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Offset mortgage calculator
Is there a good mortgage calculator around where I can do 'what-if' scenarios to my heart's content? I'm particularly interested in one that could do offset mortgage calculations by taking into account savings. Or is this a nonsensical request as I could simply enter the difference between the amount borrowed and the…
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Third of Liverpool households are jobless
Seems as if the UK economic recovery has a long way to go before the country benefits as a whole. http://www.bbc.co.uk/news/business-11693308
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Buying ex partner out of mortgage / house
Not sure if I've put this in the right thread, it might be more of a dilemma type thing but here goes. My partner and I recently split up but unfortunately have a house and mortgage together. It's my intention to buy him out and take over the mortgage (with some family help) but the question is how much to offer him. He…
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Irish bond yields hit record high
Anybody up for a punt ? http://www.bbc.co.uk/news/business-11693654
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Mortgage advice needed please!
We currently owe £175k on our current property which we are trying to sell at the moment for £200k. We are looking at purchasing a property for £230k (are you keeping up! :rotfl:) so theoretically we will have a 10% deposit for the house we want. Is there any genuine 90% mortgages out there at the moment that don't make…
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Looking for new BTL mortgage
Hi I am looking for new BTL mortgage for house I own outright (over 6months) and doing it up to let out next month looking for sub 4% fixed 2/3/4years but must have low fee sub £500 if poss max £1000 LTV 60/65% no credit problems and good income I was looking at Coventry BS but they just changed today :( not so good any…
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what is a self cert mortgage?
sorry if this in the wrong bit,, but i became self employed in january of this year and filed a tax return after april so have that as 'proof' if you like of my earnings it will be the same process as this next year but now i keep a list of income and outgoings (just a list of what money i have been paid for what work and…
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lump some money advice
could someone help have £25000 LUMP SOME TO PAY OFF mortgageWHATS THE BEST ADVICE PLEAsE HAVE 2 PARTS OF MORGATE 1 £35000 repayment 16yrs left intrest rate 3.99 2 £46000 repayment 16yrs left intrest rate 3.99 been in touch with building socity if i pay of part of no 1 i would be £155 beter off per mth if i pay of part of…
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Mortgage help please....
Hello, I'm a newby to this and would really appreciate some advice. My husband and I have decided to split after 20years. It is all amicable and we want to split fairly. Currently we have 2 mortgages - a small repayment mortgage and a larger interest only mortgage and endowments. We already know we have appx 20k shortfall…
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Verification required on my vendor gifted mortgage calcs
Hi there. I'm a long time lurker to this site - I can usually find the answer to my questions already on the boards but I'm finally asking a question of my own as this one is quite specific! I was hoping someone in the know could cast their eye over the following and confirm whether or not I have understood vendor gifting…
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odd requirement? on Nationwide mortgage
Nationwide has moved its goalposts since last week and now wants to see proof of lett-ability - we would need to move out for a month and rent it before they'd give us a mortgage!! through a broker we were going to get a Mortgage Works mortgage on our current property to release some equity & rent it out, then use equity +…
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Nationwide Mortgage Timescale
HI all I wonder if you could answer me a question? I'm in the process of buying a house under builders shared equity and am going through a broker with Nationwide...It's a paper application unfortunately due to the shared equity. The application was submitted Monday, but being in Scotland I only have 2 weeks to conclude…
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Skandia Capital Bond vs Paying off mortgage
Hi everyone I wonder if anyone has a view on this? My wife and I have a jointly held Capital Bond worth £116,452.79, plus two Stocks and Shares Skandia ISAs worth (Global Dynamic Equity) £9,109.15 and Skandia Diversified £8,366.31. We have a repayment mortage with C&G on a £350,000 property in Sussex with roughly six years…
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HELP been let down by mortgage company
today we phoned are bank in order to move our mortgage from the property we are selling to the one we wish to buy. they had agreed everything and done credit searches less than two weeks ago. they said we could borrow up to £60 000. now we have signed the contracts to sell our home and move out in four weeks and the bank…
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Mortgage Dilema
I would like to buy a house for £87,000, I already have a £38,000 deposit but I also have around £40,000 in ISA's. How much mortgage would you advise to borrow, as the interest on my ISA's is only 2.65%, where as my mortgage is being charged at 3.75%.. Obviously I am paying more for my mortgage than the return on my…
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Mortgage applications - stating how much the current bills are
(I also posted in house buying but im not sure if this is better here - so apologies for the double posting) Why do you put current bills down? I assume it is so they can see how much as a couple/family/person you spend on gas/electricity/water but what happens if the property you want to buy is bigger and you think the…
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Mortgage Interest Rate Increase Worry
Hi Everybody, I asked a question on this forum in the past and got such good replies I thought I would ask again. OK, I've just read an article in the Daily Mail 'Millions in cheap home loans trap: 'Zombie' households walking blindly into financial oblivion when rates rise' which scares the hell outta me. I'm one of the…
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Buying repossessed property and 21 day exchange condition
Hi all I have a few questions, regarding mortgage and the conveyancing business.. I am buying a repossessed house, very stressfull matter as it turns out to be.. I have an agreement in principle with Nationwide and they have already done a valuation (which was ok according to my broker) but i still havent received a final…
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how do i start???
hi...im in need of some letter writing advice...im self employed and the past two years have been difficult to say the least,we've managed to scrape by but unfortunately the mortgage has suffered and we are in arrears.The mortgage is with I GROUP which is part of GE MONEY(isnt everything??)and theyve been very good with us…
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What will happen when my Northern Rock deal ends??
I'm new to this forum and I hope someone can give me some advise. I brought my house at the peak of the market on 100% NR mortgage, the fixed rate ends next April and I'm really worried about what will happen then. As interest rates are low it will be fine to move on the their Standard Rate but I'm worried about what will…
