Mortgages & endowments

Discussion List

• Mortgage help - put this on mortgage wanabee by accident

  Hi Right here goes.... I have a capital repayment mortgage. There are 2 parts to my mortgage, both with 'halifax', as i moved house and borrowed additional money. They are therefore running on separate rates, etc. The initial mortgage of £99k came out of it's fixed rate (4%) last summer. I was on maternity leave so felt it…

• Alliance and Leicester tracker

  Good evening! I took out a "discount" mortgage with A+L in feb 05. For two years it was discounted from the SVR then from March 08 to March 09 it tracked the BOE at 1.25% above. At the time a bit of a poor deal for the last year, but now and excellent deal. My letter last year, notifying me I was going from the SVR…

• Amber home loans - Interest rate cut?

  I have a Amber home loans tracker mortgage. Have they passed on the latest 0.5% drop? Does anyone know if there is likely to be a collar on this type of mortgage? Thanks

• Mortgage interest electronic transfers

  Here's a topical bank story concerning payments by electronic transfer. I'll try and be brief. Nearly all the large banks are members of APACS. With effect from June 2008 Standing orders were supposed to be made on the same day by a system known as the Faster Payment Service. Guess what..It’s not happening on all accounts.…

• Another Fixed rate question...

  Hi All I currently have 1 year left of a fixed rate of 5.19%. It will cost me 2k to come out and move, along with legal fees etc. Is it worth doing - to try fix for say 5 years? will I get my money back? Its a 102k mortgate over 30 years. Any help will be welcomed. Thanks

• Question about fixed rate

  Hi I have question about fixed rate mortgages, okay supposing you have a fixed rate of 6% for five years which is say a £1000 a month. My question is, say the interest rate is a 9% even though your paying a fixed rate of 6% will the extra 3% that you dont have to pay, sort of make the term longer, and supposing the rate is…

• Should I move my mortgage. Paying 6.19% with Chelsea

  Hi I have 17y10m remaining on my mortgage. The current outstanding amount is circa 56k. The mortgage is with The Chelsea and it's fixed at 6.19% until October 2012. Early repayment charges are 3k. Would I be better off moving to another provider? I have 4k in an ISA and could easily have a few thousand in my current…

• UCB Variable rate

  Hello, I have a 5.64% Loyalty 2 year flexible fixed rate mortgage with UCB Homeloans. The Fixed period ended 31st Jan 09. UCB sent me a letter that from Feb I will be on Basic Mortgage Payment (4.79%). I was checking today on Nationwide web site and they say that their Base Mortgage Rate is guaranteed to be no more than 2%…

• Re-Mortgage - Bad credit history

  Can anyone help me find a decent offer from a Mortgage company. We have been advised that we may not get one from the high street but are investigating our opptions. We did have arrears on our Mortgage but have paid them off and not been in arrears for over 12 months. My mortgage advisor has only come up with one offer…

• Endowment selling quesiton

  My husband had an apartment with a girlfriend back in the late 80's when they split he paid her off and he apartment was his. After moving abroad the apartment was repossessed. The original endowment is still open where do we find out what it is worth and does the ex have any rights to it since she was bought out?

• How do I work out the best deal?

  We are thinking about extending our house - have had plans drawn up and so on. We are currently on a 4.99% fixed rate with NR until December 09. If we change our mortgage before that we will incur charges of around £1500. I'm looking for a reasonably long fixed rate - 5 yrs, maybe more, but with the flexibility to overpay…

• What are Northern Rocks penalties?

  We fixed into a 5 year term, we have until December 2011 to go. How much would it cost us to switch to a variable rate? What percentage will the penalties be/charges? Cheers :)

• Offset BTL Mortgages?

  Do they exist? QT

• Low interest rates - for how long?

  I know, I know, how long is a piece of string! What do people on here think though? How long do you think we will have low interest rates? Months? Years?:confused:

• Advice with mortgage - I've been collared.

  Hello Folks, I am with the Scarborough Building Society. Currently my mortgage rate is 3%. (I understand this to be quite a good rate) Unfortunately, it has been at this rate for a few months now because it has a 'collar' on it. A collar is (I believe) a minimum rate that the society refusses to let my rate go below. I…

• Where can I find out current SVRs?

  We are on a three year fixed with First National (although the DD registers as GE money?) We have another year of it to run, but I'm keen to budget ahead if we move to the SVR (as DH's credit rating/ newly self employed status may make it difficult for us to get a new deal... :mad: ). Through a considerable amount of…

• Bank Of Scotland Svr????......

  Hi all Does anyone know if the Bank of scotland has reduced their SVR from 4.84% after todays BOE rate cut?

• Is A&L current SVR competitive? Should I change?

  I have a standard Alliance and Leicester repayment mortgage and am paying I think 5.34% interest since January 2009 (I have not yet had the letter telling me this). I owe £21,000 and it has 11 years to run. I retired last year on a modest pension but my partner is still in work and earns a reasonable living so we do not go…

• Higher Lending Charge

  Sorry, yet another question! I understand (both from bank publications and from the MSE guide to mortgages), that a higher lending charge ("HLC") is payable on certain mortgages. I understand that if the LTV is less than 90%, the lender will pick up the cost of the HLC, and if the LTV is more than 90%, the borrower picks…

• Trackers, collars and the new rate...

  Hi All, I have a tracker with the Earl Shilton. It has a collar of 3%. They sent me a letter a while saying that the collar is 3% and thats that. Even though lots of other companies are removing or lowering their collars. Thats fine I thought, thats what I signed up for just over a year ago. I was happy then and had signed…