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Woolwich Fixed Mortgage overpayment advice
We have a 10 Year fixed Mortgage with the Woolwich. The rate is at 4.98% and we have 6 years to run. We are allowed to overpay 5% fee free, which we have done. We have no other debts and would like to overpay more of the mortgage. The Early Repayment Charge is 6% of the amount repaid. Therefore could some please give us…
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wind fall - pay off loan or put towards mortgage?
I have recently had a windfall of £10,000 and wondering whether to pay of a loan or put towards my interest only mortgage. I have 2 years left on a 5 year loan with a redemption figure of £7,950 at the moment. By paying off 2 years early I would save £550 compared with paying each month until the end of the term.…
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Changing to an exisiting rate with existing mortgage provider
I'm due to accept an offer from the Halifax for a new fixed rate on my mortgage that I have with them. Just wondering if they do a new credit check when they change to a new rate on your mortgage. My credit rating is good but my hubby has started a new business this year and due to cash flow has had a few late payments…
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Mortgage /valuation expiry date
Hello We're almost ready to exchange and obviously have an expiry date on our mortgage offer. However someone told me the lenders valuation also has an expiry date that could end before the mortgage offer expiry date. Is this true or dribble? Sounds like nonsense to me as far as I'm concerned the survey/valuation would be…
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Can I ask your opinions please- fixed mortgage and policies backing up
Hi, I hope that you can give me your opinions/gut reactions on my position please - I'm not sure yet whether there is any point in booking a meeting with a FA...if I can give you a brief resume of my situation - Myself and OH bought a property in 2000, with a Northern Rock repayment mortgage - as time went on we were…
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80% LTV Best 2,3 or 5 year Fixed Rates & Advice Please
Hi, Having read threads about the best fixes for 75% and under I thought it would be good to get something going for some of us who are not quite there yet. I have a reserved a 5yr fix @ 4.59 with Nottingham Building Society which expires next week and we are ready to complete but i thought I would have one last look. My…
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In need of some good advice
Hello everyone, Im a bit new to this, any help would be really appreciated as this is constantly at the back of my mind. I took out a joint mortgage with my ex partner just over 2 years ago. It was a Barrats home and they own 25%, we got the mortgage for 75%. It was all going swimmingly, until we sadly broke up, he took my…
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Missed Payments
Just looking for some advice about the following issue. Me and my partner are FTB with a 10% Deposit Our Combined Income is £74K and based on the mortgage calculators our income is more than enough to borrow the amount we need. I recently ordered a copy of my credit report and was horrified about an old dormant bank…
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Poor credit - is this the best we can get?
Hi, I’m looking for a some opinions. My partner and I are looking for a mortgage, our credit history is poor and our current broker is pushing Kensington on us. I had just accepted that this was our only option but looking around this site I’m wondering if we might be able to get better and would like a second opinion. My…
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What to do?
Got £40k outstanding on mortgage fixed @ 5.63 for next 3 years mortgage has 16 years to run £337 pm Currently working on short time contract not paid well after redundancy \£15k OH working full time 19K Can afford the mortgage no other debts really Have 16k in savings earning zilch Endowment due in 2016 for about £12-16K…
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Going onto my partners mortgage
My partner and I are getting married in a couple of weeks time. Once where married she wishes to add me onto her existing mortgage. The worry I have is that I believe they will carry out a credit check on me, the problem is my credit rating is really poor. Is this right, will they conduct a credit check ? Thanks in advance…
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where can i get free legal advive on-line or on the phone
need advice on... i was ill in 2003 and was never told what was wrong with me i was in hospital for wks with tests and never told anything,i went to the doctors yesterday for somthing else and while there i asked if he could tell me what i was ill with....he told me i had ms but the doctors didnt want to tell me at the…
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Mortgage Interest Question
Hi, I have a quick question about how I calculate my monthly interest rate on my mortgage. The way that I have tried to do it is this Remaining balance x Interest Rate % = yearly interest. Divide this by 365, and x by the number of days in the month. I've tried to do this and apply it to past payments but the interest…
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Debt and getting a mortgage,
Hey, I'm looking to buy a house with my partner, with her being self employed we are more than likely going to have to obtain a mortgage solely on my earnings, £23600, I also have car finance of £190 a month, at the minute we have £2800 outstanding on a credit card 0% for 15 months, this can be cleared by 1/10/2011, I just…
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Helping Parents-inlaw get a mortgage
Good morning, My Fianc!'s parents have a mortgage secured on their house that they have just sold -not completed yet. Her mum is struggling to keep up the payments on bills/mortgage etc as her dad no longer works (due to illness). She has had an offer accepted on a house that she wants but is now struggling to get a…
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Limited company director trying to get a mortgage please help!
Hi all just wondering if you had any advice for me. My husband is currently a 50% share holder managing director of a company that he took over in Jan this year (when his dad retired) the company has been up and running successfully for nearly 20 years but we are finding it incredibly difficult to get a mortgage because…
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Cancelling Mortgage Protection - Yes or No?
Hi, Not sure if this is the right place to post this, basically we are in the process of buying - hopefully moving 4 weeks today, yeah! We have our deposit sorted and I have my house on the market, only been on for 5 weeks (but no interest yet, boo) and the Halifax have agreed to us having two mortgages (new one for…
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Does partners contribution count?
When applying for a mortgage in a single name, would mortgage companies consider the financial contribution being made by a partner as additional income and therefore lend against it?
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Changing BTL (LTB) to Residential
I currently have a Let to Buy mortgage on my cottage and a Residential mortgage on my family home (currently living in) Cottage is currently being rented out but the deal on the LTB is due to expire. Would it be possible (if my rental property was free from tenants) to get a new Residential mortgage from a different lender…
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Mortgage Credit checks
Dear anyone In a terrible mess. Rented house from employer. They have served notice to move by 30the september 11. I have been trying to get a mortgage for 12 months. I have not missed a mortgage/loan payment for over 2 years. However, I and my husband had a default over 2 years ago. We had these due to a very bad move and…
