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my partner and his ex
currently have a flat together but she has moved out (taking everything with her) and hasn't contributed to the mortgage for 18 months. He now wants to cut ties with her financially and one of the first steps is getting her name removed from the Joint bank account the mortgage money comes out of which she has co-operated…
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Underwriting Stage for Natwest Mortgage Application...
Hi all... I am a first time buyer with self-employed status. I have submitted a mortgage application through my own natwest branch on the 8th Oct, Thursday. Got a text from natwest the next day saying "We have recevied your mortgage application and will provide a decision within 5 days". It's been over a week now and all I…
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Help
Could someone answer this question in simple terms. I am not very financially aware. 1. I have a Low Start Mortage which has been interest only for the first three years (this period ends in Late october this year) 2. The repayments will jump from £177 to £770. 3. I was made redundandant a year ago. These repayments will…
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Bit nervous ???
We have had a mortgage with Bradford & Bingley for 11 years, continuously renewing for 3 year fixed terms. We came out of the last fixed term earlier this year and didn't rush into anything new as the variable rate was less. Our situation has now changed in that I am p/t and my husband is self-employed with only self-cert…
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Endowment shortfall Red Alert Scottish Widows
I have just received my yearly update on the performance of my endowment plan with Scottish Widows.It is a 25 year endowment which will have 10 years to run from December, they say there is a high risk of shortfall with the projection of £10450 shortfall on a £44650 endowment, this is down from a figure 1 year ago of…
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Re-mortgage but now self employed ???
Hello My husband & I have a joint mortgage with the Bradford & Bingley and have been a loyal customers for 11 years (never missed a payment). We have just come out of our 3 year fixed term and due to B&B not offering any deals for re-mortgage, we are having to shop around because we like the security of fixed term…
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Carrington Carr
Advice appreciated....Our current deal finishes very soon and we're currently looking at what to do with our mortagage. An advisor from Carrington Carr has looked at our situation. Concerned re their charges 1-2%. We're now waiting to see what is recommended! Anyone with direct recent experince of this company? Should we…
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Impending divorce help required
My wife has decided she wants a divorce and we have put the house up for sale. We have a £135k mortgage and the house is worth £150k. We are guessing that, after fees and costs, we stand to make around £12k from the sale. She is moving in with her parents, who have two spare rooms, to save some money and ponder her next…
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Mis sold mortgage? or what next?
I have been corresponding with an insurance company (Not sure if I can name the company?) since June this year in respect of an endowment mortgage sold to me in 1989. It’s rather involved but to keep things as simple as possible, these are the basic details: I sold the property and the mortgage was discharged in full in…
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Libor Tracker Mortgage
Can anyone help explain to me in laymans terms what this is and how it works? I'm not sure I was fully focused when FA was going through it all with us! Had mortgage for about 3 years, was a fixed discount for two and then tracks Libor ever since I think. I know this has been a good thing of late because our mortgage…
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5 year fixed?!?
Sorry this is a repost as I posted in the wrong forum. Hi, We are considering taking a 5 year fixed deal at 85% LTV. The interest rates aren't great 5.99% but we like the idea of knowing what we are paying. What is everyones thoughts on this? The other big worry is that they same to ahve a 4% early redemption charge. We…
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Nationwide changing T&C
I have had a mortgage with Nationwide for nearly 4 years and we took the mortgage out due to it offering a 12 month payment break, we went in to see if we could take a payment break as we are struggling with money at the moment and we were told that we could now only take a 12 month payment break if we were on maternity…
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need advice on mortgage...now on svr
i took out a mortgage 2 years ago on a property that was 100% ltv it was a tracker mortgage with the RBS fixed for 2 years it has now ran out and i am on the SVR I have discussed deals with the RBS but the best the offer is fixed rate for 2 years and payments will go up to £560ish the payments are currently £470ish on SVR…
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Getting a mortgage with bad credit rating
My partner and I are looking to buy our first home together. I have bankruptcy on my history (although I am now discharged), whereas her record is perfect. Neither of us have any amount owed on credit cards, we have no loans or overdrafts and have a deposit of about £10,000. We're looking at the new builds shared ownership…
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Partner just finished bankruptcy can they be added to exsisting Mortgage
My partner has just finished her bankruptcy, is it possible for them to be added to my exsisting mortgage and deeds? They are a mature student who currently does not have any income.
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mortgage application - unsuitable property
Hi guys. Could you please provide me with info as to what would be deemed an unsuitable property by Nationwide? Im applying for a sharedownership mortgage with Nationwide in a 11 storey new built building. I have gone through a broker and we have checked all the criteria, which seems to be fine. thanks in advance!
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mortgage declined credit not great help!
trying to get a 90% deal been declined by hsbc, c and g and natwest said wouldn't meet criteria. It is for me and my boyfriend i earn 19k he earns 32k but i have a fairly poor credit rating know of a default with mobile phone co settled in march 08 my dad said he would act as a guarantor if we needed help can anyone advise…
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redemption fees
thought I would ask you brainy people as not sure if I will be better off or not. The scenario is, I have an interest only mortgage which I can over pay 10% a year, if I overpay more than that they charge me 3% on the overpayment, my mortgage rate is 5.29%. So the question is am I better of overpaying and paying the 3%…
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First Direct - Not recommended by brokers?
Looking at a mortgage at the moment and found one online with First Direct that beats the brokers quotes given to me. My mortgage broker said he couldn’t beat their deal and couldn’t help me as FD do not pay brokers commission. Is it ok to go direct to them?
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Endowment nearing maturity with Ombudsman claim ongoing: Advise pls
Endowment is due to mature in two months time but I've asked the Financial Ombudsman to investigate it being mis-sold to me originally, which I hope is on-going (even though I've not had a reply to the reams of paperwork I sent in!) Anyway, my question is - if I accept the maturity value in two months does that let the…
