-
northern rock together mortgage
hi all newbie here,i currently have a northern rock together mortgage and me and my partner have decided to sell our 1 bed flat and ger a bigger place,anyway does anybody know when we sell and pay the mortgage back do we have to pay the unsecured loan part back or can we just keep it and pay back as a loan as we was…
-
Endowment selling
Can anyone give advice? I have a £40'000 mortgage, with endowment designed to pay said amount, paying £101.77 each month since Aug 98. I have claimed compensation through a claims firm for mis-selling, their fee being 20% of claim value. I have been offered £10'221 from insurance firm, but this involves surendering policy,…
-
Mortgage arrears - charges
About 4 years ago I was in real trouble and got behind with my mortgage. Fortunately I've steadied the ship since and have been chipping away at the arrears. I'm with the Bradford and Bingley who I believe are now a bank. For the last 4 years they have been charging me £25 a month for the privilege of their "Administration…
-
Parents Finances
Hello All, I am currently trying to sort out my parents poor finance problem. They live in thier own house but still owe £18k on the mortgage of which they are only repaying interest only. Their sole income is from my fathers state and small private pension. My parents have never claimed any assistance of any kind and my…
-
Mortgage lent by family member - advice
I am enquiring on behalf of my Mother In Law (MIL). Over 20 years ago my FIL & MIL purchased a house for his Mother to live in with her Husband. A lump sum of money was lent on a mortgage by the Mother to her Son at 0% interest to help purchase there home, the remaining amount was found by her Son on a personal Mortgage.…
-
Gifted Deposits
Can someone tell me how this works? I know its when the seller gives you money, generally as an incentive to buy their house, but how exactly would it work? Would they have to actually give the buyer the money in cash/cheque form?
-
High Product Fee!
Hi all, just would like to pick some brains! Just had a mortgage review from northern rock. They are offering a fixed 4.96% for 18 months on a £130,000 over 25yrs. However, product fee is £3922 (not inc £299 for additional borrowing and £295 review fee) which will all be added to mortgage so total to pay would be £135,000…
-
Moneybackmortgages
Hello I'd just like to warn anyone who intends to use moneybackmortgages.com. Please make sure they pay you the 50% comission they promise and not anything less. When I received the cheque it fell short of what I was expecting. They also sent a statement and I pointed out that the figures were incorrect - only then did…
-
havent a clue
am looking at shared ownership property,am waiting on advice from not whole of market broker, ninety five pound fee on completion plus procuration !!also i have poor credit history,should i look at other brokers.
-
Stressed out FTB waiting for offer from Abbey
Just want to share my experience just now whilst im waiting for an offer. Well i applied for a mortgage and got an AIP. I was interested in a property that was going at a local auction. Well i won the property at auction on the 7th Feb. The small print says that date of completion is 3 weeks from auction (28th feb). I…
-
Advice please....
Hello All, just after some advise if poss, does an agreement in principle mean a lender has performed a credit score and decided they would be happy to lend to us up to the specified amount or can the lender turn around upon application and decline the mortgage?? The reason I ask is my partner and I were give a AIP by…
-
Class C Mundic Mortgage?
Hi all, We have seen a property which is going to auction and has just come back with a Class C mundic report which I am told is not mortgage-able. We have been told that you might be able to get a Self Build mortgage to renovate it by taking down the concrete and replacing it but are not sure if they would lend on it. The…
-
Keep or Surrender Endowment - Please Help!
I would really appreciate it if anyone could give me any advice regarding our endowment policies. The situation is as follows:- Endowment Mortgate £40,000 with Scottish Widows. Maturity date 2013. Surrender value £18,216.00. Projected figures 4% £28,000.00, 6% £31,400.00 8% £35,200.00 Compensation offer £3277.00 Payments…
-
BTL Best Deal?
I've posted several times on this forum and always received good advice. So here we go again. If anyone is really bored, they can take a look at my previous posts. For the rest of you good folk, I'll summarise. We've just secured a 5 yr fixed rate deal with HSBC on £164k for £705pm IO on our residential mortgage. We have a…
-
Best rate for 5 year fixed?
Hi, I wonder if anyone can help me. I'm looking for the best rate available on a 5 year fixed, pref daily interest with the ability to overpay (max 10% a year would be fine). We're looking to raise additional capital for an extension so we are looking for a mortgage around £145k with a house value of £250k. I notice Leeds…
-
Buy to Let
My wife and I are looking to buy our first house with the intention of renting it out. Which lender is offering the best rates for this (my head is going round in circles with figures lol) Also what legal issues should we look out for??? Thank you in advance :)
-
Dodgy Financial Adviser?
:mad: Hi, I wonder if someone could advise me. I was recommended a financial adviser by a friend to assist in remortgaging my house. Prior to contacting him, I asked my friend if he charged. She said, no he was paid by the mortgage company but that he would ask for a "drink" of around £100. Even though I knew this was not…
-
Please help me!!!!!
Dont know if I am putting this on the right forum, please feel free to move if needed. To cut a long long long story short, my husband has walked out on me and cancelled all the direct debits including the mortgage!! i know i am still liable as it is in joint names.i have phoned the mortgage company and briefly they have…
-
miss sold endowment
I am in the process of making a claim for the miss selling of an endowment. (This process has taken over 1 year to date). When we recieved a red letter saying that there would be shortfall we were advised to make other arrangements to pay off the shortfall. i Therefore in 2004 we changed our mortgage to a repayment…
-
What do we do??
Hi all Mortgage is due up in September and at present we have an interest only. Middle of the road, GMAC. We want to go repayment this year and paying the extra is fine. Things has changed for us on other elements. I am currently stay at home mum just having had my 3rd baby but also my husband will be going self employed…
