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Mortgage for new home - is this right?
Two questions: 1. Do we have to have a mortgage in place when we exchange on a new home, even when the estimated completion date is 8-9 months down the line? We can pay cash for the deposit and the lender has received a certificate confirming we'd be able to borrow the money without any problem. 2. If so, what's to stop us…
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Getting a large mortgage
I am looking to get a large mortgage within the next few months. I earn 23500 a year working for my fathers company with a 10% profit share which last year was £9000 and this year is £7500. My OH is a store manager and on £21500 and can get a bonus up to 25% of the wage however is not getting any bonus this year due to…
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Standard Life endownment: 13 yrs old - cash in or not?
Since Feb 1994 I have been paying £76.09 into a Standard Life Endownment that was supposed to pay off our mortgage of £52,000 by Jan 2019. I've received all of the docs on it not going to make the amount due to the market conditions etc. and that there would be a shortfall. Here is a list of how it has performed since 99:…
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Would Like Mortgage Advice
I'm a first time buyer looking for a mortgage. The only way I can obtain this is by getting a joint mortgage with another family member. However, he's already got a mortgage which will be finished in approx 5 years (£60k outstanding endowment policy). The properties that I've been viewing are between £180 and £200K. I have…
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help with mortgage
Hi I need to buy out my husband who has the mortgage in his name only and it is an endownment mortgage lender says i cant just have this transfered into my name i need to act like a new buyer and buy the property off him. i need a mortgage for 18k over 7 years what do i have to do will i have to pay evaluation and other…
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sub-prime mortgage
Hi, I have a mortgage of £87,500 & i (and possibly the husband aswell) are just about to be made redundant so i/we will need to get a new job (obviously). We saw a mortgage advisor ages ago who said we would be need a sub prime mortgage. We also have c£11k of debt at the present time currently under a debt management plan,…
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Arrears/Missed & Late payments
Are arrears the same as missed/late payments? I paid two days late on my Next account last June, and on the site of the company I am hoping to get a mortgage with it says no arrears within 12 months. Would I have to wait until June for this to drop off, or are arrears different to paying late?
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need to get name removed from deeds and mortgage
Hiya im a bit confused and dont want to get ripped off by a bank or solicitor so im asking you lovely people for some advice. my ex and i bought a property together in 2004, i was a student so i wasnt contributing towards the cost of it. part of the property is owned by tower homes as a key workers scheme. i need to put my…
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what kind of mortgage rate should i expect?
Please help ive never been for a mortgage before! I have just got a new copy of my equifax report. My credit rating is 379 which means "fair". I would need to have a score of 400 to have a good credit rating. I have no defaults, ccjs etc no recent searches but it says there is a warning on the electoral roll as ive only…
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Buying a Second Property
Im considering buying a second property but would like some advice!1 I currently live in one property which has been valued in the region of£140,000. I have a mortgage of £56,000. My mortgage payments are currently £376. I am keen to buy a second property and have been told i can borrow up to £150,000. I am in a position…
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interest only or secured loan
hi all I have been looking to borrow £50K to do some work on my house, get an extension built etc. I approached my mortgage company and they will lend me money on my house on interest only. Its over 15 years at 5.9-7%. Basically I would be paying double. So for 50K I would still be left with 50K lump sum to pay at then end…
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interest only or secured loan
hi all I have been looking to borrow £50K to do some work on my house, get an extension built etc. I approached my mortgage company and they will lend me money on my house on interest only. Its over 15 years at 5.9-7%. Basically I would be paying double. So for 50K I would still be left with 50K lump sum to pay at then end…
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Endowment Complaints Claims Companies
Hi Has anyone else had a problem getting out of their contracts with complaints handling companies? I signed up with one last year, couldn't believe how little they did and still took a huge chunk of my compensation. I have another endowment where the complaint wasn't upheld which I now want to follow up directly as I…
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Mortgage or secured loan?
We are currently in the process of remortgaging £20 000. We have been with the same bank for 12 years. My salary is paid in monthly, my husband is paid in cash, but we only pay a small part of his salary into the account, as we use the rest for living expenses. The bank are asking for an employers letter to confirm his…
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cant get the mortgage we want help
hiya all, we cant get a morgage with BM Solutions on a tracker and 110% so the advicer tryed northen rock and they wont give us 1. ive just ordered our credit reports on Experian Credit Expert(which we no they use) But they havent sent me my confermation email yet. any1 no any lender that may give us it?
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Endowment shortfall/remortgaging - advice welcomed
Hi there, New to the site.... We have 2 endowments which are facing shortfalls. We'va made mis-selling complaints for both and won one (vs Nationwide) and lost the other (vs Hailfax). Now we want to remortgage - we have a plan of what we think we should do and I'd like to know if there are any better ideas. The details: -…
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Alliance & Leicester - Good lender?
Hi, I'm looking at getting my 1st house soon and have been looking at mortgages with A&L as they seem to give me the money I'll need to buy a house, and still have a low enough rate. Are they a decent enough lender, there aren't many that will give me as much as them based on my income (I need roughly 4.5x income). Any…
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Phd Student buying a flat, can I afford it?
Hi all I am doing a phd, and my total income is ~£25,000. I currently live with my girlfriend in a shared house. I have looked at morgages mainly at the buy to rent, I was wondering if these include the situation where you act as a live in landlord. As my gf is an undergrad she has no income apart from her student loan.…
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Pay-off Mortgage??
We find ourselves in a position to pay-off our Endowment Mortgage 7 years early. After receiving warnings of a shorfall in our Endowment policies does it make sense just to paqy it off and keep the policies or cash in the policies to help pay it off and cut our losses? Advice welcomed.
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APS Mortgages
Has anyone had dealing with APS Mortgages also know as mortgages.tv I found them on google not heard of them before are they a reputable company?
