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Could anyone please explain our Northern Rock Together mortgage
Hi, My husband and I took out a together repayment mortgage in 2006. It is fixed for 5 years ( due to end March 2011). Our house cost 103,00 & when we took the mortgage out we had 90,000 mortage and 13,000 unsecured loan. We are both pretty clueless when it comes to mortgages and I am trying to get my head round it all.…
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buy to let mortgages
Hi everyone, this is my first post on here, I am needing some good advise and thought this may be a good start. My husband and I are trying to raise some capital to pay off a ltd business debt of ours. We have substantial equity in our property but due to my husband being self employed his net profit doesnt truely reflect…
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goverment help with mortgages
the goverment were ment to behelping people who get into trouble with mortgages i did see on news tonight a woman who was paying over 800 amonth her husband lost job out of work for 12 months so the goverment scheme jumped in and bought house she now pays rent 110 aweek . but this is not every where also a lad from…
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want new mortgage but in an IVA
hi i have a 3 year fixed interest only 40yr mortgage, i taken it out in march 2008. i brought the house for 84000 i put the app fee ontop of that which was 2500, so negative equity straight away, i dont have an endownment running along side but i have recently starting paying an extra £50 a month on top of my payments. im…
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pay more off your mortgage
what are those mortgages called where you can pay extra every month . can you do this on a fixed mortgage.
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Abbey decline to port mortgage
need any advice!!! took mortgage out with Abbey in 2007 for a fixed rate til 2015, this I was told was portable, so now am trying to port the mortgage to a new property and they have declined me saying a default is to blame. This default is from 2004, so clearly was not a problem in 2007. The premium for cancelling…
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Standard Life holds with profits bonus rates
Standard Life has become the latest life office to freeze bonus rates for its with-profits policyholders, with investors seeing a wide variation in the returns on their plans. http://www.ft.com/cms/s/2/096fae3c-0a6b-11df-ab4a-00144feabdc0.html
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Prudential/Scot Am 2010 endowment maturity
Any idea how the maturity values for 2010 are panning out. Dunstonh and Edinvestor?:)
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nationwide vs woolwich
Hi there, I was wondering if anyone could give me some advise the woolwich lifetime tracker of 2.13% above the barclay’s base rates and the nationwide 2.24% 2 year tracker above the base rates. The mortgage loan is 170,000 (65% of the house value), and I’m expected to switch to a better rate after two years if I was to go…
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Pay £20,000 of mortgage or put in Savings/Isa
Hi all im in abit of a pickle at the moment basically my mortgage has been at 0.5% as i was one of the lucky ones on a tracker before the base rates fell so been paying very little for the past 2 years and managed to save £20,000 in that time its going to come to an end at the end of april then im going back onto chelsea's…
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Oh what shall I do?!?!?!
Hello guys, I'm in two minds with what to do, can you offer some advice please? (I think I just need to talk it out with someone!) 2 year fixed rate is coming to an end (March) and I'm unsure what to do. We fixed at 5.49% on a £225,000 interest only mortgage. When the deal ends we go onto the base rate. Now my question is…
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The six month rule?
My son recently sold his house, leaving him a deposit of £100,00 for a new place. Found somewhere for £250,00 and was accepted for a Halifax mortgage for the balance. He's got an immaculate credit record and is a pretty good risk - good earner, NHS employed, etc. etc. Then he discovered that the owners had bought the house…
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What's the best mortgage for First Time Buyers?
Could anyone inform me about which mortgage is best for first time buyers with a 10% deposit? I have looked at one through a national bank which is a 5 year fixed rate mortgage at 6.34% with no upfront fees other than £200 for a valuation. The monthly repayments are just over £470. Does this sound like a good deal??? I'm…
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Help please
My fixed rate with Stround and swindon is finished and im looking at finding a new deal. I really am not sure what my best options are. I think i want a fixed rate again but im uncertain as to whether thats the right thing to do.to stay with Stroud and swindon the SVR is 5.99% with a fee of £299 to fix it for 3 years. All…
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Interest rates
What is the professional prediction for interest rates for the next 3 years. Obviously no-one knows what will happen to world economics, but is it generally beleived that they will reamain low till the economy is back on it's feet or will it be used again in the fight against inflation should that rise. I was thinking for…
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MSE News: Reclaim unfair mortgage arrears fees, FSA says
This is the discussion thread for the following MSE News Story: "Homeowners hit with excessive mortgage arrears charges should demand their cash back, says the city regulator, the Financial Services Authority (FSA) ..." Read the full story: Reclaim unfair mortgage arrears fees, FSA says
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unresolved thoughts on Sl endowment-
İ had a 24 year endowment that was due for completion in may 2011--i have just sold it because its max value was forcast as very poor--the final bonus was quoted as 3,9pc -my ifa rang Sl and got 2 quotes for the same date in 2011--mine was 3,9pc and the other for a 25year policy completing on the same date was 7,9pc---any…
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What's the best day of the month to make mortgage overpayments?
What's the best day to make mortgage overpayments in this case: - I make my normal mortgage payment (not the overpayment) on the 1st of each month. - The interest is calculated daily. - There's no limit to overpayments (mine are usually a few hundred pounds each time).
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Skipton SVR Rise Question
Hi weve had a 7 year fixed rate mortgage with skipton for 3 years, Will the recent rise in SVR affect our payments? Any help will be great Thanks.
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When to look at re-mortgaging?
Our 5 year deal with Nationwide is up in July, so how far in advance to seriously start looking for deals? I'm very tempted by the One account tbh, I've worked out that by rolling everything together and overpaying by £100 a month, it would be paid off in 11 years instead of 15, which is an attractive proposition and we…
