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Remortgaging - Virgin One Account
Hi Everyone Im new to this site but what I have seen so far seems very useful, so here goes I have decided to pick your cummulative brains for your opinions. I am getting near to the end of my fixed rate period on my mortgage and with an urge not to pay my lender anymore than I need too I am looking for a better rate on my…
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Self Cert/Buy-to let Mortgage for FTB
Hi, Can anyone shed some light on self cert mortgages please. I left uni this year and currently work as a contractor but am having difficulty obtaining a mortgage the 'normal' way. Im thinking about purchasing a property with a view to letting it out so would this be the best type of mortgage for me or would i be able to…
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Overpaying : Repayment + Int Only Mortgages
Looking for a bit of advice please. I had two chunks of mortgage, the second was obtained when I moved from a flat to a house. First part is now at £48,500 - as of today Repayment at 5.29% for 5 years Second part is now at £42,500 - Interest Only at 5.34% for 3 more years. Then in 2009, I'll switch it to Repayment. I can…
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"Pay Off Your Mortgage in Two Years"
Just a reminder that this programme starts on BBC Two* tonight at 8pm - should be interesting..! *Except Wales digital.
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very useful site on completion prices in your area
http://www.nethouseprices.com/index.php?con=sold_prices gives completion prices for the last 5 years. pretty good for those: looking to buy in an area and want to know the going rate looking to sell and choosing a reasonable price people looking to value their homes for remortgaging nosey neighbours!
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reassurance and advice please on remortgage
m looking at remortgaging, to consolidate some debts and for home improvements. Ive never used a broker before, so whats the process of getting advice and deciding to use one? At the moment im on the Nationwide SVR, with an approx £75000 outstanding combined with other debts, current outgoings are £678 a month. Im looking…
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advice needed interst only mortgage
Hi! 3 years ago, we sold our large 4 bed house and bought a small 2 bed place PLUS a 3 bed house in Spain. The idea originally was to sell up here and move to Spain in a couple of years. I am 49 and hubby is 59, we took out a £75000 interest only mortgage over 10 years (and foolishly no savings or endowment to cover this)…
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Mortgages & Debt
Please help - I'm confused of Watford! Firstly I must apologise - I realise that this message is not very concise, but it reflects the confused state on mind I'm in. I need to do something to lower my monthly outgoings as currently my mortgage repayments are £960 plus I'm paying another £350 on credit card and personal…
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Mortgage Application Direct or via Broker?
Hi I'm just wondering which path usually gets you a mortgage application easier? Applying direct to the lender or via a broker? Is it true that brokers do some checks so the Lender does not have to? Regards
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overpaying on an interst only mortgage
This is probably a stupid question but if I overpay on an interest only mortgage is it overpaying the interest only or is it reducing my mortgage amount? I am about to remortgage with Nationwide to an interest only 5.45% tracker for 2yrs (tied in for the 2yrs too) and was told I can over pay by up to £500 per month? I am…
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Is This Poss
Is it poss to get a 100% mortgage with a bad credit history that has shown improvement over the past 3 years???
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Taking over the family home
Another question… My folks are wanting to become mortgage free and transfer the family home over to me. Its worth about 180k and there is about 40k left on the mortgage. What would be the best way of going about this…? I would want to take over the remaining mortgage and also free up about 20k so that they can go away and…
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Guardian Financial Services. Automatic increase of premium + threat of tax changes?
I received a letter over Christmas from Guardian Financial services with whom I have a 'Homebuilder endowment' policyfor £26,200. It is taken over 25 years and 10 years remain. They have warned me about high risk of £7,000 shortfall and will automatically double my premium to £84 from March unless I sign and return a form…
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paying a bit extra off your mortgage will save you thousands
Try this online calculator to find out how much you can save if you pay off more money per month on your mortgage. I just put in my mortgage details and I can reduce by mortgage if I pay off an extra £100 per month, so it will be paid off in 16 years rather than 25, saving me nearly £20,000!!!…
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First time buyer but buying to let! (maybe)
Hello all, 2006 will be a sensible year for me I have a friend selling his house for 120K and I am looking to make a purchase, this will be my first one. I have deposit of about 12k. I am thinking I want to buy so that I can rent it out... Will this still qualify for a 1st time buyermortgage deal ? or will I still have to…
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Advice would be good - half me, half my parents 125k each
Ok this is my current situation: I earn ~35k, Steady job on a good career path debts of about 1k on interest free overdraft Aged 25, single, good credit rating Currently pay £500 a month rent, but want to buy as feel like I am wasting money. I live and work in west london, so would ideally like to stay here. I think I…
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Would this make financial sense
I currently have 13y 9m on my current mortgage. I currently pay around £45 a month overpayments as well. I am considering reducing my term to 10 years as I have seen a deal which offers 4.75 for 10 years (current rate is 5.74). The payments will increase which I am happy with however does this make good financial sense to…
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Mortgage help please
Thanks for looking. My mortgage is currently on a 2yr base rate tracker, due to expire end of Feb. I am currently with the Nationwide and happy to stay there (notthe cheapest i know but had nothing but great help from them so far). Anyway i am unsure whether to go for a new base rate tracker or a fixed deal. i HAVE the…
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125% Shared Equity Mortgage
Hi Myself and my partner are 95% of the way there to being accepted on a Shared Equity scheme by a local housing association. At present we are privatley renting to the cost of £650 per month. If we managed to aqquire this shared house we could initally start with a 25% share of £26250 which we would need to mortgage and…
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Joint mortgage - Employed and Self Employed
I'm just after a bit of advice. I currently have a mortgage with my partner. I am employed full time and my partner is now Self Employed as a driving instructor. (She wasn't when we took out the Mortgage) If we wanted to move house and applied for a new mortgage, would we have to prove my partners earnings from self…
