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Early Redemption fees taken then repaid?
Hello I hope somebody can answer my question... To avoid early redemption fees with my current mortgage provider I have ported my mortgage with additional borrowing. It states that once my current home is sold I will pay this fee unless I port my mortgage. My current home is sold stc, I have had a new mortgage approved…
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How to turn outright owenership of one flat in to two that are mortgaged.
I would appreciate advice on following: Just over a year ago I bought a flat (leasehold with very long lease) outright with no mortgage thanks to an inheritance. I would now like to buy another flat of similar value (~£225k) and let the existing one out. In fact I have a potential tennant and have seen a further flat I…
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Should I ditch my fixed rate mortgage?
I have a mortgage with Halifax which was fixed rate at 5.89% for 5 years. I have 1 year remaining but the halifax SVR currently stands at 3.5% which would make my repayments much lower. However I would have to pay £1,300 to end the fixed deal. I am overpaying the mortgage by £100 per month at the moment but if my…
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remortgage with a fix, but possibly letting later
Hi, I'm currently looking to remortgage my house to get a better deal (current RBS mortgage is about to revert to a 4% variable). amount to borrow = £63000 house value = £140-150,000 My intention is to go for a 3 or 5 yr fix with no (or minimal) fee at either 3.55 or 4.29. My worry is that I may have to move within the…
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Swtching Lenders
I have a fixed rate mortgage with Northern rock asset management.Can i switch lenders,i read somewhere that i am unable to.
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UK Mortgage Holder now abroad.
Hi All I have a lapsed fixed mortgage with Lloyds which has switched to variable rate and have been enjoying a low interest rate for a little while. All well and good but I have been thinking about changing to a new deal in the medium term to head off any issues when rates inevitably start to rise. The complication I have…
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endowment claim
I purchased an endowment for a mortgage around 1998 through abbey national. The endowment company was legal and general. I cashed this in to move home (2003) and change to a capital repayment mortgage. I have contacted abbey now santander and inturn contacted legal and general with regards to this endowment. At the time i…
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End of Mortgage
Hello Does anyone have any views please on whether to completely pay off a mortgage or whether to keep a few pounds owing? I had heard that it was better to keep it because then the deeds are kept safe. Any comments welcome Thanks# Viv
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interest only mortgage mistake
I had an interest only mortgage with Northern Rock and only recently changed to repayment when I learned it was interest only I had an endowment mortgage which was underperforming, so stopped the endowment policy. I went to Northern Rock for a new deal which is my current deal and thought i had changed over to a repayment…
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Overpaid Endownment.
I recieved a letter back in May saying that i am getting a cheque for £17,000 for my endownment. Me and my husband are divored and we woud both recieve just over £17,000. I called twice to Abbey Life to confirm that £17,000 was the correct amount and they said yes. I have now recieved a letter saying that me and my Ex…
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£25k for improvements without remortgaging?
Hi, We have recently come to the end of a 3yr fixed rate with Mortgage Express, our payments have gone from 700 to 250. We would like to do some improvements on the house, conservatory, extension etc. I don't want to remortgage as we would lose our 2% rate (or close to it) Is there any other way to raise the money? Can you…
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Transferring a mortgage?
Hi My parents would like to transfer their mortgage to me (their son) and my girlfriend. I've never owned a home and have lived in the home I'm looking to buy for around 16 years. They have £106,000 outstanding on an interest free mortgage which is due to expire in 3 years. If the mortgage can be transferred to myself and…
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FTB Newbie Question
Hi, I'm buying a house, I've put an offer in and it's been accepted, I've since had a structural survey done on the house and there are some issues for example high levels damp of on a gable wall, the chimney needs overhauling/rebuilding as the brickwork is defective and a few others. My question is can I now go back to…
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Mortgage refusal
We were AIP a mortgage and were up front about my partners previously late mortgage payments whilst his house was being sold. His ex did not keep up her part of the mortgage though my partner kept up his for the last few months before the sale. Like I said, we were up front about this and our broker told us the lender…
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With Profit Bonds
When I retired 7 yrs ago I invested 10k in a 5 year with profits bond , I have received special bonuses 3 years during that time which seemed reasonable in the recent hard times. I have no immediate need of the money. I like that it is pretty low risk thing but should I be considering withdrawing and getting a better deal.…
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Can they do this?
The Halifax building society have just done a valuation on my current property, they have under valued it by a massive amount they say that this is the mortgage value, but I was under the impression it should be market value as that ws what I was asked at my appointment, any ideas I'm pulling my hair out here!
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Financial adviser on mortgages ? Shd I get one
I am hoping to buy my husband out on our mortgage free home. My solicitor has given me a number for a financial adviser but my funds are very low and if I can I am hoping to read and find out my best opinions via the net myself. If I'm truthful though the whole thing is like a massive jungle where to start. :mad: I…
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Vendor paid stamp duty
Seen a house we like where vendor is offering to pay stamp duty. We've also negotiated 14% off the asking price. We have an AIP with the Halifax and as their gifted deposit scheme has ended we assumed that the amount of stamp duty would be deducted from the amount they will lend to us meaning we put down less of a deposit…
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Rest Assured Mortgages
Has anyone used this company/their services. Are the reputable, have been dealing with someone over the phone & through e-mails and just wanted to double check that they are reliable. They seem very good as it stands. Thanks Rebecca
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interest only remortgage
Hi I am just looking into a remortgage on an interest only basis for a year or two while things pick up in our family business. The remortgage would be for 198K and I have an LTV of approx 60% My question is their anything I should be considering before going ahead with the application. The mortgage I am looking at is with…
