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Mortgage Calculater
Hi all, New on here and to Mortgages so Probably some Stupid Questions here Me and my Girlfriend are looking at Buying our 1st House. I have read all the Articles I can and she is going to see a Mortgage Adviser today to find out all the details. Still confuses me though :) But I was just wondering on the How much you can…
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Serious mortgage arrears
Hi there, we have mortgage arrears totalling approx 4 months. We are with GMAC (!) as we have bad credit from previous debts. GMAC have actually been very patient with us and are accepting payments as and when we can make them. Does anybody know if they can repossess our house or threaten us with this if we are still…
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mortgage advice with bad credit please!
Hello I am after some advice if someone would be kind enough. We currently have a mortgage on a 2 bed house and we need to buy something bigger due to my family growing. The problem is our credit score is really not very good at all. We should have quite a bit of equity in the property. (approx 100k) but we have £20k loan…
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how to release money from equity ?
i have two houses one i live in ,and which has no equity,and one which has approx £50k in equity.i have a bad credit rating and cant borrow any against the one i live in,how can i obtain any of 50k from other house,many thanks
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Mortgage Advice please
I wondered whether I could ask some advice? We are looking to sell our property and move back closer to family...we have a 5 year fixed rate mortgage which is due to end in December 08 - the loan is portable, so one option would be to move it rather than pay a penalty fee, which will be around £2.5k. Presumably, the lender…
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Remortgage with no fee
I have a fixed repayment mortgage with Nationwide which is up at the end of April. From February I have the option to refix with Nationwide and intend to take the 5 year fixed 5.63% with no fee. However, if, on 1st Feb, I do the above, and the fixed rate falls, is there anything to stop me then taking out the new improved…
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More mortgage advice needed =)))
My boyfriend wants to buy a house, we live in Liverpool, he's on average wages and wants to buy a house for around £150,000, after reading all of this though, Im guessing now is not the time to buy, but Im wondering, is there really going to be a considerable drop for the kind of property we want, ie, 3 bed terraced…
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Wedding, Deposits and First Time Buying.
I hope this isn't a totally ridiculous question but... We are getting married in August 2009. I would also like to buy a house in that year. I think by then a conservative estimate of our savings would be, in total, £15k. I would like to use this as a deposit for a house and to pay for our wedding. But weddings are…
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How do I get my broker to get a move on?
It has so far taken us over 3 weeks to arrange a mortgage, initally due to being declined by Abbey due to a few late credit card payments in Oct last year (no defaults/arrears/ccjs ever) so have gone through a broker and Accord have approved in principle, this was xmas eve my broker wasn't back at work til today, but since…
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ftb mortgage nationwide advice
i think i have done my homework but i am interested in what experts think of going for this mortgage deal. with nation wide, we are buying house for 208kwanting a mortgage of roughly 180k so have 28k deposit. we are currently looking at interest only fixed rate of 6.53 for 5 years with a product fee of £499. looking at…
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UK mortgage for expat living overseas on overseas property
Advice please My friend (a UK passport holder) now lives in Sth Africa and has bought property there. Interest rates are high (14%). Is there any way (and is it financially beneficial) to obtain a UK re-mortgage on the SA property given she lives overseas? My research seems to mention only UK based property or oversea…
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Selling Endowments - Any Tax Implications?
Both my wife and myself are basic rate tax payers with a number of endowments against our home. Two years ago, when we became aware of the endowment shortfalls we moved to a part-repayment/part-endowment mortgage. We currently have £90k outstanding against a £200k property. We have other debts which total around £40k and…
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Credit Rating question
Hi all. Just to ask, how much does your credit rating affect ability to get/rates offered for a mortgage? I'm 25, and currently a full time post-grad student. My landlord has just decided to put our flat (the girlfriend and I tenanting) up for sale as (I assume) he's overexposed with the recent rate-increases. The flat's…
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Mortgage Renewal Tracker Nationwide
Hi Thanks for looking at my Thread. We currently have a house valued at £170,000 and mortgage of 19 years left with a value of £55,806 our current mortgage is with nationwide. Our 2 year tracker is up for renewal and I have received some figures for renewal and was unsure what to do so am after some advice from you kind…
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"28 Day" order - wrong address
Hi, Not sure if this is the right forum but I'm looking for a bit of advice. I got into some difficuly last year with my mortage as I was self-employed and work took a down turn - as a result I got 4 payments in arrears. Quite righly the lender was less than happy and for a while I though a repo was the only option -…
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Mortgage advice please
We took out a 3 year fix which will end in a few months time. Last year we moved, ported that mortgage, and took out an additional 2 year fix for the extra (originally with Portman, now Nationwide of course). Am I right in thinking that I realistically have to stay with them until the 2 year fix also ends ? If so, should I…
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Buy to let on your current home
I am soon (this year!!) to buy a new property and put my current flat out to rent raising capital through a BTL. I spoke with my mortgage provider this morning (Standard Life) who informed me that their preferential rates for current flexible mortgage holders would not apply to me should I wish to take out the BTL mortgage…
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Mortgage Advice
Hi everyone, i am looking for some good advice. What i have is £20,000 in the bank at the moment. I am remortaging my house in April - i cant do it until then because i am tied in. So would you... Pay off some of the mortgage with the £20,000 and start making overpayments or Keep saving money in a high interest account and…
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Pay off some Capital?
Hello, We are currently coming upto the end of our first 2 year fixed deal on our mortgage. Our current mortgage is £120k and we have 23 years left. We have some money that we can pay off (no fees from mortgage company), I was thinking £1k, hence reducing total to £119. Is this a better 'moneysaving' step or to try to…
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"second Charges"
Hi I’m just remortgage and I have not tides after the 31/12 but what has been my surprise that on the completion statement received today there is a Redemption of Charge of about £2060. What they are saying is that despite the fact that there are no charges after the 31/12/07 I have to pay the interest up to the end of the…
