-
Beacon Home Loans
Hello, We are in the process of buying a house funded by Beacon homeloans. We have received an mortgage offer and are waiting for conditions to be sorted before exchange. Is there still a chance our mortgage will fall through at this stage or is it just a case of waiting for all boxes to be ticked. Thanks
-
PCP Vs Lease - different effect on mortgage?
Hi Everyone I'm hoping someone can offer some advice! I've recently got a new job, which comes with a monthly car allowance. The car has to be less than 4 years old at all times, so I've decided that in all likelihood i'm going to get a new car on either a Personal contract plan, or personal contract hire / lease. I know…
-
Thinking of moving.....
Hello, My wife and I are thinking of moving - she has already seen a house she likes and my arm is being bent to get the finances sorted out quickly. Just wanted to ask if anybody new if the LTV would be calculated on the Home Report Valuation or the price we actually pay for the property? The house has been on the market…
-
C.I.S. endowment - surrender time ?
Hi all I've just received the latest update. Policy due to mature July 2014 (25 years) Premium £80 per month Sum assured / target amount £50k Basic sum assured £21,450 Projections: £37,400 @ 4% £40,800 @ 5.75% (down from £44k last year) £44,600 @ 7.5% Current surrender value £28,441.40 (down from £30k last year) They say…
-
Mortgage Advice: Discount or Tracker
I am just taking on a less than 60% LTV mortgage to buy a house having rented for some time. I am chosing between two options at HSBC that i have whittled it down to: 1. Discount: HSBC SVR (currently 3.94%) less 1.45% = 2.49% for 2 yrs 2. Tracker: Bank Base Rate (currently 0.5%) plus 2.24% = 2.75% Obviously the first…
-
FTB Help - Abbey - BISF
Hi There i am a FTB buying a BISF non standard construction property (steel). We have passed first risk check with abbey. Seller is currently having a full structural report done on the property. We have nothing set in stone that abbey will lend, but that they will look at each on individual merits, this property is in…
-
5 year fix @ 4.24%
Hi, I booked this deal in June to drawdown early next year as I owe £120k on one income and wanted security of a ceiling on payments. Alternative is I stay on 3.69 variable rate and gamble on mortagages becoming more competitive after the election. Or the Co Op +1.98 3 yr tracker Or the HSBC -1.45 2 year discount Grateful…
-
Remortage Advice please...
I'll try and keep this concise as I appreciate there's many posts looking for advice... Our tracker mortgage with the Halifax finishes end of Nov. Our current interest rate is 0.24% (-0.26% on the BoE) We owe 132k In Dec we will revert to their SVR of 3.5% (can vary 2-3% above BoE, currently +3%) Halifax have valued our…
-
advice needed for FTB
I am looking for a mortgage as I have seen a property. My file from experian shows 1 settled default of £60 from caboot. apart from that I have a mobile phone contract paid on time my natwest account as well as settled loans. the experian score shows poor due to searches made for car insurance, which company do you think i…
-
move to interest-only temporarily?
I am desperate to reduce my unsecured debts but have been turned down for a loan by a couple of lenders. I have a C&G mortgage but only about £25k equity at present. Rather than taking the drastic step of selling my house to pay my debts and then rent again, I am considering asking for an interest-only period on my…
-
New & need advice
Can anyone advise In 1994 we purchased 50% of our home through what was then a DIYSO scheme. We took an Endowment Mortgage with the Halifax. At that time there was a lot of people to deal with and a huge amount of documents etc.We remember the advisor at the Halifax saying for us to have the mortgage we had to take out…
-
2year fixed interest rate coming to end
Hi, I wondered if anyone could help. I'm not all that clued up on this mortgage lark (altho I have one!) We purchased our property jan 08 on a 100% mortgage, it is now obviously in negitive equity we have no savings at all. I need help as I dont know when the deal comes to an end (jan 10) when we look for another deal will…
-
Buy to let advice
Hi, I am posting on behalf of my parents they want to buy a property to rent out to me. I have recently been declared bankrupt and have a young child they want us nearer to them and know I could pay the rent every month. However they do have a big mortgage of approx £240 and house is worth £360. They earn £60,000 per year…
-
Offset mortgage - is it worth it for me?
I find numbers all a bit difficult, so just wondered if anyone can give me some general advice. Current mortgage about £70K and has about 8 years left to run. Is a repayment mortgage and we are now into the paying off of the capital (hence the interest rate cuts didn't make a huge difference to us!). Currently on a…
-
DIP/AIP, work history and TUPE
For the Decision in Principal / Agreement in Principal I've been asked to provide my employment history. Back in May 2008 I was TUPE'd over from Company A to Company B (can't post links due to being a newbie, google search on TUPE to find details about Transfers of Undertakings (Protection of Employment) if you want to…
-
Council House Purchase
have a friend who is planning on purchasing his council property. he should have full discount - approx 70% so reckons he will get the property for £20,000-£30,000. Are there specialist lenders for purchasing your council house or can he go to any mainstream lender? he is also planning on converting the loft into extra…
-
help
I have 1 60 pound settled default registered on my file from experian. I am looking to apply for my first mortgage. I am concerned that the score from experian shows very poor, i have a mobile phone contract from t-mobile paid perfect plus 2 settled loans and my natwest account. Who do you think I should apply with ideally…
-
Affordability (again!)
its the question of the week I think! lol At the moment we have circa £900 disposable income after all outgoings inc, credit card, petrol, childcare and food. However, if, as has happened with another poster on here, the bank were to ask for a statement they would see we manage to fritter away that £800 fairly effectively…
-
Self employed - quick question
Hi there I've been reading all the great advice, and I have a quick question before I start debating this properly.... I've been self-employed for nearly 4 years. Accounts are now in the hands of my accountant, so that should all be quite straightforward. Business has been gradually building for the last few years, and the…
-
Moving mortgages to a new house - RBS/Natwest and Post Office
I saw a house I like today. It's perfect for me for the short term and I estimate i'd be living in the property for 3-5 years before wanting something bigger. It's not small by any means, it just doesn't have much scope for development. It's lacking a garage which would be a bonus and has 2 bedrooms. Room sizes are average…
