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First Time Buyer 100% Mortgage
Hi everyone! I have a bit of a dilemma which I need some advice on - I'll try to be brief! Firstly a little bit of background... I have been living in a rented flat for the last 4 years and do not have any savings. I got in a bit of a pickle with a big overdraft and credit card bill but I am getting in control of budgeting…
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Poor credit mortgage
I am reading a lot in the papers currently about how difficult it is to get a mortgage. Especially for the sub-prime market. I have poor credit but earn around 60k so could save a good deposit quickly. What sort of deposit would I need to guarantee a mortgage even with poor credit? 15%? 20%? I have some debt but it is…
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To buy another property or not
I am hoping to buy a second property and need a little advice please. I am mortgage free and my current home is valued at £200K. I have left £1 in my mortgage account with the Dunfermline Building Society as they advised 2 years ago. Can anyone let me know if the BS will let me use the equity in my house to buy a second…
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Lloyds Tsb - Survey Fee
Hi Just a quick point i wish to make. I recently applied to Lloyds TSB for a remortgage through a broker. He went ahead and did al the forms etc and lloyds got a survey done and we had correspondance from their Solicitors re the mortgage. Time went by and we heard nothing then they asked for some more info and we heard…
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Stating credit cards for mortgage quote
I've done a bit of stoozing and put my car loan on an mbna credit card. I have the money in savings to pay it off but want to keep it in the savings to get the interest. Will this affect how much i can borrow even though i can pay it off? Should I pay it off now or just tell them i have no credit cards?
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Remortgage or Secured loan?
I own a flat that I've just started renting out and I'm currently living with my parents until I find somewhere else to buy. The flat currently has a fairly small repayment mortage on it, with more than 50% equity in it. For my next purchase I'm looking for around 40k for the deposit and any work that will need to be done…
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BBC Doumentary:Mortages & Repossession
We keen to talk to people who are struggling with their mortgage. We are making a sensitive, responsible documentary, which will form part of a BBC season about debt. We are keen to breakdown the stigma around debt and need to talk to people in your position. Ringing us does NOT mean you’ve agreed to be filmed. Please call…
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Mortgage 'transfer' Question
I'm going to need to call an FA or mortgage company but before I do I'd like to sort of know what I'm going on about. The situation is this: I have a property with a buy to let mortgage on it. I'm going to buy a new property to live in and want to get rid of the BTL property. I have an early repayment fee of £5,500 I would…
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Mortgage confusion
My fixed rate is due to expire in September so I am now in the process of arranging to renew it or move the mortgage. The mortgage is currently for £125,000 but I also have a £9,000 loan and was considering combining this with my mortgage. My salary is £27,500 and I have 24 years to run until I retire. The value of the…
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Length of time - Offer in principle to all tied up!
Hi there! We've just applied for a remortgage with the Nationwide (changing Lenders). We got an agreement in principle straight away, the vaulation was done 2 days later and we supplied all the docs on Saturday (payslips, P60 etc) Can anyone advise how long it is likely to take now to tie everything up? They haven't asked…
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HSBC variable mortgage
Does anyone know when the intrest goes onto this account. I want to over pay and just wondered if it was yearly or monthly? Cheers Adebisi
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Credit crunch affecting guarantor mortgages?
Hi, Me and my fiance hope to be FTBs sometime in the next 12m. (yes we are totally au fait with the current housing/mortgage etc situations thanks to this site, so no need to advise on that unless you really want to!). We'd initially hoped to buy this spring/summer but put it on hold to see what was going to happen. I'll…
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Worried
Hi, Just wanted to share my worries and ask for opinions. I purchased my lovely house last june and stupidly took out a two year fixed rate (wish it was longer). I took out a 95% mortgage and am now worried that when i come to remortgage next june I will be in negative equity and my mortgage payments will increase by alot.…
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Must I pay off my mortgage
Hi, If I was to sell my house, with a view to moving into rented accomodation. Do I have to use the money from the house sale to pay off my mortgage, or could I, for example, invest it somewhere for a year or so ? Thanks Lee
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Moving my mortgage
Hey guys, I'm a newbie looking for advice. I currently have a 86k mortgage with Northern Rock, paying about 7.48% which works out at roughly £750 per month. I'm looking to move my mortgage and just had a chat with Halifax - they have offered me a fixed rate of 7.24% which works out at £596 per month - its a lot lower but…
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Mortgage Advisor Help Please!!!
Hi Me and my wife have decided to buy after renting for several years. So we went to see a mortgage advisor who tried unsuccessfully to get us a 95% mortgage and said there was little else she could do, (not quite sure she was really that interested to be honest), however we have seen another advisor who has got us an…
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Mortgage charges
Could anyone tell me if I can claim back my charges on my mortgage for cancelling DD . I am also about one month in arrears which I am paying off a little each month but I am being charged £50 for late payment fee because I am still in arrears. The reason I was charged for cancelling my DD was because we didnt give enough…
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Best for interest only..
Hi Guys, My current deal ends on 30.09.2008. Im looking for an interest only mortgage for a year or so as my job looks to be changing as do our wages etc. (Im with Natwest and they can offer me £828pm for 2 years on tracker interest only....I think that's right) We need a mortgage for 157k over 35 years ish :eek: and…
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Fixed rate mortgages
Hi Ive been looking into remortgaging over the past week (as our 2 year fixed term is about to expire) and I think a fixed rate is the safest bet for me for the time being (Will be stretched as it is, so could do without my payments going up in a years time or so) Whats the best deals people have found lately (Ive tried…
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nationwide negotiable?
Hi all I have afew questions I hope someone can help me with We are currently trying to move, and have a fixed rate mortgage with nationwide for 10 years (8 years left), at 4.69%. When we move we want to take a second mortgage. 1. do we have to take the second mortgage with the same supplier, i.e. naitonwide (I know this…