-
Self employed mortgauge???
Im in a bit of a pickle.... i have my house sold and due to complete but my existing mortgauge lender and a few other ive tried have told me that they will only take into account my last years tax return and also they wont except gross or net figures only Net profit figures which mean i cant get the £115,000 i need.. Is…
-
Going to apply for mortgage soon...
We've sold our house quicker than expected and had our offer accepted on the house we want to buy. So next step is to see a mortgage broker. At the moment I have 2 loans, balances totalling £6500 and about £3k on credit cards. However most of this debt will be cleared before completion (I'll be using my annual bonus from…
-
simple advice interest and repayment!
hello all we have an interest and repayment mortgage, im wanting to pay more off per month so it brings the capital down but i have been contradicted that there is no point in doing but the repayment is only £100 per month so if you can afford a bit extra surely its worth it in the long run ? or am i missing something ?
-
Mortgage company messed up - can I claim?
Three years ago I took out a final 3 year fixed rate deal with our building society to take us to the end of our 25 year mortgage term. We had 2 endowment policies with same insurance co. maturing a couple of months apart (the first for majority of debt, latter one only for £1000). I asked the BS to unlink the mortgage…
-
Overpayment fund
I have a mortgage with the co-operative bank and have put 3k in an overpayment fund, I've got another 3k spare now and wondered is it worth putting it in also as the bank said it would work out cheaper but I'm not sure how! Would it be better to put in an ISA are something? At the moment with it in the overpayment fund i…
-
Fully Offset Mortgage - RBS
Following sale of a second house can now fully offset my RBS mortgage - am planning to reduce the remaining principal down quite a long way but just leave some in mortgage account. Does anyone know a) the least you can leave as a mortgage? b) if it is fully offset, do you have to make regular payments and is there a…
-
New Mortgauge!!
I have just sold my house and im looking at ending my existing nationwide fized 5.64% deal with 2 years remaining ( ERC £1980 ) SO im thinking of paying the ERC and starting a new mortgauge but what to do next is tricky!!! I have a deposite of £66000 and i am looking at a house for £181500 thus giving me a mortgauge of…
-
Advise for options for moving home.
Hi, Just wanted to see if some seniors here could advise me. I am looking at some options and am getting more confused by the day. Due to some circumstances I have had to move out of my previous mortgaged property and am in the position at the moment looking at buying another one.. Some details.. Previous property bought…
-
Advise for options for moving home.
Hi, Just wanted to see if some seniors here could advise me. I am looking at some options and am getting more confused by the day. Due to some circumstances I have had to move out of my previous mortgaged property and am in the position at the moment looking at buying another one.. Some details.. Previous property bought…
-
First Time Buyer Advice Please
Hi all, My partner and I have a deposit of £25,000 and we have a joint income of just over £40,000, if we were to look at property for around £175,000, would this be realistic? Not sure where to begin with it all! Many thanks in advance for any advice :o
-
Britannia Overpayment Letter
Don't post on here very often, so please don't flame me if this has been covered already, but today i received a letter from my mortgage provider Britannia. I overpay my mortgage by standing order each month, as i'm allowed to overpay by 10% per year. To be honest i never get near this, and usually manage about 5%,…
-
I'd like to re-mortgage..save £££ don't know of I can
Hi forumers, I've been reading the re-mortgaging guide and am still unsure whether I have any options at all. A bit of background... My wife & I first time buyers got our mortgage of £120,000 in December 2007, this was a %100 LTV mortgage from Scottish Widows Bank. Our 2 year fixed rate came to an end roughly this time…
-
MSE Ness: Home owners told to prepare for 5% base rate
This is the discussion thread for the following MSE News Story: "A member of the Bank's rate-setting committee says officials want the 0.5% rate to rise to a level 10 times as big ..." Read the full story: Home owners told to prepare for 5% base rate
-
Capital repayment/overpayment
Hi, Having recently being made redundant I have a lump sum I want to put to good use. Do i make a Capital repayment to reduce my monthly payments or an Overpayment to reduce the term of my mortgage:question::undecided
-
track or fix query
In nov our 3 year fix ended ( were fixed at 6%), we were paying £629 a month on 68k over 16 years. We are now on nationwides svr paying £503 over the same term , do i overpay (proberly around 100-130 month) or get a good fixed deal? I think we were paying 6% for the last 3 years with no problems so the rates would need to…
-
Re-mortgage to get a mortgage problem
Hi All, Basically I'm trying to get myself a two-bedroom flat at around £140k that I can live in and share with a flatmate. I have a few problems that could affect me, As I have only started working I am struggling to raise a deposit. I have two properties in my name that have been paid off in full and will value for…
-
anyone cashed in their endowment?
i have 12yrs left to run on an endowment before it matures and i've thought long and hard and decided i want to cash it in. i've figured out if i cash it in, pay what i get straight off the mortgage then i will benefit more. has anyone had any experience of this, i'd appreciate any advice.
-
Mortgages with > 10% over payments?
Hi Money savers, Are there any mortgage products out there with reasonable interest and >10% over payments a month? I'm a first time buyer in the lucky position to have saved up a good deposit myself. However this means the principal of the mortgage is fairly low, so the maximum over payment is also quite low (and well…
-
Is there a mortgage out there for us?
Just got turned down for a mortgage by the Post Office, despite passing the credit check. We have an appointment with a mortgage broker next week, But as i'm sure you can all imagine the sleepless nights between now and then EA have just written to say seller wants to get things sorted within a month! We both earn 37.5k…
-
Advice on Mortgage app with price change
I am looking for some help before I contact the mortgage company (as based on advice I may or may not be cancelling the application) The scenario is that I had an AIP until 16th December. On 16th Dec we were told the vendor would accept £90,000 as a purchase price. We put an offer in of £88,000 but privately agreed we…
