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Keep up big repayments to my father-inlaw or overpay on my mortgage?
Hi there, Could do with some advice on where I should be putting my money. Current situation: * Mortgage balance of £85k on a tracker +0.5% (britannia) with the option to overpay, 20.5yrs remaining. * V.flexible loan from my Father-inlaw (made up most of the deposit for our house) with balance of £36k, fixed at 4% interest…
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Switching from a interest only to repayment
Hi there, New member and first post but have been lurking around for a while! My girlfriend and I brought a new build house in October. It was a 95% mortgage with the Halifax with the builder paying the 5% deposit. We decided to go for an interest only tracker mortgage which tracks 2.2% above the base and has no collar. My…
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Mortgage progression
Hi all, Right heres the score. Me and my girlfriend have bought a house under the government homebuy scheme, 75% mortgage 25% HomeBuy loan. Right government side is sorted, I have got authroity to proceed which a copy has been sent to solicitor and developer. Mortgage with Halifax has requsted a valuation (this week) and…
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endownments
are insurance companys adding terminal bonuses i have a 25 yesr old policy maturing on the 1 of july
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Mortgage Process HELP
We are currently re-mortaging with Halifax. I applied over the phone on Tues/ Wed last week. Was sent a letter with all the details to read through and advise them if any problems. We then had a letter from a solicitor saying they were handling the re-mortgage and then a phone call from surveyors saying they were coming…
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NHS Mortgages
Just wondering if there are any special rates for people who work for the NHS on mortgages, I can only seem to find this site: https://www.nhsmortgageservices.com/index.asp It only seems to mention about shared ownership which I don't really want, would prefere a lower interest rate, or pay less deposit if anybody knows…
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Previous Bad cred, 50% Deposit Mortgage?
Hiya, My partner and I are looking at buying a cheap house as we live in South Wales, we have found a little terraced house for £20,000 and we have £10,000 to put down, we both earn £12000 a year. 3 years ago I had some bad credit, I had a couple of cards which I ended up defaulting on, 12 months ago I cleared these. Will…
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which mortgage companies offer for shared equity?
Hi there guys I have recently seen a fantastic new build flat where the builders are offering 70/30 shared equity (no rent payable) and I am really interested. I know alot of people have said to stay clear of these deals & new builds but it really suits my needs also the price of the flat is £20k less than the average new…
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Mortgage advisors
Hi All, Can anyone recommend good mortgage advisors/ brokers who can try to find the best mortgage for me ?. I know of Charcoal , but just wondering if anyone knows of others. Thanks
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Urgent help required!
Our fixed rate ended with Future Mortgages in March. We took out a new product with the Nationwide in March for £232,000 - we were approved for a mortgage with them at that point to a value of £530k. We have now sold our house for £249,950 (bought it for £242k) and want to port our Nationwide product to a new house which…
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Council tax
Hi Guys Dont know if this is the right place to post this. I need some help. My colleague at work is in a sticky wicket. And I dont know what to advise him to do. He moved to Edinburgh 4 years ago and was flat sharing with someone, the 'flatmate' moved out and moved to a new property, took out the rental agreement in my…
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Advice needed - remortgage
My husband and I bought our first house in March 2008 for £155,000 on a 100% mortgage. We took out a 2 year tracker with RBS which is due to end at the end of Jan (trying to do a bit of forward planning!) and we are currently paying at 1.5%. Given the general payments and overpayments we have made and are yet to make…
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Getting a Morgage with a Loan
Hi all, Quick question for you lovely people, Will having a loan effect the amount of money we could borrow? I have around a year left on my loan, we have no problems staying at home until its been fully paid off. Just wondered if it effects it at all Cheers Lee
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Model customer, yet Abbey no longer want my custom!
My job has recently changed (going self-employed) so my family no longer need to live in Wiltshire. We intend to move back to London to be nearer friends and family. When I called Abbey to start the ball rolling they basically said they can't move the mortgage (which expires in Jan 2010) to the new house as I don't have 3…
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Releasing endowment Help ?????
I currently have two Endowments Endowment 1 =£10000 Endowment 2= £3000 I want to transfer them to an ISA How easy is it ???? Will i have to pay any fees ???
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Defective Loan Facility Agreement
Hi All I have a loan facility agreement from mortgage express which is defective in two major respects 1. Interest rate in the agreement is defined "as per table 1 below". Problem is there is a table but is not labelled table 1 2. Interest rate in table says rate is base + 1/50% but i have been charged base + 1.5%. Base +…
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~Comparison sites for mortgage deal end?
Hi All, Our mortgage with Nationwide is about to end. We were on a 5 year fixed at 5.09%. If we do nothing we will drop to the BMR at 2.5%. I'd like to look around to see what deals are out there but not sure if comparison sites are any good and if so which one's I should use? If I use a comparison site, would I get credit…
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Bad credit
My partner and I have a flat that we want to rent out and then we want to get a house. We recently applied to get a buy-to-let mortgage but we've been turned down due to my partners bad credit rating! He had two defaults on his credit rating dating back to 2003. I beleive that these only stay on your file for 6 years so…
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Endowment - Have we been missold ??
Hi We have an endowment for part of our mortgage. Initially the endowment was for £25K. We then extended the endowment to £30 so an additional £5k. We were sold this on the basis of a savings product. I can still remember the advisor going on about getting a good return and how he'd got one for his daughter etc etc. We…
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Fair Settlement ?
Hi My 25 yr endowenent with General Accident - now Norwich Union is to mature in 18 months. I have paid a constant £22pm & the target amount was for £17.5k. Obviously I will receive a lot less than this now - but how much?. My point is- that a number of years ago, the now-defunct Eagle Star were settling endowement claims…
