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Adding a name to my title deeds
Hi, my father lent me money to start a business, i haven't been able to repay him the money back yet but wish to add his name onto my house title deeds (there is no mortgage on my property) so that he could eventually get his money back if needed. Would there be any implications on this and how do I do this. I would…
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alliance and leicester
I have just finished a discounted rate with my mortgage, and the alliance and leicester have just wrote to me saying that as im currently on the A&L standard variable rate, i will be able to save money if i phone them........ i recently phoned them and as they are not allowed to offer advise could only quote me loads of…
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Standard Life Endowment - Advice please!
Hi - My first post! Just received my yearly Standard Life endowment - it was taken out to pay off a mortgage of £50,000. I need help and advice - should we cash it in? Provider: Standard Life Guaranteed minimum at maturity: £25,383 Surrender value: £18196 (as of yesterday) Monthly premium: £64.00 Maturity date: Apr 2015…
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Drop in income - am I stuck?
Almost exactly two years ago my wife and I moved house. We were both working and earning decent wages and the mortgage was a shade under 3 x combined income. We went for a three year capped tracker mortgage that has proved to be a great deal ... ... but. My wife is now out of work (she was the larger earner) with no real…
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Mortgage rate comparison table
Newbie here so bear with me. Is there anywhere a SVR comparison table? I've raked about the web a bit but couldn't find one. Plenty of Mortgage product comparisons though. I'm interested in seeing which lenders have dropped their SVR's and how low compared to the base rate. TIA :D
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northan rock mortgage
hi i wonder if anyone can help me this is the first time i have used a forum site and i wanted some info. in sep 07 me and hubby took out a 100 percent mortgage with NR for 154k. we chose a 3 year fixed rate at 7.19 due to expire next sep 2010. however due to the recession our flat will probably be worth around 135k then…
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complicated mortgages
Here is my dilemma. I am moving from my too small house which has a third of it mortgaged, to a larger house. My existing house is going onto a buy to let and the new house a repayment. I am on a low income(pension early retirement) my mortgage advisor has found mortgages for both houses as my existing mortgage is with…
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2nd Mortgage or Remortgage help
Hi all... We would like to purchase a second property, however our lender has informed us today, not only are we not allowed a second Mortgage with themselves but also under the T&Cs of our existing mortgage, we can't enter into another mortgage agreement with another company. So would it be feasible to remortgage are…
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Fixed vs Variable/Tracker
Hi, Myself and my partner are looking to buy our first house. We have approx £35k deposit and are looking around the £155k mark. The advice from a mortgage advisor is to go fixed, as the base rate can't go much lower. My question is, would it be better to get a variable/fixed rate mortgage with no tie in, then switch to a…
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Abbey Mortgage income proof!!!
hi guys, me and my brother run our family business which was handed down from our father, which is doing very well, he has the business building as a freehold under his name, he has had enough and has decided to retire he is moving back to cyprus with mum, his business mortgage is 80,000 and its worth 220,000, he is giving…
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Transferring mortgage from person to person
Hi all, I live in a house that my parents own and was thinking of buying it from them and getting a mortgage, but - to my dissapointment, i'm unable to (bad financial link that i can't remove) . My question is; can my parents transfer the mortgage into my name (removing their names completely) so i am the sole owner and…
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Mortgage advice sought from potential first time buyers
I know this type of question gets asked a lot on these boards but the searches I have done on the forum bring up threads that are quite dated and I am seeking advice as per the current housing market. I am desperate to get on the property ladder and buy my own house. I have a stable civil service job and earn 21k a year.…
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If you paid off an ERC....
Simple question: If an Early Repayment Charge is paid off in advance do you simply go onto the lenders variable rate? Thanks
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5 or 10yr Fixed mortgage for F/T Buyer?
The G/F and I are first time buyers and have been accepted for a mortgage. A mortgage adviser from an E/A and from the Halifax have both suggested a 5yr fixed. They also do a 10yr, this seems a better option but they both recommend the 5yr over the 10yr, Why is this??? They both dont give proper reasons other than your…
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vodafone stopping me getting a mortgage!
vodafone stopping me getting a mortgage! In february, I tried to take out a contract with vodafone but quickly realised they are incompetent. WITHIN THE 14-day cancellation period, I returned my telephone unused and with the seal unbroken. (I have proof of posting, and have sent a copy to vodafone.) Since then, they have…
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Mortgage - Interest Only + lump sum payments
Hi, Managed to find a buyer for our house and got an offer accepted on a property we wish to buy, so now it's time to look at mortgages seriously. Currently looking to borrow £120k against a property of £295k and salary multiples for £120k shouldn't be a problem. Hopefully a 10 yr fix. Type of mortgage we are looking for…
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Is there really no one lending for people in a DMP?
Just had a very brief chat with London & Country and basically been told that there is no mortgage deals available at all because I'm on DMP with CCCS (even though they didn't go into any other details) Situation.... We're looking to sell 2 properties and move into 1. Property 1: Mortgage £127,000 with The Mortgage Works…
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Silly question about overpayments??
Afternoon, im sure this is a silly question but have to ask as its been bugging me all day! we have two mortgages now. one for our first flat which is now rented and one for our second house (our main home) our mortgage on the flat is £152K and would say that in todays market, a realistic price for the property assuming…
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First time buyer
Please help, I am a first time buyer with a 10.5% deposit for a house. I have made an offer on a house but I am now having great difficulty finding a mortgage that will accept a 10.5% deposit, thay aree all asking for 15-25% which I do not have. Does anyone know of any mortgage companies that are still providing 10%…
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Leasehold
Hi all, Hope this is the right place to ask this question - my apologies if it is not! My partner and I have just bought a detached house which is on leasehold. It is a brand new house and so has 999 years left on the lease. We bought the house for £188,500 and pay £150 per year for the lease. My question is, how do I…
