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Student nurse mortgage/buy to let?
Hi, DD1 is halfway through a three year nursing course in Brighton. Her current rental contract expires in Jan. I'm fed up of paying through the nose in rent (I'm paying for DD2 elsewhere as well!) to line someone else's pockets. What are her or my options regarding mortgages? I'm thinking buy-to-let? key worker? I'm quite…
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Broker for mortgages abroad?
I'm looking at getting a mortgage to build a house in Greece, but finding it rather difficult to get information. I can go to the Greek banks and do the calculations myself, but this is rather a high-risk strategy. Are there any mortgage brokers in this country who specialise in mortgages abroad? Or any websites where…
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Bank Guarantee - What Exactly Is It?
Folks, I am in the process of buying a flat in Portugal as an investment. I had been intending on getting a mortgage with a portuguese bank (I lived there for many years and speak the lingo). I actually contacted several banks, and pushed ahead for a decision in principle with 2 banks. After 6 weeks of dragging their heels…
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Broker trying to rip me off.
Hi all. I recently used a broker to secure a mortgage with a reputable nationally recognised bank..(Northern Rock) I have a good credit rating and have been pleased with his help. His inital illustration showed he would get approx £800 commission from the bank, and he also told me he needed a £95 admin fee. So far so good,…
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Current Account Mortgages - Another benefit?
Hi All I've been looking into various different options over the months and just a quick query which I hope someone can help with. In other posts it seems that if you build up a large savings pot with an offset mortgage, then lose your job you have to eat into this until it's at a present level whereby you could get…
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Nationwide haunt me!
For many years I had a mortgage with Nationwide (before switching lenders was heard of!) and they were awful.. 1) Treated like a school child when I wanted to increase my mortgage to move house (was borrowing less than 2x salary with no other borrowing anywhere) 2) They tried to charge a tie-in penalty fee when one didn't…
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Looking at remortgaging - offset mortgages?
Hi - I'm on a roll here, though feeling guilty as I am not likely to be able to actually help anyone with money issues, but I would like some more advice please. My partner and I are in the process of remortgaging as our fixed rate mortgage will revert to being variable at the end of the month. We saw a mortgage advisor…
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Getting a fee free re-mortgage from the same company.
I have recently changed my mortgage deal to a much better one with the same company (name not important). What is important though is that were trying to bleed my dry of £300 arrangement fee. I told them that I was not paying any fees to switch to a better deal and simply informed them that I have been with them loyally…
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A no fee change of mortgage with the same company.
I have recently changed my mortgage deal to a much better one with the same company (name not important). What is important though is that were trying to bleed my dry of £300 arrangement fee. I told them that I was not paying any fees to switch to a better deal and simply informed them that I have been with them loyally…
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2 Endowments, Keep or Sell
Hi, I have 2 endowments & wonder should I keep sell or surrender them? 1st policy with Pheonix Life(formally Royal Life) 25yr With profits endowment Target Amount £25,000 Basic sum assured £8,250 Bonus to date £2163.32 Surrender value Nov 2006 £5701.00 Monthly Premium £37.00 Maturity date 02 Aug 2018 Maturity Projections…
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Advice required please!!!
Hi this is my first post, although I'm not new to the website or even just browsing the forums! The advice is for my sister, her situation is as follows; she is currently in the process of divorcing the father of her three children. The kids live with her in the 3 bed house she and her husband bought on a joint mortage…
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Mortgage Lenders - Section 106 Restriction
I have been offered a property on a low cost housing scheme but am in need of some mortgage advice. I know not many lenders will lend with that restriction in place and to make things worse I have 2 defaults from Jul 01. (both satisfied though) Also have never missed a payment on any credit agreement since The property is…
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Risk of credit checks?
Hi Fellow Moneysavers, I've seen a mortgage advisor today and insisted on having no credit checks done, so as an estimation, he told me i could be eligible to borrow up to 155000. With the deposit i have (20k), i am probably able to get a 175000 house. Obviously, this won't be confirmed without a credit check. On the other…
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mortgage with hefty early redemption
we bought our house not long ago with 2 years fixed but with a hefty 7k early redemption penalty. turns out we hate the place and want to move but dont want to pay this 7k obviously. does anyone have any ideas on how to get around this? i know we have been stupid but hey who hasnt at some point.
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Paying mortgage payments with a credit card?
Can this be done?
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Who's good at math's ?, 2 endowments , 1 mortgage
Hi All, New member here so hope someone can understand....:o Currently am paying 2 endowments & 1 repayment mortgage Question is shall I surrender the 2 endowments and pay off a lump sum on mortgage. Endowment 1 , ends in 2016, Currently estimated maturity @ 6% each yr is £21,500 Costs are £64 per month with a 5% yearly…
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paying with a credit card...?
Hi, My mum is £7000 short for paying at completion of the flat she's buying. She was relying on her brother to cover her for a short period (I think she's cashing an endowment), but he his doing a big developing project at the moment and does not have the money- and may not for several weeks. She can use credit cards until…
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remortgage - Copy of redemption statement
Hi I am remortgaging from Halifax to Nationwide. My mortgage broker took the figures off my statement dated 30.09.06. My new mortgage figure is based on a loan of £90045, the amount currently outstanding, less the early repayment charge. The fixed deal ends 31.12.06. Added onto this figure is admin fee £1598.00.The amount…
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Mortgage Broker Advice Please
I've found a SO flat in London that I'd like to buy. The share of 40% will cost £75k which shouldn't cause any problems on my salary (£27k), however I don't have any money for a deposit :o I have been offered a mortgage through Forces Housing of £93k + approx £60k home loan. Obviously I don't need that much and would like…
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part ownership
we're in a motgage at present but repayments are high is part ownership an option can anyone help?:confused: