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Huge Debt and First Time Buyer ADVICE PLEASE
Hi all, this is my first post. I really need some advice! My partner earns just under 100k a year, but owes 60k. We would really like to buy our own home, but- before I make a potential fool of myself by asking a mortgage advisor face to face..........I would like to ask for advice from everyone on here. Is it possible to…
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Where to find a broker? (Surrey/Kingston)
Hi all, Can anyone advise where we can find a fee free whole of market mortgage broker in and around Kingston Upon Thames. The only place i can see locally is 'you move' so if anyone has any opinion on using them to find a mortgage i would really appreciate it. Thanks
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Decision in Principle
Hello Can someone remind me what a decision in principle from a mortgage company is.
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House Purchase Plan- 14 Years
I want to own a house in 14 years: I earn £49K rising to £59K in the next 12 months I owe £90000 on a house that is rented and has £60K equity I want to own a £260K house in 15 years My pension will be £27k payable from age 55 (I am now 40) I also get a lump sum of £110k on pension and additional lump sum at 65 of £110K. I…
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Selling house and have a maths qeustion!
Could someone shed some light on this situation for me. Bought house a year ago for £134,000 and paid a £6,700 deposit. Have overpaid by £1250 Am selling for £152500 Have a together mortgage with Northern Rock and they gave us £1000 cashback as part of the deal repayable if we leave them within the first 3 years. Selling…
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Abbey - Arrangement Fees
Hi My mortgage has been with Abbey for 14 years, however over the last 10 years I have taken out extra amounts for home improvements, these have been added to the mortgage. This has been 5 times and each time I am charged £95.00 arrangement fee. Does anyone think this is excessive? Many thanks in advance for any replies.
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Abbey - Arrangement Fees
Hi Not sure if this should be with Mortgages so please forgive me if I'm wrong. My mortgage has been with Abbey for 14 years, however over the last 10 years I have taken out extra amounts for home improvements, these have been added to the mortgage. This has been 5 times and each time I am charged £95.00 arrangement fee.…
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Advice needed re: Transfer of equity & Mortgage
Please could anyone advise on the following scenario: I am looking to buy a house but have no deposit - however my mum has offered the use of some of the equity in her property i.e. £50k. I'm not sure quite how this would work but wondered if it would be the case that she would transfer the property into my name at a…
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Transfer of Equity Online
Has anyone done a 'Transfer of Equity' online? :confused: Would you recommend this? Many Thanks
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Joint name cheque.
When a house is sold that is in tenants in common, does the solicitor have to give a joint name cheque to both owners for the total amount or will he/her have to see the trust deed first and give both parties there share? thanks.
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Best Mortgage option?
Our mortgage advisor has advised that we take out a mortgage with Alliance and Leicester - there is an inital fee and he makes approx £912 in fees - how do we know this is the best deal for us, and not just the best commission rate for him? Do people think the mortage rate will go up or down over next 2 years as its a 2…
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Endowment claim and the Law Society
We have three endowments and have received compensation for two of them. The third one (Scottish Amicable now Prudential) was sold to us by a firm of solicitors who handled the purchase of our last property. The solicitors turned down our claim for compensation so we referred it to the Ombudsman. The Ombudsman has declined…
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Outgoings and mortgage
I posted earlier about my application for a mortgage with Gmac. I was just thinking I didn't mention my overdraft on the outgoings part as you don't have to pay a specific amount to an overdraft each month. Should I have mentioned this do you think, or do overdrafts not get counted when applying for mortgages normally?…
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Help please
I currently earn just under 20k, wife has left work to look after kids, and were currently in process of moving house. I currently have a mortgage with ING, they can port the mortgage but would need to do another affordability check, the trouble is they will only lend me 4 times my wage on my own, approx 78k and current…
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Offset question
Hi all First post so be gentle. 3 year fixed rate with Abbey comming to an end and looking to remortgage. Here is our situation: House value 265K Mortgage 132k on repayment 22 years remaining. We are sending our son to a private school in September. The fees we estimate to be appprox 200k over the term of his education.…
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Where should we look forour mortgage?
Hi My partner and I are hoping to move home and would need a mortgage of £100,000. Our deposit would be the entire proceeds of current property - £150,000+ - not mortgaged and nothing secured against this. However, I have been out of work due to injury for 3 years - I receive DLA and Incapacity Benefit, which are firm…
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Offset mortgage and an ISA
Hi, I tried the ISA forum and didn't get any answers, so thought I'd try the mortgage experts!! Anyway: I've just opened a Tax Beater ISA with Barclays. I've also got an offset mortgage with Barclays as well. My mortgage rate is 6.2% and the ISA rate is 6.5% Currently the ISA has £3k in it and is not offset against the…
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Nationwide Mortgage queries on insurance
Had a mortgage with Nationwide for 5 years now and decided to move house.... porting the mortgage across. We took out extra money to be able to purchase the new house. Thing is the mortgage application has been fully processed/credit checks and agreed, copies of payslips etc have been taken, i have paid nationwide for the…
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self cert
i was advised to register as self employed in order to get a self cert mortgage. i did this, got a mortgage and am 7months into my mortgage. i contacted hmrc to tell them i was no longer self employed in about october last year. i have just got a tax return to complete. i am panic stricken, i am employed, have never filled…
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Current lender wants to charge for renewing mortgage??
I'm coming to the end of my fixed rate mortgage with The Chelsea, and they have sent me a letter saying I can go on a further 5 year fixed rate (slightly higher rate), but will have to pay £370 admin fee to do so. I'm thinking I should query this charge since it's going to be with the same lendor, what do you think? And I…
