-
mortgage for a student and his girfriends parent?
Hi all It's come to my and my girlfriends attention that we could be paying the same if not less in mortgage repayments (for a 2-3 bedroom house) than we are paying to rent (a bedsit). Her father has offered to be named on the mortgage, so that the bank has someone to assess for the mortgage that actually has steady…
-
2 yr fixed mortgage rate with A & L
I can get a 2 yr fixed deal with A&L for 3.69% and also knock 4 yrs off my mortgage. The rates have been slowly coming down by 0.5% each time. Should I try and hold out a bit longer or would you accept the rate of 3.69%
-
Endownment help
I currently have a standard life endownment which is performing not too well I'm not sure whether to surrender it or not as its maybe a bad time due to the recession? I would appreciate any advice offered. Its a standard life policy which i have been paying since 1991, It was supposed to cover a £30000 mortgage but the…
-
Parents want to Buy to Let
My parents are thinking of BTL a bungalow so it's ready for them when stairs become an issue. They're 71 & 72. They've got a good pension and will want to borrow ~25% of the purchase price (<2x that income). They'd be looking to pay back over about 10 years. Is there a list of lenders with the ages they'll lend to? They…
-
How do I go about surrendering endowment
Hi I am hoping somebody will help me here. This is a bit on the long side and my 1st post, I just want to ensure I have included all the info so I apologise in advance! My question is this: how do I go about surrendering an old endowment policy that I have? (Preferably without paying a financial advisor £100 - 150 to do…
-
Mortgage and Defaults
Apologies if this is a bit too general or stupid question!!! I have 3 defaults on my file, 2 have been settled and the 3rd still has £1400 against it. My question is will I still be able to get a mortgage with this credit file (credit score is 862) and what percentage deposit would I need, or will I need to wait to clear…
-
Can Mortgage Company do this?
Hi all, I am currently fuming with my mortgage company, they are Capestone. Firstly a month ago they told me that a payment I have made 3 YEARS AGO, just came back to them as unpaid (It was direct debit). Now, I have been to court due to arrears last year, and the court ordered me to pay a certain amount each month my…
-
House swap
Hello Me and my brother are in the same financial predicament of being unemployed home owners. We'd like to swap our homes as I need a bigger house which he has and he's happy to take mine as he wants to sell it and take the equity or rent it out as he's moving in with his girlfriend. We basically just want to swap the…
-
is it a good time to switch mortage lenders
Hi, i am currently getting calls from certain financial groups offering to get a better motrage deal with the current low intrest rates. I am wondering if now during the current financial climate is it a good time to switch or are you safer to stay where you are? thanks in advance ian
-
Do they offer you another?
See if your house valuation falls short of the ltv with a lender after a surveyer has been out and u have paid booking fee etc, do they try and offer you another deal or are you bumped? Reason I ask is I have applied with Abbey for 3.95% ltv 60% just nervous house is under valued, then end up with no remortgage. Would I…
-
Admin fee £999 paid twice!
Hi all we got a formal offer for our mortgage after much hassle and the seller dropping their sale price to the banks valuation last week, our mortgage advisor rang us up telling us the good news but we got 5% gifted deposit so it left us with 10% so we had to go with a higher rate 7.25% (instead of 6% with the 15%) so i…
-
FTBI Mortgage Refused, normal mortgage offered
Hi I'm after some advice... I'm trying to get on the property ladder via the government's First Time Buyers Initiative, where I'd only need to get a mortgage for 1/2 the property's value. The value of the property I'm after is £180,000, so the mortgage would be £90,000. Halifax are one of the banks who offer mortgages…
-
Endowment mortgage
Hi, I had an endowment mortgage years ago when I was married and I remember having a letter stating it would probably not cover the mortgage on the house we had, so we cashed it in and I went one way and my then husband kept the house and had another mortgage. I remember signing a form and we shared the money. It was…
-
1st Time Mortgage and Debt Advice
Lo Ppl, I'm hoping some of you far better imformed ppl will be able to answer a few basic mortgage related questions/worries for a first time buyer. Basically my lovely wife and I are looking to buy and are about to sit down and see what mortgage offers we can procure. My main worry is that the amount of debt we have…
-
NR mortgage payment date?
Hi i have a mortgage with Northern rock and i was wondering if anyone can inform me if its possible for me to change that date that my direct debit is taken each month? Thanks
-
Mortgage Fee Advice
Hi Guys I am hoping someone can advice me about the following..... My partner had really bad credit and was in debt left, right and centre. To ensure that his bills got paid appropriately I had everything come out of my bank account. There mortgage is with Rooftop and as a consequence of me paying the account from my…
-
927 credit + £25k salary : where can i get a mortgage
Im looking for a mortgage for a first home. I applied at experian and my credit score is 927 .I had loan for 5000 (settled) , car loan ..still 3 000 to pay .On my credit report however there is a £90 fine from court...i have paid but its still on the file...also there is a 6 months late payment history on my profile.. I…
-
Oh for a crystal ball!
If only I knew how soon and how steeply interest rates will rise then I could decide what to do when my 2 year fixed rate ends next month. I've been offered (a) 4.69% with £299 fee for a 5 year fixed rate (interest only) or (b) 2.99% standard variable rate (interest only). (a) or (b) - any votes? Cheers Bertie
-
Mortgage redemption question
Hi I'm wondering if anyone can shed any light on something for me? We're remortgaging (taking advantage of mortgage expresses early redemption penalty waiver) and have just had the figure from the conveyors as to how much the shortfall is we have to pay (our new mortgage is lower than the old, we're paying off some cash).…
-
10 year fix or not to fix
should i fix for ten years or not. Im of the opinion that rates will increase in 2010 to maybe pre credit crash rates. The trouble is that as someone has to pay for the banking crisis i can see it could be us mortgage payers will pay dearly. I only have 10 years left on the mortgage. Thanks for your ideas.
