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Self-Employed Re-Mortgage
Can anyone advise please? I currently have untied a mortgage with a large high street lender for about 50% of my house value. I acquired the mortgage when I was employed as a salesman, however about three years ago I got made redundant and started working for myself. (Sole trading handyman registered for tax) I didn’t tell…
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Chances of getting accepted for a mortgage in current climate. Mort. £80k, earn £15k
I know lenders are not giving out mortgages like they used to, but what are my chances of an £80,000 mortgage, £10,000 deposit put down on a flat being sold to me at £90,000 but has been valued at £110,000. I earn £15,000 a year, no debts, no missed payments and £2,000 credit limit (which is almost full) on a 0% credit…
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pensioner cant pay mortgage now tenant has left
hi- hope someone can please advise I have an elderly friend who unfortunately put his life savings into buying flats offplan he thought he would be rich, but obviously it has been an absolute disaster. He has lost most of his money and is now in a council flat with a limited income. His only property that has so far…
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Remortgage for Extension Advice Please
Hi, We have a 2 bed house which we need to extend (already have 2 kids and desperately want to add to that!) We currently have just under 53k on bos mortgage at svr (£403/month) We also (rather stupidly) consolidated other debts at the end of 2007 with a 30k secured loan (blemain finance at £331/month). We don't struggle…
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Is this a good deal
Our current mortgage arrangement is due up in September, so I rang London & Country and have been given this as the best available deal. Nationwide at 6.18%. No legal or survey fees. £599 setup fee. Fixed rate for 2 years. Our house is currently on the market, so we need a portable mortgage. My question is, is this a good…
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Advise please
My mortgage (£56000 over 8 yrs)is due for remortgaging in November, anyone advise good deals at the moment.I have been advised by L&C about a probable good deal which will cost me £150 to secure,but as i have till November i am not committing .
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Inhertitance pay lump of mortage or not
Hi there Last year after some research my husband and I started to buy our council house, we thought long and hard as we could only afford a 20yr mortgage and my husband being 55 ( i am 39) was a big issue. We decided to go ahead and the sums are as follows House value 08/08 £195,000 purchase price 06/08 £146,000 (thanks…
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Inhertitance pay lump of mortage or not
Hi there Last year after some research my husband and I started to buy our council house, we thought long and hard as we could only afford a 20yr mortgage and my husband being 55 ( i am 39) was a big issue. We decided to go ahead and the sums are as follows House value 08/08 £195,000 purchase price 06/08 £146,000 (thanks…
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Refused mortgage because....
I still can't believe this one. Me and my Fiance are in the process of buying a new house. We've been shopping around for the last few weeks looking for a decent fixed priced mortgage. At long last week found what we thought was the best available on offer. Which was a 5 year fixed rate with the BRITTANIA building society.…
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Daily Interest Charges on Missed Mortgage Payment...
I recently bought my ex out of a property, but the closing balance was a lot greater than expected (i was expecting it to be £68,250k, but it turned out to be about £69,750k). The only reason I can think of is that a payment was missed in May, and my ex was told that there was going to be interest added to this debt on a…
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Paying Weekly
I got a bit of advice recently about paying off my mortgage earlier. He said you can pay off your mortgage weekly so therefore cutting down on interest payments. apparently this can knock years and years of you mortgage without having to pay more. Also i get paid every 4 weeks not every month to have my mortgage money in…
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Re-Mortgage Direct Debit Question
I'm not sure if anyone can help. I've re-mortgaged from RBS to HSBC and asked for it all to go through on the 1st August. I've checked my bank statements and RBS have taken their monthly payment as usual even though I thought they would know not to take it as I was re-mortgaging. I've not had anything come out from HSBC.…
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offset mortgage v pay of mortgage question
Hi I have an offset mortgage of apporx £255000 over 25 years to pay ...it allows me to pay off more if i choose with no penalty , i have approx £15,000 of savings should i use these to pay off the mortgage , leave the money in an offset account with the same bank (ie so it reduces the interest ) or put it into savings and…
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Halifax woes/stiffed for £500
Anyone had a bad experience with Halifax? I feel that I've been taken for a £500 ride by them: I started a mortgage application over the 'phone and was rewarded by a very friendly response and phrases such as "you have a brilliant credit score" and "the amount you require is so tiny in relation to the value of your…
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Is my mums mortgage company ripping her off!!!!!
My Mum has been paying extra cash amounts to reduce the balance of her mortgage. Recently she rang to enquire about paying one of these payments and was told that her current low rate deal was about to expire (31/07/08). Panicking she thought that this meant she would have 'no mortgage'. She asked if they could sort out a…
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Scottish Widows / LTSB Level Mortgage Plan
I am after some advice please My Wife and I both have these policies that were purchased in December 1996. They were projected to cover £22,875 each in December 2021 when our original mortgage came to an end. The annual statement for 2008 advises that each policies current value is £4207.17 which is based on owning 451.947…
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LTV on new mortgage
Hi, I purchased a house last year at a significant discount to its sale price. My mortgage is up for renewal soon and I wondered whether the value it's worth now will give me a better LTV and therefore a better rate: My mortgage is £230k My house value is £285k The product I'm on is a 2yr fixed at 5.94% (95% mortgage).…
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Endowment - should I up my pyts??
Hello all - I started an endowment policy (managed fund with Countrywide) in 1999 when I bought my first home. My payments were about £95 pcm to cover the mortgage (about £100k, I think). Since then, I have bought a new place and the mortgage is a completely different product. I was advised by someone to keep the endowment…
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repossession - bancrupty - Northern Rock
hi We have just come to the end of our Northern Rock fixed rate and our payment on Interest Only has increased by £400 per month. We just cannot afford this. I have been to citizens advice who say "don't pay mortgage and see what happens" uh???? The houses are not selling in this area unless we go for negative equity, and…
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Is this wise?
Hi there, Q: Is it wise to overpay the mortgage on a rental property (let out to tenants)? Danke! OMM
