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Mortgages & endowments

Archives for December 2012

move mortgae but has had mortgage protector pay intrest for last 6 months
hi out there .sorry first time on a form.... ok have fixed rate mortgage at 5.45% ish . fixed until middle of 2014.. hubby made redundant due to illness..june this yearhubby unlikely to be going back to work at all. luckly had mortgage interest protector(only pays for a year)..has helped loads .now looking to move mortgage…
need help with odd mortgage application problem
Hello all, I was wondering if anyone could advise me about my mortgage application. I have decided to get a first mortgage on a property in northern Ireland the problem is my work is in London. The reason for this my fiance who was from NI was killed in a accident in Oct and I want a house to visit her grave and be close…
FTB - credit cards & bank accounts
If all goes to plan then we'll be FTBs in 2013. We're aiming at a 40% deposit. Probably going to come in a little under that actually at maybe 38% as we had targets to hit this year. I hit mine but unfortunately the missus was some way off hers. I was just wondering how much of an effect credit cards & bank accounts can…
Tenants in common - advice please
Since I split from my husband 10 years ago, I have had my own mortgage. It is currently valued at £18000 and my mortgage at £77000. My long term boyfriend who has lived with me for 9 years has always paid me rent each month to pay his way, tenancy agreement etc all above board. We have now decided to clear our large credit…
Are Lloyds a strict lender? Want to buy 1st house...
Hi All, My parther and I are looking to buy our 1st home and like the look of Lloyds Local Lend a Hand scheme. We have to come up with 5% deposit and the council act as a guarantor for the remaining 20% deposit. Both my partner and I went into our local branch to discuss the mortgage, and came out with an agreement in…
Financing an extension
We are planning to extend the house next year, and will need to increase borrowings to achieve this. Salarywise, we can support this, but not sure about the lending situation these days. We currently have a LTV of approx 75% (£150k mortgage, property valued at approx £200k to account for the fall in prices - the house was…
First time buyer! Help needed.
Hello there, Myself and my fianc!e are looking to buy our first home under shared ownership. The property is valued at £115,000 and we're looking to get a mortgage for £28,000 of that and the rest is rented. Now, I went through a period of employment and after seeking financial advice, I was advised b the CAB to put in a…
Renew or delay mortgage deal
Hi all, New to the forum but have used it before for some good tips and hoping someone can help now. My 5 year fixed rate finishes in March (currently with RBS @ 5.4%) so I need to look for a new deal. The added element is that next summer I'll be looking to move from my flat and find a house with my girlfriend - so the…
Mortgage deal ending
Hi My 2 year deal comes to an end in April, when do I need to start looking for new deal? Thanks.
mortgage interest rate calculated daily
hi, i think i read here a while back that if your mortgage interest rate is calculated daily then you could save more by making an overpayment before the end of the year, is this true? thanks :)
Natwest ERC
Hi all, I am currently considering ditching my 5.99% fixed rate mortgage and switching to a better mortgage deal. I currently have 17 months left on my fixed rate and my early repayment charge before May is 2% and 1 before May 2014. By my calculations this is £1600 and £800. I have had a quick look online and there is a…
getting a mortgage
Hi, I'd be most grateful if anyone could help me with the following. I am just about to take the plunge and go for purchasing a second property (we are intending to let out our existing home). My FA has advised me that I can get a mortgage of up to £175000 over 14 years (which takes me up to 65 years). I have a top credit…
Student finance and mortgage
Hi all, I am a mature fulltime student and getting support from student finance company. This support includes adult grant & tuition fee support. The amount of grant I am receiving is calculated based on the monthly rent that I was paying when I applied for this grant. I recently bought a house and the mortgage is about…
Mortgage after an IVA?, but partner has good credit
Dear Forum; This post relates to mortgages after an IVA and also general mortgage advice. I will have posted something similar also in the IVA section, but thougt I would also post (for the first time) in the mortgage section. ...... I had a lump sum IVA agreed and completed this year, a 12K lum sum for a total of ~£75k…
New to being self employed , single and mortgage advice . Help!
Hi all looking for some advice. I have been running a gymnastics / dance school for last two years whilst I was also working as a full time teacher . The business grew and this september I made the decision to go part time teaching . I D two days a week teaching and earn about £800 a month fro thos two days . I hadn't…
buy to let mortgages and consolidation loans
Hi . I have a rental property which has an endowment which will not pay off the mortgage in full. I need another mortgage to clear the shortfall of approx £25,000. I have decided to take this opportunity to pay off my credit cards as well and need to repay all within about 11 years when I will retire. My mortgage advisor…
Endowment Policy Bonus's
Why is it so difficult to find out endowment policy annual terminal and other bonus rates. Is there no obligation to make this public. The only information appears to be random newspaper articles. (Clerical Medical of particular interest web site of no help.)
extending current mortgage term on 1 income
we have a mortgage through lloyds tsb which has just under 19 years to pay, we've never missed a payment and have just finished a payment holiday as we'd over paid for a year. we're going through a financial sticky patch and only have one income, although not a huge monthly pay check we could cover the mortgage and live…
Minimum property value?
Is there a minimum value a property must have to be mortgageable? I saw a relatively nice mid-terrace house a few weeks ago on rightmove that went for £25000 and it got me thinking. Is there a minimum amount?
Mortgage Advice
Hello, I'm after some advice/opinions? I bought a house 2008 with my girlfriend. At the time a declaration of trust was drawn up to ring-fence my girlfriends capital contribution of £85k (40%) of the value of the house. Also the declaration said that I would solely pay the mortgage (something neither of us spotted at the…

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Mortgages & endowments

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