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Future SVR on new mortgage - worth considering?
Hi guys. Having sold my house about 18 months ago, I'm now in the process for looking for a new one. Looking at houses between 150k - 200k, with approximately 15-20% deposit (I'd like to get it up to 20%, but that may not be possible). Having just done a quick browse on Moneysupermarket for the current deals, I can see…
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Reassurance needed!
Hi all, first post here, sorry to wade straight in with loads of questions, but maybe its best just to stick them all in one post: I have had a lot of debt on credit cards this last year or two (was £23k at end of 2009). Happily, I have been able to clear all of that this month (bar about £400 anyway) and although much of…
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Fixed morgage is now the right time
Would it be worth getting a fixed morgage now i can get a fixed with the coop at 5.79% fixed for yrs cheers ocean
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Help Im clueless!!!
Hi My partner and I brought our property may 2008- we had a two year tracker mortgage which has been fab during the crunch!! BUT it ends in may... so does that mean we have to apply for another mortgage or just it just carry on as fixed now? If we have to get another one will we be cradit checked? And also can u add to the…
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Mortgage for a low income? Do these exist
Hi, I am currently on a svr with Northen Rock after coming out of my fixed rate last year, at the time I had just been made redundant so didn't look for a new deal as I didn't think there would be any point. Luckily I got a job quite quickly, however on a very much lower salary than I was previously on. My question is will…
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Whats Normal?
In a typical non Edinburgh/Glasgow town in scotland you can get a beaufitul house for 200K. 300K gets you a nice detached stone built house that would otherwise cost 1M in the centre of Edinburgh. My question is what is a normal amount to borrow? My girlfriend and I are both 25. Our combined income is 40K but we are on…
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Are we first time buyers?
Are we first time buyers? It sounds like a dumb question, but I really do not know if we are classed as first time buyers. A little about our situation: We have previously had a mortgage, repaid a few years ago. We own 2 adjoining cottages which we intend to knock through, to do this we will need approx £65K in the form of…
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Cant Get a Mortgage
Please Help! I have recently applied for a mortgage to fail on credit score. This made me research and become aware of my credit score and the credit scoring process. I currently rate as 'poor' on experian. Reasons given for this are:* Using a high percentage of my available credit (which refers to my only credit card) *…
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Removing a name from a joint mortgage
My parents have currently been seperated for two years, now my mam has decided to want her name taken off the joint mortgage, she has been told that she must have a divorce in order to have her name taking off the mortgage, is this right? she claims she doesnt want any money from the house and is happy for the family to…
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How much will I be paying in one year?
I bought my first property 2 years ago and have a 3 year fixed rate at 5.99% - so 1 year left to run! Things are already a bit tight as a 1 income household. In lieu of having a crystal ball, I've been trying to make some long term forecasts about how much I'll be paying in 1, 2, 3 year's time. Obviously it's impossible to…
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Halifax fixed coming to an end- can we get better deal?
Hi all, we have a 50K mortgage on a house worth about 200K and our 5 year fixed is coming to an end soon, Halifax have offered us the same rate as we have now ( 5.49%) plus 1k fees on another 5 yr fixed but does anyone know if we could get a much better deal anywhere else at the moment?, or should we wait a bit and benefit…
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Halifax, 3 months before fixed rate end to find new deal?
Hi all, our fixed rate deal with Halifax is coming to an end in March and I thought I'd heard that Halifax gave you the 3 months prior to the end date to potentially enter into a new deal without penalties, I rang them and they confirmed that this was so and would we like to make an appointment to see an advisor, so we…
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Interest only, fixed rate, low redemption penalty remortgage?
I usually believe myself to be fairly financially aware, but I'm really confused as to what to do regarding mortgage situation, so sorry for my naivity. DH and I have a mortgage of £107,000 on a house worth approx £200,000. Our current deal with Nationwide (5.18%) is due to end in March so we need to consider our options.…
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Credit Default less than a year to go
I have one credit default on my credit file this has been stopping my partner and i from getting a other mortgage. The credit default shows satisfied on report with less than a year to go till the six years are up we have a £14000 Depoist we have seen a house at £95000 is there any mortgage companys willing to lend on this…
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Getting Mortgage with a Default & poss Capital Gains?
My son has a Default on an old student overdraft, which he paid the outstanding balance over 3 years ago, but the Default must remain on his record for a further 3 years. He & his partner are 1st time buyers, but he is having difficulty getting the big lenders to accept him due to the default, despite having an impeccable…
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advice please for my mortgage and self employed husband
Hi I am currently waiting for a decision on my mortgage and I am very worried. I would appreciate some advice. I am looking to borrow £220,500 for a property priced £245000. I have a deposit of £24,500 already saved. I earn £36,000 and am a permanent employee. My husband is self employed and has been trading for 1 year and…
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Split from partner - remortgaging/buying out
Bit complicated so bare with me! Joint morgage/house with partner. Value 170k, morgage £12k with Nationwide on their base rate of 2.5%. We have agreed I will buy partner out, paying him £70k. He earns £23k and can morgage in own right. I earn £450 p/month but will be topped up with maintenance/child benefits etc to approx…
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On a good tracker but now want to borrow more -Advice Please!
Hi I am getting very confused about what to do: Joint salary £75k income £4,400 net Current mortgage - @ 149,000 HSBC tracker +0.79 (21 years left) We now wish to upgrade, our house is under offer and are looking to purchase at £300k, we have a deposit of 25% and would be looking to borrow an additional £73,000 My thoughts…
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Parental advice.
I am looking to give advice to my lad, who is to embark on his first house purchase with his partner. As we live in the SE the prices are crazy and the mortgage he proposes frighten the life out of me. Firstly as I realise that interest rates are at historic lows, what rises are invisaged within 3/5 years by the…
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Mortgage after CCJ
Hello! I was wondering if anybody is able to offer me some advice. I was issued a CCJ about 7 years ago for a debt of around £250. I have had no defults... etc... since this time. 7 years on I am looking to buy a property under one of the governments shared ownership schemes. The only thing that could possibly hold me back…
