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Joint Tenants and Tenants-in-Common
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Mortgages for small businesses
In July 2004 my partner and I decided open a hitherto disused shop which was in the ground floor of our house. We contacted our Business Bank Manager at Nat West who informed us that we would need a Commercial Mortgage (our mortgage company GMAC could not provide a commercial mortgage). It took our Business manager 9…
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Putting mortgage in single name only.
Hello. My wife and I hold a joint mortgage with nationwide - she is 60 and I am 52. We wish to put the mortgage in her name solely, so that when she is 65, she can opt for a "home reversion" as we have no dependants or family to squabble over our estate. Would this be a straightforward undertaking? Thankyou in advance.
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Another endowment question
My mum has got an endowment policy which has got another 9 years to run. She split with her ex over 5 years ago (he did a runner leaving my mum in a lot of debt but that's a different story!!) and she has got the house transferred into her name along with the mortgage but not the endowment policy - this was all done via a…
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Help needed im confused ref mortgage
Hi All I have recently looked at all the paperwork with regards to my existing mortgage and i am confused. The lender i am with is a sub prime lender called G-mac, i have had a mortgage with these people since 2001, since then we moved house and increased our mortgage what was termed as 'porting the loan' in dec 2003. In…
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Critical Illness/Life Insurance - Is is worth it?
Hi, I'm about to apply for a new mortgage and the Bank that I am with are trying to force all sorts of Critical Illness/Life Insurance/Mortgage Insurance on us. What i would like to know is: Is it neccessary? Do we have to have it to have the mortgage? Should I shop around and get it cheaper elsewhere? Everyone I seem to…
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Thinking of joining a Mortgage Network
I have recently completed CeMAP and have been talking to a mortgage network about joining them as a sole trader. They are prepared to take me on despite having no previous experience and mentor me etc. It all seems a bit to good to be true, they will train me and approve me etc. and support me through the whole process at…
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First time buyer/bad credit
Hi there My boyfriend and I applied for a mortgage in November of last year but unfortunately - due to my bad credit (x 2 defaults which were paid off in March last year) - we were refused (even with Platform!). A friend tells me that she managed to get a mortgage in her name only but which also takes into account her…
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Mortgage offer expire date - HELP!
Our mortgage offer expires end of March, and due to a delay in the completion of the new build property we're buying, it looks like exchange and completion will now be in April. As interest rates have risen, it's going to cost us an extra £1500 over the 2 years fixed period. Is there any way we can persuade our mortgage…
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Feel I've been conned by House evaluation
Sorry if this is in the wrong category but here goes: I bought 50% of a shared ownership flat for £65,000 in Feb 2002, thus making the 100% evaluation of the property £130,000. Now 5 years later, the four estate agents who have come to evaluate the flat have all said I have been way overcharged originally and that the…
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Guaranteed overtime
Are there many lenders that take 100% guaranteed overtime into account? What do you need to prove guaranteed overtime?
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Selling an Endowment
Hi Very new to forum, so i was wondering if someone could link me something that could help me sell an Endowment. I am sure there is somethin gon this site, but i find these larger forums a bit like finding a needle in a haystack....plus i am working to :D . I have gone over to full repayment now, and i am looking to claim…
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Is 5 Year fixed rate too long?
I'm applying with scottish widows and they're saying if i want to borrow more with them on a graduate mortgage it would be 5 years fixed. Otherwise i can go with their flexible one where i'd have access to all their rates... 5 years seems aaaaaaaaages!
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Taking on Mortgage
Hi There I was advised to post this on here so here goes! I am currently going through a divorce and expect to get at least 70% of the equity of the property that is worth£i80,000 with a £95,000 mortgage. The mortgage is currently in my husbands sole name(long story) though my sols. has registered a notice of interest with…
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Taking on Mortgage
Hi There I was advised to post this on here so here goes! I am currently going through a divorce and expect to get at least 70% of the equity of the property that is worth£i80,000 with a £95,000 mortgage. The mortgage is currently in my husbands sole name(long story) though my sols. has registered a notice of interest with…
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My credit report, should I be worried?
I just received a credit check from Equifax as i am about to buy my first property in June. Everything looks fine apart from back in September 2000 I had a loan paid by direct debit for my car insurance. On my credit report it says that for the first month of the loan I was 1 month in arrears. For the next 12 months the…
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Electoral register
Have added OH to rolling electoral register as read that his absence from it can will cause us problems in getting a mortgage. He will appear on the register when it is next updated on the 2nd of april. Does anyone know how long this information takes to get passed on the the credit agencies and even when it is, will it…
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Uninhabitable property - can't get mortgage
I'm considering bidding for a 19th century property at auction. It hasn't been lived in for over 30 years and has no kitchen or bathroom (just a wc) so needs lots of work. Several lenders I have approached about a mortgage have said this means the property is regarded as uninhabitable and they won't provide a mortgage for…
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Not Sure What To Do With Endowment
I took a joint endowment mortgage with Abbey National in 1991 with my ex husband. The endowment policy was with freinds provident, but sold to me by Abbey. The mortgage adviser told my that the policy would with out a doubt pay off my mortgage and we would have a good lump left over. I was told by freinds provident in 22…
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A difficult one - (no advice thats not allowed but is this possible ?
Morning all, Theres a long and short story to this but ill try get away with the short one, Situation as it stands currently, I almost own my house £15 000 mortgage left (mother lives in this house), Im looking to purchase another house (me and fiance) around £75 000, I have a deposit of around £14 000 for deposit and some…
