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Looking for a "true" Self Cert Mortgage
Self 45 years old - self employed 4 years, no accounts, net income about £300 a week. Therefore looking for true self cert. Wife 47 years old - employee earning £7K, wages slips and P60's going back years. We have been 2 years mortgage free and obviously hold the deeds to our current house. Looking to buy house worth…
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mortgage payments
Hi got a quick question. Do you pay Halfax mortgages in advance or in arrears? I have bought my first house and due to move in on 12/09. I have arranged for payments to be taken on the 1st of the month. Will the first payment come off on 01/10 or 01/11? My mortgage is for £500 and my first payment will be £780. My OH says…
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Paperwork for Self-Employed?
Hiya Currently I keep a lot of old bills and statements. Wondering...if one of us is self-employed, how many years worth of documents do you need when applying for a mortgage?:confused: Just trying to make a bit of space in a small flat we are increasingly growing out of! Any advice appreciated thanks!
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Interest free?
Ive just seperated from my wife and am going to struggle to pay the mortgage as it stands. Is changing the mortgage to "interest only" for a couple of years an option to lower the repayments? Please help! :(
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could i get some advice please ...remortgages and debt
hi all... im desparate for advice please... i own my own house - mortgage with nationwide £85000 worth £165000 over 21 years got loan for 6500 and credit cards totalling 7500... im about to change jobs and this will incur a drop in salery of about £250 a month.... my mortgage 'deal' is up 2009 nov... my dilema is do i…
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mortgage rate drop
A week ago I got my mortgage offer through from Nationwide (first time buyer). Now I've noticed that the rate on the tracker I am on has dropped from +0.98 to +0.88. I take it this means, tough luck on me and I will be stuck on the higher rate? I won't be moving into the property until the end of next month (fingers…
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mortgage for a house i rent out ...
I have a mortgage on the house i live in.......60k my mum passed away early this year and i am the only one so the house is in my name..... I have rented the house out now, and would like to raise some cash say 40k. is it true i have to have the house in my name for 6 months before i can apply for a mortgage....This is…
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Mortgage Advice needed, completion collapse?
Hi everyone :) Newbie here, I was hoping some more seasoned experts can advise on my current situation. If you can, I'll send you some e-beers (:beer: ) Situation: Today I was meant to exchange and complete on my purchase. However due to the Estate Agent not advertising the property locally in the newspapers (It's a…
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Preparing to buy but what mortgage
I have recently paid off the mortgage on my main property and have a cash surplus enough to afford a deposit of around 25% on a second property that I would like to buy. The plan is to rent out my current home and then move into the place I am looking to purchase. I am looking at taking out an interest only mortgage so…
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swapping to intrest only mortgage
can i swap my repayment mortgage over to a intrest only one till things pick up ???? and how much would it cost . i only had my mortgage since febuary , am a bricklayer and things are a bit tough :mad:
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A mortgage which seems too good to be true
:confused: At the moment I am looking to remortgage my house due to the end of my fixed rate. We have contacted a mortgage broker and they have came back to me with a Flexiable plan mortgage. Basically you take out an interest only mortgage and pay a certain amonut of money into another account. At the end of the year all…
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Is remortgaging a good idea?
Hello All I was thinking the other day about amortization, the fact that most of your payments at the start of your mortgage go toward interest and not repaying the loan. I wondered if this meant that people could be seriously extending the term of there mortgages by remortgaging (or repeatedly remortgaging) and ultimately…
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Deciding a fixed rate term
:confused: Hi I am new to this and not very experienced with mortgages! Our fixed rate mortgage has just come to an end and we are looking at another fixed rate. We have been advised that a 10 year fixed rate could be a good idea. The Woolwich do a 10yr fixed at 5.69% or a 5yr at 5.79%. Our mortgage is for approx 98000…
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first time buyer - help
Hi, Me and my partner are looking to buy our first property. However, like many people our age we have zero savings a signifiant debt. Ideally we would have liked to roll the debt into the mortgage having a one off debt over 25 years. But I know that is not possible, especially in the current market. Our situation is this:…
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Maximum contribution from builder
Hi - Looking to buy a house and going to negotiate with builder about contributing towards the deposit. Are there any regulations or limits i.e maximum % that the builder can contribute or can they do how much ever they wish e.g 10% or even 20%
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Halifax Mortgage
Hi, Could anyone please give me any advice regarding my mortgage deal. Basically we took out a mortgage for £40,000 nine years ago, the house price was £42,000 at the time.Our monthly payments are £289 which considering house prices now is pretty low as far as I know! We want to add probably about £10,000 to our mortgage…
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Help with remortgaging
We are coming to the end of our two year fixed deal at the end of September. I have been on the case for a few months to secure a new deal. We currently have an interest free mortgage with A&L and want to switch to a repayment mortgage. Mortgage is 188040 and property value about 280000. We went through L&C but the deals…
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Payments help
Hi guys/girls Just some quick advise please... Just been informed by my employer that im being took off shift work for 5-6 months due to sales figures dropping which means im gonna be down around £300 a month now is it possible for me to ring the bank inform them of this situation and ask that my payments be reduced? my…
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Own 60% of home with "ownhome" or 100% by myself?
Good evening, I'm just interested in receiving any opinions on which option you would advise for me in getting a mortgage. I have applied for the ownhome scheme as I am a keyworker, and I have been accepted and told I could look for a property worth 106,000 maximum. My mortgage would have to be with the coop, and would be…
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Mortgage help
We have sold our house in Kent, but have not been able to view properties in Norfolk as we have not found jobs yet. We have a mortgage with Abbey and they dont know that we have not worked since March. They have said they will give us the same mortgage we have now, if we pay a 10% deposit on our new home. We really dont…
