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advice wanted
I have a £60000 mortgage at 4.79% interest and a additional loan of £11000 which runs along side my mortgage at 5.99% interest. I currently make overpayments of £55.00 on each of these loans every month. Would I be better off paying the £110.00 to just 1 of these loans. If so which one. Please help
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Another is this the best deal thread ;-)
Hi I was hoping some kind person could see if this seems like the best deal, or if there is anything better known about. Mortgage required :- £154,000 Joint Salaries :- £47,000 House Price :- £173,500 We already have another house on a BLT, so we would need a mortgage that allows you have to have both houses. The one we…
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Interest Rate Cut - 4.50%
Bank of England has cut interest rates by 0.25% to 4.50%
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Is my mortgage a done deal??
Hi Im a first time buyer and have applied for a mortgage through Halifax. Everything has gone smoothly so far. I've been told that Halifax are just building a business case to go to the underwriters, after which i'll get the formal mortgage offer. My question is, has anyones mortgage been refused at this point? Does anyone…
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best current product assuming rates to go down slowly?
Hello With the assumption above, I'm looking for a discounted 2y/3y product allowing good couple multiples, reverting to variable with minimum premium on base BoE after said amount of time. Flexibility a must for possible windfalls and, if rates work out OK, would consider offset products. Any advice? Thanks!
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Advice needed
In 1993 I bought a house from a guy who worked for a well known financial institute. Not only did we buy his house but he also sorted out our mortgage and we also purchased from him the endowment. Shortly after the purchase this guy was sacked from his firm for mortgage fraud. Ten years down the line I complained about the…
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Interest rates drop looks like a sure thing
http://uk.biz.yahoo.com/050803/323/forvd.html :j
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endowement problem
hi everyone,i hoping that there is someone who can help me with my problem.let me explain i took out a endowement mortgage with the help from a firm of financial advicessors ,i was told in 2000 that we were a high risk,andthat we would be in £18,000 debt if things carry on the way they are,we only borrowed £28,000 in the…
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Mortgage advice
Loan ammount £135,000, 20 year repayment at fixed rate of 4.24% for 26 months. then 5.4% for 214 monthly payments. If there is 1% increase in base rate, the monthly rate will increase by £76. It looks pretty good - but I have no idea how or what to compare this with. Anyone got any thoughts ? regards Tyrone
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Mortgage Comparison Advice Needed
I am looking for a BTL mortgage (fixed with no early redemption fees) paying Interest Only. Lots have low start rates but then there is the APR which isn't always lowest on the low start rates. Does APR take into account the mortgage overall (including the rate after the low rate)? If I move my mortgage at the end of the…
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What Checks Do Mortgage Underwriters Make?
What is the checking process past running a query through Experian/Equifax/Callcredit and National Hunter? Any friendly underwriters on here?
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Easy Background Check
Easy Background Check, Easybackgroundcheck.com Les Henderson Extortion Scam Busted! I just want to caution everyone to beware of anything you read on the internet. People can post anything for a variety of reasons. The aforementioned scam makes interesting reading. In incredible reporting by the Bureau of Ethical Internet…
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1st Time Buyer From Overseas
Have been working out of the country for the last 7 years, have now returned (same company IT) want to buy a property (£180Kish) earn £50K have just registered on the VR and am on the phone but have NO credit history at all. Have the 5% deposit and am ready to go but how long do you think I will have to wait before a high…
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Endowments / Interest Only
There has been alot of fuss in recent years about shortfalls on endowment mortgages, but what about Interest only mortgages ? Surely this is an even bigger timebomb, because it is an Endowment mortgage without the endowment. I believe most people take out I.O. mortgages cos thats all they can afford, and I suspect very few…
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Has anyone used the L&C £300 Remortgage package + check my calculations!
L&C do a remortgage package for a fixed rate of £300: http://www.lcplc.co.uk/Remortgage_sols_1.aspx?id=1:27240&id=21992 and I was wondering if anyone had used it what they thought of it as it seems a lot cheaper than the £600+ I seem to be getting quoted from other places. If they are any good then I am thinking about…
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Separation - need to find £25K for mortgage
Hi Need some advice for a neighbour. Situation is the couple are separating, and need to split the house + profits. Whats the possibility of one of them staying in the house and buying the other one out? The mortgage is affordable on one salary, just about, the issue is how to pay out the profits which would mean going to…
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Approx how much would monthly repayments be on a BTL mortgage at £47k?
Me and my partner are in a situation were we cant afford to live anywhere decent to raise our child. I have managed to save £8000 towards a deposit but all the decent houses are way out of what we could afford ( Were both on minimum wage). We are renting a property now in a fairly nice area at a bargain £80 a week but was…
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Advice please - bonuses and mortgages
Now don't get excited. I haven't buckled under the intellectual weight of arguments on this forum in favour of buying... This is for a friend. ;) They have a contract whereby they get a bonus at the end of the year, based on performance. Basic is, say, £30K, and their bonus is up to a max of 10K on top. Lovely brokers on…
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FTB advice - help from parents and tax implications
Hello I am writing for a little advice. My partner and I are first time buyers looking to buy in London. We both have permanent jobs (£30,500 and £21,700) so have worked out we can borrow about £150,000 together. We have no deposit to speak of (just around £5,000 in saving which we’ll need for stamp duty, fees, etc). My…
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Was my mortgage mis-sold? Advice please
In January 2004 I was looking for a new morgtgage - my exisiting deal with the Halifax was no longer as attractive, plus I wanted to fit double glazing and a new kitchen and pay off some credit card debts. I did some research on the internet and as a result was contacted by an IFA. I decided to let him do the hard work. I…
