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Is a mortgage realistic?
First ever thread so bear with me. :) I'm a 22 year old Business graduate. I'm just about to start a job in which I will earn 15k/pa but I will be looking to be taking CISI qualifications to become a private client investor. I have 6/7k in savings currently and by next April I have calculated that I could have saving a…
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unfair mortgage charge?
My folks are looking at mortgage options. Their current mortgage with Natwest ends April next year. to move mortgage early they have told them it will cost £4k. does this seem right? thanks all, LP xox
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Bad credit need a mortgage
Ok this is where im at. I need a mortgage for 120K. Im buying my mums house from her and its valued at 220K. I was declared bankrupt in august 2007 and discharged a year later. I also have 7 defaults still active on my file over the past 2 years. I have found one provider that will help me but its expensive a 8.75% fixed…
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online mortgage search
Im currently using the search/compare facility on moneyfacts, however is it rather limited in terms of the input criteria so results are more general. Can someone suggest other online search place, just to give an idea of whats available? I recall iii use to have a good one, but cant seen to find it now. thanks for reading.
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Best options?!
Good morning folks, Long time lurker, first time register-er and poster! Am in the process of buying a house, and wondered what the considered opinions of the forum might be. We are in a fortunate position following a previous house sale, of having a 25% deposit. I also have a previous mortgage - 0.69 above base, for term,…
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Payment Holiday........Should I?
Hello, Some guidance would be greatly appreciated: I have just took out a 2 year fixed rate mortgage with the Halifax after being on a higher fixed rate with them for the last 2 years. We moved into this brand new home 2 years ago and we took out a loan of 10k @ 7.5% which is now down to 5.5k to help with costs etc..... We…
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Need advice from savvy people...
Hi, I'm hoping someone here can help me. My boyfriend & I are on shaky ground. We have a joint mortgage, bought 5 years ago at £153000. Outstanding mortgage is £140000. Flat is estimated to be worth about £145000. If we split, he won't want to live in the same place as me. What are my options? I could afford the mortgage…
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Does 'all of market' mean just that?
I am a FTB with a 15% deposit and have had an offer accepted on a house of £125k. Been to see my mortgage broker today, they have suggested the following mortgage: Nationwide 2yr tracker 4.19% then 3.99% £240 valuation fee £99 booking fee £400 arrangement fee They suggested this as it was described as a 'easy to obtain,…
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Alliance and Leicester First Plus Mortgage problem
Hi I have recently viewed a new build property which my wife and I are interested in purchasing. The problem we have is that we currently have a 100 % mortgage with Alliance and Leicester along with a secured loan in the house we currently live in which looks like it could break even or marginally be in negative equity if…
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Remortgage our own home or take out a buy to let mortgage?
We have the chance to buy a smaller property in order to rent it out. Using some cash we have and combining it with some equity in the value of our own home we would have enough to buy it. Are you allowed to remortgage your own home to buy a house to rent out? Or do you have to get a buy to let specialist mortgage product?…
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Current Mortgage Deal Ending
As stated in the title, our current mortgage deal comes to an end in June, and I was wondering if anyone knew when we might receive any new offers from them. I wasn't sure if they had to give us a certain amount of time to consider the options, before renewal. Many thanks
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partners wages
hi i've got my mortgage application meeting on thursday and need some help if poss my partner works a minimum of 16 hours per week part time, a weds/thurs/sunday, the hours may very a hour here and there but in general are the same every week she is not contracted but is guaranteed the hours from her management and it has…
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Mortgage direct debit returned unpaid... Help?
I pay my mortgage via Direct Debit but through my own stupidity I have managed to get it returned unpaid as there wasn't enough money in my account to pay it. I am absolutely kicking myself as it's not due to a lack of money, I just didn't check there was enough in the account to cover my direct debits which are all paid…
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sub prime mortgage
We currently have a mortgage with redstone, we have never missed a payment on our mortagge or car payments, but have missed payments on credit cards etc, no excuse for it at all. We have one ccj that was for a water bill at a previous house which is now paid off, although only at the beginning of this year. We would like…
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Should I sell endowment?
Hi I have a Standard Life endowment policy that has 10 yrs still to run. I pay in £68 per month and it currently has a value of £12000 with a projected value of £22k, £27k or £31k. It was supposed to pay £35k. I'm wondering if i should stop paying into it and change £20 k of my mortgage to repayment (cost of £105 per…
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Getting out of an interest only
A friend of the family purchased a house with a 100% interest only mortgage, they bought the house for £150,000 and it is now worth only £135,000. In order to switch to a repayment mortgage, would they have to save up the £15,000 difference between value and current mortgage + deposit of say 10% so, £30,000? Additionally,…
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Help Removing an Ex Partner from an Endowment
HELP!!! My partner bought a house over 13 years ago. All mortgage documentation etc is in his name only. However at the time he was told that it would be prudent to put his partner at the time down as life assured, and that it would not affect any policies etc. It turned out that her name was actually attached to an…
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Mortgage fix ending - when to do what?
Probably too far away now but my fix ends in early November 2012. Just wonder when it is the right time to be scouring the marker for a replacement?
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Abbey being Anal! FTB help
I have been reading for a few weeks and getting myself more and more worked up about my situation. I have applied for a mortgage with the Abbey. I have £21k deposit and the mortgage applied for is £119k (so 15% deposit) I have one CC with £3k on that I pay £75 a month. I recently cleared all other debts I had. I got the…
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Help please
Hi there, As discussed earlier I have some adverse (pretty serious) credit in the past. I thought I would not be able to get anywhere with a mortgage other than GE as my last whole of the market broker stated thats the best they could do. I have however gone to William H Brown and their in house broker who uses a panel and…
