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Advice Please - Abbey Mortgage
Hello you beautiful sexy mortgage people can you help me please....! We have an Abbey Mortgage £82,500 about 22yrs left We have a secured loan £30,000 but they sold us the dreaded ppi for £10,000 (yes i know) but we are supposed to get that back if we are good in 10 years...! The settlement figure because of this is about…
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Possible subsidence
This is my first time on the board ... so go easy on me please! We are very interested in buying a house that has had subsidence in the past, but the structural surveyor believes it has now stopped - but can't be certain without ongoing moitoring. Our mortgage company have refused us the mortgage because of this (I think…
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remortgage advice
My 2 yr fixed rate is due to end in July this year. It was taken out with Infinity and they have now sold it to Kensington. I have a dodgy credit history but in all the time I've had the mortgage I've never missed/been late with a payment although my credit record hasn't overwise improved much since I took out the mortgage…
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Repossession
Hiya I'm new here so not sure if I'm in the right place. Back in 1997 I lost my house due to divorce the bailiffs came and gave me 10 mins to gather some belongings, I ended up in a hotel for the homeless. After some time I moved around the UK never heard anything about the house all I know was it went up fro auction for a…
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Shared ownership mortgages??
Hi, we are first time buyers and we have just been told we have been chosen for a shared ownership house. We will own 35% and pay rent on the remainder to the housing association. We had very limited time to arrange a mortgage promise for our interview (we had a week and a half over christmas!!stress!!), so we went to the…
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Re-Mortgage To Buy A Second Home (Cash)
At present I have a £59,000 mortgage on a property which is worth around £220,000. I currently work away Mon - Fri and travel home to my family for the weekend and I have to rent an apartment near my work (£625.00 p/m) and feel that this is dead money! I was wondering if anyone could advise me if it would be worth…
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Mortgage and redundancy
I've been accepted for voluntary redundancy from work but as yet haven't been given my 12 weeks notice. In fact I have no idea when it will be - it was supposed to be March 07 and I've put everything on hold since then.:confused: We want to buy a house and spoke to a mortgage advisor, but as soon as I mentioned redundancy…
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Can I use equity as a deposit
We moved into a house purchased for 112500 about 2 years ago, fixed rate now up and looking for fixed rate for 5 years ( so we know whats going uot each month), we estimate that we have paid off about 5,500 off the mortgage (after we have taken the interest out) but most decent rates want a 10% deposit, but also talk about…
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Is there anyway round this?
We want to PX our house with Barratts. The house we want is 266,000, they have valued ours at 154,000. This will leave us 10,000 short of our current mortgage. Speaking to Sales yesterday they were going to contact the Financial Advisers and see if there was anyway we could do the deal. They did mention paying our 5% dep…
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Northern Rock possible nationalisation?
We have a mortgage with Northern Rock and I've seen on the news that there is speculation about a decision being made in the next few days to nationalise NR. I was wondering what if any effect this might have on our mortgage or is it likely to just be a seamless transition and business as usual? Anyone know? Ta Teapot
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97% mortgage - anyone other than Halifax?
Just wondering if anyone knows of any other lenders who will lend up to 97% LTV. I am a FTB and have a £5000 deposit, and was initially looking at properties around the £100,000 mark. However, due to a significant increase in income, and a lack of decent properties around that price, I am now looking up to £130,000. I am…
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Mortgage for Self Employed
Afternoon, I am quite new to this and am really hoping that someone who knows more than me can advise on this. I am going to be moving house soon and am wondering what sort of mortgage I will be able to get, also where i can get one for my circumstances. The financial info: I am a self employed IT consultant and I…
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Equity question
Just looking for some advice here if possible, I need to borrow £30k to improve my home but not sure what my options are. I have called my current lender and they are happy to let me have the money but I have reservations about the fees, there is a product fee of £299 and an arrangement fee of £199. These can be added to…
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kensington help
i am with lovely kensington. because i had a ccj for 4k in 2004 , not satisfied., I was told i had to take a 3yr deal, first two were fixed. but in third year, its gone to 10.45% Now i knew there was a risk, but its ironic that people paying more a already and not missing a payment, are punished. And on top of that, its…
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Financial Advisor - Malpractice ?, friends in a mess
Any advice would be greatly appreciated - friends in a dilemma I suppose like a lot of people, they have trusted a financial advisor to set up their house affairs but are now realised they have problems Sorry this is long:- Friends of ours bought a house about 8 years ago, The estate agents had a financial advisor - in the…
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Re-Mortgage but we don't have a good credit rating
Hi, I am looking for some advice and we be grateful for your help. Due to my husband being made redundant 3 times in a short period we ended up defaulting on some payments and our credit rating was affected. However were still able to have a mortgage with Kensington Mortgages albeit at a higher rate than normal. We were…
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difficulties in surrendering an endowment-help needed
We are trying to surrender a legal and general endowment which was once linked to a Mortgage corporation mortgage. We sold the property 16 years ago and just left the endowment as a savings scheme. Legal and general are now asking for a disclaimer from the us through the mortgage corporation.How the mortgage corporation do…
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Joint Mortgage Question
I'm a newbie to the mortgage world so please be gentle! My partner has a mortgage for £76k (with Natwest) and earns £23k. I earn £20k and have recently moved out from my parents house into his house. We would like to move and are looking at properties around the £125k mark (three bed semi in Humberside!). Is it possible…
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Can't port our HSBC mortgage due credit crunch: any suggestions of generous lenders?!
Hi all! My first time on the mortgage board, please be gentle! Have been advised to keep it short, something I'm not so good at :o , so here's my attempt at a summary: * We've just sold our house for £249,950 and trying to buy for £249,999. * We currently owe £228k-ish on HSBC mortgage, 2 years into 5 year fixed at 4.79%.…
