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Mortgages & endowments

Archives for July 2009

Islamic Bank of Britain 3.99% Fixed for Term
Hello, I've seen this mortgage deal with the Islamic Bank of Britain, has anyone else looked into it? Something seems a bit fishy to me - it seems a bit too good to be true. Can anyone spot the catch? Apologies if it has been discussed elsewhere, but my trawl through the threads didn't find anything! Thanks Cod
Anything like the Halifax Retirement Home plan?
Halifax have this where older people can take out mortgages up to 95% of value, with a term going beyond age 100. Its a form of equity release which needs the monthly payments servicing. Does anyone know of any simialr products?
Homebuy - no deposit?
Am I missing something big here or is the claim of 'move into a new home with no deposit' utter rubbish. Surely you still need to get a deposit for the 70% mortgage that you're taking on? I would LOVE to be wrong on this BTW...
Joint Mortgage - Relationship Breakdown
Need advice desperately... Me and my partner split back in Feb this year. We own a house together, Joint Mortgage, Interest Only. He put down the whole deposit. I paid for all the furniture. Since we split I left the house to give him space to see if we would work it out. We couldn't, and he still won't speak to me (or,…
Keeping good mortgage deal.....
My sister is about to split with her partner. I have offered to take over 25% of her motgage as alone she does not earn enough to cover the loan. She has a good tracker deal. How do we get his name off the mortgage, and mine on (or have some legal agreement the BS will accept) without having to re-mortgage???
Mortgage advice please FTB
Had an offer accepted on a house at £87500. Got a 25% deposit in place. Any recommendations as to what mortgages are out there at the moment that may be suitable? Looking at a fixed 3 year mortgage at the moment, rates seem to about 4%. Would like the security of a fixed rate mortgage but open to suggestions. Pretty new to…
Financial advice for first time buyer
My boyfriend and I have applied for a mortgage through a Persimmon appointed financial advisor. He took all our details etc. went away and telephoned us at the end of the day to say we could have a mortgage with Nationwide. He posted the mortgage application out to us, which we both signed and sent back to him with our…
Mortgage and CVA?
Hi I'm just after a bit of info re mortgages. My husband and I sold our house 2yrs ago so that my husband could invest money into his busines and have been renting since. Since we sold our house the business has had some financial troubles and has entered into a CVA with it's creditors. The CVA is due to run to the…
Change name on mortgage
Hi, Can anyone help me. I currently have a mortgage with my ex husband (now divorced) and wanted to know how I change the name on the mortgage and deeds to my current partner. My ex husband is in agreement of me having the house as no longer wants any involvment with it. Mortgage is with Abbey, no payments have ever been…
Should I pay off the loan before I apply for mortgage?
I'm going to have a chat with a mortgage advisor later in August and want to start looking for the house in September after my holiday. I thought I'd ask you guys for your opinion on the following so that I could act now before I see the advisor: I have an outstanding loan (car finance with 0% interest) of £1280 that I pay…
Mortgage SVRs
Is anybody else stuck in an SVR trap? I have recently come off a fixed rate to be automatically put onto an extortionately high SVR- 5% at A&L (and there are many banks which have the audacity to charge even more). This is 10 times higher than the Bank of England base rate / LIBOR. Some institutional lenders are certainly…
Endowment surrender value
We applied for a surrender value in May, and was given a figure, we didn't action at the time, but re-applied this month and it has come back over £1700 less. We had to stop paying the monthly premiums in March 2009 due to reduction in income, so I wasn't expecting it to increase bit I didn't think it would drop so much. I…
Mortgage info please
Sorry, needed to remove this.
turned down due to bank charges
just been turned down ny rbs for joint mortgage.joint earnings of 56000.house price 170000,only 10% deposit.my credit rating fair,partners v good.turned down due to poor banking conduct as i have received fees for going overdrawn.does anyone have any advice as desperate!!!!!!!!!!!!
Complicated income mortgage advice required
Hi everyone, help required please! Loooking to buy a run down house and land for around 300k. Have assumed a 30% deposit will be required which is just possible but was hoping to get a deal with a 25% deposit. Looking to retain existing house on a let to buy if possible, whilst renovations continue, then rent out or sell…
Full Structural Survey & Valuation
Hello! OK, now I know for sure. We have sold our old house (STC) and the surveyors are coming next week to do a full structural survey. Our house is over 150 years old and could do with a makeover, although structurally as far as we know it is sound. However, there are going to be tweaks and minor things wrong (hopefully…
Repossession help and advice please
Basically my wife wants to leave me. We have mortgage and dreaded secured loan (before found mse, i know i know). She wants to sell and move out, we have started to do bit of decorating but don't really have the time and needs new floor in kitchen etc. We had a valuation from estate agent that is about 6k short by the time…
Remortgage on a buy to let
Hi, just wondering if I can pick your brains please. I think I know the answer to this but this has always been an informative and friendly forum for me, it's worth asking ... I currently own a property worth 140k, I owe £52 on the mortgage which is not tied in. Am thinking of putting it on a Buy to Let. Can I change it to…
Natwest turned down BTL mortgage
My wife recently won the bid on a house at auction. We were buying with a view to renovate and then let it out. She paid the deposit and started the mortgage appliction with Natwest, who were very enthusiatic about lending her the money (we already have our residential mortgage with them). The valuation report has been…
Offset Mortgage interest help
I currently have a offset Mortgage with NatWest, I have lent my brother in law £5000 out of my offset account while he sells his house. I am not making anything out of this but said I wanted whatever interest that I lose back when he pays it back. My question is how do I work out the interest he owes me, a simple formula…

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MSE News

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Mortgages & endowments

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