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whats the answer
Hi Bought a house 2 years ago with the help of my parents. Borrowed £165.000 of them and know we want to pay it back by getting mortgage on the house. House valued at £380.000 but bearing in mind current market more reasonable £ 350.000. Dont want to move as this is the perfect home. Made redundant last year but found a…
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Is this going to mean I can't get a mortgage?
We have had the week from hell, tbh. Like a lot of forum members, our domestic unit is directly affected by the LloydsTSB/HBOS merger, and it will be some time before we know whether DH's job will survive. If he is made redundant, the payout if anything will be small as he has only been with the bank for 2 years. He is 48,…
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Partner has left and is not paying his way.. HELP!!!
I moved in with my partner a year ago in a brand new £190k house and the future was rosy! after three months he decided he was leaving and in the last six months I have not seen a payment. We are both signed on a joint mortgage, but the mortgage comes out of my account, I am now 3k in debt and until I sell this will keep…
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Remortgage - Problems?
Hi I am due to remortgage for the first time in May 2009 and wondered if anyone could advise whether or not there is any chance that I could have problems. I bought my first property, a one bedroom flat, in May 2007 and fixed at 6% for two years. The property cost £67450 and I put a 3% deposit down (Halifax 97% repayment…
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Split mortgage in two?
I would like to take my current mortgage and split it in two. Half would be a competitive long-term fixed-rate deal, for security against rate increases. The other half would be a flexible tracker, to allow overpayments. The total sum would be the same as it is now (and much less than the value of the house). Are there any…
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advice req
I am recieving a cheque from selling a investment of £23000 my mortgage is fixed till 2011 and stands at £116000, however i have £35000 of unsecured debt, This includes a NAT west loan of at a balance of £23500. The rest on CC. I am struggling with running the home etc. The loan is costing me £378 per month . I am…
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Insurance Claim - Halifax
Hello i have a small dilema here that i need some info on OK heres whats happening, my dad has been unwell now since Feb - 7th. He has been paying his mortgage as normal however he has not been working. He has taken mortgage payment protection incase of such things happen, along with life cover. He also has 2 cars which…
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Mortgage Statement Incl. Interest On Bldgs & Conts Ins
With the recent interest in PPI's I have been checking my financial paperwork. Although I have queries with my PPI, what surprised me more is that I noticed on some of my older annual mortgage statements (1997 - 2002) the charges include the Building & Contents Insurance annual premium and this is added to my mortgage…
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Freehold, should I buy?
To cut a long story short, when we came to purchase our property we only found out it was leasehold nearing completion. We were told we could purchase as soon as we exchanged, to my annoyance I found I had to wait 2 years. For some reason I have it in my head that I need to purchase the freehold, more to ensure that in the…
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Post divorce pay out & Mortgage hell
Any advice welcome: I need to raise £195k (£135 existing mortgage & £60 court ordered payout to ex to get him off said mortgage). My new partner is self-employed and will have to self cert. House is valued at £325k. Advice on raising the money needed desperately! Should I remortgage and how? Many thanks
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mortgate completion
Apologies if this has been answered elsewhere - couldn't find anything. I am 10 months away from the end of my 25 year mortgage. I have a mixture of ISA and funds investments to pay it off (£62000). At the moment the investments are around £5000 short - what is the best advice in this situation? Ask the bank to extend the…
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how long for descion
hi i posted here the other week as we wanted to remorgage our house to do some home improvements for another £15k we only owe 13k at present and our house is valued at about 110k the problem is my husband is retired and my income is 15k per year. i was worried because i applied for a credit card with my bank who morgage is…
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Remortgaged with same provider and still charged £1000!
I am currently with the C&G and I am about to renew my mortage with them as they are offering the best deal and they want to charge me £1000 for staying with them. Surely this isn't right. Can anyone help me out here. They aren't doing anything other than changing the dates on my mortgage account from October 2008 to…
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Having a wobble
Ok whenever I come on here, I always get very good advice, and everyone really helps me to get a grip of things so here goes. I suppose the crux of it is, I am worried about the housing market, basically. We have an interest only mortgage for £186k, and we re mortgaged with tsb in April the house was valued at 215k, so we…
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Public Slams HBOS Takeover
From Mortgage Strategy - Introducers magazine.
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Petrified...should I be?
With all that's going on at the moment, I'm a bit worried about when my fixed rate mortgage ends in August. To boot, I've just been listening to some guy on 5live saying that without doubt house prices will fall by at least 20% next year, minimum. He said that whatever happens in the US, happens here about 6-12 months…
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mortgage debt and death
Wondered if anyone had any ideas on this? My mortgage is in my father and my joint names, but it is only my name on the deeds. Sadly he is very ill and is not going to get better. I was wondering what will happen to the debt when he does die? Will any of it come out of his estate? Or will it become entirely my…
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Is there a likelyhood of a Mortgage retention for lack of Firewall
:confused: How common would that be?
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How much deposit to put down?
Following my recent divorce I am now looking to buy a house. I have £50k to use as deposit. I have had an offer accepted on a house for £165k. I am looking to live in the house but in about 12 months time I will be looking to rent it. At the moment similar properties are going for £700 a month rental. Letting agents fees…
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Interest only - No endowment
Scouring this forum the other day, I found a couple of posts that mentioned that it was the best policy for those that had an interest only mortgage to avoid having an endowment as the means to final payment. What BS / Banks would allow the borrower this facility to plan their own final payment. Why is this idea a good one…
