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Mortgage Offer?
Can a 'Mortgage Offer' be withdrawn days before Completion? :confused: Many Thanks
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First Time Buyer's question
Hi Guys I am going to buy a property for the first time. Naturally I'm very much confused from whom to take the mortgage. From various sources, I've gathered following information, please guide me if they are ok to follow. I shall be taking a 25-yr mortgage. I've good credit history. Willing to borrow ~£120k + £10k can put…
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Nationwide Members Mortgage
My current Nationwide fixed rate is ending at the end of June. Does anyone know if Nationwide are going to have some member exclusive mortgages again, as these looked pretty competitive a few weeks ago?
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Reverse Mortgage
There was an advert in the News of the World on Sunday. A company are offering reverse mortgages. They are saying that they will give you what your property is worth, rent it back to you or at a later date give you the option to buy it back. Anyone heard of it, and is it the old proverbial barge pole situation?
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CeMAP 2 & 3 Test Papers
Morning all, I have already passed CeMAP 1 and and looking to pass both 2 & 3 as soon as possible as I will be stopped paid bonus' from August this year unless I pass CeMAP 2 & 3. Any help would be great, I have already registered with IFS and have all the paper work required from them, but just looking for some extra help…
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Re-Mortgage/New House/Shortfall Advice Needed
Hi there, Got a dilemma and hoping you sensible lot can help me out. We have two houses for sale, one of them has sold (house 1) and almost through, the other (house 2) has just gone on the market last week, priced to sell fast, under-cutting all houses same on the estate. We expect to pull out about £60k out of house 1…
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fostering & mortgages?
Having been to halifax today just to inquire about what they could offer as a mortage, i was surprized to hear that they could infact offer me nothing? Even though we earn a regular income and have permenant placements and proof of all earnings we were still turnned away! I understand that alot of what we earn is seen as…
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Mortgage of £25k advice PLEASE
Were moving house and only need a mortgage of £25,000 over 20 years, I would be really grateful if you could give me advice on the best lender etc., any useful advice would be great. thanks.
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Mortgage / Remortgage / Equity Advice pls.
Hello all Own a mortgaged flat which was bought 3 years ago. We are planning to move into a larger 3-bed house as the family got bigger. Planning to utilise the equity of ~ £50k from the present property to serve as deposit for the future one. Current ‘flexible’ (redemption free) mortgage provider is Abbey with whom the 3…
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Any chance of use getting a mortgage?
This sort of question probably comes up twelve times a day so I apologise in advance! I've spent a good couple of weeks scouring the net for info and quotes and wondered what the chances of us realistically being able to secure a mortgage on a property worth around 250k. My income is about 27k at the moment but my…
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Equity/remortgage/capital - freeing up money
I have a flat purchased at 39,000 several years ago with an almost 100% mortgage Mortgage is now around 30,000 and flat was valued at 115,000 the other month Is there a way to release they equity (is that the word?) which is the money the value has gone up? I make that 115,000-30,000 = 85,000?????
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any better than this for what I want
I have just £34200 left on my mortgage and 14 years left to repay. I have had the luxury of being able to massively overpay my repayment mortgage over the last 2 years so instead of paying £350 ish a month, I have been paying £1100. The mortgage was flexible and I was able to overpay what I liked and have no penalty. I am…
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Ackward situation, age and earnings wise. Need a broker?
Hi, I would greatly appreciate any help. My partner's and my situation is as follows: Partner is a supply teacher with a contract until the end of Dec this year. Earnings are about 21k. Partner has had a constant supply income over the past three years, about 16k on average, with proof. She is currently 50 and has no…
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Pretty bubbles in the air?
I not sure if this is the most appropriate board for this post but here goes. It has been claimed that the current rise in asset prices, particularly property, is fuelled by a credit bubble which has flooded the world with amazingly (at the time) cheap and readily available money which appears, now, to becoming more…
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Nationwide - Interest Only is this possible?
We have a 10 year fixed rate repayment mortgage with nationwide. I mean its fixed for 10 years, but the term is 21. We are broke and struggling with repayments. This will only be for a few years while we struggle with cripling childcare costs and repaying debt. Is is possible to switch to interest only for a few years?
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What is a Nat West Foundations mortgage
Has anyone heard of a mortgage product sold by Nat West called Foundations? We've had one from 2001 and can't make any sense of it now. We asked for a simple repayment or capital & interest one - but it now looks like we were sold one that is neither. Tried to contact the bank as we're not sure that the mortgage will now…
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Fed up and need help
Hi all, Granted this is my first post, I have been on reading the site for a good year now...my scenario have a 12 year joint mortgage (father(58)/son(28)) worth £153,000 interest only works out £930 with the latest interest rate. The house is worth around £220,000-£230,000 so plenty of equity in the prop.... we both earn…
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Capital for home improvements!
I'm thinking of adding £5000 on to my mortgage which would be enough to totally transform my flat ready for selling and moving june/july '08 time. Is it a good idea to do this or should i get a loan maybe?. I would expect the property to gain value of at least £5000 maybe up to £10000 after the improvements. Any advice…
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Daily Interest
Hi, I am just about to start a nationwide mortgage. Completion should be on the 1st June. My first question is. Will Nationwide take the first payment on this date or will i just have to pay a double payment on the 1st July. Either way it doesn't really matter i suppose. Secondly. With daily interest. For example a mortage…
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Anyone downsized?
Hi everyone just wondering if anyone had downsized and regretted it? Don't know whether to downsize or release equity from house. I read thread about not being a good idea to release equity, why so bad? My house is worth about 320k and have mortgage for 70k. Also does anyone know of any good self cert mortgages that don't…
