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Confused-government help with mortgage interest.
:confused: I have been signing on for 13 weeks now and my mortgage is £200 away from £200,000, I have heard yesterday that if my mortgage interest will be paid (I am likely to be sent additional forms to be filled in) then the first payment won't be paid until the first week in September, if I am unable to pay a whole…
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IFA paperwork
Hi Not sure if this is the right forum but I've got a quick question about IFA's. I've always used one for all my mortgages, life assurance etc. After a series of bad advice I'm thinking of cutting all ties with the IFA. Am I entitled to request the return of all paperwork relating to my financial matters? Thanks in…
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Negative Equity - low bank valuation & SVR question
Hi All Wondering if I could gleam some advice fro you all...? I bought at the market peek and have a mortgage for £185000 (split into two Abbey deals; £101000 ends Nov, £83000 ends July 2010) I was expecting negative equity as foolishly we took a 95% mortgage to allow us to make home improvements... However on calling…
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Right to buy advice needed!!
Hi, I was thinking about buying my council flat. They have valued it at 92K and offered to sell to me for just under 39K. Is it correct that only certain lenders offer mortgages for right to buy properties? - not sure where to go..... oh, and am I correct in thinking that I wont need a deposit because of the diffference…
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can anyne give me advice on getting a joint mortgage when my partner has had an IVA??
Just wondered if anyone can give me some advice. I have a good credit rating and have had a self cert mortgage for the past 4 years. My husband used to have a bad credit rating and had an IVA which was paid off a year ago. He has no debts or anything now. We are happy with our mortgage but we would now like to move to a…
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Mortgage offer
My Nieces fixed rate mortgage comes to an end in November which is 6.65. The new offer is 2.99 variable or 6.09 fixed for a further 5 years. In the present climate could someone suggest which option would be best for a young family.
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Rules regarding parents giving money for the deposit
Hi, My parents are giving me £20k to fund the 10% deposit on our new house. What are the rules regarding this? Do we have to pay any taxes on it? We would really rather not! Many thanks.
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New offset mortgage?
Hi My current offset mortgage with IF is due to come out of a fixed rate period in October and I am probably going to have to take my business elsewhere to get a competitive rate. I would prefer another offset but would be open to other mortgage products - my term remaining is 20 yrs. Is there an offset on offer that is…
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Care to predict this please?
Trying to sort a mortgage out!. A mortgage is available from two different banks. Not sure whether to fix for two years at 6.19% or three years at 6.19%. Does anyone out there predict that the banks variable interest rates will exceed 6.19% in two years allowing us to fix for two years?.
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Revising mortgage offer
Hi all We got a mortgage offer from Woolwich about a month ago but have been delayed in exchanging due to an onerous survey. We have obtained quotes for all the works are re-negotiating the price. We're hoping the vendor will at least meet us half way. Does anyone have any experience of getting a new mortgage offer issued…
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mortgage with a dmp
hiya just looking for some advice i am currently in a dmp with about 3 defaults last one about 18 months ago I have a mortgage of £65000 on a house valued at approx £120000 it is only 2 beds and we have 2 kids and another on the way it is cramped now so we wont be able to manage when the other one comes, someone has…
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Help pls! Remortgage with 85%+ LTV with a second party who already owns a property
Evening each, First time posting so be nice! I've currently got a property with a partner, now ex-partner who wants out of the mortgage, which is with Britannia. I don't want to go to market because I don't know how long it would take to sell (which would mean my ex-partner is still financially responsible) and the equity…
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Feel like we'll never get back on the 'ladder'
Hi In 2007 we sold our house and used the equity to repay debts we had. We then moved into works accomodation. Whilst this is very cheap and in a lovely pituresque location it is far from family and means we're never away from work when problems arise. We are basically looking to get back on the property ladder so that we…
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Nr Together Mortgage
same as alot of ppl on here have a together mortage 40k plus 15k(unsecured) if i was to sell at 50k ,would the would nr allow me too keep 15k unsecured and the rest towards(and i stress towards obviously would need more) a deposit ? or would they tale all and leave me with 5k unsecured ???
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Excessive Solicitors fees for late payment
I was a little behind with my mortgage and agreed a monthly arrangement fee, i was a little late paying and they instructed solicitors, as soon as i got a letter from the solicitors i rang mortgage company and paid the agreed arrangement fee. The solicitors where then instructed to adjourn the case. I have since had a…
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Help Please! Surrendering/Selling a Phoenix Endowment Policy
Hi, I'm just looking for a bit of advice really about a Endowment Policy I took out with Royal Sun Alliance in 1997. Basic facts are: Monthly Premium: £55.07 Maturity Date: August 2022 Last Bonus (to 31/12/08): £36.77 Total Bonus Earned to 31/12/08: £1480.59 Target amount was £33750 Projected Final Amount assuming 4% each…
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Help Plz
Hiya, plz can someone help, my mum has just died and obviously life has stopped for us. We have just realised that our first home was owned by my mum and she didn't leave a Will! (We were literally living in the hospital for 6 weks, waiting for her to recover):cry: I am adament that my brother was joint owner, as he was…
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Joint Mortgage HELP!
Hi, if anyone can offer me any advice id be grateful. heres the situation. My brother and I bought a house 4 years ago for £70k. There is approx £66k left to pay on it. After a huge arguement my brother wanted me to buy him out, i offered him £15k but he said no and we put the house up for sale. I dont want to move from…
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Deposit Query
Im buying a second home and as such been told I need a 15% deposit to secure a second morgage. Im looking at a property valued at 210k which has an asking price of 195k, would the lender take the 15k equity into account and allow me to make up the difference in the deposit? I have an appointment with my lender next week…
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how would the mortgage company react?
I am having some thoughts to extending into the loft and running a bridal business from my home. There are insurances I need to cover (if someone could name them that would be great, I think its contence, building and liable) possible additional rates, but also telling the mortgage company. Currently I am in neg equity…
