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How long to fix for?
Hi Everyone, I'm remortgaging, and need to decide whether to fix for 2, 3 or 5 years - based on what's likely to happen with interest rates over the next 2 years, weighed up against the extra cost of remortgaging more frequently. Can anyone point me in the direction of some resources? I need an easy-to-understand overview…
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Taking out a mortgage beyond retirement age
My mum is currently in rented accommodation and looking to take out a mortgage, but she is 56. I will be supporting my mum to get a 30% deposit in place, but is it likely that she will get accepted for a mortgage that will still be outstanding over the age of retirement? Is there any other support I can give her to help…
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Finding an Independent Financial Advisor?
Hi I was wondering if someone could point me in the direction of where to look for an IFA who is "whole of market" (i think thats the term Martin uses?!) in my area? Thanks Amy
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Mortgage product fees
Just a quick straw poll of opinions. Mortgage fees - do most people pay them up front or add them to the loan? My mortgage advisor (a family member) said that no-one ever pays them up front. But logic tells me if you can afford it - pay it, as its obviously interest free. I realise that the problem with that statement…
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Surrender endowment ... or not?
Hi, advice? I have a Scottish Widows endowment, due to mature Sept 2011. This is no longer related to a mortgage. Basic sum assured is £9,178 Bonuses £6,116.90 @ 31.12.07 Premium per month £37.34 Surrender value from Scottish Widows: £16,583 Best offer from member of Assoc of Policy Market Makers is £17,080. I wonder if…
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Mortgage free but tempted
We own our house outright. It may sound mad in the current climate but we would like to buy another property over the next 1 to 2 years without selling the current one. This would involve going back into the mortage market after 2 years but we would have a deposit of roughly 20%. My question to anyone who knows is: would a…
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First Direct cuts fixed rates
Just a heads-up that First Direct are announcing cuts to their fixed rate mortgage deals at 3 p.m. today. I don't know what the rates will be.
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Remortgage - Can only get single application
I am coming to the end of my mortgage fixed rate deal and feel an off-set mortgage would be better for us. I have applied for a mortgage but can't get one as my girfriend has a bad credit rating and has debts and a IVA going through. I have enquiried about getting a mortgage in my name and should be able to with my income.…
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Mortgage Valuation
Hi My house valuation is tomorrow. Im not 100% sure what is involved, but he has made an appointment so wants to look around the house. Is there anything I can do quickly which may influence the valuation (my instinct is no, but I thought it worth asking anyway) Thanks all lewjdc
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Cash In Endowment or Not?
Hello Wonder if anyone can advise me. I have a Guardian Financial Services unit linked Endowment I took out in May 1991 - matures May 2016. This was for £35,000 mortgage I had at the time. I've now got a larger mortgage mainly repayment but with £25,000 interest based. My latest statement dated May 2008 says the unit value…
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Using my PhD income to get a joint mortgage?
Hi there, My partner and I want to buy a house soon-ish. At the moment, we're having a slight issue when talking to the banks about how much money they would lend us. My partner is employed full time, but I am a PhD student. Although I am not employed, I do get about 12k tax free per year from the science council which…
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Help me decide - my heads exploded!!
Okay moving house in a few weeks and deciding on products. Currently have 73k with A&L tied in till 30/6/10. I'm porting this across and adding 76k on interest only for first 2 years (wife not working due to babies but will be in 2 years). I have decided on a Tracker so please don't try and dissuade me(!!) A&L have 2…
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C & Gloucester
Fixed rates coming down by 20 to 30 base points tomorrow. That from a LTSB branch advisor.
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CAUTION: L&C/Withy King
Hello everybody, I am currently going through the remortgage process and as usual I have been using London & Country who have always been very good in the past for me. During my initial telephone conversation with L&C, their adviser informed me of their deal with Withy King solicitors which was that if I let them do the…
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Should I use savings or add to mortgage?
Hi I need to borrow £5k to assist a family member and am not sure whether to borrow on my mortgage or use my savings. I have a small flexible mortgage with Nationwide, currently owing £2.2k which is due to end in August next year. Over the years I have overpaid so I have credit of £20k which I can draw down without…
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Self Cert Mortgages? No accounts/payslips? HELP!
I am living with parents at 29 and have decided to finally move out after hanging around for the housing market all this time with my girlfriend of 24. The problem is that I have earnings of around £60,000 per annum but from various sources where I have been 'freelancing' around various countries and companies. I have no…
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Removing ex-partners name from mortgage
Tricky situation. Just about to re-mortgage to First Direct - should go through from September 2008. On application both my name and my ex's were listed, for purpose of listing two incomes. They would not lend to me on my own. Myself and my ex have come to an agreement that I will buy her out should First Direct allow me…
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Self Cert Mortgage HELP!
I am living with parents at 29 and have decided to finally move out after hanging around for the housing market all this time with my girlfriend of 24. The problem is that I have earnings of around £60,000 per annum but from various sources where I have been 'freelancing' around various countries and companies. I have no…
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When Should I Start Looking?
Hi, my BTL 2yr fixed rate deal ends Jan 2009, when should i realisticaly start looking for deals or approach my current lender? thank you Jingle68
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Pay off towards my existing mortgage NOT in UK or put down as a deposit on a place...
Hi All, I have a question for you. At the moment I am saving very hard because I would like to be able to put down 20% deposit should I decide to buy my own place in later 2009. However, I do have a mortgage on a beautiful apartment in Europe with the local bank. The outstanding on the mortgage is around 130k.. I am…
