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change of parties - ?
Hey. I was wondering if someone could give me some advice as to what I need to contend with in relation to arranging to remove my ex partner from the deeds. I've got the initial form off the mortgage lender & I've contacted various solicitors & I seem to be getting conflicting advice. I've also checked the net but I can't…
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Selling endowments?
Probably an obvious question to most of you but not to me! How do I go about finding out how much my endowments are worth if I sell them? I have three of them and am getting very concerned about their shortfall.
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Mortage for high salary, but ex bankrupt
Hi Wondering if anyone can give some advice. Partner and I are looking for joint mortage. It is my first buy. He had a mortage and paid it off 7/8 years ago ( he used to earn a lot) but then went bankrupt 4 years ago. The bankruptcy was for tax and he did not default on mortage or have house repossesed. We have rented for…
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mortgages based on valuation
I have been offered a property for 80% of market value if I can complete within 6 weeks. I have checked out with the land registry and local agents what the typical price is for this property on this street and the discount is genuine. Which mortgage lenders will lend based on valuation and not on exchange price? thanks
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How could they ever find out..?
If I changed my residential mortgage to a buy to let mortgage on a property where my mother lives, and didn't disclose she was a relative as she has a different name, how could they ever find out..? And what is the worst that could happen if they did? Surely all they care about is the repayments..? :confused:
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Halifax mortgage due to end Nov 05
3 year Halifax mortgage for 47k about to end. :D with a nice low rate of 3.99 I am considering selling next year as my 3 year ends with the council ( If I sell now I have to pay them 7k back) Houses like mine are selling for 100k this year. Would it be better to take an interest only mortgage for a year or see what Halifax…
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endowment policy
my parents have an endowment policy that is due to mature next year, the company they have it with are saying its worth £9500 know and when they took the policy out they were told it would be worth £12k, they are wondering if it is worth cashing it in know with a companys who purchase these policys early or to hold off and…
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Remortgage
Hello I am looking for a mortgage broker who can help with ou remortgage - we are currently on a tracker on interest onlyh with IF and want to release capital. We have spoken to them and they have said they could only offer us an extra £9k, but we have a mortgage of £81k and they only value our property at £96k. Other…
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help/advice with maybe changing mortage ?
hi, we have had a mortgage for 3yrs now, fistly with halifax on some 1st time buyer discount rate, now with alliance and lester (sorry for spelling) on the variable rate. we are 'tied' into this 'deal' till jan....what do we do then?? we had amrtgage advisor the first and 2nd time but they are charging £100 a go now, which…
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95% mortgage question
Friend has asked my advice on the following, but wanted to bow to the superior knowledge of (some of) the board to make sure on this: FTB and has seen house on market for £120K, which given location, state of house etc is below market value, but vendor is emigrating so wants shot of it ASAP and has agreed to take £112K for…
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Offset Mortgages and Northern Rock
I recently remortgaged and went for an offset as I currently have signiifcant savings (not sure it will last, so wanted the flexibility of the offset). I created a spreadsheet of the costs over a 5 year period, comparing all offset providers and my flexible mortgage with Nationwide. First point is that there is a big…
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2nd mortgage
I have recently separated from my wife whom i currenlty have a joint mortgage with. I am happy with the way things are with regards the mortgage in that we are paying half each and it is not that high. What I am hoping to do while we are taking a break is to purchase another smaller property to live in rather than move in…
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What is best way to fund overseas property?
:confused: Hi there. My wife and myself are very keen to buy overseas, to be precise in Lanzarote. We have temporarily lived there previously, but only rented. We are both in full time work and have a joint income of £50k. We have a mortgage on our house to the value of about £80k. The house is worth around £130k. The…
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Bigger House - Changing Mortgage
I bought my house for 47k 3 years ago. Its worth about 70k today. I have seen a house for sale at 140k, on my current mortgage (repayment mortgage) it would be too costly at around £750 per month. Now, somebody I know told me to change to an interest only mortgage. So far is this feasiible? To make things more confusing, I…
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Q for FOSman and DunstonH...and all
Hi We bought an endowment back in 1998. When the adviser visited us, we produced all the required payslips and mortgage statements etc, and the adviser completed the fact-find on a computer, quickly scrolled through the computer pages and then printed out a sheet for us to sign. Having physically given the advser all the…
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How do i know if i was mis sold my endowment?
Hi there, i pay £55 to my endowmrnt each month and have done since it wa taken out with Halifax in 1998. I remember receiving a letter a while back saying that there was a possibility my endowment wouldn't cover the mortgage and so i should consider making extra payments or increase my monthly amount. i did neither. and i…
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Million Pound Question - Next direction of Interest Rates?
After seeing GDP today come in at a dissapointing 0.5%, this must be puting downward pressure on interest rates. This compares to the inflationary pressures that are implying upward pressure. Which one will win? Am looking at 10 year fix rate mortgages and wonder if I would be making a mistake and whether swap rates may…
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Best way to remortgage 2 properties.
I have 2 properties both with mortgages of approx 1/2 their value, not tied to either. I was thinking of putting both mortgages onto one house. Planning on keeping both properties for forseeable future. I plan to rent one out. Is it better to keep this one mortgage free? Should I just think about the cheapest option. One…
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How do I find out how overpaying would affect our mortg?
Hi, Our A & L flexible mortgage accepts overpayments - A & L have told us that if we overpay by £500 a month then the overpayment would be calculated on a daily basis. Is there a formula where we could work out how much our capital amount would decrease by, say over 12 months with these overpayments?
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100% self cert morgage?
Me & my wife are looking for a 100% self cert mortgage, we do not have proof of our income but we do know there are companies out there who will entertain us, we just can't find them, any recommendations?
