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Flexible Mortgage Plan!
Hi All, I took out a Flexible mortgage plan in 1999 for £59,500 with Legal and General, the Adviser who sold me the plan was told at the time that under no circumstance did I want another Endowment as I already had two and they were both performing badly, he advised that the F.M.P was the best thing going and it was NOT a…
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what happens after fixed rate ends?
Can anyone help me to understand this a bit better... Me and my husband took out our first mortgage, 90% over a 40 year period back in 2009, it was fixed for 3 years and I think the interest rate was 5.99% The fixed rate will finish in January but I am worried about what happens after that as I am currently on Maternity…
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good deposit lowish wage best place for a mortgage
Hi i have paid off my mortgage,house worth about 105,000. But will be looking to move in about two years time. I earn about 15,000 per annum and pay 150 per month maintance, im single, 42 yrs old and live alone. i would like to move to a house costing about 170,000 is it possible to get a mortgage for the difference and…
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Applying for Divorce and Negative Equity
I have separated from my partner for 2 years... no children. However the house is in negative equity by £30,000. I currently remain in the house yet my ex-wife wants her name removed from the mortgage (158k) and it transferred into my sole name (which I am open to and can afford). However the mortgage company (C&G) will…
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Cashing in endowment
Hoping someone can help. I have an endowment that is 16 years old with Prudential i currently pay £41.20 per month. Luckily it isn't tied to my mortgage so was keeping it as a type of savings. However we need to purchase a new car and options are loan, re mortgage or cash in endowment to pay for it. I have called…
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100% Aldermore Mortgage question
I have noticed that Aldermore offers a 100% Family Garantuee mortgage. Does anyone know if they would accept a garantuee from a parent with own property from abroad (EU Country)? Thanks for any information :)
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Poor Credit - Can I apply for a mortgage?
Hello!! I have recently got married and me and my husband are looking to get a mortgage. We're hoping to get a 95% mortgage with Nationwide in October using our Save to Buy account. When I was younger I had a Barclaycard and defaulted on payments amounting to £690, which got forwarded to a collections agency. I have since…
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Repayment of Interest only - Outstanding Balance or Repayment Figure
Have sold up my property and looking how much I owe to HALIFAX. I took out a INTEREST ONLY mortgage of 250,000 and after two years went on to SVR. Thats it nothing fancy but when I look online using Halifax online banking I see my mortgage balance is 243,797 ! Over the last few years it has been decreasing when looking…
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Any x5 salary deals out there at the moment?
Hi - I know they usually base it on affordability now rather than multiples but was wondering if anyone has been offered around this amount recently?. I have been offered x5 by Northern Rock but the rate is quite high 5.95 (fix for 2 years) so would like to continue looking but would like to pinpoint a few rather than keep…
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Switching to Interest-Only mortgage
If someone is having difficulties in repaying his/her mortgage, due to a change of financial circumstances, are banks generally amenable to helping out by offering a different mortgage? I've heard that some people have switched from a repayment mortgage to an "Interest Only" mortgage at a substantial lowering of the…
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Will the bank buy me out of my mortgage
Hi I am on a tracker - 0.69% above Bank of England base rate for life. What chance is there the Bank will pay me to sell up and move into rented or use my savings to pay off the remaining amount owing?? After all they must be making a loss on the deal - surely?:D Thx Mr Dudley
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Best 5 year fixes?
Any good suggestions on 5 year fixed rates at the moment? I have a 25% deposit, although could increase it perhaps to 30%. I am liking the YBS tracker to fixed which is 3.09% (on current base rate) until 2014 and then fixed at 4.09% until 2017. Thanks :)
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Britannia Changed Permission To Rent policy
Hi, I have a repayment mortgage (from Britannia) on a property that is let out whilst I am over seas. Every 12 months I am required to ask Britannia for permission to let the property. I have recently asked for another 12 months - Britannia have informed me of the following: Mortgages for properties that are rented out now…
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Downsizing because of debt - can we still get a mortgage with bad credit?
Hi Apologies if this has been answered before - I have looked but couldn't see it. We are thinking of selling our house to pay off some debts and would want a new house at a lower price/mortgage payments. How would this work? Our credit record was fab but is now crap - we are on our own DMP with credit card companies so…
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100% mortgage - Aldermore Bank
I am looking for any advice on the above mortgage. Has anyone used Aldermore bank for this mortgage? My husband and I both work full time but my credit rating isnt great, hubbys is perfect, his parents have agreed to guarantee a mortgage so we dont have to save for years for a deposit, their own mortgage is nearly paid off…
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New build mortgage
I am in the process of buying a new build house. I've been told by a broker that Nationwide and Santander are pretty much the only ones who will do a mortgage for us. We have 15% deposit and the builder is giving another 5% as well as paying stamp duty and legal fees. Would any other lenders be available to us?
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Quick mortgage question
Morning I have a house which I'm currently buying thats worth £350,000. Our inlaws have agreed to sell us the house for £150,000 I want to get a mortgage for £200,000 so we can spend £50,000 on a loft conversion and a small extension out the back Anyone know if this is possible? Basically will a mortgage company be OK with…
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renovation mortgage
We have just bought 3 terraced cottages and paid cash. They are on one deed at present but we are separating them on to individual deeds once we have completion.What are the options for borrowing money to refurbish all 3, they all need new windows,external doors,rewiring,new kitchens& new bathrooms. Look forward to hearing…
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Residential & expat mortgage brokers: reviews and advice
Hello, I am a British citizen living abroad and prospective first time home buyer. I have begun looking into financial institutions that offer flexible residential home loans (I will be moving back to the UK) and expat mortgages as a back-up in case not being a current resident is a problem. Naturally the former is…
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Mortgages and IVA's
Are there any companies out there who provide mortgages for people who have had an IVA? We have been free for a year now and went for a mortgage with Lloyds everything was fine and contracts concluded. Mortgage then went to underwriter and was declined as we have not been clear of IVA for 2 years.
