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To fix or not to fix now before Maternity & Voluntary Redundancy
Hi We currently on a 3 year fixed 5.69% Interest Only mortgage 90% LTV with Birmingham Midshires which finishes at the end of May 2011. We then go onto a variable rate of Base Rate + 2.44% which would make it currently 2.94%. This will reduce our monthly payments by £300. We are about to have our first child in March and…
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Stamp Duty unpaid by Solicitor for 3.5 years!
Hi all, Some advice needed regarding our flat purchase dating back to May 2007. Even though we passed the stamp duty on to our solicitors (who happened to be recommended by the mortgage company - Halifax bank), it is yet to paid to the HMRC. It's been nearly 4 years now and £630 has accrued in fines and interest charges.…
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lump sum
Hi, Tracker comes to an end in feb and have already signed for a 5y fixed. They have given me figure of 376 pcm from march 1st. I have 2k that I want to put in. Now if I paid that in tomorrow would that 376 figure change? Ideally it wouldnt but I would like to know rather than wait til mar 2nd. Thanks.
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Divorcing - Advice on Mortgages Please
Hi Sadly I am in the process of becoming divorced, and I really appreciate some advice on my options, around mortgages to buy a house for my ex and the kids. We sold a house about a year ago, and have about 100K from that sale. We are renting at the moment. We had planned to buy together, but now my wife has decided that…
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Switching from interest only to repayment mortgage
Hi, I've used these forums, many times but never posted and now I'm in need of some help and advice... which I'm guessing I'm going to be asking a lot of the coming months!! Basically it's a new year, a new mind and I have some new money... so I'm starting to look at mortgages. I've got my head around most things (I hope)…
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Who pays the mortgage after a split
Hi there, I have recently parted company with my girlfriend and she has moved out of the house that we own together in a 2/3 (that I pay) 1/3 (that she pays) split. However, since she has moved out, she is not paying her 1/3. She says that she has taken some legal advice and been told that she does have to pay her…
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Alliance & Leicester Flexible Mortgage - Overpayment confusion!
Hi there, (first post! :money:) "Alliance & Leicester Flexible Mortgage - Overpayment confusion!" The documentation supplied with the aforementioned mortgage states: "Overpayments of £500 or more If you make a capital payment, that is, an overpayment of more than £500, the amount you owe, and so the amount of interest you…
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Where do I stand? Nationwide Mortgage
I am a first time buyer and currently going through a mortgage application with Nationwide through a broker based at the estate agents were purchasing the property through (I regret using them but live and learn). In one of our initial meetings, I was given a breakdown of fees and costs etc. and one of which was a non…
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Additional borrowing help please
We are looking to raise approx £30000 for an extention. We are fortunate to owe only £2000 on variable mort and are not sure what type of re mort to go for. Our aim is to be able to overpay and to clear the new amount asap. Our Ltv is about 15%. Any advice would be appreciated. Thanks.
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The Woolwich: Help! Awful customer service
Hello there I could really use some advice from fellow money saving expert users. My boyfriend and I are currently going through a mortgage application with The Woolwich and we've experienced absolutely terrible customer service from start to finish. We're yet to complete our application because we were originally told…
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remotage in receipt of DLA SDA & INCOME SUPPOT
I am disabled present mortgage is with santander (I was with Abbey before I become disabled) I keep remortaging with santander because when I have tried to change to my bank ie natwest even though i am signed disabled indefinitly they no longer seem to offer motagage under those circumstances I am wondering if anyone knows…
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Second home mortgage
I have a house which I rent out and am hoping to buy a second home for me to live in. In approx 2 years my first home will be sold to pay off my second home. I have approx £170,000 equity in my first home which I wish to borrow against and take out an interest only mortgage. I can raise £80,000 against my wage, again on an…
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removing my name from mortgage
I will try and keep this short and to the point. I got divorced about 2 years ago. Just before we seperated (3 years ago) we re-mortgaged the house and took out a fixed rate mortgage for 5 years. I left the marital home 3 years ago and since then my ex husband has happily paid the mortgage (he still lives in the house) on…
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do you have to stay with you mortgage provider if you take a payment break???
Hi, I am currently with the halifax and was thinking of taking a payment break for one or two months, i understand the interest i would add to my mortgage, but what i want to know is would i have to stay with the halifax if i wanted to move? as i only have until next january to wait for the mortgage to go down, i need the…
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Is PPI sometimes necessary to get a mortgage?
Hi! We saw our bank the other day regarding a mortgage (they actually do a good rate and we thought it'd be easier to see them first anyway). Thing is, I'm quite a new director of a company and my wife is self-employed. As expected, the bank tried to sell us just about everything, but she also intimated that it's possible…
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Over Paying, is it worth it
evening all. jus got my first ever mortgage statement today. been with nationwide approx 6 months. i paid in the reigon of 2200 in payments, only to find 1900ish was interest......... (safe to say wasnt overly impressed) my question is that i read if i overpay, it pays off the house not the interest, but it re calculates…
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Self employed mortgage hell
Hello, we are looking to remortgage our home. We only want 20% of the value in a mortgage and have impeccable mortgage history and credit ratings. However, we're being penalised for being self employed and legitimately lowering our taxable income. Even though what we have in our pocket might be considerably more than…
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Bank loan, credit card or what to pay mortgage shortfall?
I have an interest only mortgage that ends in June 2011. As with many of these mortgages, when my endowment policy expires at the same time, there will be a shortfall, and I am looking for the best way of dealing with it. The policy was taken out too early to seek compensation. It’s impossible to say exactly how much it…
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Alliance & Leicester Mortgage, quick question
Hello I took out an Alliance & Leicester Plus Mortgage in July 2007 with my ex partner who I have been trying to take off for almost 3 years! Anyway, It was bought for £85000 but we got a mortgage for £87000 (£81000 was secured and £6000 unsecured) I am unable to go through with the TOE until the unsecured part is paid…
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remortgage with high ltv for extension
does anybody know if there are any mortgage companies out there that would take into consideration the value of our property after a two storey extension had been completed??? we have £91000 left on our mortgage and the value is roughly £130000. we need 25-30k for extension as growing family is making us feel clausrophobic…
