-
mortgage advice for first time buyer
my daughter is looking for a mortgage circa 58-60k ,she is a first time buyer with 10% deposit......she banks with Barclays,and saves with Natwest ,can anyone give advise on lenders and what rate she is likely to pay,she has done mortgage calculations on 5.5% rate . should she see an advisor to get best deal or go to the…
-
desperate for some mortgage advice.
Hi guys i have put a bid in on a house as i thought a mortgage wouldnt be a problem, and have taken ona financial advisor to take care of the mortgage application etc. However the financial advisor has tried with both abbey and nationwide and they have both refused and we have no idea why... I earn 27k year and i have a…
-
buy to let mortgage
I have a buy to let mortgage which is interest only for 2 years and the 2 years are up in Dec this year, Due to the interest rate cuts we now pay £81.00 per month this has halved recently from £174.00. I would apperciated some advice on what to change to in Dec when the interest only runs out please.:confused: :confused:
-
How long should we fix for?
We're borrowing another £30k on our mortgage and have been offered the following fixed rates 3.99% for 2 years 4.49% for 3 years 4.99% for 5 years The rest of our mortgage (£220,000) is on a BofE tracker plus .99% so 1.49% at the mo. I know the payments on the £30k won't vary much as it's a small amount - I'm more…
-
longer than 5
there has been a lot of talk of 5year fix deals on here but not alot of talk of deals of longer than 5years was just wondering what peoples thoughts are and what are the best deals for longer than 5years
-
Work being done affect mortgage
Hi all, I am a first time buyer and have found a property and agreed a mortgage in pronciple with A&L (3.99% 5 year one). We have instructed lawyers etc and valuation has been carried out by A&L. The vendor is in the process of doing some work to the place (work we agree with) and he is worried our mortgage company may…
-
Redundant - take holiday payment before insurance kicks in?
My dear mortgage yoda's - the wise one's ... I'm after some advice please On Monday I was made redundant; well my official date is next monday, I am on the weeks notice currently. I do have mortgage insurance however this has a 60 day excess - so will not kick in for a couple of months. Despite not working there very long…
-
Huge differences in Mortgage Valuation results
Hi all I'm new to the forums so apols for any mistakes.... We are trying to remortgage at the moment, applied for an 80% LTV mortgage but the proprty valuation came in at 150K (which would be 85% LTV). We then applied for an 85% LTV mortgage and had nother valuation carried out 2 and a half weeks later and it came in at…
-
Mortgage advisor needed - first time buyer
Hello All I'm looking for a mortgage advisor. My current status is that I am a first time buyer, with a good deposit and credit rating. I live and work in London. I'm unsure where to start and would like to start to find a suitable mortgage for myself, as I'm a freelancer and have been told that it is harder for us to get…
-
Small mortagage & some questions
Partner and I are thinking of finally buying a house. 70% deposit 30% mortgage the tricky bit. Partner employed. I am not. Partner should be eligible for the mortgage on his own. Should my name be on the mortgage papers as well, even if I am not employed or is there no need? Is it possible to have my name on there even if…
-
Mortgage advice needed - re abroad
Hi all, I have half purchased a property in Cape Verde ( company is all above board) and am now looking for a mortgage for the other 50%. Which the rent should cover? I have chosen the guaranteed rental scheme with the developer i.e. 52 weeks, which is less money but have only committed for a year to this . I was wondering…
-
Mortgage deficit/shortfall - who gets paid first?
I am trying to sell my house at the moment and since I have reduced the price to 165K and my mortgage is 163K I was wondering, after all the fee's (roughly 10K - EA 3.5K, solicitor 1.5K and early redemption fee 5K) are subtracted, who gets paid first and how do I go about paying the rest? Thanks in advance, Si.
-
ge money
i remortgaged and i am struggling to pay the £750 a month which is the interest only as agreed by ge money. if i want to switch to a cheaper lender before june 2009 i have to pay over £6000. surely this should not be allowed.:confused:
-
Remortgaging : am I stuffed here?
I've got a 74,000 mortgage on a house that's worth 350. The three year discount has come to an end, and I'm now happily on C+G's SVR at just 2.5%. So far, so good. They gambled, I've won. Three years ago, nobody expected the SVR to be this low. Now I want to borrow an extra 60 for an extension. C+G realize that they've got…
-
Offset Mortgage _advice please!
Hi all I have an offset mortgage and am in a situation where the balance of the mortgage is the same as my savings. Up until recently I thought this was a good thing as I was not paying any interest but now with the rate so low is there a better option? Also as the months go by my savings will now be greater than the…
-
Switching Nationwide mortgage
Hi I have a fixed rate mortgage with the Nationwide (sadly its at 5.44%) and called them yesterday about the possibility of buying out of it and switching to their base rate (2.5% from 1st April) - unbelievably they told me that if I paid my way out of the fixed rate then the Nationwide would not offer me another product -…
-
will i get a mortgage?
hi, i am thinking of buying a home that is on the new build homebuy scheme. basically, i buy 35%, and rent the "rest" back (based on a % of what i don't own), and can "top up" to a higher % as i can afford to. i need a mortgage of about 15-20k. Trouble is - im 19, self employed (and this april will be only my second year),…
-
Morgage Criteria
Hi all Ok I'm a FTB and need some advice. I have a 15% deposit and looking at getting a morgage. I just need to know what is the criteria for getting a morgage? Do you have to have a credit card in order to get a morgage? Also my partner only has a building society is that going to be a problem? He has a Nationwide cash…
-
Consent to lease - Abbey
Has anyone had any issues with trying to get a consent to lease with Abbey? I'm looking to rent my flat out for about 8-12 months. I have approximately 91k left to pay on a flat which is worth around 100k on a SVR mortgage. I'm hoping that Abbey aren't going to be !!!!!! about it and charge some ridiculous rate. I'm…
-
remortgage help
i have a mortgage with london scottish who have gone into liquidation,the house is pre fabricated (waites) so no high street banks offer a mortgage on these,the rate as come down from nearly 12 to 6.6% in the last couple of months does anybody of any other adverse lenders with a better rate than this thanks in advance
