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Which Lenders take credits into consideration?
I'm currently with Northern Rock, and know that they don't take tax credits into the equation. My husband has recently left us, so when it comes to remortgaging due to my low income I will need to find a lender who will take tax credits and child benefit into consideration.:confused:
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Credit Score after Re-mortgaging?
Please bare with me on this, as I wasn't sure in which forum to post! I'm currently in the process of re-mortgaging our house and using some of our equity to pay off debts of £25,000. The question I ask is, will my credit score go up as a result of paying ALL my existing debts off early. Will companies still see me as a…
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Additional payments
hi all, i have a repayment self cert mortgage with ucb,at 5.14% i have always paid and extra £200 per month on top of the standard repayment. am i better off making a one off yearly payment of £2400 or paying £200 per month. i am not sure if the interst is added monthly or yearly but i am going to call them on monday.…
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Self Employed Need advice
We are a self employed couple with our own retail business.The premises are leasehold,we have paid off 1 mortgage and used the proceeds to buy our business.As all our money is tied up in the business, we are renting at present but wish to buy our own house.We are looking for advice on how to raise a deposit possibly as a…
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Cashing in a PEP / ISA?
Chaps, I have had a L&G ISA for my house as part of paying the house off since 1997. It is not performing well at all and I would have been better sticking the money in a cash ISA. The statement says it has ~ 10K. Questions: - Is this the surrender value , if not what should I expect - Guidance if I should think about…
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Royal London - loan against a life policy
Hi, has anyone else been caught out with this. In 1991 my Mother took a loan against a life ins policy for £780, she has recieved a letter this week to tell her that she now owes them just over £3k, the total of the loan plus interest. This is the first they have advised her of the increasing amount, at the time of the…
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help, new house - best mortgage
Have just bought a house ( at a good price), but now I am unsure of the best mortgage around? All complicated by the fact I have got just 11 months left of my fixed rate 4.45% for £100K and need another £100k, My current lender can give me a fixed rate of 5.59% for the new amount. The question is .... is it better to : A)…
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Mortgage for self employed - Please advise!
i am a self employed consultant and need a mortgage.. When i last applied i was working for a company, so it was a bit easier. This is the basic headline info: Company Turnover: 50k, My Wages 5k, Wifes 5k, Expenses, 10k, Child Benefit/Tax Credit/Working Tax Credit 10k, Overall net annual income 30k. I have a mortgage…
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mortages still being mis-sold
Just a note to watch out - a friend of mine was recently stung. She had an existing mortgage which was still at a discount rate and was moving house. The bank advised her to retain this mortgage and to take a second top-up mortgage with them to cover the cost of the new house, stating that this was the cheapest way. Now…
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Paying 16k off mortgage or invest 16k?
Hi, I have just had 16k made available to me from an old endowment policy that is no longer jioned to any mortgage. I have a 48k mortgage at present, should I pay off the 16k or keep it, invest it and hope it make more in the short time I have left to finish my mortgage(3 years left). cheers for any advice.:D
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advantage of paying off 3k on mortgage?
We have a 150k interest only mortgage with Halifax at fixed rate until 2009. OH thinks we should pay off £3000 by the end of Jan (1 yr into mortgage). We have other expenses to bear in mind for 2008 like a 10% share in the huge bill for doing up the building we live in (flat: leasehold) and uni fees. Can't work out if this…
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Who / Why Buy an Endowment ?
We're always being told that endowments are obsolete forms of savings and that we should cash them in or trade them. But if that's the case why on earth would anybody buy one ? Yet these companies exist, and obviously make a profit. So has anybody bought a traded endowment, and if so why ?
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Whole market, free mortgage advisor rec's??
Seems to be a lack of recommendations for mortgage advisors on this forum, surprisingly! Need some advice, anybody got any recommendations for a fee-free whole of market advisor?? Our case is nothing complicated, and we have a good credit history. We live in Cumbria tho', so might need to be "over the phone". TIA!
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using a let-to-buy to finance a buy to let?
Any advice much appreciated; Basically I have seen a house I want to guy to let out, but only have a 10% deposit on it, now the buy-to-let deals aren't too attractive for this, with fairly high rates and a high lending fee. Someone mentioned to me I could do a let-to-buy, but never move, stay in my current house and rent…
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My Moving house nightmare with second charge, HELP?
Hi, First post here on this wonderful site that has help me and my family a lot with our money! I am currenty having an absolute nightmare moving house... Firstly we had a buyer mid last year, signed contracts, moved most of our stuff to the new home only for the buyer to pull out the day after! The end of last year after…
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Shared ownership & capital borrowing
Any advice appreciated plz. Mortagage on 25% property 10yrs left to pay owe £9 900 25% property just valuaed at £43 750 Mortagage is joint with my ex - ex just agreed to be bought out I need to raised approx £11 500 - £15 000 to buy him out I've been advised NO LENDER will lend me this money simply BECAUSE shared…
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Assistance will be appretiated.
We have a mortgage with Northern Rock, the repayment rate is 7.53%. We owe a total of £22,500 over the next 14 years. Initaily the mortgage was for £28,000, that was over 6 years ago. The value of the property, has rose to aprox £85,000. With the uncertanty of NR, we feel it is time to move. The Question is, Were to? Any…
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Fixed rate remortgage - please help me!
My fixed rate with the Nationwide ends on the 31st March so I'm looking to sort it out soon. I had a morgage appointment with the Leeds for Monday morning to go with their 5 year fixed 5.05% (no tie in) only to find out this morning that it's been removed less than to weeks after it was introduced. Therefore do I go with…
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First Direct 5 or 10 Yr Fix
I really dont know what to do . Looking at FD 5yrs at 4.99 or going for a 10yr 5.15 I have a part and part mort consisting of Interest Only73kRepayment61k Int Only Endowments are worth about 21K so not sure to sell them all up and go repayment on 112000 or not Then not sure if i should fix for 5 or 10yrs . Anyone with any…
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Debts, mortgage and friend doing a runner
If anyone knows where i should find help for the following it would be be greatly appreciated. I bought a house 2 years ago with friend (not now) on a 50/50 split with the northern rock 125% mortgage offer of which we borrowed 30k (unsecured) on top of the house (105k). The person i bought the house with left the country…
