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mortgage with a student loan?
Hello I was wanting advice on wether my student loan affect my chances of getting a mortgage? It was taken out around 1998, I only started earning over 15k last year so the Student Loan Company started to take the money out of my wages automatically each month so I haven’t missed a payment. On the plus side I also now earn…
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too old for mortgage?
I am in my 50s and In order to get rid of a huge mortgage needs to downsize next year. I have a large deposit of approx £100,000 :confused: and an income of early pension of approx £450 per month. I would like to borrow about £100,000 is this possible? How do I find out what the repayment will be?
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Source of deposit - potential problem?
I had a spontaneous phonecall from my conveyancing solicitor today (first time they've called at their own initiative..) to let me know that the contract and other paperwork was now in the post for me to check. She also mentioned that she would have to write to our mortgage lender to formally state that part of our deposit…
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Joint mortgage, ex has serious debts
Hi, I'm not sure if this is in the right sub-forum, but I hope someone can give me some advice while I wait on an appointment at the CAB! I split up with my ex after almost 5.5 years in July, due in part to his keeping the full amount of his debts a secret from me, despite visits from debt collectors at the door. I still…
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quick question - part intrest only/part repayment
I think this is a simple one, but can't quite get my head around it! 40K Interest only 45K Repayment both currently on NW Trackers (2.79%), but due to move V shortly to SMR (2.5%). If I have 5K available to pay off (once on the SMR), does it make any difference which one it gets paid off?:confused: My gut feeling is it's…
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First Time buyers
[STRIKE][STRIKE][STRIKE]I was wanting to know if there is a section on this website or if people know where i can find the most current best deals for first time buyers. I will be a first time buyer and want to know how i can get the best deal, and how these compare with past deals and predicted future deals. Any guidance…
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Split up with GF. Negative Equity. Mortgage help needed
Ok, so my GF (now ex) has left the house we bought together to go back living at her mums. We bought the house in April 2007 (the peak more or less) with a NR Together Mortgage. We borrowed £90,000 for the house and £5,000 on top to pay off debts. The current balance on the mortgage is £91,000. Now, I havn't had the…
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2nd mortgage
hi, i currently own a house worth £100,000 with a £10,000 mortgage on it. My partner and i would like to move closer to my sons school. We have seen a house that we both like, it is on for £90,000. The plan would be to take out a small btl mortgage on our house, to use as a deposit on the new house. i have a tenant for our…
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2nd mortgage to buy house? 1st house negative equity
Wondering if I had a 20 % deposit for a new house, but had a current house in negative equity, would the bank approve a mortgage ? Reason I would consider not putting that 20 % amt into current neg equity house is because I hate it (to put it simply :( ) and that amount would still not clear the negative equity. I can save…
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Bank of Scotland Shared Appreciation Mortgage
Please could someone give myself / mother some advice. In 1997 my mother took out a shared appreciation mortgage with the Bank of Scotland. The mortgage seems different from other schemes that I have read up on because it they generally seem to give an interest free loan for a percentage increase in the future value. The…
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HSBC have created a crisis
Ok - Here's our story, and hopefully someone can give me some advice as to what to do because I'm going out of my mind with worry. We currently have a mortgage with HSBC which we've had since 2005 and have never had any problems with it whatsoever with all payments being made on time etc. Back in August, my wife and I…
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Help on a mortgage / bridgeing loan
Hello all I currently own my own house with no mortgage left on it. I have placed this on the market to be sold this week. Today I have had an offer on a new house accepted, but I need to be able to proceed quickly to obtain the house. I didn't think this would be an issue as I also have a 47% deposit (without selling my…
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Mortgage declined!!...Help for FTB????
My partner and I have just lost a lovely house due to having 2 mortgage applications declined....firstly due to the deposit being a family gift (and not our own savings!!! So much for encouraging parents to help their kids out!) and then because my account hasn't been 100% in credit for the last 6 months! What is this all…
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Intelligent Finance Mortgage Changes
I have a slightly different question to the other people who have posted threads on this subject. IF have sent a letter stating that from April 2010 I can no longer port my present mortgage if I move house. I am fortunate to have a very good deal at the moment which is only 0.12 above BOE rate and reverts to 0.62 over BOE…
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HSBC discount Vs Fixed rate
Please can someone advice me between HSBC discount rate Vs. Fixed rate mortgage? Discount rate - 3.89% (SVR) Fixed rate - 5.99% (over 2yrs) Personally, over the next two years I feel it is worth taking the risk for discount rate?.. please advice...
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Take offer of fixed or wait
Hi folks- At the start of July i got a bit jittery and booked a fixed rate with the RBS of 4.69% for £80000. I have about 2 weeks left to decide whether i take it up or not but now i'm not so sure. My current deal with YBS is fixed at 4.99% till end of Feb 2010. This was for £80000 (approx £77000 outstanding at the moment)…
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building extension ran out of money need to re-mortgage!!!
Hi We are currently putting on a big extension to our house, we re-mortgaged the property to release some equity in order to fund the project but it looks like we will run out of money... Our existing property is valued at approx £340k our existing mortgage is £300k. We have been told by our existing lender that we cannot…
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Confused about remortgaging
Hi, my current deal with RBS (Base + 0.24%)comes to an end on 30th November, when I move to SVR at 4% currently. This is the first time I've had to remortgage. They've sent me a letter to say to call them to discuss new deals which I will do, but would like some info first. They say if I'm keeping the same mortgage amount,…
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Name off mortgage - solicitor rip off!!!
just wondered if anyone can help me, trying to take my name of a joint mortgage and this will be the third time that i have done this. (im very unlucky when it comes to buying a house with someone i love as we then split up - NEVER AGAIN will i buy a house with someone lol) The first time (19) my name was taken off i just…
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Advice on Portugeese Mortgages Please
Hi, Im purchasing a property in Portugal and was just wondering if anyone had any advice on the process which I would need to undertake to obtain a mortgage? Thanks
