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Mortgage and ill health
hi I have recently been pensioned off work due to ill health Halifax BOS have paid my mortgage for the past year which ran out a few months ago. My question is can i change my morgage to an interest only deal and keep life cover as at present? As this would reduce my outgoings substantialy at the present time. Many thanks…
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Advice on how long to wait for mortgage application?
My wife and I got ourselves into a bad place of debt over the past few years - approximately 40k on credit cards. We always paid on time and have never missed any cc or mortgage payments. We did however have 3 consecutive late payments (£5 each) on a catalogue back in 2007. These show as yellow 1s on my credit report. We…
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Re-mortgage?
We are currently thinking of changing from our current mortgage to a 5 year fixed rate and need a little advice. Current mortgage is with The Cheshire (repayment) @ 2% above base rate that we have been on for nearly 2 years since our last 5 year fixed rate ended.We have been paying approx £135 extra per month as…
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My Choice Homebuy - Transfering the loan to a new home
Hi everyone, First time post so hoping someone out there has some advise on this. My GF and I brought a property through the mychoice homebuy scheme a while ago and have been happy living there since and love it. Unfortunately property prices in our area are crazy and we could only afford to buy a very small place which we…
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1st time buyer, 95% mortgage help plz!!
Hi all :) Our situation is that we are a married couple with one child and another on the way. Our nursery fees are currently almost £800 pm, and will go up to £1300 March 2012. We also pay £650 pm rent as well as council tax, running a car (necessary for husbands job) and general gas,leccy,water etc. We don't pay out for…
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Part Ownership - Mortgage Advice
I'm going to be speaking with a mortgage advisor soon but I wanted to see if someone out there has any better ideas over what we should be doing. We're currently waiting to be offered a place now we've been accepted onto the scheme and it seems that we will get the place we want. It's in London, 2 bed with a market value…
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First Time Buyer
Hi, I'm a single 27 year old first time buyer and am currently living with my parents in order to build up my deposit and I'm on £20k a year. I currently have £26k saved, and would be looking to purchase a property around £110-115k, can anyone suggest a good mortgage currently available which would suit me? Thanks.
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Remortgaging: Benefits of using same lender?
My discount period is up next month so I need to switch my mortgage over to get a good deal. My current lender is advertising another fixed 2year rate that's better than my current discount which looks appealing but I expect I could find an even cheaper deal if I looked around to other lenders. My questions is: If you…
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Additional borrowing
I currently have a lifetime tracker mortgage with Woolwich (1.69%) £52000 with an additional borrowing loan of £4,500 at 4.49% for 13 years on repayment basis. I have not had my house valued, but looking at other properties in the area I would value it at between £85k-£95k. I need to raise £12k (to pay off 2 credit cards…
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Assign an endowment to a partner
Please can someone provide a bit of advice. I have a joint endowment with my estranged wife against the property that we were both living in, but 4 years ago I moved out. She has asked me to assign the policy soley into her name, but I am unsure of the consequences of doing this. Many thanks
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Potentially complicated mortgage needed- jointly owned property
Hi, I've inherited a house with 2 sisters. One sister is living there & we need to decide what to do in terms of our inheritance for the longer term. The house is worth 330k & the sister living there owns about 45%. The remainder is split between us other 2. The sister there earns between £30k - £40k p/a & potentially has…
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Mortgage and Ill Health
Hi my father is currently poorly and in hospital. MY parents have just over two years left on their mortgage and owe just over £15,000. My dad does not get paid sick pay from work just Statoury pay so they have converted there mortgage to interest only for the time being until we know whether he is able to return to work.…
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Second credit check on mortgage application?
Hi all, Great forum, I've been a long time reader/beneficiary. I finally have a question I'm hoping you can help me answer. I am currently in the process of buying a new house. I have another house which I am currently letting out. The house I am buying will be mine to live in. There is no chain. I've had to jump through…
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Switching mortgage from joint to sole
Hi Just looking some advice I currently have a joint mortgage with a partner. They own other property and are verging on bankruptcy. I have been speaking with my bank about taking sole ownership of the mortage (I am more than capable of meeting the payments on my own) but they say I need to get a new mortgage, and they…
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Mortgage Arrears and still going..
:money: My partner recently lost her job as the company she worked for went into liquidation. Since then it has been difficult for her to find a job. I had to put the mortgage into arrears to cope in the mean time as we have no savings. I know this was the worse decision I could make. We are now in the 3rd and final month…
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mortgage for discharged bancrupts
hi can anyone tell me if they know about mortgages for discharged bancrupts thanks
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First time buyer, need a mortgage - no deposit!
Hi. I am wanting some advice if anyone can help. I am 28 years old and want to get a mortgage. However, as I am renting it is practically impossible for me to save a deposit! I earn a reasonable salary (£30k per annum), have a secure job with a good credit profile. Does anyone have any advice / suggestions as to how I can…
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Mortgage Help
hi all i am a discharged BR as of last july and just moved in with partner and on sat the landlord advised us he is selling the prop and gave us 2 months notice!!!!, Since then we have found out my partners dad is willing to go guarantor for her on a mortgage and has a deposit saved for her we can afford payments etc any…
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A few questions from a first time buyer
Hi guys/girls I'm currently saving for a deposit at the moment and im trying to gain an understanding of what is a good target for a deposit. I would be looking at properties at about an avergage price of 110k. What sort of amount should i be looking to get? Is it a case of the more deposit the better? Thanks
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If you can pay off an offset should you?
My savings in an offset account are equal to the total owing on my mortgage. So I pay no interest at all, neither do I receive any. My mortgage outgoings monthly are about £450 towards the capital sum, (it varies slightly each month). Should I pay off the mortgage in full by using the savings and then aim to save £450 per…
