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Fixed Rate Mortgage at High Multiple?
Hi - I recently posted on the Debt free wannabe site as I'm striving to get myself out of debt and steer myself away from bankruptcy. I currently earn £24500 and my husband earns £15500, plus O/T, but its not guaranteed. Our current mortgage is with Intelligent Finance and costs us £912 per month with a total balance of…
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Right to buy Council House
We have been offered our house from the council for a discount of 37% but dont have a clue whether to go to a high street lender or an internet based one. everything is so confusing. Also my partner already had a flat which he sold when he moved in so, strictly speaking, we are not first time buyers or do we still qualify…
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repayment to interest only
I have a repayment mortgage with future mortgages which is crippling us as the payments are so high and it has a hefty penalty attatched for the next 2.5 years. I wanted to change to interest only to bring the payments down for the short term until I can change lenders but after paying a fee and being led up the garden…
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i need/want a mortgage!!!
Hello people I owe a property with the value of almost £176,000 and there is no mortgage on the property. i want to buy another house valued @ £159,000. Since i am single and would not be able to have a mortgage on my current salary which is about £18,000 is there any way to get a mortgage by putting my current house as…
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Who will lend me £245,000
Help needed please. Me & wife have seen a couple of properties, and are thinking of moving to a bigger house. Our current house is worth about £260,000 & our mortgage is for £114,000 and we have had further advances on it so in total we owe £130,000. We also have a personal loan for £25,000 (just started) So our total debt…
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Can I claim for mis-selling ?
Hi, 15 years ago when I was 15 I recieved an inheritance of about £4000 from a relative that was actually given to my father. As he had a positive experience with an endownment policy himself he thought he would start up a similar thing for me, to help me on my way to my first house etc. So he went to see Halifax Financial…
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mortgage required
I have seen a property that is of interest to buy renovate and sell on. The vendor has indicated he will accept £385,000. The market rent is around £500pw. The resale price is around £500k. I have about £110k available so I need a 85% LTV mortgage. No proof of income. any suggestions please?
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Why Do Mortgage Companies Want To Know Your NI number?
Originally it was something to do with MIRAS wasn't it?...but that is no longer with us I think.....Are there some who don't?....is it used to track people who make multiple applications?...is it maybe part of the Hunter system?
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Endowment compensation, What's a good deal?
I have had compensation offers from both Barclays and Abbey. One offers to put me on a par with a repayment mortgage, the other offers to buy the endowment back. How do I tell if either of these are good deals? I have read many articles on how claims should be handled, but I can find nothing that tells me if I am getting a…
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Mortgage Applications & Store Cards
Can anyone advise me, i'm just about to apply for a !00% LTV mortgage, I have a loan which runs out on next year, but i have a £200 debt on a store card. Am i better off paying this off before I apply for my mortgage so it wont affect the amount they lend me when they process my application?
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Execution only, advice needed
I was sold an endowment policy in 1991 by a High street Bank mortgage advisor but my policy states that this was issued on an 'Execution only' basis. Have I still got grounds for complaint if I felt I was mis-sold?
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mortgage guidance please
Hi I am new to this so please be gentle. I have recently sold my house and hope to exchange contracts in the next 3 weeks. I was thinking that I would move into my parents home and in effect become a first time buyer. This is still the main objective but yesterday I viewed a fab house and am thinking of maybe putting an…
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What are the chances
I think I know the answer to this, but I thought I would just check. A property is coming up for auction in mid September. What are the chances of raising a self cert morgage to buy and renovate this property. I would probably be looking for £250k. Once done up I would expect it to be £300k+ Now here's the problem. I'm…
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Mortgages Advice please (fixed ones)
Hi all I'm new here so go easy on me. I'm just looking for some advice and opions on what people think. I've just sold my house at last and i'm in the process of buying the house i've been after for months. I'm with nationwide atm and i'm going to pay my mortgage off with the sale of my new house and start again with my…
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How long should I fix for?
I have a 105,000 mortgage (70,000 interest only) and 8 years to run. I keep fixing it every 2 years but am getting fed up of doing this and the fees are an issue too. Would it be a good idea to fix it for 5 years this time and should I act soon? My current mortgage ends in December currently on 4.9%. Should I see this…
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Remortgage with only 1 regular income?
Hi there, Hubby & I have had our mortgage with Abbey for 11 years. Interest rate is currently 6.450%, compared to BoE base rate of 4.5%. We would like to remortgage, but do not have 2 regular incomes at present. Does anyone know how realistic it is to try & get a better mortgage rate bearing this in mind? We have had…
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Splitting up, taking current mortgage to new property to avoid redemption
Following on from my message earlier. Is it possible to sell my current property which I own with my partner but still hold on to my current mortgage solely and go off and buy another property on my own. I wouldn't need a mortgage for the size I have now. I would be reducing it by about £35,000. By doing that would I avoid…
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Moving home - higher mortgage
We have just found our dream home where we could see ourselves staying for the rest of our lives. We agreed our own house for sale within 1 day of the board going up, put in our offer on the house we want and had it accepted. We went to see our mortgage providor today to find that the most they will lend us is not enough…
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Splitting up - mess!
Hello I have been with my partner for nearly 4 years and 2 and a half years ago we brought a property together. We are going to split but I have done some homework and discovered that after fees (with hindsight I made a stupid move by fixing our mortgage for 5 years) it will cost us the best part of £7,000 to sell :eek:…
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Pay off debts before mortgage?!?!?
Myself and my girlfriend have just recently moved out from our parents house and are now renting a flat for 6 months until we get on our feet. We want to try and buy a house because we know that renting is money down the drain and also the sooner we get on the ladder, the sooner we'll have that mortgage paid off. The…
