-
Is 5% an unreasonable early repayment fee?
Hi, newbie question I'm afraid, but finally getting sick of too much debt and not enough savings this year, I'm trying to get to grip with our finances. My wife and I have 4 kids, she's self-employed, I'm employed and run my own (very small) business as well and the money just doesn't seem to stretch to everything. So I've…
-
AAAaaargh - husband's rubbish credit rating
We have saved up a decent deposit and seemed to finally be in a position to buy. Checked my credit report last week and was quite surprised to find it's actually really good. Just checked my husband's which I thought would be much better as he has credit cards and I don't. He's got loads of late payments on his current…
-
Any suggestions to help reduce mortgage payments to allow me to be SAHM?
Hi everyone, I'm here to ask advice to see whether or not it is possible to fulfill my dream of being a Stay at Home mum until my daughter starts school. I am currently off on maternity leave and can't imagine having to go back to work and leave my daughter with someone else, however that time is getting closer and closer.…
-
Name on mortgage but not on deed
Dear all, My wife and I are planning to buy a family home and let out our current property which I bought before meeting her. The idea was for my wife to be the only name owner of our family home (i.e. be sole name on the deed and the mortgage). However, as my wife is pregnant, the bank is saying they won't authorise a…
-
Commercial Mortgage - No deposit
Hi, I am new to this forum but have used this site many times for advice and vouchers :beer: Right, here we go.. I work part time as an Administrator and earn £7700 per year from that. I have about £2000 in savings and own a car worth £3000. My partner is studying in uni and has a part time job in a Coffee shop and earns…
-
pay or not pay the early redemption fee?
Hello. We have 18 months left on our fixed rate repayment mortgage and as we are looking to move, we will be liable for a £2000 early redeption fee. We have been told that we can "port" the mortgage deal onto our new house which will mean we do not have to pay the £2000 (we do not plan on borrowing any more) but as our…
-
Remortgage Newbie Question
My 5 year fixed comes to and end in August (can only overpay £499 a month without penalties and 10% each year in January). I want to go on the lowest rate tracker mortgage available (I know the base rate will probably go up 0.5% by June and more so in the next few years) but I'm in a position to over-pay treble what the…
-
Mortgage transfering to new property???
Hi sorry if there is already a thread but i cant seem to find the info on what i am looking for. Right basicly we brought a house in 2007 for £165,000. My husband and i took out a mortgage for £96,000 for the house and my uncle very kindly paid the other £69,000 for the property for a percentage share in the property. Now…
-
Fixed Rate Mortgage
The current consensus of opinion seems to be get rid of your tracker and move to fixed rate. What's your view on who is currently offering the best fixed rates for a 3 to 5 year term?
-
New Repayment Mortgage (Advice Req'd)
Hi, My 5-year fixed rate (4.69%) mortgage with Nationwide is about to expire and I'm looking for advice as to what to do next. I have only ever had a fixed-rate mortgage and I'm presuming that with the imminent rise in interest rates I would be best to take out another long-term fixed rate deal? I have 17 years left on my…
-
MSE News: Halifax to repay £500m to 300,000 mortgage holders
This is the discussion thread for the following MSE News Story: "The bank will pay compensation to borrowers who were given "confusing" information about a cap in interest costs ..." Read the full story: Halifax to repay £500m to 300,000 mortgage holders
-
What if nothing has been sold?
We are hoping to get a much better rate when we remortgage in June (currently 7.8% :mad: ) But, looking on Zoopla there are no other sales in our area (apart from our sale when we bought this place). Also, we are a row of 5 terraced cottages, there are no other properties of this type anywhere near, and we have spent £20k…
-
What's the difference......
What's the difference between BMR and SVR ?
-
Lifetime buy to let
My parents have a buy to let property on interest only, and it concerns me that by the time they are 70 they will have to sell the property to repay the debt, is anyone aware of any shemes that run for lifetime ?
-
FTB applying for mortgage when pregnant?
Hello all, I’m looking for some friendly advice and I’m hoping some of you will be able to help me. Myself and my partner have been saving for a deposit for nearly a year and a half. We will have enough for a 20% deposit on a £120k house in July/August. We both work full time and have a combined income of £33300. One issue…
-
mortgages - going to the lender direct
are there better mortgage deals to be had by going direct to the lender themselves rather than use a broker? If this is a new trend it must be a bit unsettling for the brokers.....
-
Struggling to work it out help needed!
Hi Hoping someone has the patience to give me a bit of help here. Our last mortgage statement says our interest rate is 1.45% (we came off a fixed deal 18 months ago). Our outstanding balance is just under £40k and we have 13 years left on a repayment mortgage. My thinking is that we are better off staying on this rate…
-
Getting Married...what happens??
Hello, thank you for taking the time to read. I'm getting married next june and not sure the best course of action, or what actually happens. I've lived in my house for 5 years now, and my parents helped by paying the deposit and have contributed finanically towards it when i was first starting out. My name is the only one…
-
Repayment /Interest Mortgage extra Payments or not?
moved post to mortgage free wannabe
-
What are my rights, left ex in the house for 2 years?
Hi I split with my ex over 2 years ago, we had a fixed rate mortgage with northern rock, northern rock wanted £5000 to change it and remove my name, I agreed that she could stay in the house and she would pay me the sum of £11000, so for 18 months she has been paying me £100 a month and the fixed rate is up in October so…
