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Endowment mortgage - stop or go??
Hi Just after some independent advise I have a Legal & General Endowment and pay £103 / month have had it for several years Its no longer needed for my mortage as I changed to re-payment given poor performance I don't really want to continue paying into it as I need to cut my monthly outgoings but if i stop then I assume…
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Please can you advise me?
I have just had my offer of £170,000 accepted and now need to look for a mortgage for £150,000. Please does anyone know the best type of mortgage to go for in this economic climate, do you think mortgages will rise soon etc? I have a house to sell and expect to get around £90,000 for it, I owe £23,000 on this first house.…
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What are the likely reasons for a mortgage to be refused?
Guys, bit of an open question but just wondered what would cause a mortgage application to be refused? I am due to apply for one on Friday, i had one agreed in principle but recently found one £3k cheaper over the 5 year fixed period. They ask for 2 years accounts plus one year prediction for income (which i have) and a…
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Advice Please
My husband and I remortgaged in January 2007. We made the big mistake of consolidating all our debt and took out a mortgage for just over £210000 on our property valued at £230000. The mortgage was arranged via a so-called inependent broker who charged £1700 for his services. The mortgage lender, Preferred Mortgages…
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REPAYMENT MORTGAGE GOES UP - even though interest rate goes down???
Hello This may seem odd but i cannot get my head around this - I have an outstanding mortgage of £57k and my current fixed rate expires in June (5.09%) If I do nothing - i go to 2.5% base rate but my monthly payment barely decreases - I was expecting a much lower monthly repayment figure due to over 2.5% benefit on the new…
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Santander text updates
I have applied for a mortgage with Santander and in order to keep track of progress have signed up for their text alerts. The thing is though, I haven't really received any updates! Has anyone else used this service? How many updates should I expect? I was hoping this would save me the bother of phoning them everyday but…
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First time buyers, 5 yr fixed or 2 yr tracker??
Hi all, first of all thanks for peering into our dilemma. We are buying our first home with sale agreed at 267500. We have a 25% deposit (67000) Our lovely mortgage advisor (independent) has fished out the following deals: 2 yr tracker at 2.85% £1000 set up. Fixed 4yr at 4.99% no set up free survey and £250 cash back.…
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Self employed moving to Ltd Co - Obtaining mortgage
Hi, just a quick question, I have been self employed running a business for the last 6 years. I am in the process of changing over to a Ltd company but the business itself will be remaining the same. My question is how would I approach getting a new mortgage - will the accounts for my self employment still be of use? Also,…
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Advice needed
Hi there, Me and my partner secured a 100% mortgage in march 08, I was pregnant at the time and we needed to find somewhere quickly. Anyway found a perfect 2 bedroom house which has been great, but we really do need a bigger house now with a toddler running around and we would like another baby but have only paid off a…
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Urgent Advice Needed RE: Experian Report\Mortgage
Hi, This is my first post but I have used this site to help me through LOTS of issues!! My partner and I seen a house we both really like and we have managed to scrap together the 10% mortgage. Before going to the mortgage advisor I wanted to get both our credit reports done just to check that everything will go through…
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Best mortgage deal for someone only wanting to borrow...
...around 20% of the house value? Tricky question maybe, but basically I want a new mortgage based on the fact that I now have approx 80% of what I owe on my current mortgage. So is there a cracking deal out there that fits this criteria?! Or if that's too difficult/not enough info - who has the best mortgage offer at the…
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Buy half the house from my landlord?
Hi At present I rent my home from my landlord, have lived here for six months and quite happy to remain here. My landlord is quite reasonable and has discussed the possibility of me taking on half the mortgage, as I am single and not on a fantastic income, I would not get a full mortgage for the asking price of this house,…
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Overhaul of credit scoring system??
I guess this could go on any forum but as I am relating this to a mortgage application I am posting here. Does the credit scoring system ever get reviewed? I know its an absolute neccessity to see if people are crap with money but six years feels like an awfully long time before defaults drop off. My two defaults from 2005…
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appt with advisor tomorrow - fee?
got an appt with a local advisor tomorrow, initial meeting is free then after that its £495 but adjustable depending on how much work she needs to do, is this right? Or should i avoid? Just want a basic chat and to know what options i have to start with
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Mortgage Express - unfortunate accident - interest only repayments??
In October 2007, a friend and I bought a house together (50/50 equity, tenants in common)- a 3 year fixed term mortgage with Mortgage Express. We have never missed a payment and they've always been on time. About 3 weeks ago, my friend had an accident at work meaning he's not been able to work and consequently whatever…
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First Time Buyers/Credit Checks
Hello, My husband and I are now on the look out to buy our first property. We've briefly spoken to our financial adviser and are due to meet with him beginning of May. In between times, he suggested we get copies of our credit reports from Experian and Equifax which I have done. On my credit report, there are 7 previous…
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Help needed on best mortgage deal - Trackers
I've had an offer accepted and am narrowing down mortgage deals. I have decided to go for a variable / tracker rate as I've calculated that I could manage the risk of increasing base rates. Does any one have any views on which product would be better? Loan: £133,000 LTV: 83% Term: 30 years First Direct Lifetime Tracker…
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First time buyer - Current account balance
I'm currently trying to get on property ladder, and i have arranged to meet with mortgage advisers etc but id rather go into it knowing rough guidleline about getting a mortgage. Im on a salary of around 18k per year. I would have a 15k deposit on a house worth 120000. The mortgage i am looking at is co-ownership with…
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Cashing in Endowments
I have 2 small, underperforming (surprise, surprise) endowments, that are not attached to any mortgages or anything. They are both due to mature in the summer of 2017. The first is with Standard Life, I pay £28.22 per month (from memory only 50% is with profits) and when I took it out it was with a target of about £22800.…
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Definition of a New Build
Stupid question No. 34953. When does a New Build House / Flat stop being a new build? Is it when it is sold to the 2nd owner and therefore has previously been lived in?
