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remortgaging and divorce
I am having to buy my ex out of our home and need to remorgage to give him his entitlement. Has anyone any advice? I want to know if it is compulsary to take payment protection on my mortgage. Also as I only need to borrow £40K for 10 years, would I be any better off taking a personal loan?
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Useless Mortgage Broker
I approached a mortgage broker recommended by my accountant to remortgage my house. He is whole market and when I asked about fees he said 'it depends'. Hmmm...I started feeling suspicious. You either do, or you don't. Then he asked if he could speak to my husband. When I said that 'I' deal with finances in our family, he…
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Equity Release
Hope I'm in the right thread. Apologies if I'm not. I've only been told about this tonight so here goes. My parents have decided that they want to release some of the value of their home, around £30000. They have valued their house at £150000. They are both in their late sixties. They have approached a company who have…
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Does such a mortgage exist for my circumstances?
Hi, I am wondering if anyone can tell me if a mortgage exists that will allow me to do the following. I am looking to purchase a new build off-plan flat for £350K that will be complete by next May / June. The developer needs a 10% (£35K) deposit in November / December for me to secure the property. I have £15K but will not…
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Remortgage misery
Apologies for my rant! I'm supposed to complete on my new mortgage with haifax today after my fixed rate ended yesterday. I'm SO cross, just got a call from the solicitor to say that because my last payment to Abbey only came out on Tuesday (as it should) it will take ten days to clear so if I want to complete today I need…
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Overpayments
My Lender doesn't allow for monthly small overpayments, but does allow for a maximum of 10% on the loan balance per year with a minimum overpayment of £2,000 If I save my money and make 1 or 2 of these £2,000 overpayments per year, will it have as much affect on my overall mortgage length/amount of interest saved as if I'd…
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Is it possible to purchase two properties with one mortgage
:confused: Hi, I am in the process of purchasing a pair of flats and am finding that there is some confusion with regards to the mortgage set up for this. The flats are being sold together for one price and are a ground floor and upper maisonette (ie: three floors in total). Each flat has a separate entrance. It is my…
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mortgage fees
Havin trouble with mortgage company who every month add fees to the account for being in arrears is this legal its £50 per month is there anything i can do
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BOI Overpayments, need help
Hi I am currently in the process of remortgaging with The Bank of Ireland. Their Mortgage allows for overpayments each year to a max value of 10% of the outstanding balance per finanical year. And it also says not less than £2000 in 1 go. I have been looking on the forum and many people seem to make overpayments monthly.…
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As anyone else heard of this....?
(sorry....this is a bit long) Hi, We have been with gmac (our mortgage company) since 2003. Since that time we have always had the same buildings insurance with Zurich. (The building insurance was set up through ourselves and not arranged through Gmac). In july this year i cancelled some direct debits that were no longer…
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Annual overpayments
I want to start making overpayments on my mortgage. They calculate the interest annually, so I want to make a one-off overpayment every year just before they make the calculation. But they said they'd only accept overpayments made monthly. Can they do that? I'm worried my overpayments won't be as efficient as they could…
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Mortgage for shop and flat premises
Hi all, Just a quick query i rent out shop/flat premises and have decided to try and raise some funding for a new build project. I have 2 of the above properties freehold and mortgage free combined value £300,000 rental yield £17,000 per annum. My usual finance route was raising the money through equity on my home but now…
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misold mortgages
:confused: I would like martin to tell me about the hundreds of mortgages that were and still are missold before the cut off date 28 august 1988 ,mine was sold to me 15 dec 1987 only 4 months before is there nothing we can do.
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mortgage, maternity and self employment.
Hi there, can anyone help. Our current deal has come to an end with Nationwide and we can switch to another of their products no probs but we are looking to move and have just found a house that we really like. Nationwide know we are trying to sell and have said we can port the mortgage so no probs there either, but it now…
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remortgage and early repayment fee
I am thinking of selling my house but have an early repayment fee of over 2000gbp iif i do before 2010. Is it possible to remortgage to another mortgage which does not have the ERC and then pay it off? Thanks Sally
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Will anyone give us a mortgage?
Hi i'd be really grateful for any advice you can give us, we are really keen to buy a property but not sure if we can? My partner and i are first time buyers, i have a salary of £16,500 but my partner is self employed with 2 years worth of accounts the most recent being £21,000. We have a deposit of £10,000 and do not have…
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LIBOR Rate???
Hi, can anyone explain to me what the LIBOR rate is as I recently took out a new mortgage loan and had my 1st months payment taken out in september, now this month its gone up £35 apparantly due to the LIBOR rate??? Now I understand that I get rises when the bank of england puts up the interest rate but i've never heard of…
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Remortaging
Can Anyone Tell Me If I Can Remortgage My House, I Was In A Trust Deed For 4 Years And I Have Been Released From This As Of June 2007. I Still Owe £43,000 To My Mortgage,
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Repayment or Interest only mortgage?
I have approx £55,000 on my mortgage which will take another 15 years to pay off. Someone has suggested putting it all on an interest only mortgage and then making overpayments each month so that in the capital is paid off as in a repayment mortgage. I'm strugling to understand the benefits of this and whether this would…
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iam confused... please help....
i have a mortgage on my house, i still owe £85,000 ( this is fixed at 5.25% for three years) house is worth £140,000 So i have £55,000 'cash' here. now, i want to move house and the new house is £200,000. do i take the £55,000 off the £200,000 so i will be mortgaging £145,000? ( at about 6.25% as the rate has now gone up)…
