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Mortgage v take home pay
Having to move soon due to growing family and trying to work out how much house we can afford (we have a decent deposit, so the bank are willing to lend us more than we are comfortabe spending). Interested to know what percentage of take-home pay people spend on mortgage payments ONLY(excluding insurances etc). Doing some…
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Interest
I have remortgaged from the Skipton BS. I settled mortgage on the 1/7/08. I have not a settlement statement and rang them so see what the £450 difference was to the figure on my credit history. They told me it was and exit fee and the rest was interest for the whole of July. Additionally they have took the July payment…
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Another first timer
Before I really start, I should point out that for personal reasons I do have to move out from my current home (parents) so the option on waiting 3+ months isn’t there. Me and my girlfriend have just had an offer accepted on a house in North Wales. agreed at 140,000. It is ideal for us, and is ready to move into, the…
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Mortgage with CCJ's\Contractor Mortgage..
Hi, I am an IT Contractor billing at 180 per day rough income per annum is £43,200 and my fiances is £18,000 and she is a permie. We have found a property valued at £195,000 and have the necessary £19,000 deposit and money for fees and so forth put away ready. The problem I have is that I have a shocking credit history, I…
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One Year Fixed Rate Mortgage
We currently have 2 mortgages on our house as we had some bad advice and got tied in for 2 years only to move a year later and have to take out another mortage. Now we want to have just one mortgage but cannot put them both together until next July. Would you advise taking out a one year fixed or leaving the current…
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Problem with looking for another lender
Hi all, I've been lurking for a while in this forum with the intention of seeking advice with my current situation. I am currently with natwest and although i took a 2 yr fixed rate, my deal (4.69%) finishes 2 months early in 31 Jul. Effective Aug 1, my interest rates goes up to 6.89%. I've done a search and ended up with…
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unable to take on morgage
Hi, Can anybody help. I split of from my boyfriend ten months ago. We own a house together but have struggled to sell it in the current climate. Both of us have tried to go to our current morgage provider to take the house on alone. They have turned us both down. I can afford the morgage but have an adversie credit due to…
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when applying for a mortgage do you think your valuation has any effect on the survey
For example, we have given an estimated value of 130k, I would assume the surveyors will be told this, so do you think they just do a bit of research and a quick drive by and probably assume you have overvalued your property by x amount or x %? I have heard that many valuations are coming in low at the moment, so we are…
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Endowment matures in October - Cash in now?
Hi, I have a Legal and General 'With Profits' endowment policy which is maturing, after 25 long years, on 1st October. My last statement for this policy placed a value on the policy of £15,759.90, with a final bonus rate of 108% on existing bonuses of £6283.90, giving a projected payout of £22,546.51 (Mortgage to be repaid…
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First Time Buyer Help Please :)
Hi My partner and I are a year out of university and are both on good salaries and have saved up £12000 to put down as a deposit on a house. We have saw a house we like and put in a verbal offer for 120k (it was offers over £112500, we offered £115 which got knocked back and also £117 qhich got knocked back) which has been…
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Help with my finances (Mortgage, Life Insurance Related)
Not really sure where to post (lame first timer sorry) as this question sort of covers two sections but probably best here In November 2006 myself and partner purchased our first house. As silly as it sounds it could have been classed as an impulse buy (her friend had been selling the house for ages with no interest, we…
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abbey mortgage is wrong
can anyone help me im in a pickle! my mortgage is a 5 year deal, i got it in june 2007, the first year is on a cheap 3.99% deal and goes up by £180 after a year, which is now. i phoned abbey to confirm its going up and they said my rate goes up in 2009! yippee i thought - £180 for me, maybe i mis read the original…
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FTB - Deposit Advice Needed Please
My hubby and I are beginning to look at buying our first house. Halifax have told us they will give us the amount we need - £140k. I based this on having a deposit of £10k which we would have had in the form of inheritance. This inheritance now looks like it will take at least another 6 months to happen (great uncle died…
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Remortgaging to take 10% deposit out of house?
Hi everyone, We are currently with Alliance and Leicester with our mortgage of 95'000 with a 10% deposit in a home that is valued 110'000. I wanted to know whether it is possible to remortgage to take out the 10% deposit? My partner would not be able to remortgage by herself, because she is only on 21'000pa. However I'm…
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Can I buy her share out?
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banks backing out at last minute
Are they allowed to do this? TWICE now we've had a mortgage agreed in principle and then rejected at the last minute. First time it happened with Abbey National. They agreed it. We put in an offer and had it accepted. They then turned around at the last minute and said that they would give us a mortgage but at a higher…
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Another one bites the dust
Company I work for has gone into administration. Still, at least it's a sunny day to be made redundant on!
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Property deeds
My parents have recently paid off their mortgage and the bank has returned all the property deeds etc to them. They have read somewhere that they should register the title with the Land Registry now they are mortgage free. Can anyone give any guidance on the procedure and if this is necessary? (they bought the house in…
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When is the best time to remortgage?
We have a £78000 mortgage. £200k property. Fixed rate of 4.99% with NW ending Nov 2008. When would be the best time to consider reserving a product?
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Joint Mortgages and retirement ages
We have a joint (husband and wife) mortgage with A+L with a deal ending Sept 30th, so I'm looking for a new deal. I fancied the HSBC lifetime tracker, so went onto their web site and got an AIP. I'm 50 next December and my wife was 55 in May. Our current mortgage has 15 years to run, i.e. until I'm 64 and my wife is 70. My…