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Remortgage or not, interest only or repayments?
Hi all I will really appreciate your advise. House value: £230,000 - £240,000 Mortgage: £200,000 (Halifax) Type: interest only Fixed terms ended few months ago We have a saving of £20,000 plus parents helping us with £30,000 that makes it £50,000 in total. We want to pay the £50,000 towards our mortgage but scared if we…
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Letter to mortgage company
Hey all, Been overpaying for years and managed to take get down to 12 years remaining from 19. Enter children and everything else expensive... Phoned mortgage company to see about lengthening the term up again, and they suggest I put it in writing. Would anyone have a template for such things? Ta!
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Nationwide Mortgage - Accountants Certificate
Hello, Just filling out my application form for Nationwide and its asking for income. Main income is fine, its PAYE- and have P60 + payslips. Second income is from my Limited Company which has been trading since 2010. They say they will get an "accountants certificate" for the accountants to complete. While they do that,…
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I need to discharge a 2nd charge on my property
I need to discharge a 2nd charge on my property, which as I understand it is relatively simple matter and for a solicitor, shouldn't take to much work, but the conveyancing solicitor I've approached is asking for £450! Firstly I'd like to know if this fee is fair or should I look for another solicitor. Secondly, since the…
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L&G Endowment surrender/compensation
Hi, I have had an offer of £2,500 for mis-sold endowment which is great. However, they have also offered me the chance to surrender my policy and pay me £11,869.07. It's been running since 1999 and matures in 2024, paying in £74.44/mth. I've worked it out and it's slightly less than the premiums that I've paid in. I'm not…
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Re-Mortgage - 5 year deals
I have asked previous questions about when I can mortgage etc, however I am now within the time frame when I can re-mortgage. I am looking for a 5 year fixed rate deal with 60% ltv and I see over the last week there have been a whole raft of changes and better deals offered. House - £225,000 Mortgage - £126,000 Term - 16…
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Mortgage Overpayments
Good afternoon - I'm after a bit of advise please. I moved into my new property in June 2011 and was able to transfer my previous mortgage across and took out another mortgage for the remainder. I have my initial mortgage which was £100,079 at 3% The second mortgage was £77,571 at 4.88% I want to make regular overpayments…
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Is it best to use a Broker/IFA?
My fixed rate of 3.59% with RBS is ending in the next few months and I was looking for some advice on how best to remortgage. Value of Property £132,000 Mortgage Outstanding £86,000 We are currently paying our repayment mortgage over 17 years. My husband and I earn £52k (will probably go up to £54k after pay rises)…
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French mortgage - advice please
I have a property in France which has a relatively small mortgage (50k) on it. Can anyone advise if I should pay it off if I can get a Buy to let mortgage on an inherited property in the Uk. Currently the rent from the UK property pays the French mortgage but with fluctuating euros and changes in my circumstances- retired…
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First Time Buyer Advice Sought
Hi All, I am new to this forum and have joined in the hope of receving some advice that may assist me in getting my first mortgage. The situation is as follows: I am 25. I live in Scotland. I am trainee solicitor with a present annual salary of £16,200. I have a partner however she is a student with little to no income and…
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need some help please Nationwide mortgage
Hi Can any one advise please We have had 2 mortgages in principle from nationwide, we are on 5 year fixed just finished the term and are moving house, The mortgages in princople have been with drawn and our brokers said Naitionwide should have not offered them becausethe product has not been avalable since 2005. anyway…
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Mortgage with the Chelsea
Thinking of approaching them for a mortgage, any reviews ? I've read they are part of YBS, so presuming they have the same processing centre, the reviews for YBS (which are not good) apply to them aswell ? Any idea about turn around times ? Is it best to go through a broker or approach them direct ?
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Self Employed and My Mortgage
Hello: I was wondering is anyone faced a similar situation I was facing with my mortgage and being self employed... Work: I have been in full time employment from 2005 Last September I made a move to set up a LTD company and do freelance consulting which is going really well, steady income which is now bringing home more…
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Overpay with savings?
Me and my girlfriend are currently deciding whether to use our savings to overpay the mortgage a bit in the next few months. We have about 8k stashed away (which isn't earning a great deal of interest at the moment either) and was wondering whether it's worth overpaying. The maximum without incurring a charge is 500 per…
