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Help pls on interest only,,,,
hello all hoping someone can help, 3yrs ago moved house, into a village we hated it too far to travel for work, we was there 6months, so we moved back luckily got a house in the same square we moved from. only down fall only way we could afford it was "Interest only" this is a fixed deal for 3yrs runs out June next year.…
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Lenders who allow vendor cashback
SOMEBODY PLEASE HELP! I am a FTB or should i say want to be, I have a 10% deposit for a 100k house i wish to purchase however it is dated and the current vendor has said she will give me 10% casback upon completion to update the property as i dont have extra funds after the deposit but the likes of halifax and natwest will…
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Lenders who allow vendor cashback
Somebody please help!!
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Cash in Endowment to pay debts
Hiya New poster here so please go easy! Where do I start! The wife & I have recently been through her being made redundant from her job as a graphic designer, couple that with 3 kids, one being preschool & my job being commission based (largely) & motor trade related, things aren't rosy in the garden anymore! We've done…
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Can a Trust hold a Mortgage ?
hi, I'd appreciate any views and advice anyone may have on my predicament. I am acting as executor for the estate of a family member who sadly died recently, naming her children aged 16 and 12 as beneficiaries in her will, to be held in trust until they reach 21. The estate consists solely of a property valued recently…
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remortgage or not?-low ltv
hi, a little query... i am in a fortunate position ( and am very grateful) of having a low remainder left on my mortgage.....circa £26,900. I last remortgaged in 2008; before the bottom fell out...I was travelling, so had to stay with the previous provider :o for ease of remortgaging from afar...the rate was 2 yr fixed at…
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Are we getting a good deal with this mortgage
Hi, We are looking to move home, The home we like is £255,000 and we would be putting £30000 down from the sale of our own. We are with loyds at the moment with a £140,000 interest only and the other £14,000 repayment, total £154,000 on the SVR 2.5%. Loyds is offering the top up on the other £71,000 on a repayment at 5.99%…
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Transfer of Equity and Mort
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looking for new job during mortgage application
Hi All, Were currently waiting for our mortgage offer to be accepted which should be this week or early next. Ive being looking for a new job over last few months (better pay so no problem with the wage) and have an interview somewhere where I think I have a decent chance . My question is - is there any problems with this…
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85% Mortgage for a New Build?
Hello, Looking to purchase a new build and looking for a 85% mortgage deal but there does seem to be many people offering it or they do not mention it at all. Had a agreement in principle with Nationwide but they have changed the policy and have withdrawn it now. There seems to be some mention of Halifax doing it but they…
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Fixed Term Contract
Hi, Me and my fella are looking at houses at the mo. But, i am unsure if i will be approved a mortgage. My fella has a good job earning about £25k. I am employed on a fixed term contract - ending next March - but the contract has been renewed for a further year after as we won more funding. I have been in post for nearly 4…
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Mortgage Seperation
In October me and my partner (not married) brought our first house together. Unfortunately last month we seperated (on her terms) and to make things easier i moved back to my parents house as she did not have anywhere else to go. Since moving out i have carried on paying half of the mortgage as i did not want it to get…
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Only been self employed for 1 year, can income be included for mortgage quote?
Hi, My Husband works for a large company full time and receives a full time salary. 1 year ago he also set up his own 'sole trader' freelance business which he does in his spare time. In this first year he has earnt an extra £7k from this. As it is a new business will a bank/mortgage provider be able to include this in his…
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6.6% fixed rate ending Sept 10 - advice please!
Hello All, I know it is a few months away yet but I want to start learning more about our options. We took out a 3 year fixed rate mortgage with Future Mortgages in 2007. At the time we were offered a rather high rate of 6.6% (first time buyers with 95% mortgage). When this ends in Sept, can anyone hazard a guess at what…
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Mortgage on a zero-hour contract
Hi. I wonder if anyone has experience of the situation I'm in and can advise me? I'm trying to get a mortgage for moving to a bigger property with my boyfriend but my work situation is mixed - I earn about £9k a year from self-employed work, for which I fill in a tax return, and about £21k from a PAYE job for which I am on…
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First Time Buyer Help Please!
Hi all. Me and my gf are about to start looking for our first house. We have managed to scrimp and save for the last few years at get 21k for a deposit. She has a pretty much perfect credit score. I have had a little bit of trouble in the past when i was at uni 4 years ago, mainly with credit cards, having stupidly missed…
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Mortgage Deed/Transferring mortgage to another person
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Diamond Lifestyle mis-selling mortgages ?
Has anyone heard of diamond Lifestyle mis-selling mortgages ? I had a call just now from a local company, basically telling me that Diamond had acted inappropriately in selling me my mortgage. Basically I bought my council house through Diamond, using Prefferred mortgages, then after the fixed term moved on to igroup, also…
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Tax question on Scot Am maturity
I recently received a cheque from Prudential in payment of my endowment maturity. At the bottom of the letter it states" The Company certifies that the Income Tax deducted has been or will be accounted for to the Inland Revenue" Dos this mean that I am liable to pay tax on this payment?
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MSE News: Ombudsman warning on interest-only mortgage debts
This is the discussion thread for the following MSE News Story: "Hundreds of thousands of homeowners with an interest-only mortgage are facing a debt crisis when their loans mature, it is feared..." Read the full story: Ombudsman warning on interest-only mortgage debts
