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Consentr to Lease - what to do next???
Hi I am not sure what to do for the best so any advice would be welcome. I have a flat that I paid £88k in 2006 but is probably now worth only £80k. The current O/S mortgage is £76.5k as the mortgage is interest only. I have since moved into a house with my partner but as I couldn't afford to take a loss on the flat the…
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Mortgage overpayments...in the short term
Hi All I saw the recent episode of money saving all about mortgages and overpayments - I've done my calculations and looked everything up, and could save a considerable amount of interest, and time off my mortgage (hooray!) HOWEVER I just wondered how this works if I didn't play to stay in this house, with this mortgage…
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Joint mortgage; one income
Hello We're about to move house and are looking at what mortgages to go for. My husband works full time; I took redundancy last year while on maternity leave and am now at home looking after the children full time. I do also run my own kitchen table business but it's a negligible income (at the moment!). My credit score is…
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Mortgage Comparison Websites - what do you get
Saw this report http://www.bbc.co.uk/news/business-31110625 This report applies to energy and: The bosses of the price comparison sites were called in front of the committee to explain why they often hide the best deals from customers. Consumers who visit such sites are frequently directed to tariffs on which the website…
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4.5x salary for professional, with complications...
Hi all, I'm an academic who started this academic year (in Sept) and earn just under £40k. I have about £130/month in student loans. I'd like to get a mortgage for £180k or so, which is just over 4.5x salary. I know this sounds crazy, but... * As an academic I'm on a salary spine, so I'm looking at pay rises of about £1k…
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Examples of mortgage offers with adverse credit?
I'm not after advice. I've just had a half hour chat with the Adverse Credit team at London & Country who are now on the case for me. As ever, I'm not hopeful, even though they didn't explicitly say that I'll never get another mortgage again for as long as I live. Anyway. I was wondering (and looking for something to cheer…
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Overpayment Query
Hello, We are overpaying every month on our mortgage. I am trying to figure out which is better, to use the overpayment to reduce the term or use the overpayment to reduce the minimum monthly payment. As standard our provider changes the minimum monthly payment so effectively our overpayment increases each month. However,…
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Mortgage and existing personal loans
Hi all We are looking for a house and thus a mortgage, we have an existing personal loan and its monthly payment is app 8% of our take home pay. Calculators say we can borrow up to £271k based on our 65k joint salary however we are limiting ourselves to £160k (£144k mortgage and 10% deposit) so affordability is fine, after…
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Nationwide Mortgage Help
Hiya I'm just looking for some advice, I know I should ask Nationwide but cant get into the bank for an appointment until next Tuesday... We have sold our home and will be moving to a different property but will need to borrow more. We are still in our fixed rate so are looking to port our mortgage. On Nationwide's online…
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Acenden
Help. I have been offered a good mortgage by a company called Acenden, looking at the reviews in 2011 everybody hated them if they were in arrears, but what about now? I have no intentions of being in arrears, should I trust them?
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Lender Insisting they are noted on Buildings Insurance
Good Morning My mortgage lender has insisted that they are noted as an interested party on my buildings insurance. Can they do this? I have had the same mortgage for 10 years plus and to my shame had lazily always had my insurance via them, but with the help of this site I realised my costly error. I had my new policy…
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Trying to get a mortgage
I went to HSBC to try and borrow £60k and they said I would need to earn £15k per year which I earn less than. Anyone recommend me any banks that are willing to give me that type of mortgage? could be a fixed rate.
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Getting a mortgage after being away from the UK
I'll be coming back to the UK to live in the next 1-2 months, having been outside of the country for close to 7 years. During that time I kept myself on the election register and for the past three years I've been using a UK credit card to boost my credit rating. I posted last year that I'd be lucky enough to buy a house…
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mortgage rejection and withdrawal
On applying for a mortgage you usually have to answer the question ' have you ever had a mortgage application regected?'. Would you have to answer 'yes' if you had had a mortgage offer withdrawn? Is it the same thing? Thanks
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3 Year Plan, Buy to Lets and Re-mortgaging.. Help needed..
Hi Everyone, Just signed up and seen how useful this forum is.:) However I’m in need of some help regarding my current situation and my proposed 3 year plan. I currently live in my flat which I purchased for £102000 with an LTV of 85% 2 years ago. When I purchased the property I got a 3 year fixed mortgage which runs out…
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How to pay my mortgage off..
Any ideas please; I Have a part repayment mortgage which ends next month, along with an endowment mortgage for £31000 which runs until June 2015, and is looking at paying out around £23000. The b/s has said i could continue paying the interest only of £128 a month until the endowment comes out; i would still have to then…
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TSB mortgage. How long does offer last and daily interest?
We are interested in TSBs 10 year fix for a remortgage. I won't be able to call them for a few days to ask these questions, so wondered if anyone knew the answer? How long does the offer last when/if issued? Trying to tie it in with the ERC on our current mortgage. Is interest calculated daily as far as overpayments are…
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Please advise. Thanks
My daughter living at home etc has the chance of buying a property from a family member. The owner died, other family member, and there is at the moment outstanding on the deceaseds mortgage £95,000 approx. similar houses in the area are going for £135 000 plus. The family member for personal reasons is happy for my…
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repaying mortgage vs investment in buy to let
Hello, I am 27 years old and I have a repayment mortgage of £76,000 over 22 years. We inherited some money and have £40,000 available to invest. My dilemma is as we can afford our mortgage repayments whether to pay the £40k off our existing mortgage or buy an additional house to rent out with a £40k deposit deposit? :huh:
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Likelyhood of going to offer?
Evening, I have instructed a MB and he has recommended Halifax based on my previous adverse credit however I am very anxiously waiting to hear if it has been approved. AIP was given after MB has spoken with underwriter. Survey money was taken yesterday however I am in knots about this. Would anyone have any inclination of…
