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Self Employed Mortgage
Hi All. I am currently trading in my 4th year as a letting agency. I am looking to buy my council house. As i can now get a good discount! 1st Year i made a proft of £3000 turnover of 15k 2nd Year Showed a loss of £900 turnover of 30k 3rd Year profit of £5000 turnover of 36k 4th Year not ending til april currently turned…
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YBS interest only mortgage
This is my first post and I would appreciate some advice. I was made redundant before christmas, and now like the rest of the country is looking to reduce my outgoings. I contacted my bank for some information about changing my mortgage to interest only. My mortgage 3 year fixed deal has also just finished and I'm now on…
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Fixed or Tracker?
Hi, I have been given 2 options by my mortgage adviser, but I wanted to run it by all of you to see if you agree with his recommendation... Both with Halifax... Fixed Details: 2 Year Fixed @ 4.7% Setup cost = £499 Tracker Details: Not sure on duration.. but currently @ 3.7% Setup cost = £999 £250 Cashback Valuation fee's…
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equity release,urgent advice please
my property is worth around £190000, mortage is approx £75000, im just over 1 year into a 3year tracker deal. Mortage is with the halifax. The £75000 includes an extra £7000 i added to my excisting £68000 last may to buy a car over 5 years. £25000 is interest only and i have a standard life endowment policy that matures in…
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A bit baffled
My last years mortgage endowment plan update indicated that the 30k (possible) maturity value would be exceeded at the lower (4%) assumed growth rate. My newly received update suggests that I will probably fall short by between 3 and 4k. I realise that all sorts of horrible things have happened over the last 12 months or…
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Partner taking over mortgage alone
Hope this is in the correct place. Our mortgage deal was due up in February, and as I am paying back a credit card on an arrangement, we were told that most mortgage places probably wouldn't touch us because of me. We were advised by a mortgage advisor to put it solely in my partners name. This has been going through, as…
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Halifax Buildings Insurance ... Go for option 4
I telephone the Halifax about my house insurance. I arrived at a place where option 3 was what I needed but I noticed option 4 was for customers thinking of moving. I had been quoted £374.34 which was up on last year when it was £342.60. I was telephoning about an error in my address. At some point the lady asked me if I…
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Sip
Does anyone know what a SIP mortgage product is? i know an SVR is standard variable rate.ta
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First Time Buyer help/ advice needed please
Hello everybody, First time poster here! Me and my partner are looking to move out of our rented flat and move back to her parents so that we can save for a deposit for a mortgage. We have worked out that we can save around £1200/month if we really tighten our belts and work hard for a year we will have £14,000. We are…
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looking for a mortgage network or firm
Hi, I have recently completed CEMAP and I need to complete CAS. I am looking to team up with a firm/network on a self employed basis (as I can generate my own leads and have access to an office). Can someone kindly advise if they know of any network/firm who may be interested. I am based near London.
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Annual Interest Rates for mortgages
Does anybody know about how Annual Interest Rates for mortgages are quoted? I have a mortgage fixed at 5.29%. I would have though that the monthly rate for this should be compounded, which would come out as 0.4305% (ie raise that to the power 12 and you get 5.29). However, the mortgage company appear to be charging 0.4408%…
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Abbey mortgage declined
I am quite stressed out at the moment because Abbey have pulled my mortgage offer at the last minute. They pulled my offer because they have said that I have lived at other addresses other than my main home over the last number of years. In actual fact, I lived at the address for over ten years but lived away from home…
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Direct Debit Discount
Hi all, I just got a letter from the Skipton (whom bought the Scarborough BS and took on my mortgage deal) and it states that my interest rates are about to change, which ordinarily isn't a problem but they have imposed an extra charge from my original contract because I don't pay by direct debit ( I pay by standing order…
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endowment value for standard life
İ have followed everyones advice and rung my standard life for a valuation on my endowment which is due to be paid in 14 months and counting!!-i cant see my policy and the precise dates because i am away from home --they advised me the surrender value would be just under 18000 but wouldnt give me an idea of the final bonus…
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How to buy a structurally damaged property
Hi, Can any one advise me on how to get a mortgage for a property that has subsidence and damage to the building. I really need to know the NAME of a company that will do this even if they are more expensive than usual.The house is worth 250K in perfect condition and is currently on the market at a low price due to…
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Skipton Rates rise, what about Amber etc?
Hi With the recent announcement of SVR rise from Skipton does anyone know whether Amber homeloans, will be following suit or are included in this anyway as part of the skipton group?
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Dreaded NR Together Mortgage
Morning all I originally took out a together mortgage with NR to buy and renovate a house 5 years ago with my o/h. Our fixed rate has now finished and we're paying the SVR of 4.79% (I think). Fortunately I guess we are not over 100% mortgaged up but I would estimate owing around £158k and the property being worth £165k at…
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Shall I sign up for a new fixed rate?
My fixed rate mortgage with RBS ended last September and because of the drop in rates my mortgage cost went down nearly £200 which has been handy as both my husband and I have been made redundant in the last 12 months and I've had a baby. I cannot switch to another lender because we've lost equity in the house so my…
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Selling, moving and remortgaging.
I am planning to sell my house and move to another area, Current value of house is 155,000 mortgage is 143,000. At time of mortgage I took out an unsecured loan of 27000 which is tied to the mortgage but is as I say unsecured. Because of this and other debts credit cards loans etc. I am worried that I may not get another…
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FTB - Please Advice
Hi all, We are looking into buying a house later this year and have been saving towards that for the deposit. At the moment saving £1k a month and currently have £33k saved. We have also been paying off a bank loan which currently has £5,688 left to be paid off (@ £376 for next 15 months. What we would like to know is,…
