-
Graduate Mortgage Help Please
Hello, me and my parnter have recently graduated and after a mortgage of 133,000 on a 140,000 house with a 5% deposit. Earnings of 23k and 15k, i start work next month but have a 3 month probation period...what is the chances of me gettin a mortgage? Its a 2 year contract but has a 3 month probabation, seen a house i wish…
-
I'm subprime; remortgage or not?
Hi Guys My 2-year fixed rate is coming to an July 2009, Im currently on 5.89%. This will revert to BoE rate plus 2% after that date. The trouble is when I bought the property for £170K, like loads of other people, lied about my income. I put down a 15% deposit thanks to my family. My income is less than £25K. So you can…
-
Mortgage Overpayment Question
Hi guys, I phoned up my mortgage lender to ask for details on how to make overpayments. I was told that the type of mortgage I have would incur a penalty for any type of overpayment I make. The key facts of my mortgage are below: 10. What happens if you do not want this mortgage any more? Early Repayment Charges. An early…
-
Can I get a Mortgage without a deposit?
Hi, my wife and I are currently renting and have been for the past four years, but due to negative experiences with a letting agent trying to rip us off etc, etc we really want to look at owning our own home. However, I am the sole wage earner and we don't have any savings for a deposit. We've been trying to save money but…
-
re mortage off sub prime
Hi all, any advice, comments gratefully recieved.. In about 6 months will be coming to the end of a 2 year fixed rate with a subprime mortgage, would like to leave the lender for a more 'traditional' lender. I have been clean of any late payments etc for the two years.. should this now be straight forward??!?! is anything…
-
Your Opinion on my situation please
Hello all, looking for the opinion of people who know something about mortgages, rather than just trusting to my own knowledge. I think i know what the answer is, but any opinions will be gratefully recieved: 2 yr fix ends in Oct (currently 5.49%), SVR is presntly 7.3% - no problems paying the SVR rate. 12 yrs left on…
-
sub-prime mortgage for first time buyer and after BR
Hi Hoping someone can point me out into the right direction - went BR in 2005 and got discharged a year later.. Currently trying to rebuild my credit rating (have got a big overdrfat limit with Barclays Bank and also got accepted by two sub-prime credit card providers..) Anyway, to cut the sotry short I will be looking…
-
taking a name of the mortgage deeds
got myself in some financial difficulties barclays -£3600 abbey cc - £8000 tesco loan -£8500 mbna cc -£3000 citi cc -£1000 i am in the process of taking my name of our joint acount and was wondering whether it makes sense to take my name off the mortgage with nationwide as i dont want to rick our family home. ive told the…
-
Remortgage Advice Needed
Hi, I currently have a mortgage of around £153.000 and due to falling house prices and after doing some research i think i have equity of £8000-£10000 but this is falling all the time. I currently earn £27000 and earn a regular 2k extra per annum in overtime.my wife has just started a new job and earns around 15k and we…
-
Can this be done - mortgaging
Hi, Can this be done? We (pensioners) have a 60k mortgage and are in difficulty paying the payments (it is a the 4th year of a 10 year mortgage) so our daughter has suggested that she gets a mortgage that will cover the 60k and we sign over a percentage of the property to her to the tune of 60k. Her mortgage would be over…
-
Fixed rate with annual interest v BOE tracker with daily interest
Hi, I'm in a dilemma. We are remortgaging £208,000 with equates to 80% LTV. I organised a fixed 3-year rate with Leeds BS a couple of months ago at 6.24% over 28 years. We have a healthy monthly income at present so are planning to overpay by £1000 a month unless something comes up. All has gone smoothly and we're due to…
-
Mortgage and credit card debt...?
Hi all, Just after a bit of advice really. We've just applied for a mortgage and together we have approx £5K of credit card debt. I've just recently switched this to the MBNA 5.9% rate for life card, which I think is a really good deal. However, once our house gets sold and we buy the next one, with savings etc, we will be…
-
Another Northern Rock Situation (any Advice Please)
Hi this is my first time submitting my situation on the site so I hope i'm doing everything right!! I am another one of the Northern Rock 'Together' mortgage customers. We borrowed a 125% mortgage, it seemed so great at the time now were just kicking ourselves. We bought our house in April 07 for £117500 plus the full 25%…
-
offset calculator
I was wondering if someone could help me... I am looking for a way of seeing what effect overpayments will have on my overall amount owing. I have a first direct fixed at a rate that is no longer available so i am not able to look at illustrations. Can anyone help?
-
1st time buyer
Hi Hoping someone can offer me a bit of advice on here - currently renting a room but have decided to move back to my parents for approx 18 mths to save money and hopefully buy somewhere of my own after that time. The general feeling I get is that 18 mths will be a good time to buy? As a first time buyer will it be easier…
-
NEwcastle BS Mortgage
Hi all Has anyone else seen the new mortgage rate from Newcastle BS for fixed rate 2 years on MoneyFacts? http://www.moneyfacts.co.uk/mortgages/bestbuys/2-year-fixed-rates.aspx It says 5.65% but I can't find this rate on their website! Anyone else seen this or heard whether the rate is accurate? Thanks Jim
-
Advice on 3 or 5 yr 5.98% fixed rate
I'd appreciate any advice. My current 2 yr fixed rate Mortgage with the Nationwide is up at the end of Sept. They have offered me the 5.98% fixed rate for 2, 3 or 5 yrs with no arrangement fee. I'm unsure whether to go for the 3 or the 5 yr term. Does anyone have any suggestions and if so would you mind explaining. I feel…
-
Endowment Surrender Yes/No ??
Can anyone help me. I am getting divorced and will have to start again on the property ladder. I currently have two endowment policies and having read a few of the threads in this forum am wondering if I'm better surrendering them and using as a deposit for a new mortgage? First is with Standard Life . This is joint with…
-
Re: First mortgage but made bankrupt June 2005
Hi all, I am new and need some advice that may effect my future. I was declared bankrupt (no judgements please!) in June 2005 due to personal affairs. I have since rectified my financial circumstances and each day am trying to repair the damage done. My mother is wants to sell me her house as she is leaving the country and…
-
advice on 10 year fix rate offer
I have been offered a 10 year fix rate at 5.8 for a 60k remortgage. I wish to repay over 12 years max. advice would be welcome.
