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Mortgage - pay off money or time?
First ever post so excuse if wrong place or I have missed something v obvious. When paying off the mortgage is it 'best' to pay off the money or get the time deducted from the length of the mortgage? At the moment I am getting time deducted but am unsure this is best move! Opinions welcomed thank you
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how much can we increase our mortgage by for £400 per month
thats it basically, how much could we increase our mortgage by if we have an extra £400 to put towards it? i know it will vary hugely depending on what rate we go for, ideally over 20 yrs as well, but can anyone give me a rough idea?
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Mortgage won't be paid off...help!
This is worrying me somewhat. With 7 years and £80,000 left on my mortgage I suffered from major heart problems with the result that I'm no longer working. I had to switch the mortgage to interest only. I'm with CCCS who have been very helpful in negotiating with my creditors to accept token payments, but these payments…
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Worried about remortgage.
Hi all, Me & My husband currently have a fixed rate morgagtage through the Halifax. Its due to due to run out in Feb 2012. Our House is worth aprox £110,000 - £115,000. and we currently owe £88,000 at present. Anyway since we took the morgage out, My credit rating has taken a serious nose dive, due to many missed payments…
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Really nervous about mortgate advisor visit.........:(
Hi All, Im new to the site so please be gentle with me:) Today me and my wife are off to see our local mortgage advisor today to basically "see where we stand!". We have been renting for 7 years now and since the dissapearence of the 100% mortgage have resound to the fact that we may never be able to buy! The father in law…
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Can anyone advise??
Hi Folks, Was just wondering if anyone can help. I am looking to purchase a property (notfound a particular one yet but fed up with wasting money on rent). Im aware that mortgages seem to be a bit of a hit and miss thing nowadays with all that has happened recently and just wondered what I can do to up my chances. At the…
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Mortgage Advice
Hi, I’m not sure if anyone can help or not but I’m interesting in getting a mortgage. I have 3 defaults and my credit score is pretty bad, however I have 20% deposit to put down. All of my debts are now clear so I have no money coming out, and I have kept up with the repayments for a year now. I only need 2.5 times my wage…
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Help! May need to pull out of mortgage
I really hope someone can help us here. We had out flat on the market for ages and had no viewers whatsoever. As we were with NRAM on a variable rate,we decided to do a five year fix with the Post Office so that we weren't at the mercy of impending interest rate rises. We sent off the signed agreement for the mortgage on…
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End fixed Mortgage early worth it (how do i check)
Hey people, Just wondering if anyone can help me with a calculation so I can see if it worth ending my fixed rate early? with Nationwide on 5.99%(5yrs) for originally £91000 and paying out £523 a month for 35years and overpaying £200 a month for last 2 years. I have about 2 years left on the deal which I can easily afford…
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Final Mortgage Payment and fees
Hello all, I'm posting here on behalf of my parents who are a couple of months away from finishing their mortgage that is with Santander. They received a letter a couple of days ago that I've posted below. The gist of the letter is that they'll need to pay a fee to "cover your mortgage Account". Basically my parents want…
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NRAM Poor contact centre
Any one else suffering with the new contact number for Northern Rock. Not only do NRAM only offer a chargable 08 telephone number to call them you hang on for a minimum of 5 minutes to get through. When you do finally get someone, more minutes are taken up by re-doing the security checks (previously done on the touch…
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Endownment reaches it's target
I have been informed by Guardian that one of my policies has reached its target amount. Its only a small amount (£3200) and they have stated that this will be placed in a Deposit Fund. Now the policy could run till 1 August 2011 if I don't cash it in, but of course the amount isn't guaranteed, and may be less than the…
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Nationwide legal services?
I have recently applied for a new mortgage in principle with nationwide after the last one with brittania expired. They asked if we wanted legal services. I don't remember Britannia asking this and to be honest I'm not entirely sure what it is? I assume it's conveyancing so you don't need to instruct a solicitor so I said…
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mortgage terms and condition changes
hi , anybody know if a mortgage company can change the way they apply interest to my mortgage mid term? my tracker used to changed yearly according to base rate , now woolwich (barclays) say this will change to monthly. basically whilst interest rates went down i was made to pay more interest for longer and now the most…
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Cash ISA Offset Plus Mortgage?
We're looking for some advice, hopefully others have similar experience. Have been looking a purchasing a House, and therefore dipping my toe in the mortgage market. We are first time buyers, looking at homes in the region of 200k. We have a reasonable deposit between us, and a further savings tied up in cash ISAs. Our…
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Should we save for a bigger deposit for new house or pay off large Negative Equity
I need some advice. Myself and the wife want to buy a new house. We have a deposit of £55000 and salaries of over £100000 combined. We would need a mortgage of around £230000. However and its a BIG however, We have a property with a large amount of NE that we have rented out since we have moved. Probably around £170000 NE.…
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how to find the right financial advisor?
Sorry if posted in wrong forum, but in theory this is a mortgage question. Okay, we have decided that we really should speak to an independent financial advisor. we have one property, want to buy another one, so we want to get mortgage that best suits are needs. We have final salary pensions and want to work out how to…
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Coming off a fixed rate....
Hi, I bought my first place about 3 years ago - and in Feb, I'm coming off my fixed rate (5.99%). I really need to get my monthly repayment down as I have very little disposable income. I've coped over the last few years, now is the time I need a little slack. So, I'm a bit ignorant but...I need to investigate my options…
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Joint Mortgage - Relationship Split
Hi, I currently live with my wife and we have a joint mortgage together on a property. We have agreed to go our separate ways, and my wife is happy to let me have the house, no strings or monies to be exchanged. I would like to take on the house; I haven't approached the lender yet (Northern Rock) as I believe that on…
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Offset mortgage unbiased help appreciated.
I am stuck in a mortgage product until 2012 that will cost me to get out of. Details are: 6.04% fixed in 2007 - 2012. (I know, I know - but things were looking bad then!!) 25yrs term with 22 remaining. Remaining balance 108K My IFA is telling me I would be a fool not to change it to a more current offset deal and…
