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Remortgaging: Best time to pay off old mortgage
Hi All, I'm normally a resident of the Techie Boards, but paying a visit to you guys today :-) I'm in the process of re-mortgaging and have been asked when I want the new mortgage to start / the old mortgage to stop. I currently pay my existing mortgage on the 1st of the month. Is it too simplistic that I should be telling…
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renting out on residential mortgages?
I called my mortgage provider today to ask what the situation would be if I rented out my 2 bed terraced house to a friend. They said it would mean an extra 1 per cent interest on top plus £100 fee. Is this the norm? They also asked if it would be managed by an agency - I'm not too keen on this as it means an extra 60pcm…
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Extending a mortgage offer.
Hi, I have been attempting to buy a property since August. Due to some incredible apathy and general incompetence, it has dragged on and I'm approaching the deadline for the mortgage offer to expire (31st January).:mad: I would like to know whether anyone has been able in the past to extend their mortgage offer. Searching…
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SVR part interest part capital???
Just came off 3yr fixed term mortgage. Now we are on SVR 3.040% above Barclays Bank Base Rate to give 3.540% at the moment, 27 years left on mortgage. The mortgage is split £90k interest only £70k capital total £160k mortgage currently we payment £609 per month, we can afford to overpay £300 per month we can pay it off the…
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First Time Buyer Mortgage Advice
I am a first time buyer and I am looking for a 90% mortgage 5 year mortgage with no booking fee. I have found this one myself. http://www.rbs.co.uk/personal/mortgages/g2/view-product.ashx?id=fix5224 My current account is with Barclays and I would prefer to stay with them so I want a mortgage where I do not have to move my…
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sub prime mortgage
hi, this is the first time i`ve been on this forum so i`m on here to pick your brains. i have debts of around 9000 pounds and had two defaults over the last 2 years i have been left my fathers house that i am going to sell and split the money with my brothers. this will leave me enought money to pay off all my debts and…
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Retention on mortgage
Hi I am interested in purchasing a house for £170K. I have a £50 deposit. The house needs some work (damp, electric & timber treatment) but I am completely aware of this and fully intend to carry out the work asap. I have applied to the Royal Bank of Scotland for a mortgage of £120K & they are insisting of a retention of…
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HSBC refuse to allow me to go on to interest only. What can I do?
I have a Homestart Mortgage with HSBC - this is now 3 years old. For the first 3 years the deal was to pay interest only and at the end of January 2010 it reverts to capital repayment. I have spoken at length with someone from the Money Management team and they refuse to allow me to stay on interest only for a period of 6…
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Advice needed! Do we have any options!
Hi Im new to posting but have been reading the forums regularly with great interest. Would really appreciate any advice on the following - Our position is that in May 2008 we moved from Kent to Cheshire but unfortunately for us at the time the housing market started to crash and we found it really difficult to sell our…
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6% and tied in until 2017
Hi Folks My wife and I paniked at the state of the economy a couple of years ago and agreed to a 6% fixed rate mortgage untill 2017. I contacted Nationwide to try to negotiate it down and got a bloodied nose on a brick wall. In short we can cancel at a fee of £4532. If we do this and secure 4% elsewhere we would save £323…
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FTB mortgage Tracker or Fixed
Hi, I have just put down a deposit on a new build. I am purchasing a semi for £122K and will put down 20% leaving me with a mortgage of £98k. Due to see a mortgage broker in a few days and was looking for some helpful advise. My monthly disposable income at present is about £2000
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Increasing interest only payment?
Hi, some advice please as this really isn't my field! am currently on an interest only but in a position now to make up the short fall each month. Would it have same effect on balance if I were to just top up my interest only payment to what the repayment one should be? Also when I come to change deals I could switch to…
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Should I pay off mortgage or keep endowment
Hi, Any ideas what would be my best option? Due to separation I need to reduce or pay off my mortgage. The outstanding mortgage is £80000 and is still in joint names. As part of the divorce settlement the outstanding amount will be reduced to £40000. However the house needs about £10000 of work done on it in the next…
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Transfer of Title
I have recently split up from my wife and we own a property together which has a mortgage secured on it in joint names. We are currently in negative equity. I am looking to do a transfer of title so that it is just my name on the property and the mortgage. As I live in the property now and pay the mortgage. My queries are…
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Endowment Compensation Advice needed
Hi A company called EMC has called me today asking if they could take up my case for compensation on an "miss sold" Endowment taken out in 1992. Our mortgage is paid off and I have ingnored the letters over the last few years saying it may not make its target. I guess I am apathetic about it as I have no money worries…
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When to see a broker
Not sure if this is a silly question but here goes.. We're due to put our house up for sale in the next couple of weeks, just finishing off some jobs round the house first. I'm trying to get as many quotes and things in place first while I can, as ideally we would like to move quite quickly due to a baby on the way (and of…
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New Mortgage? or should i transfer existing mortgage?
Hi Myself and my partner are in two minds about moving home. The problem lies with the current home that we live in. My partner bought a house approx 5 yrs ago with his brother being the secondary name on the mortgage. But now that myself and my partner are ready to buy a new home together we're not quite sure if we should…
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10 year fixed ?
hi all my 7 year fixed rate of 4.99% has just finished and on svr of 4.79% and im want to get another long term fixed rate so that i know what im paying out, for security. my house is worth 180,000 and i owe 46,000 with 12 years left. i have done abit of homework on this and found this deal from the principality building…
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Been assigned to NRAM. What happens at the end of my deal??
Hi All, Recieved notification that I have been assigned to Norther Rock Asset Management. Myself and my ex partner still have another 2 years left on our fixed rate deal. I have been making the mortgage payments alone since May 2009 in agreement with my ex. The property is in negative equity so no option to move to another…
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Non status Buy To Let Mortgage
I am looking for a non status buy to let mortgage based on the rental revenue from the property. Can someone recommend a product or provider please.
