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adding 10 grand to my mortgage
im in the fortunate position of having a £238/month mortgage, which is up for renewall. I have circa 60k equity in my property and i want to take out a renewall for around 10k more than whats outstanding on my mortgage, so i have that 10k effectivly in cash. is this a wise option? assuming i can make the additional…
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Mortgage on a B&B reverting to residence?
We're first time buyers and have agreed a price on a 5-bed property currently in use as a B&B which we aim to live in as our main residence. The vendor is now submitting a change of use application and the council have indicated it's very likely to be approved as it was originally built as a house. The vendor is also…
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Stay fixed or jump ship
Currently half way through a 10yr fixed rate at 4.99 Took out the mortgage when rates were on the rise for security, but with rates so low am looking at ending early. Have an offer of 20k to pay off the mortgage but must be used in the next few months. Current mortgage only allows 5% overpayment (100k left, Current 60%…
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How far do mortgage providers dig into the financial stability of your employer ?
Just wondering how a mortgage provider weighs up your employer and how much emphasis they place on the stability of the employer as opposed to the individual's job security. I guess historically you'd have thought that working for the Halifax (for instance) was the height of stability, with a "job for life" mentality,…
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Two mortgages and gone wrong
My wife and I have worked hard all our lives, our main aim always was to retire to france, where my wife’s family live. We had a house in the UK with an interest only mortgage of £300,000 which we were easily able to afford and paid religiously every month. The house was valued 4 years ago, by several estate agents, at…
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remortgage to buy second home- is interest only an option?
Hello My hubby and I are hoping to remortgage our home to release equity to purchase a second home (for our own weekend use not btl). We already have an AIP from Halifax. current home value: £310,000 current mortgage: £162,000 AIP: up to an additional £100,000 What I would like to know is would it be possible to maintain 1…
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Advice
Myself and my wife need some advice on where to look to get our first morgagte. We have 4k in savings and have an annual income of 73k. Would we be able to get a loan for the rest of the deposit and then use this to get a morgagte? We are looking to borrow about 220k for the morgagte. I have had previous ccj's, these have…
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Mortgage Fees
Is it just me or can banks etc really justify their fees for setting up mortgages.Most are best part of £1000.Can this be justified or is it just a way of banks etc trying to build up their cash reserves ?
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Scot Am Endowment - Help Required
Hi I have a Conventional with profits policy that is due to mature in Sept 2012. Monthly payment is £42.58. Current surrender value is £29203 and possible maturity values (as of today) are 4% £30,300 : 6% £30,700 : 8% £31,100. I have been tracking these values for the last few months and whilst the maturity values have…
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Taking over my dads mortgage??? Help!
Situation house value £110,000, £25,000 has been paid off. My dad who is 59 has a mortgage until he is 70 to pay this off. Roughly £600 a month He has no other savings and about 7k of personal debt. In his line of work he has to re-take his test every year once he reaches 65. My concern is that he wont be able to work, not…
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Whats the best mortgage this week?
with LTV 80% for moving house. Can't really find a comparison website that is as userfriendly as comparing insurance etc Price: 326k Any experts?
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Stupid question??
Last year my partner and I looked into re mortgaging to pay off credit card and other debts. In the end, I was made redundant, so we ended up taking out a DMP instead. We went with an independent mortgage advisor, who charged a £99 'Application Fee'. The mortgage offer was from C & G, but in the end their valuation didn't…
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Need urgent advice on broker fee
I have been looking to remotgage away from a 5.83% fixed rate that I am tied in for another 18 months. A broker company called LWF came to look at my case and found what looks like a good deal to me. My only concern is the fee they want to charge me. Their deal is a mortgage lifetime service with an upfront fee of £1890. I…
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Remortgage and portability
Hi, I have a silly question to ask so be gentle to answer :-) Preface One year ago I've bought a flat in central London, and after few months has been refurbished completely, remodelled etc. The flat was bough for a very good price (same block, few months before another flat identical size/layout has been sold for 40k…
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Endowment - to seel or not to sell
I have a Scottish Amicable endowment policy, which I took out in 1993 and it matures in 2015. The policy was planned to generate £75k and I have just had a surrender value from Scot Am of around £47k and the policy is in the RED zone in all their forecasts. I am investigating selling the endowment to get a bit more than…
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Old Scottish Amicable pension Annuity
should the Pru have contacted me in advance about my maturing policy which matured on my 60th b/day 10 /12/11, all they say is that they would not have contacted me until my 75th b/day, can this be write when all the informaton points to 10/12/11, I am now rushing to secure the write pension quote.:mad:
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single mum and mortgage
need some advice please , my partner of 6 years left me last friday his daughter went with him, leaving me and my son in the family home, he told me he wants no more to do with the property, so i phoned our mortgage company to set the wheels in motion to take his name off the mortgage and deeds, ive been told by them i…
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BOI and the mortgage works
Hi I had an unpleasant surprise today in a letter from the mortgage works. Apparantley the BOI SVR of 2.99% will only apply up until march 2012, after which it will probably increase to the TMW rate of 4.79%. Not looking forward to a hike of nearly 2 percent. My mortgage only has a couple of years or so to go so not worth…
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Northern Bank Mortgage
Hi, Has anyone had any dealings with the Northern Bank for a mortgage?? They where offering 100% mortgages but this offer has ended and they now offer 95% mortgages. We have rougly a 10% deposit with the view of applying for a £146k mortgage. Any info would be greatfully appreciated. Thanks in advance!!
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mortgage advice
I have a mortgage through Future Mortgages which i know do not have a good reputation at all. I am on a fixed rate until September 2012, at which point i am very concerned about what kind of rates i will be paying to them. I had to take this mortgate out because i had to take an IVA in 2006. This is now successfully…
