-
GE Mortgage confusion and advice?
Hi I currently have a mortgage with GE Money. There's a £125k outstanding and I've just had my property valued at £130k, which is almost 25% less than what it was valued at in 2005. I have been paying 'interest only' for the last couple of years. Having lost my job at the end of 2008, I switched to interest only in order…
-
Overpayments - any magic
Hi, I am looking to make a one-off lump sum payment toward my mortgage. Is there any magic to this, i.e. do I need to state that it is toward repayment of the capital rather than interest? Or do I simply say 'please apply this to repayment of my mortgage'? Obviously I am keeping up with my standard monthly repayments. [NB…
-
Landline for Mortgage?
Hi, I am just wondering why it is advised that you have a landline when applying for a mortgage? Thanks in advance.
-
Expecting call from broker
Our fixed rate mortgage is due to end 01/10/11. When we got it the broker told us he would contact us about 6 months before to remind us to get paperwork together etc for remortgage. To be honest not sure if we are going to . We are currently on 8.19 % which was fixed. It will go to 3.29% above BBR so currently 3.79% Now…
-
Move Home - Bad Credit
Good Evening Money Spinners! After the recession kicked in, my credit rating went down the pan. I've defaulted on numerous credit cards and haven't made payments towards several of them for over a year. I own two properties and have kept up the payments on both, never being late with either payments. I'm wanting to move…
-
Taxed on staff mortgage
Hi I recently recived notification from the Inland Revenue reducing my personal allowance to 289L. The say this is due to my staff mortgage. Although the mortgage initially was for staff (no fees to set up) it was available to all eligible customers. One ex member of staff fought to keep the same product as it didn't say…
-
hsbc advice
i have had a hsbc advanced acount for past 2yrs, i am due to fix end of month on 5 yr deal @4.79 with £199 booking fee as i have the advance as if i had a normal account it would be 4.99 and £399 bf, will i be able to cancel the advance account once all fixed is set up as i dont use any benefits from it and spend £12 a…
-
First Direct - Best 5 Year Fixed Product at 3.89% and £99 Fee?
Been looking into fixed rate mortgages today. Currently on SVR with Halifax. Got 13 years and 11 months left with a balance of £89959. House bought for £227000 3 years ago, estimate it to be worth around £200000 now with recent sold prices, so plenty of equity. Found First Direct 5 year fixed, rate for 65% LTV which I…
-
Bank of Scotland Mortgage Advice needed...
Hi there We have our mortgage with BOS on a standard variable rate (which we shouldn't be on but that's an issue for another thread!) and we are worried about the potential interest rate rises coming our way. We pay 4.84% at present, and although we saw maybe one or two of the interest rate cuts over the last couple of…
-
Voluntary repo stress
Hi peeps; I posted ages ago about my situation with my ex and the flat we bought back in 2005 - things have come to a head since then. Here's some background, so you know what kind of a T*@t I'm dealing with. Thanks for reading. 1 bedroom, ground floor flat bought in 2005 with a Northern Rock together mortgage. We were…
-
Second propery letting /sharing query
My other half has a new job too far away to commute daily, so we are looking to buy a flat for him to live in during the week. It would make sense to let a bedroom a) for company and b) to help with the costs. As he will be living in the flat Mon - Thurs weekly it is not strictly a buy to let situation, or is it? The £30k…
-
Missed payment
Hi I just need some advice, we missed a payment at the begining of Dec through my own fault of not checking accounts and realising the date stupid i know! I had the money to pay it and it has now been paid plus charges all sorted everyone is happy! How will this affect our credit score now? will it have made a big impact…
-
Should we re-mortgage?
Hi, Just after a bit of advice! We took out a 10 year fixed rate mortgage with the Woolwich in Sept 2008, just before the rates started to go down. Here are the details, 5.69% with an ERC of 5% of the balance. 92,000 left on mortgage, house is worth about 270,000. Monthly payments are £711. Just wondering if it's worth…
-
fixed rate ending
hi there we have been trying to sell our house since june 2010, no luck, no offers nothing. anyway, when we went to see our mortgage people (halifax) he said that when our fixed rate runs out in feb 2011 then our payments will go up....... but will go down if we buy a new house..... at the time i wasnt listening properly i…
-
Inheritance pay off mortgage or not?
which is best to do if i inherit £200k 1) pay off my £125000 mortgage and bank £75k 2)invest £200000 into term deposit draw the interest on this at the end of the term and then reinvest again and use the interest earned each time to cover mortgage payments I am thinking that with option 2 i would eventually pay off…
-
Mortgage tricky one..
Hi all, Someone I know recently broke up with her fiance of a few years of which they had a mortgage on a house together. They clearly don't want to live together anymore, but still have the house together. The house has been on the market for some time now, but is not selling. Even if it does sell it will probably be in…
-
Post Office Mortgage overpayment
Any advice please on what to do. Applied for mortgage with the Post office. Fixed rate mortage and have the offer(Bank of Ireland). I was hoping to make overpayments on the mortgage along the way to reduce the term of the mortgage but have read this on their webiste. You can make overpayments at any time during the life of…
-
mortgage with bad credit based on equity?
Any genuine help appreciated.
-
Fire Service mortgages???
Hello everyone, Me and my fiance are currently looking to get our first mortgage, and are struggling to gain such a large deposit. My fiance is in the fire service, and we have heard about reduced mortgages/lower rate mortgages for those in public services. But are unable to find any information on it, and who to go to to…
-
Taking on a mortgage alone that was joint
I bought a house with a friend and they now want to move out. I'd like to keep the house on in my name if possible but am not sure if the mortgage company would allow me to. The house was bought for £138 000 and is worth about £130 000 now. We still owe £131 000 on the mortgage and I earn £31 000 a year. Is it likely that…
