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Is now the time to Switch from Interest only to Repayment?
Hi, I have had a repayment interest only mortgage for the past few years however I'm slightly concerned that interest rates may start rising soon and I could be in real financial difficulty. Would most financial advisors say to switch now to fixed repayment mortgage if you can afford to? Also, If I switch to a fixed…
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Little unsure how porting and needing more would work
I am getting way ahead of myself here so bare with me. In the next few years we will be looking to move as we (myself, dh and DD) live in a 2 bed, its already starting to feel cramped & theres plans for No. 2 and thoughts of No. 3:eek:. I am looking ahead now as we would need to save 19k-21k for a 10% deposit (am currently…
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Have i done everything?
Hi everyone, i'd be really grateful to receive any thoughts/advice on this one. I have typed it out twice already – for some reason I have been losing my posts when I submit them so this time it will be very brief. The facts of the situation are that my father passed away suddenly a few months ago. He was unlikely to have…
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Different payment dates each month???
I was under the impression that my monthly mortgage payment fell due on 15th day of every month (or the nearest working day) based on the details when I signed up for my mortgage. While looking through my annual statement for 2009 a few days ago, I realised that in some months, the statement said that my monthly payment…
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First Time Buyers
Hello, I wonder if someone could point us in the right direction. We are currently renting a property for £585.00 a month and we are looking to get our first mortgage. We would be looking for a house in the £70,000 - £80,000 bracket. We are just finding it hard to fine the deposit of £7,000 is there anyway round this?? E.g…
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Remortgaging and affordability calculations
My fixed deal has run out and I am looking for a new one... I found out from one lender today that they now carry out affordability checks on remortgages..... this causes a problem because we have a young son and my wife is not working at the moment. We have 65% LTV and a good credit record and have never missed a payment…
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Remortgaging question
Hi, I'm after some advice.... I am currently looking at remortgage deals - I want to fix and have been offered a 2 year fixed and 3yr fixed with my current lender A&L. Although they are fixed they allow over payments of £499 per month.... the 2 year is at 3.5% the 3 year is at 4.74% .. My question is if I go for the 2 year…
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Paying school fees - second mortgage
Hope some of you could help. Our son is really struggling at our local village school, and we are out of catchment area for another state primary school. There are two private prep schools locally.........and as much as I hate to admit it..........we may be heading this way. I am self-employed and constantly worry about…
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Relocating and Mortgage Advice
Hi After some advice, looking at potentially moving to other side of country with a new job. Just wondering what issues this may have with mortgage? We are going to have to live with some in-laws for a few months as house we are buying is a new build which should take 18 weeks once exchanged. We spoke to mortgage people…
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joint mortgage payment insurance: does it exist?
My husband was off sick from work with a slipped disc from sep09-nov09. He was cleared to return to work, and has been in full time employment since. As a result our savings have been zapped, and to safe guard our future we are looking to take out some insurance. However after trawling the internet for several hours, we…
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First Time Buyer Again???
I had my first mortagage over 2 years ago, and I was wondering do I qualify as a First Time Buyer again now? Any help would be much appreciated. Thanks
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Shared Equity Help
Hello, This is the first time I have posted. I have a 40% share (£51,600) in what was a £129,000 flat and have been here for 3yrs originally on a 2yr fixed rate and now on a tracker but am not tied in to a contract with Halifax. I think the property is now worth £120,000(ish) so I am just in equity. I am finding it very…
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shared ownership
Hello, I have a few questions iam hoping someone can help with. Ok, we currently rent from a social landlord, we are looking to buy in the near furture and are considering our options... One option we are looking at is open market shared ownership, now the question i have is: if say a property was worth 200k market value,…
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Help please!!
Hi I am hoping someone is going to be able to point me in the right direction. My husband and I have just separated and I would like to keep our house and get a mortgage on my own the thing is with my income I am coming up short. I have spoken to our bank today which was a complete waste of time and they were very…
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100 % Mortgages!!!
... Are they still possible to get with a Guarantor? The property is 130000 If so, any ideas which lenders to speak to?
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turned down on a missold endownment what next
Hi. Can someone help We were missold an endownment in 1986, complained in 2000, got turned down by the mortgage company and told to complain to the Personal Investment Authority Obudsman Bureau Ltd, they also turned us down and directed us to the Office of the Banking Ombudsman, we did so but never heard from them so…
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See a broker, or wait?
I am currently employed on a temporary contract, which is due to finish in April10. I have just called Barclays (who I bank with), to ask whether they would consider lending to someone on a temporary contract, and was told that I would need to provide a 3 year track record of constant employment in my current field. I…
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self employed - easiest lender?
Hi there and thanks for reading. I am self employed and looking for advice on who would be the best bank/BS to approach for a new mortgage. I am in with Barclays on friday who I have my business banking with, but I have read here that they are stringent and take ages! I don't have any credit problems etc, but I know things…
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Consent Order
I need to apply for a consent order to get the land registry changed into my name only. How do i go about this...............
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First time buyer help
I spent more than half the last decade acting like a complete prat and done my credit rating no favours, I frequently missed payments on credit cards and loans, I have no CCJ’s but came close a few times. Now things are very much different, I’ve been out of debt for 3 years pay my bills on time and want to buy my fist home…
