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Am I more likely to be accepted with or without my partner?
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Mortgage or continue renting?
Hi there, Me and my wife are trying to decide wether, getting a mortgage and owning our own property is the 'be all, n end all' of securing our finances in the future? I've been looking at the cost involved in borrowing to buy a house and wondered if there was possibly an alternative to having our future finances sorted?…
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House with land
Hi mortgage experts:) Do any of you know if Natwest let you have land in your residential mortgage? I'm looking at buying a property with 39 acres of grassland and I need to know if that can be included in the mortgage. I know that there are lenders that will only lend on the first acre so wanted to check. Thanks in…
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95% Mortgage?
I'm after a 95% ltv mortgage, need to Borrow £100k. Looking to keep upfront costs to a minimum, any help would be really appreciated. Cheers Chris
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Working how much Monthly Payments will be
My mortage with the Hliafax has just come out of a fixed rate onto the standard Halifax variable rate. I cant seem to work out how much my monthly payment will be though. Is there anyway I can work this out? My current outstanding amount is £94308.01 with 28 years left on the contract. Mu current payment is £502.31 a…
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Child Maintenance, Negative Equity and a general Sticky Wicket...
Hi guys, I'm separated (looking to divorce soon) and my house is selling for £250k. My mortgage is £258k w/ a £7740 Early Redemption Penalty with RBS. Leaving a total of £21k that needs to be paid to cover the bills for sale (Est. Agency fees/ Mortgage shortfall/ ERP/ Solicitor Fees). I have paid all of the household bills…
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FTB - Mortgage expectations?
Hi, I need to buy a house. I am terrible at making decisions though, so have been 'needing to buy a house' for 'several' years :rotfl: What can i expect in terms of a mortgage with the following details: Pay: £32k Deposit: £45k (this leaves me with ~3 months pay, and a moving fund) I am looking at a 30yr mortgage, and it…
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Alternatives to insurance for covering mortgage payments?
Myself and two friends are buying a house together. The following clause deals with protection of mortgage payments. If someone has enough savings to cover payments could this be used as protection? If so, what would they need to do with their savings to ensure it could be used for payments? What other forms of protection…
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Cash in Endowment or wait
I've been offered 47K against an original target figure of 80K, this would leave me with shortfall of 6K(I reduced mortgage over the years) I have 4 years left to pay so should I wait until it matures and hope it raises the shortfall or cash in and save the payments which will be £7680 but might mean I miss out on any…
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Applying for a remortgage on my own, but currently other party on the mortgage
I am looking to remortgage to Yorskhire Building Society from NRAM, currently my ex is on the NRAM mortgage, do I need to remove her from the NRAM mortgage before applying for the remortgage or can I just apply for the mortgage with Yorkshire on my own and they'll be removed from the deeds?
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Moving house -mortgage
Hi, I have a portable mortgage on my first residential flat. Since bought I've refurbished everything so let's assume the value has increased. Let say I find another property that I like, and I want use my mortgage for the next property (that will be residential). keeping the same LTV so I wont pay any ERC etc. Can I use…
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small mortgage low deposit btl
Just a quick one, I currently have a mortgage of £94k, I purchased the house 2 months ago for £105k its probablly worth a bit more now as I'm half way through doing it up, anyway, I have seen a house for £45k that I'm very interested in doing up and renting out however I'm stuggling to figure out the best way to finance it…
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Borrowing to complete a new build - How to do it?
Hi I am in the process of building a new house, most of it has been paid for but I may need to borrow some to finish it. The house should be finisihed in about 2 months. Ideally I want to borrow on interest only terms and with no early repayment penalties. I tried my bank (FD) and they said get lost we don't lend on those…
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What Options Are Open To Us ?
[FONT="]We have a 5 yr fixed repayment mortgage of £76k, fixed at 5.63% until June 2013 when it reverts to BMR, currently paying £696, with arrears of £4.5k. The lender has given us a choice to either pay extra each month (currently paying a nominal £1 per month off the arrears) to clear the arrears or add the arrears…
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Need a mortgage but income small and variable
I have an endowment mortgage which needs to be paid off in dec this year. The endowment part paid off and was paid into the account leaving a shortfall of £4000 to pay off 31 dec. My main income is £740 a month in benefits (i have been in a wheelchair 30yrs and i am now 56) and income from a holiday cottage of about £4000…
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Understanding mortgages and amount we can be lent?
I am confused! We are looking at either a 95% or 90% mortgage. We have looked on the money advice service comparison and have a good idea about rates etc. I have looked at lots of banks and building societies mortgage calculators and I am confused. I earn £23750, partner earns £22500, get child benefit. Pay back my student…
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endownments
hi can anyone tell me if endownment policies are covered by the financial compensation scheme. I have two policies that I cant make my mind up with the way they are performing what to do whether to keep make paid up or surrender though if they are not covered by the scheme I will surrender them.
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Mortgage Help..... please
This is a bit of a long winded one, but here goes. My husband lost his job last Sept & we completed a MI12 form for help with our mortgage payments. We were constantly in contact with our mortgage lender, however we did get our self into a bit of a state! We had asked them if we could go interest only for a while & at…
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NewbieAlert
Right so any help appreciated at this point :-) Earn 17k a year Currently renting Live in Scotland Want to buy a Fixed Price house at £75k which I have spotted Got permanent job FTB Got 7k saved Live in Scotland Not interested in an interest only, I would like to pay off any mortgage I get. What is the next step? Do I view…
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Do mortgage lenders write to your employer?
Hi, I have been on contract with my employer for 2 years and still going strong. I want to remortgage with a new lender but would I get away with putting permanent on the job front? Clearly this will stand me in better stead but if a mortgage lender writes to my employer I could be rumbled. Any thoughts out there? John
