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No more 100% mortgages
Latest news. Banks / building societies are starting to stop giving out 100% mortgages in the next few months. This is because so many of these clients have started to fall into arrears. The first will be HSBC and so on. Basically, you will now need at least 5 percent deposit to purchase a house and even then you are not…
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How much to pay for a house
My partner & I are looking to both sell up & buy a new property together. We've seen a property (marketed at £420k with planning for 2 storey side & rear extention) but have discovered it only has single storey rear corner extention permission. We really like the property but we also know it has previously been refused two…
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Endowment. To pay off or invest?
Hi. Hope someone can help with a bit of advice. My wife and I have a total mortgage of £69,000 which ends in July 2016 and is made up of £51,000 endowments and £18,000 repayments. Now we have some endowments due out in April and August this year from a previous mortgage which will give us £22,750. Our current discount rate…
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To switch or not to switch repayment?
Our mortgage deal is due to end son and we're obviously considering our options again. The mortgage we have is split interest only and repayment and has been on a fixed rate for the past 2 years, £120K int only £40K rep Is it best to leave the repayment part to start paying off some capital or continue with original plan…
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Cheltenham & Gloucester
Hi Does anyone know the closing admin mortgage charge that the C&G would have charged in April 2004? Thanks.
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Remortgaged mid-month - been stung for double payment
In January I remortgaged from Cheltenham & Gloucester to Nationwide. Exchanged on the 15th January; C&G charged me £1100 on January 1st, for January. Nationwide just charged me £1045 for February, and £500 for half of January. I was expecting a refund from C&G, but I phoned them and they told me 'we owe you nothing, our…
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Huge interest on Arrears and admin fee!!
Good Afternoon, back in March 2006 my partner unfortunatley missed a mortgage payment with GE Money and following a brief court case was awarded a £100 per month agreement with them to pay off the £2,261.90 over 3 years. This also included a suspended repossesion order. she now finds herself in a better position and has…
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How does a personal car lease affect a mortgage offer
I have been looking into personal leasing a car and have a few questions about how this will affect me getting a mortgage. Currently I have £4500 on my credit car which is pretty close to the match. I was thinking about selling my car to pay off the credit card. Then leasing a car for about £300 a month. Im a first time…
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Worried about previous addresses and mortgage application.
Hi everyone. Sorry i am new here, but my friend says you are all very nice! Last year my OH and myself applied for a mortgage and were told we could borrow up to £200,000, as our credit score came out at 'medium'. Anyway when it came down to going ahead with the mortgage and we gave all of our previous addresses, our…
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first time buyers
hi this is my first post on MSE and alough ive had a good look over the forum i would like an opinion, me and my girlfriend are looking for our first house to buy together, i am 20 and she is 23, my income is 15900 plus quarterly bonus and my girlfriends is 15900 plus half year bonus. we both work for large banks, i work…
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Self Certified Mortgage
Can you please tell me what a self certified mortgage is? We are planning on moving house but my husband is self employed and cannot prove what he actually earns even though we have had a mortgate now for 15 years and never missed a payment. Would we need a self certified mortgage and do you have to have accounts? Are they…
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Mortgage offer too low ...
My husband & I are buying a house and need a mortgage of at least £111,000 (ideally want £117,000). We have been through whole process with ING only to be told that they will only lend us £102,000, due to husband's £20,000 loan & credit card debt. I have no debt. Salaries are £22k and £24k I am guessing the ING offer is…
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Advice for a 'mate'....
Sounds cheesey but honest.... A guy I play football with ran this past me as he knew I used to be broker but I'm too long out of it to really suggest anything so thought I'd gather opinion here... He has a mortgage of 37k on a house worth 140k. He also has credit cards and loans totalling 118k. He has nothing to show for…
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Mortgage Calculation
Hi All Can anyone help I need to know the step by step guide to working out a monthly morgage payment - every where you go web sites will offer you a online calculator, but I would like to know the maths to get to the monthly figure manually?. for example I would like to borrow £90,000 pounds to buy a flat how do you work…
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morgage
Ello people this is my first post so be gental if i get it wrong or witter too much....have just redone my morgage this month had two one with the Yorkshire Building Society and one with Firstplus,wrong i know but i learnt after the event. I had the morgage from around the 1/01/04 with FirstPlus. I got a settlement letter…
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Forces Entitlement
Can anyone help me please. I have been told that due to the nature of the job, people within the Forces are entitled to buy a property and rent it out until the job allows them to live in it, without paying for BTL privileges. Is this true, or an urban myth? I have tried searching for the answer but come up with a blank,…
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Early Redemption Fees
Apologies if there is an existing thread for this topic. We have a Mortgage Express Buy-To-Let mortgage as a 3 year fixed rate deal until end March 2009. As we are now selling our property, I was shocked to find that to redeem it early, the early redemption fee is 5% of the balance. As it is on an interest-only repayment…
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Remortgage After 1year With Northern Rock?
When we were buying our house, we used a mortgage broker and the cheapest deal for us was Northern Rock, at the last minute the paperwork was sent through for my OH to sign they upped the interest rate by 1% and would only give £100,000 not the £120,000 we needed. I was due to give birth 4days later and we had already left…
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HSBC Slow and Incompetent
:mad: :mad: I applied for my mortgage with HSBC a couple of weeks ago and I’m still no further and none the wiser to how my application is progressing. Every time I call I have to speak to a different person who clearly has no idea what is going on and every time I call they ask me to call back in a few days. On top of…
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Sub Prime/Adverse mortgages advice
Please help, I currently with SMPL and am hoping to move mortgages to a company who will offer further advances for an extension (Twins born) - SMPL do not. I have enquired through vesta mortgages brokers but intend to make the mortgage application independantly to save almost £3 K broker fees. Below are a few offers from…
