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mortgage deal ends in august - im worried i wont be able to afford
ok so my 5 year deal with the alliance and liecester is due to end in august an d i pay around 350 a month fixed about 5% but fieghtend if i have to arrange a new deal i wont be able to afford it. i am very worried and am just about about able to save a good amount each month and frieghtend that i wont be able to do…
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Remortgaging now but extending house in 3-6 months
Right, here goes. Our fixed rate mortgage is due to end next month so we want to remortgage now to avoid a jump in rate from 4.8% to 7.8%. Straightforward so far. However we're planning to extend our house and will spend c.£30-40k in around 3 to 6 months time. The way I see it we have 2 options. 1) Remortgage now for an…
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FTB Advice Please - Would Mean a lot.
Hi everyone, I was just looking for some basic figures as to the amount of money my partner and I could borrow to buy a property. If you can help or give me any advice then that would be great. The figures are as follows Joint earnings (we are 28 & 29 years old) are £48,500 and we want to buy a 2 bedroomed house (or flat)…
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mortgage advice please
Hello, I was wondering if anybody out there can help? A bit of background might help. My oh & I went B/R in June 2004 & discharged in Dec 2004 & have been living in rented accom since & paying £550 pcm. (our house wasn't repossesed, we had sold it 5 yrs before as our job at the time provided accom). We are now both working…
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Paying off mortgage (endowment)
We have got an endowment mortgage which is due to mature in 2012. The sum covers the whole of the mortgage with a bit to spare. However, I am retiring in October this year and was thinking of paying my mortgage off. If I did, would the endowment still mature in 2012 as originally planned or would it mature as soon as I…
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Help! Re-mortgage advice needed by the financially clueless!
Hi there, I'm hoping to channel some MSE'er knowledge. My hubby and I currently have a small mortgage (50k) on a variable rate, which we're not tied to. We have big debts though (about £30k) and nothing really in the way of savings so we'd like to borrow more on our mortgage to clear our slate as it were. We haven't had…
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Advice/Guidance/Help for first time buyer
Hi, my name is Tony. I will be honest, I haven't found a property and at this stage am not even looking at agreement in principle or a quote. Would it be ok just to chat for some advice? I have quite a few questions. Me and my partner are looking to buy a property in Cardiff Wales. We would be looking/ready to buy probably…
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want to change mortgages
hi there i am coming to the end of my mortgage deal in november which means i can now look around for a better deal as the price i am paying is well over the top,anyway i have missed a few payments on my mortgage but have always brought them back up to date,what i would like to know is will other lenders let me remortgage…
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changing mortgage payment date
I have a mortgage with the Bank of Ireland, i requested that the payment date was moved by 4 days as in a 5 week month I end up paying twice out of the one wage. They want to charge me £63 in interest for doing so. Is this usual
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Buying a house for £300000,Mortgage help
Hi, My brother who is 52 is looking at a house for 300000,he owns a house which is morgage free, he will rent that out for £500 a month,his savings are £50000. He is also recieving £10000 rent from other property. He doest have bad credit history, no criminal record. Whats the best mortgage for him. Thanks in advance
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Buying a new house £300000
Hi, My brother who is 52 who islooking at a house for 300000,he owns a house which is morgage free, he will rent that out for £500 a month,his savings are £50000. He is also recieving £10000 rent from other property. He doest have bad credit history, no criminal record. Whats the best mortgage for him. Thanks in advance
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Should I get a new mortgage
My current mortgate deal ends in march. Martin's advice is to change to a new mortgage as soon as possible. My current rate is fixed 4.59%. To break my mortgage deal would probably cost around £2000. As far as I can tell this wouldn't be worth changing, but I don't know if i'm missing something. Can anyone give me any…
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HELP, offer on house accepted and mortgage lender about to pull plug
Hi, We have just had our offer on a house accepted, which was an offer subject to survey. We have just had our mortgage advisor on phone (well voicemail) telling us that our agreement in principle with Accord Mortgages will only remain valid until tomorrow at 5pm as they are pulling out of the 100% mortgage market. They…
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Should I remortgage our home, that is the question?
Hi,folks, Just wondering if you could help me decide on this. At the moment my hubby and I have an £85 000 mortgage from Bank of Scotland having a tracker rate (dont really know what that means) and paying a part of capital and interest rate. We have a 16.5 yrs to go. We are paying £687 per month at the moment. We are…
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Should I remortgage our home, that is the question?
Hi,folks, Just wondering if you could help me decide on this. At the moment my hubby and I have an £85 000 mortgage from Bank of Scotland having a tracker rate (dont really know what that means) and paying a part of capital and interest rate. We have a 16.5 yrs to go. We are paying £687 per month at the moment. We are…
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Buying out my ex
My partner and i broke up about 6 months ago. He has moved out of the property, and has agreed to be bought out of his share of the property for £3,000. The mortgage company are not willing to remortgage at the moment, as he let payments slip a few months ago(wihtout telling me). They will not release his name from the…
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High Loan to Value still alive and kicking....
Abbey is launching a high loan to value mortgage. They entered the 100% mortgage market not so long ago and are now going into the 125% LTV market along with Northern Rock, Alliance and Leicester, BM Solutions and Coventry Building Society, however unlike these lenders there is no unsecured element. The whole 125% would be…
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redo mortgage
i am looking to get a new mortgage is it better to get a mortgage which could pay off my loans+credit cards for a fixed period or get a mortgage for a fixed time and slowly pay off the loans, credit cards also need to check my credit history as think it may be affected
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can the self employed with a deposit still get
good mortgage deals - even with the whole northern rock issue....thanks in advance.
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Life insurance - essential?!
Hi, Me and boyf have just bought a house - do we have to get life insurance? Our IFI has advised us to, but it's £50 pcm and at the moment money is really tight - and I'd like to think we're not going to die anytime soon, so the optimist in me thinks it's a waste of money at the moment? We're 23 and 26 and in good…
