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Should I look for a new mortgage deal ??
I am in a fixed mortgage until the end of July 2010, I am with the C&G and my current rate is 5.9 % but will change to their variable rate (2% above the Bank of England Base Rate) when my current deal expires. The mortgage I took out was for 162k and I have only been paying the interest for the past 2 years (as I was a…
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Mortgage choice - any advice, please?
Hi I know this probably boils down to how soon I think interest rates will rise, but here goes. Fab tracker deal with Abbey is coming to an end in March. Will be looking for a deal on £150k. House is worth £350k +. Working on an interest only basis but paying in £1300+ a month so need the facility to do this without…
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Which mortgage shall I go for?
My 2 year tracker ends in March. I can go onto Halifax variable 3.5% or opt to go into another 2 yr tracker (2.64%) or a 2 yr fixed rate (4.89%). What is the general thought on interest rates. Are we going to see them stay low for a couple of years or start to go back up?? I know there aren't any crystal balls out there,…
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Mortgage Choices for a Student
Hello! So I was just wondering if anyone knew the best thing to do in my situation? I'm with Nationwide on a Tracker mortgage at the moment (which is lush) so my interest rate is 2.08%. I got it two years ago when i was in a stable job but I'm coming to the end of that in the next few months. Anywhoo in September I went…
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some advice needed
hi folks , had some exciting news from northern rock ,were officially in the bad bank woohoo (love it as we didnt take 100% mortgage and never missed a payment ) my problem is i contacted NR and had been speaking to them about renting out my property for 1yr as going to dublin to work .theyve now decided that they will not…
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'Moving' Mortgage
Hi all, a quick question.......an example scenario... we have an interest only mortgage of £100k we sell the house for £90k, so we owe the bank £10k. we buy another house for £150k. Can the £10k that we owe the bank from the first mortgage be 'taken' with us and added onto the new mortgage, or must it be paid right away?…
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mortgage promise
went to see mortgage advisor yesterday at bank we currently have mortgage and our bank accounts with. (halifax) Gave us a mortgage promise for a mortgage. We asked what the next process would be when we had sold our house and was advised to just go back in and he would print it all off and just to sign on the dotted line.…
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Taking a Mortgage Payment Holiday
Does anyone have any information about the pros and cons of taking a mortgage payment holiday for upto a year. I'm due to start maternity leave soon and would be eligible to take a mortgage payment holiday and am very keen to give ourselves a 'breather' as money is very tight and we are slipping more and more into…
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Renting without permission of mortgage lender
Hi all, I will keep this as simple as possible even though it is a very complicated story. I own a house that I have bought from my ex-husband after he went bankrupt (I actually bought his interest out from his Official Reciever). Since then I have kept all payments up to date etc. However, I have had someone in the house…
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FTB Mortgage; Something on credit or Credit card??
Hello, My lodger has approached me about buying my flat, it appears he thinks lodging is a waste of money and even though I explained owning a property will cost more he says he would rather have it that way. What he asked me to do was work out the best way to improve credit score. I did phone up the council and put him on…
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Mortgage coming to an end
Hi my endowment mortgage is nealy finished i pay off half in Oct this year then the other half in the next 2 years, hard to believe thats nealy 25 years over. Well in Oct i have 2 policies up and i'm expecting a shortfall but not expecting that much and i'm saving hard to have some cash to cover the expect 2500 shortfall…
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Do we stick with current lender or move??
When we took out our current mortgage one of the things that sold it to us was the fact we would be able to take a mortgage payment holiday of up to 12 months. We were hoping to do this from March for a year as I am due to go on maternity leave. Unfortunately after speaking with the lender today they cannot let us have a…
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Am I being to hopefull?
Any advice welcome but I am not sure there is any! Currently we have a mortgage with Future (part of Citi Bank for those people with slightly less than perfect back ground) and I don't mind the company just the ammount we are paying per month! The property is worth £265K the outstanding amount £225k. So I phoned up and…
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Joint mortgage/endowment and separation
Advice please, I have a joint morgage & endowment for the last 10 years with the wife to whome I have been married to for 6. She has now decided that she wants to leave me. We have a 3 year old son & she earns next to nothing a month. We have over 70k of equity in the property. I want to sell & split the money, she wants…
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Re mortgage advice wanted please!
House value £120k Mortgage value £93k I bought my council house (right to buy) in march 07 on a 3 year intrest only fixed at 5.89%. so i am paying £456 a month, at the time i could not afford to pay the capital but now i can afford about £600 a month. I want to start to pay the capital this is my first ever remortgage and…
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Endowment Policy with no life cover
Hi all I am trying to help my Father in law with his finances. He has an endowment policy which was linked to his mortgage but as it was underperforming he now has a repayment mortgage. He has kept making the payments on it as well. He claims the endowment policy doesn't have life cover ? Can this be the case ? I thought…
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Moving Mortgage to Interest Only for short Period (Six Months)
Hello all, Just looking for other people's POV on this one, I've contacted my mortgage company (Mortgaes PLC - Yes bit of a dodgy financial past I'm afriad, but all sorted now) and enquired about moving my mortgage to an interest only mortgage for a period of 6 months (allowing me to invest in a new kitchen with the money…
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Advice with Neg equity and DOP
Hi Ppl, I am divorced and living with my new partner. The situation is that for the last five years I have paying for the mortgage on our old house and my ex wife has been living there with our two children(19/20), one child has now left and the other is due to move within the next 6 months, my ex would also like to move…
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Porting My Mortgage
Good Afternoon All, My first post and I'm hoping I can get an idea of where to go next. My situation has is quite complicated so I shall try to put it over in the least complicated way possible; Ok firstly I have a mortgage from a company called TMB who no longer accept new applications etc - but Birmingham Midshires are…
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Vague Loan/Mortgage Advice?
This is a very broad/vague query so apologies in advance! My partner & I are getting married this yr & want to take out a loan to help with the cost (3/4k). We also plan to sell up & move house hopefully summer 2011. I’ve looked into a mortgage holiday – however as the value of our property fell, whilst it was comfortably…
