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Mortgage repayment
I do apologise if this sounds like a stupid question but I am totally new to mortgages and property market. If I will take a 100k mortgage for 25 years and let say that my initial monthly repayments will be 700. Does it mean that I will have to pay 700 per month for the next 25 years? Sometimes total costs of two mortgages…
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Potential FTB needs advice
I am a teacher. My monthly income is 2200 and I spend 800 on rent. Over last 2 years I managed to save about 20000 and I am thinking about buying property for 115000 (I can put 18000 for deposit and I would be able to repay 680 per month). I would really appreciate if someone could answer the following questions: 1. Is it…
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100% mortgages or incentives
Is there such a thing anymore?
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HSBC - Fees free lifetime tracker, any good?
Was just having a look at HSBC for their mortgages since I am an existing customer and have been for many years. They have a lifetime tracker fees free mortgage available, which has no arrangment fee, unlimited overpayments and tracks at 3.99% above base, which is slightly less than the Abbey mortgage we got a DIP for the…
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Can someone get fake a mortgage in my name?
Ok about 2 weeks ago i was pickpocketed and lost my purse which had all my credit and debit cards in and also driving licence and NI card. While i was speaking to my credit card company about it they were trying to sell me this credit check subscription which would help me to keep an eye on anything that is opened in my…
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Can Parents Take Out a Loan For My Deposit
Hi, I'm looking to buy a 2nd property for buy-to-let. Unfortunately there isn't enough equity in my residential property to cover the deposit I need and we don't have enough savings to raise the deposit ourselves. Are their any restrictions on my parents taking out a personal loan to gift me the deposit (in lieu of future…
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underwriters
what is the rule of thumb underwriters use to see wheather you can afford a mortgage.Asking for £160k on£42k earnings with loans of £22k and cards of £6k They ask for earnings and offset any borrowings and credit cards what percentages do they generally work on? thanks
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Shared equity
If you buy a house that has a shared equity 80/20 do you still have to come up with a deposit?
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new mortgage
I would like advise regarding a mortgage. It is not straightforward therefore will not post questions here. However I would be grateful if someone could recommend a mortgage advisor that I could sit face to face with in the Kingston upon Thames area or the link to where I can find one. I have looked on the internet but I…
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IO mortgage to clear debt?
Hello, Complete money newbie here so please bare with me. We have got ourselves in some increasing debt with 2 credit cards and other debts. Basically I can make the minimum payments with my other expenses being paid but the balances aren't shifting. Good point is my credit rating hasn't been affected because I always…
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advice on complex house move pls!
Hi. I'm looking for a bit of advice/guidence for a situation we have found our selves in! Background We bought at the peak of house prices 2007, paid 95k for a house then paid around 15k doing it up. Quite lucky as we had a good deposit so 'only' have a 80k motgage which we are currently trying to overpay. Houses arent…
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The one account, any good?
My fixed rate morgage finishes in Aug and again i have been looking into the one account. Problem is i dont know anyone who has it to ask if its ok or not. the more i read about it the better it all seems. i am quite good with my money don't spend a lot on crap i don't need and try to keep my outgoings to a min. i have…
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matured endowments
I have three endowmets maturing this year 1in may 1in september and 1 in november should i pay these off my mortgage as thay mature or should i wait until the mortgage finishes in may 2011 thanks.
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Want to take over my parents' mortgage-how do I start?
My parents have 5 years to go on their mortgage and although they can just about make payments my sister and I would like to help them by taking over the mortgage- I am guessing this means we have to get a mortgage and use it to pay our parents who will then pay off their bank. How do I get started with this? Sorry if this…
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Decent capped rate FTB mortgage? (but not co-op or britannia)
All I can find online are Co-op and Britannia - are there any others? Thanks :beer:
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Getting a mortgage on a fixed-term employment contract?
Well, the situation is this; I currently have a good job working as a civilian for the Police. However, it is a 2 year contract. My girlfriend is a uni studying to become a primary school teacher (and has already been offered a job and she is not even in her final year yet!!!!). We currently live together although I pay…
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AWOL - EdInvestor
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