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Help! we can't find a mortgage
Hi My partner and I live in a shared ownership flat and have about £12,000 in equity to use as a deposit. We have a joint income of £71,000 and can afford mortgage repayments up to a value of £248,000. We have seen the house of our dreams for £245,000 but need a 95% mortgage to buy it and nowhere seems to be able to lend…
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HSBC - 1.99% (t's &c's apply)
HSBC have launched a 1.99% mortgage but with a £1,199 fee and limited to 60% LTV. Green shoots? GG
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Mortgage shortfall
We gave up our home last year voluntarily as we could no longer afford the mortgage and had a baby on the way. Ten months after doing this we have received a solicitors letter telling us the amount we owe in shortfall is £84K!!!! There is no way on earth that we can afford to pay this back as we have no assets and income…
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100% Mortgages gone - other options?
Guys, I'm looking to get onto the property ladder, but I have zero deposit, and realise 100% mortgages are a thing of the past. The only thing that makes my situation (slightly) different to many others in the same boat as me, is that I've now secured a very well paid job (50k+) so am wondering if I still have any options…
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Joint mortgage with my brother... help!
Hi! Looking for some advice... Last year my brother and I purchased a property. Ive been living in the property for the last year and Im now wanting to buy a property with my girlfriend and move out. My brother is going to move in with his girlfriend but I want to sign the whole property over to him so I can get a new…
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LIBOR - utterly confused and bewildered. Please help!
Please could somebody (anybody!) explain how to calculate the 3 month Libor - or where to find it on the web. My mortgage reverts to Libor + 2% today, and my bank tells me the 3-month libor is 1.253%. However, the web site "This is money" tells me it's 0.675% - a big difference. Please could some kind soul tell me where…
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MSE News: The HSBC 1.99% mortgage: is it any good?
This is the discussion thread for the following MSE news story: "HSBC has launched a variable rate mortgage at 1.99% – the bank's lowest ever rate. However tempting it may seem, experts suggest you look beyond the attractive headline figure as the devil lies in the detail, though it may still be a good deal ..." Read the…
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Mortgage details on credit report help
Apologies if this is in the wrong place. I need some advice or help if possible. I recently checked my credit file and the mortgage that my husband and I have appears twice on the file. One mortgage in my name and one in my husbands name. We only have one mortgage though, so I was wondering if this is right? Should the…
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My mortgage choice
A choice with the same provider has been offered to my 42-year-old son with a family negotiating his first mortgage: A 25-year term fixed rate mortgage for two or three years at 4.58% (based on a 25% deposit) with a monthly payment of £1343, or a 25-year term base rate tracker for two or three years at 3.29% (based upon a…
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Endowment shortfall
I have been advised that there will be an endowment shortfall of approximately £11000 when my mortgate is due for repayment in 2016. My mortgage is currently split between interest only and repayment. I have £150 per month to spare - should I ask my mortgage company to allocate extra overpayments to the interest only part…
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1.99% Mortgage anyone ?
Sounds OK http://news.bbc.co.uk/2/hi/business/8233491.stm PF
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Circus mortgage / bridging
Circumstances: 1. I own a property, with a residential mortgage, that I am living in. I would like to move. 2. My property is not yet on the market but I have already found my dream home. It is likely that I will be outbid/outrun unless I can come up with the money before selling my existing property. I have already had an…
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mortgage porting
We have 2 bed flat on mortgage with first direct and we are looking to buy a house. The LTV for the flat is 75%. For the deposit of the house, we are planning to remortgage the current flat with 85% LTV with natwest and raise some capital and then add our savings to it. This way we can arrange 20% for the house and we have…
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Legalised piracy?!
I can go into/find out more details if considered necessary, but I thought I'd run this past you folk to see if anyone sees anything which might help, or whether it is actually legalised piracy! As nutshelly as possible then... Our mortgage comes to an end [25 years] this year. It was covered by two endowments. [Stop…
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Bradford & Bingley ERCs
Hi I have a B&B mortgage, and it looks like I will need to pay it up, along with the ERCs as I'll be selling my house but not buying one straight away. Earlier this year they were offering to waive ERCs if you applied to move your mortgage before the end of June (I didn't). Does anyone know / or has anyone experienced them…
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Reducing payment period to save £60,000?
Hi, I was doing some calculations using an online mortgage calculator: search for BBC Homes Property mortgage calculator My current mortgage is £120,000 at 5.75% over 25 years = £228,900 Total. If I changed it to 12 years = £169,344 Total. Which is a saving of about £60,000. Of course the monthly payments go up by £400 but…
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parents in bother.. can they remortgage?
sorry... this is a long one... my father has recently had a serious accident and is consequently laid up in a hospital bed, currently unable to do much with his arms or legs. we are optimistic that he'll get back to decent physical health, so let's try and forget that whole business. whilst he's out of order, my sister and…
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shared equity mortgages
We are first time buyers who have been cornered into using the in-house mortgage broker with the estate agent we are buying a house with. We have a 25% equity loan from MOAT which cuts down the mortgage providers we can use and the fact that we have been told we must use the in-house broker cuts down our providers further.…
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Fix v SVR - Help with calculations apreciated
As of August I fell onto 2.5 svr with Nationwide and have been overpaying by £250 a month for the last 5 yrs whilst on a 5yr fix at 5.99. I'm normally quite cautious with my mortagage and secured a 4.99 5yr fix with Abbey which I have to make a decision about by the end of this month. After many an hr thinking this over…
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I'll be spending less time on this board
Hi guys, Most regulars on here will know that whilst I've not been around as often these days ( for variety of reasons) - I was previously a " VERY " regular from the good old days - seen a fair few good ( and bad) advisers pass through. Just to say I won't be posting very often - As whilst am still going to be running my…
