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Better to keep interest only and save or switch to repayment
Hi there. We have £227,000 on interest only (to enable us to do the house up). We have 14 years left on the mortgage term and planned to switch to repayment in a couple of months. The rate is a lifetime tracker BBR plus 0.99% so currently very low payments. My question, is are we better to switch to repayment, or put the…
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What to do?
Hello, After waiting nearly 10years we have finally sold our house (subject to contract) for a small profit to move up the property ladder. Our plan is for hubby to leave his permenant job and start contracting as an ltd company again to raise more money as prices around here are just too high however, a house has just…
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How much?
Hi guys, just a quick question for you knowledgeable folks. With a combined income of around £42k, how much could potentially be borrowed?, there will be 1 loan for my girlfriends uni lpc course which is £15000 over 5 years that starts around August but otherwise no late payments, missed payments, defaults, ccjs etc? First…
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life insurance/mortage cover
im so confused with this and this may come across very stupid but what is the difference in terms of what each will cover? as in life insurance will cover mortage payments if i was off work ill? or will it not? same as mortage insurance does the above apply? im wanting one or the other but dont really understand the full…
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Help!! What documentation?
Hi everyone, We are going to the broker tomorrow to get our DIP (if we can find a mortgage company to accept us) Anyway as we have already put an offer in the vendor that we are purchasing from is eager to move we are also going to do our full application. Having followed this forum for a couple of weeks I have noticed…
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to overpay or not?
hi guys me and my better half have been in our house just over a year now,we are getting married in march 2016 and have the money to pay for this so we will not be in any debt.we both work but have a pretty low joint income compared to alot of people i belive but we are wanting some advice. we have our mortage through…
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Organising Finances for Remortgage
Hi heard lots of scare stories about new processes for remortgages, so with ours due later this year I want to make sure our banking is as "clean" as it needs to be for that purpose. Current situation as follows: Bank Account 1 - Salaries paid into here. We then transfer out monthly to other accounts, leaving £500 per…
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Remortgaging: additional deeds
Hi (excuse the username- it's very old and I'm no longer a FTB or worried!) My fixed deal is ending this year and since we last remortgaged we have purchased some land at the back of our house (3.5 acres)- cash purchase. When we get the house revalued as part of the mortgage we would like the land to be considered in the…
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Under 60 equity release
We have no mortgage on our house and were considering the possibility of releasing some equity to perhaps take on an investment property. Would we still need a deposit? The property would look to by would be approx a third of the value of our present property.i am 48 and hubby is 51.
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Halifax Mortgage DIP
I applied for a Halifax mortgage DIP via a countrywide broker yesterday but it came back to him not declined or allowed.The broker is going to ring Halifax on Monday to try to get it sorted for me. Is the quite normal as I thought you will normally get a yes or no for a DIP?
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Fixed rate mortgages falling towards 1%
[FONT="]HSBC will launch lowest ever t[FONT="]w[FONT="]o [/FONT][/FONT]year fixed-rate mortgage at [FONT="]1[/FONT].[FONT="]19[/FONT] per cent. The deal comes with a hefty £[FONT="]14[/FONT]99 fee and is available to borrowers with a 40 per cent deposit from Monday.[/FONT] Its obvious that this just…
