-
Consent to lease problems...
Hi guys, I'm new to the forums but I've got a bit of a problem and need some advice. My partner and I own a one bed flat, which we live in with my our two year old son. My partner also works from home and as such we ran out of space a while back... We are planning to rent our flat out and rent a bigger place until such…
-
Bank say 'no to mortgage help'
Went to my bank LTSB as hours due to cut backs at work we will now be £400 a month worse off and won't be able to meet some payments. Decided to start with mortgage which is in a fixed rate with a year to go. The bank say we can't buy out to SVR as C&G don't offer the SVR as a product. Can't have a repayment holiday or…
-
Finding out your house valuation and LTV
Maybe a stupid question but I don't know the answer. How do I find out what my house is valued at exactly? I am looking at remortgaging in the future and want to know my LTV whether it is over 90% or under. But I am unsure how to get it valued without getting an EA in? Any advice would be great.
-
Help-2nd mortgage advice needed pls
Hi, my wife and i have been reckless and got roughly £15000 in debt on credit cards. I am looking for a solution as the repayments are crippling her in particular. I want to get a 2nd mortgage to run alongside our fixed rate one to clear these debts and get rid of the cards but am finding it difficult to find a decent…
-
Advice on changing mortgage and reducing term
Hi everyone, Can anyone give me some advice please. We currently have a mortgage of £104,000 fixed on a 2 year deal (1 year left to go) at 5.79%. our redemption fee is 3% and the total term left on this is 23 years. I'm considering changing to a 5 year fixed rate of 3.99% as this will allow us to reduce the term left to 18…
-
Northern Rock - Consent to Let
- Anyone knows what is the criteria in which Northern Rock decides whether to grant "Consent to Let"? (a property with residential mortgage to be let out) - Is it a straight forward/easy process? - Will they apply a different % rate (it's currently on the SVR) - Are there any fees involved? - what happens after the CTL…
-
Standard Life's Mortgage Endowment Promise
"Remember that your plan currently satisfies the eligibility criteria of the Mortgage Endowment Promise and, if the relevant conditions are satisifed, may qualify for a payment under it." So it may, or it may not. "A payment" could be 5p. What are SL currently paying out under their MEP? Endowment assurance: 92 per month.…
-
Endowment misery
Any help appreciated please! Standard life homeplan with profits now worth £2000 less than 2 yrs ago. Paying £70 a month. The plan is 12 yrs old and matures in 2016. Current shortfall is £5600 but not relying on it to pay off mortgage. Cost of life/critical illness is £35.98 (not sure per month or year). Plan currently…
-
Mortgage deal- can u help?
I am currently looking for a deal for a £120k mortgage on a new property, I have a balance of £60k on my present mortgage which is a tracker for the life of the mortgage of BOE base + 0.95% which is great at this moment in time and can be transfered if I stay with ny present mortgage lender. They have offered me a fixed…
-
Halifax
hi i have a fixed 2 yr mortage with halifax (bought house in march 2007 for 361k with 85% mortgage) which has now come to an end when i recently rang halifax they valued the house at 315k and with 288k mortgage still outstanding the best rate they could give me was 4.89% (95% lvr) with £1249 fee. I am not sure if i agree…
-
near retirement mortgagee and me
my mum has offered to re mortgage her property ( value @160k - no mortgage now) to loan me and the gf £40k so we can move up the ladder but keep our current deal (1.5% abv base). so... she is 56 and doesn't work anymore but has a pension ( dad passed away) of @9k a year. If we ( me and mum) try to get a morgage together on…
-
HSBC - what will happen?
Evening everyone, It's my first post so go easy on me! Our 2 year interest payment only mortgage ends in June 09. We are paying approx £480 and it is fixed at 5.79%. It is for £100,000. At the end of the fixed period we are told it will revert to the SVR at that time. I rang HSBC today to find out what will happen in June.…
-
mortgage debt
have recently split with my husband. i moved out of the family home with my two children into a rented property. my husband has not paid the mortgage for the last 2 months. i don't want the house to be repossessed as i will end up with nothing out of it. i can't afford to pay anything towards the mortgage as i am now on…
-
FTB with a guarantor
My girlfriend and I are FTBs currently looking to buy in the next six months in the Greater London area and are hoping to take advantage of the drop in house prices. As we have never had a mortgage before I have a few questions which I hope you will be able to help me with. We have a £50000 deposit and would like to buy a…
-
New rates for exisiting customers (Halifax)
Heres the link for those waiting for something better like me. http://www.halifax.co.uk/mortgages/newdeal.asp Not a lot of difference unfortunately. A 4 year fixed has been added. Fee of £1249 still applies but I think the rate has reduced from 5.29 to 4.99 on the 4 and 5 years. Also you cannot get the 3 year unless you…
-
Advice re defaults and mortgage application
Firstly sorry for repeateadly asking so many questions (feels like im posting everyday with a new set of problems!) I have done nothing but worry since we applied for mortgage (last monday) due to my less than clean credit report.Today bank contacted me asking me to get my credit report as their was something on it.I was…
-
Remortgage Advice
I bought my house in September 2007 for 90k, I put down a £18k deposit. At the time I was earning 20k per annum, I'm now only earning just under 16k as have had to take a part time job. My worry is that when I look to remortgage in September I will in effect be asking to borrow around 90% of the house value which is now…
-
Payout time for MPP
Hi there, I've been looking for a policy to cover sickness, disabilty and unemployment ready to start for a remortgage. I tried Martin's suggestion with payment care and everything seemed fine, until I read that cover won't be paid out until 120 days after start date of policy. This shocked me, as it seems a long time and…
-
Ftb 85% Ltv
Does anybody know of a mortgage with a good rate to borrow 85% LTV. They all seem to want 80% LTV. Thank you very much !!!:confused:
-
Discussion on Martin's blog: the future of mortgage brokers
Martin recently blogged on mortgage brokers, the discussion of his blog is here: http://forums.moneysavingexpert.com/showthread.html?p=19781137#post19781137 (Thought it worthwhile linking it to the mortgage board; hope it doesn't fall foul of forum etiquette.)
