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Equity release and bridging question
My inlaws (both mid 60s) want to move out of the big smoke to somewhere on the coast to enjoy their retirement. They own their house outright and it is worth around £180k. They have seen a lovely seafront apartment but the asking price is £200k. For the sake of £20k it seems a shame to miss out. We are thinking that there…
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Help with redundancy payment, mortgage etc please
Hi, this is not something that is urgent, but obviously we are thinking about the future and so would welcome some of your collective expertise! We will be taking financial advice next year, but I'd be very interested in your comments. My husband will be taking voluntary redundancy and will leave his employment in December…
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FTB mortgage products - qualification ?
A friend of mine is selling his house and will then be buying another house after he has completed his sale. The thing is he wont be buying his next house straight away so when he goes to Mortgage Lenders will he be classed as a FTB ? Or because he has had a mortgage before willl he be able to get special products that are…
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My girlfriend is a kiwi. Can we get a mortgage?
My girlfriend is a kiwi but has lived in the UK 5 years and is having my baby in two months. She has been on a work permit for three years and will be able to apply for residency next March. Will we have to wait till then, or is there a way we can apply for a mortgage now, as we are just paying dead rent. :money: ;) :mad:
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How long must I be employed for mortgage?
I have recently completed a degree, followed by an Masters and have a decent, well respected job as an environmental health officer. I started two months ago and I am keen to get on the property ladder, but was wondering if I have to work for a minimum time before being allowed a mortgage i.e. 6 months, year, two years...?…
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inheritance
my wife will soon be recieving £70,000 we are looking to pay off some of the mortgage {£75000, 22 years left, 2 year fixed rate ends in october} and put the rest in a savings account. we are looking to pay off £20,000. is this a good idea? or is there a better way? cheers ,wobs.
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Capital Gains tax our main home: I really hope this is not true
Has anyone else read in the press that the government is considering imposing Capital Gains tax on when we sell our main homes? If true, this could be up to a 40% tax on the profit made from selling your home. I really hope this is just political games being played by the Tories and Labour as it would be a disaster if…
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Paymentshield - Company Directors: Advice Please
Does anyone have any advice about this, please? We have mortgage protection for unemployment with Paymentshield based on my husband. He has a full time job so, therefore, is an employee which complies with Paymentshield's requirements. However, he is thinking about starting a small business around his hobby, which will…
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need 2 remortgage but not sure where/how!
We took a 5 year fixed out (expired) when my husband was in a perm job. We want to remortgage to include credit card debt. We currently pay out 680 a month on them + our mortgage and we owe 51k on our house. We want 2 remortgage for 70k-our house is now worth around 145k. The trouble is my husband now has his own company…
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you just have to let me know, shall I stay or shall I go!
Ok, so this is the situation, I have a mortgage with Woolwich on a tracker rate (I think?) which will run out in a few months time, this is the second company I have been with for the house I am in now( first was UCB) and to be honest I'm sick of faffing about to change again just to save a few bob (lot of bobs to be…
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Please define "buy to let"
I mean from the point of view of the lenders. I know that huge multiples of salary are available for BTL loans on two properties simply because buyer and lender have the security of rent coming in from the second one (and even the facility to sell it in an emergency), but there's also a higher interest rate on the let…
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Arrangement fees, Sealing fees
Hello, As a FTB I am very new to the various jargon etc. surrounding mortgages. Could anyone define a 'sealing fee'- I've seen this quoted around the place, approx £250 Also, is there such thing as an average 'arrangement fee'- sorry, another 'how long's a piece of string' type question! It's just they vary so widely, I…
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Fear of loosing my home
Hello My name is Andrew I am a (Almost 50) year old single guy, I have A 151,000.00 pound mortgage with a company called THE MORTGAGE BUSINESS, my repayments are a staggering 766.00 pounds a month, and all I live in, is a small 2 bed bungalow in Essex, at the moment I do not have a proper full time job but am constantly…
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Looking into Re-mortgage who's got the best interest rate?
Hi, Have looked at the various comparitive tables but many are out of date and most mortgage lenders seem to be revising their rates when I phone them- with new rates out early next week. So does anyone have the inside line on who has the best 'current' fixed repayment interest rate at present or in the very near future.…
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Business Loan or Mortgage?
We are considering buying land including a house and fishing lake. We are putting in 70% of the total cost and require a loan for the remainder (£150,000). We would like an interest only loan as a mortgage (as this appears much cheaper than a business loan). As the property includes our proposed dwelling are there any…
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Should I clear my mortgage?
We have been overpaying our mortagage each month(about £600 extra per month), and at this rate the mortgage will be over in Nov this year (only took 9.5 years!!). Now I'm having a dilemma, we need a bigger house and are planning to move in the next year or so and will need a mortgage to buy a bigger house. My mortgage rate…
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Making regular £1200 monthly payments to south africa...
A chap at work lives in the UK. He has bought a place in South Africa. He needs to make monthly payments in Rand to SA. What is the cheapest way of doing this. He has a UK bank account and can get one in SA. I think he wants to minimise conversion fees, bank charges etc and still get a good exchange rate.
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If I complain to IFA, who pays compo?
Sorry if this has been covered elsewhere. My Endownment was sold by an old family friend. I do not think that they intentionally sold me something which was unsuitable and I'm sure their commision was not their main concern, however I am now in a position where I feel I should make a formal complaint regarding the options…
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Helping your children to get a mortgage.
I have been told that there was an article to help your children who are first time buyers to get a mortgage. I do not want to be responsible for guaranteeing the payments. May be something to do with an offset mortgage. Anyone got any ideas? Keith
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Complain or cut my losses?
I need to move my mortgage to get a better rate I am considering switching to a repayment mortgage I have a crap endowment which I am considering cashing in to reduce the size of mortgage required. ok so far? I cannot afford to switch to a repayment and still pay this endowment I cannot afford to continue on my currnt…
