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Lump Sum Of Mortgage - Please Advise
Hi Guyz I curently have 9 years left on my mortgage, Im just out of my fixed deal with YBS. so Im on there SVR at the moment. I currnetly have £100,000 left which is split half capital half interest only. I have just cashed in two terrible endownments, I have caluclated worst case scenarion I will have about £24,000 out of…
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Woolwich policy change effecting mortgage offer
I'm currently buying a new property, and went to the Woolwich for the mortgage as I already have a mortgage with them on my existing flat. I'm keeping that flat and letting it out when I move, so I was told I'd need get PTL (permission to let) for the existing flat. I was also assured I could port the rate from my existing…
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BTL above 75%
Any pointers for a good deal on BTL mortgages above 75% LTV? Saw one at 80% but interest rate was 7.29%
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Retain mortgage without property?
Dear All, My wife and I would like to move house. We currently have an outstanding mortgage of £135000 with the house expected to fetch £135000 when sold, however we also have a fairly large redemption penalty on the mortgage (~£5000 currently) as we are 2 years into a 5 year fixed rate with C and G. We have money for a…
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Maternity Leave - struggling with mortgage payments
Hi, I'm currently on maternity leave following the birth of our daughter and am consequently on SMP. We are finding it difficult to make our mortgage payments as this is a significant reduction in our monthly income. Our mortgage is with Nationwide. I rang and asked if we could take a payment break for a couple of months…
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A nutty plan ?
Trying to get to 90% LTV for August, we were thinking of building a conservatory anyway. If we do so and use a 0% loan from the company to pay for it, in theory could the added value to the house negate the fact we have a £7000 personal unsecured loan when remortgaging ?
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Mortgage Help!
Hi Looking for some advice please...i have a 2yr fixed with nationwide at 6.49% which i took out on 108k (10% deposit) last August. I am pretty unhappy that my repayments are almost £700 a month as if i had went with a tracker they would be less (stupid mistake but can't predict the future) Basically what im wanting to…
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endowment bonuses very poor, need some guidance
Hi sorry I this has been covered before in some variation but I cannot seem to find the answer for me. I took out an endowment mortgage back in 1986 and the mortgage is long gone as I moved but kept the endowment going as an investment. I believe it is a with profits policy. I have a new repayment mortgage for about £70000…
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To fix or not?
Is now the right time to fix my mortgage before the steady climb back up in rates or will rates be low for some time, I am considering a 3 year fixed deal and really dont know what to do???
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Homeowners urged to switch to fixed-rate following base cut
Quote from article: Mr Boulger added: "Sooner or later rates are simply going to have to rise, and rise sharply." "Whilst convincing someone who is currently paying next to nothing to take a fixed-rate … is as challenging as selling ice to Eskimos, in the long-term there is every possibility they will be better off."…
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Mortgage applications
Hi, We have had an offer accepted on a house, and this weds/fri we are visting 5 banks to look at their mortgage deals and decide which is the best for us. (we have two mortgage in principles from hsbc and nationwide). My question is, someone commented that the more banks you visit, and the more your credit history is…
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Please Explain 'Borrowers Rate'
Hi There I am looking at a Natwest 2 year fixed rate mortage and dont fully understand the terms and conditions. I would be grateful if someone could explain the meaning of 'borrower's rate' to me!? The clause I don't get: '3.44% Fixed to 31/05/2011; Reverting to an Existing Borrowers Rate of 4.00% for the remaining term…
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Mortgage arears charges
Can anyone tell me if its possible to reclaim mortgage arears charges. Im being charged £50.00 a month for the privilage of being in arears and not having a direct debit set up.:mad:
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mortgage advice, will anyone touch me for a mortgage.
hi i will start from the beginning. around 6 or 7 yrs ago i had a good solid job. so i decided to buy my property, i got a really good price of around £37000, as you could imagine i snapped it up on an abbey fixed rate for 2 years, and i am continuing to pay this off at a rate of 5.4% which i feel is fine. here is where…
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shared ownership just 3 to 5 per cent of shared owners are able to move on to another
http://www.insidehousing.co.uk/story.aspx?storycode=6501770 Shared ownership is failing to act as a stepping stone to full home ownership, leaving many people in worse positions than if they lived in other types of housing, researchers have found. A Joseph Rowntree Foundation investigation shows that only a very small…
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Mortgage £100 more than what was on offer?
I have a mortgage with Nationwide and we recently borrowed more money to purchase a bigger house. Our mortgage offer came in December and all looked fine, moved into the new house in Feb and last week we recieved the breakdown of our new payments. They are £100 more than what was quoted on the original offer back in…
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How to calculate savings/costs?
Help needed to get my head around the calculations: SRV for mortgage is 3.5%; an offered Fixed rate is 4.44% (3 years)and the lender is charging £999 to move to this Fixed Rate. An higher offered Fixed rate is 5.04% (3 years) but only £299 product fee How do I calculate the actual difference/cost of the above options? i.e.…
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How to take advantage of lower rates?
Hi, I'm looking for advice re arranging the best deal when my Fixed Term mortage of 5.4% (Halifix) ends in June 2009, some of the options I'm thinking I might have are: a) go with Halifax's new lower Fixed 4.something% (this is very easy to arrange and I've spoken to Halifax about this who advised me to get back in touch…
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Endowment completion
My endowment is ending later this year. I do not need the capital to repay my mortgage as since moving years ago I changed to a Repayment mortgage. I don't intend cashing in the endowment early but wondered if it would be possible to stop paying any further premiums without any penalty?
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Mortgage advice, end of fixed rate soon.
My mortgage has been with Halifax since buying my first home. My current 2 year fixed rate of 5.89% will end in September this year. My home is valued at around £180,000 and I will have about £152,000 left to pay. As the best deals of new fixed rates will probably still require a LTV of 60% in Sept, I'm probably going to…
