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Mortgages & endowments

Archives for June 2007

First Time Buyer Advice
First time mortgage questions
Fixed or Tracker - may emigrate in next few years!
Our current mortgage deal ends at the end of July so we need to re-mortgage but are not sure what type of mortgage to go for. We plan to have a second child in the next 12 months and there's a possibility that we may then return to Ireland where we originally come from. If we did we're not sure if we'd sell or rent our…
Need Some Advice Mortgage For My Parents !
Hi My Mum and Dad are going for a new house with a mortgage of £160,000. There gonna put £16,000 down as the deposit so that leaves £144,000. They have two idea's :- 1. Repayment : £916 a month over 25 years 2. Interest Only : £703 a month and over pay by £300 a month First option seems pretty good because you can you…
Using my deposit wisely ...?
Hi all, Would really appreciate advice! I have recently discovered that my Grandpa; a real property wiz has provided a deposit for all of his 20 grandchildren to buy a house and added to that my parents contribution to avoid the tax man (on inheritance) I now have in the region of 150,000 deposit for a house. I would like…
Checking how mortgage I can get
I wish to get a mortgage on my own, but I don't know how much I can borrow. What is the best way? I have been told to go to arrange an appointment with my bank/building society and discuss options etc. I only want a rough idea so I know what price range to look for when getting a flat/house. I'm a first timer as you can…
Want to repair credit score for new mortgage
Me and my partner recently bought our second home, our mortgage is 155000, we purchased the house for 160000 and I believe it to be worth around 195000 now. Our mortgage is interest only (2 years) and has another 14 months to run. I went self employed about a month ago and we now have a baby so my partner only works part…
Mortgage on current home to buy our next - BTL?
We currently own one house, which we live in (no mortgage). We are looking to move and planning to let the existing house in order to help fund purchase of the next. Is it a buy to let mortgage we are looking for? Obviously we are not actually BUYING to let since we already own the property to be let.
Mortgage offer seems low?
Hi everyone, We are currently trying to re-mortgage as our mortgage payments are £870 per month plus a secured loan of £252. We are currently paying about 8.9% on mortgage and 13% on loan. We also have debts totalling around 17,000 pounds. We contacted Money supermarket and were contacted by CWS. An advisor has been to see…
Mortgage offer seems low?
Hi everyone, We are currently trying to re-mortgage as our mortgage payments are £870 per month plus a secured loan of £252. We are currently paying about 8.9% on mortgage and 13% on loan. We also have debts totalling around 17,000 pounds. We contacted Money supermarket and were contacted by CWS. An advisor has been to see…
Upfront interest on C&G mortgages?
I've just mortgaged with C&G and was surprised to be hit 11 days after completion with an interest bill for 42 days interest i.e. it seems that they charge a months interest up front and not after youve had use of the money. Is this a normal practice amongst lenders?
Mortgage Company Letting Fees
Scottish Widows have suddenly introduced a £450 annual letting charge. Can this be legal, as its such a significant change to my t&c's? Its double annoying as I only need to let my house out for another 6 weeks till I move back in, so its £450 for 6 weeks!. My tenants weren't even there for a year, but since there never…
Valuations
The original mortgage on my house was with a 5% deposit. Looking at prices on my street it must be worth at least another 10% so I actually own more like 10+%. I've had the house/mortgage for a year and am now looking into my options as I will be moving abroad and want to let the property. My question is if I remortgage…
New Mortgage or Re-mortgage?
I would be grateful for anyone's advice with this query (and apologies if this is a basic one but I'm stuck!). My partner and I bought a house in the Midlands around 2 years ago. It's complicated but my partner lives there and I live in London with my parents (due to jobs etc). My partner is planning on moving to London so…
Life after repossession?
My home was repossessed (voluntarily) over 7 years ago. This repossession is now off my credit files and I have had no other credit problems since then. i would like to now buy a property so can anyone tell me, would I now be classed as a first time buyer? WIll I be asked for details further back than 7 years and if so,…
Crackdown on IFA commission bias
IFAs are furious at new proposals from the regulator. http://www.thisismoney.co.uk/news/article.html?in_article_id=421778&in_page_id=2&ct=5
Crackdown on IFA commission bias
deleted, double post
Borrowing more than property value
Hi- I am in a bit of a quandry. My wife and I had an offer of £320k accepted on a house. We have a 100% mortgage in place. We had some capital saved, but after we pay for stamp duty etc we wont have much left after that.Our full building survey came back with some bad news, particularly regarding the roof and exterior,…
re-mortgage advice needed!
Hi everyone I currently have a 2 year fixed rate mortgage on my flat which has come to an end. I now need to decide what to do... It is currently in my name but I would like my boyfriend's name to be added. He has about £15k of debt but I have none. We are also planning on moving to a house next year but would like to have…
Northern Rock - please advise
Hello all I currently have a mortgage with Northern Rock. My partner and I are looking to sell our flat and upsize to a house. In order to do this we will need to borrow about an extra £50k. When we first got our mortgage we were given a low credit score. Having kept a track of this I now believe we would fall into the…

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Mortgages & endowments

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