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Mortgage for older person
I know the short answer is I need proper advice but I'd be grateful for views on our situation. My Dad is 74 and has a house that he doesn't want to leave but he has a small mortgage (£20k) that he won't be able to repay next year. We want to move closer to him so are planning for me to buy half his property (£150k…
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Re-mortgage
Hello, Took out a 2 years fixed rate mortgage for £195500 (plus 1499 fee) debt in may 2007 that is coming to end in feb 2009. property bought for £230000 but value was higher at £310000. good location and 3 bed flat. I have good credit history, never defaulted, no ccj, don't use credit card that much. Loan to value ratio…
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mortgage advice
I need some advice. i have previously had a mortgage with Abbey and never missed a payment. I have now moved into my partners house and we saw a house we liked, due to the current climate, we decided to keep his house and apply for a mortgage in my name. I had two agreements in principle and decided to go with Abbey, I…
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Date Of Mortgage Payments
I have been told that paying your mortgage on the first of the month saves money on interset.I at the moment pay on the 29th of each month and on contacting me they said they would change the date but it would mean back to back payments. I cant really afford two payments within 3 days. Any way round this?:confused:
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I want ex girlfriend to buy me out of the mortgage, how much do I ask for?
Hello everyone, as the above, I'd like to know how these things work. The property was bought for £105,000 and we paid (i think) a 5k deposit. we've been paying into this mortgage for a year, the mortgage was around 560 per month. Its currently on sale for £106,000 i think. The situation is this, shes willing to sign me…
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Mortgage worries
Hello there, im looking for some advice please. Our motgage came off a fixed rate in January and we have since been turned down for another. Reason being is I have a CCJ on my credit file (it shows as satisfied) this will remain until 2010. We also have a self cert mortgage and would need the same agian, anyone any ideas…
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Remortgage after satisfied Trust Deed/IVA
Hi, Have just completed satisfactorily a Trust Deed (Scottish IVA equivalent). My mortgage is currently with kensington with a rate of nearly 10%! I pay £1699 per month on a interest only of 203K. I would like to see if I can get a better rate elsewhere, but due to satisying TD, would need to get 90% mortgage, my credit…
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2nd Mortgage
Hi, Can I rent out my current house and take a second mortgage to purchase another? I have about 5% equity in current house - but have an agreement to let from mortgage provider. I earn £40,000 a year - currently have £84,000 mortgage, but would like to by a property valued at £130,000 - with a £20,000 deposit. Would I be…
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Remortgage Option
My mortgage deal with the Co-op comes to end soon and I'm just wondering what my best options are. Here are the facts: Outstanding amount - £81,419 Term left- 23 years House value - £156,000 Rate after current deal ends - 6.99% standard variable rate My preference is for a fixed rate as I like to know exactly how much I…
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Should we take a mortgage payment holiday?
Dear all My partner and I have a mortgage with Nationwide. I recently qualified as a teacher after a years training and start my new job next month. However, I haven't been working over the past 2 months and now I have used up all my money which means I cannot pay my mortgage or loan repayments next month. I have spoken…
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Mortgage Brokers Fee's
Hi all Could anybody let me know if £250 (when mortgage goes through) is a good fee for a mortage broker for a remortgage? In the North West (if that makes a difference?)? I will be looking at deals myself too but would be happier with a broker and just want to know if this is a reasonable fee?:confused: Thank you
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House undervalued by HSBC
Basically house was valued by them at 145. We thought it was nearer to 160 and 2 estate agents confirmed this, one said even 165+. The whole mortgage was agreed and we'd paid the fees but there is the massive difference in the valuation. What can we do?
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Tracker or fixed rate...? Advice needed!
I'm in a quandary and I'm pretty sure I'm not the only one.. was on a fixed rate with northern rock for the last 2 years at 4.79 and come september i'll be on their 7.49 as they try to shed as many borrowers as they can. I've got a mortgage offer from halifax at 6.24 fixed for 3 years which obviously is a lot higher than…
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Self cert/ self employed mortgage question
Hi, this is my first post so bear with me! My situation is..we have just sold our house to a cash buyer (:j ) . We took an offer lower then obviously we wanted but thought better to get our money out now(our house was in N.Ireland which has been a particularly bad market for a over a year now) we are now back in sunny…
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Worst lender nominations?
Mine goes to the Abbey but people may have different ideas.
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Should I start saving now?
Getting a bit concerned with all the stuff in the news about bad mortgage deals etc...... Heres the details on my mortgage LLoyds TSB interest only with a fixed rate for 2 years, can't remember the rate but it was higher than what they are now! £189k with 5% deposit (just under £10k) so just under 180k ish mortgage.…
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Mortgage for house abroad Help needed!!!
Hi all, :confused: I am building a house abroad, and need to get a mortgage to carry on building. I already own a decent plot of loand and have a foundation on it, which is now valued at around 60-70k, and need around 90k to finish it. I also have around 5k of my own money. Banks I bank with are prepared to lend me 100k…
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Low Cost Endowment Plan
I am looking for some help with an endowment policy I hold, taken out originally with Abbey National Life. It is a low cost endowment plan with a death benefit or £25,000 I took it out in 1995 and it is due to mature in 2020 The policy is with profits, managed life fund. I have got a surrender value from Phoenix who are…
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Over Payment Query
Hi We have a Northern Rock Together Mortgage - £180,000 secured and £20,000 unsecured. It is a 5 year 6.49 fixed ending 2013. The house is proably worth £190,000 I want to make an overpayment of around £50,000 which we can without any penalties I have a few questions. If i'm looking at re-mortgaging in 2013 is it best to…
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How much can I borrow? question
My partner need to get a quote on how much he can borrow and potential mortgage repayments for court (part of divorce proceedings). Anyway I have been onto an onlie form but have a question..... when it says the number of dependants it says do not include children you pay maintenence for - which is fine but then would the…
