magicroundabout
Fanta Pants
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« on: Monday, June 11, 2007, 09:33:00 » |
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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
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red macca
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« Reply #1 on: Monday, June 11, 2007, 09:40:23 » |
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Do have payment holiday?
who is the mortgage with ?
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magicroundabout
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« Reply #2 on: Monday, June 11, 2007, 09:42:10 » |
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not sure about payment holidays.
i'm with Abbey.
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red macca
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« Reply #3 on: Monday, June 11, 2007, 09:44:34 » |
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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
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magicroundabout
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« Reply #4 on: Monday, June 11, 2007, 09:48:21 » |
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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
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Sippo
Living in the 80s
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I ain't gettin on no plane fool
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« Reply #5 on: Monday, June 11, 2007, 09:53:21 » |
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Early redemption fee...not a lot you can do about that unfortunately.
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If my calculations are correct, when this baby hits 88 miles per hour, you're gonna see some serious shit...
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red macca
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« Reply #6 on: Monday, June 11, 2007, 09:55:17 » |
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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 do you have equity in the property? |
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magicroundabout
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« Reply #7 on: Monday, June 11, 2007, 09:57:41 » |
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yeah we've an outstanding mortgage of £126500 and have accepted an offer (subject to her selling her house) of £144k
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red macca
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« Reply #8 on: Monday, June 11, 2007, 09:59:28 » |
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Fair enough mate
it seems like your just gonna have to make the payments im afraid
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magicroundabout
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« Reply #9 on: Monday, June 11, 2007, 10:06:43 » |
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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? |
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red macca
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« Reply #10 on: Monday, June 11, 2007, 14:08:35 » |
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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? yeah still call them mate |
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