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A big thankyou for all the advise!
Hey everyone, I posted on here a month or 2 back looking for advise on getting a mortgage with my bf. The main prob was he had some bad credit. we were oringinally looking at getting a 3 way mortgage with my sis so we could all get on the property ladder with the hope of splitting the profits once sold. However the advise…
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A very big mountain to climb
Hi My bother is in a pickle. He is on a interest only for his £156,000 mortgage. That works out at about £450 a month just now. His salary is £40,000 (ish) The worry of course is that as time goes by nothing is being done about the actual loan amount. Currently he is on the variable base rate (as its low) but the worry is…
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SVR or new tracker
Hi, our 2 year tracker rate is about to expire and we have been advised by an independent broker that we should move to a new tracker. However if we stay where we are now (Halifax) and go on to the standard variable rate, this is currently significantly lower than the rate the broker is recommending we move to. What I…
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Mortgage Deposits
Hi Im posting this on behalf of my sister. She made an offer on a property £100k about 3 months ago, as there was a sycamore tree at the end of her path she has spent the last 2months trying to find out who legally owned the tree,local council/highways department etc. The local highways department has now acknowledged…
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mortgage contract ending
my mortgage contract with abbey is coming to an end, i bought the mortgage for £110k on a fixed rate of 6.39 and now im not sure as to what steps i should take hence i have a few questions i was hoping to get help with: 1.would i be better off staying on the standard variable rate which at the momment is lower than my…
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First time buyer
Hi guys and girls looking to take my first step on the property ladder as i have managed to save some cash and and also some help from my old man get a deposit together. Some background - im 23 years of age, still living with my mum and my credit history is not great to be honest. My income approx 1200 p/m after tax. The…
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Fast turnaround on a mortgage for FTB?
Hi, I wonder if any of you clever people can help me? We have just had our offer accepted on a house and need to sort out the mortgage. We were going to opt for First Direct's offset tracker (we are not yet First Direct customers) but their website says they take up to 12 weeks. This seems like a very long time - is this…
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How long will I be able to stay on interest only?
I have been on Incapacity Benefit for over a year now and have been on interest only for the last 3 months. I am going to be out of work for some time and wondered how long the Halifax will allow me to continue with this. I am struggling to pay the interest out of my IB but don't want to end up in arrears. I have minimum…
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GE Money Fixed Rate due to end- Help
Hiya, I'm new to this so please bear with me. My 3 year fixed rate mortgage with GE is to end in January 2010, looking at my terms and conditions it states that ' after the initial rate the mortgage will be a variable rate which is 1.890 above the Barclays Bank Base rate currently 5.00%' my worry is I've heard lots of bad…
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Mortgage - Help needed!
Hi, My bf and I are starting to look into buying our first house. We went to see a mortgage advisor yesterday at C & G. We have been told that we can borrow the amount that we are looking - £170,000 and have a £45,000 deposit. Intially we have been onto moneysupermarket to look at the best deals around which is why we…
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2ns mortgage?
Hi, advice needed. I currently own my parents property, i had to buy as they were to be repossesed in 2000. I want to know what my chances and the easiest way to get a 2nd mortgage? without affecting my parents home. my details. 1 CCJ 3 yrs not paid mortage arrears in last 12 months mortgage outstanding - £90k house value…
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Should I increase
My mortgage is due to finish in June 2011, I am on a repayment daily variable and now find I can spare more money each month. Should I pay an extra each month? or should I just pay my mortgage off? Bearing in mind I am one of the stupid people!! I have been with tha same provider for 23 years!!
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1st Time Buyer - advice appreciated
Hi. I am 29, looking to buy on my own. I earn £41.5k and I have a £10-£12k deposit.....I also have a few late payments of cc's showing on my credit history? I have a loan that finishes in a couple of months, never missed a payment. Will any of this affect me getting a mortgage. Looking for about 100k Also, the mortgage…
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Are mortgage arrangement fees legal?
The various bank account and credit card account charges have to be related to the administrative cost they incur on the financial institution -by law. However when it comes to mortgage deals it seems FI's can charge what they want. What's the difference? Would it not be far better if the set-up fees were related to the…
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HSBC mortgage
Hi, we are first time buyers who have just had our offer accepted on a property. We are looking for a £50,000 mortgage on a £160,000 porperty and have stumbled across HSBC's lifetime tracker 60 at 2.74%. Over 15 years the monthly repayments are doable and we have a fair amount of wriggle room for when the base rate…
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Getting a mortgage while on a fixed term contract
Hello I'm currently working full time on an 18 month contract which has a view of extention or permanancy. I also have £55k cash from a previous property sale and I also have a very good credit history. Can anyone advise me if I would get a mortage? I'm really keen to get back on the property ladder asap as am starting to…
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Divorce mortgage problem
Can anyone offer any advice please? I am in the process of going through a divorce and my ex husband has agreed to sign over the house to me. I have applied to take the mortgage on byself on salary of £28,000 (plus unsocial hours pay approx £3600pa), mortage value is £137,000. Not surprisingly my application was turned…
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Base mortgage rate or capped tracker?
Hi everyone, At the end of October our fixed rate mortgage will come to an end (5.34%) and we will revert to the base mortgage rate of 2% above the base rate equating to 2.5%. This would mean that we save £263 a month off our mortgage repayments. The big dilemma is whether to take a chance on interests remaining the same…
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Can anyone explain what this means on a land registry document please
Land Rester Title absolute Date Restriction . No disposition of the registered estate other than a disposition of any registered charge registered before the entry of this restriction is to be regestered without a certificate signed by the applicant for registration or their conveyancer that written notice of this…
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intelligent finance morgages help
I have a morgage with intelligent finance ive got a letter from them saying about changes to morgages .It says they no longer do morgages ,so even if i wanted to change products for example we are on there SVR at the moment we cant even change to a fix .If we want to fix or borrow more to move home in the future we would…
