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HIP and Remortgage?
After 1st June, would I need to get a HIP for a Remortgage? :confused: Many Thanks
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Any mortgage adviser able to give me some advise??
My situation - first time buyer - 5k deposit at moment - earn 30k a year basic and 5k bonus, in 18 months my salary will realisticlly rise to 45k - clear Credit history apart from 3 late payments on 1 credit card in last 36 months, none within last 12 months (all nominal balances payed a couple of days late due to…
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Broken interest.....
Can someone explain this exactly, someone I know has just gone for first mortgage and the keyfacts state that the first payment would be higher than the rest as its including this broken interest. Is this a fair charge as I have never heard of it and cant say I was ever charged higher for the first month or maybe I'm…
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Life / Mortgage Protection Insurance
I have recently taken out a mortgage and the broker is about to sell me life insurance. As I know nothing about this I want to do some research before meeting him. He explained that there is a level term policy and a decreasing policy and that the policy will pay out in the event of death. I have life insurance from my…
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Do bonuses get taken into account?
Hi, Just wondered, when taking income/affordability into account for mortgage multiples do they take bonuses into account? My OH received a 5 thousand bonus this year and should expect something similiar each year. Thanks
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We Want To Move House
Myself and my girlfriend are currently living in a 1 bedroom house and have been for 8 months but now we feel we need to get a bigger place. Our current mortgage is for £82,000 with £10,000 that I put in myself but now we need to get out of our 3 year fixed mortgage with Kensington Mortgages which has a £5,000 early…
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what should my mate go for ?
hi all hoping to get a little advice on this my friend has recently bought a new build 1 bed for 180k she has 100k savings and is earing 15k just wondered what you guys recommend shoudl she get a offset mortgage or a normal mortgage ? and are the first time buyer mortgages any good ? as i cant see the difference between…
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£13500 interest only paid - WHERE DOES IT GO?
I've just realised that I will soon have made the final payment within my 3 year homestart mortgage. The thing is I have been paying the interest only and it amounts to £13500. I'm a bit concerned because I feel asthough I there I have not made any real impact on the mortgage. Essentially, I borrowed £84K and I have not…
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FTB Mortgage Help
Ive finally found a house. Its "offers over "98K but the estate agent hinted it might go for 98K, not 10/20% over like the rest of the houses in the area as its a bit dated and every viewer so far hated particular things we know are purely asthetical. The estate agent seemed a bit too honest!! So, via alliance leicester…
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first time buyer needing a bit off help .
A guy in work is buying a flat with his partner . The flat will be in one name only and cost £152,000 . He is looking for a mortgage for around £136,000 . He has been offered a mortgage from first trust bank (via a broker ) at 6.14 % ,which I think is to high a rate . The broker has made 2 offers 1 seems to be the SVR (…
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Charging Order
Hi All, I would be realy greatful if somebode could give me some advice. I am in the process of selling my house. Unfortunately, due to a severe debt problem, I have a charging order on my house. The sale price does not cover the amount of the charging order. Does this mean that the sale is going to fall through because…
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need a new mortgage
Hello I need advice, i lost a well paid a year ago through no fault of my own and my credit cards and loan went into arrears, rather than let them go into default i contacted the CCCS who have been great and i pay so much per month to repay the debts, problem is the amount i am now paying it will take me 12 years to pay…
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Mortgages for property renovation?
I am looking to buy a property in need of renovation. I already have my own home which I have a mortgage on and a buy to let property also mortgaged which I purchased in January this year which is tennanted. I am looking for a property around £110,000 and am able to put £10k down as a deposit and obviously have the cash to…
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cemap3
how many questions roughly, would you be expected to find in the cemap module 3 exam from module 1???. I am a bit worried as i have forgotten most of the part 1 material! :confused:
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Self Cert - what can we get?
Advice needed - I think we'd be looking at a self - cert mortgage here, but I'd like to know how much we can borrow and what the rate / repayment might be. Basically, my husband earns around 27k from his full time job and I'm self employed with an income of what looks to be around 25k (gross, as a conservative estimate),…
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Endowment Complaint Form
Hi All, I am dutifully completing the forms that my two endowment providers have sent and they are asking questions about my other endowment polices and the current value of the mortgage etc. 100% of my mortgage is linked to endowment policies but because we moved into a cheaper house a while ago the total of all my…
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Remortgage with Abbey...they said no. Daft?
We asked for a top up on the mortgage and they said no as I was late paying a credit card over the last couple of months. They also said when telling me the application was declined for this reason that if I pay this card on time for the next 3 months then come back. (I think I have to prove myself to pay a bill on time ;)…
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how exactly does an offset mortgage work ?
im seeing on moneysupermarket.com eg Abbey Flexible Plus Base Tracker 5.9% 5.74% Term does that mean i can use any of abbeys savings products etc to offset the mortgage etc and thats the rate i will pay on my mortgage ? thank you
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*Help/Advice Needed With Endowment Policy*
I have found myself in a bit of a dilemma & I could really do with some advice or help regarding my situation! I have an endowment policy which is with Pearl and it is called a homebuilder. The problem is that the endowment policy is addressed to me, however it has my ex-girlfriend's name on the policy details.We split up…
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2nd mortgage complications!!
Please advise..... I own a property which i bought for 70k in 04 and is now valued at 90k. I have decided to buy another house with my partner and have had an offer 101k accepted over easter weekend. We wanted to borrow 105k to furnish etc. I gave my mortgage broker the details ie our collective wages etc and expexted…
