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nationwide mortgage
i am with the nationwide & tied in until 2013 at 5.95% - pay around £400 per month & also overpay £500 per month which is their maximum early redemtion is around £1400 & to buy into the TSB 2.99% deal it is around £1250 basically i have a mortgage of around £50,000 Is it worth changing to the TSB for the 2 years then onto…
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Portable mortgage - what next?????
Hi there I have a mortgage of around £150,000 with A&L. It is a base rate + .75% and is portable so pretty good. Our flat is worth around £225,000 so we have around £75,000 deposit and our budget for the next place is £300,000. Therefore the deposit would be 25%. My question is I would like to port the current mortgage as…
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Mortgage term past retirement date?
I am a home owner who currently doesn't have a mortgage. I am looking to take out a mortgage on my home in order to buy a buy-to-let. I would like to spread my mortgage term to 25 years. However, I'm 44 years old. Will lenders be willing to provide a mortgage that lasts beyond my 65th Birthday? Many thanks, Luke
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Help! getting nowhere with remortgage...
Really need some help here! Our situation is that we brought our home cash 3 years ago, we now want to take out a mortgage (although it's actually a remortgage as not buying property with the money) to build an extension and do vitual repairs to property. The house is worth approx £200K we want to borrow £60K. My husband…
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Hungarian mortgage
Do any British banks or bs's give mortgages for property abroad?
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Question of the week: Need to declare upcoming redundancy on mortgage application?
Q. I'm going to be made redundant in December. Do I have to declare it on a mortgage application, or can I just state my current employment status? Adam, by email. Answer. You should always answer the questions honestly. So where it asks you to fill in your job, you are currently working, so you should put your current job…
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First time buyer with 40% deposit - which mortgage?
Hi, Me and my partner are buying our first home and are in a lucky position to have 40% deposit. Originally we have been looking at a fixed rate 2/3 year with a repayment of around £500 per month. So far the best deals seem to be with First Direct and Northern Rock (anyone have experience of using either?) Is fixed rate…
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2 Year Fixed Rate or Tracker (<75%LTV)
Opinions please - looking for a 2 year deal on a new house purchase - my advisor thinks a 2 year tracker is best but I'm swinging towards fixed rate - current rates would be 3.28% tracker or 4.18% fixed? I think we're likely to see BoE base rate inevitably rise from the current 0.5% certainly after the general election but…
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Advice needed!
I currently have a 240k mortgage on a 330k home but have 90k on credit cards and loans. Through illness I have been unable to work but my wife works and our joint income is £3k a month. Outgoings are nearly 2.5k on the cc and loans per month alone which leaves very little left over to live on. I want to borrow more against…
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Joint mortgage with ex and no contact to get her name off.
Hi Guys, Complicated situation I have here - hopefully someone can shed some light. My ex and I split a couple of years back, and i bought her out with a letter stating that she would be given x amount of cash and signed by her, myself and my stepfather and it was left at that. Two years down the line, I have now let the…
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Repayment advice please
[FONT="]Hi guys. Just wondered If I could get some advice.[/FONT] [FONT="]Situation: [/FONT] [FONT="]Bought a flat in Nov 2007 for £173,000. Put up a £10,000 deposit and got a Nationwide mortgage for £163,000 @ 6.2% for 2 years fixed rate. This is interest only and costs me around £850 per month. The mortgage…
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Re-mortgage home for buy to let - which type?
Hi, I am currently an owner occupier with no mortgage. However, I am looking to release some equity by re-mortgaging in order to buy a buy-to-let. Repayments for a repayment mortgage (particularly if it's fixed) would almost certainly not be covered by the rental income were interest rates to rise by more than 1-2%. I am…
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Tough choice!
Hoping some of you guys will be able to offer some advice on how best to proceed. Myself & my partner are looking at a property that we’d like to buy, and I’m in the process of selling my flat in order to finance this. However, due to some old credit issues my partner has, we’ve had a few problems. First a bit of…
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High Interest Mortgage companys for people with poor credit-Help
Hi I was wondering if anyone could advice me on the best company to go with who offer this kind of service. Me and my husband bought our home in March, my father borrowed against his own home for us to be able to do this. We pay £1100 a month at the moment which is alot as the house is worth 100k, we manage this but we now…
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Save or Overpay
Hi All, I am hoping for some advice, I am looking to move into a larger / more expensive property my previous deposit has been eaten up by the drop in house prices and my mortgage is about the same as the value of my flat. Now do I save up a new deposit, or do I overpay my mortgage until there is effectively a deposit…
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newly self-employed - mortgage options?
What are the current options for the self-employed now that self-cert will no longer exist? Husband currently employed but will soon be self-employed, so will not have any accounts to prove income etc. Are most lenders still wanting 2 or 3 years accounts? Keep thinking it might be better to buy a house now while still…
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Mortgage to allow devt of new house
Hi Can anyone advise. I do not have a mortgage on the house that i currently own and live in except for c£400 in total which I decided not to redeem (this allowed me to preserve the 'overpayment reserve' for a rainy day). The overpayment reserve is 80k. The morgage is with Nationwide. I have agreed a price on a new house.…
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90% mortgage with HSBC - Fix, tracker or discount?
Hi all, looking for a bit of advice as to which type of mortgage to get. My girlfriend and I have had an offer accepted on a flat for £173k and an AIP with HSBC based on a 10% deposit giving a mortgage amount of £155,700. We can afford a little bit more than 10% dep but not as much as 15%. The mortgage types HSBC have for…
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LIBOR Mortgage - Advice needed
Hi guys, Im due to come off my fixed 3yr 6% livingstone mortgages mortgage at the end of feb 10. I have recently (august) had a letter from livingstone stating that the following will take place: Current 6% mortgage of £800 will come down to current libor (+3%) of 1.27 - £585 payment per month. This is good news but as i…
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Repayment mortgage vs interest only
If I were to take a mortgage on a repayment for a loan amount of £100000 @ 5.63% basis for a term of 30 years, This is what I would be repaying as part of the Interest and Principal everymonth untill 240 months (30 years). ================================= Months |Opening |Interest |Principal |Closing…
