-
Interest only to repayment?
My current deal (interest only) allows me to pay 10% over payment, if i was to switch to repayment plan would I also be given 10% over payment allowance and is there normally a charge for this change?
-
Endowment due to expire, help needed
Any help would be much appreciated with the following. My future inlaws have an endowment policy on their house that is due to expire in 3 years. It is expected that there will be a shortfall of £20k that they will have to find to cover the original fee. The original price was £57k and the property is now valued at £230k.…
-
want a mortgage but linked to parents on credit report
my oh and i are thinking about buying our first flat and i thought i would check my credit reports before we applied for any mortgages. i checked my equifax and all my mothers debts are listed there including her mortgage and car loans. Can i get these removed? there are over 22 different credit agreements listed in my…
-
Selling Endownment?
Thinking of selling endownment, rather than just surrendering it. Is selling it worth it? (If you can sell it these days)? :beer:
-
Overpaying Part Interest Only, Part Repayment Mortgage
Mortgage balance £66,000, of which £23,000 is on a repayment basis. Halifax SVR 3.5% applies to the whole mortgage. There are 13 yrs left and I have a stocks & shares ISA to cover the original amout borrowed, £43000 on maturity. This is currently on track. I have spare cash at the end of each month, and I want to use it to…
-
Moving house and changing mortgage
We have accepted an offer on our house, and had our offer accepted on another, but want to change from interest only to repayment mortgage, with 15% deposit from the sale to put down. Does anyone have any advice on what to watch out for/ good deals?
-
Retired parents selling home
Hi my retired parents are thinking of selling their £400 000 house, putting the money into a bank account and looking into the options of renting a smaller place with the interest. They were also looking into the idea of buying a flat in their name eg £120 000 which i would rent from them. Could anyone help with any…
-
income for mortgage?
If someone wanted to buy a house for £158,000 what would their earnings have to be and how much deposit would they need?
-
Mortgage Express B2L rate currently ?
Hi, we have a B2L mortgage which is on a fixed rate until September this year, does anyone know what it will fall to after that given that they don't offer mortgages any more, and want to get rid of all their loans? Thanks JD
-
self build in Scotland
Does anyone have any recent experience of obtaining a mortgage for a conversion (or other self build project) in Scotland? I have googled this but a lot of companies seem only to lend in England/Wales. Specifically I wonder if using a broker (specialist?) is appropriate? Completely new to mortgages so any advice gratefully…
-
Missed Mobile Phone Payment - Affect on Mortgage App
Hi, I have just gotten off the phone from our mobile phone provider and am pretty livid. We recently changed the account for direct debit from my partners account to our joint account some 2 weeks ago. Confirmed on the phone all was OK, that the next payment would come out of the joint account. We did not cancel the direct…
-
Mortgage application/residents' info
Hi there, I'm currently porting my mortgage over to purchase a new property with my boyfriend. For various reasons, I am buying the house in my name only, but we will be living together. I'm worried about the fact that my lender has asked who else '17 and over will be living at the property' as my partner has a poor credit…
-
Found a house?
Wow. right opposite me there is a house for sale. 3 bedrooms! Great kitchen - right opposite me!!!!! :) £185,000 i currently rent and pay £600/month for a 1 bedroom ground floor flat (its a house but split in 2 seperate apartments) Now, going to the estate agents website, they have their own mortgage calculator provided by…
-
Unemployment Insurance & redundancy while on maternity
Hi, I wonder if someone can help. My wife has just had our first child and prior to this was given compulsory redundancy as her job was being relocated and when assessed was not suitable for my wife to return to work after her maternity leave. My wife will be getting paid OMP up until 15 May 2011 from her employer and will…
-
Problems getting mortgage for property with annex?
Hi, just wondering if anyone has had a similar problem or any ideas? We're looking to buy a property which has a self-contained holiday annex. It has planning for Change of Use to a holiday let in existence. (The idea being that it would help to pay some of the mortgage.) Our mortgage broker has told us that no mortgage…
-
source of deposit
Hi, I am looking to buy a house in 2012 and I am currently saving for a deposit. My question is that from September I will be a full time undergraduate student but will still work 15-20hrs per week plus holiday shifts(in a qualifed medical profession so half decent money). During this time, as well as my income from work I…
-
Applying for mortgage - is insurance reallly needed?
Mortgage lenders normally require building insurance. Of course it is advisable not to buy insurance from the same lender but is this requirement legitimate and enforceable? What would happen if insurance bought and then cancelled once mortgage is approved?
-
Deposit source question
I'm about to exchange on house which I will be putting down £20k as a deposit. Today my solicitor has asked how I was funding the deposit in which I told her I would be putting down 8k from my savings and 12k from my father. I was then told that I would need my father to state that this was a gift and for my father to…
-
HELP! Mortgage declined after 2 months...nearing exchange of contracts now!!
I hope someone maybe be able to advise me. I decided I wanted to move at the beginning of this year and got a 'mortgage in principle' with my current lender (Halifax). I put my current flat on market and got a buyer, so the ball started rolling then in mid-March. A few weeks later the Halifax decided to decline my offer…
-
7 year mortgage?
After missing out on 2 houses in the last few months we're hoping it's third time lucky with the one we've just offered on. It's considerable cheaper than anything else we've looked at and we'll only need 1 X income and have a 20% deposit with a decent amount kept aside to extend and renovate before we move in as we can…
