisor did a credit check and worked out how much the bank would be prepared to lend us. It was waaaaaay more than we would ever comit ourselves to but we…
-
Porting a mortgage and reducing it?
Hi does anybody know if you have a portable mortgage and you decide to sell your house to buy a cheaper one can you just reduce the balance on the ported mortgage - or would you have to pay the fees to get out of it and take out a new mortgage?
-
Which mortage should I go for?
Hi, Just a quick explanation of the situation: I have found a property for £149,000, and I have a deposit of £22,500 (15%). I am a 25 year old FTB, income of £37,000 and have narrowed down my choice of mortgages (both over 30 years) down to: 5yr, 5.69% fixed with Principality - no admin fees, £300 valuation or 2.25 yr,…
-
Banks Interest Rate Flat Rates - Legal or Not?
Just a silly question which may not have a silly answer. My question is this.... I have a lifetime tracker mortgage (base rate + 0.49%) with the Woolwich and I know that the recent interest rate decreases have saved me quite a few £'s on my mortgage repayments. I have read in the press that banks will not pass on any…
-
Need a mortgage of 190000
Hi just need some advice if this is possible for me, i have seen a house i like and it is on the market for 210 thousand my wages are 25000 a year before tax. i have a deposit of 30000 cash i have another property which is let out and monthly rent is 700 from that property. do you think it is possible?
-
Experian let me down.
I tried to get a credit rating from experian, as we are going to try and get a mortgage this year. I couldn't get a C.R., as I don't have credit cards. When I emailed them ask how this would effect our chances, i got no reply. Now I get text messages and emails from loan companies ALL THE TIME. I made sure I ticked all the…
-
Equity Release...Advice Please
My father who is 78 has been offered a 30k loan on his property for a charge of 45k which we will pay after he dies. He is 78. Is this a reasonable deal. Thanks
-
Need a mortgage of 190000
Hi just need some advice if this is possible for me, i have seen a house i like and it is on the market for 210 thousand my wages are 25000 a year before tax. i have a deposit of 30000 cash i have another property which is let out and monthly rent is 700 from that property. do you think it is possible?
