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Mortgages & endowments

Archives for December 2012

New Job & Mortgage Eligibility
The new year’s almost upon us, and with it there may be a chance of my getting a modest promotion at work. It’d be a small move within the same Company (and same office even) where I've worked for over 20 years. Our credit rating & finances are pretty good, and neither I nor my long term employed partner would normally…
Halifax Consent to lease
Hi, Looking for some advice. My wife and I are currently trying to move house but are finding it very difficult to sell our home. We've started thinking about letting out our current home in order to move. At the moment we're on the Halifax standard variable rate. I'd guess our LTV will be between 100% and 120%, as we…
Credit/Mortgage Eligibility Question
Hello all, first post and was wondering if anybody could give me some facts/advice due to the slightly unique situation I am in and the fact I cannot get a straight answer from anybody I ask, whether that be mortgage advisors, accountants etc. I work outside of the UK and earn in a foreign currency. I am paid in the region…
0.68% + 2.35% should I re-mortgage?
I took out an interest only mortgage 5 years ago and was wondering if it is a good time to re-mortgage now to start paying off the mortgage? The base rate is 0.68% + 2.35% a total of 3.03% which makes my monthly payments of £287.90 Property Mortgaged for 113,850 and the current property value is 140,000
Secured loan/morgage for over 70s
We wish to "buy" our daughters flat so she can be a cash buyer for a house. We have two unmortgaged properties of our own. Is there anyone who might give us over 70s with good income a short term, interest only mortgage to be repaid as soon as we can sell the flat? Bevill
Buying a new house - Do I need to tell the bank?
Hi all, Quick one - we own a flat on a good mortgage rate and are keen to move. We've found the house we want and have had an offer accepted. We've also found a mortgage lender who may lend on the house for us, in the knowledge that we own the flat, and are comfortable that we can afford both whilst we wait for the flat to…
NRAM Mortgage and loan means no negitive equity
i called today to pay my monthly payment and got chatting the the lady on the phone. im in a bit of a sad place when it comes to property. in Aug 2007 the housing high i took out a 101% mortgage 180K repayment mortgage and 12K unsecured loan. for a property worth 190K due to the housing market getting wild my place is now…
mortgage lump sum payment
I recently made a lump sum payment on my mortgage. When making the payment, I was asked whether I would like the payment to affect the term of my mortgage, the amount owed or neither,meaning that I could take a payment holiday if required. I chose the latter,but am still unsure which option would have been best for me???…
How soon can I secure a mortgage deal?
Hello We bought a house in September with a 20% deposit, 2 year fix at 3.99%. Not the best deal around, partly because I am self-employed, and also because of the small-ish deposit (we wanted to keep our flat and rent that out). By the time the two years are up, we are hoping to be able to get a much better deal, due to a…
please help with re-mortgage decision
hi to all. I have 16 years left on my mortgage,i needed £7,000 so got a deal with another lender to give me a better mortgage deal,but my new mortgage will be for 27 years instead,(and it was only £120 a month better off (not worth it,but i need the 7k) i was told after a year or 2 i could reduce my 27(which will be 25…
how long from AIP
Sorry this is probably a "how long is a piece of string..." question. From receiving an agreement in principle how long does it take for the full mortgage offer ? Thanks in advance and a Happy New Year :beer:
Consent to let
Help required! We spent 6 months this year selling our property only for our buyer to request a £3k "bung" at the last minute to continue the sale. We refused and our chain collapsed. We are therefore considering renting our property in 2013 and either raising capital to buy a second property or letting a property in our…
Quick Scottish Amicable Endowment Question!
Hello. My first post...I took out a £59 a month Home Purchaser policy over 25 years starting Jan 1989, so my next payment in Jan 2013 is the last one. It is not attached now to any mortgage. The period of assurance ends in January 2014, but I do not need the life assurance element as I am well covered via work. The last…
downsizing with bad credit
Hi, We have decided to move to a cheaper house to prepare for an anticipated drop in income in a couple of years. We currently have a mortgage of 190k on a house bought 6 years ago for 285k. The current valuation is 260k. We are looking at a house on the market for 160K, although it would need a loft conversion to be big…
Mortgage and House Buying Questions
Hi everyone I've been a long time lurker but due to some changes I could really do with some advice. I've been looking at some mortgages but wondered if I would be classed a FTB. A bit of history I bought a house 3 years ago with ex which was sold in April and the mortgage was cleared. I'm currently renting so therefore…
Solicitor Costs
Afternoon all I am a first time buyer and going through the process of buying my first house. Been reading everything. Could anyone tell me typical solicitor costs - been quoted a varied range. The estate agent also recommend theirs - if I go with this will the process be a bit quicker or is that just a 'fad' to get me to…
Can i keep my brilliant tracker deal
Long time browser but this is my first post. I will try and keep as brief as possible. I have a very good long term tracker deal with Barclays, 1.39% above base that was taken out in 2008. Due to house price falls the house is worth approximately the same as the outstanding mortgage so no equity worth talking about. Here…
home insurance and building society
Someone has said to me that I must inform my mortgage supplier ,in my case "NRAM" ,when I take out my buildings and contents insurance.. Is this true ??
mortgage application / default - any options?
Hi, I'm trying to get a mortgage for 75% of £105,000, and was provisionally accepted by Natwest, and I passed their credit check with no problems. There were other issues relating to self employment which have now been rectified, and my mortgage broker is going to try an alternative lender. Anyway, I decided to look at my…
Natwest Consent to Let - Fixed rate ending, now what?
Hi All, I obtained consent to let from NatWest about a year and a half ago, on a property that I intend to continue letting for the foreseeable future. I'm currently on a fixed rate deal, which ends in March 2013. I'm on a repayment mortgage with 22 years left. My LTV is about 60% (conservative estimate), monthly interest…

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