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why is it Net profit an not gross profit for self employed
why is it Net profit and not gross profit for self employed? I find this is the case for self cert mortgages. the thing is, if you are going for a mortgage and you are employed, its your full salary they look at before being taxed! bit for self employed, its after the tax I guess? am I wrong here? have I missed something -…
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To repay or not??
Bought our house for 265,000 in 2003, just had it valued at 289, 950 as we were considering moving. However, having given it more thought we think it might be better to stay put for a year. We have a 200,000 mortgage and are currently paying 0.79%. We will be able to pay off 80,000 in a year if we stay put so I wanted to…
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Mortgage advice needed
Hi all - I would be grateful if anyone would know my chances of getting a mortgage. I earn £23,600 p.a. and my husband £16,500p.a. On top of this I get family allowance and tax credits which equate to £1,200 p.a. I do have some debt and pay £750 in loans each month. I have never missed a payment and am sure my credit…
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First time buyer - best mortgage?
Hi everyone, I'd really appreciate your thoughts on this I am buying a flat for 95k. I am putting a deposit down of 35k. I would like at least a 5 year fix, and was thinking of a 30 year term as I am only 19 but wouldn't mind 25 years. I've seen a mortgage advisor today at an estate agent who said the best deal for this is…
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Great opportunity slipping away!!
Hi, We have just had a planning application to build a 3 bed detached house in our garden approved! we thought that it could be a long term investment by building and renting it out and then selling one day when the market picks up. Anyway it turns out that its not that simple. We need to borrow £70,000 to build the house…
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CeFA Competence Development Tool
Hi Not sure if i'm in the right section or not. If not sorry. I was hoping someone could give me some advice as to whether it is worth buying a Competence Development Tool to complete CeFA exams? If so does anyone who has these qualifications want to sell theirs? Must be newish because new regs etc. I have looked on ebay…
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A&L overpayments on 3.99% 5year fixed
Was wondering if anyone managed to clear up the overpayment issue on the 3.99% 5 year fixed mortgage with A&L? I have done a letter to A&L asking them to clarify the position about overpayments up to £499 per month and whether they are subject to an early repayment charge. Their leaflet is unclear and their servcie centre…
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mortgages
I am trying to get a mortgages , I have good cretit history , pay all my bills on time , and my score was over 850 , BUT I am not on the electoral roll , and my land lord dose not want me to be ( he has resons ) what can I do Is it a make or break thing ? thanks emily
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Mortgages for New Build Houses
Does anyone know of any banks which will offer mortages on New build houses which do not take into considertion incentives such as Stamp duty and legal fees?
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Buy outright or Mortgage
Just a bit of advice please. We have had an offer on a house accepted and are in the position to purchase the house outright by using savings and the equity from the sale of our house. We do want to carry out some work to the new house so would it be better getting a small mortgage and keeping some savings back or buy…
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Help! Split-mortgage issues
Hi, sorry to wade in with a question on my first post but really need some advice. Have done a forum search but as always everyone's position is slightly different. Partner and I have split (not married). We have a joint mortgage and are both currently living in the house. I pay him exactly half of the bills inc mortgage.…
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Mis-sold Mortgages and loans
Hi Guys and Girls, anybody know about people claiming that they have been mis-sold a mortgage,where you remortgaged and your mortgage company sent paperwork through post same with home loans and personnel loans.you sign paperwork send it back and get the mortgage or loan. This is deemed illegal is that right? because they…
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Mortgage Rescue Schemes
Hi folks Please could you honestly give me your opinions on "mortgage rescue schemes"? Thank you. I know you must be very careful with some companies, but if they are run by the government a such, would you advise it, if its just to keep a roof over your heads? Cheers once again.;)
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First Time buyer with bad credit - Need Advise
Hi New to the forum, want to buy a flat, but have bad credit (ccjs) have tried several financial advisers, with no success. can anyone give me advise of what I can do??? Thanks
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Advice on remortgage
Hi all, I am currently on C&G SVR and am looking to remortgage while fixed rates are low. I am thinking that I need to find a deal within the next 6 months as fixed rates & LTV wont get any better. I think I am after a 5/10 year fix which would need to be portable. My current mortgage balance is £67,000 and I am hopefull…
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Can I make my Endowment paid-up?
Hi Any advice please? I have a Norwich Union Policy that matures in 2012 I pay £176.50 per month in to this with profits policy. The last statement has shown it to have an £11,000 shortfull! My question is, If I make the policy paid up what would the consequenses be. I know that the life cover will stop, but is there any…
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tax on endownment
hi,my ex husbandpassed away 2months ago,i still live in the joint owned property,we had an endownment running jointly which i paid and when he passed away i claimed the £40,000. I have now paid of the morgage with this £30,000 which Leaves £10,000cash. I am now waiting for the deeds from building society. Somebody hasjust…
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Mortgage Advice
Hello, Me and my wife have been renting a flat for 3 years, we have now decided it may be time to look at buying a house. Our lease on the flat ends in November, i beleive we have to honour the lease. Between now and then i am hoping the housing market will bottom out and allow a good deal to be available to us. I have no…
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When should I switch to a tie-in?
We have a mortgage with C&G and at the moment it's on the SVR. The house is worth about £150000 and we owe £46 with 17 years left. No sorry,it's like this Mortgage 1 = £41,000 with 17 years to go Mortgage 2 ( the conservatory loan) has £5000 left with 5 years to go. While the repayments have dropped, I know it's not going…
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need a new (fixed) mortgage
Hi I am looking for a fixed mortgage over 5 years we have had the house valued at £170000 and have a £150000 mortgage we have £6000 in savings!! I earn £42000 per year and my partner earns £18500 we have been offered 5 year fixed by RBS at 5.49 with a £299 set up at 85% ltv-can anyone beat this or is this the best current…
