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i want to make overpayments on mortgage
but i'm not sure how much I can afford & how regularly I can do it. Will anything i overpay make a difference? I was hoping to do maybe £50 a month if I can. Im on a repayment mortgage- got about 19 years left. some of it was a fixed rate from previous mortgage then when we moved we added another £60k-ish on a tracker i…
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Fast track mortgage with over 40% deposit?
My current mortgage deal with my current lender ends January 2012. My house is valued very comfortably at 250K and I'd like to borrow 140K. I am self employed and have accounts/records of 5 yrs plus but have used fast track mortgages in the past as my business only produces around 18K salary per annum. I'm 40, and have a…
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Fast track mortgage with over 40% deposit?
My current mortgage deal with my current lender ends January 2012. My house is valued very comfortably at 250K and I'd like to borrow 140K. I am self employed and have accounts/records of 5 yrs plus but have used fast track mortgages in the past as my business only produces around 18K salary per annum. I'm 40, have a…
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Whats the Best
Hi All Ok, here's the story. I have no mortgage, UK property worth about 170 k. My son rents the house, I live abroad. Due to poor overseas employment I now need some cash and looking at some sort of equity release / mortgage - approx 30 k, (am under the 55 age rule ), to keep me in the sun. I have an lowish income, approx…
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Mortgage HELP!!!
Hi, My girlfriend and I tried for a mortgage early this year but got refused because I have bad credit. If she was to apply for a mortgage on her own then they would only offer her 60k. But the house prices that we are aiming for are around 80k. We will have around 8k deposit. I am the main earner but feel helpless, is…
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tied in until 2014 my mortgage with halifax
Hello everyone Bit of a dilemma, tied in until 2014 with halifax £97,000 outstanding 5.78%. besides the mortgage have £7k in credit cards on ( fortunately 0% till May 2012 and October 2012 ) I tried to re mortagage 4 months ago and was declined, allthough the payments would have been around £90 per month cheaper I have a…
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Advice needed ....please
:( I have a joint mortgage with my brother - £140,000. The mortgage now stands at approx £136,000. The problem I have is that my brother has now moved out back to our parents to save up for a deposit for a house with his g/f. I have a lodger who has just moved in and I cover the bills/mortgage fine, I was paying more than…
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Getting a new rate with existing lender
Hi My current fixed rate runs out in December and I think you can secure a new fixed rate from September onwards. I want to stay with the same lender just want to secure another 5 year fixed rate. The question I have is since we purchased the property which was bought below market value because it needed modernisation etc…
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House repossessed and credit card company took the balance for unsecured debt problem
We had a property that was repossessed by Halifax whilst we were out of the country. The surplus funds that was left over after the mortgage balance was covered was split (it was a 50/50 joint mortgage with my wife) and her portion placed in the Court Funds account, due to us being untraceable. My portion of the surplus…
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NRAM/Northern Rock
Does anyone know why NRAM standard variable rate is 4.79% when the Bank of england base rate is so low??? Its very high compared to other lenders and Im stuck with them on a fixed rate for 5 years at 7.29% mortgage payment 1300 a month. is there anyone out there smarter than me and is there anything i can do???? Heart…
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HELP! First Time buyer - Homebuy Direct 100% Mortgage mind-field
My Partner and i are currently looking at buying our own property. We are planning for a family so want a property to buy. We live in the South East, so as you're all aware, house prices are astronomical:eek: We are currently looking into FIRSTBUY - one of the "affordable" housing schemes .bovishomes.co.uk Downloads…
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Can I remortgage and is it worth it?
Can I remortgage and is it worth it? I am tying myself up in knots deliberating over my mortgage predicament...... I have 2 mortgages against my home. (One mortgage was 'ported' when I moved and I obtained another much larger mortgage to buy a bigger family home). The smaller mortgage is not an issue. The larger mortgage…
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When can you switch mortgages ... ?
Just a querry i have. We have a 20 year mortgage, at a decent fixed rate for 5 years, before switching to variable rate which is also fair. However, i was just wondering .... the fee to change is rather large. When my 5 year fixed deal expires is that when you can usually change companies if you so wish, or will you have…
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Mortgage responsibility after separation
My husband and I separated (not in law yet) last year and we have a joint mortgage on the house that we have continued to pay together because I cannot afford to buy him out. I am currently living in the house with the children and he is renting somewhere else. I think I understand that if he were to go bankrupt I would be…
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Can you help me work this out?
I'm fiddling with some numbers to change my existing mortgage. We owe £78000 at 5.29% If we change our mortgage to 3.99% now how much will our interest amount be every month? I basically want to know if it is worth paying the early repayment charge to get out early and onto a cheaper deal. Mortgages confuse me because of…
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Help getting a mortgage
We are hoping to move within the next couple of years and as a middle ages new teacher i don't have a very good pension so we have decided to get a mortgage and then when we retire and the kids have flown the next we can sell to help our old age. The problem is we can't get a mortgage, as a student for years our credit…
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Santander mortgage application problem
Hello all, I'm am new to these forums and I have signed up for some advice on a situation I have.! I went to Santander on Saturday 21st of August to discuss a mortgage. All talks went fine with the advisor about affordability and everything was looking smooth to lend £28,495 including the booking fee with a £7000 deposit,…
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Offset mortgage and savings in same bank
Hi all, First post.Not a financial wizard:A.Be gentle!!! I have offset mortgage in First direct.I have current account and savings account in the same bank, both linked to my mortgage. If say, I have £90K in current account and £90K in savings account and £350K offset mortgage, how much FSCS saving's protection I get, if…
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Need to remortgage to payout the ex mrs
Hi Currently on the Co-ops SVR, owe approx 88k on a house worth around 180k and i need to remortage on my own for around 135k. I have spent hours looking on all the lenders websites and reading up. There is sooo much choice and im not sure what to go for.fixed,tracker etc My wages on my own should be fine. Who in your…
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Income multiples?
Does anyone know what typical income multiples are being offered now? Is it still something like 3.5 x salary? The last time we looked into this was over 3 years ago, so a bit out of touch. Does the size of the deposit make a difference?
