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kerry red
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« Reply #15 on: Tuesday, July 8, 2014, 15:56:08 » |
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I wasn't after any extra mortgage just to pay a bit off an existing mortgage to get the interest rate down
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@MacPhlea
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« Reply #16 on: Tuesday, July 8, 2014, 15:57:22 » |
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It's all been arranged. I paid the 2 grand off the existing mortgage and got a better interest rate.
Don't ask me why but Nationwide would not accept a credit card payment to pay off a bit of the mortgage
Thats because it changes your personal circumstances - you've now incurred more debt that wasn't declared as part of the mortgage agreement in order to secure a preferential mortgage agreement - I think they call it fraud  |
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jutty274
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« Reply #17 on: Tuesday, July 8, 2014, 16:07:22 » |
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Or you could've more than likely just done a money transfer from the credit card to your bank account.
Wouldn't doing a money transfer be classed the same as taking cash from the cash point, i.e exempt from the 0% interest. |
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@MacPhlea
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« Reply #18 on: Tuesday, July 8, 2014, 16:11:09 » |
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Some allow it but at a higher fee
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Samdy Gray
Dirty sneaky traitor weasel
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« Reply #19 on: Tuesday, July 8, 2014, 18:09:21 » |
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Don't ask me why but Nationwide would not accept a credit card payment to pay off a bit of the mortgage
Because paying off debt with more debt is generally a bad idea. |
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kerry red
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« Reply #20 on: Tuesday, July 8, 2014, 18:41:51 » |
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Except where it saves me £4k
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Samdy Gray
Dirty sneaky traitor weasel
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« Reply #21 on: Tuesday, July 8, 2014, 19:02:12 » |
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Re-mortgage or purchase?
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fatbasher
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« Reply #22 on: Tuesday, July 8, 2014, 19:03:55 » |
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kerry red
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« Reply #23 on: Tuesday, July 8, 2014, 19:14:40 » |
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Re-mortgage or purchase?
Neither. Had a 3 year mortgage deal which was running out, they wouldn't give their best interest rate on another deal unless the LTV was 85%. Mine was 85.9! By paying off £2k it took the LTV to under 85% |
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4D
That was definately my last game, honest
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I can't bear it 🙄
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« Reply #24 on: Tuesday, July 8, 2014, 19:22:41 » |
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So a remortgage then  |
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kerry red
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« Reply #25 on: Tuesday, July 8, 2014, 19:26:53 » |
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Semantics
My idea of a remortgage is extending the term to reduce payments or raising a bit of capital
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Samdy Gray
Dirty sneaky traitor weasel
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« Reply #26 on: Tuesday, July 8, 2014, 21:22:29 » |
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Take the LTV below 60% and you'll get an even better deal. Better get applying for more credit cards and PayPal accounts |
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