-
when mortgage terms ends and unable to paid half of debt owed?
can we take a new mortgage on the balance?
-
Fixed rate nearly up
Hey guys, my 5yr fixed rate with YBS is nearly up and im after some advice from normal people rather than people trying to sell me something :) Basically currently on 5.79% and while checking through paperwork it says "Product description - 5.79% fixed then Bank of England + 0.75%" However while looking through their…
-
Unmortgageable ?
Hi, I have seen a property i would like to buy (at auction- or prior too), he sale price i estimate will be £140k, i have got £100k and need to raise the remainder. I phoned up Cov b society and they refused me a buy to let (infact any) mortgage, as i do not have a proper job (in there eyes). I am a self employed engineer…
-
Stuck in negative equity
Morning, I purchased a 1 bed apartment in Romford using the First Time Buyers Initiative in May 2007. Quick breakdown Price: £185,000 Half paid by FTBI - £92,500 Deposit - £8000 Mortgage - £84500. The scheme gives me 50% of the purchase price however after 3 years, a fee is payable of 1% (£90pm) on the value of the…
-
equity release - negotiate or wait?
I purchased my flat in february 2009, at the lowest trough of the house price fall, it was also a repossession in need of redecoration, new boiler, bathroom, windows and kitchen. I paid £120k, £35k below the purchase price of the most recent other sale of an identical flat (next door) in late 2007. Now prices in the area…
-
1st Time Buyer - Confused!!!
Hi all, I am looking at buying my 1st house and am confused as to where to search for the best deal. I am purchasing on my own and my income is £20k, I have a good deposit of approx £35k saved and am looking at a property at about £130k. (I think this makes my LTV about 75%) I have a mortgage promise from my bank but only…
-
HSBC or First Direct Fixed Mortage
Both offering 5 year fixed at 4.29% with a £99 set up fee for my LTV Which do I choose?
-
Should i change my mortgage payment day
Hi, My mortgage is with NRAM, i get paid on 21st of each month but I dont pay my mortgage payment until the 1st. Assuming my mortgage interest is calculated dailey (i havent checked yet) I just wondered whether changing my payment day would have much of an effect? Thanks Carl
-
First Time Buyer advice
Hi, Myself and my girlfriend are currently looking to buy our first home in the next year or two. We are in the process of saving every month for a deposit and hope to have around £10k by the middle of next year at the latest. We both work in finance and between us bring in £38k. However, when I was younger, I took out a…
-
Borrowing/ mortgage type advice
Hi, We're looking at moving area and will have to increase our mortgage to get into the area we want. First thing is I'm a 'housewife' so I have no income (although I should be paid tons for my job haha!) and we only have my husbands income. The issue we have is that at the moment to get the amount we want we wouldn't be…
-
I'm not sure what to do next?!
Hi, Me & my partner both work full time. We are both over minimum wage but not by alot - We bring in a average of 12K each per year. We have no outstanding depts which are in the red, but we do have a loan with Welcome Fiance which has only about 8 months left to pay off. We are currently in a private rent property but it…
-
Consent to let / interest only / second mortgage???
Hi guys, My flat has been up for sale for 18months now with only one offer so far a good £10k too short.. We simply cannot afford to sell at less than our current mortgage balance. So, we are seriously considering letting out our property to allow us to move on (only living in a one bedroom flat and have an 18month old boy…
-
Leeds Building Society - timescales?
Hi I was wondering if anyone has recently obtained a mortgage from Leeds Building Society and, if so, how long the process took? I realise that it will vary from case to case but it would be helpful if I could get a rough idea so I know whether I should be pestering the broker... Many thanks
-
Non occupying co borrower
Does anybody know which mortgage companys accept non occupying co borrowers. My ex is buying me out and his father is going onto the mortgage. Currently with Chelsea but they have refused the application, and have said they have recently amended their terms and no longer accept non occupying co borrowers. They will not…
-
Buy to let or not?
My mortgage deal ended in June 2009 but because of low rates I've only been paying off around £280 a month. Not so good for paying off the whole mortgage. I've been renting my property for four years with a reliable tenant and considering switching to a buy to let mortgage in order to pay off more a month however…
-
Mortgage Advice
Need a bit of advice on mortgages and whether this is a viable option to obtain a mortgage and buy a property. Some background info. Deposit available - £15k could be a little higher (Only available for a depoist not debt reduction) My Earnings - £22k Spouses Earnings - £18k Possible complication - Spouse has interest only…
-
Lump Sums
I've put this in the wrong thread and don't know how to delete. Sorry. I've moved it to Mortgage Free Wannabe... I want to put a lump sum towards paying off my mortgage. I've used the fantastic calculator on this site and it tells me how much earlier I would pay off my mortgage if I paid the lump sum in. Is this how…
-
"Repair Allowance" with mortgage
Hi all, Wondering if anyone out there can give me some advice. We are first time buyers and we had an offer accepted on a house late last year and agreed £170,000. Everything was going fine, mortage agreed etc. Then just before Christmas the pipes in the house burst bringing down 2 ceilings and generally giving everywhere…
-
Fixed rate ending, LTV 100% options?
Hi, Not sure I have too many options but hopefully someone on here knows better.... I have 119,000 interest only mortgage with NRAM. The value of my house has gone down to about 119,00 (based on Nationwide index), so even though i had some equity in the house when i bought it, there is none now and im stuck at around 100%…
-
Colour in your own house as you pay your mortgage off!
Being inspired from a previous poster (name I currently forget) who mentioned that she's got a picture of her house and she colours in sections of her house as she pays the mortgage off got me thinking over the weekend - wouldn't it be easier to have a computerised version of this? So I've sat down this morning and have…
