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re-mortgage time of month
Hi all, We are in the process of re-mortgaging, my question is this, our interest is calculated daily, are we correect in assuming that the best time to pay off our existing mortgage is the day after we have made our monthly payment? cheers Manick
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due to remortgage an have 32k.what to do?
due to remortgage in october but have come into 32k so until i remortgage i shall save it,but in october should i put it into the mortgage when i remortgage,or just keep it in a savers account?house value is around 320k outstanding mortgage should be 55k ish with 17years left.any help would be great as we arent shore which…
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is it worth remortgaging before current mortgage runs out??
hi everyone. I am currently paying an 8 % interest rate on my mortgage with northern rock. weve had the mortgage (and the house) for 1+ 1/2 years now but its a fixed rate for 5 years. we have been advised by friends to look into remortgaging and i was wondering if anyone knows of any good mortgage providers for my…
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Homebank
I have been asked by mr Dodd to remove all my threads
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Should I get overpayments back before re-mortgage with NW?
Hi all, At the moment I am on a BOE+0.88% tracker with Nationwide. Recently I had my annual statement through that said I had a overpayment reserve of 10k+. When NW offer a decent, dare I say below 4%, 5 or 10 year fix I will jump onto it. However, before I get onto the fix should I get back the overpayments. I have read…
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Abbey arrears suspension - why am I being offered this now?
I hope someone can please explain this for me. I have been informed by abbeys solicitors that my mortgage account fits within their criteria for arrears suspension. Their letter says that my outstanding arrears will be added to the capital balance on the account. Interest will be charged on the final balance with effect…
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10 year fix too long?
we are coming to the end of a 5 year fixed rate at 5.9% in May. Existing lender is offering 5 year fix at 4.69% or 10 year at 5.29%, both no fees. which do you think we would be better doing? It is portable so if we move we can take it with us. Just a bit wary as in 1992 took a fixed rate for 3 years at 10% and at the time…
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Northern Rock SRV
What is the current Northern Rock SRV. Thanks
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Mortgage Payment Holiday for February
Hi All, I need urgent help from you to deal with this mortgage lender. Without mentioning name I would go straight to the point. I have a mortgage with one of the major lenders. In the mortgage document I signed with this lender, it is clearly stated that one can take a payment holiday provided that one is not in arrears.…
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Bought my first house & need advice
Hi Everyone, At the age of 29 I finally managed to buy a house in June 2007 (right before the slump). I got a 1 year fixed interest-only deal for 226,000. My mortgage is now on bristol & west's SVR and as a result my monthly payments have dropped. However im still on an interest only mortgage and im now in negative equity.…
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Endowment- Should we sell and pay off our mortgage?
We bought our first house in 1992 when we took out our endowment. We have since bought our second house but have converted our mortgage to a repayment mortgage. So the endowment is really a savings policy (!!). We have sufficient separate life cover for both of us. We fixed our mortgage on 01/02/2007 for 5 years at 5.79%.…
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Nearly 100% on a buy to let...is it possible?
Hello everyone! I'm on a 96% mortgage, although that is by 2006 prices and I think my property has increased in value since then as I brought it pretty 'cheap' for London. However, even after getting it revalued I'll probably only have paid off 87% or so of the value as an estimate... I need to remortgage in Sept but I'm…
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Please help, advice needed
Hi All, I hope that someone out there might know the answer to my question or might be able to give me some advice. I am currently going through the process of applying for the 'My Choice' scheme, which allows you to purchase a house with assistance from the Government, as this is the only way that I'm going to manage to…
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WWYD--anyone any advice. Endowment shortfall
We have an endowment with Scottish provident ( pheonix) for part of our mortgage £31,000 target. Guarenteed sum £15605 declared bonus £2099 surrender value £11300 and going down ! Monthly premium £107 Maturity date 28/06/2014 Maturity forcast 4% £21500 5.75% £23200 7.5% £24900 Anyone any advice of this. Would it be worth…
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is now the best time to go for a fixed rate?
with base rate at an all-time low and a likelihood of higher (probably a lot higher) taxes in the near future, do you think now is the best time to choose fixed rate? even though in general trackers offer better rates right now?
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How long to get offer
We are applying for a 75% mortgage with Halifax and have had the valuation done yesterday. How long should we expect until we receive the formal offer? They haven't asked for any income verification as we have A credit pass so was wondering how long it normally takes.
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valuation question
hi does a valuer know what price you paid for your property? and does this have an affect on what value the valuer values your house? for example, say you bought a flat for 100K, in the current climate lets say the value has dropped by 15% so its now valued at 85k. but what if you bought it 10-15% below the peak value, i.e…
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Two year or Five year fixed?
I've got two options I'm looking at to remortgage onto. I'm on a 6.25% (I think) fixed with B&B now and they're waiving ERCs. Option 1 is 4.59% fixed for 5 years with £299 fees. Option 2 is 3.44% fixed for 2 years with £559 fees. I just can't decide which to go for. With the 2 year fixed I'd save an extra £800 or so over…
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Advice/opinions please
Hi i wonder if i can get some advice/opinions please? Me and my OH purchased a house in Oct of last year, we were offered 2 different mortgages one fixed rate for 5 years and a 2 year tracker i wanted to go for the tracker but the lady we saw insisted it was a bad idea and rates were likely to go up and because we are…
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Is this correct info?
Hello to all on the forum. Got a £50000 int only and £69000 repayment mortgage on fixed rate of 5.9%. Only 1 yr to go. Enquired about getting out and informed by Halifax have to pay £1200, but our mort would be lower by £146 on SVR of 4%. An indendant advisor has informed us that we cannot go to another lender and be on a…
