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F.t.b
Hi me and Girlfirend are planning on getting a house in the new year feb/march. I will have about 12k-14k saved up by then, which will be about 10% + fee's of our future property. The problem is that my girls friend has got quite a large loan £15k. and I've got a small loan which is £90 a month. I earn £27k a year and my…
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So....C&G
Ok, so as a C&G employee I have my own thoughts and guesses on what is going to happen ( a buy out imo) but am interested to know what you guys think. I am leaving regardless hopefully, as I am disgusted at the way we have been messed around, especially those who were half way through the process of getting early…
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Fixed rate repayment mortgage
Hello, can sombody please offer me some advice? We are currently locked in a fixed rate mortgage until Jan 2010. We have been paying religiously and never missed a payment....Thank God :rolleyes: Anyway, I was wondering if we would be able to pay interest only for a while, just until I sort some other debts out? Can you…
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Converting to BTL - timescale?
How long does it take to convert a repayment mortgage to a BTL? Our house is for sale, I think we will lose our buyer and were due to complete on our purchase in 2 weeks. We don't want to lose our new house. A family member has kindly offered to loan us a large amount of cash to fund this purchase. The problem is that…
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Mortgage process
I'm a first time buyer and I am having a mortgage arranged by an HSBC broker with Abbey. The application has been submitted, but now I'm fretting that things aren't moving fast enough. How long is it going to take until I get confirmation of something? Thanks.
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Buy out ex or new house?
Having broken up with my partner we're selling our 2 bedroom detached bungalow for £265k. I have two options: 1. buy him out and end up with a mortgage alone for £168k (I earn around £30k a year and am in my early 30s), with £100k equity. 2. buy a smaller house for around £200k, and have a mortgage for about £120k but with…
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remortgage existing property or new mortgage
The house next door has just come on the market, the house itself is in a poor condition and needs a lot of work. We have thought for quite a while that if it came on the market we would look at whether it's worth us investing in. Our thoughts are to either just take a strip of land to give us the option to extend our…
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How to calculate outstanding mortgage amount?
Hello, I've got a mortgage of around £225k and my fixed deal is coming to an end. I'm tempted to move to HSBC's 2.49% discounted rate and overpay for 2 years to bring my outstanding mortgage down. Is there a way of calculating how much I would have outstanding after 2 years if I made fixed over payments of X amount every…
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When does the clock-start re compensation time period
I got a Green letter from the pru 5 years ago which did not warn of a shortfall as it said I was on track to meet the target amount. I had an Amber one in March 2007 so if the time starts then I am within the 3 year time period. Question. Does the time start at date of Green letter or Amber?? Pru says it starts at date of…
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Remortgaging with the Halifax
Hi im not sure if anyone can offer any advice on my first time on this forum... We have mortgage with Halifax which weve had since sept 07 ive had a couple of conversations with them recently asking if we can add £2-3,000 onto our mortgage but they turned us down due to what they value our property at . They are saying our…
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Affordability calculations...help
Hi all, My partner and I are off to see the bank for a second time after sorting out of debts. Our local bank, Ulster Bank, offers a 95% mortgage, with the deposit being paid by the developer. Both have good credit history. We have the money for the fees, solicitors, other charges, ready to go. We have been told that we…
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halifax mortgage process...
hi there I am going through a mortgage application with the halifax got a mortgage promise from them with a B pass therefore have proceeded for the full application. have now paid for the valuation fee and this is to be instruced within the next coming days. what I am wondering though is whether it is normal to pay out for…
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tracker with fee or fixed
Hi, Im due to drop onto my lenders SVR on 1 sept at 4.99% I have a rate booked for 6 months (with first direct) at 4.09 fixed for 3 years (offset with no fee) I notice they have a tracker at 2.95% (incl BOE base rate) with a £699 fee. Am torn between may be getting a tracker (some low rate deals at present) or a fixed rate…
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Tracker v Discount
Hi I have always chose fixed rate deals in the past so not as sure what decision to make this time as I'm in a situation were I can take the risk with payments going up or down. Have found these deals ... 1. Fee 249 Rate 2.49% Discount 2 yrs -1.45% 2. Fee 245 Rate 2.99% Discount 2 yrs -2.5% NO ERC!!!! 3. Fee 995 Rate 2.99%…
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Spanish mortgage
We have a house in UK worth £100,000 which we rent, so gives us an income. We bought an apartment in Spain and took a mortgage out for equivalent of £100,000 (160,000 euro) Therefore the house really secured the mortgage.... But now the house is worth £85,000. The £100,000 spanish mortgage, which was at 2.9% interest rate…
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Bradford and Bingley won't let me port my mortgage
Hi. I'm new to this site and would be really grateful for any advice. Basically I approached B&B about porting my mortgage (no change in the amount) as I planned to sell my flat and buy a small house further out of town. They said in principle this was no problem subject to a credit check on me and a satisfactory survey on…
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What will happen to mortgage rates in next 6 months?
Hello I currently have my mortgage with A&L (tracker at 2.79% that will revert to 4.99% in November). I have spoken to them about what deal I could get from November and the best deal they gave me is 3.29% (tracker again) for 2 years. So I have 2 options: - Go with the 3.29% rate now and take the risk that they have better…
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Spliting up and dealing with mortgage
My friend and her fiance broke up and have a mortgage. I am not sure of all details but he is paying half until November but then is wanting off the mortgage as my friend is living there. She has not told me the following: The Halifax came back when I tried to get partner off the mortgage saying that due to a couple of…
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Endowment Surrender
I have had a small endowment policy running for the last 18 years. It is due to complete in 9 years time and is predicted to under perform quite drastically. My question is simple; should I let the policy run to maturation or surrender now and invest the proceeds (circa £10K) elsewhere. Grateful for any advice.
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What to class myself as during mortgage application
I've been speaking to an IFA and some banks with regards to a 90% mortgage many of the decent deals are for 1st time buyers. However I've had a mortgage in the past house has been sold in March no current mortgages and Ive been living in rented accom since last April. The RBS will only offer the deal to complete 1st time…
