james d info as requested

shaman_2

---

sorry bit late been busy lol
my present mortgage is part and part, repayment for the 7,000,and an isa for the remaining capital of 15,000 as the mortgage is small would i be able to transfer mortgage to another broker or just opt for repayment with the halifax? and poss retain the isa as a savings plan without breaking bank?

1. current balance = £21,000
2. current rate = tracker rate 5.75% till august then goes up to about8%
3 special offer or discount period = see above
4.If I overpay what penalties = no penalty
5.If I overpay when will interest change = interest calculated annually
6. What can Halifax offer = have been offered a new tracker mortgage at 1.4% above base rate for a further 2 years till oct 09 with no payment penalties and interest calculated daily oops forgot to ask them about converting to a repayment mortgage all this based on the part and part plan I currrently have

Hope this is enough JamesD

THANKS !!:T

I if change mortgage provider would there be fees and would this make it a false economy?
thanks in advance

jamesd

Got it, I'll post in the other discussion later, once I get a break at work. Initially: 21,000 is low for a new mortgage, 25,000 is a common minimum, and you would have to pay fees to both leave your current mortgage and join a new one, both of which would be quite significant with such a low mortgage amount outstanding. The Halifax deal with the same lender may be without fees and if so that might well make it your best option.

regularsaver1

you can change your mortgage to daily interest meaning if you overpay it will benefit same day

the only option currently is the 1.4% abover BOE - 5.9% - this is the only option they are offering to mortgages below £25k

and at same time can be converted to repayment

i review these mortgages see

jamesd

Sorry, I didn't get a break at work, possibly will on Friday/Saturday night.