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Confused about mortgages :(
Hi, Basically I'm a 1st time buyer - I earn 24k a year and have a 30k deposit for a house - does anyone know how much I could borrow on these facts???? I have a partner but I want to keep the mortgage in just my name and just me on the deeds in case thing's don't work out between us. Can I afford to get a house with just…
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Mother's Shortfall Endowment mortgage
Hi, I'm really looking for a bit of advice, my details my be a little incomplete but I will try to give what I can. Years ago (at least 20) my mother took out a Endowment mortgage, she has been informed that there is going to be a shortfall on the mortgage and she will be short(something like 8k). The trouble is she…
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Amber Alert!!
Hello everyone, I have just got a letter in relation to my endowment which states "Amber Alert" - significant risk of endowment not covering mortgage! It is with the Police Mutual, they have changed their projections to 3% 5% and 7% from 4,6 and 8%. The 5% shows a shortfall of £5k. Their projections have been reduced due…
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This is it!! Inflation on the rise !!
I mentioned to watch out for this eariler this year !!! How does the government control spending , by raising interest rates !! Full story !!! http://news.bbc.co.uk/1/hi/business/8363656.stm
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Moving from 2 year tracker.
Hi, I'm coming to the end of my current mortgage package, a 2 year tracker with Nationwide. I have about £33,000 left and my monthly payments are about £175. I have a steady income and no outstanding debts. My question is would I be better off getting another short term tracker or would another product suit my needs?…
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Scottish Amicable Endowment Terminal Bonus Values
Anyone have an up to date maturity value for policies maturing at the moment Thanks
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shared mortgage advice
I am seeking advice for my daughter's bf. In order to get a mortgage (as he had one declined in his own name) his father went onto the mortgage, but did not pay anything. His father died recently, and now bf has been informed he has to re-apply for the mortgage in his name. Is this a formality, or is he likely to have the…
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FTB Mortgage..sound like a good deal?
Broker has suggested 3.14% tracker FTB mrtgage for 2 years with 25% deposit. No arrangement fee. Think its with the woolich or Abbey. Does this sound competitve,? what have other FTBs on here been offered? I have credit score of 455/500 with eqifax (not on electoral roll has lowered it) will the lender knock us back for…
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Let to Buy Mortgage - Where Do I start?
We own our current home outright and are mortgage free. Due to job relocation we're thinking of buying somewhere a lot cheaper and renting out our current house until the market picks up. It obviously makes sense to get a mortgage on our existing house as we'll have a lower loan to value ratio. What I'm not sure about is…
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How Would Possible New Job Affect Mortgage Application?
There is a possibility that I may be made redundant at the end of the year. On the plus side I will end up with a deposit (previous house sale proceeds + redundancy) of around £100,000 but on the negative side I know I won't be able to get a mortgage until re-employed again. I have had an account with HSBC for some years…
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court orders
Pls bear with me, legal advice required. If a court order was made to pay mortgage arrears of £5000.00 at £200.00 per month plus normal monthly payments, then the arrears were paid off in full within a month, then due to the economic down turn within 16 months we were back in arrears and the mortgage company are seeking a…
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Is it likely I will get a mortgage for 5 times my salary?
Hi, my salary is £16,000 and I have a deposit of £30,000. I have been trying to get a mortgage for 5 times by salary. So I am looking to borrow £80,000. So far I have been to Barclays (Woolwich) and told them my salary, deposit, and that I have no debts, other loans etc. They have offered me 5 times my salary based on…
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disputed second charge
My girlfriend and I own our bungalow worth approx 145k. We have a mortgage with Abbey of approx 87k...all up to date with no problems. Unfortunately I got in a scrape through my business and ended up with a finance company getting a second charge through the court, of 23k, and gathering interest. This was NOT money I…
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When would we need the full deposit by?
Hello helpful people, My husband and I are currently saving for our first house. We have a bit of a deposit put away now but are planning to step it up a bit in the next few months and make a proper, MSE-style effort. What I was wondering, is when will we need the exact deposit available for? Say for example we have 12%…
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Do i get the Woolwich Mortgage reserve account automatically
Hello, We have a mortgage offer with Woolwich and we are due to exchange contracts next week (as long as all goes to plan). I'm on fixed rate 2 year deal for 3.89% and our LTV is 60%. I've heard that there is something called a Mortgage Reserve which is a secured overdraft against the value of your house (up to £20000).…
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Mortgage calculator that includes all the set-up fees?
Hi I'm trying to research the best mortgage for buying a new house. I'm only looking for a fairly modest mortgage <£100k and I plan to pay off a large part of that in the next 18 months. With a short term, low value mortage, fees start becoming a significant bit of the cost. I want to be able to compare overall cost of…
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Adding debt to mortgage
hi, not to sure if this kin of thing even has a proper name but il give explaining it a go! basically my OH has got a bit of debt, around 11k (loan, credit cards) really want to get it all put into one loan so that he can start paying it off properly. he seems to think that because halifax made a !!!! up with his credit…
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BEACON GONE! - Mortgage with defaults - Please Help!
Hi All, i was in the middle of processing a mortgage through Beacon when we have been told this weekend they have now pulled any applications which havent already had an offer! Myself and my partner can provide upto 35% deposit on a £180,000 house we are purchasing, however we both have defaults totalling £12,000 (which we…
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Any mortgages with no tie-ins?
Hi All, Are there any available mortgage products without tie-ins (early repayment charge) available at the moment? I have 15% for house upto 250k Suggestions appreciated
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Co-Ownership
Anyone have experience in co-ownership mortgages?
