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Should I keep my endowment funds?
Looking for a bit of advice from you clever people out there! Mortgage has come to an end after 25 years Original loan was for £12500 Endowment, just finished, to cover, paying out £8700 due to shortfall. Current mortgage payment interest was £38 per month (yes only!) Endowment per month was £18 Have saved up to cover…
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Must I change to a buy to let?
My fiance and I both have houses, I am currently living with her and renting mine, I have had permission (at a fee) from my mortgage provider to rent the property ( I think for a year) will they expect me to pay annually to rent the property or after 1 year will i have to switch to a buy to let mortgage? I will probably…
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Parents helping FTB
Hello, I hope someone out there could help, I would be grateful for any replies, as I can't find any info on this sort of scenario. I have recently seen a property that is perfect for me, it's on the market for 165k but I hope that the seller may take closer to 155k as near enough the same house down the road has just sold…
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2 mortgages...
Right.. im thinking about buying an apartment for investment purposes. I have a good agreed price. I would rent it out and down the line sell it on. However, if say in a few years time I wanted to buy another house. Would I be able to borrow more money for this? The original mortgage would not be much more than my annual…
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Age limit for mortgage lending
I am now 65 (Nov 09) and will repay my mortgage in May next year (2011). I may wish to move house next year and borrow a small amount. My current lender will only lend up to the age of 70. Anybody out there know of higher age limits. I have a (guaranteed) civil service pension plus my state pension and also my wifes state…
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End Of Fixed Rate On Shared Ownership Mortgage
Hi I have a Nationwide mortgage on 25% of the property I live in and pay rent on the remaining 75%. The rate was fixed at 6.25% for two years and this term is up in May of this year. I am hoping someone will be able to advise me as to what happens next. When I took out the mortgage it was all arranged by an independent…
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to surrender or not...
I have a 20yr old endowment which mature in 5 yrs time. Their vaule is £33k and £17k respectively. I have approximately £25k left on my endowment mortgage. There are no penalties for over paying the mortgage and do this each month. I have been told the approx surrender value of these endowments is £13,533 (for the £33k…
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Mortgage repayments help, or lack of it!
Having lost my job in June of last year, I was fortunate to find another job quite quickly however took quite a hit on my salary. I am tied in to a fairly expensive lease car until May this year and my wife has a horse which she is trying to sell at the moment but is having difficulty getting interest in, both of which…
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Can you recommend what type of Advisor we would need to see?
Having a big dilemma regarding applying for a new mortgage. Can someone tell me what type of advisor it would be best for me to see? Or offer any advice themselves? Background: - Husband and I currently have 15k Personal Loan (9k left with no missed payments) - 20k Credit card debt (but this will be down to 7k when we…
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Will mortgage be approved?
Hi, Just after a bit of advice please? Me and my girlfriend are buying our first property together. The house is £167.5k and we are putting down 5% deposit. 15% is being paid by the developer through a 10 year interest free loan and we are having an 80% mortgage, so the mortgage is £134k. We earn £50k between us. I have a…
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Cant go to fixed rate until i pay unsecured loan?
Hi All After my previous post i spoke to my mortgage provider and they have said that at the end of March my mortgage will move to a tracker 1.99% above BOE base rate. I asked whether they had any fixed rate offers avaliable but they said until i pay my £12k unsecured loan with them i have to stay on the tracker. At the…
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fixed term mortgage coming to an end - move to variable rate ?
Hi there, I'm after a bit of advice about my mortgage. Apologies if this topic has been covered previously, but I had a look back through the threads and couldn't see anything similar posted recently. We are currently on a 5 year fixed rate mortgage (at 5.69%) with the Derbyshire which is coming to an end in April 2010. We…
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Can I use a site passed for a house as a mortgage deposit?
Basically I'm considering buying my first property, but like a lot of first time buyers I;m struggling for the deposit! I'm a farmers son and the long term plan has always been to build my own place somewhere on the farm. To that end my Dad has looked into possible sites on the farm. My question is could I use this site as…
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First time mortgage
Hi, my sister and I are looking into getting a mortgage, we along with help from family friend would have enough for deposit but would likely need a guarantor, what are the requirments for being a guarantor? My father no longer lives in UK and my mother doesnt have the money and family friend cant. I have no debt, always…
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1 year mortgage- worth it?
Hello My wife and I are in a predicament. We are coming to the end of our two year deal on our mortgage and are not in a position to move this year. We would like to think we may be able to in about a year. Therefore, we have thought about a 1 year deal. That said, we would have to pay for the fees of switching mortgage…
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Best deal? Help Please!
First Time Buyer Good credit history no loans etc. Property price is 46000, I can put in upto a 25% deposit. 13800. The offer I am currently looking at is the HSBC Special Fee Free offer. 3.59% discount for 2yrs then 3.94% variable. I know there are better deals but they require the upfront booking fee. Any ideas?
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Forced to sell house??
I have a mortgage but am in the position of now being unemployed. In the event that I don't find another job, I have enough savings to keep me going for around 1 year. Should I still not have found a job after 1 year (and the cash dried up), would I then be forced to sell my house? I suspect that the answer might be yes…
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Broker trying to claim double fee
I am due to complete on my purchase next week and received the completion statement from my solicitor yesterday, it details an amount on there "Brokers fee - £xxx". I pointed out to my solicitor that the brokers fee is clearly included on the mortgage offer and is being added to my mortgage. I contacted the broker and he…
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are missing mortgage payments a big problem?
Am currently looking to buy with my girlfriend, who until last year had a joint mortgage with her ex, over the last 6 months the payments were missed (I dont know al lthe details as she's very embarrassed about them), is this severely going to effect our new application? Dont know the full story behind them missing…
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Should we save or pay off our mortgage?
Just a quickie... got a morgage statement yesterday and it appears that through saving like demons, trying not to spend any money and living in a house far too small for us now, we have enough money to pay off the mortgage. We do need to move house soon (it really is too small for 4 of us now) and would need a deposit of…
