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Should I cash in my endowments to pay off my mortgage?
Hello, I have a mortgage which has £11500 left to pay off and 10 years left to run. I also have two endowments totalling £14500 which have 6 years to run. The question is should I cash in the endowments to pay off the mortgage or let the mortgage pay off naturally and earn more money on the endowments? I'm wondering what…
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Will this stress never end!!
Hi All Managed to get the okay from Halifax for my mortgage today (well the promise came back all okay) so hopefully that is all sorted as best it can. But now I have a new problem. My Dad originally said that he would give me 50K as a deposit a few weeks ago and to go looking for places, which I did and had the offer…
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Will I get a mortgage?
Work part time, tax credits bump up my income and I am currently renting. Would I get a mortgage that will take into account my tax credits? spoke to a financial advisor who said I had no chance Will i get a mortgage?
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Pay off interest only or repayment mortgage?
I have the opportunity to pay off some of my mortgage. It is in two parts. £30,000 interest only with an endowment and £7500 repayment. As with many people the endowment will not fully cover the interest mortgage at the end. I could totally pay off the repayment mortgage or part of the interest only. I am coming off a…
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looking for a better rate on my Variable mortgage
Afternoon All I am looking for some Mortgage advice please We bought our house 3 years ago for £110K and had an £80K Mortgage having put down a £30K Deposit (initially it was a 25Year Mortgage) As of today, our mortgage has 9 years 8 months to run as I have increased the monthly payment from £ 475, to £ 575 last year and…
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Need to get out of fixed deal - help!
I have a five year fixed mortgage with the Nationwide, they won't allow me to change product and so I have to pay £5K to get out. I ideally would like a tracker mortgage to reduce my monthly payments. I am always self-employed along with my husband which makes things very difficult. I would really appreciate any help or…
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Advice on remortgage
Hi, First post, so please go easy!! Am currently in receipt of excellent Halifax deal - tracker costing £750/month for around £150,000 mortgage (capital repayment deal). House valued at £350,000 - so LTV top notch. Earnings £50,000 as a lecturer, perfect credit etc - currently over-paying mortgage to the tune of…
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End of 2 year tracker
Hi I bought my first house back in 2008. I initially got the mortgage sorted out in march or april but i didnt finalise the sale untill september and i started paying my mortgage in october. The mortgage was one of those 2 year tracker after which it goes to a variable rate. I was paying the mortgage and aparently the 2…
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Porting my mortgage - good idea?
Hi, Our current mortgage is with Nationwide and we have been on the SVR for over year which is quite low at around 2.5%. We are now looking to move and have been told we can port our mortgage accross with us and top up with a new mortgage on the excess. This would mean that we effectively have 2 mortgages running parallel,…
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Alliance and Leicester - Discrimination
Hi there, feedback would be good. I am sure there are many of you out there that purchased a fixed rate mortgage around 3 years ago and got a fixed rate deal with a 95% LTV. I did, fixed interest rate of 4.99 at the time, 2 years later and fixed rate ends and they are not interested in even moving me to one of their other…
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Mortgage advice,relationship end joint names
Hi, Me and my partner are splitting up, the mortgage is in both names. She has said she will move out, i would like to keep the house on my own. I have always paid the mortgage and the rest of bills. My question is, will i need to reapply in my name? will they accept me on my own? How much will the solicitors cost?…
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I think my whole sale/purchase is about to go t!ts up.
We are part exchanging with Bovis, mortgage offer received from Northern Rock approx 2weeks ago, as far as i'm all aware all queries relating to the properties have been answered and we were just waiting for all docs to be sent through the post from the solicitor for us to sign (we live in a different area). Just recieved…
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Mortgage Break Advice
I have a mortgage with C & G which is fixed until Dec 2011 at 5.45%. We are paying all our bills at the moment but things are very tight. Im thinking of taking a mortgage break for 6 months which will save me £980 a month and use this to pay off some credit cards (low lifetime balance) and also make day to day living a bit…
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Advice Please
I currently owe over 80% of the value of my home, so the LTV rate is poor. Currently I'm paying £460 a month on at 4.7% (ish- not sure) variable rate. I have been offered a fixed rate of 5.59% until 31/03/14, making my payments £500. So what should I do? Is this a good rate compaired to my LTV? Any advice would be great-…
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Unable to buy in full - buy part of parents house???
Hello I presently live with my parents - I can't afford to move out alone and shared ownership schemes are entirely unsuited. My parents own the house that we live in outright, both are under 60. Mum is retired due to medical reasons and dad looking like he's going the same way. He's too worried about money to quit, or…
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Mortgage via a third party
Hi all, I have a mortgage puzzle. I'm having trouble getting a mortgage as a newly self employed person. I've had an Idea though that could help me get a house and ride out the first 2 years until I'm financially viable again in the eyes of a mortgage lender. The idea is this. My brother, who is mortgage free and on a good…
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Mortgage Advice - Rate
Hi Why when you get older do you dither more, I thought it was supposed to be older but wiser! :) I have a mortgage with HSBC which is +0.79 lifetime tracker. We want to borrow an extra 83k (LTV is 75%)to move and because we are on such a good rate with existing borrowing it makes sense to stay with HSBC. Here is what they…
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Advice - I need to switch but not sure I can afford it
Hello I'm trying very hard to reduce my monthly expenditure - I've completed an SOA in the past and have done what I can to reduce costs. My highest cost, like most, is the mortgage. I'm with the C&G right now on a fixed for 5 years @ 6.25%. I am just starting the third year. My mortgage balance is £279,000 Monthly…
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Mortgage for parents
Due to the age of my parents, 70 and 71, they are not able to get a mortgage (or so they have been told). They have the equity and a pension to place a deposit and maintain the repayments. Would I be able to get a residential mortgage and have them live in the property or would it have to be Buy-To-Let and I become their…
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mortgages and bad credit
My husband and I got ourselves in to 40k of bad debt. We have just finished paying it all off, we didnt go bankrupt or use an IVA. We would now like to buy a home. We have 95k depostit and the house we want is on the market for 160k. We have spoken to HSBC who turned us down. Our income is about 30k a year. I dont want to…
