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do i still have to pay the erc?
I have 11 months left of my fixed term mortgage left and on my statement it looks like i won't have to pay my erc now. Does anyone have any idea whether this is the case because if I don't then i can find out about remortgage deals?
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Virgin The One Account linked to mortgage - any good ?
Title says it all. GF has flat valued at 150k and mortgage of 100k - currently on 3.59% via this bank account. I think she can do better ( the mortgage - not me! ). Please back me up on this... Thanks, Bob
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Releasing equity in house to pay off debts??
Has anyone re-mortgaged their home, borrowing more so as so pay off their debts? We want to pay off some substantial cc debts so we only have one payment per month to make and hopefully at a lower monthly payment. Is this a good idea? My concern is the increased interest over time. Husband feels it is the best option. We…
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Should i cash in endowment
Hi My wife and i have two endowments linked to our mortage 1 against a £20.000 moratage and the other against a £53,000 mortage both are failing to acheive there target figures the smaller of them is a unit linked endowment current vaue of arounf £13,000 with the finish date being 2014 ,but i have just been made redundant…
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Please help
To cut a long story short my divorced partner and I have been together for 11 years and have a son My partner was divorced many years ago but as a stipulation of the divorce he allowed his ex wife to remain in the family home (supported by maintenance) until his children left home or she remarried. This has worked well.…
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First Time Buyer - Mortgage Adviser Talking About Front Loading Interest
I am a first time buyer and looking for a 300K loan - I will put down 100K The adviser indicated that the APR is 3% but was unable to explain clearly the following and kept talking about front loading interest (which he explained meant that a large portfolio of the interest is paid at the beginning before it has accrued).…
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Northern Rock - not informed of DD change etc.
We thought our Northern Rock mortgage finished in November. I phoned last week to enquire about amounts etc. 2 days later we received a letter saying that our mortgage should have been repaid on 1st September and that we are now in breach of our terms and conditions! Upon checking bank statements - they increased…
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Ending fix early - worth the redemption?
How do I work out if it makes sense to end my fixed rate mortgage early and pay the redemption penalty to re-mortgage onto a cheaper rate? I'm currently in a five year fix at 4.99% that ends in August 2011. The fee to leave would be about £740. I was looking at HSBC and FD's mortgage products that have a £99 fee. HSBC have…
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Negative Equity and a new mortgage, please help
This is my first post. Myself and my wife bought an apartment in Dublin 3 years ago at the height of things for, wait for it, 460000 euro. This was not unusual at the time at all. We could afford the mortgage easily. My wife is a doctor and Im a teacher and we are both in permanent employement. We have savings of £55000…
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Name off Deeds
Please could somebody help with some advice. My Partner and his 83 year old mother both have thier names on the deeds and the Nationwide mortgage. He has just been turned down by Nationwide for a transfer of equity due to adverse credit. He needs to raise some money and its proving difficult as his mother is on the deeds.…
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Mortgage advice needed please
Ok long story short SIL has broken up with her husband. She is going to move back into the family home with the children and try to pay the mortgage. They are currently in negative equity (about 25k short) and 3 years into a 5 year fixed deal with payments of £800. On standard variable rate these payments would be £400…
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Mis-sold a mortgage
Hi All, I recently got a mortgage agreed from a major High St bank, anyway after much worrying that it was not right for me (won't bore you with all the details was very pushed into signing and taking the mortgage at the time and did not feel I was given any advice or listened to) I went to bank. They asked me to complain…
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Is this possible?
Sorry in advance if this is a very silly question :) me and my wife own a house with a £70k offset mortgage (currently have 50k in the offset account so 20k left to clear the mortgage). We were planning on moving in the next 1-2 years due to the size of our current home but have seen a house for sale priced at £120k which…
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northern rock - together mortgage - negative equity
hi i no there are lots of threads on this situation but non of them seem to have been updated in some time. Myself and my wife took out a northern rock together mortgage in 2007. we have £92,500 secured and £26,500 unsecured, totalling £119,000 over 35 years. we were on a 2 year fixed and that came to an end in april 09. i…
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Mortgage renewal when unemployed
Hi everyone i took out a 5 year fixed deal mortgage with northern rock which ends in january 2011. At the time i lived on my own and was single. I have recently been made redundant and jobs in my field are very scarce. My girlfriend has moved in and 10 months ago we had a little girl. What are my options as regards to…
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mortgage arrears charge
Hi all, wanting a bit of advice, prior to getting my LB moment myself and DP got into mortgage arrears, we had 6 months of not paying mortgage where we were accuring arrears and getting charged £50 per month on top. Since the beginning of 2010 we have paid every month the required mortgage payment via debit card. found out…
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100% mortgages
Having just recieved a letter from my local Credit union. There was a flyer inside about mortgages, saying they now offer up 100% mortgages. can this be right? craig
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Buying rest of Shared ownership
I know people don't seem to be fans of this type of housing but here goes... In 2007 my OH and I purchased a 25% share in a house (with a mortgage) Due to a change in our finances we would like to purchase the rest of the property and the freehold. We've spoken to the Housing Association and they say this is possible. We…
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difficulties with self-employed mortgages
Hi All I'm employed but my partner is limited company since summer 2009. We've been advised we cant have a mortgage until he can provide two years worth of accounts. Does anyone know of any options for securing a mortgage in this instance? Many thanks:(
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Advice needed re buy to rent
i am thinking of drawing down £60000 on my current mortgage to buy my brothers property (he is in debt and needs to sell). it is on the market for £75000 so it seems too good to miss. 1. should i do this (in the current market)? 2. can i put the new property in my daughters name? 3. are there any pitfalls i havent thought…
