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Mortgage advice as a couple but me not working now..
We currently have a mortgage that we applied for almost 5 years ago on a fixed 5 year term. That is now about to run out and so we are looking for a new mortgage lender, although this time, i am not working due to reciently having twins.. So we will be applying with just my husbands wages (around £22000 per year).. We have…
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Amending / Obtaining new Mortgage Offer ?
Any advice welcome, thank you. Before Christmas we received our Mortgage Offer finally from provider (took an amazing 6 weeks and we already have mortgage with them!). We did this through an IFA and at the time thought we would be better off doing it ourselves as we did the majority of the chasing as it was taking so long.…
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Buying a house when single
Hi, this is my first post so sorry if its in the wrong place. I am a single person and am looking to buy my own home in the near future, i have approximately £25,000 saved for a deposit but my problem is because i am single i am unsure how much i will be able to borrow. I have been told it is approximately 3 times your…
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remortgage & borrow more or get a loan?
Which is the better option overall if I need say £10,000 and can pay back over 5 year? My mortgage is £101 & £60k on fixed rate and the rest of it on a tracker til April. in the past each time we have remortgaged we've just borrowed more but if i'mdoing fixed rate again for say 5 years but its £101 plus £10,000, is that…
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Fixed Mortgage Advice
Hi all, our fixed mortgage has expired and we owe £110,000 now,we would like to free up a further 15000 to pay for a wedding and and a new car, i'm looking a fixing our mortgage for 5 years, can you reccomend firstly if we should fix for 5 years given the current climate and secondly who are offering the best deals? Many…
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Getting first mortgage when just changed jobs
Hi, I was wondering whether anyone had any info or advice. I'm looking to get my first mortgage for a shared ownership so I would only need a mortgage of £60,000 or less. The problem is I used to work seasonally which meant I had gaps between employment but a month ago I just started a permenant job on £14,000 a year…
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New mortgage with fair credit rating
Hi guys Just wanted a quick bit of advice really. My husband and i are hoping to move house this year, we tried last year but found our credit ratings were rock bottom. Well we have spent a year really concerntrating on getting them back to normal. To date we have managed to get both our scores to FAIR. I just wanted to…
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remove name from joint mortgage
I have a joint mortgage with a friend on a property he lives in and he pays the mortgage payments on the house. The reason i put my name on the mortgage was that he couldn't get it on his own. I now want my name removed from the mortgage, do i have to go the the solicitor and pay the hefty fee or is there a nother easier…
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Mortgage and Building Insurance
I have recently started looking after my Nan's finances, previous to this she dealt with it all herself as she seemed more than capable and was very independent. However on 1st inspection this does not seem to be the case. She had a morgage with Bradford and Bingley which we thought had been paid off year ago. However…
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Redemption Fee Question
Me and my partner are desperate to get out of our mortgage and are willing to pay the redemption fee on a credit card in order to do it, is it ok to pay Abbey with another companies credit card in order to pay off the £4,500 redemption fee, will they let me do this?
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Shared ownership
Been looking into shared ownership (me been the sole applicant) but not sure if the process is the same as a conventional mortage, been looking at 25% or 50% (all i can afford for a few years) until my pay grade is incressed. Anyone own a shared ownership house/flat? :beer:
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mortgage dilema
We are currently fortunate enough to be mortgage free but find ourselves wanting to help parents buy a new property. We need around £20k to do this but for no more than two years as we have an interest in another property which will be sold during this time and will no longer need the loan. What's our best move? We…
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Interest rate situation opinions
Hi, Would like to get a range of opinions from people on what they think is going to happen to the interest rates over the next year? I'm currently on an intro-tracker until 2011, but I'm no longer tied to it, so can switch to another product.
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endowment policy-ex partner dies
I have maintained an endowment policy linked to the mortgage for 23 years, due to mature 2012. My partner and I split 10 years ago, the mortgage has always been in my name only, he died suddenly. With him living at a different address, rented , I am concerned the policy will not pay out..is there an option if they won't?
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Mortgage Options (Porting a NR together mortgage?)...
Good afternoon I have a mortgage with Northern Rock, it's on the variable rate of 4.78% - i owe £126,800 and my house was valued last month at between £110 - £115K. I took out the mortgage in Oct 04 on a 7.15% fixed, which recently came to an end. My girlfriend recently sold her flat and walked away with £31k. We're…
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Mortgage Dilemma - advice needed please
I separated from my husband and my sister kindly agreed to come in with me on a house in order to get me on the property ladder as I was told that I couldn't get one on my own. We bought in August 2008 for £210,000 and I put the entire deposit of £40,000 down so we have a £180,000 mortgage and we split that and the bills…
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Any hope
Hi I am wondering if there is any chance I will be able to get a buy to let mortgage. I have a very poor credit rating (378) due to large amount of debt. I have inherited a property which needs some work doing to it but I would easily be able to get £550 per month rent. So my idea is to get a mortgage which would pay off…
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Mortgage query - advice please!
I currently have a mortgage with HSBC and want to take some of the equity out of the home (£20,000) to do a loft conversion. For new customers they will loan up to 90% LTV, but for existing customers borrowing more they ask for minimum 75% LTV (which seems a bit strange). Our mortgage is £122,000 and we bought our…
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is this gonna work?
Im a first time buyer, mortgage agreed and ready to go. Ive seen a house im interested in and the sellers have told me they are looking to sell and the house and rent somewhere until they find somewhere they want to buy. If i were to propose they sold to me, then rented off me for a set time, or until they found somewhere.…
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Few questions regarding joint mortgage after split with partner
Hi I have recently split with my partner who i have a joint mortgage with, we were not married and dont have kids. The question has been asked about what is happening with the house, I now live here solely and she lives at her parents. I have had the house valued by an estate agent, he valued it at 9k less than is owed. I…
