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Make Myself A Bit Clearer....
I'm Currently a home owner on a 2 bed maisonette worth £150,000, I rent a bedroom out for £400 a month. I earn £17000 a year plus overtime/on call of about 2-3000 so my overall income is close to £20000. I also have a company car so I don't have to pay for my own car. Each month I bring in about £1500 (£1100 work £400…
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Hi ,and looking for someone to talk to
First may i say hullo, :wave: and what a great site :beer: O.K. now down to the question(s) we would like a self certification morgage to build an extension which will cost 66K,we own the house outright, its worth is about 80K.So how much could we borrow. sorry if this is a bit easy peezy :o
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Half Share Mortgages
Hi I'm looking to buy a property and its a halfshare with a housing association, the problem is I can't find a mortgage company that do offer mortgages on halfshares. Do you know where I can look or what the best deal is at the moment, my share of the house would be £85K. Thanks,
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Another Abbey endowment question
I'm still filling in our complaint form and am struggling to find all my paperwork. We already had an endowment for £30,000 and additional life cover of £40,000 but when we moved and took out a new mortgage(still with N & P), we took out an additional endowment with them. I think we had to do this in order to get the…
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best investment policies to support interest only mortgages.
Hi,not Sure If Anyone Can Enlighten Me,, Currently Looking To Move House And As I Have Taken A Couple Of Years Out To Bring Up Our 2 Young Children Now Looking To Take Out A Capital And Interest Mix Mortgage, Possibly 70 Pc Repayment And Remaining 30 Pc On Interest Only.in The Mean Time Would Like To Try And Save Any Spare…
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Length of fixed/discounted rates?
With the current interest rates quite low, is it worth going for a longer fixed/discounted rate mortgage? I have seen some for 4.99% or even lower, that last for 5 or even 10 years. Is this a good idea? Or is it still better to get a short term rate and switch when it ends? Also fixed or discount? From Martins guide, it…
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Mortgage advice please!....and a rant.
Hi all, This is going to be a long one - so apologies in advance! We are buying a house with a 100% mortgage. We have done our sums and we will be slightly better off than now. Anyway we found a house and had a mortgage in principle agreed with Yorkshire building society. The estate agent thought it might be helpful to…
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Self Cert?
I don't earn enough to get a decent mortgage, although I know I make enough money to pay one off, and more. My company can provide me a letter stating I earn more than I do. From my bank statements it looks like I earn more because it includes cash expenses each month Is this enough to prove my income? Or will I need to…
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The Halifax, the IFA & a missold endowment
Its a sorry tale of innocence ... We bought our first house with a mortgage from the Halifax in Oct 1987. At the time the Halifax insisted on life cover & we had to use restricted list of preferred suppliers ie Provident Mutual. They set the meeting in the Halifax's offices & we arranged an endowment with the usual…
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help please fing a post
Hi I'm new to the site and looking for a post made last week about a site which gives some of the commission back to me for re-mortgaging. I've been looking for it over an hour now and can't find it anywhere can somebody please point me in the right direction as looking through each post on my dial-up is a nightmare. Thanks
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is it possible to get a self employed mortage even
if this friend of mine may have a little bit of bad credit (he's not sure but thinks he may have). What are the rates of interest? thanks in advance
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is it possible to get a self employed mortage even
if this friend of mine may have a little bit of bad credit (he's not sure but thinks he may have). What are the rates of interest? thanks in advance
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Calculating Endowment Compensation
I have heard today from the ombudsman that Windosor Life has agreed to uphold one of our mis-selling complaints and will restore our endowment mortgate to where it would have been had we purchased a replayment mortgage. Can anyone tell me how I can find out what this would be so that they don't try to rip me off? We have a…
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Remortgage advice - Anyone got a calculator!
OK, quick summary. Have a mortgage with Abbey part repayment part IO, coming out of benefit from 5/12/05. Car loan with Abbey and an endowment. The current monthly costs from December will be Mortgage £1005.86 Loan £275.18 Endowments £108.20 & £54.70. The thought is would I be better off using the endowments to settle the…
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Should we change our mortgage payments?
Hiya, This is my first posting, so sorry in advance if I am posting about something incorrectly or waffle on too much! The background: My husband and I had always planned to have a family and the idea was that we would have one child, I would do stuff like cleaning and work part-time while a friend looked after the baby,…
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Mortgage Offers
My two sisters and I are looking for a joint mortgage on a house. Having gone through all the applications etc. we eventually got a mortgage in principal for £208k. When we had to up this by 6k, the mortgage company then turned round and said this wouldn't e possible- the main concern being that I hadn't been in my job…
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Need to inform lender of change of circumstances?
Since we took out our mortgage 3 years ago on a discounted rate, our circumstances have changed in that our income has halved as I no longer work. At the moment our mortgage equates to just over 3 times husband's earnings. First question is should we have told the lender about the change in our circumstances? We didn't.…
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Remortgage for Extension
Hi all, I might be getting ahead of myself here but were looking at getting an extension next year. Plans have just been finished and we are getting planning permission as i speak. Our house (2 Bed bungalow) is worth about 150K, our mortgage is 61K (capped traka 18years left 412 pounda month) The deal ends in april and we…
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Re-mortgageing
Currently on a bank of scotland flexible mortgage at 1% above bank of england rate currently 5.5%, tracks the BOE rate, so changes occasionaly Want to change to a mortgage with better online facilities and also want to still be able to over pay , was thinking of using a One account such as the virgin one, but their rate is…
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residential and buy to let
Can you actually have a few residential mortgages? Or whenever you transfer home, you have to have your old one transfered to a buy to let? I heard that recently, banks can now check instantly how many buy to let and residential mortgages you have. Is this true?
