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How much can I borrow? Best lender?
Here's my situation...I earn 20,000 and my fiancee works part time and earns roughly 7,000. My bank (Nat West) have told me that without a deposit, I can borrow 85k at roughly 500 pound per month, this is on a capital and interest mortgage fixed for two years.As 500 per month is all that I am willing to pay, over 32 years,…
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additional borrowing fees
additional borrowing fee on a previous morgage i was charged £275. i feel this is excessive. i want to do the same again but avoid/reduce the fee. Has anyone got any tips/advice? rebecca
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paying mortgage of quicker
I am relatively debt free and have savings, however I read in a financial magazine that instead of using savings to reduce mortgage you could use your overdraft facility, only if it is free and you are able to pay off overdraft at any time. Has anyone ever tried this or do you think this would be foolish. I was considering…
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'Sealing Fee'???
Hi there I've been hunted from the bank thread board to here as my question relates to exit fees. I came across my old martgage redemption paperwork and saw that Natwedt have charges us £225 as a 'Sealing Fee'. Can anyone tell me if this is an exit fee and if i can reclaim part/all of this? I'm new to all this Many thanks
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Good time to become a mortgage broker?
Hello, I am contemplating a change of career. I am 26 and have seriously been thinking about training to become a mortgage broker, with the eventual hope of setting up on my own once i have gained some experience. Is the current market currently good to be working in? Obviously there seems to be a slight slow-down in the…
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Endownment, what to do now, please help!
Hi I have an Equity & Law endownment which is due to mature in 2016 after 25years. It is guaranteed to pay out £18479, the target was £40k plus bonuses. :mad: I have looked into claiming as I was sold it when I was in the RAF by a broker who used to sit in the airmens mess. However the company no longer exist and the…
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3 or 5 year fixed - advice appreciated please!
Hi there! I wonder of anyone could offer me any advice - I know that it is a bit like taking a stab in the dark where mortgage rates are concerned but it might just help me think through things! Silly me went and got a Two year fixed which runs out this September. In order to try to beat the predicted July 5th interest…
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Adding on to mortgage to make improvements?
Got my mortgage in 2003 - borrowed £76k against a property bought for £85k. Up-to-date with all payments etc. We have decided that a move is out of the question as property prices are so expensive. We wnt to make improvements to our houe. Have started with windows which we have available cash to pay for still leaving us…
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Releasing cash from property
Hello everyone, I'm looking for help/advice and I'm sure someone out there can help me. I have a house, which I live in, and a flat which I rent out. I have no mortgage on either property and I'm looking to raise £50.000. The value of the house is about £190,000 and the flat is about £150,000. I am 70 years old and…
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help time running out!!!
we are in the middle of having our home reppossed 17th july.. but we have managed to sell our house just waiting for completion date. what i need advice on is do i pay all the mortgage off which the sale just about covers or can i leave abit running (for want of better words) becouse we are being charged thousands for…
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Remortgage / Mortgage - LTV %
Am currently looking to move, however meanwhile to take advantage of fixed rates before the rise, will be looking at this option. Question is that I am currently not working, worked for 19 years upto last summer, then redundant, but have decided to take some time out and savings have been covering all outgoings plus I…
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Mortgage problem
I seem to be in a catch 22 situation. My husband died intestate 21 months ago. Our house was in his name. I have "an interest" in it but the bulk of his estate goes to his children. They have already had most of the pension that he assigned to me (why?). They have by law to provide me with a roof over my head and have…
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First Time Buyer. Help!!!
Hi everyone I am from Norway and finding the UK System quite difficult to understand. However I do understand the basic. My Problem is that i am affraid to burn off a big part of my savings (£8000) on survey, solicitors etc and then end up 4 weeks down the road that they dont want to sell or have sold to other person. I am…
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What is the maximum mortgage I would be able to have?
I start a new job in September on a salary of 20133. What is the maximum mortgage I would be able to have? I have a deposit of £25000 and have seen a house for £165000 but fairly sure I wouldn't be able to get a mortgage anywhere near enough to buy it. I don't have any debts.
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Fixed or Tracker
Would you go for a fixed rate at the moment or a discounted rate Such as a halifax 5.44 1k fees or Woolwich 5.68 (0.18 ) no fees term? Any preferences
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Affordability
How can I find out what our affordibility is so we know what kind of house price range to look for? Thanks
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Fixed Rate or Offset
Been in touch with London and Country as my deal is up soon, c&g 4,39%. Looking for £153k against £290k house, 8yr term approx £2k per month Partener and I both high rate tax payers, and should get about 30k a year in bonuses on top of normal earnings. OPtions given are Halifax 5.44% 2 yr fixed, £1045 fees Woolwich 0.18 %…
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Staff Interest Rates and Benefit Tax??
Hi I'm hoping someone can explain this to me quite simply please as I'm not always the most clued up on interest rates etc... I work for a bank and an eligable for preferential rates on a fixed rate mortgage. Although the rate for 2 years is very good, I'm not sure how to work out the effect of the 'Benefit in Kind' (is…
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Bad credit 100% mortgage
Does anyone know if you can get a 100% mortgage with a bad credit history. I have an old satisfied CCJ and a few old defaults, everythiing has been perfect for the past 2 years, any help would be appreciated..
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Mortgage Calculators
Anyone got links to really good free to use mortgage calculators? I've been using these which are pretty good, but I could do with some more! http://www.mymortgageportal.co.uk/calculators/mortgage-calculators.aspx
