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First time buyer's!
Hi All, Currently looking at purchasing my first home with my girlfriend. We've both recently graduated and secured jobs and also have approximately 14k for a deposit and are looking at the 140k region. (Yet have seen a house for about 126k) Our salaries total approx. 42k at the moment. We've been to a few banks (HSBC and…
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critical illness claim advice
hi all , hope someone can shed somelight for me though i fear a trip to a financial adviser is on the cards. we have in place two standard life endowment policies to cover the cost of our house one of the polices was a top policy that was taken out when we married and moved into our new house , my wife already had a policy…
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Fixed deal ending 30 Sept - NW BMR or a new deal?
Hi! We bought our first house three years ago, and we went fixed with Nationwide for three years on 5.13%. Now, the three years are almost up and we're wondering what to do -- go on to the Nationwide Basic Mortgage Rate (BMR) or try and get a new deal. As I see it, there are the following options: 1. Just roll on to the…
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Payment holiday - marriage breakdown
Hiya, newbie here. We have a mortgage with Nationwide. We're in negative equity (I think but havent had recent valuation) with recession but have little debts. Small loan, mortgage and minor overdrafts. We are about to seperate and finances are going to be a big problem. Husband will need to rent somewhere and we'll need…
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Help needed!!!
Hello anyone who can help me,im new to all this to please bare with me!!. My mum and i recently lost my Grandmother 12 months ago. Her home has been left to my mother in the will. The house is not in great condition to be honest. Its has been on the market now for 6 months at £84,950 and we are struggling to sell and are…
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Endowment Policy Advice
I have a With Profits Endowment Policy with Standard Life, which has 2 years left to run of its 25 year period. The policy was supposed to cover the cost of the mortgage at the time (£33000) and has cost me approx £45 a month for the last 23 years. The policy is no longer linked to my current mortgage but bearing in mind…
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Buy to let mortgage by a limited company
I am looking to arrange a buy to let mortgage on a purchase of a residential property by a limited company, Can any body help with current market as my broker advised me that there is no lending to a LTD COMPANY for BTL Urgent! Appreciate your Help
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FTB : Am i in a good position or not?
Just a quick question really to get a bit of a feel as to whether i am in a reasonable position for buying or not. I currently earn approx £25k and am renting. I am considering purchasing and would be looking at properties around the £140k mark. The only debt i have is the dreded student loan! and it's quite big (£12k+),…
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Urgent advice needed
I owe 10k to the mortgage company and they have issued an eviction order. I have proof that i will recieve 13k lump sum in january. This cannot be assigned and has to be in my name. Is there any way I can arrange for my bank- Natwest- to ringfence the money to assure the motgage company of payment? Many thanks
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Help please!
My discounted mortgage rate with first active came to an end in Oct 2008 it then automatically reverted to a tracker of 1.1% above the bank of England Rate, therefore now paying 1.6% - my question is, we are considering moving to a bigger property if we do this can we port the Be base rate +1.1% deal to the new house or…
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Voluntary Repossession Advice
Hi, just wanted some advice from anyone who had been through voluntary repo. We are in arrears and it is likely we will be repossessed, is it better to just ring the mortgage company, explain that you can't afford to pay the arrears and say you will send them back the keys, if we have done it voluntarily would we still…
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What to do with extra $25k
I have an extra $25k in the bank that I came into unexpectedly. Some people say I should put in on my mortgage, but I'm only paying 3.55% so it seems like a waste... suggestions? P.S. I'm in canada
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Nationwide mortgage - additional borrowing
We want to borrow an additional £5K on our mortgage for some home improvements. We have 2 mortgages on our house - the 2nd one we took when we moved house 2 years ago to cover the existing borrowing required. One is a base rate tracker deal and the other is a fixed rate deal - both expire next summer. My questions is can…
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5 year fixed ending, will my payments increase when I remortgage?!
Hi guys, i'm really confused! My 25 year fixed mortgage is due to finish its first 5 year fixed period in February 2010, the current rate is 4.99% and the monthly repayment is £570, I owe £90,000. I want to switch to the best rate available in February and I guess I should be able to get around 4.75% or less fixed for "x"…
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Advice please.... what would you do
Our fixed is up in Oct with the Nationwide and we will automatically revert to a rate of 2.5% so my question is are we silly to think that we could chance our arms and get away with that rate until well into the New Year and then fix as this will save us pennies under £200. a month.... happy days !!! or shall we arrange…
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Porting a mortgage
hi, just a quick question, i wonder if anyone can clarify exactly what is porting? i undertsand its transferring your current mortgage deal to a new property, to be more specfic for eg my current mortgage 68k outstanding i want to purchase a 100k property if i port my current mortgage deal does that mean a) i borrow extra…
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whats my best option
ive found a property that we would like to buy and we are unsure which mortgage to choice details are price £200,000 deposit £65,000 joint yearly gross income £35,000 we can either use hsbc tracker currently at 2.95% or britania 10year fixed at 5.6% if we track we could aford to overpay to the differance, or is there any…
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Finding a good local advisor
Can anyone suggests ways to find a good local mortgage advisor? I prefer to talk to people face to face so am looking for someone local who we can go and see (or who might come to us!!) Have search on internet and can find companies, but how do I know which to choose? No friends or family are able to recommend one ... Also…
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help with calculating figures please
hello all im looking to buy our first home soon but getting very confused as most do i guess, heres my first of probably many stupid questions, we have a deposit of 22% leaving us a mortgage of 68% we would like to do a tracker with a rate of 2.95% which would cost us monthly £637, we could aford to repay aprox £800 a…
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Crystal Ball Anyone?
Good morning! I apologise if this is in the wrong place but hopefully people will help all the same! I've got a mortgage with HSBC on a lifetime tracker of base rate +1.24%. Whilst rates are low I'm overpaying the mortgage, always at least £1000 per month and sometimes up to £1200 per month instead of the contracted £270…
