I am earning under £35k. Which mortgage would be the best to go for?
124663
The Motley Fool has good advice about mortgages.\n\n\nhttp://www.fool.co.uk/?gclid=COP1ztChk4QCFUFREgodpGw90w
3880
Hi I'm looking to buy a place also. You are somewhat younger then me, I'm 25. I think that a house is always a sound investment for people who can stay in one place for a long time. I would suggest talking to a real estate broker about your finances. But the real question you should ask yourself is, “At this young age am I ready to stay in this home for at least 5 years?” If the answer is no then I would continue to rent.
89633
If your loan is only at 6% then you are doing REAL well.  That is a really terrific rate.  Dont go to those websites.  They just suck you dry and distribute money where THEY want to and its not always where it needs to be at, at the right time.  If you want to get your finances together just go to http://www.consumercreditcounceling.com and they will be able to help you a lot better.  Good luck.
418597
depending on how much you are borrowing they may just base an offer of a loan on your credit score(if its good all the better)\ncheck out \nnorthern rock \nthey have low rates \ntheres also tesco ,egg and loads more\nif its more than £5000 you shouldnt have to pay more than 5.5 to 6%\ninternet loan providers tend to have better rates than the high street so do a search on line and remember to read the small print!good luck
490736
If you think you Will be staying in NZ for good then sell your house in the UK.\n\nIf you're not sure yet just rent out your house in the UK and rent in NZ until you decide. Then If you don't want to stay in NZ you have a home to return to and dont have to rent in UK. If you decide you are staying in NZ sell UK house.\n\nDo you really want to extend your mortgage when you have already paid off so much? And do you really want 2 mortgages (1UK and 1NZ), what if you struggle to rent UK house at some point, how will you pay 2 mortgages? Also remember in most circumstances landlords are still expected to pay for maintenance/repairs etc.....\n\nAsk the same question on this website -\n//britishexpats.com/forum\nThere's a NZ section (just scroll down)!\n\nThere will be people on there that have "been there and done it" and will be able to advise you as to what they did/how they wished they had done it......\n\nGood luck x
105411
1) Loan to Value (LTV) - If you have excellent credit, you m,ay qualify for 100% financing if the property is to be your primary residence (not rental property). However, this also means that you are borrowing all you need and your payment will be higher. I recommend at least 5-8% down if you have some savings set aside.\n\n2) Value - try and get something in your price range. This sounds like common sense but you would be surprised. Price out your monthly loan payment options (but don't get an interest only loan just to afford it..that is never a good idea). Get you mortgage broker/lender to help you with this so that you can know in what price range to shop for....\n\n3) Expenses - Utilities are dependent on the condition of the property and your usage. But you do need to remember that you will have to pay annual real estate taxes and annual home-owner's insurance. These are conditions to your loan and you cannot get around it.
463143
try moneysupermarket .com or uswitch.com or moneysavingexpert.com any of these will allow you to compare mortgages or loans
180208
Oh!  Another dragonfly!\n\nNo I haven't used them, and yes, I'd be worried about all of that data because you don't want a bunch of bozos pulling your credit report and driving your credit score down.  I used CTX Mortgage and they were good.  They are their own lender so their margins are bigger than many banks because they are lending out their own money.  Or try www.naca.com if it's your first home.
507599
The best relative safe one that I have found is a Bond fund that Charles Schwab has--it currently pays 5.8%.  I have some funds in it and did a lot of checking before going in that direction.  Schwab is a good Co. to deal with --no conning or high-pressure.\nRemember the "rule of 72" says that your 5.8% compounded and reinvested will double in 12 and 1/2 years.
336372
Hi\n\nI've had a quick look round and they either say over 25 or you need at least 20% deposit.  (Not fair at all on the age thing)\n\nIt might be worth while trying a mortgage advisor in an estate agents.  These are usually free as they get commission on the mortgage if you choose to take one out through them.  If you have a branch of Connells by you, they offer the free service.\n\nSorry I can't offer any more advice.\n\nGood luck\n\nEdit:  I've found this company who will lend to over 21's.  Max LTV is 85%.  Could you get a loan to cover the remaining 4% deposit?  Not sure about the no proof of income though but might be worth a try.  Link below.
514421
yes, there are a few options you have with a credit score like that.  Also, depending on the price of the house you would like to buy, the interest rates can be fair, in the range of 6.25%~7.5% if you decided to go with an FHA loan.  If your debt is high, then you might be looking at a sub-prime loan where the interest rates begin in at about 8.5%+. any questions, you can email me
270085
The lowest rate on the market may not be the lowest rate available to you as what lenders will offer you depends on your personal circumstances. The lowest rate today may not be the one you get as interest rates are subject to change - go visit a couple of different brokers and get some illustrations of what is available to you based on your circumstances.
3302
The bank would much prefer you to make your payments compared to taking on a property.  Talk to them.  A lot of times they can work out a deal.
381918
I'd say the most important thing is to get any outstanding debts paid off first if you can.  That will then obviously reduce your total monthy payments and then may give you a change to get a mortgage with less monthly payments or one for more money.
394225
Apparently some mortgages are now based on affordability, ie you show them what all your outogings are and they assess what you could comfortably pay. So if you're single and don't have children, you might be given more. Also if you have no other debts this will help too.
538609
I cannot offer an answer for the first part of your mortgage,  most brokers will offer self cert as most mainstram lenders are now offering a self cert option via their specialist lending companies, which can cause consumer confusion as most are names which are not familiar to the lay person and only people working in the industry.  I know of a great 2 yr fixed with accord mortgages who is the specialist lender of Yorkshire Building Society - fixed for 2 yrs at 4.99% a prime product you could acheive approx 4.47% with nationwide (subject to conditins of course) so all in all compares quite well I think. Hope this helps with part of your question.
221968
Premium bonds are probably the safest way coz you're not gonna lose ur money and can get it back whenever you want.  And with £20,000 in you're likely to win pretty regularly.\n\nGood Luck!