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How much do we need to save?
we will have paid off our mortgage by the end of the year, but we would like to move house in the next 2 years. We will be saving each month but I'm not really up-to-date with current mortgages. We know the bigger the deposit the better the rate, so what kind of deposit should we be aiming for. 10%,20%, 25%?????? We will…
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Homebuy Direct + Mortgage
I have a mortgage with the Halifax, I own 75% of a new house with the Morris Homes and the Goverment providing the other 25% in a home equity loan. My mortgage deal is due up in October and I have been offered a new deal with the Halifax. Does anyone know of any other Banks that take on this type of Mortgage, as the RBS…
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Critical Illness Cover and Mortgage Offer
Looking for advice on critical illness cover in relation to a mortgage. My husband has applied via LLoyds for a mortgage, he had a meeting with their adviser last Tuesday to fill in the paperwork, the adviser tried to sell him critical illness cover, my husband said he would think about it ( it wasn't something we had…
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Mortgages for nurses
I wondered if anyone knows about reliable deals for nurses and healthcare workers wanting to get a mortgage? Thanks:)
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EA Spelling Mistake on Mortgage App
Mortgage Advisor !!!! Up Big Time I'm trying hard not to overreact - really trying. My mortgage advisor found us a mortgage with Halifax, applied and was accepted last week. Have put in an offer for a house, been accepted and have a move in date of 15th September. Received the paperwork today. Read it through the advisor…
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Mortgage with Tier 1 visa
Hi, I currently have 16 months left on my Tier 1 work visa. The property I'm looking at buying will not be completed for another 6 months or so. The bank have told me I need to have at least 1 year left on my visa in order to get a mortgage. Can anyone tell me if this is from the date of application for the mortgage (ie.…
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NRAM have put up our rate!!
Hi We have just had a letter today off NRAM to say that our Base Rate Guarantee has ended because there is no longer an early repayment charge on our mortgage and they have put it up over £200 a month! Is this right? I really do not know what we are going to do:(
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Halifax
Does anybody know if Halifax would allow me to end my fixed rate and go onto the SVR? They are ending my interest only period and I cannot afford the repayment amount as I am in an IVA. I am a liitle over 3 years into my 5 year fixed deal. The interest rate would go from 5.85% to 3.5% so the saving would be more than…
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YBS - Changing deal after application but before completion?
Hi, We've been thinking lots about whether to take out a 2yr tracker or 5 yr fix with YBS. We finally settled on the 5 yr fix last week, and paid the arrangement fee and valuation fee. However, we're having a change of heart. Does anyone know if we are likely to be able to change product at this stage without incurring…
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Don't know what to do
Long and short of it: In May 2005, my ex husband and I bought this house for £76,950. In October 2005, he quit his job. Between October 2005 and October 2006 he refused to work, so I carried the burden of paying mortgage/bills etc while he went out and got drunk and stoned. In October 2006, he got a part time job and began…
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Mortgage and employment history
Hi Guys, Quick and easy question... I have been self employed for the last 18 months and have a nice solid history of for the last 12 months showing a stable income which has basically come from the same customer. As it happens, I am going to shift to being employed by this same customer. Now, I am looking to get a…
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Worth ditching our fix?
Hi All We are on a fixed mortgage with BoS 4.89% with another 18 months remaining on this rate. We have made the maximum overpayment of 10% this year and have reduced our term to just over 9 years. I have asked BoS how much it would be if we were to switch lender and they have said the ERC is approximately £2,700. Although…
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Our Mortgage Chances
Hi Me and my fiance are looking to get a mortgate early next year. We are first time buyers who are hoping to save 20% and we're almost there. We're looking at properties between 100k - 120k with the hope to pay a maximum of 110k. Therefore we would be looking to borrow a maximum of 88k (with a 22k deposit, we've got 17k…
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Will I ever be able to buy :(
Hi. I'm so frustrated about mortgages! I and wife are both First Time Buyers my income is £30k and wife’s part-time job is only £5k. We currently renting in Oxfordshire and we like here. Prices of houses in OX are well overpriced and having one kid (we may have another one) we need 3 bed houses. There is no chance that…
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Mortgage Offer in Principal
Hi, 8 Weeks ago, the Halifax gave me a mortgage offer in principal (I am moving home and they are my current lenders on the house i'm selling). My house had an offer (in Scotland) put in and the buyers want it all to move quickly, in fact complete within 3 weeks!!, which the solicitor advised was very do-able. Now, I…
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Cheque or Bank Transfer?
Hiya I've just checked my mail to find a reply from my solicitor about our mortgage deposit and since he's not avail till Monday could really do with some questions being answered if you can. He has said I can pay by cheque which is free and can take 7 days to go through - the other opt is a bank transfer which will…
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Last minute glitch in mortgage application
I applied for a mortgage through a broker over a month ago. I'm a supply teacher in Scotland and have worked continuously on long term contracts for three years. The broker said this would not be an issue and that, as a professional, it's the history of continuous work that's important, especially since I had a 25%…
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Endowment Missold - Please help
Good Evening, I've just spoken to a company about the possibility of claiming compensation for my endowment being missold. They claim 35% of any money returned so I told them where to go! But after all this I have looked into the likelyhood of my endowment being missold. I checked the which? campaign regarding endowments…
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porting a mortgage
hi, a simple question if I port a mortgage and then require an additional mortgage to cover a move to a new house, ( rather than pay off the original and pay the early redemption fees) is the deposit required for the entire cost of the property or just the additional borrowing? I am a little confused, as surely the first…
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flat = leasehold ?
Hi Guys, i have been browsing rightmove.co.uk and came accross some properties which are converted from house into grond floor/first floor When the listing appear as FLAT , will it always be leasehold ? as most of those properties dont say anything about remaining lease ? any suggestions will be appreciated !
