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mortgage advise
Looking for some advice, I am 25 and recently applied for a mortgage with my partner to both HBOS and Nationwide and unfortunately was rejected. I applied for £83,000 on a shared equity with the builders making up the other 25%.I am a primary teacher with a salary of 28,000 and my boyfriend has a salary of 17,000. I had…
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Is there an endowment tipping point ?
I'm talking generally here, not company specific. I've got 5 years to go on mine, and my gut instinct now is to keep it and keep my fingers crossed. However, if it had much longer to go, say 7-8+ years, I'd be surrendering. I'm no expert, but that's just how it seems to me. Is there some sort of unofficial tipping point…
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Help please - Extending endowment.
Hi, I have 3 endowments which are all due to mature next year. I have made a claim and won against mis-selling and so no problems there. I have sold the property that I took the endowments out on, so dont need the money just yet. Is it possible to extend the endowments for a few more years (3 - 5) and see if the stock…
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FTB - Applications
I hope someone can help me out (please!). First a bit of info on my situation: I am a FTB who has had an offer on a house accepted for £140000. I have a deposit of £35000 available for a mortgage (25% LTV.....obviously!), I am permanently employed as a Systems Analyst within a local council, have no debt (other than a…
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Uncoupling Interest only portion on Mortgage
I have a repayment mortgage, part though is interest only endowment tied to a plan that wont make the required final amount. This coupling stops me reducing mortgage term. I have enough money to cover the endowment portionk, should I now pay this off and separate the endowment or keep the cash in a mini ISA?
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i dont know who to talk to about this problem
Ive been having a problem getting a mortgage over the last few days, i have been refused a mortgage by Nationwide and i went to an independant mortgage advisor to apply. im desperate to buy the property i have seen for 80k and have a 15% deposit. im 23 living with parents and earn 22000 per year. I was advised to check my…
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Mortgage Offer
Can anyone tell me how long mortgage offers usually last for? Clydesdale bank's only lasts for 90 days but I'm buying a new build that's not due to be ready until June/July. They said they will extend it if the house isn't complete by the end of June but won't give me this in writing. Thanks!
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Splitting up - mortgage repayments
Help! I am splitting up with my partner. House is up for sale and I am wanting to pay my half of the mortgage repayments direct to Northern rock but they say if my partner doesn't pay his half (which he is threatening me with) any arrears are still joint debts. Is there any way round this? It doesn't seem fair and it could…
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Best Thing for me
Hi All, OK so this is my situation. i am currently on a graduate scheme. i earn 18000pa with regular pay rises in the first year. starting november ill be on 22,000. my earning potential from then on should go up quite rapidly i have about 4k saved so far. i would like to buy my own place as soon as possible as i cant live…
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Housing Association / Shared Ownership
Is there anything on here that gives a simplified explanation of how these schemes work? I've tried looking it up on the internet, and nothing makes sense. I believ this is the only way I'd be able to afford a mortgage of my own - but I just don't understand it fully. :confused: Can anyone help? Thanks
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Mortgage Declined...
A bit of a saga really but was after some advice please. I seen a house i liked that needed some work doing to it so i made a offer which got accpeted. I applied for a mortgage on my own using a mortgage broker. It was a 90% LTV on 115k. I earn just over 25k a year and live at home with the parents im 27 and in no debt…
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Remortgage
Hello, i am currently on a fixed rate mortgage with the halifax at 5.69%. The fixed rate runs out in june 2010. I am looking to remortgage to get a better rate, Could anyone give me some advice on who is offering the best deals. There will be a penalty charge on my halifax mortgage but in the long term i think i will save…
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Northern Rock
Did they pass on the most recent rate cut? Cant find details? also why do they normally takes ages to make a decision?
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HomeBuy Direct, what affect on the LTV?
I'm trying to get my LTV down to 65% and am wondering if HomeBuy Direct will bring down the LTV down. As i'm a first time buyer HomeBuy will pay 30% of the mortgage as a deposit, which then i have ten years interest free to pay it back. Anyone know if this will have any affect on the LTV? and has any one done this? Thanks
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Web Address for Nationwide Switcher?
Hello I want to switch my Nationwide Mortage using their online tool. Has anyone got the address? I remember it being something like switch.nationwide.co.uk but it doesn't work. Thank you!!!
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Buy to let
A couple of years ago, I got a buy to let mortgage for a property which I thought would need a lick of paint, and be ready to rent out. It turned out that it needed far more then that. Anyway, a couple oif years down the line, it's had anew roof, and while we were at it, an extension.... and a new bathroom, kitchen etc.,…
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Mortgage On Existing House
Hi There, I dont currently have a Mortgage on the House i live in. The House is valued at around £90,000. I have combined Credit Card/ Loan Debts of around £25,000 which are currently costing me close on £600 per month. However my income is not as high as it once was, and is currently around £18,500 pa gross. Would it be…
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Abbey AIP
Hi, Just looking for a bit of info if anybody can help. Have had an AIP from Abbey via London and Country for a remortgage for £120000, house is worth £180000 (hopefully!), there was some Adverse credit on our files but all cleared and a couple of years old, so the broker recommended a 3 year 4.7% fix with the Abbey...…
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Redemption Penalties
Hi, A very quick question? When we took out our mortgage deal on fixed rate before the crises we were not told that should we sell our property that we would be fined in lost interest :confused: ? We have just received the new statement and someone had said before that a figure for redemption is always put on mortgage…
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Cash in endowment?
I have a with profits endowment with 9 years left to pay 60 a month. It has lost 2k in the last year through lost bonus. I have an off set mortgage where I can over pay and also use savings to save on interest. The endowment is way behind target even though its now not linked to my morgage I kept it going as a form of…
