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large deposit not enough income
i want to buy a house for £250,000 i have £130,000 left from the sale of my house once the morgage is paid off,but the banks will only lend me £96,000 as i only have an income of £24,000 is there any way i can get a morgage for the full amount ? The repayment will only be an extra £160 a month so easily affordable
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help needed to understand this interest!
Hi guys. completely confused can anyone make head or tail of this please... A reply from my bank manager at Natwest business banking says: The interest that was debited to the current account in January represented 1 month's interest. The loan has already been debited with interest of £700.82 in December. This interest…
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Negative Equity
If you have negative equity in your property can the mortgage company repossess the property in some way? My mortgage is with Northern Rock and I am paying the SVR, cannot remortgage as it is now in negative equity plus I am self employed so well and truly stuffed! I just worry that there is some way they can try and get…
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Mortgage when self employed/company director
I'm a company director and my wife is self employed. before christmas we had an offer accepted on a house, and a week last monday we provided Abbey (the mortgage company) with paperwork and evidence of pay etc. its took them 6 days to get back to our broke to tell us that they want my last full years accounts. Now heres…
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Mortgage Worries on Income Support
Hi everyone. Im in need of some advice so any would be much appreciated as I am in a difficult time as with a few others on here. Back 14 months ago my son took out a mortgage on my home with Abbey. We purchased it using the City Councils right to buy scheme for £100,000 which included £26,000 discount. We paid an…
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Mortgage Agreement
I have a buy to let mortgage with Barclays. It is a tracker at 0.39% above base rate, with no cap. Barclays have recently sent me a letter with my Mortagage agreement form attached, and asked if I could sign it again as they have lost the original agreement. Do I sign the agreement as they ask and send back to them? If I…
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FTB - Oh yes another one asking questions.
As all other FTB i'm thinking of getting a property this year. I want to wait until the right time to buy a place so i get the lowest price but i don't want to wait until everybody else is doing the same and i don't get the pick out of the best. I'm not very clued up on mortgage rates and deposit. But currently at the…
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mortgGES with trust deed ?
can any1 help me out at adivse on which mortgage compaines to deal with for a re-mortgage for a trust deed , i need the equity from the property , any1 in the same situation with advice , many thanks
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Halifax - stay on SVR?
Hi Just looking for some advice: Have a mortgage with 15 years left - just finished a fixed rate of 5.75% and am now on the SVR with Halifax (from 1st feb its 4.5%). The mort is about £75000 I can't decide if I should I stay on this rate? I remember when I took the mortgage out - no one ever was on the SVR and thought you…
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Baby on way, need to reduce mortgage payments - advise please.
Hi all, I'm looking for a bit of advice... My wife and I currently have a 5 year fixed mortage with the Abbey, 2 years into it with around 18 or 19 years left to pay. We have our first child on the way and need to reduce our monthly payments. What I would like to do is to talk to the Abbey and see if we can keep the…
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Whats gonna happen to me what i renew my mortgage ?
Hi all, here is the basics brought my flat for £125,500 in 2006 with a 100% mortgage, 2 yr fixed. moved to abbey last year flat was valued at roughly £135,000 - £140,00, they didnt say but i had no problem getting another 2 year fixed. I still owe about £125,000 so ive paid off nothing in 3 years what with fees etc, What…
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Early Repayment Penalty Causes Negative Equity - HELP!
Hi, I am desperate for some advice here. Please please someone help! We have a property that has been on the market since August. We also have a £21,000 (yes, £21,000!) repayment penalty on it until September 2009. Due to work, we have already moved out of the house and relocated. When we first put the property on the…
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Would you pay the exit fess or wait?
Situation is current 2 year fix ends 1st August 09. Building Society is Stroud & Swiondon who have a terrible SVR at 6.79. LTV is currently 85%. I am worried that by the time the fix ends I will be priced out of a remortgage and stuck on the very high SVR. When rates startto go up again this will be very costly indeed. The…
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Refused Consent to Lease by Halifax
Hi Guys, First post!! First a little background - I was made redundant at the end of November after only a couple of weeks on the job market I got a couple of job offers (which in itself was quite impressive) one of which would require a relocation. This job was the better of the two and I decided that barring any…
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FTB - Please help!
Hi Eveyone In the current climate, what is the chance of me getting a joint mortgage with my boyfriend (who has an excellent credit score) when I have a satisfied default from 2004 on my credit score? I earn 17k he earns 26k and we have a 20k deposit, looking to buy somewhere for 140k. Since the default, I have not missed…
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ISA Savings Vs Offset Mortgage Savings
I currently have a fixed rate offset mortgage at 5.29% with 4 1/2 years left on the term. Given the current state of interest rates would it make more sense to take any ISA savings I have which are paying under 5.29% and put them in the linked-to-mortgage offset saving account. I Understand I'll loose the ISA tax free…
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To Go Fixed?
We have a mortgage of £135,000, over 32 years, and have the opportunity to fix at a rate of 5.04% for 5 years. Is this a good idea? I'm concerned that the rate may increase if we don't fix now...
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Standard Life Endowment Help Please
I've got a with profits endowment with SL, taken out in 1993 and due to mature in 2018. I shifted to a repayment mortgage a while back, so don't need the endowment to cover any part of it. However, I have continued to pay in to the endowment in the apparently forlorn hope of it being a better option than surrender, selling…
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Ftb
Hi Everyone, happy new year! If possible I would like some advise regarding obtaining a mortgage this year. My boyfriend and I currently live at home and have 12k in savings, and am hoping this will be more like 20k by the time we plan to buy our first flat/house in the Summer. However, I am really worried we will have…
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HSBC Question
Hi all I would like some advice please, i had an overdraft with HSBC which ended up about £16000 and a small loan of about £4000, The bank manager requested we tidy this up and requested his money back, obviously i didn't have that sort of money so he suggested a secured loan on the house of £20000 but he said i had to get…
