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Mortgages - How much can I borrow?
We have quite a large deposit, 30K plus. I am on £27,252 though this is pro rata 21hours p/w part time 1 year fixed term contract - full time is 35 hours. We're looking to buy in London. Also, am in the process of applying for 2nd pt job (2 days a week) also paying around £27k - pro rata.
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Selling A Norwich Union Endowment Policy
Just called NU to find out a surrender value for my endowment policy. I was told that by the end of the year certain policies would be eligible for something called 'Re-attribution' Now I am not sure if I was directed to a call centre overseas but the lady did (or could) not explain it very well!!! I did re call them but…
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Looking to buy my 1st home. :)
Hey Guys and Gals, Here's my situation: Just been promoted at my job and am now on a wage of £17250, also another promotion in 6 months up to £19000. Have been looking around a few sites and I keep seeing '4x your salary', to me this is just silly as this won't even get me a low end house in my area. Just as it looked…
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Endowment Shortfall! What To Do Next?
Hi everyone I am new to this board. I have had my annual endowment policy statement this morning. I bought it in 1991 with my mortgage (it is with FRIENDS PROVIDENT) I have 12yrs left on it. The target amount is £40,300.00 This is what they say I might get back. Assuming their investments grow at: 4% £19,300.00 shortfall…
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5x wage mortgages!!
Does anyone know the best ones to use?? we really want to move house we have 90 grand at the moment but want to increase it to max of 140, with 20 grand deposit, im not sure if we will be able to get that much, ... my husband works by a basic of 16 grand with a high comission and i am wantin to return to work from having…
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Mortgage Offer
On an earlier thread, I read somewhere that some mortgage companies hold mortgage for up to 12 months. Now this would be quite handy for me as my mortgage is up in April 2008. Where can I find this information? Is it a case of ringing them all up and finding out as this information doesn't appear to be on websites? Also…
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Valuation of Property
We took out a two year fixed mortgage last year, and I have started to look at new remortgage rates. Some I like require you to take no more than 80% of the value of your house. Fair enough, I suppose, but how do I know if my house has risen by that much? Get a estate agent in? Or hope that the mortage company will give me…
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These figures confuse me, what about you?
Hi, I am looking for help in deciding what to do with our current mortgage, i rang the Chelsea B.S this morning to get the figures, but i don't know enough about the mortgage market to know what the best course of action is, if i post our current deal, can someone advise if it is worth changing NOW as we are tied in until…
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Renting with a Interest Only Mortgage
Hi, My girlfriends fixed rate deal is coming to an end in September. She has approx £104,000 mortgage and the property is worth £152,000. Basically, she wants to move in with me and rent out the property but will struggle to cover the rent if she switches to a fixed or variable deal. Would it be an option to switch to a…
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Just bought a house...
House bid has been accepted, the agent said I must sort out a 28 day exchange????? What does that mean? Jon.
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Switching Fee??
Hi - just a quick question. I'm thinking about switching my mortgage with my current mortgage provider (A&L). I'm currently on a discounted rate mortgage that has no tie ins. I'm wanting to switch to their no fee fixed rate mortgage for 2 years. When I've spoken to them they've mentioned a £250 switching fee! Has anybody…
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How early can I start to remortgage?
As rates seem to be on the rise, I was wondering how early I can remortgage. My current deal Abbey 4.39% expires in Jan 2008. I will need to borrow £160K my house is worth £420K. Income enough to support mortgage. I was thinking about a 5 year fix but can be flexible if there are any better rates around. All replies…
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Two mortgages on one property
Good Morning all. I wonder if anyone has had a scenario/advice on the following? I am in the process of selling my flat which I have a mortgage of 38k (fixed rate until 2011). I know that I will have to pay the ERF and I am aware that I can transfer this mortgage to another property as long as it is within 6 months and get…
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Banks in 50k rip off - in the papers today
Read how Auditors BankCheck tested 30 mortgages and found that in every case the customer was overcharged. How could I find out if I have been overcharged or not? Its written that one guy was overcharged by £56,520 by Nationwide who blamed it on human error...
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Mortgage fees
I know there has been discussion regarding claiming back of early repayment fees for mortgages, but does anyone think that may start to happen with mortgage application fees? We are currently looking for a new mortgage when we move house and one of the oprtions has a hefty £1900 fee:eek: Previously I have paid fees on each…
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High deposit mortgage
Hi - I'm lost in the logic(?) of mortgages and I wonder if there's anything out there that suits me? I'm looking to move to a bigger house and, with luck, I could achieve 150k equity after fees if I achieve the right price for the place I'm in. However, as I can't afford much more than the mortgage I'm already on, I can't…
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endowment claiming
Hi My endowment policy was sold to me by a broker who also arranged the mortgage. I believe they are stil in business. Please can anyone advise - should I be sending my claim to them, or to Standard Life who the policy is with? My annual statement from standard life mentions claiming and the date i should do it by, but the…
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Economics, it's impact on mortgages and learning
Hi all, Obviously economics has a big effect on pretty much everything in this day and age. I am trying to find out the key economic indicators and how they relate to mortgages and finance etc. Can anybody recommend a 'beginners guide' book to me?
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5.84 for 5 years ???
my mortgage is due to end and i've been offered a 5.84 fixed for 5 years with no fees from my existing BS is this a good deal? . my main worry is the intrest rates will come well down and i,m stuck i,ve been told that the rates are likly to go up and stay up for another two to three years could this happen ?.
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mortgages 4 u
anybody here familiar with a birmingham based company called mortages4u??? seemed to have cold called a family member
