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Jump in now or wait?
Hi guys, I'm kind of stuck as to whether to get on the housing ladder or wait a while. I have about £200k available in shares/investments that I could liquidate but my income is low - £26k pa plus bonus (which I assume isn't considered in getting the mortgage.) I'm holding off because I'm expecting a promotion in 4-8…
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Mortgage Advise
Hello All, My and my OH are currently looking into getting a new mortgage. We are trying to look for an 85% LTV morgage on a fixed rate. Who is the best to go with and were not exactly the best at finding good deals or anything so just wondered if anyone here could help out Also at the moment we are on a fixed rate that…
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need to remortgage - have bad credit :(
Hi all, I currently have a mortgage of £135,000 against a house now worth £200,000. My 3-year fixed term ends in April and I am currently fixed at 5.7% I need to get £25,000 added to the mortgage to pay for the renovation which has already been completed on the house. The last 12 months has been tough work-wise and the…
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What is acceptable proof of previous address?
Hi all My mortgage company have told me that they need proof of my addresses in the last 3years. I have moved a couple of times so I actually have three addresses to cover (annoyingly my last two addresses total just under three years) I am not in the habit of keeping 3 yr old gas bills (but might do after this! :o ) so…
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Santander mortgage declined help??
Hello all advice would be appreciated Here's where I stand: I have no debts on credit cards and 1 loan of £250 with abbey and 1 which my partner pays me for of £105 with Barclays. There is 3 years left to run on each for cars. I earn 28000 a year plus approx £5000 of regular overtime, I am in a very secure job and cannot…
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Over Payment -Reduce Cost or Period?
Hi, Me again, as I am about to start making over payments on my mortgage, I have the chance to either reduce the period the mortgage is over or the amount owed. When I was in a position to do this before I reduced the amount owed and wondered if this was the best way to go again? Thanks again in advance.
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Is this a good deal?
My building soc has written to me offering 3.99% fixed for 5 years. After that it would revert to tracking base rate at +0.95% with a floor of 3.45%. There would be no charges and no early repayment fee. Currently my mortgage tracks at +0.95% so I am paying 1.45% interest. We owe about 70,000 and have 15 years left. I am…
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Mortgage advice please
Hi any useful advice would be welcome... I took out a mortgage with Abbey National (now Santander) in 2003 for £120,000 after my marriage broke down. At the time I was working part time and also claiming working tax credits with the childcare element included. The advisor who sorted out my mortgage took all of my income -…
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will we get a morgage from anyone?
We are currently are selling our house due to severe debt problems, The house is being sold for 290,000 and oustanding morgage is 168,000. We have 100,000 of debt which we have to clear leaving very little deposit for another property. We have no late payments or anything just a lot of unsecured credit. We only have an…
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One Account interest rate reduction history
Hi Did anyone keep track of, and record those times when RBS did and did not pass on interest rate reductions when the rates were on their way down? With interest rates set to rise, I'd just like to prepare myself to write letters of self righteous indignation when RBS don't absorb any of the increases.
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Pay off interest free part of mortgage or repayment?
Hi can anyone help? I have £196k mortgage. £81k is on interest only and £195k on repayment (current rate of interest is 2.79%) I have £5k that I want to use to pay off part of my mortgage - is it better to pay off the interest only part or the repayment part??? Confused.commmmmm:
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Bargain flat - owner a PO Box in Panama
Hello wonderful MSEs, I've already consulted numerous forum posts on a variety on topics in the process of getting myself on the property ladder. But now that I've had an offer accepted, I find myself with a conundrum that I doubt existing posts can help me solve. I would really appreciate your advice. The situation is…
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Crystal Mortgages/Harpmanor Ltd....
Hi Has anyone dealt with these companies? Please tell me your experience... We are due to complete on a purchase on Friday, we have exchange contracts at solicitor, but they are still asking for proof of income?? We have a mortgage offer that we got a couple of weeks ago, but my gut feeling is they are going to withdraw it…
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on Nationwide base rate, should we come off and fix?
We owe 67K currently with 14 yrs left. Would you switch from Nationwide base rate to fixed rate? :)
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Only need £30,000 mortgage - who will do it cheapest?
I have seen a house for £60,000 and have £30,000 in the bank. I am wanting to take out a mortgage for the remaining £30,000 but am finding it a bit difficult to find lenders :- a) HSBC - would not lend - amount not big enough and need 2 applicants b) ING direct - would not lend as amount has to be over £50,000 c) Halifax -…
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Booking a fixed rate?
So today I learnt that it's possible to pay a £99 booking fee with Nationwide and they will 'hold' their current rate on a 5 year fixed deal (4.79%) for 3 months that will tie in with our DIP we got from them yesterday. Bearing in mind this is the best rate we can find at the minute, and is right at the top end of what we…
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buying house off estate to which i am a beneficiary
hi my situation live in house worth 160k it is currently in probate - i will be a 25% beneficiary of the estate i do not have a deposit but wish to use part of my share against the loan for which the executors are happy am i able to get an 85% mortgage (136K) based on the house value (160K) cheers james
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Still Possible to Secure Interest Only??
Hi all, Long time reader but wondered if anyone could throw some light on my situation as I was wondering if it was still possible to secure an interest only mortgage in my scenario? We have currently come out of contract on our current interest only mortgage of £155,900 and are looking to secure another interest only…
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Offset Mortgage against CASH ISA?
Is anyone aware of any OFFSET mortgage provider that provides the facility to offset the mortgage against a CASH ISA Savings account? I believe that Woolwich/Barclays do but do any others?
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2 mortgages
I have one mortgage. But I can't sell the house. the mortgage is relatively small. I could easily afford to buy another house with a new mortgage and have the 10% deposit ready for it. I want to keep the current mortgage as it is a low rate and take out another mortgage which will inevitably have a higher interest rate. I…
