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Mortgage Service Charge, 14 days to pay
Hello. I am pretty new to this but am at ny wits end now so thought i would give this a go. I have a mortgage for a flat and currently the service charge is £768.19 per year and 2 payments of £75 for ground rent. I have recieved a new letter saying that due to the ''credit crunch'' the company now do not offer monthly…
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Co-Op Ownhome scheme-serious advice/help needed!
http://www.ownhome.co.uk This scheme is from the co-op. They lend you up to 40% of the value of the home you'd like to buy, with the remainder to pay on one of their own mortgage schemes. The 40% they lend you is repayable when the house is sold, at the current market value. So if the market recovers you could pay more…
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Standard Life endowment help
I have a 20 year Standard Life endowment policy due to mature in Dec 2011. It used to there to pay off a mortgage but owing to changes in the property market and me moving house I am now thankfully mortgage free. I did consider cashing in the plan when I became mortgage free in 2005 but decided to keep it as a savings…
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Should I Cash In Endowment?
Thought I Would Try Again For Some Advice On A Popular Subject As Really Need To Make A Decision And Am Very Confused? Our Endowment Policy,a Standard Life Home Policy For £63200 Has Been Running Since 1996 Costing Us £108.50 Per Month.todays Cash In Value Of £16300.projections Are Only £37000 At Low Rate For June 2021…
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Halifax - stay on SVR?
Hi Just looking for some advice: Have a mortgage with 15 years left - just finished a fixed rate of 5.75% and am now on the SVR with Halifax (from 1st feb its 4.5%). The mort is about £75000 I can't decide if I should I stay on this rate? I remember when I took the mortgage out - no one ever was on the SVR and thought you…
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Endowment advice please
Hi there I'm trying to decide whether to surrender or hang on to my endowments but the more posts I read on here, the more tricky the decision seems to be. Any comments would be very gratefully received (particularly those of you with a crystal ball!) I have 2 endowment policies which are no longer linked to my mortgage…
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Should I stop paying into endowment and let it 'tick over'
Hello there I am a new user so testing the water here! We have two old endowment policies but no longer need them to pay off our mortgage but have kept paying into them in order to create a nest egg for our children. We pay 44 pounds into each of the two policies and given the current climate would people now advise that…
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Shared Ownership Mortgages
Does anyone know who does shared ownership mortagages? Im coming up against a brick wall looking at websites!
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worried about accord mortgage
We purchased our house last March and took an 85% LTV mortgage with Accord (a tracker for 3 years @ 0.89% above BOE base rate), we couldn't get a mainstream mortgage at the time due to a couple of late payments on credit cards in the months running up to the move, as its turned out we are on a good deal now. However, we…
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Standard Variable Rate - will fixed rate automatically revert to
Can anyone confirm whether my Halifax 6% fixed rate mortgage which is ending in June automatically revert to their 4.5% standard variable rate. I'm a bit worried they can say I'm not eligible if I no longer have 10% equity in the property. Or maybe I'm worrying unecessarily cos they won't be revaluing the property anyway?…
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Northern Rock 100% Interest Only Mortgage Ends
Hi, First post here so I hope someone can help! We bought our first home in September last year and our Northern Rock 100% Interest Only Mortgage (which was fixed for 2 years) is due to end in September 2009. Given that house prices have fallen considerably in this time, we are now undoubtedly in negative equity, although…
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Re: Mortgage Appointment, Advice? Is it worth doing right now?
Hi there I'm in my late 20's and my oh and I have an appt booked with an FA next week. I was made bankrupt in 2005 by £4000 a small amount (don't ask!) and was cleared within the same year althouhg on file i believe 5 yrs. My partner and I earn easily over £25000 per annum and he has some savings around £15000. I know the…
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Mortgage transfer after co-habiting?
I have been co-habiting with my partner in this house, for 3 years in March. We have never signed any co-habiting contracts of any sort, and the mortgage is in his name only, even though it is myself who pays the mortgage and all household bills. We are about to separate, and while there is no way he can afford to keep…
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Was I mis-sold mortgage deal
Hi all, 2yrs ago i was sold a mortgage deal (through a local broker) with A&L called - 2yr 5.39% Fixed FeeSaver LTV 95% for £60620 (inc £1095 for fees) on a £90000 property. Being naive at the time and having a 1 month old baby i didnt really check all the ins and outs of the deal. Now this fixed rate is up i'm a bit more…
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Voluntary Surrender of Mortgage - Northern Rock
Hi, I'm a new member of the site, but have been reading everyones post/threads for weeks and have found it really helpful and nice to feel that I am not the only one! My situation is: End of last year 2007 we started in financial difficulty, and have tried everything to make ends meet. We vacated out house in January 2008,…
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How easy is it to extend the term of a mortgage?
Hi all, mortgage deal is going to come to an end in April and shall then move to the SVR. Just a quick one wondering how easy it is to extend a mortage? Currently with Lloyds TSB on an 20 year 2 year fixed at 5.49%, so down to 18 years in April. Would be quite helpful to extend it to 25/30 to lower the monthly repayments…
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Help! Whats going on (Woolwich Tracker)
Right, I have had a Woolwich lifetime tracker (0.49% above base rate) for a couple of years. Through 2007 when intrest rates were going up my payments didn't. I asked the bank about this and was told they would be adjusted to compensate at the end of the year. After 12 months they were and I thought no more about it untill…
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How to take my name of Deeds & Mortgage
My husband and I want to increase our mortgage - hopefully only on a temporary measure as we need to get some equity from our house. Our current mortgage is under 70K and the house currently worth about 360K. BUT I work freelance and so we have never ever included my salary when applying for mortgages. My husband has a…
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Should I amalgamate my two mortgages?
And is this possible? I have two properties. The first was purchased for £102,000 with a £60,000 deposit in February 2007. The fixed rate deal, at 5.35%, ends in Feb 2010. The second was purchased for £190,000 with a £10,000 deposit in July 2007. The fixed rate deal, at 5.99%, ends this July. I'm a bit worried that the…
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Are you being or in danger of being repossessed?
GMTV is looking for someone to speak to about what it feels like to be at risk of repossession. If this is you please do get in touch either by calling me on 0207 827 7239 or emailing me on [EMAIL="russell.yeo@gm.tv"]russell.yeo@gm.tv[/EMAIL] Many thanks Russell Yeo News Editor GMTV