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Interest Only @ 90% LTV
Hello I am stuck with Northern Rock Asset management. When the SVR increases im going to need to remortgage elsewhere, and was wondering if any interest only products exist for 85-90% LTV. I pay into a pension which will provide a lump sum to cover the capital on my 60th Birthday.
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Question about deposits and outstanding debt...
I am wondering whether it is possible to use the money we have saved for a deposit to pay off outstanding debts and then apply for the mortgage with the debts paid off. Then take the money back out to use as the deposit... Is that possible? Surely it's above board as it's just my money being swapped around... FYI it would…
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Can I get a second mortgage, put it in my savings account and use it to offset?
Hi, I had this idea the other day and would like to find out if there is anything which will stop me from doing this please. I have an offset fixed rate mortgage fixed until 2018 at 5.69% I have a large amount offset against this mortgage. Lets say I have a mortgage of £150k and have £100k in savings. What I want to do is…
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Too late to change???
Hi guys, have an endowment mortgage with 4 years to go. UCB Home Loans have just upped the variable rate to 5.29% as of February (only received the notification 25th January). Am I stuck with this rate? Any ideas??
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Obtaining a mortgage offer on a property.
Hi Everyone, Hope you understand my story and can give me some advise. I own a flat which I live in with my boyfriend and 7 month old son. It's only a one bedroom and obviously we now need somewhere bigger and closer to my family. It's going to take a while to organise the sale of my flat but my boyfriend has said if…
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Advice on pending repossession needed urgently please
Hi all, I am new to this forum but am looking for some advice re a pending repossession on my home. To cut a very long story short, we were sold a very hefty mortgage back in 2007 and almost immediately fell into arrears. We had a suspended possession order granted but as the payments were still ridiculously high failed to…
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Mortgage for Recently Self Employed & low LTV
I am wondering if anyone can offer me any help or advice. I was made redundant last year, and am now self employed. I am luckily earning very good money, but have yet to file a tax return and don’t even have a year of accounts. Myself and my partner were looking to relocate now I am not tied to a location for work. Partner…
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Self-Employed FTB Mortgage Questions..
Hi all! To keep it short, We are looking to get onto the property ladder, My other half is in full time employment on 20k p/a. I have been self-employed for the last 10yrs, My tax return for 07-08 showed a taxable profit of 25k from a turnover of 36k. We have about 20k saved to use as a deposit & purchase fees. We have…
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Credit score / applying for mortgage
Am planning to apply for a mortgage shortly. I have just cleared some large credit card balances, which I presume would have had an impact on my credit score, as the balance was about 22k. Never had a problem making payments or paid any late, so I've got no black marks against me on that score. I probably know that answer…
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overpaying interest only
Currently have mortgage with nationwide at 2.5%. Current mortgage is part repayment, part interest only - the bulk being interest only.We have currently been overpaying and the part on repayment is almost paid off leaving £60,000 interest only, house is worth around £220,000, mortgage has around 6 years left. Am now in the…
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Will there ever be a situation.....
....where it would be sensible, and cheaper, for me to fix? I'm currently on a lifetime tracker with the Woolwich at 0.17% above the Barclays Base Rate (assuming that this always follows the BoEBR)? Obviously, as interest rates rise so will the fixed rate deals. I can't see any situation where I will need to change my…
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Bovis 75%/25% help please?
Me and my boyfriend have put a deposit down for a Bovis house and are doing what they call 'Jumpstart', which is 75/25. I am currently a student in my last year and my boyfriend has been approved for a mortgage of £84,000. The 75% would be £93,000 so we would be topping up the rest with our deposit money. We had gone…
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Moving house with poor credit
Just need some advice on this please although I think I already know the answer! My husband and I are looking to buy a new property, we currently have a mortage with Santander for £148,000 on interest only. The new property is would be bought at £180,000 but we would only have a 10% deposit following the sale of our house.…
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selling a standard life endowment
i am rapidly coming to the conclusion that i should sell this policy despite it only having 14 months left-see my other thread on this subject--i want to know now which or who will offer me best value -do i go through a ifa -cash it in to sl or go on the open market --who has experience of any of these courses?-
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Interest only mortgage availability
I am planning to remortgage shortly, and although I could happily afford the monthly rate on a repayment mortgage, I am planning to apply for an interest only one for a few reasons, the main one being that I am paid a fairly large chunk of my income in an end of year bonus and it would give me a lot more flexibility than a…
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Fixed rate - Penalty clause
Hi, A few months ago we remortgaged to a 5 year fixed RBS mortgage @ 4.69%. At the time it was what we felt we needed, but now we have finally decided to leave the UK at the end of the year. In our mortgage contract it states that we would incurr a penalty for early redemption, 5% in the first 5 years, 4% in within the 4…
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BTL cashback mortgages
Hi Does anyone have experience of these? My friend has a company doing property investment & i want to get some BTL to provide myself with some provisions for the future as i plan to be a SAHM in 3 yrs & hubby will be the only one working. She is about to complete on some properties where we would need a deposit of £10000…
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Will she get a mortgage?
Any advice would be greatly appreciated. My girlfriend has/had a spotless credit report with about 5 or 6 settled/ongoing credit accounts. On a sofa purchase from DFS (financed by GE Money who in turn changed to Santander Cards), she defaulted on the account without knowing. Santander cards c*cked up everything by not…
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Kensington SVR
Hi there, I was wondering if someone can help me please? Does anyone know what Kensington's SVR is at the moment? My sister's fixed 3 year deal finishes in July this year - so am just trying to help her out with some info. Thanks so much! Fred
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First Time Buyer Help
All the reading is really confusing me! I am a first time buyer and want to get a morgagr sorted. I have a settled default on my credit file which is settled and in dispute. I am looking for a fixed for 3 years - £190k with a 30% deposit. Looking for Intrest Only Deal - will this be possible? as i would like to possibly…
