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Paying off mortagage early
I have a redemption figure of 37K on my mortgage with an endowment policy. It runs until 2019. It's very unlikely the endowment will cover the balance when the term ends, a 10k shortfall is predicted. Is it advisable to start paying off the amount owed, and keeping paying the endowment, and sorting side of things out when…
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Your mortgage lender isn't as helpful as they profess to be
My husband is ill and self employed. At 50+ with no savings or pension, the equity in our property long gone and now with an increasing negative equity and a high repayment sum we decided to sell up and rent from the local authority which will enable us to save in high interest accounts for our retirement fund. We…
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Mortgage Declined
Went for the HSBC rate matcher deal on the last day (Jul 31st). - 75%LTV (4.79% 5yrs fixed) Declined today as they cant verify some details ! Earlier the UW had asked for non-HSBC bank statements which we had sent across. Gutted. Asked him if i can send any more documents to prove any doubts. Nope. they have decided it…
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First Direct - process question
Hi all, I'm wondering what I've forgotten or what's left to do... In the process of buying a new place... Applied for a mortgage with first direct... Application on the phone, application letter in the post with "mortgage offer" to sign and send back.... Survey done awaiting their report.. Solicitor has sent me some docs…
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mortgage advice
Hi im after some advice please,we really need to move out to get a bigger place now with the two kids theres not enough room. I have owned a flat for nearly 5 years now on an interest only mortgage and as the house prices have fallen we have little or no equity so i cant sell at the moment but i can rent it for more than…
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EX bankrupt
What i would like to know is do I let the mortgage broker know about my bankrupt status of 7 years ago?:confused:
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halifax AIP
hey there guys I have applied for a mortgage with the Halifax and have been issued with an AIP on a B pass can anyone enlighten me as to what this means??? many thanks
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Mortgage application with one partner having moved address frequently
My son will be applying for a mortgage soon. He has a 25% deposit and an excellent credit record and has stayed at the same address for 22 years so I don't foresee any problem with him. However his fiancee, through no fault of her own, has had several changes of address recently. her parents split up and she had to move…
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New mortgage on property owned outright?
My in laws have put my husband on the deeds for their house (all done through a solicitor, thought through carefully and lots of legal advice taken, just in case anyone offers a lecture !) so that they can free up a bit of cash for themselves and enable us to pay off some debts. Can anyone recommend the best kind of…
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Mortgage with partner on JSA
Hi there I wondered if anyone has any advice... My partner has a house with no mortgage and we are planning on putting it up for sale. We have been looking to buy a new house were we would need to borrow around 120k. I also have a house which I rent out with about 30k equity in it but the rent just covers the mortgage with…
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Mortgage/bank statement question
Hi all, My partner and I are currently working to get a mortgage. We both had debt, have now consolidated it (good credit history - both of us) and are within the criteria for getting a mortgage at our local bank. We have to go back and see them to process the application. They require the previous 3 bank statements from…
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Beacon Mortgage Advice! Help!
Hiya guys, Have decided to post my 'first' question on this forum! Im am currently applying for a Mortgage with Beacon. The survey was carried out on the property this morning. We are due to exchange any day now, the rest of the chain are just waiting for our 'mortgage offer'. I was reading some other posts from people who…
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Quick question
I personally have a re-payment mortgage with HSBC but something i have all ways wondered was if you have an endowment mortgage and you want to re-mortgage after say 2 years, 5,years 10 years etc are you all ways borrowing the original sum or a sum minus what any repayment product has accrued?
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SVR or FIX Bristol and West 100% professional mortgage.
Firstly, apologies. There are probably thousands of posts like this. However, just want a heads up. I am a teacher and spending the majority of the summer sorting out my financial plans. I currently have a flat in London with my partner. Facts about the case: Bought flat : Feb 2007 Purchase Price: £172,500 Current Price -…
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Fix or Stick - Advice Appreciated
Hi, been looking through dozens of threads on this and would just like your advice. I Have a current outstanding mortgage of 121000 and up until the end of July was on a fixed of 5.99 and have been overpaying by £250 for the last 5 years. I have now fallen onto the SVR of 2.5 with Nationwide which is obviously very nice…
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Settlement Figure Charges...
My current "promotional rate" of 4.98% runs out with Accord 30th September, and goes on to their less than competetive SVR of 5.34% thereafter. So a couple of months back I set the wheels in motion to do a re-mortgage as Accord's new deals were poor IMO. Ended up with a Post Office 4.65% fixed in for 5 years all set up for…
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Equity Release advice
I'm sure thare are those in the know on this and help would be appreciated. Have friends who are both age 69 and due to health reasons want to move from their house to a bungalow. No present mortgage and have seen a bungalow aroung £350,000 and they want to buy that but need to be quick, possibly before they sell They…
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my remortgage decision
My 3yr discount from SVR is up this month. My mortgage is part interest only, part repayment. I've got about 23 years left to go. (It's with Furness BS). Here's what I have now: £66,000 repayment (this is changing) currently 1.1% off SVR(5.44%) = 4.34.% £38,950 interest only (not changing). Lifetime discount of 1.6% off…
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Getting a mortgage in principle (again!)
Hi, We had a mortgage in principle set up in Jan 09 as we were in the process of buying. Sale didn't work out. Mortgage offer with Abbey expired after 30 days. We are continuing to househunt. Our local EA suggested we 'look at mortgage options again'. I don't see the point in getting another mortgage in place ( along with…
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FTB in need of help, is this a good choice..
Hi, I am looking for get my first mortgage ( excited!). I been saving along time and think now could be a good time to get on the first run of the ladder. I have 30K saved, and only need 65K mortgage. I have already had a meeting with the halifax who have given me a promise but I dont think they are the best rates for the…
