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Mortgage nightmare - No proof of income for my partner
Our situation is awkward - we are very interested in purchasing a 50% share in a shared ownership property to the value of £61,500 (half the value of the property). Myself and my partner were both made redundant some months ago, and although I now have proof of earnings since March, my partner has been freelancing (with…
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Interest rates down but my payment has gone up
Hi There I just recieved a letter from Halifax saying the interest rate has been cut and that I will have a new monthly payment of £320.57 BUT I have a fixed mortgage so this shouldn't move should it ? on top of that it's £5 MORE than my current payment whats going on ? I'm at work so I can't call them so my wife has and…
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Removing name from mortgage
My Father died recently, and his name was on the mortgage with my mother and my brother so 3 in all. We were wondering how we would fair out with my dad's name being removed. House is worth approx 250k Would their be any charges?
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Buy to let
Hello, Can anyone please tell me what will happen if I tell my mortgage company that I am letting the property or am going to let? I am in a situation where I want to remortgage a house which i used to live in and am now renting out since 6 months ago. I now live somewhere else. When I went to remortgage the first house…
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Buy to Let Mortgage
Can you help please. I have been trawling the web looking for a 2-3 year fixed rate buy to let mortgage no tie ins after the fixed 2-3 year period. The Broker sites want to charge 1.5% fee on top of mortgage fee. Just thought I would ask does anyone know of a good buy to let deal 4.?% instead of me trawling through the…
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Endowment Sale
can anyone recommend a company to sell my endowment to?
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What earnings will counts towards a mortgage?
Hello, We have decided that in the next year my girlfriend and i are going to buy a property together. I am teacher with earnings of £21000 and she is a PHD student. She receives a £12000 tax free bursary. I am also in the Territorial Army and earn a minimum of £3000 a year from this. What I'm would like information on…
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Joint mortgage now debt free ...
To try to cut a long story short ... my partner was in debt to the tune of approx £30k when he left his wife 5 years ago. He met me, I made him sell the house (with her in it), contact every company and agree a final amount to pay. He paid everything with the profit from the house, her debts, his debts and joint ones too.…
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Adding Partner onto My Mortgage
Hi, I want to get my partner added onto my existing mortgage i.e. make it a joint mortgage. Please can someone tell me what's involved in doing this, I believe a solicitor is needed but how much is it likely to cost. Thanks for any help. :)
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ellie reviewing my mortgage
We have been offered a stepped mortgage by northern rock 1st year 4.19% 2nd year 4.99% then 18 months back to variable rate . you pay £945 fees but receive £1000 cashback which would tie you in for the 3yrs 6months. Seems like a good deal as we are on a 6.59% variable mortgage at present but only have 5yrs 2months left for…
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Best interest only mortgage
Hi, Buying a property abroad, need to borrow about £50K, on a interest only mortgage, can anybody advise me on best deal around at the moment. Thanks very much.
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Best interest only mortgage
Hi, Buying a property abroad, need to borrow about £50K, on a interest only mortgage, can anybody advise me on best deal around at the moment. Thanks very much.
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Moving to Alliance & Leicester Base Rate Tracker
Hi All, My discounted rate mortgage with A&L is due to end at 31st Aug 05 when it will move to the fully flexible Base Rate Tracker (currently 5.25%). Situation is that we want to pay some of the balance of the mortgage off, as as this product is fully flexible, this should be possible (A&L have been able to tell us this).…
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Alliance & Leicester - Telegraphic Transfer
Want to have a quick moan about the above, not sure if it's just the A&L, but our Solicitor seems to think it's odd. Due to complete on the 30th of this month, and the Solicitor has just rung to say that the A&L will only send the funds via TT and not BACS. They will also only guarentee that the funds are there by close of…
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refused endowment compensation - help!!
could someone please give me some advice on the following. we were sold an endowment through our solicitors who, after receiving our recent letter of complaint, say they wont pay out because it says in their files that we were happy with standard life as they were a strong company with excellent performance; that we…
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where to save my house deposit
I am selling my house and haven't found another one to buy yet. I am thinking of renting until I find the home I want. Where can I put my deposit money (around £180,000) to optimise the interest rate but still use the interest to pay monthly rent?
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100%+5 times salary=crazy?
I know, I know...even entertaining the thought of a 100% mortgage as well as 5 times salary is absolutely mad and I can guess the reaction I will get to this. Although I earn approx £30k per year, the average house price where I live as well as surrounding areas are around £174,000...way out of my price range and always…
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Can Savings Influence Lending Amount?
Hi, I might go back to full time study at some point within the next few years, which would make our joint mortgage totally reliant on my partner's earnings. We are careful spenders so I'm sure this won't be a problem. However our mortgage of 95k outstanding is based on both our incomes, and if I were to not work we would…
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Alliance and Leicester tracker mortgage
Martin / All this could be a bit long winded but if you can bear it please try and stick with me your independant opinions are of great value to me. December last year I took a £120,000 interest only tracker mortgage at .11 below the BoE rate with A&L which by the time my statement arrived in January had increased by £32…
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1st time buyer, large debt & inheritance!!
Hello Please can I have some advice. My partner and I have approx 20k of unsecured debt between us, spread over loans, credit cards and student accounts. We are getting married next year and my partner's parents have told us that an older member of the family has invested money into a policy of some sort and wants to help…
