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Pay off half our Mortgage question.
We currently have a £70,000 mortgage with ING Direct, (Straightforward repayment no ties or redemption penalties) this works out at £370.00 P/M. Would it be possible to pay £35,000 off the loan, therefore reducing the payments by 50%, ie ~ £185.00 P/M. Or is it just not that straightforward ! Many thanks in advance
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Refused - Excellent / Good credit rating
Who do I go to? I have an existing mortgage but today my lender refused me and my husband a new one on poor credit rating. We both had an immediate panic and checked experian - my rating is excellent (best you can get) and his is a few point below, just dropping into the good category. Three months ago he was a couple of…
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Moving the goal posts???????
As I have posted before in an earlier thread we are first time buyers, buying a house in Leeds for 106K Originally, we were offered a mortgage with Halifax for 80% of the value on a 2 year fix the conditions were that we paid off two credit cards We have 3 cards: Mint with 8K Natwest with 6K LloydsTSB with 5.5K (yes, I…
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Can you cancel a repayment vehicle shortly after getting mortage?
Hi, We are moving to upgrade and are considering borrowing the extra money as interest only, keeping the current borrowing as repayment. Our reasoning is this: We are currently speniding a lot of money each month on childcare, and that will be freed up in Sept 2011. We need to upgrade anyway, and if we can't afford to do…
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Mortgages for adverse credit
Hi Can anyone help, are there any lenders out there today who are prepared to lend to customers with an adverse credit report. We need an mortgage ASAP and don't want to waste any time and maybe even make credit report worse by going to lenders who defo will not help. All help/suggestions gratefully received
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Who is right, my Mortgage Advioser or my EA?
Hi all, My EAs wanted me to have mortgage arranged in place (Writing in Principle) before I make my offer. This will make my offer more serious and better chance of getting accpeted. However, when I call my mortgage advisor (recommended by Martin!), he suggested not to have it as it costs and affects my credit score. He…
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Mortgage refused
Hi just after some advice. In 2001 I was a student and run up some debt (approx 15k) on store cards/credit cards. As i was only working part time I decided to go to a debt management company Gregory Penningtons. (I never missed any payments before I went with GP, I only went with them because I had no life for paying the…
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Fixed deal escape?
Hi, I've got 1 year still to run on my current 2 year fixed rate deal. My annual statement came in and my bank did not start my fixed rate deal as agreed, and in fact started it 50 days late. On the statement there are various interest 'adjustments' that have been made of which there is no explanation. Presumably this is…
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Is it possible?..
I separated from my husband in March. The house is mortgaged in joint names.. currently it isn't being paid. I haven't had any money from XH this month as he has moved into a house and I can't actually be bothered to nag him.. this won't be happening again. According to the CSA website he should be paying me £430ish a…
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Interest only Mortgage
Sorry if this seems a daft question but i have gone to an interest only mortgage ( for a year or so ) and i was wondering if i had some extra money at some time:rotfl:would i be able to pay off some of the mortgage balance or as i am on an interest only mortgage would it just come of the interest
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Re-mortgage - do I, don't I?
Hello! Should i stick with my high interest rate mortgage or switch to lower interest rate tracker (and increase my overal mortgage debt)? Currently;- - Mortgage debt = 192K - Property valuation = 222K - I'm 2 years into a 5 year fixed rate mortgage with Halifax. Interest is 6.59% with monthly payments of £1350. Want to…
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Some Assistance
I live with in my parents home and although the mortgage is in their name i actually pay for it. The current mortgage payment is £280. With an increasing family and the want of my parents for us all to live together they agreed that we should build an extension and also do a loft conversion. The current outstanding…
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First time buyer with 25% Deposit...
Hi all, will keep it brief for now as im leaving for the mortgage meeting now to see what the amount we can borrow is, however scenarios is... Looking for £100000 house, £25000 deposit, assuming we are earning enough to get the £75000 mortgage what is general advice on best product? From what weve seen the best tracker is…
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First time buyer with slightly unusual circumstances
Hi All, I'm 25 years old and currently live with parents. I am in a good job earning approx £36k (that's guaranteed, I get a bonus of approx £5k in addition dependent on my performance). I've also managed to amass savings of just under £25k. I'm now looking to get my own place for the first time and would love some advice…
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will nobody help us?
sorry but i need to vent this out after my 4th phonecall to different lenders all singing from the same hymn sheet of we cannot lend to you or we can only lend £7k or £23k we have aplied to a scheme called LIFT which is an open market shared equity scheme in scotland. (takes cover while whole board slates this) we have 3…
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My 1st mortgage payment
I move to my own house on 7th August 2009 and am aware that my 1st mortgage payment will be over the amount i will normally repay which will be £620 per mth. The interest rate is 5.74%. As my maths isn't up to scratch can some helpful soul solve my problem? Many thanks in advance Lots of views and no reply..... Im fearful…
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how do i find out who owns a house / which mortgage comapny has the deeds?
I know of a house that has been repossessed, how do i find out which mortgage company has the loan against the house , i knows its possible , but just not sure how. anyone help please. thanks
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Mortgage which takes into account parental savings?
Hi, I think I remember seeing someone mention a mortgage on here which is available at a high LTV but which takes into account parents savings held in another account with the same bank to get you a better deal? The actual savings are not at risk in any way though as they are not used to guarantee the loan. Can anyone…
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Halifax mortgage deal coming to end now SVR
My Halifax mortgage deal ends this month and then goes onto SVR. I am currently on a tracker paying 0.5% or just over. My repayment on the SVR is almost £350 more a month on 90%LTV. I cannot see any deals that are any better than SVR - can anyone help? Thanks Jamie
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fd consent to let
will be calling firstdirect tomorrow as I have been transferred to swindon. Will be seeking consent to let for my flat . Wish me luck ? any body else's experiences would be helpful
