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100% Mortgage problem
Hi, we are currently looking at a property to purchase & renovate which we could get for the same amount as our current mortgage (150k). Our current mortgage provider (RBS) do not have any 100% mortgages so we would there fore have to find a 10% deposit to put down, but this would take a massive chunk out of the equity we…
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Principality fixed rate mortgage defer question.
I have just applied on line for a 4 year fixed Principality mortgage fees of £999 rate 3.99%. They have not asked for a start date apart from when in the month would i like my mortgage taken. Supposing i get accepted does any one know how long after i pay my £999 fee can i defer the mortgage for. I am currently on a lower…
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At the end of my fixed rate, What should I do?
I am currently on a 3 year intrest only fixed rate paying £949 per month. At the end of this month it changes to a repayment mortgage and the interest rate drops to 1.5% tracker at 1% above base. Meaning I will be paying £838 per month repayment. I have been contacted by the bank asking I I want to fix the rate for another…
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Can you get a mortgage on a temporary contract?
My husband is the sole wage-earner in our house at the mo as I am at home with 2 children and he has just started a new job as a civil servant. He has been there a month and is on a one-year contract for now. We own our current home with no mortgage but would like to move in the next year or so and have a mortgage again…
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Quick what would you do question?
We currently have a mortgage with Bank of Scotland and over the past few months we're now paying abut £700 less a month interest. However we're on an interest only mortgage because my husband changed his job to one that paid less so we were waiting for him to get a pay rise. It was very tight last year and we really…
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Pay our way out of mortgage or stay put?
I know hardly anything about mortgages and how they work, best advice needed! We are 3 years into a 5 year fixed rate deal with Northern Rock. It was a 100% deal and a unsecured part on top of around 2.5%. When we got it we were told that when we wanted to move we would simply "port" the mortgage to a new propoerty and it…
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first time buyer
hello, some of the experts on here will either help out, or shun what im about to ask, but either way, please take it easy on me! i know very little about mortages, and this is why i havnt even been to a bank and made any enquiry about one. im 22, full time working and in a secure job with a good salary. i have heard about…
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Mercantile Equity Mortgage Lead Company - IN ADMINISTRATION?
Hi Everyone, I know posters have mentioned being pestered by a firm called Mercantile Equity on here before. They basically collect your details from Web Enquiry Forms and then sell the leads on to mortgage brokers - like me. Well they seem to have completely disappeared and whilst I have been unable to verify this as yet,…
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Remortgaging with less than 90%
Hi there. I've still got 3 years left of my fixed term mortgage with Scottish Widows. I haven't done the maths but I know we won't have paid off 25% of the value of the house by then, and potentially won't have paid off 10%. I'm guessing we're subprime! :rolleyes: Anyway, if we don't start supporting savings (not allowed…
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New Job = no chance of a Mortgage
Edit - sorry there was suppose to be a question mark in my title - I am not making a statment! If anyone could change it I would be grateful! Hello, I have been a long time browser here but I have a question I needed to ask so took the plunge and registered. My and my OH are FTBs. We have seen a house that we like and are…
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A ray of hope for adverse mortgages
Came across this site by pure chance. Thought I would post about my recent mortgage woes to hopefully give some of you some hope. To cut a very long story short I recently completed a full and final IVA. It was approved in August 2007 and completed in January last year. Now because of the amount of money I had owed and the…
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opinions please
Just been turned down by hsbc for the 3.99 fixed. On the reason that salary multiples dont work out. Tried explaing that was not the only factor as they had my bank statements and could see that we were doing well, paying are way and saving at the same time. My question is am I better of reducing the amount i ask to borrow…
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Commercial Mortgage ...
Hi... I'm buying a cafe and flat on a commercial mortgage with one ccj 5 years ago. Is 9.9% a to high a rate? Thanks ......;)
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Is this a good deal?
I went to see the financial advisor in the estate agents tonight. I have a deposit of £40k and am looking at getting a mortgage of either £50-60k. She said the Halifax will do me a mortgage over 20 years at 3.64%, paying back at either £300-350 pm. Its a tracker and I have to pay £499 arrangement fee, and she said would I…
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Calling all Financial and Mortgage Advisors, need help!
This is a complicated one to explain but hopefully i do it justice as we need help!! Basically my partner and i are looking to move to a larger property but we will be staying with our current mortgage lenders Natiowide. We currently have a mortgage of £139,500.00, it is likely we will only sell our house for £130,000.00…
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First time buyer, no debt, good pay
Hi All, I'm trying to sort out my first time mortgage but could do with a bit of help! I'm 24, Earning 28k with good career prospects. I've been very careful with money so far so have no debt of any form, have a single credit card which I very rarely use, and when I do use pay off in full at the end of the month. Currently…
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Help! Will any one lend?
Hi all, Have an appointment tomorrow with an IFA but can't rest so wonder if any one can help.... Just had house valued at £179,950, on a fixed rate mortgage tied for another 4 years with A&L. Outstanding £147,000, £1021 a month, also a secured loan of £15,000. Want to move to a property around the £200,000 mark. Is there…
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Query re redemption with Northern Rock and 1st months interest with Nationwide
Hi we completed on a Nationwide mortgage last week, redeeming our Northern Rock mortgage. The fix on Northern Rock ended on 1 Feb 09. I've got a few questions - I simply don't understand the completion monies/interest payments etc and can't speak to Northern Rock or the Conveyancers who dealt with this now as their office…
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Loan to Value Ration is ruining my life!!!
Really need some advice! Have been lurking for a while now but finally need some help badly. Our situation is as follows. We bought our house 5 years ago and have been great customers. Never missed a payment, always prompt and on time. We got an additional advance of £20'000 a few years back to renovate. Our outstanding…
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Poor credit history but would like a mortgage
i bought a house in 2003 with my ex gf, we got into debt then she left me with a debt of around 14000 plus other little bits. we split in 2006. since then i have began paying off these debts and am doing well. i now also have my own business and things have come a long way since 2005/6. i have a new gf and we want to buy a…
