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How much can I borrow????
Hi Please could someone advise how much I can borrow on a mortgage? My part time income= £14k OH full time income = £27k Total debt (car loans, credit card) = £12k We have seen a house for £187k and have a deposit of around £63k so we are looking for a mortgage of around £124k. Do you think we would get a mortgage for this…
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Poor Advice! Where do I go from here?
I received a letter to say that an additional sum of money added to my mortgage would be electronically transferred into my account. 7 days after the letter my account was still not credited. I called the bank providing the loan who said there was a problem but they had spoken to my bank and the money would be credited…
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endowment compensation - effect of change in MIRAS
Hi -posted this in the Act now on mis-sold endowments thread but not respones. I have had an offer of compensation from Standard life for my endowment - which looks fair - but I know that from early 1997 until MIRAS ended-which I don't when that was - I was renting the house out and was not[FONT="] eligible [/FONT]for…
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quiki
so the interest for a repayment mortgage of 60k on a 5% interest rate would be £250 a month:rolleyes: (25 yr term) 60000*5 divided by 100 = 3k 3k divided by 12 = 250 so how do you work out the capital repayment each month:o 60k divided by 25yrs?? :o
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Horray!..I passed - I'm so pleased for me!
:T Hi All Just want to let all you know that I have passed Cemap 2 yesterday! Hopefully I want to sit the third paper in the nest 2 weeks. I'll be so relieved when this is all done, so I can really stary applying for jobs. Does anyone have any helpfull pointers as to where on the net is the best place to apply for jobs, I…
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Downsizing - Would you do that or not and why?
Some people downsize, which means they sell their currently large or more expensive property, to buy a smaller or less expensive one, so that they are mortgage free when retiring. Would you do that? Why would or would'nt you downsize?
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Mortgage - payed off
Must I get a solicitor involved to get my Title Deeds from the Bank? If so what should I expect to pay for this service?:undecided
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Complicated mortgage - coudl this work?
Hi there. I would welcome any pointers or advice. My elderly mother is increasingly in need of care in the future. We would like her to move in with us in a bigger house. Essentially we are planning to sell both our existing houses and buy a single large property. The ideal budget for the house would then be £900k,…
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Mortgage rate alert.
Does anyone know when the Bank of England change the rates of interest , and how soon after they change does this affect lenders offers and deals. Also, do and can mortgage lenders change their current rates without any changes in the Bank of England interest rates.
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bit worried about my meeting with FA
Hi, have recently decided on purchasing a property with my partner. we put an offer on one the other day and got accepted by the seller then saw a morgage advisor. i alreaddy knew what i could sort of get so was happy to make the offer. we had a chat about our situation, im 23 years old my girlfriend 22, i earn 45000 my…
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Mortgage Offer not same as KFI (long)
Right, please bear with me, i'm so angry that its taken me an hour to calm down in order to post this, so I hope it makes sense Background I had a mortgage for £90k on a flat with a mortgage (with woolwich) fixed at 4.45% for 1 year, expiring on 31/08/2007 I recently completed on the purchase of a new house (10/08/2007),…
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fixed rate 2, 3 or 5
Sorry to be a pain again. but trying to get my head round all the options. What are peoples views on how long to take a fixed rate for, I have always went for 5 years, but now im looking into the morgages am getting at moment the rates may drop so is better to go for 2/3 year one. What are peoples opinions on this. many…
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Mortgage advice
Our mortgage at the moment is around 39k. My wife is due to recieve an inheritance of around 30k. After long discussions about what to do with it it sems we may decide to put it towards paying the mortgage off. We have 12 yrs left to pay, are currently on our lenders SVR and are out of any tie in that we had. Do we pay off…
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Mortgage for self-employed?
Hello, My husband and I are looking into buying a 40% share in a house through a shared ownership scheme. The 40% share is £72,000. My husband is employed and earns £13,000 a year. I am self-employed and earn approx £11,000 a year. We can get a 10% deposit together (£7200). I have NO idea where to start, are there any…
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offset morgage help
Hi All Been looking at the offset morgage pages. Our initial plan was to get 12 y morgage for a 39000 morgage , paying about 380 per month. But wondering if anyone can help or direct me to a calculator that can do it for me. If i can borrow (interest free) the 39000 form my sister and put it into a offset morgage . how…
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Winterthur Endowment mis-selling complaint – 2nd bite of the cherry?
I have four Winterthur endowment policies which are “under performing”. These were taken out between 1984 and 1988 with Colonial Mutual. In 2004, I wrote to Winterthur to complain that I was mis-sold the policies, citing that:* No mention of risk was made, i.e. that the endowments would not meet the target values * I was…
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Vendor Gifted Deposits and Tax
Hi, I wonder if anyone can help me!? I thought I was near to completion on my first house purchase of £170,000 with a 3% vendor gifted deposit meaning we've been able to get a mortgage in place for the remaining £164,900. We we're due to exchange contracts very soon and at the last minute the vendor has changed his mind…
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Remortgage - Or is it
Very simple question (new to forum). I have a repayment mortgage with Nationwide on just the varible rate. How easy it to to take up another product from them. In other words, if I wanted to change to a fixed rate available to current lenders, is it a whole new mortgage application or is it an easier process. Thanks for…
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l&g morgage
hi Wondering if someone with more experience than me( no exp. at all) on morgages can help. Was on 5 year fixed rate with dunfermline @ 4.99 % no extended tie ins. Morgage will be about the 39000.00 mark then and 20years to go I want fixed rate and am looking to bring it down to 12 years morgage looking at fixed rate…
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Why?
Why am I having to pay nearly 600 pound, to keep my mortgage with the same bank, just because my 2 year agreement was up? Its a rip off. :mad: :mad:
