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Mortgage options with favourable LTV
Would anyone advise what my best options would be for a mortgage on a property I have a 75% deposit for? I am a first time buyer with no outstanding debt and an income that will comfortably service the mortgage payments. Thanks...
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what percentage of interest rates have you factored in for affordability
i posted this question a while ago on the housing board but think it needs to be asked here...when factoring in affordability what rates are you using? . as i reckon interest rates will be so much higher in the next few years.. i would be working my payments out at 8 to 10 % to see whether i could afford them..or are…
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Landlord entitled to possession of shared ownership property on grounds of non-paymen
a little warning to people.. The facts In 1995 the claimant, Ms Richardson, acquired a 99 year shared ownership lease of a property from Midland Heart Limited and paid half its then market value. The lease required Ms Richardson to pay an annual rent subject to an annual increase determined by way of indexation. As is…
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if i pay cash for a house what happens?
when it comes to putting names on the land register...can i just put mine only or the wifes only or both or even a relative? thanks
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What happens now?
OH and I have been approved "in principle" for a mortgage with the Nottingham Building Society. We have sent bank statements, payslips, utilities bills, passports to our broker who will take copies and pass onto them. Unfortunately my usual broker was off sick yesterday, and the gentleman I was speaking to at L&C seemed a…
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Homebuy direct mortgage
Hi I made a appointment to see a halifax mortgage advisor tommorow regarding a mortgage for a property we have seen on the homebuy direct scheme, but am unsure we should attend it now as after entering our income and spenditure on thier website it say we are eligble for upto £45k, but to purchase the house we require £70k.…
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Re-mortgages for advers credit
Hi, I was wondering if anyone knew of any lenders that will offer re-mortgages to people with adverse credit. In 2004 I took out a debt management plan with the CCCS, and have been sticking to it ever since. I have never been bankrupt, never had an IVA and I do not have any mortgage arrears. I am currently employed in a…
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Annual or Daily Interest?
Our current mortgage ends soon and I am going onto another fixed rate scheme for 2 years with our current provider. I'm just doing the paper work and there is a form in there for us to sign headed 'Transfer from Annual to Daily Interest Rate'. Is this a good thing? Not sure if to sign and send it back or not? I don't…
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Mortgage or loan for new unemployed
A bit of a long one ....sorry My DH has now been made redundant. We have our house on the market, our plan is to sell and buy a place outright. At least that way my DH can take a job which suits him best rather than the bank manager!!! The thing i need to know is: If we needed to borrow further money for example 20 - 30k…
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Repayment mortgage and capital payments
I have a question please. I am on a fixed rate mortgage of 5.18% until 2016. I have had the mortgage since December 2000. It was £52150 I now owe £41156.36 So, I have been paying off just over £1000 per year I understand, that after a certain time, (ten years?) I start to pay captial off. I understand that the amount owed…
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Mortgage or a CCA Regulated Loan - which one?
I took out a mortgage in 1989 for £180,000 with a High St bank.same day I was granted a further advance of £10,000 for ' home improvements' all documented separately from the mortgage. Should this have been a CCA regulated loan rather than being dumped (consolidated) into the mortgage? If so, can I ask for it back as it…
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Reverse mortgages - any info?
I've tried searching 'reverse mortgage' and 'home equity release' amongst other terms, but can't find any thoughts on this from Martin Lewis. Does anybody know if he has commented and if so where? I'm (mid 60s) considering this path rather than loan/s but really need to hear some advice. Does anybody here have any…
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Got this far... What can go wrong now?
Hi folks... after a ot of jumping through hoops I have finally been accepted (confirmed by the underwriter via my broker) by RBS for a mortgage. So my file has been sent for checking and has also been selected at random for an FSA audit. I'm told we should have some movement on Monday and hopefully we will be able to…
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Cashing in part of Endowment - possible?
Hi looking to pay off my mortgage early by cashing in my endowment early. Its due to finish in 2023. The current value is £9000 so ideally I would like to withdraw all but one pound. i.e. keep it running. Additionally rather than pay 10 clusters into it pay just one. And just use this as a savings policy. Am waiting for…
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Mortgage Question
Looking through my mortgage deal signed back in Feb 08 Im just wondering how moving house effects my mortgage. Mine is a 30 year 80K mortgage, 'interested only' although we are overpaying it which can be done at no extra cost. Ive phoned several times and Lloyds TSB confirm to me that I have flexibility to overpay it as a…
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End of fixed rate - new variable LIBOR rate
I was hoping someone would be able to help me work out how much my new payments would be please. My 2 year fixed rate mortgage ends 31/08/2009 so in October it will change to, in their words '2.8% above LIBOR.......which is usually on the 14th March, June, September and December.' Does that mean it is linked to the 3 month…
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Solicitor now told me that only I can go on land registry title
Hi All, I have done a part ex with a builder on a new build. He bought mine - I bought his. I was told at the outset that if I was the only person with a salary (wife is housewife) only I could go on the mortgage application. I did though put her name on the forms we had to complete for the solicitor which asked about…
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Deal coming to an end....looking to move !
Our fixed mortgage deal comes to an end in Sept. and is with SPML. SPML are no longer offering new products so our only option is too move to another lender however, this is not possible as our LTV is 95% and there are no 95% remortgage lenders on the market at present. We have considered selling the house which will pay…
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Shared Ownership Mortgage help?
I do not have the best credit record I have some late payments earlier this year (due to me not budgeting correctly during my final term at uni) I don't have any defaults or CCJ's. I have been offered the chance to buy a shared ownership property at a value of £140,000 with me buying a 50% share. I am currently in my…
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New builds
Are new build properties still as likely to sink in value as they were say, 12 months ago? I've been speaking to a developer and have eventually gotten them to take 20% off their price and I now have 20% of that available for a deposit. Does this sound typical? Are lenders likely to go along with this?
