Who is the best company to have a morgage with!!!!!!!!
22 August 2003, 09:57 AM
#1
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We wanna change our morgage so we can improve the kitchen and add a conservatry, who is giving what these days, can anyone help.
Cheers
Colin
Cheers
Colin
22 August 2003, 10:34 AM
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I changed from AMP (Newcastle BS now) to Halifax. I'm now on a 2 year stint that follows the interest rates (currently a tiny 3.74%), interest only mortgage.
Like you, I wanted to get some ackers, so I upped the amount by £10k, and as the the new deal is at a much lower rate than before, I'm still paying less despite having more to repay.
I can "overpay" each month too, to reduce the bill. When the 2 years are up, I'll change again. No point paying OTT is there?
Like you, I wanted to get some ackers, so I upped the amount by £10k, and as the the new deal is at a much lower rate than before, I'm still paying less despite having more to repay.
I can "overpay" each month too, to reduce the bill. When the 2 years are up, I'll change again. No point paying OTT is there?
22 August 2003, 11:35 AM
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Yorkshire bank seems to win loads of awards every year (best mortgage/best regional lender etc). We have a current account mortgage with them and all I can say is, fookin wonderful. Basic idea is that you pay off your mortgage with your current account and then are charge interest at just above motgage base rate on the overdraft created. It means every week/month your entire wage comes off it saving muchos grandos spondoolicos. Anything you spend goes back on, but if you do all your spending on a YB credit card with the balance sttled in full each month, your lump sum stays in place a month longer, again saving interest. We've cleared about 12k from ours in 6 months and will have it paid off in 3-4 years. Maybe a little longer if I go write a cheque to buy a new Scoob, which you can do if you want as soon as you've generated enough equity by the overpaying.
Suits me, but have a look on here and here .
Suits me, but have a look on here and here .
22 August 2003, 12:16 PM
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It really depends what you are looking for. I was looking for a capital chunk as a new roof is required, but then looking to reduce. Went for Barclays Openplan.
Have already shaved 14 months off my mortgage in 6 months.
Dave
Have already shaved 14 months off my mortgage in 6 months.
Dave
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