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Found perfect mortgage but not buying yet...
Quick question, hopefully... If I was to find the an optimum mortgage now but wasn't in the position to buy yet could I secure the mortgage rate to use in the furture?? I am currently looking at houses but haven't found one yet, but I have found the mortgage I want and am scared that it may not be around by the time I am…
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Advice Needed
Hi I am in a first time position looking to secure a mortgage with a property price of around 95,000. I earn 30+k a year with few current commitments. Unfortunately in the past I wasn't earning as much as I do now and made a few mistakes with repaying the debts I had. I have 3 defaults on my credit file, all three have…
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5 year fixed mortgage with Yorkshire
Hi I am currently on a 5 year fixed mortgage with Yorkshire my question is for all you mortgage experts could i change my mortgate to Interest Only even though on fixed mortgage? thanks in advance
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Mortgage options for self-employed & employed couple
Hi all, Myself and my partner are looking (hoping) to buy a house in the next few months but are unsure as to our mortgage eligibility. I have been a company director since 2008, earning £7k in the tax year 2008-2009 but nothing in the current tax year as my business closed in November 2009. I have recently become…
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Salary Calculator
Hi I am trying to find out who is offering the highest salary calculator at the moment. Woolwich were saying 5 times on their website but I phoned up and that is only if you bank with Barclays. I bank with Nationwide who offer 4.1 times and will have at least a 30% deposit.
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Advice needed - Northern Rock Mortgage
Me and my girlfriend took out a mortgage together three years ago in april with northern rock Our fixed rate deal is due to expire in march and we have just rang up northern rock to see about current rates They have expressed that they no longer offer fixed rate deals and we would be put onto their variable rate of 4.76%…
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Mortgage advice
I currently have a mortgage with Nationwide. I have recently been left some money with which I could pay off the majority of the mortgage leaving around £6000 outstanding. I have no early payment or redemption fees with the mortgage. I am considering moving, probably sometime this year, although my house isn't currently on…
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bid drop in NU projection.
Hi, I'd just like to know if this is the "norm". I have a 25 yr NU (Aviva) endowment policy due to mature next year. It is £22/month & the target on maturity was £17500k. The projected payout last July at the mid-point of 6% was £15500, Six months on this has now reduced to £14500, a drop of 7% in six months- even though…
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Calculating mortgage interest question
I'm trying to work out how much the our lenders' SVR will need to rise in order to make it worth opting for their fixed product on a repayment mortgage. This is not the question I need answering here though. I'm struggling to calculate what total interest we will be charged for the year in each scenario (interest is…
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Mortgage Help
My ex-wife left over 2 years ago and I have been paying the mortgage without any areas for the last 18 months. I have tried to remove my ex from the mortgage but Halifax refuse to remove her from the covenant. My mortgage deal ends in February and I go onto the variable rate. Halifax will not give me another deal as sole…
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Removing my Wife from the Convenant
My ex-wife left over 2 years ago and I have been paying the mortgage without any areas for the last 18 months. I have tried to remove my ex from the mortgage but Halifax refuse to remove her from the covenant. My mortgage deal ends in February and I go onto the variable rate. Halifax will not give me another deal as sole…
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Equity Release
My mum has a 4 bedroom house that she can't sell at the moment and she hasn't the money to maintain it. I'm sure she's not alone in that situation. We have been talking and talking about equity release and we are getting TOTALLY confused and the percentage they want is CRAZY. My mum is marginally disabled and 71 years old…
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FTB - dilemma
Hi there. My girlfriend and I are in the early stages of buying our first property at 200k. It's a two bed place that doesn't need much work. We have a 10 % mortgage over 35 year period at 6.5% fixed for 3 years. The problem is that my dad is now suddenly sceptical. He got my cousin to ring me. He is some kind of financial…
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New Build - Nationwide Mortgage
Hi MSE-ers! Does anyone know if Nationwide are still requiring a higher deposit/LTV for mortgages on new build houses? I remember they wanted at least a 20% deposit or similar if the place you were buying was new build, cant seem to find anything on the website that states that anymore. In particular im looking at the…
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A&L - mortgage porting - likely to happen?
My GF and I are thinking of moving from our current home (which she owns) to one that we buy together. However, she has an amazing deal with her mortgage provider (A&L) at present that she doesn't want to give up - she's on an interest-only tracker that tracks just above base rate (it was just below base rate but expired)…
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Existing mortgage, changed from self employed from being employed by company
Hi all I am hoping someone will be able to help with this one. Me and my partner have a mortgage that was applied for when we were both employed by companies. We have since changed and are now partners in our own company ( running for around 18months ) which is doing well. My questions are... 1) when our fixed 2 year…
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Should she re-mortgage ???
Hi everybody, Im trying to get some advice on behalf of my mum, She has a mortgage & 2 secured loans. By the end of this year she is hoping to sell her house and move abroad...in the meantime she has shown me her secured loan statements and they are ridiculously @ high interest! she has one with london scot @ 13.080% & one…
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FTB - Putting an offer in - how much?
This concerns both the mortgage and the process of buying a house so feel free to move it if required. I am a first time buyer and have been saving for a deposit for the last 9 months and am just about there. I will have the required amount before I have to pay my deposit with enough for fees etc as a backup. I have spoke…
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How far would they check your employer during a mortgage application ?
I know they'll write and ask loads of questions but just how much do they dig into the background of your employer, if at all ? They used to do nothing other than write but what about now ? Anyone any ideas or do we have a mortgage underwriter here ?
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Remortgage Deal Help
My Current Situation is I owe £133500 and bought my house 2 years ago for £170k. I figure at present my house is not worth £170k possibly £160k may be less. My first question is does anyone know of any good deals out there that would give me a lower interest payment? Yet keeping my borrowing unchanged? Second we had wanted…
