Find the Best Mortgage: Article Discussion Area

mac24

Am I missing something?

Why not just pay the 25k. Have 175k savings,and forget about the 10 year ball and chain.

kingstreet

If you want help with a particular situation, please create your own thread so it will be easier for you to find it later for updates and replies. This is a four year old thread about an article.

alibalibee_4

WOW only a £25k mortgage. I wouldn't bother with a mortgage and go for 0% interest credit cards that you can transfer money to your account to get the £25k, then you are paying back interest free. Every 20 months or so change to another interest free card till paid off

What a great position to be in

Good luck

marillion777chris

Hi We are looking for a bit of advice on our mortgage. We still owe £52,000 on our mortage and still have over 15 years left to pay it off. At the moment we are with Abbey national and are paying £380 a month. We are looking to reduce the number of years left on our mortgage as we are in our 40's, yet still keep the repayments low.
Can you helps please

Thrugelmir

marillion777chris wrote: »

Hi We are looking for a bit of advice on our mortgage. We still owe £52,000 on our mortage and still have over 15 years left to pay it off. At the moment we are with Abbey national and are paying £380 a month. We are looking to reduce the number of years left on our mortgage as we are in our 40's, yet still keep the repayments low.
Can you helps please

Hi,

Best to start your own thread. That way you'll receive a better response.

T.

SundAdvc

Hello

I am professional working on work permit in UK.
I have been in UK for more than 2.5 yrs in total.
I looking for a mortgage for property in UK but the two bank I approached ( HSBC and Nationwide) give mortgage to permanent residents holder only.

Can some one advice lenders ,offering mortgage to work permit holders in UK.I am ready to put a deposit of 20-25 %.
Thanks in advance.

spnoe

I am a retired man of 63 and my wife is 70. We have lived in Spain for the past ten years but would now like to purchase a bungalow in the UK. We have a deposit of 100,000, have a house in the UK that we rent to a relative and can not sell this at present. We also own three small houses in Spain; one we live in and the other two we rent.
Our problem is that given the current economic state in Spain it is very difficult to sell houses unless you almost give them away. So you will see that our money is tired up in property but is not obtainable at present.

Could I obtain a mortgage at my and my wife's age, if so what type would be more beneficial and or are there other ways of raising money which are tired to the houses?

Any advice or information is most welcomed.

Steve

Blue_dub

Hi,

We're living in the US at the moment on a 3 year work visa that my husband has with the multinational firm he works for. He is paid in the US.

We want to buy a house in the UK come back to. Any ideas on a good way to to get a mortgage with a good LTV ratio. We ideally are looking to borrow about 280000 with a 10% deposit (house we are looking at is 310k)

Any help or advice appreciated.

Thanks

Titanium

I have used two websites to find mortgages:

Money Advice Service (Government Funded)
www dot moneyadviceservice dot org dot uk/en/articles/mortgages

and

www dot money dot co dot uk/mortgages.htm

(Sorry system won't allow me to post URLs!)

(claims that no other sources compares as many mortgages as they do)

I found the latter more comprehensive and easier to filter for what exactly you are looking for.

Watch out for the few 'promoted' ones and scroll down to 'Full Results' to see what are the best deals. The filters are quite handy such as Buy To Let 85%, LTV 90%, etc etc.

Look for the hefty application fees on APR column which you need to hover your mouse over the dots to see what are their fees (can be as much as 2-3% of what you are borrowing!) so my advice is to skip them even if their interest rates are attractive.

I wonder if Which Mortgage Service compares more mortgages than Money website. If you know what you are doing and have reasonable knowledge of how mortgages work, Money website is an excellent source IMO.

BOFFA

My daughter has been separated from her partner for 18months. The mortgage is in joint names. He, understandably, wants off the mortgage but even though she has always paid the mortgage from her account and never missed a payment, she has been turned down by her current lender & by the Halifax to have a sole mortgage.

She is a single mum who works part-time and receives FTC to help her income. On paper her income & expenditure gives her an affordable lifestyle with a little left over each month for emergencies.

Is it really so impossible for her to get a mortgage?
Should she be looking at advise for a first mortgage or a remortgage?