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Getting a mortgage with credit card debt
My boyfriend and I are hoping to move to a bigger property asap. He currently owns the maisonette we live in. He bought it for £137,000 and we're hoping to sell it for around £200,000. We want to look for something around £300,000. I earn £25,000 p.a and he is on about 35,000p.a. My worry is that I have about £8,500 on…
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Lump sum off mortgage
I have an endowment policy maturing shortly, it will be more than the 10% Abbey allow to be paid off the capital annually, I am anxious that the money isn't wasted, would the 'charges' out weigh the benefits
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Current mortgage, stuck in a rutt
Guess I know the answer to my own question, but any advice would be appreciated. I have a mortgage with Cheltenham & Gloucster. Currently I pay £508 p/m 6.25% INTEREST only on a £97000 mortgage, early re-payment of £4000 applies until 2013.Mortgage over 20 years. The current climate if I sold up I would probably only get…
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When is a 2-year fixed rate not a 2-year fixed rate?
Hi everyone, Just two small pieces of small print to be aware of if you're considering paying a booking fee for a fixed-rate mortgage. When you pay for a two-year fixed rate mortgage, the "two years" does not start from the moment you draw the mortgage - it starts from some arbitrary date after you pay the booking fee.…
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Shared Mortgage and a flat in negative equity.
My partner and i currently have 2 properties between us and are trying to decide how best to move forward. He currently has half a mortgage with a housemate ( approc 95k each originally) when they bought the house for £190k. They balance is now £183k. We recently had the house valued - it is worth approx £205k so has…
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KFI Summary of Mortgage Payments
I've been offered 2 new tracker mortgages for a house I intend buying - Accord's KFI (85%LTV, 4.39% 2-yr tracker) has a summary of payments telling me how my payment is broken down every month so I can see how quickly I'm repaying the principal. However, the Nationwide mortgage (90%LTV, 4.63% 2-yr tracker) doesn't have…
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joint or gurantor mortgage with parents
Hi all, I'm thinking of buying a house for 200k with 30k deposit. My salary is just a bit low to get the full 170k I need so I need some help from my parents. Has anyone got any advice on whether to go for a joint mortgage with my dad or have him as a guarantor. The way I see it is: Joint - will have to pay stamp duty as…
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overpaying
this might be a silly question so appologies for my naivety (sp)!! if you overpay on your mortgage does that go to increasingy your equity or reducing your interest, or both? i hope that makes sense!! :eek:
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Buy-to-Let Mortgage
I would really appreciate some help in respect of a buy-to-let mortgage. I am pretty new to the searching for mortgages game !! I have had an offer on a house accepted. The house costs £145,000 and I have a deposit of around £80,000.....so i have more than half of the funds. I am looking to get the possible buy-to-let…
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Mortgage for renovation project
Hi all I was just wondering, as I have a mortgage on my own home, whether I would in theory be able to obtain one to purchase a renovation project? If so, would it have to be a specialist type? Thanks in advance
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FTB Advice- Lost Mortgage money via CHAPS
Good Evening all I hope someone can offer some advice please. We are in the final stages of buying a property . Our Solicitor asked our mortgage provider to release the full mortgage amount into the Solicitors account in preparation to complete the Purchase transaction. This was done on the 7th of May to be transferred to…
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first time 5% deposit?
Hi Im first timer looking to secure a mortgage for first house i wondered if there is any lender which accepts 5% deposit ? or less than 10% ? also if there is any essential guide for someone like me , im zero talent when it comesto finance n mortgage
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Remortgaging - Can you give the lender a lump sum to get good deal/reduce balance
I am coming to the end of my 5yr fixed mortgage deal. Basically we bought the house for £126K, took out the mortage for £120K. Now at the end of the 5yr term we have £108K left. My wife and I try to be as prudent as we can be and didn't overstretch making sure either of our wages could pay the mortgage if the worst…
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Mortgages - moving current account
Having suffered the 2nd internet bank account fraud in 12 months on my HSBC account and received pretty shoddy service I am considering moving current account. BUT my husand and I are saving with a view to buying a house towards the end of the year (with 20% deposit) and I am concerned that moving accounts now may have an…
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CIS Endowment Maturity amount? & Miss-sold?
My wife took out a CIS 15 year with profits endowment a few months before we met in 1996. We kept it up as we planned to use it to pay off some of our mortgage and as the CIS guy had suggested she should expect at least £15,000, seemed a good idea. It is due to mature early next year and we today called them to try to get…
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Fixed rate to variable?
Hi, Can anyone help with my query please? I had a 100% mortgage 3 years ago with future mortgages, they are now citigroup and do not offer mortgages any longer. Im coming to the end of my 3 year fixed rate deal in august and presume I will be put onto their variable rate and continue as was? Has any one any experience of…
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Extending mortgage period
iv started a new post for this in the hope of some replies :D i didnt know you could extend your mortgage period without 'remortgaging'. im currently in the crappy position of 'saving for a deposit' and trying to put away £300 a month, my current mortgage is with Dunfermline Building Society, SVR 5.19% which costs me £570…
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Mortgage Hitch - Opinions?
My partner and myself have bought a new home from Bellway, which will be ready to move into mid-June. We have agreed a mortgage with the Abbey and are putting down 25% deposit. Bellway asked us to give them 10% up front (which I think is the norm with new bulids). The 10% will be taken tomorrow. We have the money in our…
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mortgage question
I have a query that I wanted some advice to -I have searched the forum but could not see similar problem.......... My retired parents are about to buy a house (an offer has been accepted) and they can pay for the house outright without selling their current house (they are cash buyers). When they leave their current house…
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Damp Proof Course Costs
Hi - I've just been quoted £770 for a damp proof course on a property I'm purchasing. The cost of that is fine but the have also quoted me £1615 for re-plastering. This seems expensive and I am intending to have the rest of the property plastered/skimmed anyway and was intending to use a plasterer we know. Can I just ask…
