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Buying a house with friends
Hi there I am looking into buying a house with two friends and I was wondering if anyone had any tips / useful resources? Please note - I am looking for technical tips rather than opinions on whether it's a good idea. Ta KPG
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CIS endowment ???
Hi all, I have a 25 year endowment maturing in Aug 2010 , is there anywhere on the web I can see what the CIS are curretly paying out ? TIA Shaun
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Second Mortgage advice Please
Hello I have a house worth approx £130k with a mortgage of £55k fixed for 5 years in Jan this year. The mortgage is in my name only. We'd like to rent it out and I assume I'll have to switch it to a BTL. DH and myself earn around £42k each (he is self-employed) and would like to buy another house towards the end of the…
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How much does credit searching effect you getting a mortgage??
Me and my boyfriend are first time buyers and we are currently in the process of going through a mortgage application with the Principality building society. Before dealing directly with the Principality, we dealt with an independant mortgage broker. To cut the long story short, we have been slightly messed around by a…
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Coming to end of IO mortgage and no endowment
This site helped me alot particularly when I had my LBM over 4 years ago. Since then I have paid off around £42000 of my £45,000+ debt and hope to be debt free (barring my mortgage) by the summer. And therein lies the problem. I have buried my head in the sand about my mortgage as my other debts were so overwhelming, but…
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Further Advances
Hi, just a few quick questions about further advances. Will they always be treated as a separate agreement to the original mortgage deed? I have been doing a bit of reading up and I can see that the interest rate charged on it will be likely to be different from the original deed. This is fine, my only concern is if I were…
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current deal is 5.09% fixed for next yr then what? banks variable rate is 2.50%
quick question. my current fixed rate mortgage at 5.09% will end in just over a years time. my banks variable rate is 2.50%. assuming the rate remains the same does that mean i will automatically be put on that rate?
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husband & i split. i want to take over mortgage
hi husband and i have split and i want to take on the mortgage in a years time, but worried i wont get assessed for the remaining balance with what i earn. what will the mortgage company do? I am already making all the payments myself but all the calculators out there state that my maximum borrowing will be a lot less that…
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Why can i not get a mortgage???
I have been privatley renting for 3 years. I have been paying £800 per month and never ever missed a payment. I have no det or bad credit. Now when i go to the mortgage adviser they say they wont give me a penny more than £76,000. :mad: I cant belive this as the repayments for this are considerably less than my rent. I…
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Can I get a Mortgage?
Hi, we [myself and my wife] have just completed a DMP with payplan. We have never had a CCJ, but obviously had some bad debt registered against both of us in the past whilst on the DMP. What are the chances of a Mortgage? Will I have to wait the 6 years until my Credit file is clean again? are there options that will not…
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Adding a friend to our deed
We have a large mortgage and quite a lot of land and are struggling to meet monthly financial commitments. We have entered a Debt Management Plan and are looking for ways to reduce our mortgage outgoings. We live with our elderly parents who are ill and cannot move so that is out of the question. A very close friend has…
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Switching mortage lenders with possible negative equity
I split up with my ex girlfriend last year and took on the whole mortgage. Currrently paying £638 p/m at a rate of 5.49% interest. I am currently renting the house out through an agents but the house is only earning me £450 p/m and I pay the agents £50 p/m for management fees so in reality I am losing £238 p/m and with…
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What do I need to do to be eligible for a mortgage?
I have always dismissed it as impossible and so not thought about it much which seems silly now. What do I need to do/have to get a mortgage? Am 34, single, steady job. good credit rating, just under 9,000 in debt. That will be paid off by the end of this year. I need a deposit? would like a house, 2 bedroom, I live in the…
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Redundant and mortgaged
I will be made redundant by September and am 52, so am unlikely to walk straight into another job. I have an interest-only mortgage and the capital is due in 18 months’ time. I have invested and saved over the mortgage term and – adding in my redundancy payment – should have enough to pay off the mortgage when it’s due. (…
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Looking for a mortgage
Hey everyone, I've found a great flat with my girlfriend and our offer was accepted on Thursday! :j Now the issue we have is trying to find the right mortgage with the right lender which isnt easy with just a 10% deposit. I still have some brokers to talk to (including London & Country) but I wanted to find out what people…
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remortgage question
Hi, My 5 year fixed mortgage is about to come to and end. I have a lump sum that I would like to pay off when I take out my next mortgage, which will be taken out with the same provider. Would it be best to pay off the money on the initiation of my new mortgage or use it as an overpayment spread over a number of months? If…
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Negative Equity & Separation
I wonder if anybody can give me some advice. I have a mortgage on a property with my ex partner and we split up in Dec 08 (we weren't married). I moved out in March 09 yet have continued to pay half the mortgage ever since. We have agreed I will do this until later this year when the fixed term is over and the repayments…
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Mortgage conundrum: any help appreciated
Hello. I wondered if anyone has any ideas or suggestions to my dilemma. (I'm being notional about my scenario below). My fiancee and i would like to move house. At the moment, the house in which we live is mine, worth £150,000 with a £50,000 mortgage outstanding. The new house would be £200,000 and my fiancee would like…
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Window of opportunity between base rate and mortgage rate rises
Does anyone know how quickly mortgage rates reflect base rate rises? I will soon be on a tracker mortgage and plan to save the difference to overpay later. I would like to change over to a fixed rate when the base rate starts to rise. As I won't have any ERC how quickly do the best fixed rates get withdrawn/go up once the…
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Deposit for house purchase
My husband and I have recently had a formal mortgage offer through Halifax but need to raise an extra £10K for the deposit. But worried if we apply for a loan through a bank, we may have our offer withdrawn from Halifax. Halifax have done credit checks, but will they do them again before exchange? Anyone give us any advice…
