-
Repayment holidays
We are on a repayment holiday as I am just returning to work after maternity leave. We would like to some work on the house and would like to borrow more on our morgage to do it. our payment holiday doesn't end till the end of may, does any one know can we borrow the money know or do we need to wait till the end of the…
-
FTB mortgage - need 5x salary
Hi, I'm looking for a FTB mortgage that is around 5x my salary (I earn £27,500 and need to borrow £130,000, I have around £18-20,000 deposit). My husband has a bad credit history (long story with HSBC cocking things up) and he's also looking for work, so it seems best to just borrow in my name for now, hence trying for 5x…
-
Mortgage Vs Renting....HELP!!!
Hi there, I am 23 and my boyfriend is 23, and we are currently saving up for a house together. The problem is however that we are unsure whether we should rent or buy. Currently we have a combined income of £30,000, but after I finish my masters in two years we should have an income of £40,000 at the least. There seem to…
-
Calculating Mortgage - Business Dividends?
Hello - my partner and I are going to buy a house once we get more of a feel of how the market is panning out (are currently renting and I can't see the landlord selling up as it's their family home and they are posted somewhere for at least another year). Anyway, I was wondering how our mortgage calculation would pan out?…
-
Help!How many signatures are needed?
Hi there, could someone please help me? My brother in law and his girlfriend had a combined mortgage with Northern Rock. Unbeknownst to him she contacted Northern Rock and asked for a break in mortgage payments for a couple of months. As he was putting his wages into their joint bank account, she was taking it out again.…
-
BTL remortgage required
I recently purchased (2 months ago) a BTL property which I have extended and refurbished. I am now looking to remortgage and get some equity out. Currently, rental £610 p/w, value £575,000 and I am looking to remortgage to £485,000 Self Cert with accountant's certification. Any lenders that would consider this? Current…
-
Remortgaging: Advice needed please
I wish I had found this site when I was looking into mortgages 2 years ago! Oh well, better late than never. My 2 year fixed rate deal is due to end at the end of April so I have very little time to sort out a new one- hence making this post now! My plan is as follows: * Meet with current mortgage lender and see what (2…
-
Transferring (Porting) Nationwide Mtg
Does any one have any experience of moving house and porting their NW mortgage? We are trying to move and have a 10 yr fixed rate (about 8 yrs left). NW have agreed to port the mortgage and agreed to the additional borrowing at their current fixed rates. Fair enough ... However, we might need to complete on our sale,…
-
Self Cert? Help Please :-)
Hi everyone! OK - I'm stuck on what to do and wondered if anyone could offer some advice?
-
More changes from Nationwide
Effective today: http://www.nationwide.co.uk/intermediaries/latest-news/fixed_and_tracker_rates110308.htm
-
Pulling out after accepting mortgage
Hi all Could you please tell me what are the consequences of pulling out of a purchase after signing the mortgage letter of offer? Ta
-
Student Mortgages
Hello all. Someone suggest I post my questions about student mortgages here, so I'll just copy and paste my thread from the House Buying forum, with some added info:
-
Surrendering Endowments
Hi new to MSE, 1st thread. I'm seeking advice regarding cashing in unitised endowments x2. Took out 1991 for £30000 and 94 for £10000. I only have £20000 left on mortgage (interest only) managed to pay off large lump sum recently. Endowments are worth £16000 combined today. Thinking of cashing in and paying 16k leaving 4k…
-
cancelling life premium
We have 2 endowments originally taken out to pay off the mortgage. An inheritance meant that we were able to pay off the mortgage in 2001 but have retained the endowments. Now on a pension we want to retain the endowments but cancel the life assurance and not pay the monthly premiums. No problem with Barclays but Legal and…
-
Deposits needed for mortgages?
Hi, We want to let our current property, a 2 bedroom maisonette, and buy a 3 bedroom house nearby, hopefully sometime next year. By then we will only have £10k left on the present mortgage for our flat which is worth approx £165k. I was thinking of going for a BTL mortgage on the flat for £90k, and a £170k mortgage for our…
-
Northern Rock 100% Mortgages
Hi folks, myself and my wife got a 100% mortgage off NR back in Oct, just before the sh*t hit the fan basically! Anyway, we're in a 2 years fixed rate mortgage but my wife said she thought she heard Martin this morning saying anybody with 100% mortgages from NR are in danger but she didn't catch what he said. Could…
-
The right thing to do with endowment?
Hi guys, We have a standard life endowment which finishes in 9 years time. Its meant to pay off a 34k mortgage but currently has a shortfall of around 12k. The surrender value is about 12k and we pay £42 p/month We have a personal loan for another 9 years which is for about 12k and we pay £183 p/month I have calculated…
-
My Mortgage deal ending soon
My exisiting 5 yr fixed rate with A&L ends in April we am now considering which (if any) provider to go with next. Our outstanding mortgage is c£30k which is well within our means. If i remortgage now I would possibly incur large arrangement fees? What would be the best deal for me please? Thank you.
-
Do mortgage advisors have access to better rates
Hi All My mortgage is due for renewal at the end of March and after spending a lot of time reading all of the posts on here I was ready to pick the product that was right for me which is a 5 year fixed from Nationwide (loyalty product). My question is - do whole of market Mortgage advisors or IFA have access to better…
-
arrangement fees?
Martin was on GMTV this morning and he said that people on Northern Rock Together mortgage are in trouble. anyone know why?:confused:
