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Can I take out a mortgage on a property I own outright?
Basically I am repaying some credit cards, overdrafts and a personal unsecured loan. These accounts unfortunaly got passed to collection agencies but I have negotiated monthly repayments with them, which have been kept to for approx the last 6 months. I would like to know if I would be able to obtain a mortgage on the…
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Help
Hi and firstly thank you to anyone who can help me. I live with my partner who is 41 and I am 23. The mortagage is in his name and cost 37,000 it is now about 32,000 and the value of the house is £80,000 to £90,000. We have debts of around £7000 and want to pay these off plus afford to spend about the same on doing the…
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New to mortgage and few mortgage ideas,Help needed
HI Guys, I am just about to purchase my first house and therefore I am going to have to take the mortgage out… I am a FTB and a big money saver therefore I am not 2 keen on all the interest that I will have to pay with my mortgage. So I have come up with a plan… First of all im on 18,5k/yr and the place I would like is a…
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Selling Unit Linked Endowment
Hi, My partner was missold an endowment in the eary 90s. We have just been offered compensation for this. However we were thinking about selling it as there is no longer a property linked to the investment. There seem to be a lot of companies that offer to buy endowments that have not yet matured. But we can't seem to find…
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verbally misadvised
I believe that I have been misadvised "verbally" on the closing date of my fixed rate mortgage deal. I do have the paperwork relating to the mortgage deal which states the closing date, but because of the excellent relationship I had with my mortgage advisor I phoned him up and asked for the closing date of the deal,…
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Changes ot Nationwide mortgage pricing
I found this on TMF but am unable to find it on the Nationwide website. http://cecollect.com/ve/ZZLs979561w28809282X We will be increasing our fixed rate mortgage products from 16 May:- • 2 year fixed rate with £999 reservation fee from 5.43% • 2 year fixed rate with £499 reservation fee from 5.58% • 2 year fixed rate with…
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First Direct Fixed Rate Mortgage - Please Check Your Statement
I received a mortgage statement from First Direct last week, giving me all the details of my mortgage account e.g. account no, length left to go, the interest rates I have been paying etc. My husband and I have an offset mortgage with a fixed rate for 3 years. I noticed that they had listed 4 different interest rates over…
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Chances of LLoyds tsb negotiation?
would like to know what you think; We currently have a mortgage with LLoyds for about 3.4 X my income. We want to move to a new house and would need at least 4 X to do it. the current mortgage is fixed with 2.5 years to run and our Credit history/record is not too hot, however our current credit situation is fairly good.…
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Cemap 2 and 3 exam tomorrow
Hi all, I've got my cemap 2 and then 3 exam tomorrow (doing them one after the other as I want to get it out of the way). Has anyone got any test papers they could email me? I'd really appreciate it if you could. I passed Cemap 1 last week (44/50 Unit 1 - Merit Pass) & (42/50 Unit 2 - Merit pass) I have only had the study…
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what to do
Hi all I've just had a meeting with a mortgage broker recommended by a friend, he was very good and can get me the miortgage i need at a really good affordable rate. He has told me he won't charge a fee as long as i take out all the neccessary insurance with him. His fee is £250, should i offer to pay this and find my own…
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Fee for calculating interest rates
I have just paid off my mortgage with Barclays a couple of years early and have asked the bank to explain how the interest rate is used to calculate the final repayment (as my rough calculations differ from the sum they arrive at) and they have replied saying that it would be a manual exercise for them I need to pay £25…
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Can my mother get a mortgage to help us?
Hi - wondered if any of your wise folk can answer a question for me. Here's the situation...My mum very generously wants to help my brother by giving him some capital towards buying his own places. He and I have owned a place together for the last three years (I invested the windfall I made on my previous property with him…
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Extra borrowing for emigration bond
Hi all, Im hoping to get out of our lovely country in the near future and head for Australia. They operate a points system and you get points for profession/skills, level of English, familyu connections etc. To get the last 5 points I need to invest a £42k bond in the Australian government for 1 year. This is fine as it…
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Remortgage Advice....
Hi, I was hoping for some advice. I am looking to remortgage/borrow 105k – 85k to cover existing mortgage and 20k to sort out the credit cards and essential repairs to the house. I currently have one consolidation loan which will end in just over 3 years time. I have looked into it and have decided that I think the best…
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How to prepare for big endowment shortfall?
I have an endowment mortgage that finishes in October 2014 according to my yearly statement from Standard Life at worst its going to be about 18K short, at the moment that is, it could even get worse. It was only for 27k in the first place. I did claim missold endowment and they gave me just over 1k big deal. My mortagage…
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Remortgage Question?
Are Bristol & West and Mortgage Express part of the same Company? Thanks in Advance
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Self cert lost contract... Help!!!
Hi, The guys who meant to be buying my house has pulled out at the 11th hour because he cannot get the mortgage he had lined up as he’s lost a contract that makes up around 60% of his income. If he doesn’t come up with a solution in the next 7 days were all going to be out of pocket as I’m buying a new build and the…
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Self Cert Question?
A good friend of mine, just told me that Self Cert Mortgages are now available at 95% LTV!!! Is this true? as this will only increase prices further
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Joint mortgage to buy house and split into flats
Hi all, Hopefully this is posted in the correct place - have been a MSE member for a while but never posted before! Basically i'm looking at going into a joint mortgage with friends. We're looking at getting a house, and converting it into two flats, then splitting the mortgage so we each own one of the flats. We're making…
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Is it possible to guage how much 'surplus' there will be..?
Basically we're in the process of remortgaging,which will take place at the end of June to avoid any redemption charges with my existing lender. My last mortgage statement stated we owed £110K as at end of Dec 06. We have asked for an advance of £115k from our new lender(to incorporate some home improvement funds) Is it…
