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Mortgage Query
Hi, I would like advice about getting a mortgage. I am currently living in a property worth £350k and have £190k left on the current mortgage. I also have about £150k in savings. I would like to move to a property worth £470000. I have a slightly complicated annual income of £16000 from a 0.5 FTE contract, from one…
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Fee free brokers?!? Any good ones?
Hi all, I'm hoping to remortgage and am looking for a fee free broker to limit what we pay out? Anybody used any and can recommend? Thanks in advance :j
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95% mortgage & help to buy
My fiance and I are looking at Help to buy next year. We will have a 5% deposit and looking at existing builds around £200k. I had a default on my account from 2008 which I disputed and was changed to arrangement to pay. It will be 6 years old in December. My question is will it still harm our chances if it's over six…
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Need advice re negative equity
We bought a house in northwest in June 2007 - we got 5 yr fixed rate (gutted we did that with glorious hindsight - not even in the buying just as we would have been at our low rate sooner and on a lower rate for those 2 yrs) at 6% on a 100% mortgage as we wanted to use cash for fees and furniture (bad I know). Anyway we…
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Offset mortgage - disadvantages?
If you can maintain savings greater than the break even amount, are there any disadvantages of an offset mortgage?
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Quitting job before mortgage completes
I'm in a bit of a sticky situation. My mortgage (in N. Ireland) was approved ages ago but is taking a long time to complete. I'm currently living in another country and had hoped to return to N Ireland to live by Christmas - for this to be the case I would have to hand in my notice by this Friday, and work out my notice…
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Solicitor knows our seller 'socially'
Hi, Me and my partner are first time buyers. We have mortgage approved everything ready to go, due to give cheque for search fees with our solicitor tomorrow. Today however I recieved a call from the estate agent stating the seller has requested we use his 'searches' to speed things up. Obviously I said I don't thnik we…
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Mortgage and Payday loans
Hello, Next year i am hopefully going to buy my first house. I wondered if anyone could tell me the extent of damage payday loans on my credit report will have. These are nearly all paid off and no new ones have been opened in a couple of months. I also wondered how long they will affect my chances for, i read on another…
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FTB Mortgage declined due to Undisclosed Credit and Conduct of Account
Hi, I am buying with a friend and we had a decision in principle accepted with Natwest, have paid alot of money towards our newbuild house and have just heard back we have been declined. Since the decision in principle my friends credit rating has gone up to above 800 into good and mine has been at excellent the whole…
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Staff rate mortgage
I have had a staff rate mortgage with Bank of Ireland for just over three years now. As it stands, it is broken in to two parts: Non-staff element: £91k @ 3.79% Staff element: £138k @ 4% On top of this, my tax code is reduced for benefit in kind. The Staff element is going to stay at 4% for the life of the loan (27 years…
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Offset Mortgages
Hi Everyone, Just wondering if anybody knew whether there is limits/caps that banks place on the amount which can be held in savings/current accounts in an offset mortgage. Say you need a £100k mortgage and you have £100k in savings, does this mean that no interest payments are due? Any advice here would be most…
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Top up or new product?
Hi All, Looking for some advice please, currently with Bank of Ireland through the Post Office, we are planning to up size in the near future and will be taking out some additional borrowing, our LTV will be 75%. My question is do I need to take the extra borrowing on one of their top up rates or can I apply for a new…
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Remortgage - but to whom?
My 2 year fixed rate is up at the end of the year, and I am looking to remortgage. I am looking at lifetime rates, as I want to avoid having to do this again in 2/3/5/10 years, and have narrowed it to two deals, but cannot decide Situation: LTV <40%, borrowing 2.7 time income, married but only me on mortgage/title deeds.…
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Fixed Rate - Mortgages has Increased
Hi There First post so go easy! I had a 10 year fixed rate mortgage with the Cheshire taken out 8 years ago. All happy etc when the Nationwide purchased the Cheshire approx 4 years ago. After about 2 years of ownership the Cheshire mortgages were all ported over to the Nationwide and we became official Nationwide customers…
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Changing mortgage provider
Hi All, Total muppet question for you clever types? I have had my mortgage with the same company for 20 years so not sure how to go about getting the best advice. I did buy a bigger house last year and had to take on a new mortgage for 12 years, I have been paying extra into this to bring the term down and I think it would…
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Loan to pay for a mortgage deposit
Hi everyone, I am pretty new to this and I need some advice which I hope you can help me with! I am a 23 year old in full time work earning £27k p/a, I am currently renting which is costing me upwards of £900 a month and therefore not enough money left at the end to save for a mortgage deposit. My current tenancy runs out…
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Best Mortgage to raise money for extension?
Hi, We are looking for advice on the best mortgage to raise additional money. We currently have about 30k equity in our house. We have plans to do an extension (add an additional bedroom, family room and bathroom), the quotes for this come in around 50k. We have spoken to our current lenders to ask for the additional money…
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Elderly mother and buying a house.
Hi, My father passed away leaving my elderly mother alone, they own their own home. My mother now has severe care needs so I had to rent out my home and move in with her, the house I own with my partner was too small to accommodate her. I gave up work for 6 months to provide her care needs and went back to work with carers…
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can you overpay tsb mortgage online
Hi all, if my flat purchase all goes to plan, i will be having a mortgage with TSB on a 2year fix basis and can over pay by 10% in a year. I am intending to overpay the mortgage gradually and can see from their site that you can either do this in lumps or on a regular basis. Looking at the mortgage offer they calculate…
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Back to supply or stay in temp contract
Hi all, Any advice on the following dilemma would be much appreciated. I supplied in primary schools daily from May - July to much success, was given a lot of work by just 1 agency. I accepted a post to start in Sept working with adults as I was told although it was only 10 weeks contract to begin with, there was the…
