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Mortgage and Rent
Currently there are 4 of us in an apartment paying per month £900 - Rent £257 - Electric £50 - Sky £142 - Council Tax £12.50 - BT Line £11.50 - TV Licence £25 - Internet Which is almost £1400 per month in outgoings Now early next year i would like to get a mortgage. But i'm only on £25,000 a year, and even at best 5x…
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Interest only Morgage ???
We are thinking of getting an interest only mortgage but my question is does the lender force you to have an endowment as well. ?
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First Direct Offset 3.94% 2 yr fixed
Hello has anyone taken this mortgage out? What do your reckon? I have just under 75% LTV. Want to borrow 107k on 150k property. Have about £20k I can offset. The numbers look good. The variable is also quite attractive at 3.69% though appreciate it will probably not be this low in 2 years time. However, considering my…
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Options for 73 year old, interest only mortgage
Hi Guys, looking for some options. Mother is 73. Finished paying off mortgage 10 to 15 years ago. Building Society left £1 outstanding so they could keep mortgage deeds and advanced a further £27,500. Current equity in property is 200k - 300k. Is currently paying back interest only, at approx £130 / month. They will take…
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Mortgage holiday or cashback????
Hi, Im hoping someone here might be able to give me some advice. I have a trip coming up that I need some extra cash for. Would it be better to take a mortgage holiday or take some of the cash ive overpaid to the mortgage. I can do either with no penalties. Thanks in advance.
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Mortgage Additional Borrowing Query
In September 2005 I took a £83,000 joint mortgage out with my partner on our 2nd home. Not long after I was made redundant and went onto Incapacity Benefit through illness and then in May 2006 me and my partner seperated although I stayed in the house. I had accumulated some debts in the time since being made redundant and…
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New job offer and my morgage application
Hello! Hope your all well :D Me and my partner have been looking to buy our first house. The mortgage will be in my name because he already has his own flat (which he is in negative equity) I have been accepted for a mortgage but as of yet all our offers have been out bidden. :mad: I have been in my current job for 3 years…
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Mortgage fee's
we have a mortgage with ge captial and have been in arears for sometime But are paying it back with extra being added to our payment each month.. Now I had a letter yesterday saying they were adding these fee's to our payment over how ever long we have left on our mortgage so we don't owe anything in fee's when the terms…
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nationwide a.i.p
do the nationwide check your credit scoring when you get an agreed in principle from them? I have went through my broker and he has said there is an agrement in principle with nationwide so he has asked us for statements and payslips etc.... but I am abit worried as my statements show I have an agreed overdraft limit and I…
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Advice for FTB
Had an offer accepted on a house for £149k. Will need a mortgage on this of £124k. Spoke to a financial advisor yesterday and on my salary this isn't an issue, but just wondering about mortgage deals. He called me back with what he said would be a good choice - Alliance & Leicester 4 year fix - 5.99%, no arrangement fee…
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Mortgage/Deposit Options - what to do?
Hi, I'm In need of some advice..... I’m purchasing a new property: Here are the details: Existing Mortgage: £125,000 Bank: First Direct Mortgage Type: 0.79% above Base Selling Property for: £161,000 (-£125,000) Equity: £36,000 Minus all Fee’s: £-7,000 (approx selling and purchasing) Total Equity: £29,000 New Purchase…
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2 year fixed v 5 year fixed??
hi my current mortgage deal is coming to a end and i cannot decide what to do i have tried to get a mortgage with hsbc and they have turned me down really dont know why cause my credit score is 900 and my my income is enough. i am currently with the abbey and can only chose from there existing customer products so here is…
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Taking off one of the names from joint mortgage = remortgaging?
I have a joint mortgage with my husband with very good interest rate (1.05%). I've separated from my husband, and would like to take his name off our mortgage. I can afford the monthly payment, therefore i would like to carry on with my current mortgage, without selling the house. I would like to know whether the bank will…
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Purchase price changing after mortgage has been offered?
We're buying our house for £200k. We got a mortgage offer through for £178k which is 89% LTV. We have finally had some quotes from a builder for some work that was brought up on the survey and we may go back to the vendor to reduce the price by about 2k. My question is, will Nationwide still lend us the full £178k or would…
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Bad situation - Divorce. Help appreciated.
Hi there, Well we purchased a home in the 80's for £24k, and had an endownment attatched. I unfortunately divorced my husband 7 years ago, he has carried on payin the interest only mortgage which finishes with A&L in 2 years 7 months. The situation however, is that when I divorced I stop paying the endownment not knowing…
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Switching to repayment from interest only - what to do??
Hi guys, Im slightly confused about which way to go with regards to our mortgage. Currently on a fixed rate interest only of about 6.6%, paying 702 per month on a balance of 126000ish. This ends in October 2010. I am really keen to switch to a repayment mortgage and start chipping away at the balance. I contacted our…
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best fixed deals for remortgage of 50k plz
as above,50k remortgage 300k home value perfect credit history 13yrs term left.hsbc 3yrs with no fee rate 4.88 an 5 yrs with £1000 fee rate 4.95 both fixed.but would be open to other opinions as a comparison an thought.fixed gives peace of mind thats all.cheers:D
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Shared Ownership Help
Hi, Is it possible to get a shared ownership mortgage if you already have a mortgage on a property? The situation I am in is I have a mortgage in my name which the property is reneted out, I make no money on the rented accomodation. I have since got married and myself and my wife would like to buy a house the only option…
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Halifax, Nationwide, Abbey about to cut fixed rates by 2%...
This is the headline we should be seeing in next week's press if there were any pressure being exerted by HMG on the lenders. The current level of fixed rates is an absolute scandal and nobody but nobody is doing anything to rein in the profiteering of the lenders. Even Martin Lewis has told me that he intends to do…
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Endowment complaint
Ten years ago we moved house and took out a repayment mortgage. We had an endowment on the previous house and we kept that going as a means of saving some cash. I did complain once that we had been mis-sold because their advisor said there would be more than enough to pay off the mortgage plus some over for ourselves and…
