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Mortgage for her (us), deposit from me - possible?
Ok, So me and my girlfriend want to buy a house together. The trouble comes down to who owns the deposit. I'm recently self-employed, with no accounts yet filed, so no way of proving my income. We've been told by mortgage brokers to leave me off the mortgage as that way we will be loaned the amount we need - bizarrely she…
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Shorter term vrs saving for deposit
Huy guys, Is there a rule of thumb that applies to this. I plan to move to my bigger final house in a year or two. Am I better changing my existing mortgage term I have on my flat to be a very short term say adding £1k per month to my payments, or putting that spare 1k into a savings account to act as a deposit on my next…
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85% LTV Mortgage Reqd
Hi Guys, Haven't been on here in such a long time, I'd forgotten how useful the site was until I started reading it again :D Here's the deal so far: Been looking to remortgage at around 85% LTV. I've been on t'internet and all of a sudden the phone is ringing off the hook. London and Country keep calling, as do…
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IO repayment vehicles?
How much would I expect to pay per month on an IO mortgage of £90K? I have quotes for repayment but am keeping my options open! Thanks! :-)
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Ok I take it I'm not under any obligation? HELP!
Just spent an hour on the phone with the Halifax discussing remortgaging with them, dependent on house valuation we can go ahead.....they've agreed our needs, remortgaging the balance plus adding £20k for debt. The credit search came back fine. They are sending out quotes and calling back on Tuesday. Am I under any…
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Any lenders offering flexible (unlimited capital repayments) mortgages?
I was once with the Stroud & Swindon on one of these. Does anyone happen to know who may be offering these at the moment?
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Should I switch to variable rate?
I've been on the HSBC homestart mortage for the past 2 years(took it out at peak of market - grrr!) on fixed rate (interest only), the next stage is to go onto another year of interest only before moving onto repayment next year. I've been offered to go onto variable which means payments being £160 cheaper every month!…
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Negative equity payment plan
Hi All, I've just sold my house and am in negative equity. My mortgage was with Northern Rock and they have agreed that I can pay them £300 a month until the negative equity has been cleared. However, they will not provide me with a payment plan, an estimate of how long it is going to take to pay back or statements. I have…
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Is this legal
Hi My partner gives over 50K as a gift to assist in the getting the mortgage. The agreement with the solicitors reads: agreement was that the money of ‘by the way of gift in respect of the deposit for the above property and the money is in on the way repayable’, and ‘I will have no rights or interests in the property…
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fixed rate ending: advice required
hi my 2 yr fixed rate deal ends next month , i have spoke to RBS and the have said i can go onto the svr @ 4% or for a fee of £199 could go onto any of these offers 4.29% for two years 5.29% for five years 5.99% for ten years the house cost £238000 in dec2008 , we have £200000 left to pay over 23 years, i think we most…
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Title Deeds
Hey All Please can anyone tell me if i could do this: I dont know why, but i have in my possesion the tilte deeds to my house, which i believe is unusual as i have a mortgage of 50k outstanding. What i want to know is if i can turn round to my mortgage company and tell them i'm not paying any more of my mortgage off. Slim…
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Am I likely to be repossessed?
Hello all, In September last year I split up with my wife, we are now divorced. The mortgage hasn't been paid for a year and so NR want to repossess on Tuesday. I have good reason why I haven't paid the mortgage and have noted this to NR and the court. These are that although I can afford the mortgage I am not happy to pay…
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Some advice please from someone in the know!
My husband and I have decided to seperate after only last year buying a house worth £82,000 however with our deposit we only have a mortgage for £59,000. I am in the process of trying to work out ways in which I could afford to stay in the house so as my son is in his own home. How do these things work as mortgage is in…
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what's likely to happen...
This is an impossible question to answer but....what's likely to happen with the mortgage rate? The mortgages we're interested in are around 3.24 to 3.5 % trackers and wondered if it is likely that there are going to be large sudden rate increases or if you think the rate will slowly creep up over the next, i don't know,…
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Nationwide mortgage options
Hi folks, Please can you give me your thoughts/ advice on the following. I currently have a nationwide tracker mortgage which comes to an end on 30th Sept 09. The loan remaining is 130,590. This was originally borrowed against a value of £186,000. Nationwide using their quick calculator now tell me that they value my house…
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Credit Check
As my Northern Rock fixed mortgage has now ended (7 years - no missed payments), I decided to apply for the attractive Co-Op Tracker mortgage. Unfortunately my application was declined due to a credit check failure. On looking at my profile in Experian, I can see that my score is 999 and everything is 'green'. I was…
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Natwest tracker mortgage
Hi, are there any Natwest / RBS tracker mortgage customers here? I found their offer at 2.99% tracker for 80% LTV very attractive as it offers significant initial savings compared to any other fixed or tracker mortgage in the market. I also understand the BoE interest rate risk, but I am nervous about Natwest/RBS changing…
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Northern Rock Borrow Back changed procedure - Am I screwed?
Until 2.5 years ago I was earning approx £60K and was paying off my mortgage as quickly as I owed about £150k on my £250K house. Then I had a stroke, and decided to take some time out with my growing family whilst I recuperated. I even received a CIC payout which virtually cleared my remaining debt. I paid this into my…
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Advice on buy to let mortgage from 2004
We applied for a mortgage in 2004 for £50,000 over 10 years.This was for a garden room in our own house on which we owed no money. We were advised by Nat West that the best and easiest way to borrow the money was with a buy to let mortgage as we also own a couple of properties that have no mortgage. We have to pay 62…
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68% LTV Mortgage Advise Required
Hi Guys, Can you please offer some advice, i was going to take the Principality 4.99% free fee mortgage offer but have been away with work over the weekend and until now. I've checked this morning and the offer has been removed, does anyone know what is the best 4/5 year fixed available at present, preferably with…
