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Remortgage or not?
Hi all, I am considering remortgaging from a fixed rate (4.69%) to a tracker type mortgage. The best offer i have is 1.99% 2 year tracker, this includes a £1500 arrangement fee & will bring down my payments from £549 pm to £451 pm approx. I will incur a early repayment charge of 2100 as i am tied in until 01/01/2013, that…
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Mortgage / Tax Issue
I earn £46,000 a year gross but I do not pay tax so as a result I take home £3500 each month (after pension). Are there mortgage lenders that lend based on affordability as I find they will only lend on my annual income although you can appreciate that to earn the amount I receive each month I would have to be earning…
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Mortgage advice please
just been informed halifax gave us wrong outstanding mortgage balance 4 months ago before we put our house up for sale. this now means our 20% deposit which would have guaranteed our new mortgage will now only be a 10 - 15% deposit. we were confident of getting a new mortgage at a fair rate with 20% deposit. question is…
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Not authorised by the FSA
I am having trouble getting a mortgage with my husband as he has 3 ccjs on his file. I was using an independent financial advisor but she hasn't been able to come up with anything. I had a search on the internet for bad credit mortgages and found one. The company called me tonight and had a quick chat, he mentioned that he…
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turned down by bank
deleted awaiting further advice from financial advisor
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A and L dont like me
I recently applied to A and L for a further advance on the mortgage they said on the phone "Cant see a problem" anyway today i recieved the news i deaded "No" Basically weve had some work done on the house which has cost us £25k and went over budget by £5k. I applied to borrow another £10k this would save me about £200 a…
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Question about endowment
If I have an endowment with a certain surrender value now, and (say) a bonus of £1000 is added at 31st December, will the surrender value be correspondingly higher in January, or will it be about the same?
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Remortgage or personal loan
I have quite a bit of equity in my property and need to make some home improvements. I wondered whether it would be better to increase my mortgage or take out a personal loan. I can afford the repayments for both but wondered if having loan, say over five years, would affect any mortgage applications I might make for a new…
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buy to let mortgage to repay equity release company
Hi, I have recently inherited a house which has had equity release taken out against it. Having spoken to a solicitor, the amount that needs paid within one year to the equity release company is around £22,000. The house itself is valued at around £180,000. I don't want to sell the house, but I don't have the cash to pay…
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First time buyer - using equity in parents home...
Firstly apologies if I raise a common theme. I have had a browse about for information on my query but can't find too much and I wanted a bit of background before talking to financial advisors/mortgage brokers. Basically my question is as follows - Is there any mortgage deals out there that enable a child to use the equity…
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With Profit Endowment
Is there any way to obtain further compensation for mis-selling once you have accepted a settlement sum?
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Mortgage interest-only
At Bank rate of 0.5% what is reasonable monthly payment to Lender on £250,000 on Interest-only mortgage. 250,000 x 0.05% only adds up to £1250 a year(£104 per month) Am being charged £430 per month....is this reasonable/ normal with other lenders?
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Mortgage needed quickly
Hi everyone, I'm hoping somebody would be able to give me the benefit of their experience. I'm interested in buying a property at an upcoming auction (7 Dec) and am wondering how long it would take to arrange a mortgage in principle and if there's enough time to do this before the auction date. The money for the purchase…
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Mortgage help
Help, I'm in a hole. I have recently put an offer in on a house as I had been accepted provisionally by the Halifax for an 85% mortgage thro a broker. We had the survey done then I was told that head office had cancelled my application but did not tell me why. I dont have a perfect credit record, but having been passed…
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Mortgage offer and credit card conditions
I have as part of my mortgage offer a condition that I pay off a secured loan and 2 credit cards. The secured loan will be paid off after sale of my current home and one of the credit cards is just about to paid off now, leaving one with a few thousand on it. This should be paid off at the very last minute before I…
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First time buyer
Me and my girlfriend want our own place we have a income of around 36K and have seen a property for £99,950 the problem is we have no deposit what are my options? should i wait the year or two to save a deposit 100%mortgage parent guarantor please help anyone!
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Best 3-5 year fixed deal right now?
Been having a bit of a scoot around and tbh the fixed rate deals (longer term) are just awful aren't they? Stating the obvious of course! So, what's the best FR 3 - 5 year deal people have seen? We will probably need around 40% LTV so could easily look at a 60% LTV mortgage as a few lenders offer?? Found a First Direct one…
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Mortgage possibilities on 45k Joint Salary
Hi All, myself and my wife our first time buyers, we have a joint salary of 45k and have a 5k deposit at the moment, we currently rent at £650 a month. Anyone know what house prices realisticly we could be looking at?
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Thinking about Remortgaging and Funding Extension
Hi, I'm starting to think about my plans for the next 3-5 years and namely my plans for my property etc. I am coming to the end of my 5 year fixed rate deal on a Northern Rock Together Mortgage and I'm planning on starting to look at my options shortly after Christmas. I have plans drawn up for an extension to my house, in…
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5% Deposit by me and 5% Vendor Mortgage help!!
Hi, I'm currently looking at properties and wondering if people know of any mortgage lenders who accept a 5% buyer and 5% vendor deposit mortgage? (I believe Abbey are 1 of them) Ideally I would like to save the full 10% myself but it has already taken me 18 months to get to the stage I'm at now. The property value is…
