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mortgage help!!
I have a very poor credit history. My boyfriend has an impeccable credit history. He has a mortgage at present but wants me to go on the mortgage so that we can get a bigger house is there anyway we can declare my earnings without putting my name on the mortgage? or is there any other way that I can be considered when we…
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First Time Buyers - Help & Advice needed (And appreciated)
Heres our background Im a mature Student (25) who has 2 years remaining of my course. My partner is a keyworker on 25K a year. We have savings of nearly 20k. We have no debts. We have a guarentor who earns over 30K We are looking to move out (both at parents homes), we were going to rent, but after much advice would prefer…
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booking fee.
hi guys can you explain to me what a booking fee is. i thought it was something you paid to secure the rate you have applied for while the application is being done. my broker says no and that the rate has gone up nearly 1% since i first applied.
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WHICH? advice.
It's unbelievable, but true, that many people swapping deals don't look beyond the interest rate or monthly payments. The consequences of not using a broker ;)
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Remortgaging - are we doing the right thing?
Hi all, I have posted before about our problem but am going to harp on about it again as it's exercising my brain on a daily basis. We're going through the process of remortgaging with Abbey. They are our only option (other than sticking with Kensington at end of fixed rate, which is not a preference due to their high…
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Phoenix Endowment - Advice required please
Hi All I hope that one of you kind folk out there will be able to offer me some advice. First off, I know next to nothing about endowment policies - for example I have no idea what a 'managed fund' is. My husband took out an endowment policy back in 1989, only paying £25 a month to it. This endowment isn't connected to our…
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re-mortgage recommendations with 5 yrs remaining
Hi All I'm helping my Mum remortgage as her 4.89% fixed rate comes to an end in November and woud like to start the ball rolling now. She has only got 5 years remaining on the mortgage and I think it would be best to fix the remainder for 5 years then she's not got to worry about going through the process again or incur…
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Endowment or ISA and mortgage assurance
My discounted rate with Nationwide is due to end in December, and as I have changed jobs with a lower salary, I cannot shop around for a new deal. I am considering switching to interest only with my new rate and am trying to weigh up the dis/advantages of ISA or endowment as a means on repaying the capital in 25yrs.…
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Equity Release due to split with partner
Hi I am looking for a little bit of advice, I hope that someone can help. I am in the process of splitting with my partner and she has decided to buy me out. We have agreed on the value of the house and that she needs to give me my % of the equity plus whatever we agree in value of property. She has recently come to me…
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remortgaging buy to let
My buy to let fixed rate ends 31/12, I only own one property but am currently overseas and so have had to transfer to a buy to let mortgage. As my fixed rate is ending 31/12 I contacted my provider to ask if I could transfer to a new BtL fixed scheme from Jan 1st. I was told that they would only lend 65% of the home value.…
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Give 'em The Keys And Walk Away?
A semi- serious question or two (although the more I think about it...): I'm not in negative equity yet (although mortgage is about 95% of supposed value at present) but sure its only a matter of time as price continue to fall. Any merit in the suggestion that I just stop paying the mortgage and hand them the keys and then…
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Endowment Questions
Hi, I'm a total newbie so forgive me if I'm trampling on protocol here as this is my first post. I have endowment assurance with Standard Life due to mature in 2011. It's short of the original target by about 8-10k and the company have been warning me about that for at least 5 years to be fair to them. I didn't do anything…
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Normal when endowment matures?
I have an endowment policy that will shortly mature. (It's with the incompetents at Scottish Provident.) Before releasing payment they are demanding that I send them various documents i.e. (i) the original Policy Document; (ii) copies of 2 utility bills; (iii) certified copy of an unexpired passport or driving licence. Are…
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Best mortgage rate
I will owe 25000 on my mortgage in October. I am with the woolwich and have 10 years left to pay. Does anyone know who would be the cheapest lenders if I was to change ?
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What Do I Do With My Mortgage?
Hello, I am new to the forum and would really appreciate some advice. I'm coming to the end of a 2y fixed mortgage in Dec, the deal I am being offered (another 2y fixed at 6.49% with 1% fee = £1298) is only approx £50/mth cheaper than going on SVR (7.19%) I am totally clueless about whether to go to SVR short term, with…
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Reasons Why letter
I'm in a position to pay off my mortgage early and have asked the Building Society for a final settlement statement, which they have sent me. They have also sent me a 'Reasons Why' letter which they say they should have got me to sign when I took the mortgage out 6 months ago and they seem very keen to get me to sign it.…
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Abbey offset mortgage and savings
I have a question. I have asn offset mortgage with Abbey with 90% of the mortgage in cash sitting in the account. If Abbey were to go under, would that pay off 90% of the mortgage, or would we lose our money and the massive amount of our mortgage that is, in effect, paid off by having it offset in savings?
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Overpayments question...
Hi Myself and my partner have just got a mortgage and are considering making overpayments to reduce the debt. Our mortgage is repayment and fixed until 2011. The debt we actually pay off in the first few years from our monthly payment is minimal as most is interest so when we look to remortgage our mortgage wont have…
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Mortgage application advice required
My wife and I are currently in the process of selling our house. I am currently looking at mortgages and wish to have this in place before (and if) we sell. My query is that she has a balance of £1500 outstanding on a credit card and has missed a payment not so long ago, the first and only I hasten to add. I am responsible…
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Advice needed for motgage please
I have inherited half a house with my dad owning the other half of the house. We were selling it but the buyers keep knocking us lower and lower I have had enough and wan to see if it is possible to buy him out. I am a regular on MSE just had to use a different ID as a few know me on here and don't want to broadcast my…
