-
Transfer of equity + remortgaging
We applied recently for a transfer of equity to put the property my husband bought before we were married into both our names. This has been approved by our lender and we just received the paperwork from our solicitors to sign so they can begin the legal side of things. In the meantime we have decided we want to remortgage…
-
Lots of mortgage help needed please
hi I have a few queries that i would be really grateful if someone could help me with. Firstly, I have a mortgage with my partner which expires in Jan 09. Since taking this out originally he has moved jobs and instead of being salaried is now a contractor on day rate but with a contract until March 2009. He has been doing…
-
HBOS / LLO TSB Merger - Opinions
See : http://news.bbc.co.uk/1/hi/business/7621151.stm I personally think its a scandal.
-
How to get equity out of house?
My husband and I are intending to split up. I am hoping to move out of the house with our 2 children and buy another place with the equity that I (hopefully) get from our house. We are hoping to split it in some way (% share yet to be decided). My husband will be carrying on living in the house we currently live in. Some…
-
Cash in Endowment Policy and deposit money?
My mortgage has a shortfall of some £18,000. Why can't I just cash in my policy and invest the cash in a deposit account of some otheraccount. It seems so simple that there must be something wrong with it. By the way just in case you wander I was sold the policy before 1987 ad therefore not elligable for "Miss selling".…
-
Which searches are required by mortgage lender
In the process of buying property and have been given a list of searches from the solicitor and meant to tick which ones wish them to do. Havent heard of this before but assume its to do with the new HIP info. Remortgaging with Abbey does anyone know what searches they REQUIRE, ie water etc or if just the valuation would…
-
Nationwide slow to return overpayment
Nationwide have proved very slow to return an overpayment since I paid off my mortgage. It's not a huge amount but just as well. I was told on Sept 10th that I would receive a cheque within the next "10 working days" which I thought was poor but I didn't argue, even though it wasn't my fault in the first place. Told today…
-
So where is the money?
O.K. we have the finance structure in meltdown.So where is all the money?Or was it never there in the first place,Have all the financial institutions been lending money that they never really had in the first place? Isn't this the same as an individual being overdrawn.He would be penalised with bank charges and yet the…
-
Prudential Endowments
In the light of recent events I have decided to think again about surrendering or selling our two policies (former Scot Amicable) to clear best part of the mortgage. I know from all the really useful info on here that Pru are one of the best around, but I guess that as the first one is only a year off maturity it wouldnt…
-
Fixed Rate running out Feb 09
Hi all Our 2 year fixed rate runs out with Abbey National in Feb 09. We are also having a baby so will be off work from Feb. We will have about £7,000 savings (to cover me on mat leave) and currently we are repaying half of the mortgage and the other half interest only. If it comes to it we will pay interest only while I…
-
Problems with my tenant in common
Hi, I'm just wondering if anyone knows how best I could deal with my situation. I bought a flat with my friend in January. I put down the deposit and we have split the mortage. As tenants in common I have half the mortgage plus my deposits worth of the flat. Our mortgage was approved last year when we both had full time…
-
Mortgage Issue
Currently have a mortgage for 110k on a house we bought for 135k 2 yrs ago. The fixed rate is up in december with the Skipton. We were going to go with a rate change. What is involved in this just simply signing that we accept to change the rate? I.e no re-valuing the house or going threw our finances? Hope that makes…
-
Probably yet another basic question on repayments
We have had a joint mortgage for now for coming up for 19 years. In theory it has 6 years left. Over time we have added a couple of repayment mortages to cover conservatories etc but are happy to allow these to run to the end of the 25 year period (well not happy but don't have any money to pay them off early!). The main…
-
Mortgage Advice - Fixed or Variable?
Hi, I've signed up here for a bit of advice! Our Nationwide 2 year fixed rate mortgage came to an end in August this year [jumping us from 5% to 6.75%, which was nice] and so we are now just sitting on the Variable standard mortgage. We assessed the situation with our mortgage advisor in July and decided there wasn't…
-
What happens if my mortgage bank goes bust?
Hi All I know this has prolly been asked many times, and its a general knowledge among folks who post regularly here, but i wanted to know what happens if a bank i have my mortgage with goes bust? im particular interested because of the situation hbos is in at the moment. although im not with hbos, hbos is the parent…
-
Have you remortgaged with Yorkshire BS ?
Hi, Our 5 year deal is almost due to end. I have just phoned Yorkshire, they have offered us 5.99%, no fees over 5 years. I have just done their cost calculator and have found some of their products with fees would save us upto £25 per month even taking the fees into account. (we have £56k repayment and £25 interest only,…
-
Late Payment
I have just discovered Halifax have put a late payment mark on my credit history, 3 days after it was due, As soon as I realised the problem (a client's cheque came in late), I made the payment via debit card. I did this within 14 days, but then got an alert from Experian saying my file had been marked, but this was 3 days…
-
Mortgage needed but have poor credit history
Hi to all I am self-employed, so would probably have to self cert, but also have a poor credit history , have 1 ccj and numerous defaults on credit cards, only thing in my favour is a 20-30% deposit, any advice would be appreciated. thanks to all in advance.
-
Nationwide - one switch allowed after mortgage papers issued?
Hello all, I was congratulating myself the other day on the board about the fact that once Nwide had issued us our fixed interest deal papers, we were free to pick up any new lower rates from them if they appeared, while they were bound to honour the deal, should rates go up. Well, today we were told on the phone when we…
-
50/50 mortgage repayment
Hi We currently have a 50/50 mortgage and currently over pay about £100 p/m. Presently the mortgage provider is deducting this off the repayment element would be it better to instruct them to deduct of the interest only element? Can this be done and how?
