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A Plea for help... Remortgage advice- can you advise?
hi, this is my situation i know what i have to do but i am not 100% sure on how to do it. i need to remortgage :( in december of 2006 i bought a flat for 107.5k and i had a 10% deposit and went on a interest only tracker mortgage which has a 2 year interest only period which ends in december 2008. i have not missed a…
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Can someone just explain this bit for me
I'm a FTB (or will be)and have been looking into buying a house (don't worry not just yet) Have been doing lots of research etc have been visiting EA and doing a couple of veiwings (on repo's before people have a go, as not to get sellers hopes up) just so i can get a feel of how EA work (some really do make me giggle) I…
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Fixed or Variable?? Help!
Hi there I wonder if anyone has some advice. I am currently on a fixed rate (5.75%) mortgage, due to end at the end of December. My bank has more or less advised me to go on the variable rate as this is due to drop on the 6th Dec to 4%, which will mean I will pay over £100 less per month in installments. They won't really…
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remortgage advice pls?!
HI, I was wondering first of all if anyone can recommend an IFA/Mortgage broker in the north devon area. Secondly I;m after a little bit of general advice..... I am looking to remortgage and add to build a much needed extention (2 kids sharing a bedroom!!). MY figures are roughly - £73k current mortgage (SVR) 18yr term (I…
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Parents on mortgage ?
Hi Dont know if this is a silly question or not but was wondering, is it possible to have a joint mortgage with my parents. Thanks Steve
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Unit Linked Edowment
Gutted. I have a unit linked Endowment surrender value is £16,300,in Sept valued at £18,000. it should have paid our mortgage of £40,000 the mortgage is due to be paid in 2012 and not sure what to do now. I have been told I cannot sell on as it is unit linked. Endowwment sold to us in 1992 by Abbey Nat Building Society now…
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Dodgy redemption fees
Okay im moving house or trying to and i know im closing my mortgage early but this is my problem on the 20th nov i requested a redemption statement it quoted Balance 82287.92 Interest till 20th nov 4316.23 Early repayment charge 3352.50 Fee 195.00 Sub Total 93151.68 Minus repayments made this year 5528.30 = total 87715.55…
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How can I move house?
Ideas please. My little family is fast outgrowing our 3 bed terrace (~115k)and we want to move to a semi on the same estate (~145k). A few months back this was perfectly possible, I had an agreement in principle from our current lender to lend upto £135k and upto 90% LTV. Since then the world has gone mad and it seems that…
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5 Year Fixed, 60% deposit, second mortgage?
Hi all Im new to the site but with all the recent happenings with regards to the house prices etc it got me thinking and i am looking for some advice. I got a mortgage last may on a middle terrice in Manchester valued at around 165k. I was lucky enough to have 90k to put down on it and the rest i got a mortgage for and am…
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Another ERC Query .....
I hope someone can give me some sound advice - me and my husband took out a self cert remortgage about 20 months ago - we are now seperating and i need to get a new mortgage, i have asked for a redemption statement and i have to pay a redemption fee of £125 and and erc of £5,800. I don't remember them saying that the erc…
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Northern Rock delay passing on the rate cut!
I've just been told that NR are cutting thr rate on the 1st Dec but it will not come into effect until 1st Jan09!!!! How can they get away with this?
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Confused about mortgage rate with Northern Rock!
Hi I'll try not to go on too much with this post! Basically I took out a 100% mortgage with Northern Rock in October 2007, and also borrowed an extra £21,000 from them as an unsecured loan. This was on their Together Variable offer and is a repayment mortgage. I was expecting my monthly payment to go down quite…
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Auction mortgages
Does anyone have any links to or info on auction mortgage rates please?
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Can anyone tell me where to start??
A friend has come to us for help after having got herself and partner in a complete mess financially. Yesterday we 'purchased' from them a motor bike (that we don't want!) to enable them to pay a £5k lump sum off their mortgage arrears and avoid eviction this morning at 10.30. The eviction notice was lifted yesterday on…
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FTB - Is it worth me trying to get a morgage at the moment
Hi all, I'm a FTB. I have saved up just over £40,000 (+£3K for legal fees etc). However I only want to use £20K for my deposit. The other 20K I want to use for morgage repayments. That way I always know I can pay at least 2 years worth of morgage payments. My accounts are done by an accountant. Does this mean I don't need…
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Returning my policy docs - why?
I've just had a letter from my mortgage company (Birmingham Midhsires), telling me that they are 'releasing' my policy documents. The policy has six years still to run. Why would they do this?
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Should i change?
I'm with Kent Reliance Building Society. Currently, I am on a tracker, paying 5.5% and am expecting the last 1.5% decrease to come next month as the previous increase was passed on this month. Today they sent me a letter offering a fixed rate mortgage for 3.89% for two years or 3.99 for three years. Whats more, there…
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Should we cash in endowment?
I am sorry to post this, I did try and search the forum, but I couldn't find anything. I get very panicky dealing with financial things and words can run into each other and I get really confused very quickly. My dear heart is worse. So I thought I would ask for the opinions of the kind people on here, because I had a…
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Are people overpaying still?
With all the interest rate falls recently and still to kick in with many, how many people will be keeping their payments the same level and making the most of this and overpaying etc?? With worsening savings rates now, does it probably makes more sense than ever, especially if you have the facility to get at these…
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Barclays/Woolwich 3.99% fixed?
Was paying in a cheque this lunchtime and saw a big handwritten note on all the tellers' windows saying something like "Mortgage - new fixed rate - 3.99% - ask for details". After I'd paid the cheque she said that today was 'mortgage day' and when was the last time I'd had a review.. As I value my lunchtime I made my…