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Post Office Mortgages
Hi, The Post Office are currently offering good mortgage deals for first time buyers which I am considering. However; just how safe will this be? Is it covered by the UK Government like other mortgage lenders?
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Repayment mortgage interest calculation help needed
Hi, I've had my mortgage for a few months now, and I have been attempting to keep track of how much I owe on it. My documents state that interest is calculated daily (which I am sure is fairly standard) however does that mean that I will pay less interest if I make my payment on the first of the month rather than the 16th.…
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What happens if my endowment company goes bust?
I've just had my annual mortgage statement and am checking it. I've taken steps to make a prudent estimate of the likely shortfall on my two endowments and have converted this shortfall to a repayment basis. Given the current turmoil, does anyone know how I would stand if my endowment companies went under please?
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Advice on new mortgage please
I currently have a small mortgage of around £11,500 which I intend to pay off in full in the next 2 weeks. I am then looking to buy another additional house for us to live in and rent this current house out. The problem is that after paying off my mortgage I will only have a deposit of around £15,000 - £18,000 for my new…
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Further borrowing against C&G BTL mortgage
Hi I have a C&G btl mortgage on a seven year fix. It has just under two years to run. When I took it out I was working hard (I am self-employed) and my earnings and projected rental easily supported it. I would like to buy another btl property yielding more than 10% and to borrow further from C&G on this property to fund…
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2nd Legal Charge Offset Mortgage
Hello All, Does anyone know of any Offset lender who is willing to lend to someone who has a second legal charge on their property? Or am I just wishing... I would prefer to go with First Direct but I have 10k set against my mortgage, its 0% so I was reluctant to pay it off. Kind Regards. Richard.
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Repayment mortgages - how much equity will I have?
As a first time buyer about to complete, I've got my head around most of the terminology and procedures regarding mortgages. However, one question remains - if I remortgage before the 25 years is up (which I surely will when the banks ease their lending criteria a bit), how much equity will I have amassed? Given the…
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Mortgage help for someone stuck in the thick of it.
If any one can offer me some advice that would be super.... I bought a flat for £93,000 with a mortgage of £88,000 2 years ago. It was fixed at 4.9% interest only, and the payment is £380 per month, along with a whopping £160 service charge a month. Shortly after buying it I decided to move in with my OH, since then I have…
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interest rate on mortgage
hi currently have interest rate of 5.89% ends in 2010 i know its a year off but if things stay the same what will my rate be if its 2.5% above barcleys base rate
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Shall I Re Mortgage
CAN ANYONE HELP PLEASE - I ONLY HAVE A 20,000 MORTGAGE AND I KNOW YOU ARE ALL SAYING LUCKY YOU - BUT HUBBY HAS BEEN LAID OFF WORK FOR THE LAST 10 WEEKS AS HE IS PART OF VAUXHALLS IN ELLESMERE PORT AND WE ARE FINDING IT ALL DIFFICULT. WHEN I SPOKE TO A BROKER HE SAID HE WOULDNT TOUCH IT BECAUSE IT WASNT WORTH HIS WHILE. IS…
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Any 95% mortgages available?
I spoke to a broker today, just an informal chat as she was not whole of market, and she said no one was lending 95% at the moment. We are first time buyers. Is this correct?
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First time buyers - how to go?
Hi All Just after a bit of pre-emptive advice :) Myself and my girlfriend are looking to buy in the next 4-6 monthes after graduating from university. We both (hopefully ;) ) graduate in July and both have full time jobs to go to once this happens. We have approximately 20k as a deposit between us. We're planning on…
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is this a good deal with barclay's?
i need a morgage to cover some renovation work to my roof, i dont have a morgage on my home at the moment but need to raise £35,000 to cover repairs plus pay off an exsisting loan barclays are offering £34.000 + £995 fee over 10yrs 15 payments at a fixed rate of 3.79% at £350.83 a month then 105 payments at variable rate…
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Mortgage Express standard variable rate
Anyone know what their current standard variable rate is for residential ? Can't find it anywhere on the customer or intermediary website. Tried ringing them earlier, but could not get through. I thought it was about 4.8%, but i could be wrong . I have a client coming off a fixed rate, and i need to tell them what it will…
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Mortgage Reservation Fees
Sorry if this is repeating a previous thread (but I can't see one!) My Nationwide mortgage deal came to an end in November - so in October I originally decided to go on to their fixed rate. A £299 reservation fee was charged. Within the cooling-off period I decided to go on to their tracker rate (thank goodness), but on my…
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Dumb Q regarding deposit
Hi I have been looking around for a new mortgage as my current is not very good and the monthly payments are high I currently owe approx £100k (just under) anf my house is now worth about £150k+ (yes even in todays depressed market!) New mortgages seem to want a 25% deposit. Do i need physical cash for this or does the…
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Advice Needed! Self Employed Remortgaging
Any advice much appreciated. My husband has been self employed since 2006. He has one years accounts 06-07 (07/08 in just now for completion). In May 2007 we took a 2 year fixed deal self cert with Northern Rock. At the time we had 25% deposit. The completion date for the mortgage was 31st Nov 2007. Today I receive a…
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A bit of advice needed
Hi all just wondering if any of you could help me. I currently own a 30% share in a shared ownership 2 bedroom flat where I live by myself and bought November 2007 before the property market went downhill. I met my partner over a year ago who owns his own property with help and a large deposit from his parents. It's come…
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Higher Lending Charge - Charged twice
When we first took out a mortgage in Jan 05 we were charged a HLC because we only paid 3% deposit, we added this charge onto our mortgage. With in the key facts of this mortgage it states it is portable - Does this mean that what we have already paid on this we dont have to pay again? We decided to move to a bigger house…
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tax on endowment question
Hi I would appreciate any help please. I have today received notice of my maturing endowment policy from scottish/amicable prudential after 25 years!!!! In November they said it would be £28,500 now its down to £26,500. I rang and they said it was because of the state of the markets but £2,000 down in just over a month is…
