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mortgage protection
hi i`m sorry if ive posted this in the wrong section my wife has just had an epileptic fit and we think she will have to give up her job as a nursey nurse therefore losing our income.We have a mortgage on our house but because of money issues we didn`t take out any mortgage protection so therefore we`re really worried…
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Hidden Mortgage Costs
Dear All I'm new to this site but pretty desperate for some advice! My fiance and I visited a broker from 6pm until 8pm last Thursday. I came out of an IVA a couple of years ago and we've seen a few brokers where the AIP's have failed in recent weeks. I also shot an email off to a firm in Maidstone and the AIP was accepted…
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FTB help
Myself and my partner are hopeing to purchase a house soon i will be 21 (roughly 12k, prob a little bit more by then) hes 23 (15k) i popped into my local brigefords the other day for a quick chat and she thought that we could be able to get £104,000 worse case (idealy we could do with £110,000 currently got £3000 saved…
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Renovation mortgage help!
Hi Guys, Looking for a bit of advice please! We have been offered the chance to purchase an almost derelict cottage for 70k. We estimate that it would cost approx 30-40k to get into a live-able condition. What kind of mortgage products would be available to do this kind of project? Can you borrow money above the valuation…
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stamp duty? 1st time buyer in joint mortgage
Hi, As a final option of buying the house of my dreams my mortgage advisor has advised me to use my would be guarantor (who cant be my guarantor any more as he's not related to me) as a joint buyer. Previously I was a first time buyer buying a house worth 135k therefore didn't have to pay stamp duty, but I wanted to know…
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Mortgage with large deposit but bad credit
Hi I was wondering if someone could give me some advice on getting a mortgage with a large deposit but bad credit.(now settled) I have a large deposit of 45% of the house purchase price but have in the last 3 years had several defaults on my credit file, I have in the last few days cleared all of the debts from my credit…
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Is my mortgage company trying to cheat me?
The other day I got a letter from my mortgage provider. I was going to post an image of the letter, but sadly the site wouldn't allow me to do so, so I've typed it out the best I could, word for word. " A few days ago, I received a letter from my bank. I was going to cut and paste is as an IMG, but the site won't let me.…
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Is my morgage company trying to cheat me?
The other day I got a letter from my mortgage provider. I was going to post an image of the letter, but sadly the site wouldn't allow me to do so, so I've typed it out the best I could, word for word. " A few days ago, I received a letter from my bank. I was going to cut and paste is as an IMG, but the site won't let me.…
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Repossession could be imminent - help!
Right now things are really in the balance and I worry for what will happen next. In a nut shell and looking at my previous posts if you look that deep you will see some track history, but this situation is new. We have had some serious debt problems and we have been sinking ever since and now a new bomb shell – the worse…
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Mortgage help for the in-laws needed!
I need some advice regarding a situation my in-laws have gotten themselves into with their mortgage. MIL is 66 and FIL is 50 and both work full time. They have a sub-prime interest only mortgage with a 4 year fixed term interest rate of 6.7%. The fixed term is up in June 2011. The actual mortgage term is 17 years, so thats…
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Buy-to-let or other options?
Hi. This is the first time I've posted so please bear with me. I've had an offer accepted on another house and was planning to get part of the deposit by remortgaging my current home (which is now on SVR) for 72% LTV and renting the house out to cover the repayments. Despite trying to do as much research on the internet as…
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Mortgage help - no cash deposit?
We are considering coming back to the UK but once we have sorted out everything and made the move our cash balance will be quite small. We own some investment properties in Scotland and these are valued at around 320,000. We have 1 mortgage totalling 50,000 pounds. Would a bank lend without a cash deposit but using the…
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Where to start?
Hey All, I'll give you a bit of back ground info first. I'm 26, as is my parter. She works in retail with a salary of 18/20k per year, I'm a multi-skilled tradesman (self employed though, although I solely work for a company based in Bromley, Kent). My rate is per day @ £120(so taking an average of 48 weeks, allowing 4…
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Remortgaging - is this possible ?
Hi folks, Is this possible ? Salary - £36K (my salary only, as missus at home with the four kids....all under five :eek: ) Debts - £38K (loans, credit cards, overdraft) House price - £275K approx Mortgage - £258K Current Mortgage monthly payment - £1250 (A&L 4.99%) New mortgage monthly payment from July onwards (base rate…
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Mortgage Advice for newbie!
Hi guys, Got some questions about mortgages and what sort of proposition I represent to lenders. I'm 23, and so is my partner. She is an NHS Staff Nurse and I'm a Web Developer. Together, we bring in around £40k per year. We currently rent a 2up-2down for £490 per month. We were in dire straits debt-wise about 6 months ago…
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ftb-help!
hello, sorry if these are all stupid questions stil very new to this! we have just started to look at houses in our area and have seen one we like at £140000. Think we could get it for less (its been on the market a long time) but assume we should work on this figure? deposit is (blush) bank of mum & dad, were working on…
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Southern Pacific Mortgage
In 2006 we took our a remortgage with SP, trying to keep our heads above water, We were on a fixed rate payment scheme but the payments kept changing, also when the house was valued for remortgage it came in at £130 thou, but when we got the mortgage papers it was a mortgage for £155, thou, and the broker said dont worry…
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Buy to let for student son
We have three children. We helped two of them to buy flats in Edinburgh to give them a foothold in the property market and now they live in London. Both are covering their mortgages with a small profit, but the main point of this plan is to allow them to benefit from capital growth when they buy their next property which…
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Mortgage on "affordable" flat
I'm interested in buying a flat which was sold to the first owner under a Local Authority Developer Discount scheme for 80% of it's full value. They are now looking to move. The property is not shared ownership - the owner owns it outright, so there is no rent element to pay. However, the restriction on the property being…
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the future of 100% mortgages
i know 100% mortgages have their pitfalls, and that they are part of the problem we are in now etc etc so please no need for an economics lesson. basically, we are a young professional couple, renting at £600 per month, earning 25k and 23k. i must stress though, one big expense we have is the 25k income involves a commute…
