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Mortgages & endowments

Archives for November 2009

FTB Mortgage Questions
HI All After renting for several years, we have decided to start looking to buy for several reasons. One of which is that I know that within the next 2 -3 years the company I have worked for 15 years will be selling the business and converting the land into something else. I currently get paid a very good full time wage…
Can I get a BTL mortgage as a first time buyer? How can I do this
Hi I am looking to get a property which eventually I many live in. But for the first 5 years I will probably have to let it out. I have been told that I could do this on a standard mortgage but I would have to play the game. Or I could do it legit on a BTL. The problem is I dont know if I could get a BTL as a first time…
Porting
Hello, Was wondering if anyone can help me, My husband and I currently own a house worth around £220,000, we are wanting to move, we have a buyer, without putting the house on the market. We were thinking that instead of getting a new mortgage we thought we would port it as we have a ok deal, as the house we like is up for…
take your house away to pay for your care in the uk
I just wondered what your opinions are on people that go into care homes and the parent ends up having to pay from the house and savings for their care and the children end up with nothing, or not much, when the parents have worked all their lives to provide a better existence and security for their children and this is…
Would I be able to have two mortgages?
Hi all, I'm after some advice please. I own my flat, been valued at 80k, outstanding mortgage on it for 68k with a fixed term rate coming to an end in december & payments dropping to £220 from january. I'm looking to buy a house with my partner & have seen the PERFECT one today!! Is on for 150k & I have a 10% deposit…
Secured Loan
I have a secured loan with Welcome Finance, this was a £22,000 loan, it is over a period of 20 years, I have had the loan for just over 5 years, now I am pretty poor with finances, I never really check statements etc, but due to sites like this, I am more aware of issues, I recently checked one of my statements for this…
London & Country Mortgage Advisors
Hello all, just wanted to find out what people thought of the London & Coutry Advisors? many thanks
Before I get a mortgage?
Hi I want some advice if poss, I want (actually I need) to buy a place in the next year. I will be earning approx 30k in six months time, I have about 15k saved. However I have about 8k in debts, (car loan and credit cards). I realistically dont think I will be able to pay this off before I need to move out, I really need…
Recently Self Employed: How to Mortgage?
Hi, I'm a victim of the current economy and lost my job. The Good news is I've got a new job that effectively doubled my salary. (lost all sympathy there I guess!) The Bad news is I'm on Short Term Contracts (3Months for this one) like I used to be before my full time position got rid of me. However, 5 years ago when I…
What value mortgage can we get?
Hi, just looking for a rough idea really. Our house isn't on the market but hope to put it on early next year. With savings and equity we should have approx £100-105k deposit for a new house. (I'm being quite conservative on the estimate of how much how our house may sell for, as I think the current asking prices round…
Please reccommend me a decent mortgage broker for Teesside remortgage
I hope someone can help me. I need a fees free all of market broker to try and find a decent remortgage rate for my mother (49 years old). The problem is that she is awful with money in terms of using easy credit from days gone by to fund everyday life because of a poor job and lack of management. I'm so dissapointed…
Please reccommend me a decent mortgage broker for Teesside remortgage
I hope someone can help me. I need a fees free all of market broker to try and find a decent remortgage rate for my mother (49 years old). The problem is that she is awful with money in terms of using easy credit from days gone by to fund everyday life because of a poor job and lack of management. I'm so dissapointed…
No credit history = no mortgage?
I've been told by two IFAs that with my current income, deposit, and having no outstanding debts/CCJ's I should have no problem obtaining a FTB mortgage. Having now applied for a mortgage I've fallen at the first hurdle, having failed a credit check. The IFA has suggested obtaining a copy of my credit record to look for…
Edwards geldards & the mortgage corp
In 1992 we lost our house primarily because we lost my wifes salary due to ill health. The press was full of ministerial advice to "tell your lender if you can't meet the payments" I told my lender the first month I couldn't meet the full payment --gues what 10 days later a writ for possession came. We had a mortgague of…
Origin of deposit funds
Deleted. Please ignore.
SVR rises higher and higher whilst base rate lowers
Am I the only one who feels the mortgage lenders are pulling a fast one! They legally have to advise you on their inital offer that when your deal expires then your looking at 2-2.50% SVR (yes, that was on the paperwork two years ago). But now that your in the SVR -they move the goal posts. B OF Scot SVR is 4.35 ABOVE B Of…
company projection for next year
Any one know what do you usually include for company projection for the comming year as the lender has asked for it.. is it just the figures the accountant will submit or i have to write down how i set my bussiness for the comming months?? any advice much appreciated thankss
mortgage aplication today
had a mortgage promise from halifax 2 months ago.. had all my paperwork there on front of the muppet and eem he made a mockery of it. As they say the mortgage promise its no worth the paper! we went looking for a loan of 190 k and with 40 k deposit. and he offered us a shocking 343 k affordability !.. it made us think…
Why won't lenders consider me for a mortgage as i dont pay income tax
I am looking for a mortgage and I am finding that because I don't pay income tax due to the nature of my work (offshore), many lenders/underwriters will not consider me for a mortgage. What is the reason for this?
Temporary Reduction in Pay - Mortgage Offer Effected?
My OH has just signed the final form approving his mortgage offer on the house we're buying. The bank is happy with everything and we should be moving within a few weeks. However... He (and the rest of his office) found out today that they will be working a 3-day week until Christmas, going up to a 4-day week in January.…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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Mortgages & endowments

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