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Selling an Endowment.
Hi there , kinda new to this stuff but here goes , We have recently paid of our mortgage and now no longer need our policies , One is a Scottish legal life policy with profits. The details are Sum Assured £13.875 Total Bonus £ 3,568.12 Total Guarenteed Benefits ( Payable on maturity or death) £17, 443.12 Illustratave…
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commercial mortgages - how do they work
For a more balanced life hubby and I have agreed that I will leave my job and move into business. Our intention is to buy a guest house / B&B. We need advise on financing this project. We expect to sell our home which should leave us with about £118,000 towards our move,must inc stamp duty & fees My husband will continue…
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what is a year ?
I have paid off my debts, so now want to get the morgage down, We are only allowed to pay 10% a year extra.....but what accounts as a year ? is it january to december or april to march (as the tax year ?) many thanks
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1yr left fixed but want to extend now
I've got 1 year (well, 14 months) left on a fixed repayment mortgage with B&W at 4.75% (taken out 4 yrs ago). I would like extend the fixed rate period in the next couple of months if possible, for something like 5 or 10 years Seeing as I'm tied in with them for 14 more months, might I be able to negotiate a better deal…
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Exit fees, arrangement fees, remortage advice needed!
Hi all, When I arranged my mortgage with the Chelsea BS 2 years ago the exit fee was 95 pounds, and on current literature they say the exit fee is 175 pounds. Which one do I have to pay if I remortgage with an different provider, and is there a case for only paying the old fee? I think I have found a great remortgage…
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help with loan
currently i have a 20k loan at 490pm over the next 4 years, i am wanting to get a mortgage, the house value is 98500 but i am going to offer 95000, would a lender allow me to put my loan together with my mortgage? an adviser said he could get me 135000 at 750pm over 35 years, is this a good deal
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help
hi i am looking for a 125% mortgage for a first time buyer, i have been offered 135000 over 35 years at a rate of 750pm, does this sound good, this price has conme from a mortgage adviser, do u know of any good companies to offer this? also the house i am looking at is worth 98500, but i want to offer 95000
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buying invest property?
Ive been able to release some capital enough to buy another property. Should I buy a property for purpose of buy to let or wait? with the current housing market im confused. Im currently looking to buy if I do mainly near west london (heathrow) / slough or I was thinking in east london with the upcomming olympics. any…
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Interest Only Remortgage free of catches
Can some one help me please? I am looking for an Interest Only Remortgage ( High Equity cushion and Repayment capability absolutely no problems). Only thing - I don't want to incur ANY upfront (valuations, legal, arrangement, etc) or repayment costs nor requirement for Savings, Insurance Products etc. Any suggested Lenders…
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help wiuth bidding on a house
i have seen a house for £98500, needs some work doing on it and also has just recently been repossesed by halifax, within last 2 months, not halifax are re selling what offer would u make, i was thinking of £90000, would that be reasonable?
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help with 125% mortgages
i am wondering if any one can help, i am currently looking to buy my first house with my gf, we have seen a house at 98500, but i have a 20000 pound loan, i have spoke to a mortage adviser and he can get me a mortgage for 135000 over 35 years at a monthly payment of 750 he also needs 450 payment for surveyors, i am…
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Mortgage for foreign nationals
Hi, Can anyone help? I am here on a Work Permit and have a 4 yrs left to work in this property.Which lender would accept me for a mortgage? Though i will surely get my permanant residency in 2007 because i have been in this country for 4 yrs.Most lenders only accept applicants with apermanant residence permits. And also i…
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buy to let morgage
i am buying two flats in order to rent them out, both are costing £210,000 each, what is the best deal that i can get and what is the minimum i need to put down
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Will I have a credit problem?
I am just starting to look at buying my first house, I have had three lenders give me mortgage quotes, but the one I've just rung says that there's a credit check on each one (which I knew) and that too many credit checks gives you a bad record (which I didn't know), she said four would be a bad record. So my questions…
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Surveyor priced house less then offer price
I offered for a house for £124,000 which does require some work which I was aware of. Roughly £5000 which was also picked up by the surveyors report. The survey results have come though today and have priced the house at £115,000. What happens now? Do I renegotiate another price? I'm a first time buyer and know very little…
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Advice needed Friends provident endowment
Hi Guyz I have an endownment with the above its supposed to cover £25,000 for my mortgage. it was taken out on 4/8/1999 till 4/8/2018 it is showing massive shortfalls, as shown below it it grows at 4% - £15,900 5.5% - £18,100 8% - £22,500 I was wondering if anyone can tell me, is it worthwhile continuing with this or cash…
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FTB Mortgage for a Freelancer
Hi... My sister and I are in our early 30's and are saving up to buy our first Home in London. We will have £20K as a deposit in 3 months and are planning to start putting in offers then. We're looking to buy a two bed flat (if we can get an end-of-year discount off the Housebuilders - excellent!) at about £170K -£190K.…
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A&L Re-Mortgage BR-Tracker Deal changed
A&L have improved their BR tracker deal from -0.16 to -0.31 giving a current rate of 4.69 (Although their arrangement fee has been increased to £599 but could be worthwhile for larger mortgages)
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UK property - overvalued and poised for a correction soon?
Hi all, Not wanting to get into a huge economics debate or scaremonger but a friend of mine emailed me (he now lives in Asia) and had a viewpoint about UK property and that it was overvalued and poised for a correction soon. In a nutshell..."….it is a real conspiracy that property values and mortgage payments aren't…
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Problem with remortgage.Can anyone help?
I don't know if anyone on here can advise us but I thought I'd give it a try. My OH and I tried to remortgage our house and we thought everything was going ok and were just waiting for a completion date when the conveyancing company said they had tried to get some information but couldn't as there was a problem with our…
