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Is this right???
Hello I have just been to my local branch of Hlaifax to complete my mortgage application. I am purchasing a 25% share in a property and have a 20% deposit. I completed the agreement in principle with Halifax a couple of weeks ago and they said I had passed on their credit scoring system as an A. While at the branch today…
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Porting Mortage with Negative Equity
Hi, I was wondering if someone could advise me:- I have a Nationwide mortgage of 107K on my current property and want to move to a new property worth 180K. Nationwide are ok with porting the mortgage with 5% deposit.But There is something that I cannot understand:- If I sell my current house at 95K and then port the…
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Working in Saudi - new mortgage in UK
To escape the dismal economy in the UK I recently secured a full time job in Saudi Arabia. My wife and two teenage children (late teens) remain in the UK and as such we wish to move to a bigger house (in the UK only). I am in the UK less than 90 days per financial year for tax advantages and we wish to exploit that for the…
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stuck on fixed rate!
Hi, if anyone has any advice i would be grateful as i am so confused... I have a self cert mortgage and we are on a fixed rate untill 31/10/11 as i stupidly fixed last october for 3 years at 6.85%!!! if i was on SVR it would be 2.99%. I found out what redemption fee would be and i decided that i wanted to change to SVR and…
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Re-Morgaging with a bad credit and CCJ'S also with arrears...
My morgage is due to expire at the end of October and would be very grateful with any advice given..Ive got just over £6,000 on arrears due to Partner being laid off from his last job in which he has been in a new job for 5months. My Morgage company im with at the moment im paying 6.99% they have offered me a new rate of…
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Are Natwest surveys reasonable?
Next week the house im buying will get a valuation from whoever Natwest uses to valuate properties in my area (driveby valuation in the west midlands). I have read recently that allegedly some lenders are asking surveyors to undervalue properties if they fall within the underwriters acceptance criteria but still could be a…
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Moneysaving on behalf of a elderly Uncle
Please Ignore posted in wrong place
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Gifted Deposit Mortgages - Question/Issue
Hi guys At present me and my girlfriend are desperately trying to get onto the property market but like everyone else we are struggling to get a big enough deposit. Due to my bad credit a mortgage over 80% looks very unlikely. However, my girlfriends Dad has offered to sell us one of his flats and the deposit would be…
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friends provident endowment
Hi, I have a Friends Provident with profits endowment, £60 per month for 24 years, that has 7 years to run. i'm not too worried about it not reaching it's target as I changed the mortgage to half repayment-half interest only and then reduced the interest only to £30,000 with a lump payment. I will hopefully reduce this by…
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Self employed mortgage question for any Mortgage Advisers
Hi Guys I was hoping any mortgage advisers on here could shed some light. I have a mortgage through Skipton. Had it for over 3 years now, and now on standard rate. I am paying £100 per month over payment, as on the standard rate the monthly repayment is less than it was on our fixed rate period. Never missed a payment, as…
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joint mortgage
Hi If i have a joint mortgage but my partner moves out but agrees to keep her name on the mortgage would i have to let the mortgage company know? thanks
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Stuck with mortgage please help.
Hi All, Firstly apologies for the long post but I feel it is required to furnish anyone who can help with the facts. Secondly thanks in advance to anyone that can offer some advice. Three years ago my partner and I purchased a house in joint names for £157k we took out an interest only mortgage with Bir Mid the current…
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Life insurance compulsory to obtain mortgage?
I have been told that is compulsory to have life insurance to obtain a mortgage -so that it can be paid off in the event of death - but I thought only buildings insurance was compulsory and I have a mortgage elsewhere without it. Am I missing something?. Thanks
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Buy-to-let mortgages
Hi everyone, I really want to get on the property ladder but can't currently afford anything much more than the mortgage payments in the London area as in to live, eat etc! I've been thinking about perhaps a buy-to-let property that I can then live in at some point in the future. Only problem is, buy-to-let mortgages seem…
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Endowment on Track but should we still surrender?
Hi, Hope you can help me here – we appear to be one of the lucky ones that has an endowment that is still currently on track to repay the required amount. However, as we seem to be paying a large premium each month, we wonder whether we would be better to surrender this policy and repay the outstanding mortgage with the…
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Remortgage help needed
I really need to remortgage for £8k. My house is worth approx £100k and i have a mortgage of £64000 left to pay - so id be looking for remortgage for approx £8-£9k. i cant seem to get a mortgage anywhere as i have 2 debts that i didnt pay for a while then they got passed on to debt collection places. i have been…
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Go Direct Financial Services - has anyone used them?
Hi, I'm looking to get a shared ownership mortgage & Go Direct Financial Services have come up on an internet search. Before contacting them I thought I'd check credibility with you guys! Any experience of them would be gratefully received. Many thanks
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Mortgage for new build - urgent advise needed please
Hi, I'm back! Thank you so much to everyone who gave me advise last time (especially Mrs Bumble) - now we are faced with yet another problem! Well it might not be a problem...... Basically, Clydesdale Bank have agreed us a mortgage in principle as long as we can put down a 25% deposit (we will struggle but can do it).…
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Joint vs Single Mortgages and Equitable Interests
Hello and Good morning! I started a thread over here (http://forums.moneysavingexpert.com/showthread.html?t=1962663) asking for advice because I own my own business and I'm looking to get a mortgage in the next 6 - 12 months, but because I have only been trading since May it's unlikely that any lender will look favourably…
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Unit Linked Endowment Policy - What To Do?
Hi, I have a 'Low cost mortgage plan' with Scottish Widows (originally Lloyds TSB) which, you'll be surprised to hear, has performed terribly. Some details: Commencement date: August 1998 End date: August 2023 Monthly payment: £238.45 Payments to date: £29,823 Value of units at August 2009: £26,993 We no longer need the…
