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More than one person on the mortgate
I am 24, living with my parents. The chances of my having my own property are virtually non-existant, so we are looking at seeing whether we can move into a slightly bigger property for the time being. Our property is likely to sell for between £160K and £170K. To look at a reasonably sized next property we will have to…
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Help Surrending an Endowment Policy
Hi I have an endowment policy which has 8 years left to run. However I need to sell it but not sure how to go about it. :confused: There is no alternative to me selling it as I need to clear my debts and this is my option I have. Ae there any reputable companies out there that anyone can recommend and do they charge fees??…
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How can you pay of debt with Mortgage?
Hope you can help? I have been getting quotes for mortgages and all of the sites are saying how much debt do you have? and are you paying this of with the mortgage, I want to get a mortgage but i have no idea how i go about paying off my loan etc with this also, can anbody help out and explain for me??
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crystal ball anyone? 2, 5 or 10???
I am asking the impossible but (more to calm my mind I'm doing the right thing) does anyone have an opinion on fixing for 2, 5 or 10 years as First Direct who I think are fab are messing with my mind now with their 2 yr fix 4.75% £1498 fees 2 yr fix 5.25% £99 fee 5 yr fix 4.99% £598 fees 10 yr fix 5.15% £598 fees thing! 2…
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How much can I borrow?
I understand most mortgage providers generally allow you to borrow up to four times your annual salary (subject to credit status) - are there any lenders willing to increase this multiple if you put a fairly large deposit down - without going down the sub-prime route? For example purchase price £300,000, deposit £200,000 -…
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First time buyer. What mortgage ?
Hi everyone Me and my girlfriend are looking to buy our first property. We are looking around ourselfs before getting an advisor so we know how much we can secure ourselfs. Who would you advise trying as I know many lenders aren't set up for first time buyers to give a good deal or look for a large deposit. We currently…
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help for my boss
Can anyone help me and gain me brownie points with my boss. He is buying his first house and has little for a deposit. His current offer is with Standard Life, 6.99%, fixed for 2 years, £600 arrangement fee, borrowing £173,500 on 100% mortgage. paying £1047 per month. Which is the best site to go on for prices?
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Fixed V's Tracker
Hi, I need some advice. I am a first time buyer and am unsure whether to go for a 2yr fixed or a 2yr tracker mortgage. People keep saying that interest rates are going to come down so it would be sensible to go with a tracker but i'm a little scared incase interest rates rocket! Any advice gratefully received, thanks
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Paying Off Mortgage
Hi, I'm about to come to the end of a fixed rate deal on my mortgage (I'm starting year 7 of a 25 year term) and I'm fortunate enough (overpayments/lump sums) to be in a position where the amount I owe will be less than £12K. I was planning to take out a loan for 18 months and pay off the mortgage rather than continue with…
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Broker or No Broker??
Hi, i'd like some advise please :) My partner and I are first time buyers and have secured a shared ownership flat 60% for £74400 (total value 124,000) with a 5% deposit. As its shared ownership we are very limited to to lenders that will give us a mortgage, namely only HSBC, Nationwide and Halifax. We have had 3…
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Good buy to let rates
Hi We are coming to the end of our current deal with Birmingham Midshires in March and I wanted to know if anyone knows of really good rates for BTL. I fancy a chance on the trackers but Hubbie is more cautious and wants a fixed for 2-3 years. Very grateful in advance for any replies.
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Mortgage endowment policy question: - divorce, death payout problems
Hello, There seem to be a lot of knowledgeable posters in this forum so I thought it was worth a try posting to try and help my mother out. Here's the situation: She and my father took out a mortgage together in the early 80s. They divorced in the late 80s and the deeds of the house were transferred entirely to my mother.…
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Buy to let & residential mortgages
Hi everyone, just looking a little advice. I am going to remortage my house in April and later on in the year i will be renting out the house - on a short term lease. Now the question is would it be ok to have a residential mortgage and rent the house out or do you require a buy to let mortgage? Thanks Paul
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Endowment Mortgage. Pay it off ? or Not
I retire in December (08) of this year, I have 4 years left to pay on my endowment mortgage, that is on track for repayment according to The Pru. My Commutation (£79,000) with my Pension will allow me to pay off my remaining 4 years with the mortgage company..(£37.000). Do I do this, and keep up the Endowment payments, or…
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Advice Urgently Needed Re Defaulted Mortgage
Hi Am hoping for some advice, I had a mortgage with an ex partner which defauted in May 2005, There was a shortfall £14000 which they now want from me. My ex has dissapeared.. Im a single parent working minimum hours in a rented property..Please could you advise on what best to do and what at worst they could do to me!…
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Advice Wanted - First Direct 5.15% 10 Year Fix
hi, my mortgage deal is up next month, ive just seen a 10 year fixed rate offset deal with first direct. this looks a good deal, and i am prepared to be tied in for 10 years as i will not be moving from this house. i just wanted your opinions on the 10 year fixed offset mortgage as i know very little about them. any help…
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Remortgage Timing
My current rate comes to an end on 30th April 2008. When should I set the wheels in motion to remortgage so the change happens on or immediately after that date? Thanks zand
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Mortgage below £25,000
My mortgage deal came to an end 12 months ago. I contacted my broker who said no-one would take on my mortgage as it is so low. So I've being paying top whack. Is this true ? Is it worth me shopping around myself ? Its roughly £24,500 Thanks for any help Robson
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Fixed period ending Dec 2008
Hello everyone! First time thread starter here in this part of the forums... was wondering if you could give me a little advice. I took out a fixed rate repayment mortgage over 39 yrs in Dec 2006 of £87,000 fixed at 5.74% with Scottish Widows. My house is worth aprox £115,000k now and the fixed rate is ending December…
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Fed cuts rates by 0.75%
http://news.bbc.co.uk/1/hi/business/7202645.stm bit of a big move from them (Would the MPC ever consider such a big move either up or down? I think not for some reason)
