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coming to the end of my fixed rate. help!!
my 2 year fixed rate mortgage comes to an end at the end of the month. i currently pay £428 a month with bank of scotland. if i stay with them it will lower to £366 a month at an interest rate of 4.804. could i get a better deal else where?
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Should I sell my Standard Life endowment?
I took out an endowment 10 1/2 years ago when buying my first property. Strangely enough it hasn't performed well and whilst I'd been aware since very early on that it wasn't the best decision I'd ever made I'd been looking at it as part of a 'portfolio' so wasn't overly worried. However, I'm now thinking I could do far…
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Should I leave £1 in my Mortgage Account?
I am about to pay off my mortgage in full & my mortgage company has suggested I leave it open with a £1 balance. This will give the opportunity of borrowing back the amount I have paid over the length of my morgage approx 21 years. If I do this will the Nationwide have a charge on my property, so this could affect my…
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Remortgaging next year but now TUPED!
After almost 10 years with my current employer I am to be TUPED i.e. outsourced to a different company. Same people, same work, same place, different employer. (But I know everything will change really in time) However although the TUPE regulations bang on about "Continous employment" will it be treated as such as far as…
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Where to start with our first mortgage?
We are first time buyers looking for our first morgage. We have a deposit of £28,000, and we are currently waiting for a response to our offer on a house. I earn £27,800 a year, and my fiance earns £14,000. We hope to secure the house for between £105,000-£120,000 otherwise we'll be walking away from this house and looking…
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Mortgage Protection & Pregnancy
How will i be covered with my mortgage protection if I get pregnant?
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MSE News: The mortgage ticking timebomb
This is the discussion thread for the following MSE News Story: "We've all been failed. Mortgages across the country are being overpriced – a ticking time bomb ready to blight the finances of ..." Read the full story: The mortgage ticking timebomb
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Remortgage for ex IVA
Hi all... We did a full and final IVA 4 years ago....since then we have no further credit...no overdraft...no debts...just our mortgage. We had to do a remortgage 2 years ago as the fixed rate we were in was up and we had a right job getting a new one...we went through a brokers who advised us to go for a interest only to…
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Mortgage Interest Rate Protection Providers?
Hi, Does anyone know of any specialist insurance providers who offer mortgage protection against a significant mortgage interest rate increase? I know about Market Guard and Life Assure Online but just wondered if there were any others offering reasonable rates to protect a £500,000 mortgage up to a mortgage interest rate…
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Unmarrried Splitting Up Mortgage Advice Needed
After 12 years together my partner and I are to separate. We have have a joint mortgage together for 6 years. The split was instigated by me - but ideally i would like to walk away and leave her everything (including my share of the equity in the house) and do so in the easiest and stress free way possible. Although I am…
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Nationwide SMR 2.50%
My currently Nationwide 5.18% fixed rate expired at the end of October and, as an existing customer, have moved to their 2.50% SMR (recently down from 3.99%). I now have 71k outstanding, paying £699 over approx 9 years. I can get Nationwides 2 year fixed at 3.99% or 3 year fixed at 4.64%, both with no setup fees. My…
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Seperation Splitting Equity
Ok not really sure where to put this, but after a bit of advice. My girlfriend seperated with her partner 2.5 years ago and they are just getting around to sorting the equity in the property, there isn't masses of money it, but just wanting some advice. We sent a letter that basically said he was due nothing, his share of…
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Unit Linked Endowment - Early Termination Fee
Hi there.. I am looking for some helpful advice, unfortunately with a change in personal circumstances I have decided to cash in a unit linked endowment policy I was sold in 1990.. the value of the policy is around £15k however the firm holding the policy - Country Wide/Irish Life are charging me a fee of £600 for early…
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Remortgage Question
abbey remortgage application refused - wanted to borrow extra £22k some for debt consolidation some for home improvements. Their reason was affordability. Problems were loan redemption figure £9700 but showing as £11925 on credit report, Also my husband earns an extra £1500 overtime from one job (consistent in last 2…
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Mortgage question - separation
Hi, I am posting this question on behalf of a friend who is separating from her husband. SHe is trying to remain in the family home with their children. Her partner has agreed on a settlement amount. She wants to extend her mortgage now to buy him out. She has a good salary and so there should not be any problems with her…
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Shared ownership help?
I dont know if anyone can help. My partner and I have decided to seperate and sell our family home. I should come out with £30,000. Now I am unsure what do? I currently earn about £17-£18k with monthly childcare bills of £550 per month. I do not know if I will be able to afford a mortgage (though I would like to have one)…
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Mortgage In Principle Cert
Do most lenders do mortgage in principle certs still nowadays? I am looking to buy a house and my income includes tax credits, long term dla etc. So to avoid any problems with the estate agents when putting an offer in I need to get a mortgage in principle certificate.
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Historical SVRs
Trying to decide between 2 different banks to go onto a new mortgage now my previous fixed rate has ended. I thought it would be interesting to look at a comparison of historical SVRs from the major mortgage lenders to help me get some sort of guide as to how they have 'behaved' in the past. Does anyone know where I might…
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Changing Title Deeds
My ex partner and I have a joint mortgage, we split about 12 months ago and they signed a heads of agreement which we had witnessed, accepting that in return for me taking on the outstanding debt for the home (which was more than the property was worth) they would relinquish their beneficial interest in it. My plan was for…
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Salary and mortgage application
My employer compensation scheme is as follows. You get a base salary then a number of allowances based on your grade(car allowance, pension, benefits) and you arrive at your total compensation amount. With this money you could buy benefits or have them all paid as salary. On my payslip there are 3 salary amounts. The…
