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Is it too late?
Hi all, just wanted your advice on something. I'm a FTB and had an appointment with Woolwich today. Ended up signing up to their 5 year fixed mortgage at 4.44%. I then went home and realised that Britannia are offering a better deal at 3.99% which basically means i save £1500 over the 5 years PLUS the valuation fees are…
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FTB, Likely to get a mortgage?
Before I go to a mortgage advisor, I thought I'd get some advice on here... So, Cash deposit: £35,000 Income: £20,000pa (+£4000/year weekend work) Ought to have a good credit rating, always had a credit card which I occasionally use and pay off immediately, I'm registered to vote, have a mobile phone contract.. can't think…
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Can someone please help?
My parents aged 54 and 48 have got a mortgage with Advantage. My mum is currently on sick but they have recieved an offer from Advantage. If they move their mortgage of 156,000 and they will take some money of this. Problem is we dont know where to start looking for a mortgage. We have previously tried before and…
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'Sitting Tenant' discount on mortgages???
Hi Everyone, We're looking for a bit of advice. To give you an overview of the situation, our landlord went in to administration and we've been told that we will have an opportunity in the near future, to buy the property. The property was valued but the surveyor said that they expected the property would sell for…
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Stamp duty tax
I have a house in my name, but I'm looking to purchase with my partner and keep my current property. The property we have found is over the amount she can get in a mortage on her own, which means we are likely to have to pay Stamp Duty (she would be a first time buyer otherwise and, therefore exempt) Is there a way of…
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Shared Equity
I have been wanting to buy my flat for a while now but have adverse credit. The flat is valued at £115k and the owner (he is a property developer and wants to sell) has offered shared equity and he would retain 30%. I have two jobs and earn 52K per year. I have two loans which account for 400 per month with no missed…
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5% vedor gifted as part deposit ?
Hi, I am going to put an offer in on a house and a mortgage advisor suggested using a 5% vendor gifted deposit, only their rates weren't as good as some i have seen on money supermarket.com. I just want to know if all banks and building societies will allow this 5% vendor gifted as part of a 15% deposit. Thanks
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Can someone tell me what an application to enter an agreed notice is?
Hi, In simple, laymans terms, can someone tell me what this actually is? I have done some googling and looked on the land registry website but alot of the info is legal gobbledy gook. I have just received a letter from the Land Registry informing me that they have received an application to entr an agreed notice. This has…
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Remortgaging for 1st time
Hi My fixed term is coming to an end and therefore are looking to re-mortgage for the first time. These are probably basic questions but i haven't done it before so any help would be great. If i stay or change bank will they charge me a property valuation fee? If i move i guess there is an exit fee to pay my bank? I am…
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Do I need MPI?
Hi, After reading the MPI advice on this site :money: I'm not sure if I really need cover any advice? Joint mortgage of £1000 a month. Wife has worked for NHS for nearly 30 years, gets 6 months full sick pay & 12 months half after that. Not sure about redundancy terms but under statutory gets about £10K - but would assume…
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Repayment Admin Fee
Hi, sorry if this is posted before but i've had a search and i'm still confused. My wife has a mortgage with RBS and on the yearly statement it shows a payment of £195 as a repayment admin fee. We cant work out what this is, ring them they just say its a fee you have to pay and they changed their policy to take it early.…
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Mortgage Advice please do i need Buy to let etc
Hi, I've been looking around reading banks websites etc trying to make head or tail of all the info on there but i'm more confused now!! basically my fixed rate deal with NR is up in oct. I had permission off them to rent out my house which i am £350 per month. The monthly payent for morgtgage is £560 i'm over paying £40…
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Need to remortgage, but starting university straight after
We own our own place and we need to remortgage on September 3rd. The outstanding balance will be about £175k. We estimate the property is worth £225k, but looking at similar properties in very nice decorative order in the next few roads, they are on the market for £250k. Ours still needs modernisation although we've put in…
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Help! Joint Mortgage with Ex partner who refuses to pay!
I hope that somebody can give me some advice. I have a joint mortgage with an ex-partner. We split up over 2 years ago. Even though the mortgage is in both our names, the mortgage payment and extras (life insurance, buildings insurance, etc) has always come out of my bank account by direct debit. The house was put on the…
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Will I get a mortgage?
Hello to everyone and thanks for taking the time to read my query. We're looking to move house but I have some concerns about whether I'll be able to get a mortgage or not. I'm looking to borrow about £120,000 Positives: £40,000 savings £20,000 equity in current house (approx) £35,000 salary Negatives: Late 2004 I had some…
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Current deal the best deal?
The Brittania/co-op fixed rate 3.99%/5 years caught my eye as i expect interest rates to go up and i'm a self employed tradesman so work isn't guaranteed but i'm on a better deal than i thought with my current lender. Current mortgage with the Manchester is 1.5% above base rate until the end of the loan (20 years left) and…
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Advice needed please.
I've been reading the forums for sometime but this is my first post and I really need some help. I'm in the process of separating after 18 years of marriage. We have only £3500 left on the mortgage, and he is planning to buy my half of the house. I will be walking away with a lump sum of £120k to use as a deposit and to…
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FTB - Before I go huting..
Just looking for peoples opinions on this before i take the next step. House offer would be 116000 Deposit 37000 Mortgage 79000 So an LTV of ~70% Earnings 17500 So an Ratio of 4.5x Credit history - No defaults or ccjs or markers, no loans, 2 cashback credit cards payed of in full every month. On electoral register. Just…
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Mortgage Recall
HELP!! I have a mortgage and an overdraft with the RBS. My mortgage is not in arrears and I pay it every month. Out of the blue I have just received a letter from the RBS - actually two letters in the same envelope giving me 2 weeks to pay off my overdraft and my mortgage. If I do not pay off my mortgage in less than 2…
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Should I pay off a lump sum?
Hi We have a INTEREST Only Mortgage (85%) with Platform as this was all we could afford and wanted to get on the mortage ladder. We are on a 3yr fixed rate. We have inherited 10k and are unsure weather to save this or pay it off the mortgage? Ideally we would like a repayment mortage but cant afford the monthly payment as…
