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Mortgages & endowments

Archives for July 2009

stuck with house in negative equity
Hi. If there is anyone out there who can help me with any advice it would be great. Basically i bought a house in 2006 for 110,000 with a mortgage of 113.000 5 year fixed with, you guessed it, northern rock. house needed quite a bit of work etc. now 3 years down the line, my circumstances have changed and i really need to…
Equity release mortgage counted as income?
Can anyone help? My Mum took out an equity release mortgage a while ago that pays he a small amount each month to live on. She recently was re-assessed for her Pension Credit and subsequently her Council Tax benefit. They have told her that this equity money is "income" and has to be taken into account and so she cannot…
mortgage application....
I have applied for a mortgage with Clydesdale/Yorkshire bank and went through the application etc, was advised that I would be credit scored during the application which was fine, I've checked my credit report & the search shows. I was advised that the details will now go to the underwriters and I should hear something…
advice on save vs pay off more mortgage to get better deal
Hi everyone looking for some advice. current mortgage deal is running out, and worked out that if I pay in £14k Ill get the LTV to 75% & therefore looks like there are better deals. BUT I dont know if its better to do this, or to put the money into ISA & savings & just go with a normal 90%LTV mortgage suggestions…
Fees free brokers charging for "admin"
A quick question for the brokers on here.... Is it normal/accepted/wide spread practices for a "fees free whole of Market" broker to charge an admin fee?? In this case £95+vat!
will i get a new mortage
hi, I have a mortgage with the woolwich of £14000, the house is valued at £100,000. My g/f and I have seen a house will like for £55,000 it needs about £25000 sending on it, it would then be worth around £110,000. we earn £26000 per year. once the new house is done, we would move in to it and rent the old house out for…
Mortgage and divorce
Hello, I have a question which I'm hoping some of you moneysavers might be able to help me with or have found yourselves in the same situation. My partner is in the process of getting divorced and currently has a joint mortgage with his ex wife. He wants to remove his name from the mortgage to enable him to be able to buy…
Mortgage shortfall - please help!!!
Hiya, I'm sincerely hoping that some of the fellow forum users on here can offer me some help or advice on what is now becoming a serious problem for my family. Way back in the late 80's/early 90's, my parents were the victims of the 16% interest rate and got into difficulty with their mortage. Subsequently a remortgage…
self employed mortgage
me again! mortgages for self employed people(self employed for weeks rather than years) easy to come by? I suspect not! have 70k downpayment and looking for c120k approach banks or brokers?? our current fixed rate deal runs out next summer....but ideally we would be looking to move in 3 months time! Any advice ??…
Advice on Mortgage I have been offered.
Hi guys I was wondering if someone could give me some advice. Here’s the situation: Outstanding mortgage: £193,000 Fixed rate with Alliance and Leicester: 5.87% Fixed Period ending: 30.09.2009 Monthly payments: £944 Have been on the phone to London and Country and have been advised that the best deal out there is:…
Aviva reattribution - advice please
Hi This is my first post on this forum, so hopefully I'm in the right place! I have a small endowment (£8500) which still has over 10 years to run. It was originally linked to a mortgage that I no longer have, so I reduced payments to the absolute minimum. I have been offered an incentive payment of £200 but am unsure…
Why only a few Banks are offering good Mortgage deals
IS THE housing market really coming back to life? Prices may finally have embarked on a tentative upswing but mortgage lending remains a mixed picture. Mortgage lenders are fast dividing into two camps: those that are burdened with baggage and those that are not. To make up for their past errors, many banks are now…
Mortgage application - outstanding debt
I am looking into a shared ownership mortgage for £92000 (after my £10k deposit), which is exactly 4 x my salary (I get £5k in bonus every year but thought it best not to include this just in case). I did a credit check with Experian and it seems that I have an outstanding debt, which I can only think must date back from…
MAS No.5 SVR
I took out a mortgage with a fixed interest for 3 years with GMAC. A few months later the mortgage was sold/transferred to MAS No.5 in Plymouth. My fixed rate is due to end 1st October and I will be put on the standard variable rate. Does anyone know what this is? I suppose I will be hearing soon but just wondered if…
A Couple's Personal Finance Mortgage Question
I hope i can get some good advice on this situation as i'd like to work out exactly the fairest way of doing this for both parties involved here. A couple John and Paula are about to buy an apartment together. The apartment is £250k to buy. It has a lease which is also £166/month too. John has enough money saved to buy the…
Turned down because property is a key worker scheme
I applied for a 2 year fixed mortgage with First Direct approx 6 weeks ago. I paid the fee £99 up front to secure the rate (3.49%) and informed them straight away the house we were going for was under a key worker scheme as I work for the NHS. This basically means the house is put on the market at 70% of the current value…
Capped Low rate tracker - First Direct
Hi all, Ive recently been looking at the low rate tracker offered by the co-op with the normal, 'will the rates go up enough to make it a bad choice' going through my mind.... The best Fixed on the market i can see is about 4.6% give or take Then i came across this, this morning....…
Euro Mortgages get cheaper
09:03 31Jul09 -Euro zone mortgage loan rates fell in June - ECB FRANKFURT, July 31 - Interest rates on most euro zone household and corporate loans fell in June, European Central Bank figures showed on Friday. The average interest rate on a new floating rate mortgage -- the type which accounts for about two-fifths of new…
HSBC RateMatcher
Anyone recently applied for this deal? Would like to know how quickly the applications are processed?
mortgage holiday with NR
im thinking of having a mortgage holiday ive had them in the past but ive read on here that people have been turned down did they give you any reason why they turned you dowm

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Mortgages & endowments

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