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What mortgage % needed for no HLC?
Hi, we have a mortgage offer from Harbour Homeloans (GEM) at 95% on a purchase price of £177,000. Fixed rate of 6.64% for 3 years (near prime plus). We have decided we want to put down a bigger deposit rather than keep money back to do up the house. At present there is a higher lending charge of £2,920.50 with an…
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First Time Buyer Advice Needed
Hi Quick explanation of my situation - looking to buy first property with girlfriend, we have a combined salary of 40K with good prospects of salary rising in the next consistently in the next few years. Been lookign at propertys for around 135-140k. Do we try to get a 100% deal, if so how long for. We have had a few…
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Mortgage Fee Question
Hi My fixed rate is up very soon and Natwest (who I have my Mortgage with) is offering a new fixed rate for 2yrs which is going to cost me an extra £50/mth plus an arrangement fee of £999! How can the bank I already have my mortgage with, charge so much to arrange a similar deal? Can I claim it back? What can I do? Help!
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Should I pay off my mortgage?
Hi, I need a little advice. I'm in the lucky situation where I'm about to sell a business and that would leave me with enough cash to completely pay of my mortgage in full. However, I'd like access to the cash to start a new business when I'm ready so I don't want to tie it up completedly. However in the meantime I'd…
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Mortgage charges?
Hi, Were looking at claiming our late payment charges back on our mortgage. My question is.... 1. Am I able to? 2. With the current OFT announcement will they put the case on hold? Our mortgage is with Birmingham Midshires which I think it part of Halifax bank. Thanks in advance. Lee
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Short term mortgage as bridging loan
If I am to secure a house which I wish to buy then I need to act quickly. I need to obtain £150k as a short term loan until my present house sells. I have no mortgage and have recently retired from self employing. My bank knows this and can only lend half the money based on my pensions. I am considering applying for a one…
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Buying in France - mortage etc...
I wonder if anyone can help. My boyfriend and I are planning to buy a place in the south of France some time soon. To explain the situation, I'm english and my boyfriend is french and we are renting at the moment in the south of france. We need to borrow about 80% of the total price for our next appartment and have no idea…
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Buying in France - mortage etc...
I wonder if anyone can help. My boyfriend and I are planning to buy a place in the south of France some time soon. To explain the situation, I'm english and my boyfriend is french and we are renting at the moment in the south of france. We need to borrow about 80% of the total price for our next appartment and have no idea…
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Urgent help/advice needed...
Ex b*stard had a charge on the property - the house is now in my name, but the charge still remains. It was part of the financial settlement. My new DH and I have a new mortgage - almost. Should have been completed Wednesday. Just been told mr ex has to give his consent to have the charge at a lower priority to the…
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Help Me- First Time Buyer & Debts
hello all Is it possible to have a mortgage for first time buyer with debts. My debts at the moment stand at £21000. At the moment i m paying £1000 towards my debts, so it will take another 21 months before i m all free, and i have no savings at all. My salary is £26000, and i want to be on the property ladder as soon as…
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Mix and match (aka hybrid) loans (and maybe Offset?)
Some lenders allow you to split your mortgage loan across two or more of their products. For example, half of it could be on a fixed rate for 5 years and half of it could be on a variable tracker rate. See also this Telegraph article, which mentions HBOS, BM Solutions, Nationwide, Woolwich and Abbey:…
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Pay Mortgage or take out ISA
Hi, I currently have 2 mortgages: One fixed at 4.79% which is going to change from November to 5.98%, I can make an overpayment of whatever amount I wish before my new deal starts in November My second is a variable at 6.24%. Which of the following would be the best option for my finanically. * Invest £3k in a 6.30% AER…
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Any better deals out there?
I've tried most brokers and advisors out there but just wanted the experts on here to see if they could do better, (many thanks in advance if you do). My main aim is to have as lower monthly payments as possible, over a 35 yr term and only be tied in to a max of 2/3 years. My current mortgage which is an interest only is…
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Mortgage Payment Interest Query
Hi, I have a quick question about interest on my mortgage payments. I'm currently getting 5.24% on a £92000 mortgage over a 15 year term, I pay £731.62 (repayment mortgage). However, all the spreadsheet calculators I've tried state the amount should be £739.08. What's more confusing, the online calculator for my bank…
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mortage
Hi can someone help.My 2 years fixed price of4.75 is now up.To be honest i have not got a clue what to do now.My payments have gone up 50 pounds.The new interest rate is 7.94 .I have heard about re mortages.but will i have to start again the 25 years.please help as i always make the wrong moves
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Urgent help needed......
Could anyone tell me the answer to the following...... I have sold my house for £190,000 and put a reservation on a new build for £196,000. The new build will not be ready until May/June 2008 but my buyer needs to move asap and in anycase I need to exchange in about 4 weeks. I am happy to rent from completion in relation…
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Mortgage on benefits
I am on incapacity benefit of £340 per month and wish to move home. I have sold my house and have enough equity to purchase another property but need a small mortgage of £20000. The property is worth £165000. Can anyone advise me of the best way to proceed. I have been dealing with Barclays for the past 6 months but they…
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Do I cash in L&G Endowment please?
I would be very grateful for any advice on whether or not to surrender our policy. Mortgage £155000 now repayment @ 5.25% until April 2011 Legal and general 25 year Basic sum assured £30167 Guaranteed sum assured £86191 Bonuses added £8140 Surrender value £24316 monthly premium £125.25 Maturity date 28 June 2019 Could not…
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Re-Mortgage advice for over 55's
My mother is 59years and my father 66years. Neither of them work and recieve various benefits. They bought their house approx 30years ago for £6000!! It is obviously now worth considerably more. They have £1000 left to clear their mortgage. However, they have debts which they would like to clear and enjoy their twighlight…
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Help with shared ownership mortgages
I really need some help please! I have been trawling through all sorts of mortgage company websites trying to find a mortgage lender that will be able to help me and my partner. This is the situation:- We have a combined income of £41500 and need a mortgage for £125000 for a shared ownership property in which we will own…
