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Many questions from a 1st time buyer
Hello everyone, I have just finished a BSc (Hons) in Computer Science and wish to buy my first house with my partner and 2 step-children. I have not yet got a well-paid job, however I have been employed by my current employer for approximately 5 years (part-time during term-times). I would like a mortgage for approximately…
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Buy To Let
We are looking for a good buy to let mortage and just wanting to see if anyone know of any good deals out there?? Best i have found so far are: ========================================= Northern Rock http://www.northernrock.co.uk/mortgages/selector/result.asp Flexi Tracker for Life FSO Rate PA 5.99%, APR 6.2% LTV 87%, Fee…
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remorgage with defaults and ccjs
Hi i currently paying into a debt managment service and wish to remorgage for house repairs , my morgage is gmac rfc and £72 ,000 valuation of house is £100,000 when it it done up present market value is £200,000 next door i earn £28,500 a year more with overtime £2000 and have a new partner who will contribute £500 a…
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Remortgage advice credit ect
Hi , Hoping that the good people on the forums here will be able to help. Currently we have a mortgage of 74,500 secured loan of 15,000 awaiting experian credit report but excpect it to show 2 ccjs previously that are being paid off total left about 3,000 missed 1 month payment mortgage in past 6 months paying back as per…
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Offset Mortgage linked to Savings Question?
Hi We have a five year fixed mortgage linked to an offset savings account,with option to over pay interest only mortgage - my question is: Is it better to pay off the mortgage loan amount or should we but the money into the offset savings account? And if we put the money into the offset savings account - should we transfer…
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Barclays Woolwich new Mortgage offer
Has anyone been offered or taken up this new offer of 4.69% tracker for the life of the mortgage with no set up costs, and no redemption fee, no valuation fee and you can move with the mortgage. I asked the barclays man what was the catch and there doesn't appear to be one or is there? Anyone help.... :confused:
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high interest only mortgage - is it worth doing ??
I am considering renting out my house, and have been informed that the taxman can take 20% of the rental income after expenses. The interest paid on a mortgage is classed as an expense. I need to remortgage before I rent out the house. If i were to remortgage to an interest only mortgage, so that the monthly interest…
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Is there any hope for me?
Hi, I'm renting at the moment but would love to get on the property ladder in the next year or so... At present I don't have a deposit and I do have quite a lot of debt to pay off! I don't have any CCJ's but I think I may have a couple of defaults. The flat prices I have been looking at are around £130,000, the very lowest…
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Best mortgage for couples/ multiplers
Hi there gang I want to sell my flat ( Ive overstretched) and move somewhere with OH thats smaller and cheaper. I earn 25k. OH isnt permanent anywhere yet ( not for the want of trying!) but on a conservative estimate we reckon his income will be 18k. I will have 10k equity by the time it comes to move. We have found some…
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Help Needed - Want To Remortgage Have Bad Credit!
We currently have a remortgage where we pay £447 a month on a £50,000 loan. We have had bad credit in the past and due to this were not able to go to any hightstreet lender for good rates. However, we desperately need to get our house improved due to a new baby and an overflow pipe leaking onto our lean-to roof making the…
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Mortgage and equity advice for me and hubby who are splitting
Last week hubby and i decided to have a separation, so he moved in with his cousin. He came back last night saying that the marriage was def over and he was moving back in until he finds somewhere else to live. We have a 4 bed det house worth 225k with a mortgage of 60k. My solicitor said that the courts wouldn't make me…
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is this smart or stupid ? remortgaging so i can buy to let !!!
my house has nearly doubled in value since i bought ie 48,000 now approx 90,000., my friend has suggested that i remortgage and use the extra funds to put a deposit on another property and get a buy to let mortgage for the other property so it pays itself plus some towards my larger mortgage. it has me thinking is this…
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endowment mis-selling
i would just like to warn people that recieving remuneration for endowement mis-selling is not always as rewarding as some reports suggest. I am currently fighting Halifax/axa over my remuneration figure, originally i was offered the measly sum of £1600.00 on an endowment worth £44.650 this i rejected so they recalculated…
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First time buyer young professional
Hi, my partner and I are both qualified accountants. We want to buy a house and are not sure where to start - where should we go to get a mortgage quote? Can we get a better mortgage by being qualified accountants - what would be the typical mortgage multiple or is it done by the monthly amount we can afford?…
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Advice pls - changing 30 yr term mortgage?
Can anyone help. We have a mortgage on a council right to buy property on a thirty year term. Rate seems ok - 5% and we are paying 560 ish a month. Tied in for three years unless we pay 6%. Is it worth looking to change? We would like to make overpayments but don't think the lender would let us. Mortgage is 90 ish and…
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is there a mortgage 4 me?
Hello, I am a first time buyer with a problem. I have been offered a family house at a knock down price but am on a low income. The house is worth over 150 thousand and I have been offered to buy at only 110! My income is only 12k per year..is there any company out there who would give me a mortgage based on the actual…
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Mortgage payment query
Hi, I spoke to the Halifax yesterday to ask if there was anything they could do to (temporarily) help me reduce my payments. I took out a 90k fixed rate 3 1/2 years ago - initially on a 2 year fixed, then signed up again for another 2 years in Feb 05. So i currently owe about £85k and the fixed rate doesn't end til Feb 06.…
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any way to trace endowment??
I cant recall who i had my endowment with. I bought it in the 80s and sold mid 90s when i got divorced. Any suggestions?? SARAH
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Overwhelmed, Help required
Hi There, Am currently looking to buy my first property. Its a council house which I am buying under the right to buy scheme. I am a single parent with an income of £25,500. I recieve child benefit/ tax of £32 per week though this is set to end within the next 6 months. Value - £78,000 Deposit Available - £10,000 Mortgage…
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Remortgaging uk property from aus
Hi, Can anyone shine a little light on this one? We have recently emigrated to Australia, and have let our uk home out, fortunately we have good tennants (a Church renting for thier vicar&family) and so far so good, we are renting over here at the moment, but would prefer to buy because of the high tax we will pay on our…
