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Onwards & Upwards- Next Step on The Ladder
We've had our house for 2 1/2 years now and are considering moving to a bigger and somewhat more expensive house on the property ladder. Does anyone know what the maximum mortgage we would be eligible for based on the following figures? Joint Salaries- £45k House Value £130k Original Price £91k Deposit on Original House…
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Can I do this? Please help!!!
Myself and my partner are looking at getting a mortgage. We earn around £30000 combined and are looking at property around the £100,000 mark. However, we would like to put our existing loans, credit cards etc on top. Can this be done, and if so, does anyone know who does it and how much it would cost a month over say 35…
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Mortgages mortgages mortgages!
As I am buying my flat under Right To Buy I had got as far as deciding on a 3yr fixed rate on an interest only mortgage, but have now noticed that some mortgage search engines offer the option of a mixed mortgage - part interest only/part repayment. Are these new? Are they any good? How do the repayments work?
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What multiples when commission is involved?
Hi, My girlfriend and I are looking at houses to buy at the end of the summer. The problem is, we aren't sure how the multiples of salary work when highly comissioned jobs are involved? I'm on £33k with about £2-3k of bonuses a year. She's on £23k basic, but commission means is about £60k. We've got £35k deposit, and an…
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Backlog of cases with FP
I am in the process of complaining about my Friends Provident endowment being mis sold. I send off the questionnaire last monday,but this morning i had a reply to say they were looking into the case,but due to the media attention endowments are receiving at the moment,there are a large number of cases. They said they would…
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Second Charge on Property and Moving...
Can anyone shed any light on our situation please? I'll make it as short as possible with figures: We are looking to move as we can't afford to live where we are and are looking into a shared equity scheme for the time being with the house builders on a new development. We have a mortgage and a second charge on our…
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Are monthly mortgage payments in advance or arrears?
Am I right in assuming that mortgage payments are made in advance each month? So when you start a mortgage you make a payment on the first day to cover the following month? I have made a capital repayment on the 28th of March and asked for the repayment amount to be reduced rather than the term reduced. I was expecting…
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Finacial Advisor Bogus Charges
Hi i would like some advise on who i should try to recoupe charges from. My fiancial advisor who acted for me for several years was adding charges to the remorgaging process and saying these where charges that had to be paid to the lender. Payment was always cash or cheque made out to the company that he was employed by,…
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Remortgage & New Purchase
Hi all, Need some suggestions from you guys. A relative of mine is currently looking at buying a property @ £279k, offer accepted. But he does not know how to get the mortgages sorted!!! The current property he owns is valued at roughly £200k with about £15k left to pay. It is under his name as well as his parents &…
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Mortgage Insurance - What Is It, And How Can I Save The Most Money?
while i was searching on the net i found a web site.it is a really useful web site.i hope it helps you to understand mortgage and its components.. here : https://www.bestarticlelibrary.com
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Help! how do i calculate monthly payments?
Hi folks, newbie here hope this is not a stupid question. I am looking to remortgage but when making comparisons how do I arrive at a monthly payment? I have an outstanding mortgage of £70,641 £48,000 of this is interest only (covered by endowments :o ) the rest is repayment. I have been calculating as follows eg. 70,641…
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Remortgage question
Hi, I get put to Halifax's SVR of 6.5% soon, so naturally I am looking around. I have had details of a mortgage found for me by a broker. I guess my question is - is it standard to approach Halifax and see what they can do and if they can beat it? I feel an obligation to the broker, but I know that's not a good MSE…
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Remortgage questionnaire, question??
Hi Finally we have recieved the correct offer letter and now seem close to completion. We have received a questionnaire, (if you can call it that) from the solicitors dealing with it as we expected, along with the mortgage deeds that we have just signed. My only question to anyone who might have done this before is we had…
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Mortgage Endowment Questionnaire - windfall benefits
I have written to our broker using the Which complaints letter. He has responded by asking us to fill out an Endowment Mortgage - not the one produced by the FOS. It asks lots of fairly unanswerable questions such as what our earnings and outgoings were in 1988. But the question I'm not sure how to answer concerns windfall…
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New to the landlord game, got a few questions...
Please bear with me.... I've been a reader of these forums for ages but now I really need some help! I'm just about to be launched into the Landlord world and could do with some help. I've had a look around but can't find anything that relates directly to my situation. Also, my question covers a few topics so I thought it…
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whats the best mortgage to get?
Hi there, I have a mate, he's planning to buy a small holding of 17 acres. It has a main dwelling and a small cottage which is currently rented out as a holiday let. He is not sure at the moment whether or not he will continue renting out the cottage, but does not want to be precluded from doing so as a condition of the…
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Four week wait??
I've decided to accept my endowment settlement, even though I don't make anything out of it (they will pay any early repayment fees from my mortgage lender if they arise - they won't). So I've sent in the forms accepting the deal - but now they tell me I'll get the money within 4 weeks! This seems outrageous to me - what…
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Missed Payments - Endowment
I have two Standard Life policies taken out 20years ago and 11 years ago, I have fallen behind with my payments for about 6 months, does this mean I will not get a windfall, if so could I pay the outstanding amount to enable me to get the windfall. Both policies are showing a big shortfall and not sure what to do with them.
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Endowments am i missing something
I took an interest only mortgage with an Endowment policy with our first house for £50400 in September 99. This policy gives both myself and my wife £50400 cover so if either one of us dies the mortgage is paid off. In the early years of the policy the unit value fell from 1400p to 1031p which is bad obviously but when the…
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self certification - non conforming mortgage
i am looking to remortgage my existing property in order to release funds. i have been reading about self certification and non conforming mortgages as i would like to borrow more than my salary would allow me to with a regular lender. could anyone please recommend a lender? i read that chelsea building society, and…
