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What to do??!
Hi, I'm new to the Mortgage thread, so please bare with me :rolleyes: Anyway, we are currently 2 years into a 3 year fixed rate mortgage deal with Accord and have been paying on a rate of 6.44%. This deal ends next December (2010). The query I have is, for the past few months I've had a few issues with paying back my…
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Fixed Rate due to end June 2010 & no idea what happens next
Hello I apologise if this has been asked before. My husband and I bought our first home together in 2004 and got an Abbey 5 year fixed rate which is due to end in June of next year. Hubby came to our relationship with no money and I had an inheritance which meant that I put down the deposit of £100,000. We did a deed of…
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Abbey - what's the catch?!
Hi All At the moment we're on Abbey's SVR 4.24%. We received a letter from them last week saying the can either put us on a 1. 3.99% fixed rate for 2 years or 2. 4.19% for 3 years or 3. 4.79% for 5 years. In each case there are no fees and we can still overpay 10% p.a. We have (I'm guessing) 85% or 90% LTV - so my question…
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Northern Rock - Together
32 years left Current mort £70k, unsecured loan £5.5K, it's interest only. Hope to change next year after we get wed - looking for a new house. House value circa £76K I'm on 4.78% SRV and have £5.5k spare so i was going to clear the £5.5K. Would most folk be in agreement that this is the best course of action? I assume…
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Mortgage Sickness/Unemployment Cover
Hi all, I'm a first time poster but a regular lurker on here. I wasn't sure whether to post this here on in insurances... I've had a policy for sickness and unemployment cover on my mortgage. I've made a few claims, my last one being from an illness from which I have yet to recover. The insurers paid out the correct amount…
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Loan to pay off mortgage - good or bad idea?
Hi there I'd be grateful if you could give me your thoughts on what im thinking about doing please? Currently I owe approx £9,000 on my mortgage which has 4 years remaining. At the end of this time I will have paid in an additional £7,000 plus there will be a shortfall of approx £7,500....total to pay £14,500. At that…
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Foreign currency mortgage
Hello! Does anyone here have any experience or care to share any advice on a Foreign currency mortgage. I live in Spain and have been told about a Euro to Yen mortgage. Many thanks, S.
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First direct mortgage - will change of job impact me?
I would like to move house soon but will be made redundant in a couple of months, though I have another job lined up already. Would changing job be likely to prevent me from getting a mortgage in the current climate? If so would it perhaps be better to arrange the new mortgage now before made redundant (assuming of course…
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Mortgage Life Insurance: We dont think we need it
I'm trying to understand if it is worth getting life insurance/assurance. I undertand that it is not compulsary, just highly recommended by most people - but why? Me and GF are FTBers, buying as Joint Tenants. Mortgage with HSBC. No children. From the HSBC mortgage offer T&Cs, it says that if either me or my GF dies then…
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Paying a lump off a mortgage
Hi - we have an interest only mortgage - and we want to pay a couple of thousand off it - is there a best time to do this? if so, when?? thankyou !!
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Mortgage
My husband and I have been unofficially separated for 18months. He lives in rented accommodation but had agreed to stay on the house deeds, mortgage and endowment (very low as house has only 3 years to run on original mortgage of £25,500). He also pays minimum child support for 2 children. He has now decided to remove his…
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Which mortgage / advice please
Currently need to re-mortgage away from NR. Property value £170,000, we owe £138,000 so LTV of ~81%. Anyone know of any good fixed rates that would suit us? Also would getting the LTV below 80% help at all? Cheers, Peter & Vicky.
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Planning ahead as FTB, any advice helpful!
Hi all A couple of quick Qs really. Me and OH currently rent but are eventually hoping to buy - not right now but in a few (bit vague, at least 3 but quite possibly more) years' time, mainly because we don't have a deposit saved. We have worked out provisionally that we could start saving around £400 a month between us in…
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Got a BTL Agreement in principle mortgage, can I get a loan now?
Hi there, I managed to get an agreement in principle on a BTL property. Here are some details: property value: £150k, 25%deposit, borrowing £112500 over 25 years. The question is: I haven't got the deposit, so I was willing to get a secured loan on the mortgaged property I live. Based on your experiences, would that work?…
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Barclays to Woolwich: payment processing time? Also: view mortgage on-line?
First question - payment processing times: Are payments from Barclays accounts (specifically a Mortgage Reserve Account) to Woolwich mortgages treated as internal transfers - are they done instantly? I ask because my Woolwich mortgage sort code isn't enabled for Faster Payments, but my Barclays Mortgage Reserve account is…
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Cashing in Standard Life Endowment After Advice From IFA?
I would be really grateful for some mortgage/endowment advice. My fixed rate mortgage expires in Jan 2010. Current rate is 5.75% with Standard Life. I have a LTV of 60%. Mortgage outstanding is £150,000. Mortgage to run for a further 18 years. I took out a Standard Life endowment in 1995 to pay a target sum of £57000. This…
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Abbey: maturing mortgage, but what have they done?
Endowment mortgage, maturity date was last Monday, 16 Nov. Sent back their instruction form, which had various options and sub-options -- I've put our choices in bold (and added numbering to make it clearer). INSTRUCTION FORM Please let us know how you wish your maturity proceeds to be paid by placing a tick in the…
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Best Type of Mortgage for First Time Buyers
My son & partner are first time buyers & have a deposit of £15,000 & want to buy a house for approx £165,000 – 170,000. We are willing to help increase the deposit poss to max 25% deposit or to stand guarantor. They can afford to pay approx £700 – 800 per month & could poss cover £1100 max per month if rates increase…
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Mortgage Plus a loan??
Hi all, I've been doing a lot of digging but am finding it hard to find any information so need your help. I am a first time buyer with my partner and have a combined salary of nearly 40k, so have fairly good income but have some debts that are decreasing but we really want to get onto the housing market, quicker than they…
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advice on pre-paid booking fee
5 months ago i secured a new re-morgtage deal with HSBC for a new mortgage to start in late December, the booking fee was £599. Circumstances have changed and my existing lender has agreed a mortgage deal with myself with additional borrowing. My question is can HSBC refuse to refund my booking fee as the mortgage has not…
