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Title: Mortgages Post by: magicroundabout on Monday, June 11, 2007, 09:33:00 I have heard from a friend about stopping my mortgage with my provider if i was to move out and not live there. Can they stop the mortgage so my payments stop etc with the understanding that it will all be paid off very shortly?
can anyone shed any light on this before i speak to them Title: Mortgages Post by: red macca on Monday, June 11, 2007, 09:40:23 Do have payment holiday?
who is the mortgage with ? Title: Mortgages Post by: magicroundabout on Monday, June 11, 2007, 09:42:10 not sure about payment holidays.
i'm with Abbey. Title: Mortgages Post by: red macca on Monday, June 11, 2007, 09:44:34 I would enquire about payment holiday magic.Chances are if you dont have this then they may offer you a chance to change to interest only for a few months.
Problem with them allowing you to not make payments for a few months is that is will show as a missed payment on the mortgage history Ring abbey and see about the holiday option Title: Mortgages Post by: magicroundabout on Monday, June 11, 2007, 09:48:21 cheers Macca,
i'm already paying the basic monthly payment of £350 (so it doesn't affect my credit score) but i want to get a flat so the money could be spent on that. i'll try the payment holidays etc but i'm not sure about changing rates cos i'm still in a fixed rate for another 2 years. which they've informed me they will charge £1800 when i pay the mortgage back even though i've tried to explain i'm getting divorced etc etc Title: Mortgages Post by: Sippo on Monday, June 11, 2007, 09:53:21 Early redemption fee...not a lot you can do about that unfortunately.
Title: Mortgages Post by: red macca on Monday, June 11, 2007, 09:55:17 Quote from: "magicroundabout" cheers Macca, do you have equity in the property?i'm already paying the basic monthly payment of £350 (so it doesn't affect my credit score) but i want to get a flat so the money could be spent on that. i'll try the payment holidays etc but i'm not sure about changing rates cos i'm still in a fixed rate for another 2 years. which they've informed me they will charge £1800 when i pay the mortgage back even though i've tried to explain i'm getting divorced etc etc Title: Mortgages Post by: magicroundabout on Monday, June 11, 2007, 09:57:41 yeah we've an outstanding mortgage of £126500 and have accepted an offer (subject to her selling her house) of £144k
Title: Mortgages Post by: red macca on Monday, June 11, 2007, 09:59:28 Fair enough mate
it seems like your just gonna have to make the payments im afraid Title: Mortgages Post by: magicroundabout on Monday, June 11, 2007, 10:06:43 Quote from: "red macca" Fair enough mate it seems like your just gonna have to make the payments im afraid :evil: :evil: still worth a phone call though i imagine? Title: Mortgages Post by: red macca on Monday, June 11, 2007, 14:08:35 Quote from: "magicroundabout" Quote from: "red macca" Fair enough mate it seems like your just gonna have to make the payments im afraid :evil: :evil: still worth a phone call though i imagine? |