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Mortgage exit fee...
Hello, I'm new here so I hope this is in the right place and that someone is able to offer us some advice. My fiance and I bought our house in July 2005, and upon advice from a morgage advisor, we swapped our Cheltenham and Gloucester mortgage to one from Northern Rock in January 2007. When looking at the exit fees, our…
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help with calculations in tax return on rental mortgage
I have the most complex mortgage related calculation I have a base rate tracker repayment mortgage on one of my rental properties. How do I find out how much in this year I have spent on interest repayments (an expense) and how much I have on repayments (a profit) Really finding out the interest only component would help…
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What happens to mortgage when you sell before you buy?
Currently have a mortgage with RBS of £112Kish on a property valued at around 190K. We're looking to move up the ladder a little, but in the current climate we thought it prudent to try to sell before purchasing another property (avoiding the worry of bridging loans etc) But what happens to our current mortgage if we sell…
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OFFSET to good to be true?
Hi Guys and Gals! :beer: Our Natwest 5.59% 2 year fixed deal has finally come to an end. This is our first mortgage and we have 23 years left to run :( Ideally we would like to pay off our mortgage ASAP, so with this in mind I’ve been looking at moving to an offset deal. We have approx £110,000 outstanding on our mortgage…
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Halifax re-mortgage
Hi all I'm looking for some help. My current Halifax fixed rate ends this month and I went to see them about re-fixing for another 5yrs. I was offered 4.62% - rather than the 4.44% I found on the internet. Apparently this is because they are valuing my house at £145k whereas I have estimated £185k based on local house…
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endowment
hi all im new to this and was just wondering...... i took an endowment mortage out in 99/2000 for approx 29 000 with scottish amic .. initial endowment payment was 55 then i chose to pay a topup option to ( pay the capital off earlier !! ) (supposibly 12 - 15 years) so i now pay 79 pounds per month as it was 5 pounds per…
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Equity Loan to Mother-In-Law. Advice Please
Hello, My mother-in-law has asked me to lend her £5,000. In return on the event of her death £10,000, would be paid to me from the sale of her property. This £10,000 would be initial £5000 plus cover fees, interest, solicitors fees etc.. In her will, I am also left a half share in her property. The £10,000 would be taken…
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buy to let mortgage - minimum deposit expected?
Ive seen a lovely house at a great price that I would like to rent to a family member . Anyone any idea what % of deposit is likely to be needed in the current climate?
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Is it a no brainer to stay with B&M?
I am currently on an interest only tracker mortgage,(-0.81% below the BoE rate) which means my payments are currently zero. This ends in June and after that the rate will rise to 2.49%(+1.99% above the BoE) and my payment will be £130. I have been saving separately for 2 years and will pay a £6k lump sum off the £62k…
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Morgage ISA
Hi All, Could do with some guidance. I have a Morgage ISA, but don't currently fill up my annual allowance. Its been running for about 11 years and is estimated to be 11k down on where it needs to be to satisfy the morgage at the end of the term. So thats one problem to deal with, and I'm thinking of just going back to a…
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Further advance when house is up for sale??
Hi Im after a bit of advice please. I currently own a property that is up for sale, ive seen a new place which has just had the price reduced so i know if i dont make an offer asap, its going to go to someone else. I was thinking of taking equity out of my existing property to put down as a deposit on the new place and…
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Credit Card balance affect mortgage application?
Hello, I've been working hard to get my credit file sorted in order to get a mortgage and shortly all my defaults will be removed. However, I've been reading that having a high outstanding % on credit cards will hamper my mortgage finding efforts. My details are: CC1: £3600 balance £7000 limit CC2: £3900 balance £4000…
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Help please! Bank pays mortgage money into wrong account then expects me to pay!
Bank pays mortgage money into wrong account then expects me to pay! Any help on this matter would be appreciated. Here goes! I had been 2 months in arears with my mortgage and managed to repay the arears less £150 at the begining of March. I made a 3 months repayment plan with the bank to cover the £150 shortfall. I later…
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mortgage advice from a solicitor please?
Hello going into a mortgage with my partners dad due to my partners iva. Have lots of questions before I sign the paperwork due to the situation. Went to see a solicitor this morning for free advice but they were very busy. Is anyone on the forum a solicitor who can give me advice? Then I will post questions to follow…
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Porting a mortgage - but keeping both houses
Hello gang, here's a question I can't find using the search button. My partner and I are very lucky in that we have two good incomes and we're pretty good at saving our money (in part thanks to this excellent site and freecycle). We're a couple years into our first mortgage and have managed to save up enough to (hopefully)…
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inital rate or overall cost of comparison
hi could someone explain when looking for a remorgage do i go by the inital rate apr or over all cost of comparison?? just a bit confused!!! thanks in advance
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Credit Reference Agencies
Hello all I have a thread on the Credit Card board which lists which companies use which Credit Reference Agency (CRA) - Experian, Equifax and Callcredit. Link to thread here: http://forums.moneysavingexpert.com/showthread.html?t=1033817 I've recently added a Mortgage section and I'm hoping that I can get some extra input…
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Do I overpay my mortgage or pay my debt down?
We are 1 yr into a 3yr deal with Accord. Basically we moved house in March last year and had difficulty getting a mainstream mortgage due to high debt level and missing a couple of payments in the previous 6 months. We ended up on a good deal with Accord actually, decided at the time though to go interest only for this 3…
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Mortgage par deux
Hi, I was hoping to get some advice from some fo you seasoned folks here regarding Mortgages. My wife and I would like to attempt to buy a property at this slump point in the market. Here's some stats: We have a £50k deposit. My wife is a teacher who earns £36k I am a PhD student who, with any luck, will get £15k in…
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£40 charge for sending title documents/deeds
Dear All, I am preparing to sell my house an my mortgage provider (Cumberland building society) are charging £40 just for sending the deeds to our solicitor! I might be really naive but this jut seems a ridiculous amount of money for a small amount of work - especially given the cost of changing the mortgage from one house…
