Quote:
Originally Posted by lilmiss
No :lol: Your toe
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Quote:
Originally Posted by lilmiss
No :lol: Your toe
Ask me :01: I know everything about nothing :DQuote:
Originally Posted by lilmiss
@Ike......Me? :crying: just cos I panicked 2 mods and 1 admin :lol:
Jonno :cool:
We might be able too Lilmiss
I doubt it. :no:
But here goes...
I've tried
Ok, another for you....
If I sell my flat and move on, what kind of mortgage do I go for? :unsure:
And where should I go? :huh:
Mortgage advice is a bit beyond me :lol:
Mortgages are scary :ph34r:
Maybe a Wanker.......I mean Banker could help......or just for fun ask Manker :01:
Jonno :cool:
I don't give mortgage advice :ph34r:
My opinion, fwiw. A straight repayment mortgage with a fixed rate is usually advisable. There are lots of gimmicky mortgages on at the moment but they usually have catches, like an interest rate hike, so be careful of them. Don't even think about endowment mortgages, they are the spawn of satan.
Nice rhyming, Jonno :01:
I've just read the other post :blushing:
No need to move away, lilmiss. No need for mortgage advice. End it with the bloke and stay where your loved ones are :01:
Quote:
Originally Posted by manker
:01: *bows* Thankyou thankyou, I will be here all week, refreshments available at the front desk :01:
Jonno :cool:
Why?Quote:
Originally Posted by manker
The ones I love will be here forever. :D
And I have had too much bad luck in this town.
Im fed up of it. :crying:
At the moment, I have a variable morgage.
I dont think I have any kind of insurance plan though, and the company I pay my ground rent to, want to make me a director of my building. I find this odd, as if they go bankrupt, I will be in big trouble. :ph34r:
Plus, they have added some odd things on top of my ground rent this year.
Electric, gardening, decorating....when I pay for these myself.
I gotta get out of the flat, so I may as well aim at a new start.
Obviously it wont be for a while, but I have to start thinking about it.
I wouldn't move from where I live because I wouldn't see my loved ones as much. That is what I meant but if everyone thought the same as me it would make society much more boring, I think :DQuote:
Originally Posted by lilmiss
You need to get some insurance on your mortgage, at least buildings insurance as that is a requirement of their lending terms! Repayment insurance is also a good idea altho' if you're self-employed (?) it can be difficult to claim cause they're bastards :dry:
As to them adding stuff to your rent and citing things that you already pay for, that isn't allowed. The Citizens Advice Bureau can tell you what to do.
I don't know what they mean when they say they want to make you a director of a building ...
I think im gonna skive off early. :shifty:
I'll have a look at what kinda mortgage I have.
But I'm useless at money issues.
I put a down payment of 6 grand down to start with, and pay the rest off monthly.
As for moving away, I plan on doing it sometime or other anyway.
And I know for a fact, that my family and true friends would visit, so I wouldn't be alone for long.
I dunno, I guess i have to have a good long think about where I wanna be.
Ok. :huh:
It's a leasehold property.
I have a monthly premium for mortgage protection.
It is a repayment mortgage, and my loan type is a Tracker. :blink:
I don't quite understand the director buisness either, but Im not signing anything til I have taken it to a laywer.
Any help appreciated. ;)
(when/if I move, I want at least a 2 bedroom house instead of a flat.)
lilmiss, no disrespect to anyone on here, but when dealing with stuff like this you gotta get proffesional independant advice :)
Mortgage and lease traps can be very costly :(
Jonno :cool:
I knows that.
But Im not going anywhere for a bit, so no point going to see them yet.
It would be nice to know what I want though, instead of being talked into something binding.
True :)
Just don't rush into anything :)
Jonno :cool:
:D
Me?
Never. :whistling
As Jonno said, it is better to go to someone independent.Quote:
Originally Posted by lilmiss
However finding such a person is like finding rocking horse shit. If someone IRL asks me for mortgage advice I refer them to a guy who gives me 5% commission of whatever he leeches out of them. So I'm not independent, the guy isn't independent cause he presumably recomends the company which gives him the biggest cut ... so ... it's tricky.
A tracker loan just means that the rate of interest you pay follows that of the Bank of England. It's a standard thing, it's good that you've got a repayment mortgage and that protection.
You have a leashold property which means that you've bought the right to live in the property rather than the actual property. This doesn't matter a great deal as usually the leases are usually for 99 years. When you bought it if the lease had less than 70 years to run then the solicitor would have built in a lease extension to your contract and thus the cost of the purchase.
With regard to the director of the building thing. Once you have a bit more info I might be able to help.
Btw, all I've said is just an opinion. I'm definitely not a qualified mortgage advisor - if such a qualification exists :blink:
Yeah, I think it had about 80 years left to run.
I dont like the way it works though, and Im sure I would be better elsewhere, so I dont have to worry about the ground rent and stuff.
Im gonna have to look into changing my mortgage, so I shall start collecting information. My buisness brain sucks. I generally get me Ma to deal with my ISA's and whatnot. I just give her money, and she deals with it all.
Most of my pals rent, so they dont know what I should do.
They think it's funny that my ground rent is always increasing.
I find it bloody annoying.
Last time they increased, was for terrorist threats and flooding. :dry:
oneaccounts a good mortgage atm...
You seem like you've got your head screwed on alright to me :D
Btw, if you decide to move and you get together a decent deposit and a mortgage that is right for you, then a 3 bedroom property is a lot more desirable than a 2 bed place. They are often difficult to sell.
/me shuts up before I get labelled an estate agent :ph34r:
Never heard of 'em.
Im with Halifax.
I know an ageing hippy who lives on a barge in Notts though.
May just go stay with him for a bit. :P
One more que.Quote:
Originally Posted by manker
Can i transfer my existing mortgage onto a different company, for a different property? I know I would have to sell up my flat first.
Yeah that would be fine.
You already have a place, I don't know why I wrote what you quoted. Forget what I said about getting together a decent deposit :blushing:
Sweet, tanks for that. ;)
More information for an already crammed brain.
So back to the original topic..... :huh:
:angry: so not impressed cuz i read this yesterday :P :frusty:Quote:
Originally Posted by Jon L. Obscene