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self employed mortgage advice
Hi all Wondering if one of you knowledgable mortgage advisors could give me some clue as to where I stand in applying for a new mortgage. Me and partner currently have a house/mortgage but we're looking to move out of the area. We don't really have the intention of selling, but instead rent out our current place and buy…
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Endowement guaranteed sum assured
Hi, I have two 25 year scottish provident endowment policies. I am right in thinking that they must pay out as a minimum the Guaranteed sum assured and any past declared bonuses? I am not expecting any further bonuses but perhaps a small terminal bonus but would wait four years until maturity if i knew i could rely on this.
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fixed deal
I currently have a fixed deal morgage for 4.49% with C&G, which is due to end June, will I then go on to their svr rate,and if so does anyone know their current svr rate.? Please can anyone advise ,thanks
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Selling a house within the fixed Rate term
Hello, I need to sell my flat in the next few months as i am moving abroad. I will be selling, repaying the mortgage and putting any money left over ( if any!) into a savings account whilst i am abroad. I am on a 2 year fixed rate until Jan 2010. I was wondering if there was any way to not pay the penalty charge. Are…
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Redundancy - Can we move to Interest Only - Platform Mortgages
Hi All!! Just looking for a bit of advice and reassurance! My hubby and I have a mortgage with Platform Mortgages, its a 2 year fxed rate and the deal comes to an end this October. We are also on a DMP with CCCS and have a CCCJ (second charge) with Northern Rock. We have never defaulted on our mortgage, our payments to…
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endownments
We require to sell our endownment as we are emmigrating to austraila in a few months. Can anyone suggest where we would get the best return other than the company we bought the endownment from. Has been on track for the last eleven years, wuth profits and has 14 years left.
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Split from partner, looking for transfer of deeds
Split up recently, jointly own mortgaged property and looking to have her name removed from mortgage. Halifax are happy to do this but will charge £160.00 fee before any solicitors fee's. Starting to sound expensive.... Can anyone tell me what I would need solicitors to do for me and rough cost/time of this (to remove her…
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Cyprus Mortgage/Nationwide Tracker
We have a Nationwide Tracker which is due to be renewed in Oct. We will then owe £54k over 10yrs on a house valued at £195k. We also have a 'Swiss Franc' Mortgage in Cyprus for £80k(GBP) for which we have yet to start paying. 1st monthly instalment due June 09. This mortgage works like this, 1st 5yrs interest only. Yrs 6…
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endownment selling
we have an endownment for eleven years, and still has 14 yearrs to run, and is running on track.As we are about to emmigrate to austraila in the next few months. We have been told that it is better to sell our endownment, but not to the company we hold it with. Have you any advice on getting the best deal for our…
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Bit of advise please
Heres our situation at the moment Current Lender Mortgage Express Total Outstanding £69K (41K Interest Only & 28K repayment) Fixed Rate Self Cert @ 6.49% - 18 months left on 3 yr deal House Value of approx £140K I'm self employed (reasonable accounts for 3 years) and OH earns £21K Had letter from ME telling us they will…
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FTB-Taking the plunge... eeeek
Ok, so been telling myself that if I get a decent bonus this year then I would take the plunge, move out of my parents and buy my first home. I'm looking for some much needed reassurance and any advice going please. Here is my situation: Saved £18000, probably use £14500 of it for a deposit and rest on the various fees…
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Help needed with Spanish mortgage
3 years ago I bought a flat in Spain with my partner. Since then the mortgage seems to have gone up every month and we are currently paying €1200 every month. This is becoming VERY difficult as we both now live in UK and have to send money every month. I was wondering are there any banks in UK that will transfer a spanish…
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Advice please -messy situation
Hello, Im after a bit of advice for a friend in need. He has recently divorced his ex wife. They have been living seperately for over a year with her living in the house the both owned. During this time my friend has been paying half of the mortgage. The divorce has now been finalised and she has sent him a letter saying…
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Fixed Term Employment Contract - Mortgage Likelihood?
Hi, my boyfriend and I are looking to buy our first home and have been waiting until I graduate as a psychiatric nurse which I did in December. I'm now working as a psych nurse on a fixed term 6 month contract but this could be renewed towards the end. My boyfriend has been in the same job for 6 years and gets good bonuses…
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how do mortgage companys calculate affordability?
Hi there, any help or advice would be gratefully received. I am looking at a mortgage probably with Abbey, fixed rate of 3yrs at 4.19%. mortgage is for £109,125 my dilema on this is whether to pay over 25yrs or less, monthly figures would be as follows: 25yrs £590, 20yrs £675, 18yrs £723 or 15yrs £821 per month. my monthly…
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Making a Claim under MPPI Cover
Hi Folks Forgive my ignorance if my application leaves something to be desired? But I have a question to ask. I have been out of work for quite some time now and whilst I have had the time, I have been looking through my papers. I have discovered that I actually have an MPPI policy. Paid by means of a one-off payment up…
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FTB - What could we potentially borrow?
I thought it may be interesting to ask people their opinions on what kind of money I could potentially borrow at most and what monthly repayments would be like on that amount with normal repayments and for example a 5% fixed rate. I am 22 years old and in full time employment. I earn £21,500 basic with £10,000+ a year…
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Mortgages for people with bad credit - even with a 30% deposit???
Hi all, I wonder if anyone can help me with a matter thats really bugging me! :confused: I admit...i havent got a good credit rating for various reasons which is slowly building itself back up now, but i am now ready to take the step on the dreaded property ladder!:j Unfortantely, i have tried previously to gain a mortgage…
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Endowment sell ?
I have a endowment with axa for 10 years now and need to raise cash, its with profits and surrender value approx £8300 looked at selling on but no one seems to be interested why ? can i take out loan secured on endowment if so who with, any advise appreciated thanks, is partly linked to mortgage so if surrender payments go…
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Do I take the 2 yr fixed rate or go onto Base Rate + 1%??? Help
Hi there. My mortgage is currently at 90k, with my house being worth around 115k. I have been on a 5.9% fixed rate but that comes to an end in April. Then, I will be paying the current BofE base rate plus 1%, so 2% if it stays how it is. I have been quoted that my payments will be going down from £600 to £405, saving a…
