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Am I a First time Buyer??
For the last 5 years I have been 50/50 on a buy to let mortgage with my dad as we rent out a flat (rent easily covers mortgage) but the wife+kids and myself live in rented accommodation. In the eyes of lenders and builders first time buyer’s incentive schemes am I a first time buyer??
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do i have to say whats the moneys for ???
hi, i'm about to go & get a remortgage on my house which my mortgage is about to end in a year or so with £10,000 owing (which i have in an isa). my house is worth about £100,000 & i only want about £50-60,000. the money is to finish off my newbuilt house which i have built next door to me. would i be ok saying the money…
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Mortgage with Debt
Hi all, I am a first time buyer. I have recently agreed to take out a loan for my grandparents to improve their home (they are recently disabled and need improvements in their home). The loan will be for 15k and will be paid for by my grandparents. My question is will having this debt on my name restrict me getting a…
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Mortage deal running out, what should we do???
We secured our 2 year fixed rate 2 years ago the day before the interest rates nosedived ( typical ) anyway our deals running out now, we're comfortable paying our existing deal and next year i'm getting a 40% uplift in wages for 3 years ( secondment deal at work ) i want to carry on paying the same amount of money we are…
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Mortgage dilemma renewal due in November! Twins on the way!
Hi, I am hoping to get some valuable advice on what we should do regarding our mortgage renewal? Our five year fixed rate currently at 4.9% is due to expire in November (house valued at aprox 120K with 86k to pay) Our main dilemma is we have just found out my wife is pregnant with twins :D and as our house is only two…
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Redstone Mortgages + payment holiday?
Hi, I have a mortgage with redstone mortgages (a sub prime lender unfortunately). I pay on a repayment basis and have met all payments on time for the past 3 years since I took out the mortgage. There is also equity in the house (about £40,000) Basically i'm going on maternity leave at end of Decemeber and am a little…
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Interest Only: Save then repay or start chipping away??!!
We have 10 years to go on a 15 yr mortgage, with the remainder fixed on 5.18%. Initially, this was a £200,000 interest only mortgage but, as finances have improved, we have part Repayment such that £100,000 will be left to pay in 10 years time instead of the full amount. Recently, with further improved finances due to…
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Fixed rate mortgages
im 1 year into a 5 year fixed rate mortgage with the alliance + leicester. can anyone tell me if im allowed to make over payments without incurring penalties ? or even pay off a lump sum ?
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Endowment & tracker mortgage - quickest way to pay them off?
Hi can anyone suggest the best way to go about paying off my mortgage the best & quickest way. Current term 13 years paying at present £226.00 monthly. I have 50k on endowment mortgage and 58k on a life tracker at 0.69% above base rate. Your advice will be greatly appreciated. Pat
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Mortgage Application
Hi Guys (and Gals) Myself and my wife have been told by Halifax we could have a Mortgage of ~£200k, we have been looking at property in the region of £150k to be comfortable and take into account intrest rates going up etc. Also we desperatly need a new car, the one we have is costing a fortune in repairs etc, I was…
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Son in Law Refused Mortgage
Our Son in Law has been offered a 95k mortgage because of poor credit rating. They are looking for 150k.According to their Financial Advisor with a perfect rating his salary would have allowed him to get a 200k mortgage. Our daughter has a perfect credit rating but does not work. We would like to help out but not sure if…
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Will i be refused mortgage for online gambling?
Hi all Sold our house and just had an offer accepted for a new one. I live with my girlfriend and have had my house for 9 years ( paying mortgage on my own, never missed a payment ). We are now going to have a fresh start and split all mortgage costs bills etc down the line. Only thing worrying me is my bank statements for…
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Help! Emergency advice needed re mortgage to help daughter in time of need!
Hi. please help! We have an emergency situation. My daughter aged 35 has been married two years. Prior to her marriage she bought a house with her father. When she bought her current house the equity ( and hence her fathers interest in the house) moved with her. His interest amounts to 40k which he has said he doesnt…
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Money complications on buying dream flat
Hello all, Please could someone or anyone advise me if there's any possible way of buying my dream flat! Will try to keep this simple to aid replies as there are lots of things stopping me buying the flat. First off a brief history of me... The Good, I'm 31 and have been renting for 4 years paying £700 a month for the last…
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Credit History?
Hello, my husband and I are trying to get a mortgage as we are buying a new home. We currently have a motgae with Natwest, but have seen better deals elsewhere. We have a broker who has done a few checks for us, but one enquiry has been refused and it has identified me as the issue. We regustered for Experian and checked…
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BTL Mortgage for Ltd company director.
Hi, I am looking to apply for a buy to let mortgage, I have a 25% cash deposit with an excellent credit record. My Ltd company has been trading for just over 1 year, before then I was an employee getting paid PAYE. In the 1st years trading the company pre-tax profit was about £70,000 and I would like to apply for a…
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Re-mortgage with bad credit history. Advice please.
Please can anyone give me any advice. I currently have a mortgage with Kensington. No problems with that and payments not too bad, interest about 4.6% at present. However, it is a variable mortgage and ideally I would like to go for a capped or fixed mortgage. Kensington will not let you remortgage on the same property so…
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Moving House/mortgage query...
Afternoon all, I was wondering if anyone could advise us on whats the best thing to do: -im currently 3 1/2 years into a 5yr fixed mortgage deal with HSBC, with a rate of 5.89%. -ive got £125k left on my mortgage and have this week had my property valued at £155 - £160k. -im looking to buy a 50% share of my mortgage free…
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Is it a good time to get a new Fixed Rate?
Hubby and I have a Santander mortgage which was £120k when we took it out in June 2001. We came to the end of our fixed rate and moved onto the SVR @ 4.24% and our monthly payments reduced from £721 pcm to £660 which was a welcome surprise. I was happy to leave it running on the SVR until we thought interest rates were…
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endowment policy
I have an endowment policy due to mature on 22/11/10 and is going to have a shortfall .. am I required to surrender back to the original broker Aviva or would I get more money if I sold it somewhere else and does anybody know how I do this????
