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How much can i borrow
OK my partner and I earn about 30-40k (can't be precise as I work for myself and it varies.) We have around 30k in savings. We're first time buyers BUT it's difficult to find property (of anything reasonable) for much less than 250-300k where we need to be located :eek: Is there any way we can get our hands on that kind of…
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Remortgage now or wait until move?
Hi, Any advice on this would be welcome. My 5 year fixed rate mortgage recently expired, forcing me to move on to my lenders' standard variable rate (an increase, as things stand, of around £155 a month). I didn't remortgage immediately as I hope to move within the next year, and I figured that there would be considerable…
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Self Cert - Employed - Lender pulling out
http://www.mortgagesolutions-online.com/public/showPage.html?page=726453 Mortgages PLC has announced it is to withdraw its self-cert facility for employed applicants, while also increasing initial mortgage rates and revert rates by 0.25%. Self-cert deals will now only be available to self-employed applicants. On all…
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Am I doing the right thing?
Hi everyone, after a lot of searching Ive been offered the following mortgage: (Property value £185,000 - £190,000 Mortgage amount £155,000 over 32 years) ABBEY mortgage 5 years fixed rate @ 5.58% £499 booking fees + £30 telegraphic transfer fee + £225 Mortgage Account fee + £132 legal fee. I think I also get £250 cash…
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Equity Release question
Hi All, Im wondering if anyone can help me. My mother has had a mortgage for some time now. Her credit rating is unfortunatley quite poor however her mortgage payments have always been on time as for several years I have been paying them. The house needs quite a lot of work on it, and I have thought about releasing some of…
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10 Year Fixed Rate? Is it worth doing?
After visiting our independant Financial Advisor, we've been offered a fixed rate of 5.63% for both 5 & 10 years (from Abbey National I think - forgot to write that bit down!). Our current 2 year fixed rate of 4.74% ends mid April. We still owe £62,500 (over 22 years) but want to increase it by £15,000 to pay for new…
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credit checks for mortgages
i have just paid of my credit card due to adverse credit to get my mortgage got my mortgage or should i say remortgage to buy a property abroad so i want to know is now they,ve done to credit checks will it be done again before the mortgage offer is posted out to me as i want to get £2000 of my credit to pay for something…
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Northern Rock overpayments (can't see this has been covered anywhere already)
Hi, Our 3-year fixed rate together mortgage ends in Jan 2010. We borrowed £160k for 35 years at 5.99% (repayment mortgage) The value of the flat was £149950 We are allowed to make overpayments on the together mortgage & I've had a look at the overpayment calculators on some of the other threads. What I'm trying to work out…
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charging order on property for remortgage
Help , i have a £3070 which i want to pay off in the process of a remortgage, how can i pay this i thought you can make an arrangement to pay off when you have the funds it was an usucured loan but they have put it through to chaps to take 19 pounds a month direct from my wages ? as there was late payment cheque needed to…
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Advice on interest only mortgages and how to pay off the captial
Hi all I've got a question from a friend well 2 actually. If they get a interest only mortgage which is the best way to do it. 1. Just get the mortgage and only ever pay the interest part, but hope that the property in question rises in value and then sell it on, thus paying off the capital and making a profit? 2. Get…
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First Time Buyer Urgent Help Needed
Hi All I'm not a newcomer to the site, but i am to the forum. Keep up all the good work Martin and guys!!!! I am looking for help for me and my girlfriend as we are desperate to move in together and get ourselves on the market. First off, we have seen a few houses we like in the region of £107k - £120k. Me credit history…
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Repayment / Interest only question
We took out a new repayment mortgage last year. I've also got an endowment that's due to pay out in 6 years time. Seeing as during the early years of a repayment mortgage you're hardly paying off any capital anyway (yet you pay well over the interest only odds each month for the privilege of not doing so), wouldn't I be…
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Does finance affect remortgage deals?
Mortgage renewal due in Sept,but going to get a new car- will prob need say 5k finance. Simple question, if i take out the finance b4 remortgaging will it have an impact on the mortgage and deals we can get? Its an 85% mortgage and we've got good credit records and earn enough for it not to be classed as high risk etc
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150k mortgage needed on 30k income - doable?
I'm posting this on behalf of a couple that I know wishing to get onto the property ladder, they earn 30k between them and want to borrow £150k....is this possible? Thanks in advance
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Remortgage This Month
Hi All Mortgage deal coming to an end this month (March) I’ll have an estimated £122k still left to pay. I want to put down £40k and clear as much of the initial £122k. Which leaves me with about £82k,which I will base my mortgage on. In about 2 or 3 years I may have more funds to either pay half or completely pay the…
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mortgage with poor credit
hi i would be gratefull for any advice anyone has to offer me. I currently have a mortgage with kensington and my fixed rate is due to come to an end in june.once this happens my mortgage repayments will be £960 on an £85000 mortgage(this is includeing mortgage arrears payment of £140 per month). we would really love to…
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Remortgaging- Scottish Widows
Hi I'm currently in the process of remortgaging. The offer I am looking at is with Scottish Widows 5.59% 5year fixed (75% LTV). Does anyone have any experiance of applying for a remortgage with Scottish Widows? If so, how long did it take? Any views as to whether this is a good deal? I wanted a mortgage which was portable…
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Mortgage Fees - How Can I Find Out What They Mean?
I've just applied for a mortgage and the details have now come through in the post. A product fee was mentioned in discussions and I don't remember other fees being discussed - however I know generally there are hidden fees in these things so I was expecting other ones when the documentation came through - and wasn't…
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FTB: how much (est) can we borrow?
Hi. BF and I are 27 yr old FTBs looking to buy in the summer. I have an income of 25k (medical research quango) and he is on 46k (cabinet office). I haven't got round to getting our credit records yet but we should both be pretty spotless. No checks since Oct when we opened a joint account, we are both on electoral roll…
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Bought from local authority, need to transfer to my partner
Not sure how to put this. Recently bought my property from the local authority. The mortgage is in my name. Im moving overseas for work, not permanently, but i'll be away a while. For safetys sake i want to transfer the place into my partners name, just in case anything happens to me. I do have a will but it would be…
