-
Parents buying new house and I am buying theirs.
Hi, My parents are going to buy a new house next year, their current house is worth approx £ 130,000. When they move they want to start a brand new mortgage for the same amount. Their current mortgage is £ 250 a month for the next 10 years, They would like me to rent the house for £ 500 a month which would pay the £250 a…
-
Remortgaging and valuations.
Looking for a bit of info here. I have a 2 bed flat which I bought for 185k with a valuation of 195k which was obviously overestimated at the time. With 180k left to pay on the mortgage and my fixed rate period now up it would be advantageous to swap lender as abbey have a poor variable rate ,around 4.6%, compared to other…
-
What hope have i got
Hello. Just a quick question. Been renting for quite awhile now , fed up with it and want my own flat. Have 20 - 25k as a deposit and looking ( hopefully ) in the price range of 120k - 130k . I have no ccjs and a good credit history. One problem though is that i work in the construction industry as a sub-contractor. I have…
-
CeMap 1 & 2
Hi guys I will be appearing in the part 1 and 2 exam shortly. If anyone has any material like old papers, reading material (CD) or anything for sharing that will be highly appreciated. Thanks my email address is: [EMAIL="asgharreh2004@yahoo.com"]asgharreh2004@yahoo.com[/EMAIL]
-
Getting mortgage for first house and then rent it out?
Hi, My fiance and I have found a lovely flat we want to buy which is great. We have enough deposit and can cover the cost of a normal residential mortgage. The thing that makes this interesting (and has promoted the post) is that my fiance and I are in a lucky enough position to be staying with out parents and want to…
-
Switch to Interest only? Advise needed
Hi I bought a property with partner 2 years ago, unfortunately things didn't work out and now the property is just in may name. i owe about £93k on a 5.9% 3 year fix 25 year mortgage with bradford bingley (now ME) paying around £630 per month. I haven't contacted them yet but i have been thinking about asking to change to…
-
Buy new house but hold on to old one for a few months
Hello, My partner and I have a mortgage on a flat. We've paid about a third of it off. We are thinking of moving house, but need to redecorate our old flat before selling it. If we could prove that we have enough savings to pay both mortgages for a few months, could we: buy a new house, move all our stuff out of the old…
-
Newly self employed.
Newly self employed no books, but plenty of work. Got a 150k deposit, 100% clean Credit History, no loans whatsoever.......and looking to buy up to 250k , (which is less than 2x income) will any one lend, now that self cert is no more. Cant see that I am high risk, with such a large deposit? Surely, any employed person…
-
Mortgage Advice
Any help would be very much appreciated... My wife and I are looking to remortgage our 200,000 home with a 164,000 (82%) mortgage. We're both employed full time and our combined annual income is £72500. The thing is I'm a discharded bankrupt from October 2005(discharged 1 year later) My wife has a good credit rating. Not…
-
mortgage claims - genuine?
we've been contacted by the estate agent who helped us to arrange our mortgage in 2002. we moved from halifa to nationwide on a 5 year fied rate mortgage. The estate agent (who works with cartell review) is suggesting that we have a potential case worth up to 5k in a mis-sold mortgage. he will assist pushing it through for…
-
Mortage express rates?
Hello, Can anybody please tell me what the PVR is for ME at the moment I am due in Nov to leave my fixed rate. This is not a BTL originally a self cert. Many thanks.
-
FTB, Shared ownership, Freelance and Part Time
Hello Everyone (long, sorry) We are FTBs and have been saving a deposit for the last 4 years, currently we have £30,000 (sounds a lot but doesn't go too far in London). We don't quite have enough to buy what we want on the open market (1 bed flat at £200k). So I looked at shared ownership new builds, decided they were bad…
-
Any 95% Mortgages for FTBs?
As per the title really. I've seen a few news reports saying stuff like "there are now only nine 95%LTV mortgage deals when this time last year there were 367." My question is where are the nine deals, because I can't find them? I can't imagine being turned down if a company is offering the deal, as my credit rating is…
-
What to do?
our 3yr fixed rate with nationwide is coming to an end in jan 2010, so will revert to standard mortgage rate after that, we have £20k in savings, can i put it all in at once to reduce capital or am i better overpaying each month till it is used up, house value £130k mortgage £90k. advice please.
-
Best 10% deposit mortgage??
Hi, I have been researching different sites and have come across HSBC at 4.89% which is linked to the baseline so could go up to much higher! It is also fixed for 5 years. :rolleyes: Does anyone know of any other products that would avoid the uncertainty and with a decent rate? Thanks J xxx
-
Interest Rates
Me and my boyfriend have recently started thinking about buying our own place and are in the process of saving a deposit. It's our intention to look for a 'fixer upper' if we can, and get a house really cheaply. We recently saw a property selling for 61k and loved it but it turned out it wasn't mortgagable due to the side…
-
Are we Stuck?
Hi everyone! First time poster here... We would love to move, we are itching to be honest there are a lot of new developments being built around us. I renewed my mortgage and took 3 years fixed rate - I paniced tbh with the scariness of rate increasing and low and behold they drop!!!! Anways.... I called the mortgage…
-
Are we stuck?
Hi everyone! First time poster here... We would love to move, we are itching to be honest there are a lot of new developments being built around us. I renewed my mortgage and took 3 years fixed rate - I paniced tbh with the scariness of rate increasing and low and behold they drop!!!! Anways.... I called the mortgage…
-
should i pay off mortgage or loans?
i am in a position to pay off our mortgage.the mortgage currently stands at 49k over another 17 years at £400 p/m,@0.76%.i have a couple of loans of 4k@13.2% and 5k@6.4% could you please advice on how to pay off debts many thanks.
-
Mortgage and divorce help!
Hello everyone, I have recently parted company with my wife, which was my decision. We have a 2 bed flat, purchased in 2006 for £118,000 The mortgage is a open ended tracker at 0.56% above base rate on interest only. I have moved out and left everything to my ex wife, I want it this way as I can do it all again, she can't.…
