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Grandparents passed away and left home to my dad
Guys, I was wondering if anyone with any law experience could help? My gran passed away last year and now her home is left as is. My aunt is the Executor and has filed to change the name of the estate in my dads name (as requested by both my grandparents before they passed) The first letter went out to all the family…
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Will Renting costs rise because of the increase in interest rates?
Does anyone think that renting prices will rise because of the rise in interest rates? One of my friends rents his house and was getting rent to just about cover his mortgage but he just renewed his mortgage last month and says his mortgage has went up to £600 from £450 and now hes raging hes got to pay the extra £150 per…
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* Which mortgage have you chosen? *
Hi all, first time buyer here. I've been researching for days, but the choices are a bit pants at the minute. I just wondered who you decided to go for and why, and what the mortgage deal was? We've had a best bet at Skipton BS.
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Concrete houses
Hello all, I have seen a couple of concrete-built houses for sale that I might be interested in. They were evidently built using the craftcast technique. This was apparently quite succesful. I am aware that there can be problems getting mortgages for non-traditional built houses. Is there some general rule of thumb with…
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Calculating mortgage payments/overpayments
Hope I don't confuse anyone, I just want to check this is right, looking to borrow £3k on top of mortgage for roof, not sure if I want to be borrowing extra in current climate but roof may not survive another winter..... house value last year approx £124k, what its worth now is anyones guess, say £110k. Current mortgage…
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The good, the bad or the ugly Endowments?
How can you find out which companies are doing well and which are the poor performers without reading what it says on their own web sites - they would say they are doing well wouldn't they. I have a Scottish Life policy and can't work out what to do with it by reading the Scottish Life web pages. I am an intelligent…
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Remortgage due in 14 months. Dramatic salary decrease since remortgage. Advice please
Hi, I am curious to get the opinions of yourselves on the board here with regards to what will be an upcoming concern for me. I remortgaged on a 2 yr fixed last November 2007 at a rate of 5.59%. At the time the valuation survey(Sept 08) was carried out priced my property at £270,000. My current outstanding balance is…
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remortgage advice
Hello forumers, This is our first post in any forum so maybe information we offer will be inadequate however: We would like to remortgage 1 of our 2 mortgages as it is coming to the end of its fixed term period. It is for a total of about 11% of property valuation. The 2nd mortgage is for about 27% of valuation of…
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Is it too late to change?
Hello, My current fixed rate ends in 3 days with nationwide and i have secured an offer of a new fixed rate with them for 5 years to start 1st September. There was no fee involved to set this up but i have signed and sent back the forms and received confirmation the switch will take place. I think its too late to do…
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Unexpected last minute charges £800
Hi there I wonder can anyone advise me before I go disputing something! I have just switched over my mortgage to a new lender and used FSA regulated brokers to handle everything for me. My completion date is today, however I received a call from the solicitors yesterday to tell me that my previous mortgage company is…
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Please advise anyone who may have done this
I took voluntary redundancy from my work and got a lump sum and a small monthly pension. My mortgage payments are high, nearly aswhat my pension will be. I need to pay a good chunk off my mortgage and lower my monthly mortgage repayments otherwise I wull end up in financial disaster. I am with one of the big lenders, can…
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Mortgage Help Please.....
Hello Everyone, Help would be appreciated.... I am after a mortgage which I am going to spread over 25 years but hoping to pay it back in a lot shorter period. Therefore I need no repayment and settlement charges. I'm just struggling a bit with all the jargon etc - is it a risk to either take a tracker or fixed rate with…
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Effective interest rates and compounding
Hi All Im currently writing an Excel spreadsheet to calculate montly payments and interest etc. Im writing it myself because the ones Ive found elsewhere don't allow you to take into account offset savings etc. Anyway, can anyone confirm that mortgage companies who are charging daily interest compound the daily interest…
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Mortgage question
Hi... have been overpaying reasonably well against mortgage which has just dropped on nationwide SRV (looking to move to tracker shortly)... I've been thinking that one day in the next couple of years we might rent out this property & I think if the mortgage was bigger (ie. without the overpayments) we would be able to…
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Re-Mortgaging - Will I have a problem
My first post here so hi, and go easy on me!! Last august me and my partner bought our first property but struggled to get a mortgage. We went through a broker who was a friend of the family so he is someone we can trust. Both me and my partner have some debts but nothing we cant control, however i dont think my credit…
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Student Loan and Mortgages
Basically I have been fortunate enough to be able to afford going through university with the support of my parents. Because of this I have been able to take the maintenance loan each year and saved it in various different investments. I will graduate in June next year with about £25000 debt to my name. However, I will…
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Help with Endowment Shortfall
please delete duplicate post
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Advice on surrendering a Phoenix Endowment
Hi All, I am in a position where I need to surrender an endowment policy due to divorce. We have both agreed that the proceeds will be retained for the educational needs of the children in the future so want to make sure that I am getting the best possible value. Neither of us require the investment for properties or the…
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Current lender not released redemption figure
Hi, Wondered if anyone had any similar experience and whether I should be worried? Sorry for the length. I am remortgaging to One Account on 1st Sep, as my fix with A&L ends on 31/8. I hadn't had anything from either One account or the solictor (Gordons) to basically confirm in writing that all was going through on Monday…
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Nationwide - new fixed rates tomorrow (28th Aug)
http://www.nationwide.co.uk/mediacentre/PressRelease_this.asp?ID=1254