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Re-mortgaging advice
Hi I was wondering if people could help me here. My fixed rate with the alliance and leicester is finishing soon and I was hoping to re-mortgage. Their current SVR as it stands is 5.1%. I have some savings I can offset, so I was thinking first direct which has a SVR below A&L so it would benefit me anyway. My question is…
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Mortgage Calculation Query
Hello, I am looking to move house and take out a new mortgage. However, I can't work out which mortgage will be better for me. I am looking to take out at a mortgage with C&G , but there are two options I am interested in. Option 1 - 5.69% - £995 product fee Option 2 - 6.19% - £0 product fee Both would be a two year fixed…
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Potential Downside to Paying off the Mortgage
I am in the fortunate position of being able to pay off my mortgage. I have just come to the end of a fixed rate deal, so early redemption penalties no longer apply. I have c. £40K left on my mortgage and a bit more than that in savings accounts paying very little. It sounds like a no-brainer, but someone I spoke to…
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how much
we have got a house currently for sale i have spoke to the bank and their valuation is 150,000 pound. Now we owe about 50,000 pound mortgage and i phoned them up today and they have told me i can rent it out for up to 3 years on the current mortgage deal. rental income will be 600-650 pound a month which will easily cover…
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Advice required for my parents
Hi there i am looking for some advise for my parents who have a mortgage (Fixed rate ) coming to an end on feb 28 09. they are currently on 6.45% with Halifax. Details:- Home value £155000 Motgage remaining £13,592 over 6 yrs currently paying £285.00 per month roughly. they are looking to increase the borrowing to pay for…
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Sold House - Now How do I Clear the Loss I've Made?!
Hi All, I've recently (fingers crossed - all going well) sold my house. Unsurprisingly, I've made a loss on it which needs to be settled.... a £10k loss to be exact. Me and my partner are splitting the loss 50:50 and we were initially hoping the bank would simply transfer this £10k from the mortgage to an unsecure loan...…
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Porting 100% Mortgage
Hi, we're thinking of relocating up North in the next year or so. We bought our house 18months ago on a 100% mortgage and have a repayment mortgage. Does anyone know if it would be possible to port the 100% aspect of the mortgage as we don't have a deposit or will the lender take one look and think no chance. we have an…
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5% Mortgage First Time Buyer
Hello everyone, Im looking for some advise hoping someone can help me! Sorry now if I confuse you! My boyfriend and I are looking to buy a house at some point this year. As im sure your all aware there is no stamp duty on properties under 175k if you buy before Sept. We were planning to save a 10 percent deposit then some…
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Prudential Endowments Cash Or Keep?
I would be grateful for advice on whether to cash in or keep the following policies bought directly from the Pru. To cover a mortgage of £63000.00 Herewith details from my last statement of March 2008 Policy 1 is to cover £53000 and is due to mature Feb 2011 Sum assured as at 17/03/2008 £22260.00 Plus previous bonuses…
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Interest Only or Capital
Hi I have a friend who has a £70K mortagage on cap and interest for 30yrs , she had it 2 yrs so far. Now she is alone and has no means for extra payment and in the next 5 years. If she stays single it loks like she will see out the whole term of the mortgage to pay it off. If she finds a partner (say in 5 yrs) then it's…
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Offset mortgages
Hi money savers, This is my first post so please be kind I have just had an offer accepted on a house I have been watching for a while, its a repo had it 20k under asking price and it was already 40k cheaper than what it sold for in 2005 so I am ecstatic:j. However, moving on to mortgages the best I can find is a 2 year…
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My chances of getting a mortgage? Please help!
Hi, I am 25-years-old with an annual income of 25,000. I want to get a mortgage but my credit rating is pretty bad to be honest. What are my chances of getting a joint mortgage with my partner (her salary is 19,000, age 28) in the current climate? We don't have any money to put down as a deposit. I know it's a long shot…
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Partner walked out and now I am getting Court Paperwork from Prepossed car - help
Ops wrong place - sorry
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Job at Risk of Redundancy - can I still apply for a Mortgage?
Hi My firm announced yesterday that they making redundancies and are now in the consultation phase. My job is one that is possibly at risk. The problem I have is that we are halfway through selling our house, and have found a house that we want. Can I still apply for a mortgage even though I know that my job is potentially…
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Advice needed BTL
Hi all, Just need some advice, would really appreciate anything you can offer. In August 2007 myself and my partner bought and moved into a house - after lots of issues and a bit of heartache we moved out as it just wanted right and rented it out. Our two year fixed is up in August and I am not sure whether we now have to…
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Future Mortgages Gone Bust - Help Needed
Hi, I took out a 100% mortgage almost 2 years ago with Future mortgages (I think they lend to people with less than great credit). Anyway, they have now gone bust and are no longer doing anything with any mortgages. They are now part of Citi. My problem is that in June my 2 years fixed term is up and I will then go to…
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Future Mortgages Gone Bust - Help Needed
Hi, I took out a 100% mortgage almost 2 years ago with Future mortgages (I think they lend to people with less than great credit). Anyway, they have now gone bust and are no longer doing anything with any mortgages. They are now part of Citi. My problem is that in June my 2 years fixed term is up and I will then go to…
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Got the 100% mortgage, low income, new baby born , please advise
Hello Everyone, I know perhaps there is a similar thread like mine, but I would be pleased if someone could direct with my situation, We are young family, got 1 year old baby, took a mortgage june 2007, that was a 100% mortgage, property is east London, Stratford, One bed flat. Me and my partner earn about 17-18k a year…
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To cash in or not, that is the question.
Hi I'd like a bit of advise please. I have an endowment policy, with Standard Life, due to end in September 09 (after achieving the grand age of 65). The surrender value, to date is £12,900. Its only a small policy started in 1984, the premiums are £21.35 per month. I'm wondering whether to let it run its course or cash it…
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B2L or std mortgage and ask for permission to let ?
I'd appreciate some advice, my partner is looking at selling her house, and then buying somewhere else, and then possibly to let. would it be better to get a standard mortgage (this will be her only property) or got down the std B2L route ? also are these figures ok ? property value 180k deposit 50k rental income 800pcm…
