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Mortgages and benefits in 2009
Although self-employed my business is struggling and I receive a variety of benefits. We are currently live in rented accommodation with a young baby and four year old, and have two month's notice to leave, as the landlady wants to move back in, despite wanting to be here for a number of years. We don't want this to keep…
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Agree In Principal - Now Waiting!!!
Hi, Im hoping some of the knowledgeable people on here can offer us some advice. The property we have had an offer accepted on is £122,000, With us putting down £19,000 means we have had a mortgage agreed in principle with the Abbey for £104,000. My partner earns £21,000 of which £6000 is tax credits as we have 2 young…
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Interest only
I bet you guy's are loving it atm............ Luke
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Self Cert mortgage with RBS
has anyone gone with the Royal Bank of Scotland for a self cert Mortgage? Could anyone give me more information on self cert Basicaly, I am a childminder and my self assessments dont show a high profit/income so I dont want to be showing them. I have also taken on more work since Jan 09 so my income has doubled since last…
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Mortgage for the Self Employed
Hi, I am looking for some advice/guidance on applying for a mortgage on a self employed basis. I am a director of a company which I established in 2007. I already have 1 year of audited accounts and will have year 2 after August 2009. Can anyone help regards the best lender to approach for self employed mortgages? I know…
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Mortgage broker loses misselling case!
http://www.guardian.co.uk/money/2009/mar/22/repossessions-mortgages Is this the beginning of another financial services misselling scandal and will claims will be extended to people who were given poor mortgage deals? http://www.timesonline.co.uk/tol/money/property_and_mortgages/article5775156.ece
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are we getting the money or not!!!!!
hi basically we are having extension done and asked our existing mortgage company(halifax ) before xmas and after if we could borrow 20k on top of our current mortgage (40k) they said yes no problem. 3weeks ago when we rang to get money they said we wasnt allowed it:eek: (devastated as builder starting in april)so we went…
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First Direct Mortgage Question (or Offset vs Tracker)
Hi, I am looking at a First Direct mortgage as we need to take a mortgage out for our new property, a substantial part of which will be repaid when we sell our old property. First Direct seem to offer good rates with no tie-in and allow overpayments, which fits the bill nicely. They have two products of interest: Offset…
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Advice on what to do - 2
Hi guys - apologies if you have read this in the house buying section - I didn't quite know the best place and someone hinted that I could try here. Looking for advice and opinions – sorry it’s a long post and I REALLY do appreciate you reading it! Before Christmas I spotted a house for sale that looked like a good…
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Confused about mortgage...
Hi, was looking for some advice about mortgages, I'm a bit confused and not sure how it all works. At the moment I have an interest only mortgage, when i took it out it was fixed rate. Now the period it was fixed for is over. I have spoken to the mortgage advisor I used the last time and he says that there are no deals for…
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Ownhome
Hi i am looking at buying a first house with my girlfriend. I am currently a postgrad architecture student and have 1 year left at uni, my girlfriend is self employed and owns a business. I have come accross the ownhome scheme by the cooperative which is backed by the government. Has anyone any views on this product, ie…
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Taking out a Personal Loan to bump up LTV
We am nearing the end of a 5 year fixed rate and are now considering moving house into a better schools catchment area. We have sought Mortgage advice today and once fees are taken from the equity within our house we only have £12,000 to put down as a deposit. This would mean we could only buy a property for £120,000 which…
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hi
i have an endowment morgage for the past 17 yrs so there is 8 yrs to go, i split with my partner several yrs ago but i still live in the house, i am now on income support of £63 a week,my endowment is £80 a month, i was paid compenation for the endowment but have used this to carry on paying it, its crippling me an i can…
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Mortgage lender valuation - what level are they at now?
Hi -- a quick question. Are lenders valuing houses at, say, 04 /05 levels when they do their mortgage valuation? I mean, is there any point making an offer too much beyond 04/05 levels if the lenders survey will just say its worth less? Or, since they want 15% deposit, do they still not really try to value houses…
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Norwich Union - Unbelievable
Hi Guyz Ive just had a conversation with Norwich union regarding my old mums endownment policy it matures on April the 10th, She took it out in 1992 to cover £23,500 mortgage. I have spoken to them 4 times since xmas, here goes On December 29th I spoke to them they gave me a surrender value of £19,366 which was confirmed…
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Help needed with the 'oneaccount.com'
I am looking for a new mortgage and are considering the one account.com for my mortgage and current account. I am hoping that someone will be able to offer me a little bit of advice, here is my situation: Mortgage Value 80,000 House Value 190,000 Term Left 18 Yrs Savings 15,000 I have been told that my payments would be…
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Lump sum - do I pay it off mortgage or remortgage??
I currently have a £115000 mortgage at a fixed rate of 5.98% on my property. I have 14 months left on the fixed rate term but have decided to sell. I’m buying a property for less than I’m selling so I should have about £50000 equity at the end of my transaction and I’m unsure of what to do. Do I a) Pay the £50,000 lump sum…
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Mis-sold endownment claim time barred?
Hello I wonder if anyone can help? I believe I was mis-sold an endownment with a projected 6% future accruing to £20,000. Mail received this morning advises with the same 6% projection the shortfall will be £8,157. Sometime ago, Dec 2003, i wrote to the company who I believed had mis-sold me the policy and thei response…
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Buying over Renting?
Hi, Firstly I am not entirely sure if me and my girlfriend will be able to buy a flat/house as we are both pretty fresh out of uni and still clearing off our overdraughts, and we're quite careless with going over-over drawn during our university lives. Basically we have been told for a flat we live in we would be paying…
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Countrywide
Anyone any feedback on this company? The Estate Agent is recommending them so any info would be appreciated. Thanks.
