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Recently qualifed cemap - any advice please
Hi After being made redundant in jan I have studied hard and managed to complete cemap with merits in 7 wks! I now face the problem of trying to get someone to take me on without experience.. what a nightmare. Ive been offered a position with a friend of a friend that is office based but commission only basis, he likes my…
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Self Cert Mort required.
Hi need help with a self cert never been down this route, deposit +40%, what sort of rate is available and what is the procedure. Does it help hinder to have joint applicants. Thanks in advance.
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Missed endownment payments - help needed
Hi, My father has missed some payments (possible 2 years worth) into his endownment policy with Sun Life. I don't understand endownments at all!! Does anyone know if he contacts them will he be able to restart his payment?? Any help really appreciated. Thanks
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Short-term mortgage
Hi, I am looking for the most efficient way of getting a short-term mortgage, i.e., one that I can pay off in full after only a few months. A sort of "bridging loan", if you like. The reason is purely one of cashflow. I am selling a property which I own outright, and buying another. For numerous reasons, I want these two…
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Mortgage confusion help?
Hi all looking to get my first ever mortgage soon. Anyway what I wanted to ask is how much does credit rating come into it? My partner has a fair credit rating but mine when I have searched it shows as poor. I have suffered a few late payments, one three times in a row :o but these were all awhile ago but not off my credit…
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change endowment
at the moment i have an under performing by 10kfriends provident endowment , it has to pay off 40k mortgage , can i transfer it to any other fp products that will give me a better return
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Any downsides to stepped fixed mortgages?
Hi, Coming to the end of my £136,500 2-year 4.99% interest-only fixed period with C&G at end of June so looking to remortgage soon and go onto repayment. Despite preferring to move away from C&G they're offering a 5 year stepped fixed rate, initially at 2.99% for 11 months, then 5.99% for the remainder. For our amount I…
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some help needed
hey there. i'm new on here and would appreciate any advice anyone can give me. my parents have fallen way behind with their mortgage repayments and the end of the mortgage is getting closer. they have no way of paying it off and are in danger of losing their house. they only owe eight grand but can't get a loan cos of…
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Mortgage Muddle?
My Partner and I are in a pickle, she is self employed and has the proper 3yrs of accounts and is fine, I however started as a sub-contracter in october and have got nil-accounts, earnings are roughly £18K, but could be more with some creative accountancy. GF said she has about 25K PA Had a friend who recently went for a…
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Higher Lending Charge (HLC) paid twice in one year
Halifax charge a higher lending charge for a mortgage over 95%, I had taken a mortgage out and paid this and then when we came to move within a year we had to pay it again because we could only afford a 3% deposit, so in one year i paid £1116 twice totaling £2232 for a higher lending charge. So i paid all this just to take…
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Can you extend term of mortgage just as easily as shortening it?
Lets assume someone takes out a 25 yr term mortgage. If this person then shortly after taking out the mortgage reduces the term to a 10yrs (as oppose to keeping it at 25 yrs and overpaying) can he/she then extend it from the 10 yr term to say back to 25 yrs in the event his/hers situation changes and he/she wishes to lower…
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Switch to One Account- good idea???
Hi, sorry if this has been listed before. I live alone and own the property on my own. I earn £17,500 a year. My mortgage repayments are a bit too high for me to pay alone- £412 per month!!!!! My mortgage is £64,500. I have a £4,800 loan. I dont have the best credit rating i'm afraid. I have seen on TV the adverts for the…
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Move mortgage?
Our 2 yr fixed deal is coming to an end May 31st with the Nationwide. We have a 164000 mortgage and have been paying interest only (term left 23 yrs). We are now considering going to repayment or half and half. However, we are considering moving in 2 yrs time so should we stay on interest only (and use extra to pay some…
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Halifax mortgage question....
My Halifax 2 year tie in mortgage (4.29% ) is coming to an ending in October. I pay £905 each month but limited to 10% over paying if choosing to do so. I haven't actually paid any over payments yet, but would like to know if I can pay 10% of the 2 year deal, ie - £2170 in a one off payment ? Cheers
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Halifax Building insurance-CON???
We have had our mortgage with Halifax for the last 19yrs. We have always understood our building insurance to have been included in the monthly payment. We have claimed on it a few times. However last month we booked a meeting to find out why our mortgage payments are so high (considering it is in its latter stage). We…
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If I can afford rent how come I can't afford mortgage?
Hi there! I'm a newbie so please be kind....I currently find myself in an incredibly frustrating position and wondered if anyone had any ideas? In about three months time I am intending to get myself on the property ladder. My problem is that although I am able to afford rent of £500 per month currently and a credit card…
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mortgage valuations?
how do these work? I have had an offer for a property in edinburgh accepted for 122 grand. How will I know what the mortgage company are going to value it at. The mortgage company is alliance and leicster btw
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Buying Out Fees
My partner has looked into changing his mortgage and has been told it will cost him £9k are they allowed to charge these ridiclous amounts??
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Fixed rate or Tracker in current (future?) economic environment
Hi, I'm looking for some opinions and advice about what sort of mortgage to go for when my fixed rate deal ends in July. Basically, mortgage will be 25K, and am looking at payments of about £250pm. Two options I'm considering (both with Nationwide): - either a 2 year fixed rate (currently about 5.8%) - or their Lifetime…
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Thinking of switching to interest only mortgage
Our fixed rate (2 years) is up this summer, so about to start looking to remortgage. At present i don't work (am a stay at home mum) and my DH is an IT consultant (has been on contracts with the same people for the last 18 months, so secure atm but obv not permanent employment) We're thinking about switching to an interest…
