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Mortgage Question - Partner has bad credit
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Mortgage Dilemma - help ?
We've just accepted an offer on our house and want to move (very dirty farmer next door) however, am concerned that we are not going to be able to keep our C&G mortgage that we currently have (0.49% above base rate) as I have been made redundant and cannot provide the last 3 pay slips that they are asking for so that we…
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Moving abroad - want to let my property
Hello all, We finished a protracted house purchase in January and have a fixed mortgage with ING Direct. However, I've been offered a job overseas and would love to go, but am worried about ING Direct not allowing me to let my flat. In their T&Cs they say they'll add an extra 2% to the mortgage repayments for unauthorised…
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What happens in terms of fee if don't go through with mortgage?
Hi I have a mortgage offer from Santander, but it is looking like the vendor is not going to budge on price despite the home buyers survey and subsequent specialists suggesting the requirement for relatively substantial remedial work. I'll take a look at the small print, but assuming the sale falls through what happens in…
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Need a small mortgage (around £25,000)
Hi, I find myself in a bit of a pickle with a leaky roof. I am mortgage free in my own property, but with a rather substantial amount of personal debt. I'll spare everyone the details, suffice it to say, my family and I haven't been the best Moneysavers up until this point. I'd like to take out a very small mortgage,…
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student and only recently employed (but yet to start) first time buyers... tips/help?
Hi there, I'm a 20yo student, (£5000 year part time income), and my boyfriend starts his new job as a collections advisor at the start of March (3 month probation on £15500, then £16000). We have been looking at a shared ownership flat through Asset Trust Housing in Bournemouth - really nice. We were looking at purchasing…
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LTV Question and remortgaging
HI There, Quick Question. I purchased my house in 2008 for £200,000 and I put down £20,000 and borrowed £180,000. (80% LTV). My house is probably worth about £180,000 now, due to the slump in prices. How does this work, if I was to remortgage this year. Would Abbey find me a new rate which is worse than the one I am…
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Consent to Rent - C&G / Lloyds
Hi - does anybody know the policy of C&G or presumably their ultimate parent Lloyds on allowing short term consent to rent? Situation is - mortgage started in August 2005, 3 year fixed, been on SVR ever since. All payments 100% up to date - repayment mortgage. No arrears at all. Reason being we need to move away and…
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WARNING : Nationwide overcharging on overpayment fee
If you have made overpayments to Nationwide - check this: I made the decision 2 years ago of switching to a 5 year fixed rate (5.63%) martgage with Nationwide - knowing that an endowment was maturing 2 years into that. - yes I know, I know - I know. (the endowment, BTW has met its target - L&G after 25 years) Now what to…
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Advise please - 3rd Mortgage?
Hi there, I own a flat wth my own mortgage and my new husband also owns a flat with his own mortgage. We have rented both properties out and are renting ourselves at the moment. We want to purchase a new house. Would we have any problems getting a joint mortgage now we have a seperate mortgage each on other properties?
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endowment
Hi trying to work out if it is worth continuing the policy below: We have an endowment with Friends Provident taken out in August 1997 to 2015. The cost is £164 per month Target amount is £56,000 Life Cover of the same amount (not really required) Estimated growth 4% - £38,700 5% - £41,800 8% - £47,2000 22.2.2010 - Current…
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Mortgage, credit card debt and Portugal
Hi Guys First time poster and a bit of an unusual situation. Hope you can point me in the right direction. I think the best starting point is to give you some background information. * We're married with 2 young daughters. * We own our house outright with no official mortgage ( this is because my father bought it and we're…
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First time buyer HELP please.
hi there,im 26 and looking to buy my first home. ive been in my current job for almost 4 years on £25k+ i have one ccj from 5 years ago but havent defaulted on any accounts in years,i have one credit card with around £300 on it. ive got £15k deposit in my current account (should i move that in to a savings) the houses im…
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Home improvements. Re Mort or Loan. Help!
Hello. We are in the very fortunate position of having only 5k left on our mortgage. We need to now extend our property and are looking to raise approx £25k for the work. Would it be better to contact our existing lender for a Home Improvement Loan or consider a Re- Mortgage. Obviously we are after the cheapest rate and…
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First time buyer advice
Evening all, Ive been looking into getting my first property the past couple of months and ive just come across a nice flat. A couple of things... its a new build property 1 bed flat is listed at 105k, estate agent said they might take offers. the estate agent has said that as a new build, they all require a 20% deposit?…
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2.39 BRT (term) or 4.64 (5 year fix)?
I am currently tryting to decide to go with a 2.39% Base rate tracker or 4.64% 5 year fix mortgage. I have 40 - 55% deposit if needed but would like to keep a bit back for fees/improvements etc. I am looking to make overpayments so the 2.39% BRT looks good but am i being a bit shortsighted? It allows early repayment so…
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Mortgage question + a opinion question
Hi. Looking to take the plunge soon and buy a house with my fiance! I just have a couple of quick questions that I can get your opinions on if I may! 1. We have seen a house for 115,000 that we really like. We have a ten percent deposit plus moving costs and so on. We have nothing on our cards and my car loan ends in 6…
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Im a first time buyer? am i suitable
Hello, Im looking to get onto the property ladder but I only 21years old. I have a good credit history and a small deposit ready to put down on a house. Im on a salary of around £26500 and earn another £4-5000 through private work which I do in my days off. Im concerned because of the credit crunch that I may not be…
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Remortgage and transfer of house from parents to son
I live with my parents who have a mortgage on the house. The term is coming to an end in 3 months and there will be a shortfall of £80k due to a cancelled endowment policy and insufficient savings. The house value is 400k so they have a lot of equity in the house. My parents want to keep the house if possible - but they…
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Help - with regard to deposits....
I have used mortgage calculators to try and work out how much we may be able to borrow. So for example, nationwide may lend us up to 142,000 for a 90% LTV mortgage - does this mean A- that we can buy a property of up to 142,000 and pay 14000 deposit, B- we could buy a property over the mortgage price and we pay the 10%…
