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unsure of new mortgage
Hi all, im looking for some help. 3 years ago i bought my first house and was advised to have an interest only stepper mortgage. at present being on the third year we pay £867.00 interest rate being 5.9%. the bank has sent me a letter today because mortgage is due for renewal. it says that mortgage will automatically…
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Early Settlement on our mortgage
Hi All, We are currently comig to the end of our fixed period on our mortgage. And was looking to make an offer to capstone mortgages for an early settlement. However what is classed as a decent offer?? Im not sure how much to take off our existing mortgage to make it worth considering?? My husband now earns a really good…
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Complex Mortgage Problem?
My wifes father gave us a site (on which their cottage was on) on the condition that when we built a new house, we incorporate a granny annex / flat for my wifes parents to live in for the rest of their days. My FIL also leant us the £275,000 needed to build the house. Actually, we are using funds from his account, to…
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Complete Mortgage Scenario?
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Life interest / mortgage advice?
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House inheritence mortgage help needed please?
Firstly what a brillant site! Only discovered it whilst serching for info. I will be as brief as possible, this is my situation! My mum in law recently passed:( and her two children where jointly left the house. (As it was the family house they were trustees on the deeds) My partner would like to buy the other half of the…
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£900 per month???
Hi guys, the info on this site is brilliant i must say!! My boyfriend and i have seen a house that we like for £215k we have a deposit of £25k so have found the best mortgage for us to be the HSBC fee's free one. The repayments will be around £900 do people think this is ok as we have a joint income of £2400 (and usually…
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Mortgage help needed
Hi I need a bit of advice over what to do. Basically I am just married and my husband has previously had debt problems culminating in getting a Scottish Trust Deed which finished 3 months ago. Since then he has been approved for a bank account and overdraft and has got himself an adverse credit credt card to build up his…
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will i get a morgage ...any advice please
my hubby lost his job i owe 18,000 on credit cards i am late with my payments i also hav loans which i missed payments but i hav now caught up with, i hav sold my house to help pay off my debts i will pay the credit cards off also, i will come out with about £50,000 after clearin everythin i would love to buy a house again…
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Cash in Endowment early & put in savings acc?
I have 3 years left on my chronically underachieving endowment! Maturity amount currently 50% of sum assured. Failed to lodge complaint in time (literally two days past deadline and Friends Provident would not consider it) Last year earned £17.51 to add to guaranteed amount. Don't know where to begin asking Financial…
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Mortgage Refused - Help Please
Hi Can any help with this problem. Me and my Partner recently split up and I am trying to take on the mortgage myself. The mortgage amount will remain the same (my parents are giving me the money to buy out her half) all that is going to happen is that the names on the mortage agreement will be transferred from both names…
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advice on surrendering my endowments
Hello, Has anyone got any advice on surrendering one of my two endowments to pay for a house extension instead of getting a bank loan: I have paid off my mortgage and I have two endowments that are now just savings plans (and of course the life/critical illness cover, which I'm not that bothered about as my optimism on my…
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joint mortgage application with card debt.....
Hello, Im applying to take over my mortgage in my name alone after my partner moved out. I fell short of the lending criteria on my own, and was told this was most prob due to other financial commitments. I.e. a balnce on a credit card. Its on a 0% and Im dealing with slowly but surely. The next step is making a join…
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Northern Rock Shortfall - Will they write off
Hi, not sure if this is posted to the right place but here goes. We are currently on a DMP (Payplan) and struggling to meet this each month. We have little equity in our home but decided to sell. We have had an offer for £118,500 and our current mortgage debt is £113,300 (Dreaded Northern Rock). Though when we got the…
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Scot Am/Prudential Maturity
Having made many enquiries and asked many questions about maturity values over the last few months, I'm very pleased that my endowment matures in about three weeks time and the shortfall is going to be just over £600. Considering all the recent horror stories about massive shortfalls, I consider myself very fortunate.
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Interest on offset mortgage
Hi, Does anyone know how the interest on offset mortgage is calculated? I just started 3.75% offset mortgage on £87660 and I just saw on my online statement £35.84 interest. They said it's one day interest. I just want to check how exactly the interst is calculated. Thank you. K&N
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Just to sound you experts out before I contact my mortgage company
Good morning all, this is just really a quick sounding ground before I contact my mortgage company. Have a 2 bed which I have just had valued to sell and move up to a 3 bed in the same area. Mortgage same company for 6 and half years, through 1 re mortgage onto a new deal and now on SVR. Low guide for sales price is £150k…
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Hi - Quick Advice Please
:)Hello:) Just wondered if you can help at all - I am hoping to apply for a mortgage in about 6 months time - I am separated from my husband, but have been an OO for the previous 10 years, but I'm currently renting. My problem is this, I missed a minimum credit card payment last month of £5.10 because the bill got lost…
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First Direct Offset Base-rate Tracker.
Doing my 'due diligence' as my wife puts it! I'm currently with Nationwide and paying 2.5% SVR on my mortgage. I've found the First Direct Offset Base-rate Tracker which guarantees 2.09% above the B of E base rate, so currently 2.59%. This is obviously a small amount above what I am paying at the moment, however I feel it…
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First Time Buyer Mortgage Advice
Hi, My girlfriend and I are looking to purchase our first house very soon and have seen a new build property which is valued at £295,000. Obviously we shall try and negotiate the price down a little however we are a little clueless when it comes to the best options available for a mortgage. We are both in full time…
