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Mortgages & endowments

Archives for January 2008

Going self-employed can i get a mortgage?
Hi! OK just a bit of info first (I'll try to keep it as short as I can!). My partner has been self-employed since he was 16 (about 32 years!) and currently had a taxable income of £23,000 for his year ended 2007. From the look of this years accounts I think he will be earning about the same. I have always been employed,…
Mortgage & IVA
Hi, looking for advice for sister & BIL. A bit of background - they did a Final IVA nearly two years ago & have been as good as gold since (no choice really!) they have a managed bank account & obviously no credit cards etc. Before the IVA their credit rating was actually good (as in payments were made regularly but…
Previous problems liable to cripple us?
Hi there, I am coming to the end of my fixed rate in June-however my lender says it has no rates to offer me and I will likely have to revert to their standard variable rate which is wait for it....9.67%!!! At the time myself and my partner applied for the mortgage we were self-employed, but having only been this way for…
Re-mortgage hell URGENT HELP REQUIRED
In July 2007 I wanted to release equity from my property to help fund my business. I was on a good mortgage rate with the Halifax on a repayment basis and the Halifax were happy to lend more. In addition I had a secured loan with Picture Finance which was fairly cheap, they too would have lent the extra I was looking for.…
Mortgage lenders arrears admin charges
During a recent local debt advisers meeting we discussed the issue of mortgage lenders imposing high administration charges on customers in mortgage arrears. Typical example would be a borrower who is in arrears, makes a repayment arrangement with his lender to make contractual mortgage payments plus an additional payment…
Which Mortgage is best for me????
Hi, I have just received the dreaded news from my mortgage provider that i will be coming out of my fixed rate period on april 1st. I am also in the process of selling a second property that should give me a tidy profit. The problem i am trying to solve is what to do next..... Offset the profit as savings (so i can get to…
Query - Fixed Rate Mortgage Term
Hello all, my first post on here so please be gentle! :) I tried searching but with no success so if something like this has been posted before I apologise. Can someone please offer me some advice before I speak to my lender as I have some concerns about the current mortgage I have with them. Basically I have a fixed rate…
Remortgaging when one person is effected by Trust Deed
I entered into a Trust Deed (IVA in England) which will expire in April, and so far things have been reasonably ok. I stress this TD is in my name only. We've done everything possible to keep financially dis-associated, so that we haven't had to lose the house. However tonight we had a bombshell to deal with. Due to the…
self cert mortage
can anyone give me a quick run down as to what they are please and how they work.. cheers
Any quick advice would be welcomed
My 2 year fixed is up this week. To be honest i'm not too great about these things and i've only just started looking at other offers now. I know i'm a mug i should of been looking before christmas. My current mortgage is with Nationwide who have got a 5 year fixed at 5.63% no fees offer on but i don't want to get tied…
Can a lender make an mortgage offer and change their minds
i have a mortgage offer with a lender. offer was made in october 2007. I've gone through all the legalities and just about to exchange to contracts. now the lender is reluctant to go ahead with the offer. what can i do?
mortgage help and advise
My current deal needs looking at for march of this year as my current deal goes up by over £100 a month, i really want a good fixed rate deal prferably for 5 years or more and low repayments (dont we all) i am looking to borrow about 61k poss repayments over 25 - 30 years.. Can anyone recommend where to look or any good…
Ive missed a mortgage payment today
We knew we had to do it as our van (used for OH self employed business) broke down a couple of weeks ago costing us a couple of hundred pounds, we had just about enough money to live on plus our extra outgoings that we knew we had extra after christmas such as van MOT, van tax, Accountant bill along with Tax Bill to be…
legal charge on property
I just had an interesting visit!!! This man came to my door and said he had been trying to trace me for three weeks. He is from a solicitors office, breifly heres the situation. about 25 yrs ago i entered into a joint mortgage with my then partner, i was pregnant with our daughter at the time. he tuirned out to be a rat,…
Almost completed, now sellers mortgage company refusing to let sale happen?
Okay, just trying to get an insight to what's happening with the house I live in. Basically I share a house with a friend, he's been trying to buy a house off someone he knows for the past 6 months. As he knows the guys, we have been living there for about 4-5 months and paying him rent while the sale goes through. The…
Stuck With A High Interest Rate, Halifax
I have had a small mortgage with the Halifax since May 2003, (£26 250). I have a very low income from 3 sources, roughly equal amounts from each. They are: a small part time business, Working Tax Credit and maintenance payments from my son's father. I had limited choice of mortgage because very few lenders will count…
what happens when fixed rate ends
Hi, what happens when fixed rate ends. Albeit not until this time next year I would appreciate your help. Life as it ususally does has a way of testing you and the 4 years we have had the fixed rate have tested us beyond doubt and as a result our credit isn't the best. I am with Halifax and the mortgage bit seems to hold…
50 yr old - whats the chances?
Coming up to 50 and wanting to purchase their first property with NO deposit. Never had a mortgage before and no current debt although went bankrupt 7 years ago-business related. ( friends of ours. ) What's the chances of getting a mortgage to the tune of £125k. Would they have to have it spread over 15 or 20 years because…
Switching from repayment to interest only
Hi. My fixed rate is coming to an end and I want to switch from repayment to interest only for a short period of time (as I intend to sell soon). I rang Halifax on Monday and they said I would need to fill in some forms re: my investments, etc, even though I told them I was selling up. I said ok. Then rang again today to…
Which type of mortgage would be best for me?
Hi all, Like many I too had seen the One Account mortgage shrinker and thought it looked good butt now I'm not sure having looked through some of the threads here I have two mortgages 1) 34K Which is fixed at about 4.6% but is about to return to based rate (in April) 2) 16K around 5.8% fixed with 4+ years to run - there's…

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Mortgages & endowments

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