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how to borrow 120k
Hello all, I'm self employed, my income varies between 35-40k but I have no wage slips etc I have a chance to invest in a company with very good prospects and become a 50% stake holder in that business. To do that I need to borrow 120k. My dilema is this. Do I go for self cert mortgage of 120k(I have house worth 220k with…
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ID for mortgage
Today i have received a letter from the mortgage company asking for ID's etc. 2 things im stuck on really.... 1: They want 3 months bank statements... i do not have paper based statements as i get them online, so can i print of the last 3 months from my bank account online? 2: They have asked for proof of 6 months rental…
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Remortgage nightmare
Hi all, I have been lurking for a long time on these boards but this is the first time I have really needed help desperately! Following Martin's advice, we recently approached a broker to remortgage, a we are coming up to the end of the discounted deal. He was very helpful and recommended a mortgage that suited us,…
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Remortgage adding loan.
Hiya everyone, My 2 year fixed rate mortgage comes to an end at the end of June this year. I bought my house in June 2005 for £66000, I got a mortgage of £56000 after putting down a deposit. My monthly payments are £325.74 p/m. I recently got a £10000 loan out over 5 years to consolidate my credit card and small overdraft.…
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Stay in rented or buy???
Hi Everyone I am just looking for some general advise..... I have recently sold my house and got sufficent money to pay off my considerable unsecured debt and leave a small deposit of around 15K. I have not been off the 'housing ladder' since the 1980's and it is worrying me. However I know now that my credit score will be…
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Mortgage Payment Protection Insurance
Wasn't sure where to post this query, here or in the Insurance forum? Anyway I've just remortgaged with C&G and I'd like to protect my payments. Previously I took my C&G mortgage via London & Country but this time I decided that the mortgage deal I was offered by C&G matched the best that L&C could come up. Anyway…
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First Time Buyer, No Deposit
Hi all, I would like to know the possibility of finding an 100% mortgage. We can however cover all the other costs. My hubby earns £25500, with a yearly bonus of around 15% of his salary, I have recently started my own business and am bringing home around £5000 minimum, plus we have child benefit and tax credit which comes…
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Leave my money in offset mortgage??
I have an offset mortgage with the Woolwich It finishes in around seven years and I owe £39000. I also have £25000 sitting in the same account. My question is,should I leave the 25k there to offset my mortgage or would I get more benefit elsewhere?I also have around £100 per month to invest in a bond/isa/savings scheme etc…
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Mortgages after Bankruptcy
I was declared bankrupt two years and have been discharged for just over one year. I will be moving abroad shortly for three years and when I come back I plan to buy my first home. I have planned it so I come back just after six years have passed since my bankruptcy and as such it and the accounts should be off my credit…
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Is it best to organise mortgage before property search?
Hi there, My partner and I are looking to buy our first place together ( both of us are first-time buyers). Is it better to have a mortgage all organised and set up before even finding somewhere we would like to make an offer on, or is it ok to do it after we have had an initial offer accepted? Thanks in advance:j
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Wrong Advice?
I recently went to see a Mortgage broker and he advised me on the Best mortgage to take. He asked during all the conservations what my current rate was and I said it is currently 0.75% above the BOE base rate. He never asked so see the details of my current mortgage and the fact that it is stepped tracker which drops to…
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Fix at 5.89% for 2 Yrs or 5 Yrs?
Can anyone offer any advice on the above my current fixed rate deal ends at the end of the month mortgage lender offering the above both with no fees anyone know what would be the best to go for i know its a bit crystal ballish but anyone any thoughts? thanks
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Mortgage: HELP ME SAVE MONEY...PLEASE!!
hi Martin & everyone. just looking for a bit of advice on my mortgage. I have a year left of a 5 year fixed interest mortgage. after the 5 years it will rise to whatever the rate is at that time. now, i regularly change my credit cards after the interest free period expires.....can i or should i try this with my morgage??…
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don't know were to turn
Hi everyone, I am hoping for some help as to where to turn for a re-mortgage. The story so far. 10 years ago my now ex hubby and I got our first mortgage, we then got into a bit of financial difficulty and got ourselves a secured loan. Hubby then became and ex with no income for over 2 years so I was left to fend on my own…
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Mortgage exit fees
Fantastic result one phone call & C&G bluiding society offered £177 exit fee refund, not even one letter, exit fee was £225 hey we all have to eat, 3min call preferable to letters/court action. Dont be greedy claiming all refund charge, next reclaim any charges made to account for late payments More power to reclaimers.…
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Guarantor Mortgage
My partner and I are hoping to buy our first home together but have run into some problems. He is a Canadian in the UK on a 2 year visa based on my sponsorship of him. He is currently looking for a job but should find something in his sector relatively quickly. He will be earning more than me but all of the lenders we have…
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How to compare mortgages ?
All Does anyone have a way of comparing mortgages ? I thought that if there was a list of features for a mortgage, this this information could be gained for the mortgages I am intersted in. Then when looking at them side by side, it would be easier to see good elements and bad about the mortgages being considered, towards…
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Mortgage and buying two proerties
Hello I am in the process of buying two properites. One up north (which i am going to live in at the weekend) 50 k mortgage and the one in london (for work) 87k mortage. Both properites have large deposits I have applied for a mortgage with one of the major banks which was approved yesterday. I have rang up today to apply…
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Will the insurance company catch me?
Hello, I am currently in the process of getting a mortgage with my g/f however the cheapest option was to go it alone in her name only because of my CH, anyway basically on the insurance questionaire there is a few questions about my history that could comprimise our relationship BADLY should she find out the truth. I…
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Can we get a mortgage now ?
Hi My partner and I bought a house today :) It's a new build and won't be ready until October/November. This might be a silly question but as we're going to finalise missives within the next fortnight, can we get a mortgage now and put it in a high interest account and start repayments now and then pay for the house in…
