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1st Time Buyer ...Help
Hi I would like some advice, I got a mortgage promise from the Halifax for 92k and I saw a property and the offer got accepted at 89k I have a 10% deposit The property is a flat on lease hold with 99 years left on the lease, the estate agent advised me to go see their financial advisor who said they could get be a better…
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Mortgage Rates
Hey guys Can I quickly do a poll on the mortgage rates we all have? :) The reason I am asking if that my current deal is coming to the end and my lender is offering 2 year fixed term at 3.49% on 52% LTV. I thought it was a bit too high, but having done a research it looks like it really isnt too bad - the cheapest I could…
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Is a mortgage in principle worth the paper it's written on?
I was talking at work to someone who is a FTB and I was explaining that I was (hopefully) buying a property and that I go a mortgage in principle first then filled out the application. They said they were told that it was a meaningless exercise because it's the application which means something and credit scores etc don't…
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Sole Trader Accounts For Mortgage Purposes
Keeping in mind that I'm going to need my business accounts to apply for a mortgage sometime in the future, what form do the accounts need to take?? At the moment I just have the profit & loss and balance sheet produced with Sage by my bookkeeper. Is this good enough? Do my accounts have to be varified by an accountant?…
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Endowment shortfall - best options please
My mortgage has around 7 years to run, and I look like have an endowment shortfall of about £25000. I'm not at all financially savvy and have really buried my head i the sand until now. STOOOPID, I know. I have spoken to my bank and they say if I pay an extra £200 a month that should just about cover it. Would this be my…
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End of Deal with Northern Rock - Help!!!
Hi, We have a mortgage with Northern Rock and the deal is up next year in June. We would really like to move from Northern Rock as our mortgage is made up of the mortgage and an unsecured loan. I didnt really know too much about mortgages when i got this out as I was younger, and didnt really realise what it all meant. I…
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Best Mortgage at 50% loan, long term
hi all, was looking for some advice regarding my dad's mortgage. he showed me a cut out from a newspaper with an RBS of 50%, at 3.75% for 5 years. he think's its pretty good so i was wondering if there any better mortgages out there within the criteria. regards
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End of Deal with Northern Rock
Hi Our mortage deal with northern rock is up next year in June. I really want to move away from the company as part of our mortgage is made up of an unsecured loan. I was young when i took out the mortgage and didnt really know much about them. When i contacted our financial advisor to ask him if he would find a new deal…
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unit linked endowment policy
Am I right in thinking that these cannot be sold, only surrendered? Your advice appreciated, thank you.
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5 Year fixed rate or term Tracker.
Hi all, Just after your thoughts on which way to jump :0) We are currently on SVR with our bank - came out of fixed a few months ago and are looking to switch for the best deal. They have offered us both a fixed rate for 5 years at 4.79% and a term tracker at 2.49% over base (so 2.99% at present). No fees, or tie in on the…
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Moving-two possible Mortgage Offers-Help!
Hi All, we've sold our house and had a mortgage meeting and would appreciate everyones help with the following conundrum! We have 87K on a fixed rate at 5.28% with just over a year to run. We are looking to borrow another 80K, we have two options:- Option 1: keep 87K on existing deal at 5.28% with just over year to run,…
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Vendor assisted deposit being offered by vendor?
Hi all, We're FTB's with £7000 savings and combined income of £50k pa. No loans, just student loan debts and no dependents. We're able to comfortably save about £700 a month. We aren't in a rush to move, and for the cost of the house we are looking at (around £120k) we don't yet have a big enough deposit for 90% LTV. Time…
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whos lending has anyone used them?
http://www.whoslending.co.uk/ Just want to ask has anyone used the above before? thinking of a remortgage, been told to use the above website. Thanks to anyone who replys!:beer: k.
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What happens at the end of my 125% fixed term? (Birmingham Midshires)
OK, so we got the dreaded 125% mortgage. Served its purpose etc. Fixed rate period ends in 2012, and secured part of the mortgage goes down to standard rate (a good thing as it stands!). I believe the unsecured part will rise to 10%ish, which is manageable albeit a pain. My worry is that they call in this unsecured loan…
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Mortgage Chances?
Hi there, My wife and I are now looking to buy a property after renting the first year and a half of our marraige. The property I am looking at is valued at £85,000 fixed. I am self-employed and my wife is employed. My first two years of business were a bit slower as you would expect, so my net profit was around £15k both…
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Have i missed something?
Hi, we are coming to the end of a variable rate traker with the Nationwide in January when our mortgage will revert to the Base Mortgage rate of 2.50%, we are currently only paying 0.5% I have had a look at changing lenders but without paying a stupidly high fee I dont think its worth it and could end up with a much higher…
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Family Gift Mortgage
Hello, My mum is moving out with her boyfriend and we have agreed to buy the house from her. I've been to Lloyds TSB and they've given us the offer of a mortgage that we get as a family gift so we don't pay a deposit. My question is does anyone know of anywhere else that offers this type of mortgage? Thanks Chris
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first time buyers with debts
hi would like some advice me and my oh have £18000 in loans to which we pay £510 a month for 4 yrs, we earn £700 hundred a week between us, would we be able to get a £100,000 morgage with our outstanding debts? Also what fees are there and roughly how much are they? Any help would be great as we havent any family with…
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Debt after Death
A married couple jointly own a house. A mortgage is outstanding on the property but there is £100,000 of equity. The man has £30,000 of debt, all of it unsecured, all of it solely in his name. The man dies. Does his widow have to sell the house to pay off his debts now that she is the sole owner of the property?
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interest only mortgage extensions for over 65,s
Hi, i am a 58 year old male who was diagnosed last year with luekaemia and have a £106000 outstanding mortgage. My equity in the property is around £200000. My mortgage interest is paid by dwp. Any suggestions as to how i could extend my mortgage which is up at the age of 65 so i dont have to sell up and move? We are at…
