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New build flat - deposit situation
HI I have just learnt that I require a 20% deposit in order to get a decent interest rate on a new build flat that I really had my heart set on. I've got 15% deposit, but with this I'd be looking at a rate of about 6.99% which I really cannot afford/justify I was just wondering what anybody thinks of the chances of lenders…
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Non Status Commercial Mortgage
HI Guys I'm looking for a bit of help I'm looking for a non status commercial mortgage but i'm finding there to be slim pickings out in the market place I ideally need a company who can do 70% ltv of the 180 day valuation or 65% of the OMV. Any recomendations greatly received. :confused:
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Help/suggestions re mortgage with a guarantor
Hi, I'm here asking for advice/help/suggestions really. I am a discharged bankrupt, discharged in Feb 2005, and have had 2 mortgages with high street lenders since then. I earn £16k in my employed job (rising to £23k in 4.5 years time) and get expenses of approx £120pcm. I also have a self employed job which I've only had…
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Ex taking name off mortgage
Hiya, this probably isn't the right place to post but not sure which forum. Have split with my partner, am pregnant with 2 kids already(all his). Think he will be wanting his name off the mortgage just through spite as things are so bad between us, although i will be getting the mortgage paid through income support after…
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Thoughts on my Prudential (Scot Amic) Endowments
Hi i have 2 endowments from Pru (Scot Amic), They have obviously lost a fair bit in value since i last checked, Sept 08. Was interested in peoples views on whether they think that Prudentials maturity values will fall further, the first policy finnishes in June 2010. Here are the latest figures; 1st one Maturity date…
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remortgaging half way through a fixed rate?
We got a together loan from Northern Rock 3 years ago, on a 5 year fixed rate, but due to now deciding to pay off our HUGE unsecured debts we're thinking about going onto an interest only mortgage. We're paying 5.99% at the moment, £114k owing (roughly), with a £29k unsecured amount at the same rate with NR. Have I got any…
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changing names
i own a house with my brother but he wants to buy another house. can we change the names on the mortgage to my boyfriend instead how do we go about it.
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Interest only mortgage question
I have just realised we are on an interest only mortgage which was fixed for 2 yrs and finishes on 28th September. When the interest rate drops to 3% above base rate so it will be 3.5%. Should I try and remortgage away from interest only as I am not sure what happens when you finish paying after 25 yrs. How does the loan…
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Base rate rises - mortgage decision
Hi, I had posted in another thread about which co-op mortgage to choose - fixed or capped tracker. Just wanted to ask this question in another thread to help me make my decision as I really should decide soon, within the next 2 hours before I see the bank :-) What is the general opinion on when rates will rise and by how…
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Credit score help please
Hi there everybody This is my first post so i'll keep it short. My credit score is 840. I heard unless you're above 901 its very difficult to borrow. Any tips on boosting my score?
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Lump sum - pay off mortgage or Invest?
Hi, First post here, but been a visitor to the site for a while. I'm seeking advice about what to do with a lump sum. I have some interitance coming very shortly. I will be setting aside about £100k to pay off some of our £244k mortgage. But with the interest rate so low, I am wondering if there is somewhere better that I…
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Advice on savings money for mortgage
Thinking of applying for a mortgage between now and a years time. The money I have saved over the years is spread amongst several Cash ISA's and savings accounts. What is the best way to handle the ISA's? Simply close them and transfer the money into one pot or keep them open with a £1 in? I don't think I'll ever use them…
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Chelsea building society
I have a mortgage with Chelsea. Just heard that they have made massive losses. Do I need to worry?
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Stretching yourself with a mortgage; is it worth it?
Guys, sorry for posting here but I'm lost and my grasp of mortgages is an epic fail. I'm going to use an example using rounded and simple figures to try and make it easy to understand where I'm coming from... When dealing with mortgages, and pushing yourself, let's say you take out £100k that you wouldn't otherwise need.…
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Mortgage coming to End, Need Advice what to Do?
Hi, My Mother in law who is 80, lives in a ex council house, which was mortgaged for £21,000 back in 1990, she lives on her state pension and has no other income, The interest is paid by the DHSS and the mortgage is due to be repaid next year, a total of about £23,000. My Husband paid to modernise the property, the house…
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changing to interest only question
Hi, am with Santandair and they have said in principle we can change to interest only off our repayment for 1 year to help us out financially for a while as I am on enforced part time to avoid redundnacy consultation. THey said I need a vehicle to replay the capital sum which I have cause I have 3 pensions. They said they…
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What kind of mortgage am I looking for?
In short I want to let the property I am living in at the moment and buy a new home to live in. Do I have to remortgage my existing property and get a purchase mortgage for the new home? Now the long story ... Two years ago I bought my first home. At the time my mortgage lender said that they would lend me £469,000 - how…
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Which co-op mortgage to choose - fixed or capped tracker
Hi, My fiancee and I have just had a bid accepted on a house and the survey will be getting done tomorrow. Our plan is to get a mortgage on a 5 year deal with the co-op as they have some very good rates. Basically we were looking at a fixed rate mortgage so we know our monthly outgoings. But I've also noticed they do a…
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Staff Mortgage - Still a BIK once made redundant?
I have recently been made redundant from RBS and continue to have a staff mortgage with them - the terms of the mortgage say that I can retain the rate until it expires (April 2010) even though I am no longer an employee. Whilst in employment the mortgage interest saving appeared on my P11D as a BIK in the normal way. Will…
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Change names on mortgage and deeds
hello all, I hope someone out there can offer me some advice. My current partner is in the midst of a divorce and wants the husbands name taken off the deeds and the mortgage and mine adding to them. This is because the bank wont let her have the mortgage in just her name as she doesnt earn enough and so adding me to the…
