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mortgage advice
hi all i have heard that there is a mortgage available where you go in with your dad or other family members. Well we was thinking ,i currently earn around 20 000 a year i would need around 90 000 mortgage at least but i have bad credit so mortgage companies wont risk taking me on as its nearly 5 time my wage with bad…
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advice first time buyer
hey wonderig if anyone can help i earn around £10,000 and then i get alot of overtime which bring its up to about £15,000 , i also run a small business selling online and i plan to rent out on of my rooms i have found a few flats price will be no more than £66,000 i have a £5,000 depoist to put down i have looked on the…
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Help: Fixed rates with lump sums
We're looking for a fixed rate mortgage but will need to make a lump sum payment on the sale of a house we are about to market and a further lump sum reduction after about months. Is there any fixed rates with this flexibility?
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Self Cert?
Hello all I'm hoping someone can help me out, I have my own business and have had it for just over a year. I have no accounts yet, my wife works for the NHS and earns 25K. The house we like is £270K, I can provide 50K deposit through the sale of another property. The payments work out to be around £1500 per month. Would…
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How do you calculate a monthly mortgage repayment?
Hi, I'm trying to produce an excel spreadsheet to see what monthly repayments I would have to make over different mortgages amounts against diff rates. Could someone please let me know what the formula would be cos I've know got a headache from trying to figure it out! Also if you could explain how the repayments works I…
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£12000 - £13000 income Mortgage possible?
Hi I am 21 and on a starting salary of £12500. Currently live with parents, I have no debts/cc's etc, good credit history. Is it possible for me to get a Mortgage or do I have no chance what so ever until i start earning more? Cheapest houses in my area are £90000 - £100000 Could put down a 3000 - 4000 deposit down.
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Can Anyone Help? I need some advice!
Hi I applied on line for a fixed rate mortgage with the Cheshire last night - 5.75 for 3 years with £900 arrangement fee. I submitted my application and now awaiting a decision. However, I have just found a slightly cheaper deal with Yorkshire Bank - 5.69 for 3 years 4 months with £800 arrangement fee. Not sure what to do.…
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Re-financing two years after bankruptcy?
I was wondering if anybody has a hard time getting a more favorable mortgage after they've been at a higher rate as a discharged bankrupt? I was under the impression that a recently-discharged bankrupt would pay a higher rate. After a couple of years, however, his credit was seen as repaired and he was able to shop around…
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g-mac
hi, has anybody heard of a mortgage company called G-MAC, are they any good, i was interested in this company as they offer self-cert mortgage, any oppinions would be much appreciated, many thanks
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Mortgage Advisor exams/training
This ones for a friend..... What do you have to do to "qualify" to be a mortgage advisor? Can it be done in a distance learning/self study way? Or,is it kind of training on the job type thing? ??? Thanks
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Mortgage lender threatening repossession
A friend of mine's having some problems with his mortgage lender (I don't know if I can name the company for reasons that I'll explain in a moment). He left a job to do a training course (which he's passed) which lasted for 6 months. He's now started working for the company who he had to sit the training course for. He's…
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lump sum payment - calculator to show effect on my mortgage term/payments ??
apologies if this is the wrong place to ask this. I am looking for a calculator which will tell me how paying a lump sum will affect my motrgage eg f I pay in £10000 (ha fat chance) what changes would it make to the monthly payments if the term stayed the same, or what changes would it make to the term if I keep my monthly…
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Can i get a mortgage even though i've had debts?
i am soon to have cleared approx £8k of debts which have been paid through debt collection agencies. i am unsure if i will be able to get a mortgage even when i have cleared them all. Can anybody tell me if it will also make a difference if they were paid in full or paid as a settlement. If any one has managed to get a…
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Trying to sell but not enough equity
I hope you can help me with a query about selling my home. To date I have the following: Mortgage with HSBC of £52777 remaining First secured loan with Endeavour - £37600 outstanding Second secured loan with Welcome Finance for £14000 My property has been valued at around £90 - £92,000 I want if possible to sell my house…
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combined mortgage/loan
Hi, i have been searching the internet for a mortgage. I require £105,000 for a house i have seen, but i need to pay off £18,000. I have looked on several sites but had no luck, although my credit rating is excellent. I need to get back on the property ladder after splitting with my wife 5 years ago and owning a house for…
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Mortgage Security Fee
I took out a mortgage with Halifax in 2001 and was charged a Mortgage Security fee of £1117, I was told at the time it was a type of insurance and could not proceed with the application unless this was paid. The amount was added to the mortgage, I no longer have a mortgage with the Halifax, but am now wondering if this fee…
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MORTGAGE divorce dramas
hey all a bit of advice is needed, my girlfriend is divorced from her ex. She isn't sure if its a clean break or not he originally said it was, but they agreed at the split as he wasn't paying any mortgage payments he would reiceve only 20% of the equity in the house when she either sold or re mortgaged. We are looking to…
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1st Time buyer needing extra cash!
Hi I am a first time buyer, £32k a year, oh earns £6k a year. We owe £15k. I'm looking for a mortgage of max £110,000 although probably only need £105,000. We have £8k from a long service advance of pay from work. Are there any companies that would loan us the extra as a secured/unsecured loan as well? Cheers
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Pay-off fully mortgage or not?
I have an offset mortgage (with Egg) and have now built up savings more or less equal to the amount I owe so I could pay off the mortgage now if I choose to. In future I am likely to take out another mortgage if I move to a bigger property and so am wondering if I may be better off just keeping this mortgage (with a small…
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help! approval in principal
help i am a first time buyer of a new build so no chain i have applied for a mortgage fro nationwide which has been approved in principal and i have paid my valuation fees and the valuation has been accepted does this mean i have my mortgage or is there anything else that can stop this from going through. Also how long…
