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Mortgage porting query
Hi folks, Have accepted on offer on our property for sale where we should be exchanging December. Currently have a mortgage with Northern Rock ( NRAM). and have had it for 3 years at 4.79% no early repayment clause. Now i was wondering is there any advantage or disadvantage to porting my mortgage onto a new purchase at…
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Shared ownership remortgage help
Hi everyone, I got a shared ownership house in 2007 and now my tracker rate which I had for 3 years has ended. I am now on the SVR which is set at 5.39%. my house value at the time of buying was £275k. I took at 40% 100% mortgage out for 110k. My tracker rate is 0.74 above the bank of England rate , so has been really good…
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Halifax Mortgage Payment Plans NO LONGER
Received a letter today from Halifax about my Mortgage advising me that from January 2011 this will change to a Direct Debit and a Direct Debit will be 28th of each month. Seemingly they have been instructed by FSA not too allow this anymore. Problem is that I dont get paid until The Last Working day of the month and am…
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Mortgage Problems
Hi, I've been reading this site for ages but this is my first post. First time I've needed to really. I'm looking for advice on what would be my best mortgage options. I currently have a house which has a mortgage of £157500 outstanding. I'm in the process of of selling and have accepted a bid of £185k. I've bought another…
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HSBC Default Impossible to remove due to closed account
Hi everyone This is my first post and i have spent all day reading the forums trying to gain advice on my specific problem. Im 29 and doing pretty well now. Unfortunately i had a Mortgage application declined this morning due to a 2nd credit check at the application stage. I had a student account with HSBC back in 2006…
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unknown mortgage payment
I received a letter from my mortgage lender informing me of a considerable overpayment into my mortgage account that I have not paid in myself, thus reducing my outstanding monthly payments. It is obviously a banking computer error. Where do I legally stand with this issue? Do I need to declare this, or do I save the…
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Remortgage - Urgent advice needed
I currently have a mortgage but need to remortgage to complete work in the house. Value of Property £165-175k Mortgage £100 I have a bad credit history and was paying over the odds with the rate with GE Home Lending. My 2 yr fixed deal is up now and I want to use the equity to improve the house. I currently pay CCCS…
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Any chance of more oney on the mortgage what do you guys reckon
Do you think the mortgage company will lend us anymore money. We are outgrowing our house so much we live in a modest 2 bed property. no garden no garage. I want to move to a 3 bed property garden and garage if we can. When we bought our 2 bed property we were told we could borrow 125k but we only borrowed 98k altho this…
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remortgage now or wait??
hi all. i currently have outstanding on my mortgage £178000 and thats on a 5 year fixed rate which expires in july 2012. the rate is 5.65% and my monthly payments are around £960. what sort of deals can i get roughly in todays rates?? i will obviously follow this up with a mortgage broker but i just wondered if anyone had…
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Endowment
hi we took our endowment out with our mortgage at the same time with the same company in 1992, but we have just been advised that our mortgage finishes a year before our endowment is due to finish. I wouldn't have thought this was normal and that we were missold, and even though we have had reviews with the company they…
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95% mortgages
are they about these days, and if so who?!
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endowment shortfall
i have an endowment mortgage with the Pru. which matures in Dec '13. it is supposed to pay off a mortgage of £ 35000 , but according to my last statement , at 4% growth will pay £24,000 , at 8% will pay £28,000. the surrender value as of today is £ 19,000. should i accept the surrender value or hold out for the full term ?
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Renovation/Self Build mortgage - Advice needed
Hello All I am looking for some advice. We bought a large plot with derelict coachouse on it last year - no mortgage on either - bought from proceeds of sale of our house. we have a registered builder renovating it for own our use and so far have funded all of this. However, we need in the region of £110,000 to complete…
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Mortgage overpayments - advice please?
Hi, Just wondering if anyone could give me any advice? I'm not the best with mortgages! Me and the hubby took out a mortgage in 2006 with northern rock with a loan that ran alongside it. We've been making small overpayments on the loan (£15 a month) and are looking to pay off more, but were wondering whether we'd be better…
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Get out or hang in?
Currently two years into five year fix at 6.24%. Mortgage outstanding is £112,700. Pay £865 a month. 18 years left on mortgage. ERC is 3% of balance, approx £3400. Thinking of applying for another five year fix with different lender at 3.94%, paying ERC and reducing mortgage to 13 years. This will make my monthly…
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Nationwide mortgage LOCK IN!
Since 2006 I have been on a 10 year fixed deal with the Nationwide at 4.88%. On the whole I have been happy with this until more recently with the reduction in rates. I was seriously considering opting out, yes I was willing to pay the £2000 redemption fee, and go onto their variable rate. Well to my surprise I was told I…
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Overpay or Save then Pay?
Hi All, I have a mortgage that started off with a balance of £100,062.87 as of 03/10/2007 over 35 years. The mortgage is a fixed term of 10 years at 6.34%, runs until 03/10/2017 and early repayment charges also apply up until this point. As things start to settle down I would like to make overpayments of £500 each month to…
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Moneyraising options for >70's
I would welcome any advice for someone wanting to raise a little capital to make life a little easier. We are an asset-rich, cash-poor, mortgage-free, but homeowning over 70's couple who would like to raise some cash just to remove some of the stress of day-to day expense, but we would rather avoid going down the equity…
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remortgage
Can I cancel my remortgage if i've signed the deeds but no money has transferred or completion date set?
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My soon to end fixed 4.74% rate is to drop to 1.49%. A catch?
My 5 year fixed rate mortgage comes to an end in March. It's currently 4.74%. My mortgage contract says the following: After expiry of the fixed rate period the premium rate, a variable rate, will be 0.99% above the Bank Of England Base rate and will end on expiry of mortgage term. My mortgage term is 25 years. This looks…
