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End of fixed term - what next?
I will soon reach the end of a 5 yr fixed rate offset mortgage and would really appreciate some advice on what to do next. My mortgage balance is approx £30 000 and I don't have much to offset it with. Since taking out my mortgage I have had to greatly reduce my working hours as my caring responsibilities have increased…
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Gifted £60,000 or joint mortgage?
Not sure if this is in the right section... been using the site for a while but new to the forums. Sorry my first post is a big question but here goes! My wife and I are looking to move from our first property to our second. We owe £130k on our first one (having taken a 100%+ to get on the ladder) and I think it has…
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Need another £15k, how does this offer look?
I'm currently 2 1/2 years into a fixed 4.99% offset mortgage with First Direct. I have 17 years and 3 months left in total (basedon a 25 yr mortgage). Property value: £180,000 Current mtg owed: £110,300 I've asked to borrow £15 for various things, and this is the offer: Amount: £15,000 Time: 17 years + 3 months Booking…
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Can we 'find' our endowment?
My wife had an endowment mortgate with N&P about 14 years ago. N&P were then bought out by Abbey National. At some point the endowment mortgage was changed to a repayment mortgage, and then we remortgaged to another repayment mortgage. The question is what will have happened to the endowment policy? I know there wont have…
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I was about to switch to a fixed rate but see I'm on a "BMR" of 2.5% - is that good?
I would be v grateful for some advice as I'm really confused now! I was just about to play safe and switch to a 5 yr fixed rate mortgage when I've looked at my current mortgage rate with Nationwide only to find its 2.5% and called a "BMR" and capped at 2% above base. I'm suddenly thinking that I've accidentally been really…
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What to do for the best please?
Hi there, We have a fixed rate mortgage of £167,999 and our current monthly payments are £800 - for interest only. Our deal with Santander is due to end at the end of May. We are keen to move to a repayment mortgage - now that interest rates are considerably lower than when we took out the mortgage 3 years ago. We started…
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converting to consent to lease near end of mortgage
Hi, I've been looking into moving for a new job but don't want to sell now with the way things are in the market so looking into becoming one of the growing reluctant landlords. I am with Halifax on a fixed 3 year deal of 5.78% which comes to an end this April. My LTV is 85% After phoning Halifax for advice they said I…
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Advice needed re. new mortgage... interest only/fixed rate or offset?
Hi, please could anybody help. I've been looking to get a new mortgage for a while, here are the details:- We have a £262,000 mortgage, LTV of about 72% - current HSBC account 3.95% - 19 years remaining Am thinking mortgage rate is bound to increase in the very near future, so want to get something sorted asap. Should I go…
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L&C Brokers - Mortgage Dilemma
Here is my dilemma! I have just submitted a Mortgage application through the Money Saving Expert site's recommended broker, London & Country. It's a Nat West 5 year fixed rate at 4.05%. I have not yet committed to this, so it would cost me nothing to pull out. Today, out of idle curiosity, I checked the Nat West website…
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Nationwide Remortgage - Confused!
I've been going through the process of remortgaging to the Nationwide since just before Christmas. Baiscally I've just found out, after requesting employment references and telling my broker last week that everything else was in place that my flat has been "down valued". Valuation was done on the 20th of December. Surely…
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Self build Mortgage
Hi, I am looking for advice on which mortgage companies offer self build mortgages and what are their requirements. My mum purchased a property which is on a large plot and after submitting drawings and speaking to planning it looks like my mum may get planning to build an additional 3 bedroom house on the plot. My mum has…
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Northern Rock Together Mortgage
Has anyone asked for a settlement figure for the unsecured element of the Together Mortgage and got a drastically reduced amount, compared with the current amount?
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Address matching requirements?
Hi, I am self employed, For my first 2 yrs of business I lived at my parents. I have been renting for the last 8 years. Since moving out, I have: Put myself on the electrol roll at my rented place, Registered for council tax at my rented place, Changed my mobile phone bill to my rented place Obviously get household bills…
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Mortgage ending soon, plod along or overpay?
Dear All I have a 5 year fixed rate mortgage with Woolwich 5.69% ending 31st Jan 2012 revert to base rate +0.95. My current balance is £16500. If I continuing paying at this rate mortgage is due to finish in November 2013. I have never made any overpayments but now have some spare cash. I rang Woolwich today and they…
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GDP news must mean that interest rates will remain at 0%?
With news that GDP is -0.5%, surely interest rates will remain at 0.5% for a number of months? Thus, those of us who have been wondering whether to fix our mortgage now have a better insight
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Advice Needed - Re-mortgage now or Wait?
All, My situation is this. I currently have an Interest Only Tracker Mortgage of (+0.64%) with the Nationwide. This is coming to an end at the end of October 2011. My LTV is around %50. The question is should I look into switching to another deal now or wait until later on in the year? If the advise is to switch then…
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Mortgage for our position?
We have 50k saved after returning from living in the USA, moved in June 2004 and returned February 2009, still own the property in the states which is rented out long term and covers the mortgage. We have very little equity in this property thanks to the crash, hence the reason to hang on to it and rent out. During our…
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Renting v Mortgage
Hi, a mate of mine commented the other day on renting v mortgage and got me thinking on it as I have always been of the opinion that renting is wasted money as better to pay similar (or a little more) on a mortgage and eventually own your house, however is this solely the case? Im not too clued on about this, hence why I…
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Advice needed - Should we fix now or wait?
My husband and I have 2 mortgages with the Nationwide (we ported one when we moved house just over 2 years ago). The purchase price of our house was £235,000 and is a new build property. The balance on the ported mortgage is £118,612 (fixed rate ended so on base rate of 2.5%) and our other mortgage is £70,004 (fixed rate…
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To fix or not to fix - my decision
I have also posted this in the Mortgage-Free Wannabe. I am not looking for advice, this is just for any people who may be considering whether to fix their mortgage or not. This is also not advising anyone on what to do, just sharing my thoughts/decision. May be worth a read, then again it may not. Just trying to help, if I…
