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Mortgage/home ownership complication.
Hi folks, Would really appreciate some advice. I currently own a property, my parents live there as tennants (although they haven't paid me any rent for 6 months and are currently living there rent free!!!). I want them to leave so I can sell the property and buy something else. I am in the process of taking them to court…
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[Moved to House Price Thread]
Mods please delete
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Equity Reelase if lender goes bankrupt
Hi, I hope this is on the right forum. I know it's unlikely now with th govt bail out (hopefully) but my mother has done equity release on her mortgage. What is the situation if her lender goes bankrupt? What happens to the part of her house that they own? I suppose this is the same question as what happens if your…
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Re-mortgage Question, help appreciated thanks
Hi, We are reaching the end of a 2 year discounted SVRe with Standard life. Standard life like many others have not passed on all the BOE cuts to us. In the 2 year period I have learnt that SVR means they don't have to pass the cuts on. As a result Stadard life wont be getting my business again (even though I know it's my…
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help with term of mortgage
hi please could you help my daughter and her husband have a mortgage with the Northanrock they are in there late 30's and have 11 years left to pay the last year or more her husband (who is selfemplyed) as had hardly any work a few weeks here and there my daughter who is a nurse has had to pay the bills at the moment they…
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£40,000 Mortgage or Loan?
I would like some advice on way a mortgage or loan would better for me. Here's my situation My parents have agreed to sell me the family home for £40,000. What I'm wondering is would it be best to get a mortgage or a loan to pay this? Now I understand that a loan has a higher interest rate but with a loan they'll be no…
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First time buyers screwed
Hi all - I need some help and advice please. My son and his girl friend managed to get together £10k towards a deposit on a property. They then find the house that looks right for them with a 10% deposit required. They eventually sort out a mortgage for £100K and go ahead with the search etc. After the search, which shows…
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Royal Bank of Scotland and rate cut?
When are they passing on the rate cut? Will this apply to their standard variable rate?
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FTB - What would you do in my position?
Hi, I'm looking for some advice and a reality check please! I've been saving for a deposit for some time now and have seen a house I really love. I went to get some up-to-date mortgage advice and it seemed the only mortgage available to me on my income alone at fixed rate is an RBS one fixed for 5 years at 6.89% which to…
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Any other Principality borrowers?
Following the recent interest rate drop has anyone received confirmation from Principality that their monthly mortgage payment has reduced? When the rates have previously gone down I have received a letter within a few days but haven't had anything this time. Thanks.
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Financial Quotes of the Week
"There will be more people asking more questions, and getting more information. There is no doubt the touch will be heavier" "Bluntly, we have been doing supervision on the cheap" "the FSA will have to pay some higher salaries than it has in the past" Adair Turner, Chairman of the FSA Absoloutely outrageous!!!! The FSA…
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Endowment payouts set to fall 20%
Following market losses in equities, bonds and property. FT report
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mortgage statment numbers dont seem to add up
Hi, I'm looking at my mortgage statements in an effort to understand exactly what will be left to pay at various points in the future and impacts of overpayments etc. Last year (07), has an opening balance of £53002.39, and I made 12 payments of £435.78 (5 year fixed 4.49% for 15 year total). Interest is calculated monthly…
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Mortgage advice - should we even bother?
Any advice/thoughts will be gratefully mulled over! Husband and I would like to buy a place in the next year. He's self-employed but is completing first year of accounts now. I've got a part-time job, but am looking to get another part-time job to augment earnings. Between us I understand it will look like we won't be able…
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Reclaiming PPI and Life ins sold with mortgage?
Hi all, I am not sure if I am posting in the right place - could someone move me if I'm wrong... I am coming to the end of a 5yr fixed rate with abbey (nightmare in itself) This made me look at our PPI and life insurance (Dec Term) sold with the mortgage. I decided to get some quick quotes from other companies for both and…
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Upper age limits
I am now 57 and my wife is 54. We want to move early next year and wonder whether we can still get a 20 year or 25 year mortgage and on what multiples. Any advice please?
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which is better....
to over pay on your mortgage (anything between £50 and £500 depending on circumstances each month) or to save the money in a high interest account and build up enough to pay a few thousand pounds off in one go??
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Current Account Mortgage
Hi there, I currently have a current account mortgage(CAM) with VirginOne and have done for the last 10 years,but i'm just wondering if there any more CAM's out there with better rates,as at the moment i'm paying 6.7%apr Regards Gary
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First Direct Tracker deals pulled
First Direct has pulled its both 0.49 & 0.79 tracker deals from the market. I dont reckon they going to replace these with anything competative.
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Can I claim back arrears charges with my Mortgage Provider?
Firstly, apologies if this in the wrong forum. Secondly, I have a mortgage with Mortgage Express (Aka Bradford and Bingley) and two years ago I experienced major financial hardship and could not meet my monthly repayments. Any how, they demanded I negotiated a payment proposal by sending an agent around to my workplace…
