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Endowment Advice
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Mortgage or remortgage?
Hi All This is probably a really silly question but I bought a house outright in February with no mortgage just cash. Now I have decided to do some further work to it - ie make it a 3 bed not 2. I need £8,000 to do it - do I apply for a mortgage or a remortgage? I have really bad credit rating from my previous life!!! What…
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Any chance of FTB mortgage with default?
I was hoping to buy first house with partner early 2011 but when I checked with experian over the weekend I have a default on my credit record for £96 in April 2010. I settled the default in May 2010 and it relates to a Next order that I did not receive in December 2009 (I have posted on the DFW board for advice on how to…
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Mortgage or bridging loan
We are looking to move house. Our house is in such a state that we really need to have work done before selling (new carpets and decorating). We have seen a house that we really like and have just started offers etc. Ideally we would prefer to move and then get our current house done up to sell. We will need to borrow…
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5% deposit deals...worth it?
Just looking for some advise.. ..me and the missus just seen the ideal villa...fixed frice £91500...valued at £96k. We are able to come up with £5k deposit...but looking online the deals look few and far between. also, we both work for a large bank...do you think they would offer us a deal??
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But to let mortgage....
I have a freehold property currently with no mortgage with a sitting tenant. I was looking to remortgage 30% of property value; I get £1720 per month from rent. I have seen a mortgage term of 25 years with 5.89% 5 year plan. This will cost 774.10 per month repayment and 588.99 interest only. Clearly I can afford the…
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end of fixed deal coming up
hi, i am hoping someone could advise me. Our fixed rate deal end in a few months, we are in neg equity, not by much, but a few thousands which may as well be millions ! what happens when the fixed rate ends? do we just move onto the variable rate? can we fix in for another fixed rate? we also have just had a charging order…
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Remortgage Trouble ?
I have been a very stupid girl and run up credit card debts in mine and mostly my husband`s name (without his knowledge). Surprisingly enough he took it very well and we are trying to sort the problem out. The state of play is we have one year left on 50% of our mortgage and 10 years left on the balance. We want to…
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Documentation
My mortgage broker says my lender only need him to have on file: last month's payslip, last month's bank statements, proof of deposit. Seems very light on proof to me! Is that the norm? Also, my parents are gifting us the last £5000 of our deposit so it will take a while for this to hit our savings account. Will the lender…
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In 1yr Offset - Can we transfer to fix without penalty?
Hi, We placed a substantial deposit with our current provider for a 1yr offset. however, during house renovations we now need to access a bit of that deposit. We are only entitled to access 'Additional Borrowing' after 6 months, in November. A family member thinks they swapped mortgages for a similar reason, and stayed…
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How long before you can apply for a mortgage?
How long do you have to be in full-time employment before you will be considered eligible to apply for a mortgage? Also, what other kind of track record do lenders like to see?
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Have I got a hope in hell's chance of getting a mortgage?
Just wanted people's advice really as per the title! My partner and I have a £10k deposit but I have debt of £15k. I earn £33,000 and my partner is self employed at about £20,000. We would ideally like to get a mortgage for about £135k. Do you think there's any chance??!! Thanks in advance
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transferring an endowment policy
Hi, on my divorce the court order stated that our three endowment policies should be shared out, two in joint names were to be transferred to my ex husband which I did without any problems. The third policy which was in my ex husbands sole name was to be transferred to me. He has stalled and stalled on this, telling me it…
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Mortgage + Inheritance help needed
I currently have a mortgage with Santander it is as follows: £160,000 Interest only £36,000 Repayment Interest currently 5.90% locked in until October 2011 The mortgage is over 20 years My monthly repayment is approx £1100 per month and i can not afford to pay more than this. I have recently inherited £20,000 and was…
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10k mortgage
hello i am planning on buying my first house late this year/early next year and i have a good deposit, i only need to borrow about 10k. i just wanted to know if lenders are lending small amouts for good rates at the moment or should i just lend it on credit cards with 0% for x months, as i know i can save up pretty fast to…
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historic mortgage rates
Please can anybody point me in the right direction for finding out what mortgage rates were in force from 1970 onwards. Even approx. figures or yearly averages would be useful. (I am trying to calculate how much I have paid in interest over the years !!!):eek:
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Trying to juggle mortgages please help!!
I would greatly appreciate if someone could help me. Me and my boyfriend have a residential mortgage on our home that we live in it's worth £160k and we have £117k remaining on the mortgage. We have seen a lovely house that we would like to buy but don't really want to sell this house as it is in a great location and will…
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Feedback on mortgage deal
Hi I'm interested in getting some feedback regarding a mortgage deal. I already have a financial advisor (who's repeatedly let me down), so I've gone about this myself, but I have to admit I'm terrible with financials!! I've now gone through First Union mortgage broker who have gotten a mortgage (agreed in principle) with…
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failing endowment
endowment 50% with profits 50% unit linked matures feb 2014 ,is it possible to sell this product currently worth £18000 mortgage loan 33000 this will not reach its target ,what if i stop contributing to the fund and just leave it till maturity iv heard they add boneses at the end of its term instead of yearly what do you…
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How long for Nationwide mortgage offer to come through?
Hello, Signed all relevant paperwork at Nationwide on Fri for mortgage (we are moving home and borrowing an extra 20k). On average when am I likely to receive the mortgage offer? Our buyers are now ready to go and we will be too once we have the mortgage offer (searches due back on Tue). Can we exchange contracts straight…
