-
mortgage or isa
I think this is the right thing to do here goes: isa savings are 14k repayment mortage fixed 10yrs 7yrs left to run at 5.28%,total years left 18 its a mortgage which a reserve pot facility as you pay ur mortgage you can use the reserve pot if you need too at mortgage rate( i never have!! currently at 16k if i need to use…
-
The Dream Start 'Deposit'
On schemes such as the Barratt 'Dream Start' 75/25, do many mortgage lenders actually see the 25% as a deposit or do you have to use a specialist or the one specifically recommended by them? does anyone have any experience of using HSBC with this offer? Thanks!
-
Tipe for how to get a mortgage for my 65 year old father-in-law
Hello folks, I'm looking for some sage advice. My in-laws want and need to move house. They paid off their mortgage years ago but the sale of their house will not provide what they need to buy the house they wish to buy. So they need to raise approximately £35K. My father-in-law is 65, isn't in the greatest of health, and…
-
Why didn't I max out my offset?
Hi, I'm about to think about moving to another house, and we can transfer our current mortgage @ 0.79% above BR to this house. Sounds good eh? But I only took this mortgage out last Nov 08, and only for the remaining of our current mortgage of £60k. - now if I had taken out the maximum for my wage they would let me, more…
-
Nationwide - calculating property value?
Our fantastic mortgage rate is coming to an end later this year and we already have one mortgage that is on the standard variable rate with Nationwide that I am keeping an eye out for a good deal on. Can anyone tell me what Nationwide use to calculate the property value when calculating your loan to value? I know they have…
-
Bristol and West First Start / Title Deeds??
Hi! I think I may have made a mistake when originally signing up for the first start mortgage offered from Bristol and West. The joint party being my Mother. I am now in a position to start overpaying on the mortgage, whilst waiting for a good fixed rate to come my way. My house purchase was on the 30th March 2007, and my…
-
Depressed - stuck with my PRUDENT fixed rate mortgage!
Is anyone else as depressed as me. In a rising market back in 2007, I came off my last fixed rate at 4.5% on to a five year fixed at 5.3%. Alas, colleagues at work are enjoying abismally low mortgage repayments based on taking the riskier trackers. Who's risk has paid off now then! Some £500 a month better off on a £1200…
-
Question for the Advisors, please
Hi, During my recent studies I developed models to analyse loans, among other financial products. I found this really interesting (sad, I know) and it got me thinking that I may like to turn my career in the direction of providing a service to people who want advice about the best way of financing a purchase. I don't want…
-
Change to mortgage T&Cs
Northern Rock have changed their borrowback terms and conditions. Before, if you paid by cash, electronic transfer, debit card, cheque, you could simply phone up and ask for any overpaid funds to be sent electronically to your bank account. Now, you are required to make the request in writing, with the signatures of both…
-
The Cost Of Solicitors Fees?
Being new to the property ladder i am still trying to find my feet. After getting my mortgage accpeted in principal and paying out for a valuation fee i am now looking at solicitor fees. The mortgage is with the post office and after speaking to a advisor from there today they I have to use one of theres selected from a…
-
Ucb Loans Mortgage Rock And Hard Place
Hi there, I wonder if anyone can offer any advice on the folling posting: Here are the details of my current situation. 18 months ago when I was self employed and without proof of income, I purchased a house with a mortgage from UCB Loans on a Self Certified light advers credit basis. The interest rate was a bit high but I…
-
Need to change mortgage ?
Hoping anyone can help me with this? have a mortgage with C&G fixed repayment till 2014 .Will have a reduction in income over next couple of months . I was wondering would i be able to change to a interest only mortgage or get a longer term mortgage. CQ
-
Do I have enough spare cash for a variable rate?
I am just coming to the end of my fixed rate deal. I can afford to pay up to £800 per month for my mortgage. I have been offered a variable rate mortgage for 23 years and 6 months and would pay £700 per month at the current rate. I could extend my term again at any time for a charge of £25. I have also been offered various…
-
Locked into abuy to let
We have a buy to let mortgage with Northern Rock, interest only, fixed rate of 6.9% :eek: and are locked in until October. We have been living at the property since April 2008 and it is our only property. My wife has been out of work since October last year and we are struggling, we would like very much to get out of the…
-
mortgage advice please A+L
Hi people ,i am going to apply for a alliance and leicester 3.99% fix for 5 years, does anyone know if tax credits and family allowance is classed as income ? also i work for my own ltd company with my buisness partner on a 60 40 basis do they need to see company bank staements or personal statements or other to show…
-
Mis-sold endowment - can anyone suggest what to do next please
I wonder if anyone gave give me any advice on the following. I believe my husband and I were mis-sold an endowment mortgage in 1995 by a IFA and have a letter from him stating that ‘we have recommended this product to fulfil your expressed priority requirement for a lump sum to repay your mortgage on death or maturity. We…
-
Equity Transfer
My husband and I are separating I am goiing to buy the house from him with my partner. I have seen a mortgage advisor to see what mortgage we can get which comes out pretty good. I need to get another mortgage quote so now have to go to my current lender to discuss Equity transfer to see if it will be better to stick with…
-
Best Mortgage for First-Time Buyer with large deposit?
Hi, My girlfriend and I are looking to use the sale of an inherited property to fund the purchase of our first house. The inherited place should sell for around 110k and we are looking at places up to 200k. Could anyone tell us where we should go for the best mortgage/advice?! Thanks a lot in advance!
-
Will Paying Less Mortgage Every Month Affect Her Credit Rating?
I have a friend who contacted the CCCS last week and they have helped her sort her finances out. Last month she was only able to pay half her mortgage and the CCCS have told her that if the mortgage company agrees she can continue to pay just half her mortgage payment every month in the future and it won't affect her…
-
Historical Interest Rates
Heres a little something for you :- http://www.houseweb.co.uk/house/market/graph.html I dont know how accurate this is but it looks ok at first glance and shows a drop from 5.25% in Feb 2008 to 1% in Feb 2009. Did anybody forcast this? Click on View Base Rate Data for more info.
