-
First Time Buyers
Me and my partner aren't looking to buy until September 09, we are looking at spending around £140k and by then we should have 10% of that saved by then. At the moment I have been looking at first time buyer deals and they all seem to be around 5.75 to 7%. Is this a realistic figure to be thinking about or by September…
-
Letting Out: Mortgage Restrictions... Need Help!
I'm new to the forum so apologies if I don't manage to post this in the right place! I really need some advice. I urgently have to relocate closer to home for family reasons which means that I'll need to let out my flat (I'm currently 400+ miles away so commuting isn't an option). When I spoke to my mortgage providers…
-
£10K 2009 Challenge!
Sorry if this is the wrong forum but after some dissapointment I am starting a challege. I need £10K in 2009 for a house deposit. Anyone want to jon my quest? It doesn't need to be 10k just some support!
-
Re possessed
After having my home re possessed from the building society,northen rock back in October.My ex husband is still a named person on the mortgage that we had on the prpoerty,but have since found out that he has been put on his new partners mortgage back in June some time.Is this legal as he already has a mortgage that he…
-
If Accord can do it...?
Accord are now offering a decent 2 year fixed of 4.49% + £1k fee for existing borrower transfers: http://www.accordmortgages.com/index.html Something tells me that the market is beginning to lose its jitters and get sensible again...
-
Fixed Rate Ending
Hi all, I have a 3 year fixed rate with Aliance and Leicester that ends May 09, current rate 4.39%. Anyone know if there are any similar/lower rates available to remortgage. Ideally would like another fixed rate so that I know what my repayments would be each month. Current figures.... mortgage amount left £73,947…
-
Wife wants to buy now, I want to wait 5 years+. Advice?
We would like some advice about where to go from here. We are renting at the moment, council house so very cheap rent. Due to an inheritance we have £15k for a deposit/fees. However, we also have £10k of credit card debt. Wife wants to buy within the next year, me not so sure. I would like to wait 5 years or so, pay off…
-
A touch of reality...
My son and his girlfriend are thinking about buying a house together and I just wanted to get some views on the financial situation so I can help advise. My son earns about £30,000 a year but about 40% of this is via commission. His girlfriend earns about £26,000. They have managed to gather about £40,000 for a deposit.…
-
Worried & Confused re house prices and remortgaging
Hello - first post - please be kind. My partner and I bought our first house last June for £215k. Our fixed rate mortgage (5.34%) will come to an end in June 09 and I'm really worried. We put a 22% deposit down but if predictions are correct house prices will have fallen by 20% by the time we come to remortgage. Do I need…
-
Repay or not?
Slight twist on the old dilema of whether you should pay off your morgage if you had the money...... The economic decision is normally around whether you could achieve a greater return on your captial than you could save by paying off the mortgage. If you reckon you can make more than your morgage company charge - then…
-
Porting a HSBC Lifetime tracker
Hello If I wanted to move house and borrow more to do it, assuming that it was acceptable and I had the equity what would happen to my tracker rate? Do hsbc "port" the existing rate to the whole amount of the loan or do they simply move you onto whatever rate the current lifetime trackers are on? I ask as it looks like…
-
Flexible savings plan with mortgage
I purchased my home last year as a right to buy property and initially had trouble obtaining a mortgage. I eventually got one at a hefty price to set up with a company. I have a two year mortgage agreement and the plan runs alongside the mortgage. I pay interest only but save additionally alongside the mortgage. At the end…
-
if you were fixed and made overpayments, check that you are still overpaying
Our loan is with the nationwide, it was originally a fixed loan. We made some overpayments on the loan, which were were allowed to do. However, what I didn't know was, that when the loan went on the SVR, the building soc, recalculated our new payment based on the reduced balance of the loan, not the amount we had…
-
HomeShare
Hi all, Firstly Merry Xmas and a Happy New Year to all! :T I have been away from the forum for a few months but im hoping to return will good news? Me and my partner earn very little £23K between us :( hopefully to get bet better as im still training, and we want our own place. With our wage our mortgage would be so low we…
-
Good Vs Bad credit rating
Hello, My partner and i are going to buy a house this spring, i have a Very Good rating, she has a Bad rating. I currently have a mortgage on my house and she rents. i will prob have about 45k to put down on a 250k house, i just want to get an idea of what the banks will say when we try and get a mortgage. Anyone give me…
-
Fixed mortgage due to end. Need advice!!!
Hi all I am currently on a fixed rate with Abbey 5.09, it is due to finish in Feb. Have contacted L & C and they have found me fixed rate C & G mortgage for 5.09 for 5 years. I thought this was ok, however Abbey are reducing SVR to 4.94 in Jan. Don't know whether to fix or go onto svr and see if rates lower further. Just…
-
Hypothetical question
Hypothetical question You have a loan of 45K you require another 60K for a project you have one freehold property with rental income should you sell the free hold property and with the capital pay of the loan and have money for the project? or pay of the loan by remorgaging the freehold property and taking enough money for…
-
Brass air fittings
Now that is a lot of brass air fittings http://www.liangdianup.com/subpages/airfitting_1.htm there is just about every type of air fitting that you could want. Wholesale prices too. I guess these could be used as small water pipe fitting also. I used some of the parts to make my babington wvo burner.
-
FTB w/ deposit - is now the time to buy?
Hi guys I'm an FTB with an okay, if not squeaky-clean credit record. I've never defaulted, declared bankrupt, etc, it's just that I've bounced around from address to address for a long time and as such, my electoral roll record is imperfect. I've banked with RBS for about 8 years, and earn £40k+. My parents have suggested…
-
Do a lot of life assurance companies do this?
I have an endowment with Scottish Friendly which matures in January which is due to pay over 50k and I intend to pay our mortgage off . As I had not had any contact from them by 14 Dec I rang them to be told all the information I needed had been posted to me on the 3 Dec. As the letter had not arrived I asked them to send…
