-
Pay with cash or mortgage
Help Desperately need mortgage advice as I have no idea about them. I own my current house outright, (worth approx 120,000 now) and I would like to move and buy a house for about £180,000. I have about 30,000 in savings. My question is 'should I get a £60,000 mortgage and leave the savings as my 'nest egg' or should I just…
-
Remortgaging
I maybe remortgaging in the near future and looking to borrow about one third of my properties value some £45000 Can anyone advise me on a good mortgage and company, I would like to pay no fees, valuation or legal expenses, and maybe have some cashback on completion but this is not vital. I'm currently with the Woolwich.…
-
Interest only Mortgages for Retired People
My wife and I are both 70 years old. Two years ago we took out an interest only mortgage for a fixed advance against part of the equity in our fully paid for house. the interest was fixed for a 3 year period and will soon need to be renegotiated, either for another fixed period or at variable interest. Unless we pay off…
-
Can I Get The Mortgage I want?
Okay you clever people here are all clued up and should be able to help me on this................... I'm speaking to my bank next Tuesday, but would really like to know if this is possible before hand and any advise that can be had to beat them with. I have a current mortgage of £79.5k comprising of £36k endowment, £43.5k…
-
Confused over APR - help please
Hi looking into the re-mortgage at moment. APR as I understand it is the total cost over the 25 year term of mortgage. (i could well be wrong!) Below (1) has supposedly the best APR rate BUT the monthly repayments are MORE than the supposed 2nd best offer based on APR rate (2 - A&L). How can this lower APR rate cost more…
-
Paying Off Best Option?
Hi. I have a repayment mortgage of 90k with 19 years to run. I will shortly be getting 20k to invest or spend & was considering using the majority of it to reduce my lump sum and then putting the rest in an ISA for a rainy day. Is this a sensible choice or are there better options? Cheers CM
-
first time buyer-debt consolidation mortgage.
After reading some of the excellent advice on this forum, I wonder if anybody could point me in the right direction. I am a 1st time buyer earning £35,000pa. I have outstanding personal loans totalling £17000 which cost £750/month. Does anybody have knowledge of a mortgage where I could borrow around £110,000 for a house…
-
French Mortgages...
We have chosen the resort (Belle Plagne), we even can ski (ish) but we are definitely struggling with the process.... There are four of us (two couples) looking to jointly buy a ski appartment in France. We will need a mortgage (French), a bank account (French), a good lawyer (English speaking), and just a bit of honest…
-
Urgent Complaint Help
I have an endowment complaint going through the latter stages of the Ombudsman process. It hasnt looked all that hopefull so far, as we had been knocked back at every stage.......... But now......... Now we find that when we started the mortgage/endowment process, we had applied for an amount, say 100k, and the endowment…
-
Impaired credit mortgages
I have just read a report on "THE MOTLEY FOOL" about impared credit mortgages. Basicaly saying that these types of mortgage are the financial equivalent to the plague. Having got one of these mortgages it mkes me slightly concerned, but what if that is the only option available, when the high street lenders refuse you a…
-
Best Rate offset Mortgage on Second Home
What are the Best Rates on Offset Mortgages available on Second Home.
-
Mortgage Borker Discounting Commisions ?
Are there any Mortgage Borker who would share the Commisions with Mortgagee.
-
Advice Needed! Hoping to add to Mortgage.
Hi peeps, I have posted a thread on Debt Free Wannabe detailing my debts which I am hopefully going to be able to pay off if I can add 10k to my mortgage. Any advice on questions to ask my lender, possible hurdles or any other info anyone feels would be of use would be greatly appreciated. Mortgage details are as follows:-…
-
Early Repayment Charge
I am selling a property that i previously rented. I have received a redemption figure which includes an early repayment charge of £1824.86. This is due as I am paying the mortgage off before 1/1/06. Is there any way of avoiding this charge. I thought that it may be possible to transfer the mortgage amount to my main…
-
BOE base rate. Could vanish?
Here's a question. I'm considering a long term fix on my mortgage. The biggest possible single effect on mortgages in general would be if we joined the euro. In theory interest rates in europe are lower but most mortgage companies specify they are linked to the BOE base rate. Does anyone know how the mortgage providers…
-
endowment shortfall while on income support
I have bought my house in 1990 with an endowment mortgage. Over the years i have been getting letters of possible shortfall when it matures. I have recently been claiming income support who due to my circumstances helps with the mortgage payments. When employed i had plans to invest in ISA and possibly shares to cover the…
-
is it worth even trying ?
My husband and I want to buy our council house . we need more space but the council won't move it so want to buy and convert the loft ( we have a builder in the family that will do it as cheap as he can for us ). the trouble is we have a bad credit history with CCJ's ,and Dh is self employed. is it even worth us trying to…
-
Is there any way I can change(coz I cant think of one)
Hiya, My current mortgage has gone up yet again and I would like to change (also to get some money for our extention) or ideally MOVE as our new neighbour is a total !!!! :mad: the problem is the mortgage is mine and not hubbys and I am now part-time so only on £9000.00 a year :eek: Hubby is on £19,000 ish but he cant be…
-
Over paying Question.
I have 45K left to pay on the mortgage, which expires in 2017. I could overpay roughly an extra 2 - 3 payments per year, but would it be worth it, sorry if it's been asked before.
-
property abroad
I would like to buy a property in spain, anybody know which Buy to Let mortgages i can get in the uk. I can put down around 30% thanks,
