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Affordable?
I'm looking for an unbiased opinion on whether you think this mortgage wold be affordable please. Together my partner and my salary comes to (a year) £42,000 a month £2,300 We were lookng at a house £168,000 (price on the market) However houses in that area selling about 10k less than that so probs about £158,000 We have…
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Can someone explain my mortgage breakdown pls?
Hi all, My head is a bit scrambled and I need help! Today we made a lump sum overpayment of £3000 off our mortgage. I asked for a statement of what we owed and I'm a bit confused with the printout. So it reads as follows: INTEREST: 2155.84 PRINCIPAL: 167719.87 AMOUNT OWING: 169875.71 MTG DISCHARGE FEE: 175 AMOUNT TO REPAY:…
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Nearly divorced and very confused!
Finally agreed divorce settlement after years of wrangling:) Now I have to see Halifax re mortgage and despite hours of reading these boards I'm still very confused! I get the house (£200,000) and IO mortgage of £60,000. Also endowment now worth £24,000. Mortage and endowment (both previously joint) mature next Feb. I've…
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A+L Valuation
Just got our valuation back and I'm a wee bit confused. Valuation itself is £198,000, however, insurance recommendation for rebuild is £258,000. Shouldn't these figures be the other way round?
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can he legally take all the money from the sale of the house?
hi, i bought a house with my brother 5 years ago - we pay half the mortgage and half the rates each through a joint account. after alot of hassle and bother ive had to sell the house for less than what i bought it for just to get him out (as i cant remortgage and if i sell cant get a mortgage to buy a new house) so im…
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First Time Buyer - New Job Mortgage Question
Hi, I am looking to buy my first flat and I have a mortgage question. The flat is around the £200k marker and I was looking to leave a 25% deposit, perhaps even 27% but would like to keep bit more of a contingency nest egg. The monthly mortgage rates are quite within my means (including any potential increases to interest…
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new to remortgaging...
hi all, i am a newbie on here. i am looking for some help from wise people :D . i was a first time buyer in 2008 and my 'fixed term' mortgage is coming up for renewal. when i took out my mortgage it was 6.6%. when i phoned my current lender yesterday the best they could offer was 6.9% (nationwide). i am trying to avoid…
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Buying 1st house with girlfriend
Hi all, I am looking for a bit of advice... My girlfriend and are currently looking to buy our 'first house' together. I currently own a Shared Ownership property (50% stake in a £135k property) and my girlfriend lives with her parents (never had a mortgage). Unfortunately, I took out a 100%LTV mortage in late 2007 for…
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Quitting job while remortgaging
Hi Looking at remortgaging at the mo. My partner is just about to leave his job to expand his currently part-time self employed company. I am currently making him wait while we have remortgaged as i believe they will be writing out to his current employer to get confirmation of employment and wage etc. I now this sounds…
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Mortgage whilst starting new job
Hi, I was wondering if anyone could offer me some advice, I'm a first time buyer and have just had an offer accepted on a house. I have an agreement in principle from HSBC, and have arange for a meeting to proceed with the mortgage application. However, in the list of things they have said I'll need to bring with me, I…
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mortgage or borrow from bro in law
Hello, We inherited a property this year which we sold and so money in the bank. we found a property for 357k, the vendors wanted a fast sale so we put offer of 352k and said we could move fast as nothing to sell, mostly cash buyers but with a small mortgage of about 85k. Both solicitor and mortgage broker told us…
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Ftb: 50% deposit, poor credit.
Hi Guys, My wife is going to be applying for a mortgage shortly, First Time Buyer. She earns: £30K from her regular 9-5 £80K from my company We have £75K cash deposit, the house we are purchasing is valued at £180K, the seller is letting it go for £145K. We therefore need a mortgage of £70K. My wife has 4 or 5 defaults to…
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From when do you get charged for mortgage?
Hi guys, I'm hopefully completing on my first house purchase at the end of this month. I'm buying from a vendor buying a new build and have a 10 days notice for completion (total deadline of 9th July). I'm told things are ahead of schedule and we should complete before the deadline. I would like my solicitor to draw down…
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Post Office
Looking at the post office mortgage lending criteria, Its says "We do not accept: ex-local authority flats that are more than 4 storeys high or that have open decking flats converted from office buildings or refurbished ex-local authority blocks" The property Im looking at purchasing is a two bed ex council flat. Its 3…
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Post office mortgage and first time buyer
Hello, I've been to see a mortgage advisor and seen the deals that they can offer. The cheapest being a 6.99% on 90% mortgage over 25 years. As the post office dont deal with IFA's I am unable to take up their deal of 5.45% fixed for two years. The IFA has said that after looking at my credit report and past history, I am…
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Need deposit, but catch 22!
:jHello there, havent been on here for a while now but have a question if anyone can help would greatly appreciate it! Right here goes, need a deposit for a property that we have found, and need to get a mortgage before hubby comes out of HM Forces next year, but cant get the graturity lump sum (that we rely on for…
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subprime mortgage?
due to a poor credit score, any advice on sub prime mortgages?? looking to borrow £167,000 have a deposit of £55000, what are the intrest rates likely to be? And does anyone know the criteria they look for in the application, I have pay slips, bank statements etc, annual wage £47000
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getting rid of a default
After having had a great credit score, I have got 4 late payments on a barclays credit card. The mortgage advisor says that he cant get me a mortgage due to this. He suggested calling Barclays and asking them to write a letter to experian and remove (or putting a note next to the defaults) to try to improve credit score.…
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Health Insurance with a mortgage, is it compulsory
We are procceding with our first purchase, and after sorting through the formalities of our mortgage, the financial advisor, said we need health insurance, I just went with it. But after my grandad reading the T&C's of a abbey mortgage, it only states tha buildings ins is needed, nothing is mentioned of health insurance.…
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What's the best mortgage
Am thinking about moving house, am currently on an offset deal - should I stay with this or move to a fixed or variable. Any thoughts?
