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Interest only mortgage to save and buy house no2
I want to get an interest only mortgage on my one bedroom in london flat (mortgage 146k) - so I can save a desposit in order to move out of london, and buy another flat which I will live in and then rent out the flat in london. The idea being is to keep the london flat for ever, so I have an investment for when I retire.…
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Libor Mortgages
Does anyone currently have a mortgage which is linked to the u.s dollar libor rate. the skipton b.s. are currently offering a 7 year deal which looks to good to be true. i would be grateful for any advice.
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95% Mortgage plus 25K Loan???
Hi all, First post so please be gentle! I am going to be as open and honest as I can, and I do need some help. I am 28, live at home (yes i know) earn good money £34k/yr and have loans of £25K, this is due to two reasons, ex girlfriend did me over for £15k and £10k on a pilots course for me, I just had to do it! So now I…
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mortgage advice needed
we are in need of some advice regarding our mortgage. we have a joint mortgage with the dunfermline bs and are free as of now to change.we have a £63,000 endowment mortgage with 10 years left to run and currently pay £390 (6.49%) which is the best mortgage for us? repayment or interest only?do we pay extra into it per…
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Property Investor Required
I am looking for a property investor to join me on a renovation and conversion project. Does anyone know where I can post for one?
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Re: DSS MORTGAGES
What do you mean by "Unable to get upstairs of present home"? I don't understand.
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Temping - need mortgage advice
Hi, am in a real situation and need some advice quickly. If anyone can help I would be more than grateful. I currently have a 60 grand mortgage on a property valued at £125,000. I left my job in Dec 03, went self employed, have now gone back into work but I am working through a temp agency for 3 months before I sign my…
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Mortgage or loan for asset rich, cash poor?
Hi, Not sure if this should be posted under mortgages or loans. My 72-year-old mother has a flat worth around £60000. She needs to spend around £3000 on chimney repairs and to have a low-maintenance garden designed. What is the best way for her to borrow this sum? Would she be offered a secured loan or a mortgage (I can…
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Re: Mortgage repayment holidays! Do I take one o
A mortgage payment holiday is basically the same as remortgaging to add more debt to your mortgage. It is just doing it a different way. Increasing your debt on your home increases the risk you might lose it some time. For this amount, that is unlikely to be a significant consideration. As you rightly said, it is expensive…
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Help with some mortgage sums needed please!
Can someone help me here. I have being the sums on this little teaser but I can't work out the answers. Ok- here's the situation: I have a £67,000 mortgage that I took out in June 2003. It has a term for 10 years. It is repayment (ie capital + interest). I have 3 years fixed at whatever - therefore I am just ober a year…
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stamp duty
I know that when buying a house etc below £60,000,there is no stamp duty,so when buying one for say £65,000 what would the duty be?Is it per 1k,or is it in bands?
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rented property problem
there seems to be confusion over whos managing the property i am renting. Normally when something goes wrong I call the agents who confere with the landlady and then organise the work. Today, the contents of my sinks, bath and loo are flooding my kitchen when they are used. I phoned the agents who sent round a plumber. He…
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Inheritance tax
As i understand it, the threshold on inheritance tax, regarding property stands at £263k. The property I alone live in is worth £300k. I don't intend passing on just yet but, when I do, how can I prevent my daughter becoming liable to inheritance tax and capital gains tax on said property. Is there some truth in the fact…
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Is this normal procedure
I have no Life/Term Insurance as I surrendered an endowment. I was seeking to take out life cover and was quoted a monthly premium. However, I was asked to complete a direct debit prior to being accepted for the cover - I have various medical complaints so I could be rejected or the cover might be higher than the quote. Is…
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re mortgage in N Ireland
I have a £26500 mortgage discounted for two years with The Woolwich . I have no tie in's after the two years discount . Could anyone tell me when it no longer becomes cost effective to change lenders . I live in Northern Ireland so all Uk lenders wont be available here . But perhaps someone can advise .
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1st time buyer via right to buy
I am looking to purchase my first home via a local authority right to buy scheme. Who can offer me the best mortgage. I have only recently returned to work after raising my kids.
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not sure about this
I want to remortgage to an interest only. My plan is to sell in a few years. Can the mortgage provider refuse because I have no endowment in place
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mortgage calculation site wanted please
Has anyone got a good mortgage site they could direct me to please,as a recent virus and subsequent format has deleted the one I had.I'm looking for one that let's me change the variables,eg,Term,rate,type etc. And also has the current best deals for comparison.Thanks in advance.
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How can we buy my girlfriends council house?
Hi everyone, i have a repayment mortgage on a flat which i'm going to be renting to tenants from my local authority. I will be moving in with my girlfriend who qualifies to get the full RTB discount, she does not work at the moment. Is it possible for us to buy the place jointly.
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selling endowment
After writing to Standard Life about shortfall in endowment they advised me to contact the IFA (who sold us a Cheletenham & Glos. mortgage backed by a Standard life endowment - all Lloyds Bank group at the time I believe). This IFA no longer in business. Also, SL advised that th FSCS won't investigate cases bought prior to…
