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10 year fixed rates vs. low trackers
Hello. This question may have come up a few times before so I hope I am not boring anyone with it, as it is important to me. We are now in the process of buying a property which is 25% off peak price and the house is in a road that rarely comes up for sale as we are in a tiny village. We have a great deal for most of our…
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mortgage payment when moving house
If my mortgage payment is due on the 10th of the month and we move house on the 12th would we still have that months mortgage payment to pay on the 10th, also do you pay your first new mortgage payment 4wks after moving. Thankyou
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Help And Advice Plaease!!!!!!
hi there I was wondering if anybody can help me or give me some advice. I have a fixed term repayment mortgage with Nationwide that finishes in August 2009. After that date I only have 8 years left with £40,000 to pay. I would like to pay it off before the 8 years are up but am unsure of my options as I am most likely…
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Moving to a bigger house.
Hello All, I have my house up for sale but I doubt I will get enough for it to cover the remainder of the mortgage. I can imagine it will only be about £5000 short. My mortgage is with the Halifax. My financial situation is much better than when i bought the house and therefore I would like to move a to a bigger house. If…
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Anyone here with Redstone?
Is anyone here with Redstone? I come off a fixed rate with them in a few months and I'm trying to get some idea of what their SVR currently is. I've no chance of re-mortgaging elsewhere for a long time. Feedback appreciated. Not sure that I will like what I will see as they are a sub prime lender but I would rather get…
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SVR Costs?
Call me stupid but does anyone know what costs are involved (fees deposits and so on) if someone defaults to a lenders SVR mortgage after a fixed rate deal ends? Cheers
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Quick fire mortgage questions
I earn circa 20k p/a. I have about £4k saved. I have seen a property for £119k in my town that I could perhaps bargain on - it's been on the market for a while. I currently pay £575 p/m on rent for my current flat. What are the options available to me? What would I be looking to pay back each month, say over 25 years?
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Endowment - to cash-in or not?
Hi, I've been paying into an endowment since October 2000, which at the time, I took out to cover part of a mortgage. I no longer have the mortgage, but am still paying into the endowment, however, I have been notified that there is a significant risk of a shortfall on the policy (in fact, they've been telling me that for…
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Remortgaging - more equity to add but high ERC
I am on a three year fixed interest-only at 5.99% with UCB (was part of Nationwide, now bought out, I've just found out!) It expires on 30 September 2010. The remaining balance is £199,515.98 (I had a £35k deposit), purchase price £234k in Sep 07. The early replayment penalty is £9965.98. This applies if I transfer before…
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First Direct Fixed Rate Mortgage
I phoned First Direct to ask about the fees for cancelling my current fixed rate mortgage at 5.49% and transferring to their current fixed rate mortgage at 2.99%. The man very nicely pointed out that as I took out my mortgage before 2006 that I had a mortgage rate guarantee. What's that I said. The variable rate is…
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Self certification remortgage to pay off loans?
My wife and I have a self certification mortgage with northern rock for £80k, taken out about 8 years ago. The house is now worth about £180k. Could we remortgage to £115k to pay off £35k credit card debt? The good news : we've got an excellent credit record and haven't missed any mortgage, loan or credit card payments.…
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Split with ex - Mortgage options
Hi everyone, Ok here's the background, i've recently split with my ex gf, we both own a house together. Ideally i would like to buy her out, but as its a joint mortgage i just wondered what the process is regarding the actual mortgage following a buy out? Transferring it into my name etc etc. The mortgage expires at the…
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fixed rate mortgage
Hi, I have read 3 pages of threads and dont think I can find all of the answers to my questions, so hope you dont mind me posting a new thread. I took out a 2 year fixed rate with the Hali which finishes in June, so I obviously intend to see it to the end, but am struggling with the decision on what to do next. I have read…
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Nationwide won't let me come out of fixed
Just rang nw, asked to move onto base rate and pay the fee applicable becuase it's going to save me. Their answer "we are not allowing members to come out of their fixed rates at the moment". Are they allowed to do this, I am quite happy to pay the fee! When I said "presumably I can end my mortgage with you and go to…
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Ditch the Fix Calculator
It's a shame the Ditch the Fix Calculator doesn't cater for those of us with a Fix of more than 5 Years. I've got 8 Years to go on a 10 Year Fix, so the claculator's useless for me.:cry:
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Fixed Rate Mortgage.
In September 2008 i bagged myself a mortgage fixed at 6% thinking i had got myself a good deal, little did i know what was round the corner. Rates hit the floor now i find myself stuck with a 6% mortgage with a £3000 redemption penalty. What should i do?
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Fixed rate mortgage- should I switch?
Hi, We are in the middle of a 5yr fixed mortgage with RBS. Am currently paying £1116.70 monthly @ 5.65% fixed till 01/01/2012 and also £323.83 @ 5.99% fixed till 30/04/2013 ( This was a home improvement loan). Our house is valued at £270000 roughly. What I need to ask is- should I move my mortgage? We are liable for a 3%…
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Moving house and morgage
Hi l am trying to sell my house and move to another area where l have a job. My house is on market for £169,950 (just dropped it £10,000) I have a outstanding mortgage of £59,000 with nationwide fixed rate for 5yrs with 3yrs to go. l do not want to increase my mortgage just transfer amount owed. l guess l must be naive ,l…
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Overpayment/cash advance mortgage question/Nwide
Hi To have some work done almost 3 years ago we took out an additional cash advance from Nationwide (like a 2nd mortgage) for £15k. This is at 5.14% fixed and as I've been overpaying, there is approx £6k left. As the 3 yr term is coming to the end in around May/June and will then drop to the SVR which will hopefully still…
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Mortgage timescales
Hello, Could someone advise how long each vendor take on average to approve mortgage? 1. First Direct 2. HSBC 3. Natwest 4. Nationwide 5. RBS 6. Lloyds TSB/Cheltnam 7.A&L any ideas please? thanks
