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Should we try to remortgage?
We have 100k left on the mortgage taken out over 7 years on a 5 yr fixed fee of 6.19% (yes it makes me weep) but at the time it was the lowest everyone was offering! We have just over 5 years on the mortgage left so still well and truly fixed in. The reason we haven't looked before is that my H and I were self employed so…
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Regency mortgages
I recently had a phone call telling me a mortgage i took out with Regency mortgages when we purchased our council house may have overcharged us and may be entitled to a refund.I was wondering if anyone else has had a similar call?
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Is HSBC graduate the best mortgage rate?
Hi, Just wondered what other peoples' experiences were of HSBC graduate mortgages? We are looking at borrowing £150k with a £15k deposit and I've seen that their standard mortgage rates are among the best anyway so if their graduate rate is better that could be the way to go. My partner who will be on the mortgage with me…
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How do banks assess mortgage affordability with kids??
Evening, I have tried searching on the net for along time and can't really seem to find an actual answer to my question. 'How do banks assess my affordability, i have a wife and 2 young children?' The usual criteria one salary times 3.5 or both salaries x2 etc i assume don't apply??? Any guidance or general rules that…
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cash in early
Hi anybody, we have a 25 year endowment that has performed poorly. The last statement advised a "current" cash in value of about 21k, or we "may expect" to get £22.5k on maturity which is 3 years away, (it will cost another £1.5k to maintain it). Should I cash in early, or wait until completion? Any advsied gratefully…
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Secured loan interest advice
I'm sure this question has been asked before but urgently need some advice. I pulled out a second mortgage four years ago. The variable rate linked to one month LIBOR. Early on in the mortgage there were two hikes in the re-payments (reason given-due to rise in LIBOR). In the last year or so there has been a sharp decrease…
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Buying partner out of mortgage when in arrears
Hi all, Thanking you all in advance.
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NRAM mortgage repayment holiday advice.
Hi. Have had a northern rock (now NRAM) mortgage for about 7 years, perfect repayment history. As part of the flexible options there is the option now to take a 3 month repayment holiday (longer is available on request but dont need this) My financial situation at the moment is not great but my parents are coming into some…
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Brittania building society mortgage- mortgage payment discrepancy
I've just switched my mortgage from Nationwide to Brittania on their 3.99% fixed for 5 yr deal. Their mortgage offer letter stated our monthly mortgage would be £1244.xxp but now that we've completed, we had a mortgage completion statement stating that our mortgage monthly payment would be £1250 per month. Im on a 14 yr…
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Barclays Offset Mortgages & Helpful Tricks/Setup!
Hi all... Just thought I'd open a thread to see if there are any tricks to help people along with offset mortgages. I'm with Barclays in particular, hence the thread title...but the suggestions here may help others too if who they mortgage with is similar in setup... I'm new with Barclays, and its going pretty well with…
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what a waste of time
made a claim against abbey in 2005, ombudsmen found in my favour asked me to sign an acceptance form for the compensation, whoopee we thought aspecially as abbey apparently turned down 98% of claims, so we signed sent it back waited for the cheque, a letter from abbey a few weeks later informs us that because the…
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Selling an endowment mortgage policy..?
My first post on here, so be nice please! I've got a 15 year old unit-linked endowment policy. I no longer need this to repay my mortgage (good job, since its been a disaster) and am wondering what to do with the money invested to date? I have now stopped making further payments.Maturity is at year 25. The question is, do…
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Payment Holiday Query?
I have a fixed rate with Northern Rock until April 2011 when I will be leaving and moving to a different lender. I have the chance to have a three month payment holiday before I leave which will save me about £3900 (my mortgage is £1300 per month). They have told me that the interest charge will be added to the loan for…
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Endowment worry
We have an endowment which is due to Mature in exactly two years. We have had it for 23 years. It is showing a big shortfall, however we did take steps a good few years ago to deal with this situation. The result of this is we have closed the gap somewhat although not entirely. What concerns me is the value of the…
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What happens if you can't get a new mortgage deal?
I am due to remortgage in May, and obviously the mortgage advisor will tell us all we need to know then, but I am just thinking about it now. I assumed that if you were on the property ladder and had a mortgage you are in a good place...but I hear we may still find it very difficult to get a new deal if our house is in…
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Mortgage Advice please
Hi I'm new to the forum and would really appreciate some advice. We are currently on a lifetime tracker with First Direct at 0.79 above base rate. With increasing talk of interest rates I'm trying to work out how high they would have to go (and how quickly) to make us better off switching to a fixed rate - I can't see the…
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Tax liability on Endowment at Maturity
Hi all I have just registered on the forum but I have been referring to its contents for a few years now. I am hoping someone out there can give me some advice I have just received a letter from my Endowment Company, as my Policy is about to mature, Initially the policy was in joint names when taken out in 1985, but after…
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mortgage fraud / fraud by false representation
my sister has been charged with fraud by false representation because she inflated her income on her mortgage application (self cert). she has had the mortgage for over 3 years and hasn't missed a payment or secured any loans on the house. i was wondering what the courts mite sentence her to? thanks in advance :)
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Remortgage or Mortgage help needed please.
My parents have their house which has a £25k outstanding mortgage on interest only (property worth £180k). They are approaching late sixties and the bank have called them in for a chat soon about what they are going to do as their rule is 75 years old is max age. They do want to move on in about 2-3 years time as house…
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Home Buying Fees
Does anyone know the approximate fees we need to consider in our budget for buying our first home??
