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Mortgage - which mortgage to pay down -advice sought please
Hi, I hope this is the best thread to post this request. I'm hoping someone could offer me some advice. I have about £80,000 in savings which has been dwindling away in different savings accounts for the last few years and have been too busy at work but also too indecisive to face up to tackling my finances and doing…
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self-employed help.
Hi people.... I was self-employed for 15 years working for the same companies in general. I had a mortgage because when i applied i had 3 years of accounts. In 2009 i sold up and travelled Europe for 2 years before returning to the Uk.I then travelled the Uk too. Anyway i returned to my job a couple of months ago and want…
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Newbuy or partex ?
The sale of my property has fallen through today, buyers refused mortgage. I am stuck at what to do next. We have seen a property new build £270000 I had sold my house £5000 under its asking price giving me £40000 equity. with this money I was going to pay most of the loans i took out to refurb my current property this…
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endowerment
looking for advice, we took out a repayment mortgage when we found out that our endowerment mortgage would not cover the mortgage,we kept it on for savings, we thought the endowerment was due to finish next month but it is October next year. we were going to cash it in but have been advised that the last year is the most…
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Advice please? paying off a relatives endowment...
[FONT="]Hi, I am looking to pay off a relative’s endowment, as it has not matured enough to cover the mortgage [amount 27k]. The problem is they don't have any money, so I have agreed to pay it off and take the money from the estate when they pass-away or go into a home. [/FONT] [FONT="]Can anyone advise on the…
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Is it all doom and gloom re Self-Employed?
Hi all, I've been looking through the fourms and I'm just looking for a general opinion on our likelihood of getting a first time mortgage in the current climate! Husband is Self-Employed and has been for 7 years, has all tax records etc. earns circa £26k I am currently working part time, we have a toddler who will be…
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Can i get a mortgage?
Hi All My partner and I have just come into some money (circa £35,000) which we want to put down for a mortgage deposit. However we want to get a Buy-to-let mortgage so we can rent a property out but are not sure if this is possible as we currently rent and don't own a property already? From looking around it seems that a…
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Mortgage options, the future etc.
I'll try and keep this message short ;-) To give a bit of background, I'm not far off 30 and am living with my parents. They own the home and since they're just about to cash-in a life insurance policy, we'll be mortgage-free from next month (saving us about £7k in interest alone!) I'm not, and can't see myself being in a…
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NRAM porting question please
Hi :) We are not in negative equity but we wouldn't have any deposit if we sold our house. My question is, we are with NRAM so would they let us move the mortgage to somewhere cheaper or would they want a deposit as if we were buying as normal ? Thanks
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two mortgages for two properties that are next to eachother
Dear all, would appreciate any thoughts here - me and my wife are looking at buying a farmhouse and a flat. the farmhouse is freehold and has a flat above it. the flat is leasehold (over 100 years). we are aware they are two separate properties as they both have their own separate entrances and separate kitchen/living…
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First time Buyer
hi all, first time poster on here. first time buyer. - credit score in the very poor category. missed a few payments in the last twelve months. - lived in housing assoc for last 10 years - looking to go down the right to acquire route. - average salary of 27k if the property is worth 130k and the discount is 10k, do/will…
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N-Ram Chasing Payment - Where do I stand
I sold my flat in April 2012. I believed all payments were cleared and my account closed with N-Ram. In June I recieved a phone call from N-Ram advising I owed them the final payment, although my records show this was paid via debit card instead of the my usual Direct debit. I asked them to review the payments and advised…
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Evidence of self employed income for mortgage?
Hi, We are hoping to buy our first house next year once we have the deposit. I am currently self employed and my partner works full time, his income is £14k, I have been registered as self employed for around 3 years however it has only been this year that I have been actively working ( the first two years I was studying…
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Good deposit, Bad Credit, First Time Buyers
Hi All Me and my girlfriend are looking to buy our first house soon. We have a good deposit of about £90000 and we're looking to buy a house maximum of around £320000, which would give us an LTV of around 71-72% Our combined income is around £75000. The only problem is my credit history. After a few setback a number of…
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HSBC's various rates
We bought our first house 2 years ago with a mortgage from HSBC, and it is 5.49% fixed costing £879 a month. On 1st december, it reverts to HSBC's 3.94% variable costing £756 a month. The other options they have given us are a 4.29% fixed for 2 years costing £782 a month, or a 3.84% 2 year discount special costing £747 a…
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additional borrowing can anyone hlep
hi all i have a little problem idont know waht to do,i have outstanding loan to pay around 10000 and im thinking to add this amount to my mortgage. I just have my house valuation and value of my house increase of 15000k bank agreed to add 10000k to my mortgage ,so the question is is it worth to add this amount or should i…
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Bad credit account on file
I have an account on my experian file. It was a loan which was settled in July 2011. Prior to being paid off I was making the regular required payments for 2 1/2 years. Prior to this I was behind and therefore for 1-2 years I have 6's shown. Unfortunately due to the rules this account will not disappear until 2017. In some…
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Will an old debt bite me!!
I applied for a mortgage well within my budget last week. It has been agreed in principle. I've filled in the forms and its all gone to nationwide. I'm really worried that a couple of old debts amounting about £1000 will ruin it for me. One of these debts is approx 15 years old and the other is 8 years old. Do mortgage…
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Gifted deposit - tax implications
Hi Can someone explain to me the tax implications of a gifted deposit from my boyfriends mum? The amount is £12,000. Thanks
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Buy to let without job?
Hi All. Lots covering this subject but nothing to answer my query. House worth £300k and looking to sell post divorce. However, would like to keep house rent out for a year or two while travelling. Need a new mortgage of £143k but currently not working ( self employed and going to travel and re-train). Would like to keep…
