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The Interest has decreased but the Capital Repayment has increased, why??
Hello, this is my first post so I hope I have placed this in the right place. I am on a variable rate capital repayment mortgage at 1% above Bank of England base rate to be repaid over 22 year (after being interest only for the first 3 years). The interest is calculated on a daily basis. My interest has been decreasing....…
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Save £300 a month or overpay mortgage?
Hi there, I am searching for some advice on what I should do regarding savings. Let me explain my situation. I am 25, a recent homeowner with a mortgage of £80,000 costing me £450 a month. I have no other debts other than a student loan. I earn £1500 a month after my Pension, SL, Tax and NI contributions. My living costs…
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help with mortgage statement needed please...
hi, i think this is the correct place to put this, if not can the mods please move.. i have just received my mortgage statement and i'm lost with it! i'm on a fixed rate which i fully understand and sort of happy with, but my balance is constantly rising resulting in higher payments. i took out an interest only mortgage…
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Abbey mortgage
Hi i have a mortgage - with abbey- i am on a tracker at the moment -but this is due to run out in May 09. I have seen my payments practically halfed since the interest have been dropping. Can anyone tell me - if by going on the svr i would be paying a higher amount- what is the rate at the moment ???. I currently paying…
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Derbyshire SVR
Just coming to the end of a 3 year fixed rate at 5.75% with Derbyshire (we were previously with Kensington) and they have informed us we will revert to a variable rate of 6.08% from March. This has come as quite a shock as we were expecting it to go down to 3.5% as now part of Nationwide (Mortgage Introducer article 9…
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Swicth Mortgage?
Hi I have about £65000 left on my mortgage, the value of my house being approximately £240000. I am currently on a 2 year fixed rate of 6.7% which runs out end July 2010. I am wondering whether to try and secure a five year fix if/when the rates come down even more and switch to a lower rate. My early repayment charge is…
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90% LTV on new Builds. or 85% shared equity?All details
Hi people, if there is such a thing in todays climate im after some impartial advice on buying a new house. Firstly i will start with the facts & Figures. I earn £20,600 and my partner £16,800 a year. Both at the bottom of relatively steep ladders and for the past two years and for the for-seable future our salary's will…
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How about this?
Hear a story the other day of a person on a fixed mortgage deal, phoned the company and said he couldn't afford to pay the mortgage could they please end the fixed deal and put him on to the latest rate, apparently a big saving made. No argument no questions, they just did it. I understand it's not actually true that they…
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My Mortgage need help
Hi all in December 2007 me and the wife decided to buy our local autharity house valued at £129000 for the discount price of £89000 with £30000 discount we borrowed extra on top of the mortgage to pay some debts and build a conservatory leaving us with a mortgage of £108000, we had, at the time to go with a adverse credit…
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transferring my abbey mortgage
I am thinking on buying a bigger property and my actual mortgage allow me to transfert the loan to a new property. I am actually on a 5 years fixed rate at 5.93% with the Abbey. If i don't transfert the loan i would have to pay about £5K in early repayment fees. If i do sell and get a new property does it mean i keep this…
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Barclays/Woolwich Tracker
I'm getting very confused with the repayment terms on my Barclays Tracker mortgage. Numerous calls to their 'help-desk' and I've been given conflicting info. With their mortgage, the monthly-repayment is only recalculated once a year. Ok - understood. So, if interest rates go down, you don't see the difference in your…
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To Remortgage Or Not To Remortgage?
I am totally confused after looking at the fools calculator about making a saving if I remortgage. Can anyone offer advice on how to understand the figures and if remortgaging is actually worthwhile. Here are the details on average: £133000 is currently owed 19 years remaining Fixed rate with the Halifax is 6.49 ERC is…
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Ftb
Tomorrow i pay the booking fee shall i go for a 2 or 5 yr fixed, 90%LTV on 1 bed flat NW2 6.79% What would you expect SVR to be in 2 yrs?
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Should you pay a charge to port a mortgage?
A year ago I ported my Bank of Scotland mortgage from one home to another. I was charged a fee (I think it was £150.00) for this service. When I questioned the fee I was told this charge was a land registry charge. I still thinking even now that this was nonsense. Should I have paid a fee for porting my mortgage at all?…
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BoE Disaster Scenario
Hi there, Me and my OH have decided to take the plunge into the property ladder. She's bought and sold two houses before with fair success, but this will be my first time. After extensive searching, we've seen a house we like and have pretty much got a FD BoE Tracker (+1.89) in place. We've both done the sums and are clear…
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extending mortgage term
does anyone know how to go about this and if halifax are allowing people to do this. my ex has agreed to take on the house due to our split but is going to find it very tight money wise. does anyone know if they would allow him to do this to bring monthly payments down. also i want my name removed from the mortgage, i dont…
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advise please re mortgage arrears and interest only payments
hi My mortgage is almost 8 months in arrears, alliance & leic have been very understanding of my situation, and as the house was up for sale and then sold stc they said they were willing to wait until completion, as long as i kept them regularly updated with the progression of the sale, which i have done. Unfortunately the…
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Which morgage?
Hello, I've just had an offer accepted on a house! I have a 10% deposit maybe 15% and i'm trying to find a good deal We got our agreement ok'd last month when a 90% mortgage was 6.09 now it is 6.29 the weird thing is if we go for the 15% deal we have to pay £2300 arrangement fee which is ridiculous Is there any better…
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One Account - end of my tether!!
Not sure if anyone else has the One Account but they are really frustrating at the moment with the Interest Rate being 4.0% - in terms of the recent cuts they only passed on 1.0% of the 1.5%; 0.2% of the 0.5% and 0.0% of the last 0.5%! In addition to this they randomly put rates up by 0.25% around August 2008. The sooner I…
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35K cash lump sum to come - pay it all into my mortgage?
Hi everyone... I bought my house in January 2007. I have a mortgage of £181,000 on a house valued at £195,000 at the time. We added a toilet / utility room when we moved in so would like to think it crept up in value to around the 200,000 mark before the crash. No idea what it's worth now. 175K maybe? I'm currently adrift…
