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Alliance & leicester says we have no deposit
Hi everyone a friend at work says this is a good place to get advice and I hope someone can help cos hubby and I are close to the edge!!! A friend of my dad's has agreed to sell us a house he inherited for £235,000. Because we don't have enough savings he has agreed to pay a 10% deposit for us. My husband is self employed…
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100% mortgage for grads from HSBC
Hello everyone, I've been researching various mortgages for the past few days only to realise that my options are very limited. I earn £25,000pa, have clear credit, pay off my credit card balance every month and have no debts at all. I'll get my annual pay rise in August (I work for an American company so we get pay rises…
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Underperforming Endowment vs Debt repayment
At the moment I'm out of work although receiving a gross pension of £1900 a month and my wife earns £500 pm. I have 2 loans with RBS and Northern rock and under performing endowment currently worth £30000 due to mature in 9 years when it should be £60000 plus profits (Aon have refused my request for reparation as they say…
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How many times your income?
I'm good with interest rates and repayments etc but can you guys let me know which firms will lend you the biggest multiples of your income and also the longest period?:eek:
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Equity Release - - Options????
First post so please be patient...... Situation Mortgage £79k Property value £160k Joint earnings £56k Want to borrow £60k out of equity to go towards purchase of overseas property with another couple. This will provide deposits etc and the remainder will be remortgaged in the country of purchase. Current lender needs…
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First time mortgage with 2 paid off ccj's
Hi, I'm looking into our options at the moment for getting a joint mortgage with my partner. I have 2 ccj's (totalling £5k) which I paid off in full August 2006 and one default (which is part of one of the ccj's) and was wondering what our chances are for getting a mortgage? :confused: We have £10k deposit and we earn £50k…
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what are my options?
Hi all, Im currently on £20000 a year salary and i am looking to get a mortgage for around 115000-125000. What realisticly are my options (if i have any). I am looking to do it without any deposit. My girlfriend is currently a client of cccs paying off her debts, would this affect us if we went for a joint mortgage.
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Shared Ownership Mortgage Question
Hi, I am going to be looking at a shared ownership scheme at the weekend, with the view of buying a place, if I clear all the checks needed. I have a question regarding deposits and how much to buy, and have not seen any info in any of the paperwork associated with the shared ownership schemes. The property is approx…
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Im having a panice, please advise!
Hi all, We went to view a really nice maisonette tonight, we just love it ! Its well within budget, would need to borrow 4x joint salary. Its 2 big bedrooms, lovely garden, gorgeous kitchen and bathroom, just everything we need right now really. We want to offer the full asking price tomorrow, but we only saw our mortgage…
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Certificate of Mortgage Loan Interest...excess charge?
Am I alone in thinking that the Halifax are taking the 'mickey' (Self edited in case younger viewers are reading) when they charge me £20 for a 13 line letter to tell me how much interest I have paid and how much I will pay next year???? If someone sat down and wrote me a personal letter, put a stamp on it and carried it…
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Foolish or what
I'm new to Martin's site and to using Forums, well here goes. Before I found this site I had enlisted the support of one of the so called expert firms to try and secure a win for 2 mis-selling endownments. No success with either and they advised to proceed to the FCSC with one claim. Which I did and secured £600…
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ftb advice please
hi all, i must apologise as i dont know alot about mortgages, but i'm 25 wanting to buy my first home, i'm on £18500 a year, about £7000 debt and wanting to hopefully borrow to pay debt off as well, so gives me fresh start and one major payment to pay out.. i know some people on here will say save up pay off debt first,…
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Agreement in Principal - What does it mean ?
We have been working with a financial advisor to find a mortgage. He recommended one, we were happy and filled out the application form, provided proof of income e.t.c. He has got back to me today saying that the mortgage has been approved in principal, but what does this really mean ??. When do we actually get a definite…
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exam questions
well hello Just need a little help on the answers to these questions as i have the cd disc and the paper exam but the results seem to be different on each :mad: cheers. Derek and Brenda, both aged 45, completed the purchase of their house on 5 November 2004 for £520,000. They have received a letter dated 18 June from their…
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Advice needed re : mortgage application
I would be grateful if someone could give me some advice. I am just in the process of purchasing a flat and submitting the mortgage application form. However on the application form the Bristol and West want to know where the deposit monies are coming from. I am using my credit card but not sure if they will be funny over…
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Mortgage PPI Query
I've posted this in the insurance section with no response, so wondered if anyone on here may be able to offer any insight! Back in May 2003 I took out a mortgage with Halifax complete with Life/Accident/Sickness/Unemployment cover. At that point I was fine, no illnesses or problems. In July 2005 I took out a further…
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Transfer of Equity Question
Hope someone can help me. I live with my girlfriend and she has recently inherited some money. I own the house and the mortgage is in my name and my girlfriend wants to become a joint owner with me which I happy to do as I could use the equity to pay off my outstanding debts. I have an outstanding mortgage of 90k and the…
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Whole Market No Fee Advisors
I'm in the North East of England (Newcastle) and was just wondering if there was a website that lists 'Whole Market No Fee Advisors'. Any information would be much appreciated. :j
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Options !
So looks like this mortgage wont go through now based on not being bleto get 3 motnhs wage slips ! So just wondered if any one had any ideas on our next steps i was thinking about either of the following. 1. 95% mortgage in Joint Names as my defaults have been "satisfied" now, but where do we get the 5% deposit from if we…
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Overpayment and reducing term?
Hi Approx 5 yrs ago took out mortgage with Nationwide, £130k with £13k deposit over a standard 25 yrs. Mortgage currently stands at approx 99k now with overpayment fund of approx £5kish. We have just signed up to carry on the mortgage with 20 yrs to go, when does the term reduce as a result of overpayments or does it not…
