-
SPML & Capstone
Hi There, I am wondering if anyone can offer me advise. I have recently chaged jobs & requested a change in payment date from Capstone.SPML from the 1st tot he 20th of the month, I requested this in October 2008 & have only gotten a response from them this month, in which they have advised me that they cannot change the…
-
Offers to bank to pay off mortgage
Just a quick thought, but is there any merit to offering a settlement figure to the Abbey to pay off my mortgage? At the mo its around £85,000 and my savings are around £55,000. I am always hearing of people that have offered half of what they owe to credit card companies who have accepted these offers simply to get some…
-
BLT Mortgages or 2nd home Help
Can anyone recommend a half decent buy to let products? Could I take out a second home mortgage and still rent it? My situation House I live in 8 Years left to clear the mortgage, property worth 350k Second home I would like to buy and then let for the next 8 years, then use as a second home. 2 bed freehold Flat, Property…
-
FTB with 25% Deposit
Hi guys I am looking for my first mortgage which will allow me to buy my first house. The house belongs to my family and a £75k fee has been agreed between us. I have a £18,750 deposit (25%) and was wondering if anyone know of any good fixed deals out there for around a 5 year term. I originally went to Lloyds TSB at first…
-
Saving Vs Paying off mortgage
I am sure this has been raised many times on here in the past so apologies in advance. Like most people on here, I am trying to reduce my LTV - My reason being I wish to sell but in Neg Equity. Anyway, Fixed Rate is up at the end of the year, when I am planning to go repayment and pay off as much as I can. In the meantime…
-
Support
I understand the Government are offering support initiatives to employed people who are made redundant etc but do these initiatives offer support and help to the self-employed? I am self-employed and work is drying up. I only have one months of savings left to assist with cost of living. I am currently searching for…
-
How long to fix for
Hi I have a flat that I am renting out and my previous 5 year fix with A&L comes to an end at the start of May My options re remortgaging have been limited by the crash and the difficulties in getting a realistic valuation from a surveyor (drop from August 07 was reckoned to be over 30% in Dec 08 - ouch!) but on the plus…
-
fees for renewing fixed term mortgage please help!!!!
My fixed term mortgage comes to an end in April, i have called the Abbey to renew my fixed term and have been told i will have to pay a fee of £299.00 Can they do this and why do they do this? I am not changing anything to do with my mortgage just simply fixing the interest rate. Does this then mean every time i fix my…
-
The Woolwich prevents interest only switch
I wanted to see if anyone else has experienced problems with lenders preventing them from switching to interest only.The Woolwich says that it has stopped doing this from mid December 2008 'in order to be seen as a responsible lender'. I rather think it is an excercise in protecting its own interests than in helping its…
-
Should I take a holiday?
I have a fixed-rate mortgage with the Halifax, on a 2-year deal at 5.7%, expiring in November 09. It reverts to their standard variable rate after that (currently 4%). Under the terms and conditions, I'm allowed to ask for a payment holiday, for up to 6 months. If I ask them to start the holiday in June, would I still bump…
-
Mortgage Broker Advice
Hi everybody, I've just a few questions on Mortgage brokers:- I'm currently using a whole of market mortgage consultant, the contact card given to me states that the consultant is 'an appointed representative of Home of Choice LTD'. There are no fee's when using the consultants services which leads me to my questions…
-
Mortgage Advice?
I'm 57 years old and looking to re-mortgage for £200,000 with interest-only repayments. My house is worth £400,000 and our household income is £60,000. The aim is for us to stay in our current house for 5 more years then down-size and pay-off the mortgage in full. What is the chance of getting a decent deal for a mortgage…
-
FANTASTIC deals
Coventry Building Society are offering - FOR EXISTING CUSTOMERS - who's deals are coming to an end, a Fixed Rate of 4.99% until to 30.06.14. Though the rate might not be very exciting, compared to other 5 year deals available, the thing is, this is for 100% LTV Cases and customers in Negative Equity can also switch onto…
-
How many would be in trouble if rates went to 10%?
It would be interesting to know if people who are now on 3 and 4% rates could sevice their mortgages if rates went up to say 10% in a year or so. Talking to some people I know it appears many do not even know how much a 1% rise increases their payments.
-
Credit score 999, same bank 25 years, self employed, no takers
Unfortunately traker deal disappears March. Planned 5 yrs ago to re-mort now raise cap, clear any debt and tart up home as want to be here at least 20years more. Cannot get self cert from anyone less than 7.5%-10%. Rating excellent + same history. Any useful ideas apart from sell and downsize?
-
Endowment; time to jump?
as we all know that they will almost all show a shortfall in the near future; but my latest projection is that the 12k units I hold are worth £23k ATM; on a unit price of £1.81 (up 10p since the end of 2007) the policy is due to mature in just under 3 years. Do I continue to watch the unit price and surrender it as soon as…
-
First time buyer
Hi, My husband and I are looking to buy our first home together. We currently rent a one bedroom house (£600pcm) and are looking to buy a 3 bedroom for £165,000. We have been in contact with a financial advisor who recommends we opt for an 85% mortgage, which would make our repayments roughly £850 (we have a good credit…
-
Advice appreciated.
Hi all, I was hoping for peoples thoughts on the following problems I have - all comments greatly appreciated. My partner and I currently have about 23k of debt on a 120k house. My parents own their own home, about 120k also, and have been looking to release equity but have come up against a brick wall with all the SHIp…
-
Getting out of a fix without/reducing ERP - is this possible?
I included this in an earlier thread but realise it perhaps is worthy of more general discussion. With many mortgage companies you can decrease your term if you wish - this has the result of increasing your monthly payments to pay off more capital each month. I wonder what would happen if the term of your mortgage was cut…
-
mortgage overpayment vs extending lease
Hi there Hoping someone can help with my dilemma. Basically I have a £163000 tracker mortgage (currently 1.75%). However the flat has a 78 year lease so its over the crucial 80 years point. I would like to know what I should do. Should I overpay on my mortgage. I could probably afford £500 per month which I reckon would…
