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Mortgage Advice
Next year im looking to get a mortgage will have around 25-35k to put down and need another 75-85k, earnings around 30k before now the bad bit, 3/4 years ago i defaulted but settled, i actually done this on 2 cards but only one shows up on my report, still have the Barclay and it only shows 3 years worth of data and shows…
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mis-selling of my endowment
Hi, I took out an abbey life (now with royal london) endowment back in 1997. In 2001 I moved and took out a repayment mortgage leaving the endowment as an investment. Since 2001 until present day 28/05/2010 I have not recieved any letters regarding my endowment. Phoned royal london to trace how much my endowment is worth…
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Mortgaging with a new job
Hi, I am hoping someone can help! My boyfriend and I are first time buyers and have made an offer on a flat of £250k which has been accepted. We currently earn £59k (him) and £33k (me) and had our mortgage approved in principle. We have both been with our current employers for nearly 3 years and have professional jobs. I…
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MSE News: Lloyds hikes standard mortgage costs
This is the discussion thread for the following MSE News Story: "The UK's biggest mortgage lender is scrapping its ultra-low standard variable rate for new borrowers ..." Read the full story: Lloyds hikes standard mortgage costs
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Remortgage or not? Help?
Hi there Just looking for a bit of advice. My husband is currently has a mg with NR and fixed or tied in for 10 years. He is looking to remortgage to hopefully bring down the payments. The term is currently 18 years but hoping to extend it to 25 years meaning he would still on be 62 when the mg finished. He initially had…
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First Time Buyers - Director of Ltd company
Hi All, We’re starting to look at buying our first house and wondered if anyone could share their experience with regards to mortgages for someone who is technically self-employed. I am 27, in full time employment and earn £48,500 basic salary with around £10,000 a year in bonuses. My partner is 24 and sole director of her…
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Mortgages - Increased Fees
AGGGHHH! I just recently got a mortgage from Nationwide and based the monthly payments around what I can afford. Now they are revising (i.e. increasing) their fees and I will have to pay around £50 extra a month or an extra £15,000 on the full term of my mortgage. That's a lot of money and if I had known that in the…
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Credit cards vs Loan - which is best re mortgage application?
Hi there, I'm hoping someone could give me a bit of advice... My ex-partner and I have a joint mortgage and our plan is for me to buy him out. The mortgage payments would not be a problem (I pay full amount of current mortgage payments anyway + increase would not be a huge amount as up to new 75% value is interest only so…
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How do you get a self build mortgage when you need to factor in site cost?
Curious as to how this works. If the site is say £25,000 and build costs are £80,000 = total of £105,000. (Lets say I have a deposit of 10% /20% = £10,500 / £21,000,) Does the mortgage lender pay the site owner their £25,000 or do they just give the total amount to the person taking out the mortgage, who then pays the…
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letting my flat under residential mortgage
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Early Repayment Question
I've just got approved for a new mortgage as I'm buying the other 50% of my flat but I have to pay an Early Repayment with my current provider Santander which is pretty huge because I originally signed up for a 10yr mortagage :( (I've learnt that lesson). Anyway I've just found out that my new provider Alliance and…
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help to remortgage with bad credit score
My fixed rate has just run out and i am looking to remortgage. the problem is both my husband and I have bad credit history....any advice on companys that my be of help:rotfl:
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Mortgages and affordable housing
Hi I'm currently in the process of buying a new home (still being built at present). It's subject to a Section 106 - affordable housing for locals or keyworkers in certain services. Other than this it is a completely normal sale, I'm buying it outright from the developer so it isn't a council scheme nor is it a…
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mortgage multiples - how much can we borrow?
Hubby & I are in the process of selling the current home (mine only) & buying together. My mum (who's somewhat pessimistic & Daily-Mail-esque in her outlook) is convinced that lenders are reticent to give mortgages these days. I just wanted to gauge opinion from everyone - are lenders easing off the reins a bit now or are…
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Endowment mortgage shortfall
We have two endowment policies one of which finishes in about 2 years and the other in 4 years. We have just received letters regarding these policies, one a red warning and one amber warning telling us that between them they are likely to fall several thousand pounds short of the mortgage amount. Both are described as…
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What type of mortgage do my parents need?
Hi I hope I have put this in the right forum and that somebody can help?! My parents own a home with their mortgage completely paid off now (worth aprox 100k). My mums mum passed away last year leaving my parents her bungalow (worth aprox 130k). They want to move there but it needs work doing to it including building an…
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deed of postponment help
I have a second mortgage with first plus that I got a deed of postponement for when we moved two years ago and changed lenders, since then I have paid £25,000 of the first mortgage amount and now want to raise some further borrowing with the first mortgage lender, will I need another deed of postponement as with the…
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Wisdom of paying off my mortgage early
I have a tracker offset mortgage pegged at 0.34% above base for the remainder of the term (21 years), with 250k outstanding. Due to inheritance i am now in the position of bieng able to pay my mortgage off. Conventional wisdom suggests i do this, but why would I when I can get say 2.5% on the 250k by locking it up for a…
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How much is realistic?
We are "next time buyers" looking for a mortgage against our Ltd company accounts. We have 5 (soon 6) years of accounts, but only the most recent year and the year soon to end show figures for earnings i want to be considered. So i'm looking for someone who will only take into account 1 or 2 years earnings when they…
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Offset Mortgage Problem - Swizz
Advice Please We took out a 10yr Offset mortgage three years ago with the Clydesdale Bank We were told this would be paid off sooner allowing for the offset accouts, but no more than 10yrs. We kept the offset balances above the mortgage amount for the full three years to get the maximum benifit. We have received a letter…
