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Overpayment Calculation Help
Hi Everyone, I'm trying to work out how much paying an £8,000 lump sum into my mum's mortgage will save her on a yearly basis as well as over the full term remaining but can't find a mortgage calculator that covers everything I need. Her mortgage is part repayment and part interest only and has 3 years and 7 months to run…
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Joint Mortgage with First Time Buyer question?
If I was buying a property with a first time buyer, as our joint incomes would easily be acceptable for the amount of the loan, but I already have a mortgage on another property; how would this be viewed by the majority of lenders? Could we still possibly benefit from any first time buyer deals/rates? Would my existing…
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Mortgage express (bradford and bingley)
HELP! Mortgage express have taken over my bradford and bingley mortgage and they are USELESS!! Has anyone else had dealings with them? Just feel the need to rant about them!
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Additional borrowing on mortgage
I'm not sure i am posting in right place but loans thread didn't quite seem to fit with my question so hope it's ok to post here... We have 14k unsecured debt (credit cards) which we are considering taking out additional money on our mortgage to pay off. Have been rate tarting and moving round the CC debts for a while but…
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Natwest have just pulled my offset credit line
I have a foundations mortgage with natwest for which I had built up a large credit balance which I am currently drawing down against building work that I'm having done. I have recieved a letter today from Natwest saying that with immediate effect they have reduced my credit line to match my current outstanding balance. I…
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Mortgage renewel
I have a 3yr fix coming to an end in Jan'10 Unsure whether to go Fix rate or tracker route. Is it possible/sensible to do half and half? Will be planning to move house in next 3 years. thanks.
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Mortgage advise needed please
Hi There, This is my first post I am new to all of this. Me and my partner recently applied for a mortgage with Lloyds for £97,500 at 75% LTV which we received in principle approximatly 3 weeks ago. The offer on the property we want was verbally accepted at this time also. Getting this mortgage was a bit of a struggle as I…
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I need help with Total protetion enquiry asap
My Wife and I are in the process of taking out our first morgage with the HBOS they have quoted near enough £100 PM for a total protection policy. This sounds a hell of a lot to be paying can anyone please advise me if this is the going rate? can I get this cheaper anywhere else and if so where? This is all very new to me…
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Abbey Mortgage Offer
Hi, My first post. Just received a letter from Abbey offering me a 2 year fixed rate at 4.19%. Now that may not seem weird to you but let me explain. I'm currently on their SVR of 4.24% and my LTV is about 88% So what they are offering is to fix my current mortgage at .10% under the SVR for NO fee and NO cost at all.…
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Wifes credit rating
As well as my issues with "Click n go mortgages" (detailed in another thread) I am having real problems getting a mortgage. My credit report is average with a couple of late payments and one default for £571 paid off earlier this year. I have got a 25% deposit and have been accepted in principal by three lenders only to…
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2 year fixed - ending soon
As the title suggests, my 2 year fixed is due in February and ive got mortgage consultants coming out my ears! grrrr! My mortgage is with Nationwide and according to their paperwork/website, if I simply do nothing, then i'll default to the base rate of interest + a maximum of 2% with the current base rate being less than…
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New to this mortgage malarky!!
Hi, I was looking for some advice please? basically, me and my OH have very recently applied for a morgage with RBS (on friday may i add!) the mortgage advisor said it was agreed in principle and we paid our mortgage advisor fees and left feeling positive i suppose. it is a mortgage of £108,000 with a deposit of £12,000…
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Mortgage company charge for taking insurance elsewhere
My mortgage company Norwich and peterboro building society are trying to impose a £25 'admin' fee on us for opting to take buildings and contents insurance with someone not on their select panel as its cheaper. Is this legal, i would have thought this was a restriction of choice and at best immoral, but i would seriously…
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Bit of a dumb question over mortgage
Hi there, If one has an interest only mortgage say for arguments sake is 600 per month and say the repayment is £800. If you put that extra £200 in a savings account and pay it off in lump sums to the mortgage company would you pay the mortgage back at the same time as if you were paying the mortgage company £800 per…
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LTV ratio help
For give me if this is a no brainer... at the moment (36 weeks pregnant) I feel like I have no brain!! Have just spoken with mortgage company. We are on IO mortgage fixed rate ends in July 10. We bought our house for 164K and took out 90% mortgage. The mortgage lady has said our LTV is now 111%... can I work out the value…
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Endowment - cancel or leave
Hello all. I have an Aviva (was CU) policy. End date 28/03/2021 Target 77200 Premium 136 monthly (inc CI) Current surrender £17107 4% 47300 6% 57200 8% 68900 Mortgage at 1.99% at the mo. Promise max 8612 Any thoughts?
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First time buyer: cheapest ~85% mortgage?
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Releasing equity advice please..
I hope someone can advise us on something which is just a thought at the moment. We have a home and are mortgaged. Basically we have been on a repayment mortgage for the last 9 years and have been making really good progress in getting our mortgage paid off sooner and as a result now have a home worth aroud £240k and a…
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Interest only re-mortgage through a Guarantor
Hi I was wondering how anyone who was in a similar position had found the re-mortage experience, namely been out of the fixed 2 year period for about a year, on the SVR which is good for now, but when I took out a mortgage it was 90% Guarantor Interest-only. Has anyone in this position tried re-mortgaging recently and how…
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serious financial advise required
i currently have a woolwich mortgage with no issue or late payments
