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Purchase falling through- what can we do about mortgage?
Our house purchase seems to be about to collapse, and so we are faced with the prospect of looking for a different property. We have the mortgage approved for the house we were intending to buy. Will we now have to re-apply for a new mortgage? Any information greatly appreciated.
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Low Valuations - Please help!
We are having major problems with surveyors 'downvaluing' property. We have 35k equity in our current home and were the house we were looking to buy had an agreed sale price of 305k, it was marketed at 320k. Our current mortgage deal is 0.5% above base rate for the life of the loan, which is pretty much unbeatable at the…
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Moving From Fixed to Tracker, am I right?
Hello all, Im looking for advice about remortgaging, im currently paying 434 a month on my mortgage, it comprises of 2 loans, 1 at 11 year remaining fixed, at 4.99% for 11 years and 17 years on a 2nd secured loan of currently variable 4.24%, so overall im paying for the next 17 year, im looking to reduce my outgoings on a…
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any advice on cashing in my endowment?
Hi there. We are about to sell our house in England and move to the Scottish highlands where we hope to buy a small house. We currently have an endowment mortgage with only four years left to go. We have 2 choices. 1. sell the house but keep the endowment going and take out a mortgage for the new house or 2. cash in the…
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Nu mvr penalties retrospectively applied
Has anyone had any success in getting MVR penalty charges waived on policies where they were never stated in the intial policy terms but have sine been applied retrospectively? I cannot bvelieve this practice is legal! Also has anyone investigated the possible misrepresenation by NU to policy holders like us who were…
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Any lenders accept gifted money as income?
Hi, strugglling to find a lender that will accept mine and wifes income streams to fund mortgage My wife is disabled and I am am her full time carer. Our income is made up of government benefits (mine and hers), occupational pension (hers) and money that is gifted to my wife monthly by her parents. Total joint income is…
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endowment advice
hi people, im wanting peoples advice or thoughts on which way to go.... im looking at changing our mortgage... its part repayment part int only covered by an endowment.. we owe 21k on repayment and 30 k intereset only... and its only 6 yrs to run... our 2 thoughts are as follows..... sell the endowments present value of…
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What Deposit % is required from BANKS + LENDERS for a Mortgage in this recession??
Banks used to want 5% of the value of the house as a down payment deposit before they give you the mortgage, and some lenders could do a 100% mortgage (no deposit required). a) In this recession, where banks are not lending, what is the minimum/average % of deposit required to purchase a home? and what is the maximum? b)…
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Joint Ownership
Having been recently divorced with myself as the petioner I have allowed my wife to stay in the martial home because of her age, and it would be heartless of me to put her out on the street. The matrimonial home is mortgage free and fully paid for. We have joint possession of the house the tenure being separated by land…
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mortgage after reposession
Hi just after some advice please. we live in south wales and have a council house, we have been in the house for 5 years. The previous house that we owned, on the day it was supposed to be reposessed the house sold (we had it on the market ) anyway we had 13k from the sale and that was that. we would like to buy our…
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Equity Release
Hi Does anyone know if it would be possible to organise equity release for a house that my wife owns but her mother is living in rent free until she either dies or moves on. My wife would like to release a smallish part of the equity to help her mother out and also to replace her car. The house is paid for in full and her…
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Britannia Share To Buy Mortgage
Hi all, Does anyone have any comments or experience with the Britannia Share To Buy Mortgage? I just came across it through Money Supermarket and it looks like a very good deal for me and my g/f: I can't post direct links but it's at www .sharetobuy .com/britannia.php without the spaces We are looking for a 90% LTV…
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Mortgage advice re negative equity
Hi folks, Hoping someone here can give me some advice. My house is currently on the market, bu tlike many Ive slipped into negative equity. also, my current mortgage is interest only My agent is advising a price drop. If i do this, I will be selling for less than the value of the mortgage. There would be two possible…
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Advice with One Account Charges Please
I have totally messed up this week as I have had too much going on with one thing and another and got my mortgage payment date mixed up. We have a One Account and the mortgage was due out on Tuesday, I was thinking it was next Tuesday. We didn't have any 'spare' money in this account and I used my switch card over the…
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drop by nortern rock trnsfer to trust
my husband and i was advised by adviser in 2007 to take out a 104% mortgage over 25 years with a renewal in 2010.Last year northern rock wrote to inform us,that in so many words they would not like us to continue our mortgage with them.Last week our adviser contacted us to inform us that he would like to transfer our…
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Rooftop Mortgage Offer
Hi,received an offer from our current lender Rooftop by letter yesterday. If we remortgage with another lender before 31st Dec 2009 we will receive a discount of £6800(10%) plus have no repayment charges or exit administration fees to pay? This offer seems too good to be true? We have already been approved for a remortgage…
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Advice on remortgage to abbey made by broker.
I'm currently in the process of remortgaging to abbey. I was one of the lucky ones that had recieved a discounted offer from my current lender advantage to take my mortgage away else where. What I am concerned about is that the offer I received is time limited till the 30th november. Now I have heard horror stories about…
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Manchester United home signed shirt
The way I see it, if we have to apply for a mortgage, may as well get a free signed manU shirt plus £40 voucher to spend at manU megastore... the shirt must be worth up to £500 anyway follow the link below http://www.britannia.co.uk/home/_site/affinity/mufc/freeshirt.html#affinity=mufc
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Re future mortgage apps - should I ask to have this removed from credit file?
A month ago I tried to apply for a Co-op mortgage. I'm an existing banking customer with them and had an AIP, but after a week of being told that their computer systems were down and they couldn't process any applications (?!), I gave up. Nothing was ever issued or signed and no one ever even called me back or emailed me…
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Permission to Let - Fees
My first post - so apologies if I make a mistake. We are needing to live abroad for a year or more to care for my husbands parents, Scottish Widows Bank have given us Permission to Let, but insist on charging us £450 for the agreement for 1 year only. After this they say that we need to revert to a Buy to Let Mortgage or…
