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First Time Buyer with 20% Deposit, understranding mortgages
Hello, It has been a long time waiting but I think we have finally got our deposit together and are ready to start looking. We have a deposit of approximatley £55,000 and houses which we like and appear to be in our price range are currently priced between £215,000 and £235,0000. If we were to go for a 75% LTV mortgate…
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Mortgage Advice
My fixed rate mortgage comes to the end of it's 3 years this coming April and I'm hoping to get my new mortgage set up well in advance to avoid any last minute panic on my part! What's the earliest I can sort my mortgage out to take over from my existing one? I'd also welcome any advice on what people think would be the…
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mortgage advice
folks looking some advice please currently have NR together mortgage...fixed rate period finished march 09....now on SVR house value is around 90k mortgage is as follows: 57,144 - 4.78% - mortgage 3,723 - 3.99% - secured loan 4,263 - 4.44% - secured loan 11,109 - 4.78% -unsecured loan total - 76k 26 yrs remaning will i get…
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First Time Buyer
Hello all, Just about to buy my first home! I have £20k deposit and looking at houses around £180 or £190k total value. I have a mortgage in principle from my bank (Barclays) but want to know where might be a good place to look for banks who offer a 10% deposit rate? this would allow for more money to put into the house…
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Mortgage Redemption Penalty
I am writing in the hope you can help me, my partner and I recently have split (amicably), and I have agreed to buy her out of the house we are living in, therefore needing to borrow more money My mortgage company Mortgage PLC have a redemption penalty as stated below, and after various phone calls, they are not willing to…
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Future mortgages/arrears etc etc - need help!
I need some advice on pretty much what i said as the title. I'll give a brief backgroud and go from there. Ok, myself and my husband bought our first home last November (when rates were still pretty high!). I lost my job in May this year so we took a 2 month payment holiday then did two months of half payments. This took…
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Credit Check Excellent but problems
First of all apologies because I didn't know which section would be most relevant for this post. I will be getting a mortgage and have been worried about my credit. I checked with Experian and have a score of 900 with now marks against my name for overdue payments etc. The problem lies with a credit check done by O2…
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Cashback Credit Card
Hi Guys, I 've been wondering about this for a while but not sure if it can be done, but if so it coulds save people loads of money.... Is it possible to pay your mortgage repayments with a direct debit coming off your Cashback Credit Card which in turn is going to make your mortgage cheaper????? If so:j John
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Mortgage Help
Hi, I have just come to the end of my two year tracking mortgage with Natwest private banking and gone across onto their standard variable rate which is currently 4%. I called Natwest to try and obtain a new mortgage only to be told the value of a potential new mortgage was over £200 more a month than the standard variable…
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Mortgage Current Account
I'm just about to re-mortgage and the best deal out there for me, according to my broker, is one offered by the Woolwich. It comes with a 'Mortgage Current Account'. I know this means I have to take out a current account with Barclays, but my broker insists that I do not need to make use of the account at all. What is the…
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Is it me or have we forgotten already?
Hey all! Just an observation, I am no longer in the mortgage game nor the home owner game and wont be for a while as you will see from my sig. However is it me, or have we forgotten what has been going on over the last few years. I have noticed people asking questions about silly borrowing and trying to justify high house…
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Get a mortgage or take redundancy ??
Hi Everyone, this is my first post. Apologies If this si the wrong area to ask such a question. I just really need some advice on what to do for 2010. I am 32 yrs old, married with two children currently renting a 3 bed at £850 per month. I hate renting with a passion but it has been the only option for us at the moment. I…
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Overpay or save?
Hi In January 2010 or mortgage rate (with the G&C) changes to their SVR which is currently 2.5%. Our mortgage is for £227K, with house value currently at £350K, with 30 years to run, we currently pay £1181, and it will drop to ~£850. We are more than comfortable to pay £1200 per month, so in theory reducing the terms etc,…
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Mortgage advise
Hi all, our 3 years fixed mortgage will be ending on Apr 2010. 1. When should we start looking for a new deal (assuming it is wiser to remortgage)? Our property is valued at £159,000. Loan outstanding will be £147,000. We are willing to contribute between £3,000 (to £5,000) to lower the loan amount to £144,000. Current…
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advice from brokers please
ok situation is just started my dmp on me own after coming off with the cccs have 5 defaults between me and missus parents have offered to give us some money so am going to settle all creditors in january total of £25k we currently have a mortgage of £60k on a propert valued at £120000 17 years left to run, we need to move…
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1st Time Buyer
Went to Barclays and we can get a mortgage for £150,000. I have £30,000 deposit and my wife earns roughly £26,000. At the moment I am working part time not permanent, unfortunately if you have savings most of it will go on the deposit. Barclays quoted £763 as an estimate of monthly payments, but i am sure it would be…
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Not quite a first time buyer
I took out a joint mortgage with my mother a few years ago to purchase our family home. There's still £100k outstanding on the mortgage. I have since moved from home and am looking to buy my own place in the area I live now. What is the likelihood of me getting a second mortgage on my own? I have £15k for deposit available…
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First time buyer help
Hey guys. I'm 19 and have never had a mortgage before, have always rented buy the places never feel my own. I have found a house I want to buy, and it is £60,000. I have a deposit of £15,000 which I am willing to put down. I have never been on the electoral role and have a few missed payments on certain accounts, but have…
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Which is the mortgage that allows a guarantor to offset their savings?
Hi, A friend of mine is a bit stuck. She's split from her long term boyfriend, he has found somewhere to buy, they had accepted an offer on their own house and were due to complete last week. Due to a one week delay, they haven't completed on schedule, and their buyer has now pulled out (found somewhere else). She's…
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3 Quick Thicko Questions
Im wondering if someone can answer a couple of questions (they're probably really stupid and simple but I'd like some advice) We bought our first home in 2007 with a 100% mortgage which included a small loan as part of the package to help furnish the house etc. Since then we have had our first baby and are planning to try…
