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offset mortgages - good if house prices crash?
If there was a house price crash which should inevitavbly run concurrently with increased interest rates, would it be best to have an offset mortage to allow for the increased payments? ADVICE PLEASE
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question about direct debit date for mortgage
i have a mortgage with the woolwich, my payments are direct debited on the 16th of every month. i rung up to ask if i could change the date as partner does not get paid till 23rd so it was not very convenient, they said u can only change the date by setting up a standing order. does anyone else do this or have the same…
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Equity Share/Shared Appreciation Mortgages
Needing some help - does anyone know of any lender who either currently offers, or has offered in the last few years, shared equity or shared appreciation mortgages that were available in Scotland? I know Bradford & bingley did for a while but I wondered if there were/are others? Thanks:p
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Preparing for my 1st mortgage... Need HELP!
Hello I am currently investigating the possibility of getting my !st mortgage but need some advice... I am 26yrs old and have an annual income of £26,900. My GF is a student finishing uni in April/May and I would like to look at a joint mortgage if possible, but I am just coming to the end of a DMP which fingers crossed…
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How much can i borrow INCOME45,000
I Have A Joint Income Of £45,000 And Am Looking To Increase My Mortgage From 130,000 To 200,000. But The Nationwide Are Saying I Can Only Borrow Up To 180,000 How Can I Get The Full 200,000 That I Need ? Have I Got A Realistic Chance Of Borrowing £200,000 From A Joint Income Of 45,000 ? Please Please Can Anyone Help
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2nd Mortgage
I have a property already and looking at buying another. At the minute I do not intend to rent out my existing property. Does anyone know if there are any problems with the unusual situation and any recommendations on any competitive mortgage deals out there for such a case?
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redundancy and finding a mortgage
hi there, i am using my boyfriends log in to post this. i have sold my house which i co-owned with my sister and i am moving out on the 11th may however i have now been offered redundancy at my work and its quite a substantial amount. I am more or less decided on accepting the redundancy package as its a good package i am…
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Ing Mortgage - 'bargain' Or 'beware'?
Can anyone tell me why everyone does not go for an ING mortgage, with an APR of 5.2%, and no fees? Although I note that the only guarantee they give is that their rate will not exceed BOE Base + 0.9% (ie 6.15%). Have I just answered my own question, ie are ING cunningly sweeping up the whole of the market with the…
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Just changed my mortgage
Im not sure if this will help anyone but i thought i would put it on incase it does. My mortgage was with HSBC not sure the rate but i wasnt on any fixed so i guess its what the rate is now. anyway, i just changed over to Woolich and saved £60 per month. i have swapped over £80 thousand on a tracker rate. im very pleased…
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Endowment Miss-selling
:confused: Has anyone any experience of getting miss-selling compensation where the seller has gone abroad. My wife bought an endowment (Standard Life Policy) in 1989. The sole trader who sold it has gone to Hong Kong and is untraceable. We cannot get compensation from the government scheme because he hasn't actually gone…
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Ex IVA but want to get a good mortgage deal?
Please could someone help? I am sorry if this has been discussed before, done a search but couldn't find anything (although I am new to this!) I was in an IVA for 3 years and paid off early by releasing equity in house. I need to move house and I'm worried that I will still be penalised even though the IVA was completed in…
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Buying a new house before the end of fixed bit!
hello, i bought a house a year ago for 119,000, my mortgage was for 99,000 and i've basically paid off nowt. However, i now want to buy a bigger house with my fella. My mortgage is with scottish widows and they've told me they'll charge me 3% if i leave and go to another mortgage provider (i've had a pretty good experience…
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Naive mortgage seeker
Please be gentle with a first time poster. Currently blowing my mind searching for the best deal on a £50k mortgage, for a £90k property, convinced that if I search just one more site I will find that elusive best deal that only a secret club of savvy mortgagees know about! Anyway, couple of questions: 1. Am I right in…
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Borrow extra money?
We currently have a fixed mortgage with Halifax for 2 yrs over 30yrs and are looking to borrow 10k for improvments and to pay off some other debts Namely a vehicle loan repayment of 80 pound a month and a credit card. My partner is looking into unsecured loans over 10 years but I think it would probably cost less per month…
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Job probation periods and mortgage applications
Hello If you are still in your probation period in your job and are applying for a mortgage for moving home, how will the lenders take to this? My girlfriend and I have equity in our property and have a good credit rating. What are the pros and cos for us with one of us still in a probationary period? Thanks for any help
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What can be done to reduce monthly outlay?
Hi I have a 10 year term left on my repayment mortgage of £145k, which costs £1500 a month. However, I'm struggling to meet this monthly cost with other bills to pay. What I would like to know if I increase my term back to 20 years and redeem my current mortgage, what would my new monthly repayment be? YEs I know the…
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Is it worth claiming?
Long story cut short: 1993 - £33K mortgage (Halifax), L&G endowment (both through mortgage advice company) At the time the advisor kept saying that the mortgage would be paid off at the end of the term and we would have a surplus of £70K (or something like that) to buy a villa in Spain, sports car etc etc) To take an…
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Need mortgage agreement in principle by close of business on monday!!!
Hi everyone We have found a property that is perfect for us however the estate agent failed to mention it is going to sealed bids at close of business on monday and we haven't got a mortgage in principle, how quick and easy is it to get one, can it be done on-line? many thanks
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mortgages for 18 years olds
Well me and my boyfriend have been toghter for 3 years and we have just got engaged and would like to look for our own place. We both earn 9000 grand a year and are bother 19 in a couple of months where do you think the best place for us to get a decent mortage
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couple of questions on getting a mortgage
Hi everyone, My Hubby and I would like to get a mortgage for our first property. I have just started a new job on a great salary and now we can afford what we want. My first question is will the banks mind that I havent been in my job for very long? Is there a minimum time they want to see? (Previous to this i was…
