-
Mortgage achievable?
Following from an earlier thread from myself where my advisor advised I pursue a self cert mortgage, I have decided not to pursue through this company. I have a meeting tomorrow with an alternate company but I just wanted to know if I would be able to get a standard 95% mortgage with my below details. I have earned £17500…
-
Stamp duty none to pay?
Im buying my parents house, its worth £150000, but will sell to me for £120000. Am i right that stamp duty is only above £125000? Will we be treated as evading tax? We are not they are just selling to me as a favour and it means they wont have to use an estate agent and can stay in the house till they find somewhere they…
-
Do lenders tend to ake the 1st months mortgage payment in advance or arrears??? help!
Hi, We have just had our contracts through to sign and are trying to consider the best date to move. As it is the 9th today, we obviously cannot afford to say we will move in next week, if it means our 1st mortgage pyment will be for nearly 2 months (i.e. a payment in advance). However, could we ask that ourpayment date be…
-
Woolwich increasing fixed rates
We have just been advised that the Woolwich are increasing their 2 year fixed rates by 0.3% and their 5 year fixed rate by 0.1% on Thursday, so if anyone is contemplating using them then you need to book the current 5.59% rates by tomorrow.
-
1st time mortgage help!
Hi everyone, My girlfriend and I are about to get our first mortgage and are looking around for quotes at the moment. One of the best we have found is Britannia 5yr Fixed Rate at 5.64%. We mentioned this to an IFA we saw, and he said it’s best not to go with them because they are an “adverse” company and we may have credit…
-
HELP! Are these charges reclaimable?
My husband and I have recently started the process of re-mortgaging as we could not afford the monthly payments after our previous lender Abbey increased our monthly payments from £515 per month to £615 per month. We chose to go with Halifax who assured us that they covered all charges bar the odd £20ish charge. We have a…
-
FTB: Mortgage Questions
Hello, We have had our offer on a house accepted and we are ready to start moving forward with a mortgage. We had a mortgage in principle done through HSBC who we both bank with for the duration of the property hunt just to prove that we could proceed. The HSBC mortgage in principle was for £215k for a house of a value of…
-
How to remortgage but house value dropped?
If anyone can give me any advice I'd be really grateful. I bought a flat brand new off the developer nearly 3 years ago and I need to remortage. At the time I took a deal where the developer paid 5% of the price which was £156k and I paid just under £149k. The mortgage I got was for £130k (120k mortgage plus 10k unsecured…
-
100-125% FTB mortgage
Hello, can anyone point me in the right direction to find comparison of available FTB mortgages 100-125% ? I had a look around but apart from the fact that there is mention of only a dozen or so being available, I did not find any specifics. Many thanks ! Jon
-
Mortgage for near prime
Not sure anyone will be able to help here but I have just pulled the plug on a mortgage deal we were going through. We were going through a company called mortgage bug who were going with mortgages plc, we were classed as near prime and it was a remortgage. The last sticking point of two months of going back and forward…
-
Help with Mortgage, loan & credit cards
Hi All I am a newbie at posting on here, but I am after some big financial help at the moment I have an endowment mortage at the moment, I took out 16 years ago, for £38,000. I have 9 years left on this & am wondering whether to take out a new one for about £75,000 - £80,000 to combine my £19,000 loan with Tesco & also…
-
Mercantile Equity - Mortgage Brokers. Anyone used them?
I am at present being constantly barraged with calls from Mercantile Equity with regards to remortgaging. I sent them a simple email asking whether their brokers charge fees and whether or not they are whole of market. I received the following reply Doesn't really answer the broker fee question though?:confused: So my…
-
My fixed rate is coming to an end..
Hello all, Ive had a read of this site and various others that have been linked in this section of the forum, after taking it all in i figured i would ask for some advice and see what others think. I currently have a mortgage of 115,700 on a property worth 217,000 This is with HSBC and we pay around £650 a month over 28…
-
panorama
did anyone see panorama last night, it was disgusting how mortgages are given to people with bad credits etc. there was one couple who was renting a council house and decided to buy. they were told there mortgage would never go higher than what there rent was which was £400 but 3 months later it went up to £700 then up to…
-
Advice wanted regarding renewal of Mortgages
Hi I would be most grateful for some advice regarding mortgages. I currently have an fixed rate mortgage with YBS which is due to expire at the end of Dec 07. I've recently moved up the property ladder the additional borrowing was borrowed from YBS too as their rates at the time were very competitive. However from looking…
-
Wise move of not - 10yr Fixed Rate Mortgage?
Hi, I am buying my first house with my girlfriend. Ive been to see three different orgage advisers so far, and these advisers telll me that doing a 2 to 3 year fixed mortgage is recommeneded and is what most people are doing at the moment. After looking at some graphs and some data of the bank of england interest rate, i…
-
Looking for a Fixed Mortgage that allows >10% lump sum overpayments
Hi We're looking at moving house and would need a £250,000 mortgage (we feel comfortable going for a fixed rate repayment over 5 years) The key difference is that I am due to receive a lump sum of approx £50k next year and about the same the year after. 'Ordinary' fixed rates tend to limit to 10% overpayments which…
-
Time to get a 'normal' mortgage (with NR 110% at mo)
Hi, I took out a mortgage with Northern Rock as a first time buyer 2.5 years ago. I was renting at the time with no savings and debts of around £8-10k, but with a reasonable salary (~£27k) Anyway, I got a NR mortgage that was part loan and part mortgage that was about 110% of my property value of £80,000 (borrowed £88,000)…
-
Buy to Let v First Time Buyer Regulations
Evening All, First Post so here goes. What are the rules surrounding buy to let mortgages against first time buyer? Clearly if I am buying a property, my first one, that I intend not to live in but rent out then I would still need a buy to let. However is there a way of getting round not having to get a buy to let and get…
-
Northern Rock - portability
Hello All, Just a quick question. I took out a mortgage with NR in January, but for various reasons, we may be wanting to sell up and move (probably to buy another house). My question is how does portability come into play? The reasoon I ask is that when I got my Together 5 year fixed mortgage, because I took out a 5 year…
