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Additional borrowing on existing mortgage ?
My husband and I have separated. He wants to buy a property, but needs equity from our joint property as deposit. Can I borrow the additional money at my current rate (standard base rate with Nationwide), or do I have to take out a new deal for the extra ? There is enough equity in the joint house to buy his property…
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Hidden Court of Appeal Ruling on Mortgage Arrears.
The Administration of Justice Act 1973 states “reasonable amount of time to repay arrears”, COURT of APPEAL 1995 Cheltenham & Gloucester Building Society Vs Christina Norgan Ruling: Arrears on Agreement can be repaid over the full period of that agreement. A court not being obliged to set a shorter period. In laymans terms…
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HSBC - Good customer service
Hi My stepmother died in 2007 intestate, without life assurance leaving 3 minors. They were obviously unable to make mortgage payments from the time of death and the house was empty until it recently sold. Throughout this period and despite being very near negative equity the HSBC were a pleasure to deal with. Every letter…
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Final lending decision C+G
Hi, i am remortgaging with the above for extra funds for home improvements, the mortgage was agreed in principle, had a valuation and all documents are in and i am now waiting for the 'Final lending decision' before the funds are released. My credit report has been looked at by them, and they have recieved all documents,…
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morgage advise please
hiya all i just recieved a letter from abbey offering me a new deal for my existing morgage. i am currently paying 6.29% fixed till october, owe £104k on a house worth £170k. i am only intrestred in fixed rates & have been offered the following:- 3 years fixed @ 4.49% 5 years fixed @ 4.99% 7 years fixed @ 5.39% all rates…
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Selling an endowment?
Hi everyone, we'll shortly be selling our house and wish to cash-in the endowment policy that was taken out when we got the mortgage (about 17 years ago). Two questions - 1. Would we get a better return if we went to one of the companies that buy your endowment off you, rather than 'redeeming' it directly (Norwich Union)?…
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MORTGAGE EXPRESS - We don't know what to do?!
My husband and I have had a £135,000.00 self-cert 90% mortgage (property bought for £150K, last valuation was £170K, but probably gone down now) with Mortgage Express since March 2005. As customers have been made aware, they can no longer assist with mortgages, so when our 2yr 6.59% fixed term (£750pm) ends Feb 2010, we…
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Best providers of "Let To Buy" mortgages?
Hi Guys I was just wondering what would be the best starting point to look for good deals on "Let to Buy" mortgages (Not buy to let!), this would be my first house so I know know nothing of whats involved (yet!) so any other tips and advice would also be welcome. Just a little background, I was made redundant but found a…
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Taking over Joint Mortgage
Hi Bought a house (House last valued at 250000) with by bf 3 years ago the mortgage payments are 930 a month that my pay can cover. We have both moved out and he has agreed for me to take over the payments, signed the house over to me but we need to seperate the mortgage. How do i do this, the mortgage is 193000 which is…
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mortgage in scotland/no kitchen?????
Someone must know where we can get a mortgage to buy a property -in rural area, previously a shop. Woolwich will give us a mortgage IF the property has workable bathroom and kitchen :rolleyes:- property has bathroom but no kitchen so no mortgage from woolwich. It will take half an afternoon to fit a kitchen sink, worktop…
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95% LTV Mortages
Hi there, I am a bit new to this so please excuse me. My wife and I have an A&L 3 year fixed mortgage @ 5.79% which will expire at the end of September this year. Because of the downturn, the A&L Halifax pricing tool/index has put our property into the 95% LTV bracket. Therefore A&L have offered us 4.99% for 1 year with a…
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Buying Parents Home
Hi My parents have got into trouble with their mortgage and I am currently, with the help of a broker, looking at ways I can help them. The broker is suggesting I get a mortgage and buy the house off them. They will gift me the equity and I get a mortgage for enough to pay off their mortgage and a secured loan they have.…
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Can you Hedge to get effect of Fixed on a Tracker?
Hi, I saw mentioned on a thread that there is a way to buy an instrument that gives the effect of a fixed rate mortgage whilst one is on a tracker. The thread mentioned that it was not perfect but didn't go into any details. I'm currently on an excellent tracker deal and would like to hedge against future base rate…
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Gaurantor wants to be off my mortgage
Hi - hope somebody can give me some advice here please. My ex-husband has been the gaurantor on my mortgage since I took it out 2 years ago after we split up. I'm self employed but only earn an average of £15000/year although this isn't reliable (especially at the moment) & he earns around £60000 (in military). My mortgage…
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FSCS endowment settlement error & wanting cash back!
I am wondering if anyone else has had this experience and where I stand with repaying the money. We made a claim to the FSCS for endowment miselling and were awarded a settlement last November. We received 2 cheques and 2 letters both dated the same, each for £2,500. We wondered if the 2nd was an error and contacted FSCS…
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when is halifax going to do some decent mortgage rates?
when is halifax going to do some decent mortgage rates? it used to offer the best deals around but now they are really poor, i can only remortgage with them but atm they so uncompetitive!
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Fix or Not? Advice needed
We are currently on the SVR with Northern Rock @ 4.79%. We have just finished a 2 year fixed @ 5.79% and our mortgage payments have reduced by just over £100 p/m. My husband is Self Employed and I am expecting our first baby. Our situation is as follows: Outstanding mortgage of £167,000, LTV approx 83% with realistic…
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Fixed @ 6.29% for 3 yrs should we ditch?
Hi we currently have a fixed rate of 6.29% with the abbey until Oct 2011 with early repayment charges of £2250 approx, should we look to come out of the deal and get a better rate for say the next 5 years instead? regards VLT
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Joint mortgage, a break up and negative equity
My friend bought her first house 3 years ago with a partner. Both names on the deeds and a joint fixed rate mortgage from Northern Rock. They borrowed more than the house is worth in order to have spare cash to furnish the place and put very little down as a deposit. They borrowed £110K and I believe the house is now worth…
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LTV - This whole credit crunch and LTV thing could be a problem...
Hi there, I'm married and my husband and I both have fairly well paid jobs. We have accepted an offer on our house, and are looking to move up the property ladder. We've done our sums, and worked out that we can afford to pay up to £375k for a new house, and this is taking into account our plans to start a family and the…
