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Mortgage- temp worker issue
Hello Anybody with advice on this would be appreciated! My wife and I would like to move. We've put our flat on the market and know that if we get a half decent offer and with the savings we possess, we will have a good deposit- certainly over 25% of a nice 3 bed house. The only issue we can see is that for the past 20…
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First time buyer - ball park guesstimate please
Hi Am posting this before rushing out of the house - haven't the time at the moment to do all the necessary research and am looking for a word from the wise and experienced. My son and his wife hope to come back to the UK from abroad and are asking what they might need to budget for. Rough figures: Joint income - £70k…
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Can I have two mortgages at same time?
I own two properties. First is my family home where my parents live (and me until two weeks ago). My fixed rate mortgage is due to end in sept 2010 and I have been offered a new 2 year fix at 3.99% with no fees. (With the assumption it is my residence) The second property is a btl flat which I rented out, but moved into…
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mortgage advise required please?
Hi Ive found the house ive been looking for but it is out of my price range. Firstly what is the longest period you can have for mortgage to pay back? I was wondering if we went for a longer term on the mortgage, this would reduce the monthly repayment. My question is this. If you had a longer term mortgage, would they let…
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Need advice, dont have much on my credit file
Hey everyone, Im thinking about trying to get a mortgage and been doing some checks with the free credit report agency's which dont show up much in my report. About 10years ago maybe a bit more i got into a lot of dept, to cut a long story short i ended up defaulting on all my cards and loans. I paid everyone back but…
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best mortgage buying TOGETHER WITH PARENTS
Can anyone help? My husband and I are 1st time buyers. We want to buy a house with his parents that we will all live in together. They have a big deposit from the sale of their property. 3 of us earn. Their mortgage company advised that we could only get a 14yr mortgage due to my Father in law being 60. We think this is…
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mortgage advice - complicated
looking for some advice on our options. Basically we took out a mortgage in 2006 for 90% LTV. The house prices rose for a bit and at this point we added our car loan onto the mortgage (still leaving us with 90% LTV). The reason we did this is when we renewed our mortgage after coming out of a fixed rate we thought we…
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Latest red letter - huge shortfall what can we do?
We took out an endowment mortgage in 1986 with Prudential. In 2008 we got a green letter saying it was on track to pay out £35,625. In 2009 we got a red letter saying possible shortfall of £6,000 which we thought we could manage. Now we have just received a red letter saying there will now be £11,000 shortfall ! The policy…
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mortgage and loans
hi, i just wondered if you are applying for a 90% mortgage would they give you the full 90% even if you have a loan for a seperate amount? thanks
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2x People 3x Income Advice...
Hi Me and the other half both have steady incomes of say £2000 each a month after tax from our main full time jobs. We also part own a business as well which we currently get a dividend of an additional £2000 a month this amount is increasing month on month. Now can I use this 3rd income when applying for a mortgage or…
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First Time Buyer, Advice please
Hi everyone, My name is Michael and I just joined this site this afternoon. I found a lot of information on these site which been very useful to me. However, I really hope I can get some more advice from you guys as I still have somethings not sure about. Any advice will be appreciate. Thanks My situation: I am planning to…
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is this correct when i move home regarding equity
I have a mortgage thats currently sitting at £110K . I am looking to sell my house for £130K and buy one for £200K. assuming i get 130K for my house, would the mortgage company pay off the mortgage from the sale leaving me with 20K equity against the next property ? I dont want to borrow more, but trying to work out how…
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Advice on a very complicated mortgage/misselling situation
Hi all, I'm hoping some of you in the know people may be able to shed some light on this for me before we start A) paying for expensive independent advice B) keep throwing money away as I fear we are doing on a monthly basis at the moment. The people involved are my GFs parents, with none to very little financial nous,…
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Mortgage - Best use of redundancy?
Hello all I'm looking for some advice from forum members. I was made redundant a year ago and recieved just over £20,000. Fortunately I was able to get another job pretty soon and the £20k has been sitting in a bank account earning very liitle interest for over a year. I didn't want to tie up the money until I was sure the…
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Homebuy/Shared ownership mortgage deposit
Please can somebody tell me what deposit is required on a shared ownership mortgage. With and without a bad credit history? Thanks
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Scottish Amicable/Prudential Endowment
Apparently has achieved a 66.3% return over the past ten years. So smoothed over the long term, thats about a 6% pa return, enough to meet the projections. So why do they year after year add just 1.5% in annual bonus? :mad::mad::mad: Also, what happens to all this slush thats left over in the ScotAm fund when the last…
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Lender has taken Valuation fee?
Checked my bank account this morning and my potential lender (Alliance and Leicester) has taken the £250 valuation fee. They will refund this after house sale is (Hopefully) completed. Can I assume then that they are happy with my application thus far? I have a pretty safe job and am getting a lump sum payment which I…
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Advice on porting mortgage please
We currently owe £166k on our mortgage and a current property valuation has put our flat at £167k. We are however desperate to move as the property is far to small for us and our son. Our mortgage is with Halifax and at a recent meeting they gave us the opportunity to port our mortgage. However, if I'm honest, I didn't…
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When should I start paying my mortgage?
Hi all So a bit of back story... My partner bought a house with her ex 3 years ago. they split up and he no longer lives there and so obviously doesn't want to be paying the mortgage on a house he doesn't live in. Along comes me the new boyfriend who seizes the opportunity to get onto the housing market and we go through a…
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Remortgage - Missing payslips
Hello, Applied for a remortgage and got a list of requests through today, the wife has to provide 13 weeks of payslips. We have found 9 but can't find the other 4. We have the 4 prior to that. But there is a missing 4 weeks, we aren't sure if she's had them due to the job/way she is paid. Is it worth offering the 4 or…
