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First time buyers - how to choose a solicitor?
Hello, I've been lurking on this board for a while and have picked up some great tips, but I'd really appreciate some help here. We are on the brink of putting in an offer on a flat in a new build development, having had some mortgage quotes. However we're aware of the need to have a solicitor in place before we get the…
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Legal & General endowment, advice pleade!
Hi I have just received my annual bonus statement for year ending dec 05. I currently pay £33.51 a monthand the policy is due to mature 10/2018. Basic sum assured is £8,050.00, life cover 23,000, existing bonuses 2,324.50, bonuses added for 2005 89.40, total basic sum assured 10,463.90 and current final bonus rate 64%. In…
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2nd Mortgage - Deposit
Hi All, First time post, but been reading the forums for a long time. I'm currently in the process of buying a new flat. I have a 10% deposit to put down on this. I also have my first flat which I rent out (39k to pay on this mortgage). Most of the mortgage providers I speak to are looking for a 15% deposit, due to the…
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Changing Mortgages, Arrangement Fee?
At the moment we have a mortgage with Abbey which tracks the base rate of interest. In July this period ends and it will change to Abbeys standard rate. I visited a mortgage advisor who recommended that we have a fixed rate mortgage with Halifax. The arrangement fee is approx £600. Is it possible to get a good deal but not…
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First Active
Are First Active any good? Have never heard of them but their fixed rate mortgages seem pretty good. They aren't one of these 'dodgy' finance companies similar to the one fronted by Carole Vorderman are they?
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Increase Mortgage Payments or Save
Ok here goes, At the moment I have a 30yr mortgage. If I reduced it to 20yr it would only cost an extra £150 a month. We want to buy a bigger house but unlikely at the moment to have the appropriate income to do so and we do not have much savings. Therefore do I save for a larger deposit on the next home or put the money…
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Fixed Period Interest Rates....Is it best to take longest term available..?
I am a first time buyer and have been reading this forum with some interest and fear! I am currently paying off debts, will be cleared in September and we will then be looking to purchase a property. We hope to buy a house at 4 times our current salary and we have looked into this and we wuold be able to cope if the…
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mortgage enquiry
hi all, ok i am self employed with no proof of accounts as only just started, my girlfriend will be starting full time work in 4 weeks after finishing college and will be earning £14k pa, i live with her at the moment on her council flat, we are after borrowing roughly £100k and we are looking to buy in 3-4 months and have…
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Mortgage paperwork when sole trader
Any tips please? OH is self employed, does his own accounts, has a tax advisor to fill in his tax return for him. Tax advisor uses his accounts to calculate the totals and percentages etc. Abbey are refusing to accept the accounts as they aren't "signed accounts"...our tax advisor isn't an accountant, so she doesn't do…
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Remortgage with same lender?
Sorry if this sounds really dense but I am wondering whether it is possible to remortage with a current lender to a better fixed rate mortgage deal - if say one still had about 16 months to run on their current fixed rate deal. Would they hit you with early repayment charges etc etc or just an admin fee?
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Lending more than we want
Hi, Not to go into all the background, we applied for additional borrowing towards our current mortgage deal coming to an end. We applied for much more than we now need, as we have released funds from elswhere. (We were looking for a deposit on an overseas property.) Apparently the original larger amount was approved and…
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Remortgaging and mortgage deeds
My fixed rate mortage ends in July so I would like to arrange a new mortgage. My problem is that I'm not currently working (tho I have savings and redundancy cover for my mortgage). I have spoken to London and Country and they have (not surprisingly) said that there is no way I will get another mortgage by myself.…
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woolwich openplan mortgage agreed but not reserve facility !
Hi This is my first post so please bear with me :D I have had a mortgage with the abbey for 2 years (and previously before switching for 4 years) I have never missed a payment or even paid late. I have credit cards and catalogues which have some late payments but none missed. Have verified this on experian report. My rate…
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Conned by an Endowment Claim Company
We signed up with Brunel Franklin to claim for endowment mis-selling". One claim was successfully processed (and the 25% charge paid to BF). A second endowment with a different insurance company resulted in very low compensation offer. Which meant that with the "price promise" being offered by the insurance company, we…
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buying a property abroad
I need to raise £20k for a deposit on an apartment abroad. My current home is worth £250k and I have £24k outstanding on the mortgage. What's the best way to raise the £20k?
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Getting a mortgage without life insurance.
Is it harder to get a mortgage without life insurance ?
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Cash Bank on a Mortgage Payment
Hi All Is it possible to pay your montly mortgage via a credit card so you can earn cashback on it (as long as you pay the credit card off in full to aviod charges) Regards Sand Man
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Remortgage question
I recently remortgaged however I was wondering if what happened with me was normal practice as it has dented my cash flow a bit! I made my normal mortgage payment to company A at the start of the month. The remortgage took effect in the middle of the month. At the start of the next month I had to make 1.5 month payment to…
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Morgages for the self employed
How do you get on with this one? My partner and I both self employed. Him 2 years, me just 1 year. My accounts show a profit but that doesn't prove any income. What are the best lenders in our situation? Brokers haven't been too hot with suggestions either. Are the earning multiples lower for self employed?
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More FTB advice pls...
Hi, My partner and I are on the verge of becoming first time buyers. We're after a little bit of advice first though... We have a joint income of 34k, and savings of 40k potentially for a deposit. A house that we would like in our area would be approx 180k. We've already been to a bank to have an 'informal chat' about how…
