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Overpayment Advice..
Hi, If possible could the more mathematically & financial savy offer a little advice. Myself and husband currently have 2 mortgages over 23 years. 1 is for £162,000 with a rate of 3.59% on repayment The other is for £70,000 with a SVR of 5.39% on interest only Combined they come to a little over £1350 monthly. My husband…
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Which mortgage do you think we should go for?
Option 1 - tracker 2 years @ 4.24% above B0E rate then reverts to SVR Option 2 - fixed 4 years @ 5.84% then reverts to SVR Option 3 - fixed 2 years @5.29% then reverts to SVR 85% LTV - mortgage of £175K Which would you go for, and why? Need to make a fairly quick decision... Affordability ok on all three, monthly payments…
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First Time Buyer Mortgage - Advice
Hi, I was just wondering if anyone could help me. My boyfriend and I are hoping to apply for a mortgage over the next few months. However I ahve a default on my file registered in Nov 2007 (I am currently disputing this as I believe it should have been registered in 2004 thus falling off my file this year). However playing…
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Halifax Mortgages- Do you need a Halifax Current Account?
Hi. My fiancee and I have just purchased a home through shared equity and the mortgage is with Halifax. We both have Ultimate Reward Accounts with Bank of Scotland, although I am really keen to get rid of mine as I do not want to pay £12.50 a month for just a £300 interest free overdraft ( I do not use any of the other…
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Complicated Sale - Help!!!
Hi all Not sure if Im posting this in the right place, but my best friend is having some problems and really isnt sure where her rights are with regards to the sale of her house? Heres the story: Bought a house 2 years ago with her BF, she sold her house and put in 135k, her bf's house never sold, so he rented it out. Her…
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Mortgage, stay on the roundabout?
I have a flat which I rent, not a buy to let as I used to live there. The original reason for renting out this property (when I moved in with OH) was that it had negative equity. Over the last 6 years the negative equity has gone and indeed it is now worth more than the mortgage I have on it. I now have some capital…
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Advice needed for next step
Hi, In a nutshell we have an AIP with a lender, survey completed and all paperwork sent off. But it has taken weeks to for them to come back with a formal response. They are running behind. In the meantime the sellers are becoming nervous and I'm concerned that a decline will leave us little room to obtain an alternative.…
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Mortgage as an investment for high-rate tax payer
If you are a high rate tax payer and can afford to over-pay a mortgage to the extent it could be paid off in 5 or so years, is it foolish in a way to rent and have savings with not much interest being paid?
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How long in employment?
I have a decent deposit for a flat but was recently made redundant so plan to buy is on hold for a bit. I was wondering how long lenders would want me to have been in my job before they'll approve a mortgage. When I bought with my ex last year they wanted 3 months of payslips but we'd both been in jobs over 2 years so it…
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Overpaying
I've been looking on the mortgage calculator to see how much money i could save if i make a lump sum overpayment. obviously, if i make the overpayment now i would save more than if i made it a year from now. Does that mean that the extra money saved by overpaying earlier is what i would've paid in interest for that year or…
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Standard Life Endowment moan
I have just had my yearly statement from Standard Life regarding a low cost endowment I have. Its minimum amount at maturity is £10,000 less than its original maturity value:eek: and the estimated maturity value is £755 less than what I will have paid in premiums:eek:. And if I was to cash it in today I will get back £880…
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Could I get a mortgage on these figures?
Just theoretically, I haven't even viewed a house yet .... Deposit: £210k Borrow: £40k over 10 years Employment Status: Self-employed (since 2006) 2009-2010 Return: T/O £19k, Nett/salary £14,700 To buy: a house + annexe that could provide an income by living in one bit/renting out the other bit, in an area where house LHA…
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Mortgage - Default
Hi My hubby and i have just obtained copied of our credit reports and have found that he has a default from T-mobile (we are in the process of disputing this). Anyway, our flat is currently for sale and we had planned to buy a bigger place, however will it be possible for us to get a mortgage if he has a default. We have…
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London and Countyr Mortgage Broker?
Hi there I am thinking of approaching this company as they seem a large player, seem to be whole of market and don't charge a fee. I just wondered if anyone has used them or has any advice/comment/recommendations for them before I give them a call. Thanks.
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Buy to Let Mortgage needed but I dont have a job!! Help.
Ive been unemployed for around 6 months and currently have my mortgage with Halifax. I want to rent my flat out so have contacted them for consent to lease. The product they have offered me is around 5.1% above base tracker with a £600 arrangement fee. As Im not working Id prefer to look around and if required, change…
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LTV on Shared Equity Property
I bought my house on a shared equity basis, so i own 60% of it. I take it that means, instead of LTV meaning the outstanding mortgage amount as a percentage of the value of the property, it means the outstanding mortgage amount as a percentage of 60% of the value of the property?
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change mortgage deal on benefits?
I get the interest paid on my mortgage at the moment by the DWP, as i've been seriously ill an unable to work. I am currently on the SVR with HBOS and am thinking about switching to a tracker or fixed rate, possibly with a different lender. I just wondered if anyone knows if this would present a problem for the DWP or if…
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Calling all Mortgage advisers...........HELP!
Thank you for having a look at my problem....I will try and be as brief as possible. I am currently on a Joint Mortgage with my ex-partner. We split up early last year and my ex took on paying the mortgage. I have not had any dealing with the mortgage company for 10 months, no money has been paid by me towards the monthly…
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Interest only mortgage advice
Hi All, My current mortgage (Abbey/Santander) runs out in 3 months time and although I understand all the implications of interest only mortgages, I'm wondering if they will let me switch for a year or 2. I spoke to someone from Abbey and they told me I would need to book an appointment to discuss it, but I don't want to…
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house extension
If I were to have an extension on my house needing planning permission, would I need to inform my mortgage lender?
