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Anyone had experiences with Abbeys Fast Track mortgages?
Our IFA has suggested we consider this but i'm not had experiences with a fast track mortgage before. Anyone used this and been successful?
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Equity release?
Hi. I'm just throwing ideas around in my head, so bear with me. We're in the middle of hopefully moving house. Everything is fine with our mortgage and most of the solicitors work is done. But, our buyer still hasn't had his mortgage offer -it's been 9 weeks - and I'm worried it could all go pear shaped. I'd really hate…
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Overseas resident seeking mortgage
I am a UK national living in Bahrain, I'm in a well paid job with a 2 year contract which is renewed annually. I have a UK home valued at GBP350,000 with a small mortgage of GBP15,000. I recently tried to remortgage with a view to raising GBP100,000 to buy a small flat and the only offer I could find was with an…
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Personal Guarantee on commercial mortgage
Hi everyone I am a director of a limited company that has recently bought its premises with a commercial mortgage for which I had to provide a personal guarantee. My question: Will the existence of this guarantee affect the amount I can borrow on a personal mortgage? The commercial mortgage is in the company name, and also…
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Remortgage concerns over interest rate increases
Hello all, as the subject details my main concern is a sharp rise in interest rates. I am coming to the end (on 31/12/09) of a 2 year fixed rate mortgage. During those two years my salary has increased substantially by some £7,500. I have always been able to repay my mortgage on my flat (purchased for £85,000) which I…
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what is the best way forward after split!
Hi there wondered if any one can help me. I am married with 3 kids 7,5 and 3 and my hubby and I have decided to split. What is the best way forward with our properties and business. I gave up full-time teaching to bring up my children but built up a successsful tutoring business from scratch. I converted out dining room…
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Student Mortgages??
Hi there, looking for a bit of advice/info from you guys. I bought my house in June 2007 with a standard mortgage from the A&L house valued at £105000 at the time paid 10% deposit and have been paying ever since ;) Since then I have quit my job and start university this September, me and my partner both have part-time jobs…
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Secured Loan Company - Being unreasonable?
A neighbour has approched us to purchase a small section of our garden, it is about 10ft x 10ft, and is a small strip that you would presume is not ours as we have left it derelict for 20 years, but it is on our deeds, and we are the legal owners. Just over a year ago, i lost my job, and we got into debt, which included…
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Some help please =)
Hey, A little bit of background, I bought my home when I was 18 at 45k 100% mortgage with NR as I used my savings to buy everything in my flat. I have been told it is worth a little bit more (even with the credit crunch) at 50k by a couple of estate agents (as I was thinking of selling but changed my mind). I will have had…
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StJP Offset Tracker Mortgage advice options
Some advice please. We're due to reach the end of a 2yr offset variable repayment mortgage and will be going from .44% to 2.5%. We have 70k savings offsetting 117k (current mort balance) and payment will go from approx 750 to 860 per month. It cost nearly a grand to set up 2yrs ago. Ideally we'd like to talk them into…
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Name removed from mortgage-is this possible?
I am trying to work out my options and would be grateful for any advice you all could give me. In December 2007 i bought a house with my now ex-partner. We then split up in March 2008 and since then he has been paying the mortgage on his own. We are fairly amicable still. It wasnt an option to sell the propery as we knew…
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Woolwich (borrow back)
I'm lucky enough to have a lifetime tracker mortgage with the Woolwich (now Barclays) at 0.24 above base rate. Over the years, I've paid off quite a bit of the original loan amount off. I'm now moving house and need to borrow more money. Barclays are saying that I will have to borrown the additional amount at a new (much…
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Self Cert Mortgages
Hi. Does anyone know if any of these mortgages are still around in this economic climate. Thanks
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Who is responsible for Mortgage funds whilst with Solicitor?
Once the mortgage funds have been transferred to your solicitor whose responsibility are they, the lender's, the solicitor's or the buyers?
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remortgaging in Scotland: solicitor
Hello all, I am after some information about finding a solicitor to do the conveyancing of my re-mortgage in Edinburgh. I will receive up to £400 cash back from HSBC to cover the legal expenses, but I have to say that I have absolutely no idea of what it could cost me approximately. So, I'm facing the daunting process of…
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The Mortgage Works - Portability
Hi all.. Just wondered if anyone can offer any words of wisdom / experience. Me and OH looking to sell 2 houses and move into 1. I have a self-cert mortgage with TMW - held for 3 years - never missed a payment. I went into a DMP through CCCS in 2007 - due to my business declining and I was struggling to keep up. I've been…
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Increasing mortgage amount with NE - unusual situation.
3 years ago I got my first time buyer student mortgage with HSBC. It was a 100% mortgage for £110k with which I bought my flat and have lived alone ever since. I have been paying £503 each month as the first 3 years have been fixed interest only and this will end in August. The repayments will then be around £370. I've…
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If hubby died would we get the house, mortgage is in his name
My hubby of 3 years, has a mortgage with £70k left to pay, house is worth £165k. I am not on the mortgage or the deeds. also he made a will 5 years ago before we met leaving everything to his sister, but the solicitor told him that would be null and void if he got married We have 1 son and 2 daughters, I worked till my son…
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What is the difference between remortgaging, refinance?
I have not purchase a single flat or house yet so I probably will be a first time buyer if I have enough cash for deposit. When I come across on researching mortgages, few of the terms come up and I have been searching the real meaning of remortgaging and refinance but I still cannot separate them from one another. Can you…
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no income proof - which mortgage?
I am going to buy a flat (130K). I'd got 40K in cash to put down as deposit. The LTV will be just around 70%. My existing broker tried to do a "fast-track" application to Abbey, but they asked for my proof of income. The situation is that I could not prove income. The only "proper" job I have will be the supermarket…
