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Mortgage advise please?
My partner and I are three years into a 16 year term tracker mortgage (£60K on a house value of, now, approx £160K) with the Chelsea. It was set up as interest only as a result of my ill health and thus relying on only my partner's income. I'm just about to ease my way back into work but we're reluctant to transfer the…
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Am I reading this wrong? A little advice, please!
Hi All, Had some really good advice recently, so am hoping someone can settle a dispute between myself and hubby! Got flexible mortgage, changed from interest only when endowments hit the fan! Endowment finishes this month. Will get a cheque to pay to building society. Monthly statement says Balance xxxxxxxxxx Interest due…
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Will we get a mortgage?!?
Hi All, Just after some advice really, me and my partner have been renting for 3 years and really want to get on the property ladder but have some existing credit card debt and am not sure if we will be able to get a mortgage. Both employed, earning approx £60k a year but we both have approx £10k each on credit cards which…
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Northern rock robbing us blind help please
.ExternalClass .ecxhmmessage P{padding:0px;}.ExternalClass body.ecxhmmessage{font-size:10pt;font-family:Tahoma;}Hi, was wondering if you could help. My partner's farther passed away almost 4 years ago leaving my partner in a lot of debt. there was a house left worth approx £180,000 with an outstanding mortgage with the…
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Buy someone out of a mortgage?
Hi everyone I'm new here and no nothing about mortgages! 2 of my friends bought a house toghether joint mortgage and one wants out. Would I be able to buy the person out who wants out, or will that create a new mortgage?
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Yet another request for mortgage advice.
Hello, Plenty of help received in the past so hoping for assistance once again in respect of some mortgage advice/suggestions. Present Status: Married/3 kids. Partner doesn't work. I earn 60Kpa. Present Mortgage: Nationwide Tracker br +0.34% (but with min. 2% so presently paying 2.34%) - repayments £303pm House Value:…
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2nd Mortgage Help!
Hi, I currently own a property which I still have a mortgage with in negative equity, due to the fact I cant sell I'm looking to rent out to make a bit extra and move to another property, is it possible to get another Mortgage for another property having my existing mortgage still? Thanks
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Mortgage advice please.
Hello everyone, I was just looking some advice or assistance regarding mortgages. We have a 5 year fixed rate mortgage which is coming to an end of its term with teh current lender. The fixed interest rate was around 4.8% and I rang our existing mortgage lender and enquired as to what happens now, I asked if another 5 year…
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mortgage first payment
Hello, I was just wondering how do mortgage payment work. Do you have to pay first payment the day you start mortgage, or is it one month later. Also is the first payment double? :money:
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Remortgage application query
Hi My current deal ends at end of this month. I started the remortgage application process approx over a month ago. The outstanding balance of my mortgage as it stood at the beginning of the remortgage process was approx £59k however I have made payments since the beginning of this process. I'm not sure how to word this…
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Urgent advice needed please
Hi not an unusual situation i'm sure, basically I have split from my partner and she has moved back with her parents, I am still living in the home which we have a mortgage on, the house is currently in negative equity, probably £20k or so, I having a feeling she will not pay the mortgage next month and I cannot afford…
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Second Time Buyer and Baffled
Hi. Have done some searches but not exactly sure what to search for so apologies if this topic has been done to death - if so, please point me in the correct direction. We bought our first house in April 2007 on a 100% mortgage of 245k from Scottish Widows and have paid out accordingly each month since then with no dramas.…
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To stay on existing mortgage or fix it
Hi I hope someone can give me some advice. My current mortgage fixed period comes to an end next month and reverts to bank of England base + 1.49% and I currently have £134k outstanding with a LTV of 64%ish. This is my first house and I feel i made a mistake in fixing my mortgage when I bought (despite searching and…
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25 or 35 yr term? 2 year or 3?
My partner and I are first time buyers and are looking to get on the property ladder. We have found a house about £230k and have a 15% deposit. We have a few circumstances to consider: - Parents will sell their house in the next year and have promised us a gift of some of the proceeds. Its unknown when this will be and…
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Excellent credit rating coupled with credit card and loan debt
Hi, Me and my partner are looking to move this year and if we get the right price for our current property we'll have enough of a deposit. My question relates to how lenders view existing debt. I've checked experian and I have an excellent rating but I also currently have a personal loan and a couple of grand on a credit…
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Advice on mortgages greatly appreciated
Hi there I am just after a little advice if possible. Our 5 year fixed mortgage with Northern Rock ends in June so we need to start looking at what sort of mortgages to look at as its a minefield to me.We were on a rate of 6.29% and our monthly payment was £592. We really cant afford to pay any more per month for our new…
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what is realistic offer?
Hi, I am asking this on behalf of a family member. What is a realistic starting offer for my brother in law to put in on a house on sale for £150,000 It will be cash and no chain on his part. House has been on market for one year and sellers are desperate to move nearer their family down the country
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LIBOR rate
Can anyone tell me if the the LIBOR rate is likely to keep rising? Thanks
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Mortgage for property abroad/remortgage
Hi all, I am after a bit of advice. I have a mortgage abroad for a house i am having built. The mortgage will not however cover the whole of the build so i am having to remortgage. The problem is - when building a house money is paid in 10k intervals for banks security and i cant remortgage untill the whole amount is taken…
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Quick turn around mortgages
Which banks are the best at quick turn arounds, to accept or not. Which are the worst offenders? Popped into Nationwide today, looking at some really good offers they have on, and thinking of changing my mortgage at the last minute, but was told there turn around was 8 weeks!?!?!?!?!? I'm nearly at the singing stage, so i…
