Mortgages & endowments

Archives for September 2013

FTB Seeking Advice
Hi there, My husband and I are first time buyers who are seeking advice on the best way of securing a mortgage. We have a £25k deposit, and joint incomes (not self-employed) of approximately £70k. We have both been in our current jobs for 5+ years and have no outstanding debt. Our circumstances are probably fairly…
MG good for me
Am I the only person that thinks this is a good idea? Maybe I'm being shortsighted, maybe I'm being selfish in that I'm not looking ahead to the next x amount of years at the housing market and I'm just thinking about myself getting on the housing ladder. But it's true, I admit it. I am just thinking about myself and I…
Paying off 30k from our mortgage
Hi, we have been left some money from my nana when she passed away and want to pay 30k off our mortgage. Our mortgage is £134,000 which we have 21 years left on, it is currently not fixed as we have just come out of our fixed term a few months ago. We pay £741 a month My question is what will paying that amount off do?…
Worries about getting a first mortgage...
Hi guys. Just want some advice please. My wife and I have seen a house for £163,000 and are looking at what is best to do next. We have a 10% deposit. I earn £40,000 per yr and my wife earns £9000. I have a good credit score of 936 with no defaults etc and my wife has a similar rating. We have some debt, I have a car loan…
Mortgage Works
Hello Guys, I was wondering, if any of you had any experience with Buy to Let lender called " The Mortgage Works" I made an application via broker in mid July 2013 and to be honest with you the mortgage offer is yet to made. Although they done survey pretty much straightaway. They then asked the proof of deposit which we…
Super simple mortgage repayment calculator
Evening All, New to the forum so "Hi" and hope you're all having a good weekend. Having just received my annual mortgage statement and in the usual dismay I wanted find out what would happen if I overpaid my mortgage, how much I would save and how quickly I would save it! ;-) Long story short is one of the things I wanted…
Advice Needed on Help To Buy
Hello, Am interested in availing the Help To Buy scheme for new homes, but not sure if I am eligible? Basically, I have moved to the UK from Asia and have been here for the past 4 years and working with a multi national on a Tier 2 Sponsored visa. Does anyone in this forum know the exact rules of eligibility? Or, are in a…
Self-employed mortgage Retained profit question
Hi, If I want to secure a mortgage based on a mixture of salary/dividends/retained income are mainstream lenders out of the question? Particularly Halifax? And how easy/hard are these to secure with say 10% deposit? Thanks.
Salary sacrifice and mortgages
I'm interested in feedback from other users who have/applied for mortgages with a salary sacrifice. I work in the public sector and lease a car through work via salary sacrifice which reduces how much tax/NI I pay. My partner and I are looking at buying a house and we're getting conflicting advice as to whether mortgage…
Delayed payment of matured endowment
Having changed from a 100% endowment to a 50% repayment many years ago we have been looking forward to our main endowment policy maturing. We received a letter from the Prudential advising us of the maturity amount and that they were contacting the C&G to arrange payment. Having moved from the C&G about 20 years ago I…
Paying tax on surrendered endownment
Back in the early 1990s we took out endowments to cover the mortgages on our 1st, 2nd and 3rd houses. Further down the line in 2003, we were financially able to convert our latest mortgage to largely repayment and, as our endowments were failing to cover even a small portion of the mortgage at this time, we surrendered two…
CCJ and a mortgage
Right been looking all over for the right advice and just cant find it anywhere and was hoping someone on here could help. I have a CCJ against me, and to be honest a very poor credit rating all because of a few mistakes when i was younger. The question is, is im a first time buyer and wanted to know if it was possible at…
House prices and mortgage interest rates
Hi all, I have a mortgage which my partner and I purchased 2 years ago. The fixed interest rate deal at that time was appealing, it was 4.7% making it affordable and we knew what we were paying every month - which, in uncertain times was comforting. Unfortunately, neither me or my partner know very much about the economy…
Property repair cost and my right
Good evening to everyone, I am a leaseholder of a top floor apartment in Northamptonshire. I bought the property back in December 2009. Four months later, I noted an area of moisture (about 20 cm in diameter) of the part of the wall of my en suite where it meets the shower tray. I reported this immediately to the…
MSE News: Q&A: Help to Buy 95% mortgages launch brought forward by Government
"There could be an uplift in the number of mortgages available for borrowers with small deposits as the Government will bring in the second part of its Help to Buy scheme three months early ...." Read the full story: Q&A: Help to Buy 95% mortgages launch brought forward by Government Click reply below to discuss. If you…
Max ltv for a buy to let mortgage
I have a mortgage free flat that is let and now i want some money out! If the flat is worth £100,000 and is let, would it be likely to be able to extract £60,000 from a remortgage? Ideally I would like to take out £80,000 but I am guessing this would be a struggle ?! Thanks people
Mortgage offer from current lender- credit score?
Hi All, I always get a bit confused by mortgages, I have to admit. I have had a mortgage with the Halifax since 2004, and have always stayed with them, whenever the 'deals' come to an end. My question is- when my current deal ends (in roughly 6 months time), do they do any kind of credit scoring, or anything else before…
Right To Buy With A Guarantor??
Hi, I wonder if anyone can shed a little light on this for me as I currently keep hitting a brick wall. I have been offered my property with £75,000 discount. I need a mortgage of £135,000. My wage alone is not going to be sufficient however my dad is happy to be a guarantor. He is not on my tenancy. So I need the mortgage…
Mortgage Application Issue
Hi everybody I'm a regular lurker and user on MSE and often come here for advice but I can't find my current problem I want to apply for a mortgage (maybe using the Help to Buy scheme) and have been saving up for a while. Stupidly, I never paid back my student loans, through a combination of moving house a few times and…
the grandmother conundrum - any ideas?
some years ago i bought a flat with a large deposit. I then moved to the US so decided to rent the flat out to my grandmother. I have now moved back to the uk and am in the rather ludicrous position of owning a property that i rent to my grandmother, while i rent ten miles down the road. I would like to buy a property for…

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Mortgages & endowments

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