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Re- mortgage valuations
We have just had the valuation result for our remortgage. It is £20,000 lower than we valued thehouse at and means that unless we can find £11,000 to reduce the balance of the mortgage to bring it under the 75% LTV we can't take the mortgage. I am amazed that the value is so much lower than we had it at and can't work out…
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Can any one help?!?!?!
I'm getting a let to buy mortgage with the RBS. They are lending 90% for the new house so it is a do-able. They will only do that if the rental covers the mortgage. One thing that’s saved us is having our original mortgage with Northern rock. We had a together mortgage 3yrs ago that is part unsecured. This (apparently)…
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Let to buy or remortgage?
I am lucky enough to be living mortgage free in my own property. However I would like to move to somewhere a bit bigger without selling my current property. I have a substantial deposit to put down. The question is what is the most efficent way of raising the finance to buy a second property? I have looked at let to buy…
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Critical Illness Cover for Mortgage
I've just arranged my mortgage through a broker and he has informed me that life assurance/crictical illness cover is required on all interest only mortgages. Is this true? I had the understanding that most life assurance policies etc were a waste of money? Thanks
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C&G approved solicitors
My daughters purchasing house. Instructed our family solicitor to carry out work.Explained that it would be mainly cash and that we would get a £40000 mortgage through Lloyds/Halifax. Went to Lloyds, completed application forms. Forms sent of to C&G, two days later text me to say valuer is going following day to value…
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Mortgage application and overdraft
Hi guys, we are going to apply for a mortgage on Thursday, but we are about 500£ in overdraft this month. Salary is coming to our account on Friday. Should I worry about the overdraft in the time of mortgage application? We are getting mortgage from our main bank and they know our salaries, etc.?
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endowment
my dad has sold hes house and moved in flat but never cashed hes policy in as in still has till october 2011 to run is he best to keep it up or cash it ill?:money:
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Will the bank find out?
Hi, I've been a huge fan of MSE for so long now and if it wasn't for Martin I would be in a huge mess right now! A year ago I had debt of £24k, today that is just £5k and it's on 0% for another 13 months. I was made redundant yesterday from a very well paid job. Thanks to Martin I have ISAs and bits and pieces stashed away…
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Would I Get Mortgage? Buy To Let?
Hi all, A little querry for you folk. Iv been a member here for sometime now & have always found useful info on these forums, this is the first time iv needed to ask for a little help, so here goes, I appoligise in advance if its a little drawn out, Il keep it as short & to the point as possible. I currently own 1 property…
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This is pants....
Hi a couple of weeks ago went to the Halifax for a mortgage being a 1st buyer of purchasing my council flat to be refused due to my credit rating... Received some great advise to seek an independent morgage advisor which I consulted on this site and was advised free service no obligation - thought great a move…
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Mortgage Product Tie In Charges - Early Release
My Wife and I currently have an interest only mortgage with Abbey with a monthly payment of £1231.22. The debt is split 50/50 over two products. The first ends September 2010 (with an ERC of £3447.69) and the second ends September 2012 (with an ERC of £4986.81). We are also in negative equity. Although we have never missed…
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Coop 5.99% or Nottingham BS %5.69 (85%LTV)??
These are both fixed for 3 years: Im a first time buying at £160000 and borrowing £136000, ive been offered the 2 morgages above, looking to overpay to a £1000 per month in total with repayments! Now the coop one u have to pay the evaluation fee plus obv legal fees for either one, now the Nottigham at 5.69 has a £195…
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Advice please help!! - Renting current house and buying a new house
We currently live in a great 4 bed detached home, 3 years old on a new estate in a good area. Unfortunately my partner has had back surgery recently (2nd time) and we realsie that a house with 3 floors, 4 beds and 4 toilets is just to big. We would like to move into a bungalow and i need advice in how to finance this.…
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FTB - I've been offered help from the Bank of Mum & Dad - Looking for some advice
Hi All, I'm looking for some advice on a complicated offer of help. I'm currently renting but my parents have offered to help me get on the ladder. We are currently looking for advice on ways we could achieve this. There's a few options; My parents could get the mortgage whilst I live there and pay the mortage, the only…
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Direct debit V Standing order
Hi all Newbie here so please be gentle! My question is this: Can I change my mortgage payments from DD to SO or am I breaking contract? The mortgage is with Nationwide and I am in the middle of a three year tracker. If this is the wrong place to post this sorry!
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Refused mortgage - how can we release our equity
Please help - I'm so frustrated!! I currently live in a shared ownership property, with around £20k equity. Buying the place on my own was a struggle & I built up some high credit card bills. When I met my partner finances eased but got into some difficulties when on maternity leave. Things are much better now and we're…
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SVR the better option?
Hello, I'm trying to cut our mortgage (with the Woolwich) down as fast as possible, but our fixed rate ends in September. There is 103k left to pay. (LTV= 51% on a 13 year term) We have around 34k ready as a lump payment for September, so this should bring the mortgage down to 69k. The SVR is 4.99% and the fixed rate is…
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New Credit card impact on Mortgage
Our mortgage deal runs out in January and we will require a 35%LTV. Can anyone advise if applying for a new credit card - I have 2 others currently would have any impact on my credit rating - which is good - and a further impact on an application if we decide to switch lenders? Cheers
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What 1st time mortgage to get?
Helli there. My sister wants to get her first home and will need a mortgage. I'm completely out of touch with mortgages and wondered if someone could tell me the options? She earns about £26,000 a year and would have around £10,000 as a deposit. How much could she get a mortgage for? Is there any sort she should avoid?…
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Mortgage & Debt Arrangement Scheme
Hi there, I am currently on a debt arrangement scheme which is regulated by debt advisory service (scotland). At present i have a together mortgage with northern rock. I hae a couple of questions if anyone can answer them, please remember i am in scotland and scots law applies. 1. Is it possible to obtain a mortgage (to…