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Mortgages & endowments

Archives for November 2007

Ex Bankrup mortgage help Please
HI I dont know if anyone will have any information but me and my husband have been out of bankrupcy for over 12 months each now, but we seem to be only able to find morgages where we need a 15% deposit, (which is more money than we have) we currently owe no other money at all and have 3 years of paying rent without ever…
How long to get a mortgage offer from Mortgage Works??
Hi there Calling all brokers, and anybody in the know!! I am in the process of selling, and the buyer's survey was done at the end of October. The mortgage offer still hasn't reached the buyer's solicitor's desk, although the buyer has apparently received a letter stating that the offer is there. We are nearly at the five…
My Buyer has a 100% Mortgage!
As the titles says, I've just found out (a week before we can exchange) that my buyer has 100% mortgage and therefore will not have funds to transfer to our solicitors account when we exchange, so if they pull out between exchange and completion we will not have the funds to cover the deposit on our purchase. And we would…
Mortgage without income history
Any advice on this would be much appreciated. I've just returned to the UK after 12 years in Spain. My home in Spain is sold and contracts will be exchanged in the next 3 weeks. this leaves me with about 1 third of the income i require to buy a property here in the UK. So there is the problem - I am job hunting at the…
convert my mortgage to US dollars
Hi, is it a good time to convert my mortgage to US dollars ? From the sounds of it the dollar is going to continue downwards. What are your thoughts? C
Is there a "mortgage shortage"?
The idea seems to be emerging in the media that due to the credit crunch a shortage of mortgage money is developing and this could cause house prices to crash. There has been evidence (also reported here) that some lenders are pulling out of the murkier parts of sub-prime lending, and that people with adverse credit risk…
Help needed - charges against house
Hi, I would appreciate as much help as possible with this. My Parents had their house repossessed in 1991, later in 1991 they managed to get another mortgage and buy a house, the original lender placed a £3000 charge against the new property in 1991, my parents have been paying monthly interest of approx £80. My Dad is due…
Info those struggling to pay their mortgage
This isn't something that will hopefully effect me in my current situation.However I thought it would be helpfull for others who are in financial difficulty. Just wondering what info people have got for those who are finding they're struggling with mortgage payments.Where they can go for help.What they can do to help ease…
Nationwide to increase some tracker rates.
If you were considering one of these deals then it would be wise to get it sorted before Tuesday. From: http://www.nationwide.co.uk/mediacentre/PressRelease_this.asp?ID=1118
Self-cert
How much has sub-prime problems in US affected self-cert in UK? How likely is it I can get a self-cert mortgage without proving a single shred of income evidence? 80-90% LTV, 25 years, £220k 23 years old self employed for 1.9 years (Internet affiliate marketing) $200k/year income (offshore) £19k/year income (UK taxed) My…
Shared Equity Mortgages
I am in the extremely early stages of thinking of buying a house. Unfortunately my partner has recently been declared bankrupt and so it will just be in my name. I earn £18340 a year and currently owe about £6000 to two credit cards, which I am paying off monthly at more than the minimum amount. I have around £15000…
What is the difference between these two mortage calculators?
Ok i have two mortgage calculator web sites. http://www.bbc.co.uk/homes/property/mortgagecalculator.shtml#your_results http://www.mortgages.co.uk/calculator/mortgage_calculator.html When i input the same values, i get a different answer. The one from BBC is slightly higher. Is this because it uses compounding and the other…
Remortgage Hell With Financial Advisor
Og god what a hell of a day? i contacted a financial advisor i had used about 2 years ago, around 6 weeks ago for a new remortgage, due to ours ending after the 2 year deal on 01/01/2008, i have been waiting for weeks for them to get back to me with regards to offers etc. We have a bad record currently 5 month arrears with…
Flexible Mortgage
Hi. I'm new to the forum so I hope I have posted in the correct section. A friend has a Flexible Mortgage (interest only) that allows her to pay an amount into a linked account to offset the mortgage interest charged each month. Let's say that she has a £50 k mortgage and is able to deposit a £ 50 k lump sum into this…
Mortgage Payment Holiday
We can take 12 months payment holiday on our mortgage and was thinking of doing this when I go on Maternity Leave next year. Does anyone know how this will effect our mortgage in the long run? We currently have 18 years left. Thanks
2 mortgages but one up for 'renewal'
Background is, we moved to a larger house last year and the BS said instead of taking out a whole new mortgage we should just take on another for the extra. It made sense as the old one was still on a lower fixed rate. That is up in Jan and we need to work out what to do. The questions are do we have to have both mortgages…
Remortgage advice on property to be demolished
Hi all, I live in an ex council property which is due to be demolished between 4-6 years time as the area is undergoing a mass redevelopment plan. My last mortgage deal ran out in March of this year and since then i've been stung on the interest rate rises by a near £100 more a month compared to 12 mths ago. This is due to…
calling mortage brokers timescales please
Selling two properties at the moment double nightmare Would be so grateful of any ideas on lenders approx timescales property one - lender royal bank of scot I wont go into detail but no probs with their credit record or anything and mortgage previuosly agreed with a property they pulled out of and they are now borrowing…
Divorced Mortgages
Hi My friend has recently divorced her husband and is currently living alone with her teemage son. The husband has refused to pay anything towards the mortgage because 'if she wants her independence he aint paying for it' (despite the fact he's just bought himself a 4 bed flat to move into). She went to the bank to ask if…
Paying of Mortgage
Sorry about spelling. I am now in a position to pay my mortgage off early. I know that the Building Society will not like it & that I will get hammered. Is there any good reason not to pay it off. Thanks Steve

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