Mortgages & endowments

Discussion List

• Overpayment Confusion??

  HI I'm thinking of overpaying on my mortgage but have a question - can anyone help? If I overpay by £160 I save 7 years and about £16,000. However, if I just put £160 a month under my mattress for the same shortened period (13 years) I will have nearly £25,000. Have I made an error in the calculations? Details - mortgage…

• Ripped off by Nationwide?

  Am I being ripped off by Nationwide? Any advice would be appreciated. If I transfer funds from my Nationwide account to another Nationwide customers account it arrives in their account immediately; as I would expect as it is only an automated computer transaction. My question is; my mortgage payment comes out on the 1st of…

• Mortgage Questions

  Hi, looking for some advice Partner going through divorce. It has been through court and his soon to be ex will be keeping the house. At present she has still not got a mortgage sorted and the deed of transfer has not been completed. My partner is now wanting to purchase a house. Can he get a mortgage (buy to let) whilst…

• Interest only on our mortgage, advice please

  :confused: Hi There I am just curious to your feed back, i was maybe thinking about doing an interest on our mortgage just for a short time in order to pay of our credit card debts which we currently owe 14000 between me and my partner, i have heard good reactions about doing this but also bed points about doing this, also…

• survey and valuation

  Hi does anyone know if the survey performed on behalf of your mortgage company gives an accurate valuation of the property? Our survey's 6 months is nearly up and we haven't moved yet. Will the new survey show if the property has depreciated?

• Have I been missold my current mortgage.

  Hi all, In August I contacted Bristol and West as my fixed rate was due to come to an end and asked if I allowed my mortgage to go onto their SVR I could still make overpayments. I was told that this was not possible but I could make overpayments if I fixed my rate. I did this and paid a fee for the privelage. I've since…

• Selling in Neg Equity

  Hi, looking a bit of advice. Ill obviously phone my mortgage lender (Standard Life) soon but looking to see if anyone on here has any experience. My apartment is up for sale (bought for £141k, prob would sell for £110k). I have checked with SL and cant carry my neg equity over to a new mortgage if I move house, so I…

• Britannia Mortgage delays

  Hello. I am in the middle of part exchanging our house for a new build. To cut a long story short - I currently have a mortgage with Britannia and thought for ease and the fact they gave me assurances that the mortgage we want would be no problem i would stay with Britannia for our new funds. I have outstanding mortgage of…

• Getting a Mortgage while BRU

  I am about to be discharged in March from my BR and would like to buy a house and here comes the BUT.......... I have a BRU until May 2012 and wanted to know what if any my chances were of buying a house. I have a large deposit and £70K income......Any chance? BRU 007

• Mortgage product

  I'm on a fixed rate with Nationwide at 6.23% and have to pay over £3000 redemption penalty to get of the product. The BMR (their variable rate) should soon be 3% (if they drop it) but i have been told that even though i am an existing customer as house prices have dropped i don't have enough equity to go on the BMR or…

• interest only mortgage no repayment vehicle -options?

  My northern rock deal is coming to an end. My property is worth about £550k and mortgage is £320k. I want an interest only deal as property was bought as an investment with a friend (great timing!) and intend to sell as soon (if) the market picks up. As want flexibility to sell as soon as possible don't really want any…

• mortgage q

  silly really but i cant seem to find the answer on any bank websites. when you apply for a mortgage do they take into account your net or gross salary. my oh works away and doesnt pay any uk tax as he is out the country for approx 7 - 8 months of the year. if we were to buy a house with a mortgage would the bank take into…

• advice for a mortgage advisor

  I'm new to this, so if it has been discussed before please just point me in the right direction. My husband is a mortgage advisor who qualified about 6 months ago (really bad timing!) He has been trying to work independently with a group called "Gifted Finance", but with this current market it has been really slow. To make…

• Could someone please look at my figures?

  I have read all the previous threads on this subject ( I know this is being done to death)but im still confused and would be really grateful if someone could just look at my figures Im on a 6.18 fix until 2013 O/S Balance £79,901 16.5 years left approx 40% LTV Early repayment Charges £2384.00 Thinking of swopping to…

• Mortgage payments - divorce?

  I would really appreciate some advice regarding approaching the bank (Halifax) and asking for a payment holiday from the monthly mortgage payments. I recently I found out that my wife had cheated while I worked away from home which will be leading to divorce. We bought our house in joint names about five years ago and…

• Mortgage for loft conversion

  Hi this is my first post......I am thinking that what I want to do it not going to be possible but I hoping you might be able to tell me otherwise! I am looking to raise around £35k for a loft conversion on the house that I live in with my wife. We have a joint fixed rate mortgage on the house with around a 80% LTV and…

• Fixed Rate Mortgage - is it worth exiting early?

  Hi all, me and my wife are currently into our second year of a fixed rate mortagage at 5.63% for 5 years. With all the cuts in interest rates is it worth paying an exit fee of around £3000 and getting a new mortgage? :confused: What rates are expected to be offered by banks? I would appreaciate it if anyone can give us…

• Outstanding finance.

  Sorry this may be a daft question. I recently took out a finance deal buy now pay later scheme at just over £1000. Ive got until next January until i have to pay it off. Would this affect my application for a mortgage at all:huh: Thanks

• One Account Mortgage

  I would appreciate any advice on the one account mortgages. We are coming to the end of our fixed rate mortgage with Northern Rock. We will then have an outstanding mortgage balance of £20,000. I have been looking at calculations for the one account mortgages, and they do seem very favourable for what we are looking for.…

• please help banking error

  I'm wondering if anyone can help as we have just put our house on the market yesterday and received a default notice this morning for non payment of a credit card which is a banking error. This default is being corrected with the credit card company as it is a genuine banking error,but unfortunately the bank and the credit…