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Help a first time buyer!
Ive been into many banks,building societies and looked here on the web for the best deal on a mortgage but all the names and numbers are kind of confusing! Basically im a first time buyer (with my girlfriend), borrowing £115,000 with £10,000 deposit over a term of 30 years for a property valued at £125,000 and id like to…
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Success claiming back mortgage exit fee from Abbey
Amount claimed: unknown, as I didn't have a copy of my original mortgage contract. Amount received: £130 (difference between what must have been on the original contract and what they levied on closure two years later) Process followed: Used version of Martin's template letter. Received a form to complete from Abbey. Sent…
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this website
sorry i know this is the wrong place for this, but is anyone else having real problems with this site recently - typically very slow and often not available at all ?
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Solicitor Fees :confused: .
Hi Guys Does anyone know of a comparison tool for Solictors fees when arraning a mortgage please? I have been quoted £930 on a RTB mortgage but would like to compare:confused: . Mark
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Confused and worried help!
Hi I am currently in the process of buying a property for £90000. I went through a broker to get my mortgage as I am self employed and don't have wonderful credit. We agreed on a Gmac mortgage fixed for 3 yrs. I have a £9000 deposit and the broker said all this would be fine. I am a first time buyer buying with my partner…
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Part Ownership "Final Staircasing"
I bought 75% of a property valued at £105,000.00 in Aug 05. Due to time dragging on we never got into the property until March 2006. Currently i therefore have a mortgage of £78,500.00. I am looking now at getting the final 25% of the mortgage. My flat has been valued at approx £140,000.00 so i will therefore have to pay…
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Are we tied to our mortgage lender forever?
We rearranged our mortgage on our old property for a better deal 3 and a half years ago with the discounted period being 4 years (with a redemption fee payable amounting to all of the discount to be paid back). 1 and a half years ago we moved house and took out a larger mortgage with the same Building Society (Barnsley…
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mortgage and secured loan charges and redemption fees
hi there i have recently started helping my fiancee with her finances and i was shocked to find out that for just over £50000 worth of borrowing she was paying £500 over 25 years this is made up of 35 k mortgage and 15k secured loan now my partner has not been the most fiancially responsible person since the loans started…
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new to mortgages can you answer a couple of ?`s Please
Hi at the moment me and my partner are living a flat which was given to be recently by my parents to get us on are feet with eventually getting a house hopefully in about 8 months time with a baby on the way I haven't been working for a while but am about to start a new job any week now. My flat is worth £120,000 and no…
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Repayment vehicle?
Hi all I'm sorry this may sound like a dumb question but what is classed as a repayment vehicle? My fiance and I have just applied for a remortgage on an interest only basis but the mortgage co have said they will only let us have it on that basis if we can prove we have a repayment vehicle in place at the start of the…
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Mortgage
Hi, Anyone know roughly what sort of amount the monthly repayments would be on a 185,000 mortgage on a 245,000 property, we have a 60K deposit. Willing to consider all the various mortgage deals but would only be interested in capital repayment not interest only and would like to be able to pay lump sums in as well. Thanks!
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Mortgage/Age related help required.
Hope someone can help. Need a mortgage company that will lend money to someone who will be over the age of 75 at the end of the mortgage term. I have a joint mortgage with my mum and want to remortgage over 20 years. Providing nothing else happens in the meantime, by the time the mortgage is up she will be over 80. She…
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Topped up Mortgage Amount - Should I have been charged?
Hi everyone, Can someone tell me whether or not Northern Rock have any right to charge me £299.00 three years ago because I increased by mortgage by £14,000? I have written to them, with the help of this website, and they have said that this charge is absolutely fair and I cannot quibble any longer. However, I feel a bit…
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Does the choice of mortgages help the market
Im told there are around 40,000 mortgage deals out there, but I wonder how this has improved the buying process fo the buyer. I ask because after reading hundreds of posts on this site I notice plenty of people struggling and in arrears and I also not that despite interest rates remaining low repossessions are rising. So…
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How to work out repayment/interest?
I apologise if this is already covered somewhere, but if it is perhaps someone could point me to it. I am looking into buying my first house and have been to see a couple of independant mortgage brokers, the outcome of which were: Deposit £15000 Borrow £110000 Term 40 years Fixed rate 3 yrs 5.5% ish Monthly £580 (i think…
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Confused about how to do things
Hi ive read alot of thi website but i cant find anything that particulary answers my question. Im a first time buyer and me and my partner have ahd mortgage quotes online and have been emailed a mortgage illustration. There is a flat we want and have put in an offer based on what we have been told we can lent and what we…
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Raising money for new build
Looking for advice on how to raise money to build new property. the situation is as follows: I part Own a house im living in with my children and soon to be ex husband. we are no longer together. We have a 61.000 morgage on a property worth 180.000 approx I have applied to build a new property in our garden and have been…
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More mortgage advice please!
Me again.. Just following on from my earlier thread,I'd like to know the best way to proceed. At the moment I am with the Coventry BS and my initial repayment mortgage is for £99k.Last year we took out additional borrowing with Coventry for £12k to build an extension and other general improvements.(I should mention that…
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Would you/have you taken a mortgage out over the phone?
We are looking to move house and after doing searches on moneyfacts.co.uk it seems that Kent Reliance BS are the cheapest, eg 5.15% fixed over 25 years. We could borrow £100,000 on an interest only basis for £429 a month. Trouble is we live near Coventry and so would have to arrange it over the phone. My husband likes to…
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Increasing mortgage - advice!
Hi Just wondering what others think to our situation....and whether we are getting it all wrong. Husband and I bought our first house 9 years ago. We have a mortgage of £66K, paying £485 per month. We have had our house valued and we have approx £109K equity in it and as it's a small 2 bed, we'd like to move up the ladder.…
