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Mortgages & endowments

Archives for December 2012

2nd property mortgage
i want to buy a flat in london, but unsure if any of the banks will give me a 2nd home mortgage, or worried that the down payment will be massive. anyone know of solid lenders who i might talk to. i am self employed, which may make it even more complex!
Fixed offset mortgage
Hello Could anybody suggest a competitive 3 or 5 year fixed offset mortgage with a LTV of about 60%. Thanks CroydeBay
By what legal authority can the banks demand repayment?
I have a point for discussion and will set out a scenario. My understanding is that the banks create money. For example, I get a mortgage from Bank A of #100k. They ensure they have about #2k to back it up, then magic up #100k to give to me whilst simultaneously creating #98k of new money and #100k of debt due to them via…
Second mortgage
Hi, I currently live in a home with a value of £130,000 and equity of £62,000. I would like to purchase a second property with a value of £130,000 and have a deposit of £25,000. I will let my first property out for £900 pcm. My current salary is £18k, my partner earns £28k but has a very very bad credit rating therefore…
Can I refinance my mortgage without a job?
Me and my wife are a little stumped. Has anyone here refinanced their mortgages without a job? If so what resources, advice or tips do you have? Thanks
Bad Credit Mortgages
Hi, I have two defaults on my credit file, one in 2007, one in 2009 which were both paid off in full in 2009. I am wondering whether I have any chance of getting a mortgage and if so, where I should even start looking. I have no debt at all anymore but only have approx. £4k of savings. Should I just forget the idea of ever…
Mortgage with arrangements to pay on credit file??
Morning After some more advice please :-) In the new year I need to move, I am considering a mortgage and have a deposit. I have had defaults in the past but these will have dropped off, I will be left with Arrangements to pay as the black marks. The account they were on was settled over a year ago, will this prevent me…
Mortgage renewal a d life changes
Hi all, Our mortgage is up for renewal in Sept 13 and already starting to prepar ourselves to ensure we are able to get the best deal if going from fixed rate to variable rate is not the best.... However we are expecting our first child in June and ideally we could do with a new car (to increase suitability for family life…
Interest Only Mortgage
Hi Guys, I have an interest only mortgage and I'm looking at savings plans to raise the capital in 20 years time. I've been looking at a regular long term savinings plan yileding 3% pa. Is this the best solution. Thanks in advance.
mortgage career - question
Hi guys, in the past I have had some excellent advice from here in particular from Holly and others! I have Just a quick question in regards to the industry in relation to the current economic climate.... Can money still be made in mortgage advising? I know it's not like it used to be. But with about a year experience,…
Mortgage with old default
Hi, I am looking for advice on buying a home. I have 2 defaults from 2007 totaling £5000 from when i was a student. I am not asked or threatened about these anymore but they show up on my credit report. I have been perfect for 3 years and rented privatly for 5 years and never missed rent payment. We have a 20% deposit on a…
Buy to let mortgage
I want to move location (London) and have been offered a better job, but it is a one-year contract job. After this ends I will need to start job hunting for a permanent position. I need to re-arrange my mortgage to a buy-to-let so I can rent it out or I can commute into London. Will I be allowed a buy-to-let mortgage if I…
Help - First time buyers
Greetings all. Myself and my Wife have found a new build property we wish to buy. We are both young, and have taken 2 years to save the £13,000 deposit. We have visited a broker that has shown us a great deal that we can afford. We now wish to "negotiate" a deal with the builder. The property is up at £135,000 in Mid…
Adult kids buying into equity of our house?
We find ourselves in our late 50s with two houses and two mortgages - not ideal, but the down side risk is covered. We have about 70% equity in House A, and a repayment mortgage on the other 30% that will be cleared in 15 years. The rental more than covers the mortgage payments. We live in House B, having inherited about…
offset mortgage
Ok I am well confused,We have an offset mortgage with 8 years left to run,we originally borrowed £66k which is now down to £62K as we have been overpaying,as well as offsetting,it is at 3% and the interest has been £166.06 since it went to 3% in 2009.I keep getting letters saying we have saved £400 odd by off setting,where…
extreme frugality till mortgage debt is gone ..three years to go!
im on a journey for three years starting today to get rid of £90 k of mortgage debt...:eek: so only buying whts needed and then only if i havent got anything i can replace it with at home..slashing the food etc bill to £200 per month for five of us to make all presents, i have a large fabric , wool, embroidery stock…
need an experienced person advice
i am 24 year old, thinking of buying a terrace house here in NI in a small town. looked at the prices, they are arround £40k i have over 50% of savings, and thinking to pay 50%as deposit and the rest repay in 5 years what most economic way is in my situation? my income is £14K gross i just checked on comparison sites what…
Is this possible
I want to buy a house this year and have a query, my bank will give up to £130k mortgage, I have a little money saved up for fees etc but as for a deposit that would take me 5+ years to save up Is it possible to take out a small loan for say 5/10% or what ever they ask for and if I say find a house for £90k, use some of…
Right to Buy flat in Towerblock
Hello I am considering buying my housing association flat for £13,500. Market value £37,500. I would like a mortgage of £10,000 for 5 years and am 66yrs old. Am I likely to get one? Reasonable income, no debts and good credit history. Regards Alan
Getting out of joint mortgage.
Hey guys. Am new here, so please go easy on me if i'm doing anything wrong. In june 2010 myself and my best mate decided to go in together, for various reasons, to buy a house. I told him last month that at the end of the 2 year mortgage deal that we got, i will be moving on. To be honest, i am actually fed up here and…

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