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Tracker mortgage signed and now refused - HELP!
HI, My partners mortgage was up for renewal and so visited the bank and did the necessary ammendments and was offered a tracker mortgage which he accepted and signed papers etc.. This was done on the saturday before the interest rates were cut on the monday. 2 weeks later the lender has basically said that this is not…
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Should I Stay or Should I go now?
My mortgage lender (Egg) was excellent, but seems to have gotten a bit lethargic following takeover from Citigroup. A quick check of the website and I found they have withdrawn all of their EGG mortgage products. Following the recent 1.5% rate cut i thought I would wait and see what they decided to do. I now have a letter…
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Can anybody help with working out fees?
We need to re-mortgage and have the choice of 2 rates - They are both 2 year fixed for a £140k mortgage. One rate is 4.69% with a £999 fee, and the other is 4.89%, with a £499 fee. Is it worth paying £500 more to get a 0.2% cheaper rate? :confused: Thanks
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Can anyone help
we are now 2 months inarreas with mortage and some bills! cant pay as hubby on sick and only now getting SSP. can we sell and downsize before we loose everything we have worked for? we have over 100 thou equity in the propery. cannot see him returning to work in the near future! We have secured loans on the property also.…
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7 year Fixed.
Hi all, first post. Our 3 year fixed with Northern Rock ens on 1st Jan 09 so I'm currently on the hunt for a new deal. We owe 81K, house valued at 160K so fortunately we fall into the best LTV category. I know there's a good few very tempting trackers out there at the moment (3.99 at HSBC etc) but we have a one year old…
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Selling endowment policy - who buys ?
Is there a list of companies anywhere that buy endowments ? Just had a quote from Robin Lloyd - they've increased on the endowment surrender value by £600 odd, but not impressed with their service - there computer has lost details etc .. By comparison an online quote with AAP told me that it was worth potentially upto…
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Any mortgage advise greatly appreciated
I have tried to contact 3 different mortgage advisers and have had no luck so would really appreciate anyones thoughts. Me and my partner have found a property that we would like to purchase as first time buyers and would like to know what kind of position we are in, in the current market. The price of the property is…
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advice please
Hiya Mortgage amount of £74950 Secured loan of £3000 On a together mortgage with northern rock Was thinking I might try and release some funds however I dont really know what that means!!!! I am on a fixed deal until 2010 have been on it for 3 1/2 years now. House recently valued at £99000 however realistically would be…
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Nationwide Tracker - incorrect new payment?
I received the "notice of mortgage rate change" from the Nationwide today and was surprised the repayment had reduced by so little - given the new rate was 3.33% down from 4.83%. Checking the previous rates and payments and calculating (literally) on the back of the envelope, I'd say the payment is not based on the 3.33%…
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Just received letter from Northern Rock
Received a letter today telling me that they have introduced an intrest change. However my mortgage is made up of 6 loans, initial mortgage and 5 secured amounts my current rate for 5 them is 6.39 and they say the new rate will be 6.24 surely this isnt correct, one of them which rate is 7.34 is dropping too 5.84 anyone…
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What happens if I can't get any remortgage deals?
Hello all, I bought a place with my dad as a joint owner, we paid a £28,000 deposit and took a mortgage with Abbey for £250,000. My dad earned £50,000 a year where as I only earned £24,000. So we only got the mortgage purely on my dads earnings. The problem for me now is that with my dad no longer with us and my current…
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Euro mortgage in Spain: pay off lump sum or what?
I have a very high mortgage with a bank in Spain, in Euros, which I had to take out to buy a property over there in 2006. Obviously that was at the height of the selling frenzy and property selling is currently almost impossible, without significant loss. The value of the property is now two thirds of what I paid for it…
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Mis-sold Endowments-how unlucky is this?
Don't know if there is any help out there, but any advice that can given would be very gratefully received. We took out an endowment policy on 25 March 1988(!), 6 days before FSA regulations apply. The policy was with Standard Life and was for £39000; it was a with profits policy. It was sold to us by our bank HSBC. At…
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HELP WANTED URGENTLY PLEASE or when ever convenient
I have a fixed rate mortgage which is due to end in September 2009. I remortgaged in Sept 2007. I've been watching my payments closely and it seems I have only scratched the surface and no major difference has been made:( With the repayment deal coming to and end in Sept 09 is it wise to stay on a repayment mortgage or…
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How to sort myself out with a mortgage
Hi all, Not sure were this belongs but here seems a good place to start:D Situation is split up with wife last year& I moved elsewhere for work. Now legally divorced and house is up for sale At the moment the mortgage is with the RBS. I currently rent a flat I've extended the lease until next May. I have been self employed…
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Is it best to overpay on tracker now interest rates are low??
Just a quickie! Me and hubby have just bought a house at 106k. We secured a tracker with Britannia which tracks at 0.85 above base rate. We are due to make first payment on mortgage in dec. Question is - given interest rates are low is it especially worth overpaying now (as opposed to when interests rates are a bit…
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HSBC remortgage & DMP
Our 5 yr fixed rate is due to finish with HSBC in April 09, I took out a DMP 2 years ago, can anyone advise if we are not moving and need to get a new fixed rate with HSBC will they penalise us for me being on a DMP? Our current rate is 4.75% Would they make us go on the variable rate? Any advise would be gratefully…
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help urgently needed
HI My brother urgently needs some advice - he has recieved a letter to attend court on the 4th Dec for the mortgage company to obtain a possession order. He has been in contact with the mortgage company and they have said that if he pays £3000 by the 4th they will stop the court and make further arrangements . He will not…
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What to do with Mortgage savings?
I will be paying £450 less a month from 01 Dec on 3 Interest Only mortgages that i have. Should i try and pay off some capital or invest elswhere? Any advice much appreciated. Phil
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Should I draw down the overpayment on my mortgage?
Im new to this so please bear with me...Let me start by explaining my circumstances I bought a house in July 2007 for £250,000 with a £100,000 25 year mortgage. The mortgage is a base rate tracker at Base Rate minus 0.31% for two years, and then reverting to Base rate plus 0.99% for the rest of the term from July 2009…