-
which mortgage to overpay?
I have an interest-only mortgage for approx 109K which is coming to the end of its fixed rate. The low interest rate now means my monthly payment will be almost halved, so I could start to overpay and put the overpayment to paying of the capital. The property is rented so I'd like to keep it as IO, to avoid any problems…
-
I want to buy my Aunts House at a discount, but...
My Aunt lives in Malta, where she has gone to retire and live out her days. Up until recently, I along with my sister(+her family) were renting her house in London. My sister and her family have now moved out and are now living in Derby. I am left there, paying rent (reduced from what i was) and the bills. My Aunt decided…
-
How much value can I remortgage out of a house?
Hi All, Basic question. I'm looking to buy another property while retaining my current home. My current place is all paid for. What percentage of the market value of my home can I get out of a lender? Thanks. :-)
-
Am coming to the end of my fixed rate - advice needed
Will be coming to the end of my fixed rate in September and will probably go onto the svr. Atm I pay £160.11 op each month, and want to keep the payments the same so will be opaying quite a bit each month roughly £700. Should I also reduce the term of the mortgage (will be 27 years) or just keep opaying extra?
-
Repayment plus additional payments
Just switched from IO to repayment . I was wondering alongside my monthly repayment (£643) if I wish to make addition £400 towards the mortgage would I notice any reduction in my monthly repayment straightway or later. My mortgage deal allows me to make 10% additional payment without any charge. Thanks,
-
ditch C&G 2.5% svr for 3.89 five-year fix??
i booked this with first direct at the start of the year when interest rates rises seemed inevitable and planned to delay the start for six months: it was a five-year fix at 3.89% from first direct, £99 fee, no other charges. we are currently on C&G's svr at 2.5% (base rate plus 2%)and have an approx 250k mortgage. now the…
-
Renting vs Mortgage
I read a news story online earlier saying that the majority of people will probably rent for life due to it being harder to get on the housing ladder, what effect will this have in the future? Surely nobody buying houses would force prices down, leading to people who are renting now being able to buy? Which would in turn…
-
Are Halifax having me on?
Hope someone can help. We went to see Halifax last week for a mortgage app. All went through ok, yet when coming to the credit check the system crashed and had to wait till the following Tuesday to get the green light. Which we did. We were told that on tuesday they will try to arrange a valuation, yet it appears nothing…
-
Anyone know of company that will buy endowments
Hi I am currently looking to surrender my endowment as i don't need it for my mortgage & i wondered if anyone knows of any reputable firms that would buy it??
-
Commercial Mortgage?
Can anyone tell me where I might actually get a 100% commercial mortgage? I have been running my business for about 6 years from my rented property and now have the option to buy it. Any help I get on this matter would be very much appreciated
-
Charge on my land?
i am wondering if i can have some help? I have been divorced for 3 years, my house is still in my name and my ex husband's name as on paper i don't earn enough to have the mortgage on my own. It was agreed verbally that I would pay all bills and mortgage and his name is just on the mortgage thats all which has worked fine.…
-
Late payments 2 years old.
So I have just checked my credit file. For 2 years now I have never been late with a payment on my store card. Prior to this I had quite a few late payments. Will lenders take into account that I have improved over the past 2 years? I have a secure job, earn just under £30k and partner has excellent credit history. Thanks…
-
interest only finishing problem
I have an interest only part to my mortgage and 3 parts repayment. The interst only part completes 25 years next october and my endowment finishes. The problem is that the fixed rate that the bank put me on finishes next April. meaning that i am unable to pay it of without charges, and payments will still be made to a…
-
Mortgage approved in principle, but my job contract runs out March 2012
Hello My husband and I are late first time buyers ( both 40) , and have a 30 K deposit for properties priced at 150 - 155k. We have had a mortgage agreed in principle based on our joint income with repayments based on affordability as we wanted them to be lower than what we currently pay in rent, with full knowledge that…
-
Abbey mortgage offer.
Been waiting almost a week for a mortgage offer from abbey. They've had all my stuff - pay slips and bank statements since last Thursday, 26th may, anyone any idea how long i could wait. Thanks Craig
-
No more credit checks?
Short but simple question. Got an AIP with Nationwide in April. They did a credit check on my partner and I. We passed and there is a footprint on my credit file. We then put an offer in on a house which was accepted a few days later. It would require a mortgage less than what we were initially asking for. We've had the…
-
Mortgage offer
Waiting for my mortgage offer with nationwide. Was told when i first applied that i passed all the credit checks and affordability and was just waiting for my valuation. Had valuation done two weeks ago which came back fine. Is there anything that can go wrong now? Would there be any reason why they would reduce what they…
-
Very confused RE house purchase advice appreciated
Hi, Hope you knowledgeable people can help me out, seen a house we love so have put an offer in and is likely to be accepted. We are in the very fortunate position that it is very cheap as needs renovating and are going to be cash buyers. The problem is we then wouldnt have the cash to renovate, need approx 30k which OH's…
-
Mortgage Credit Search - Soft Footprints
Hi Does anyone know which mortgage providers only leave a 'soft' footprint when carrying out the initial credit search for a decision in principal? Google searches, show Intermediaries were issues with a leaflet by IMA explaining soft footprints. We had decision in principal accepted with Santander, then the application…
-
help over draft and morgages
please help worried sick, i have had a morgage agreeded in principle with the halifax, i had a 10% deposit however they said they would only do with a 16% which i have found so now putting a deposit of 12,500, i have told them of my loan and credit card, they have agreed in principle to the morgage on the condition that…
