-
Vendor Gifted Deposits & Home Report Values
We are currently looking for a house, and saw a nice one at the weekend, and going to see it again later this week. We have a deposit together (very max 15%, though ideally 10% so we have cash for furniture and things we might want to do), and had been set on the RBS/Natwest 2 yr fixed deal for the 10% (5.69%) for which we…
-
abbey mortgage - waiting time ?
Sorry to bring this up in a new post. But its on my mind. Another post talks about how abbey have a 4 week wait until each case goes to underwriter. Is this how it is at the moment? Thanks
-
borrow against unit linked endowement
hi ive got two unit linked endowements , that are on track but im now between jobs and need money fast , i really dont want to cash one in with only eight years to go as they will double in that time , does any one lend against unit linked endowements ? once back in work i could clear the loan but for now im really up…
-
Affordability with existing mortgages
Hi, I already have an existing joint applicant mortgage with somebody. We own 50% of the property each, so pay 50% of the mortgage each. I wish to take out a new mortgage with somebody else, and keep the existing mortgage. Will all lenders require me to enter the _full_ amount of the existing mortgage when declaring…
-
Remortgaging - need help!!
Hello, I have a Standard Life mortgage, which was originally on a fixed rate. The fixed rate ran out in October 2009 and defaulted to a SVR of 5.54%. Since then they have not been offering remortgages and still aren't. I'm petrified that interest rates will go up and we will be stung big time. I have £136k outstanding on…
-
getting a mortgage as a parttime worker??
Hi my husband and i are currently on an SVR mortgage with santander (4.24%) after coming to the end of a tracker deal with them. I had a baby last year and am going back to work part time next month, the problem we are having is that we dont earn enough between us now to get a mortgage using the combined annual salaries x4…
-
Best rates on Offset Mortgages?
We currently have an HSBC Tracker mortgage with a lifetime rate of base rate + 1.99% (currently paying £2.49%). The mortgage balance is £78k with remaining term around 13 years. House value approx. £230k. We have cash savings of £48k. So, obvious question, would we be better off with an offset mortgage? The reason we have…
-
Re-mortgaging the best option? Self employed and unable to work
Hi, I am a self employed plasterer and have been working for 45 yrs. I have recently had a serious operation leaving me unable to work for around the next 12 months at least. At the moment, our outgoings match our incomings without any day-to-day living monies to spare. I am in receipt of employer support allowance, and am…
-
What happens if your savings could equal your mortgage?
Good morning all. I have a mortgage of 135k that is on an Openplan .5 above bbr. I have finally paid off my rental property mortgage that is worth about 140k before fees. I'm getting £550 for my rental property which is a yield of 4.9%. If I was to sell the property and put the money into my savings account it would mean…
-
Which Mortgage Providers have Low Overall Fees?
Hi All Which mortgage providers have low overall fees? I.e. which providers keep their fees down and are most competitive? General thoughts please. Thanks
-
Typical Mortgage CHAPS fee amounts?
Hi All I am looking into mortgage fees and would like feedback on what the typical mortgage CHAPS fee is. I'm thinking it's between £20 and £30. Please let me know typical amounts. Thanks for any help.
-
Can anyone help??
My son agreed to be on my other sons mortgage as he split up from his partner and would have to loose the house because although he can afford it on paper the figures didnt stack up. My 2nd son who then helped wants off his mortgage as he wants to buy a house with his fiancee and although doesnt pay a penny towards the…
-
can I cancel bank/mortgage/business account at Natwest?
Hi guys can anyone please help. I am self employed and until a few years ago I had a free alliance and Leicester business account (and still do)... However to expand my tutoring business I remortgaged with the natwest to buy a shop to do up as a learning centre...However they made me open a business account with them and…
-
Is it worth paying an ERC?
Tied into a 5 year fixed of 6.29% that started Sep 08 so we are just over half way, the ERC would now be £6k. we purchased the property at rock bottom price with only a small deposit as we spent some money doing the place up, we started with 89% LTV, going by what next door have just sold for and what the estate agents…
-
Mortgage for a holiday home.
Looking to remortgage our holiday home, currently with Ecology as it is a log home and couldn't find anyone else who would look at wooden houses. Currently on a residential rate as house was built to live in but looking for a buy-to-let type mortgage as want to run as a business. Have 2 years figures now and house is…
-
Please Help !!
I currently have my mortgage through Cheltenham & Glouchester and my current deal is due to run out this month. I have a mortgage of £99950 over 33 years and am currently paying £498 a month with a fixed rate of 4.79 % I have just received a letter from them letting me know that my current deal is due to run out at the end…
-
Most Competitive Offset Mortgage Providers?
Who do we think are the most competitive offset mortgage providers at the moment? Thanks
-
First time buyer
I am looking for a bit of advice on this, The basic outline is that i am looking at buying my mum's house from her, she will be selling under market value, so will only need to take out a 70-80% mortgage on the house value. The problem is i dont have the capital yet to put down as a deposit, will the reduced selling price…
-
Do brokers have access to deals that we can't find for ourselves?
I'd say we do understand maths and finance, and we're prepared to research. With the help of information on this site, we've found various deals that look pretty good. Dp in particular is highly unlikely to make a mistake that involves maths or law, mainly because his idea of a good evening is sitting down with a…
-
Mortgage Query FTB
Hi all, Most likely another silly question but as a FTB no one tells you this stuff lol! iam trying to buy a house for 153K with a 10% deposit now my question is that while i could stretch to 15% that wont leave me anything for furnishings, unforseen stuff. but during the summer i will have a 2nd job and will earn extra.…
