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Mortgage and getting married?
A silly question but I just wanted to check. I took out a mortgage in my name just over 4 years ago. My partner moved in with me and we are hoping to get married next year. Will getting married have any affect on my current mortgage? We do not intend to add his name to it so it will remain in my name only. So will it just…
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Life insurance policies with mortgages
My wife and I have a joint mortgage on our house and we have been told that we both need life insurance policies to cover the whole loan. My wife doesn't work and I only want to protect my life in the event I die. What are the rules please?
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valuation for mortgage too low
I have agreed a price for a new build two bed flat, in Leicester, for the price of 133,000. This was knocked down from 152000, and they have also added a few other incentives such as flooring and some applicances. However Natwest who I have got my mortgage with valued the flat to be 122,500. All the properties being sold…
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Self-employed need 3 years of accounts-what figures do they base lending on?
With the new ban on self-cert mortgages, I was just wondering about the need for 3 (or 2?) years of accounts for self-employed people. WRT this, would the mortgage company base the amount they would lend on the last year of those 3 years (assuming the net profits had steadily increased over the 3 years), or on an average…
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Olive
can anyone give me some advise, my hubby and I lost our house throu redundancy many years back and we have been paying off the amount of £30.000 . They have capped the amount at £7.000 and now owing is £5990.00 some years back the letters where just being addressed to myself now out of the blue they still want the £5990.00…
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Advice please.
My brother purchased a house in the first quarter of 07 for £265k with an interest only mortgage of £205k. They have not been making any payments towards the lump sum borrowed. They have just come off a 3 year fixed rate and gone onto the banks base rate of 4.29% which is better than the original fix by 0.60% and still…
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1st time buyer???
Hiya - hope one of you clever people can answer this question for me. What I would like to know is - husband has had a mortgage in the past (1992) but I never have had one. Would i still qualify for any first time buyer offers even if hubby has had a mortgage before?? thank you :confused:
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Joint Mortgage Holder Refuses to Pay
I'm in a situation where I have a joint mortgage held in my name and my ex-fiance's name. The house is for sale since we split up, but now she decided she does not want to pay her portion of the mortgage anymore and I cannot afford it. She understands the credit implications of this but does not care. What can I possibly…
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sole trader , mortagage
hi, im a sole trader and wanting to buy a property i need a mortgage that is about 50%ltv now what i need to know is i can provide 3 years or accounts no problem but can anyone tell me do they make there decision on the profit of the company at teh end of the year or will they look at my drawings that i took from the…
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Taking on my Dad's house
Sorry if this is in the wrong section, didn't really know where it fit's. In short, my Dad is getting to an age where sooner and hopefully later he may need care. My Dad doesn't want the government to use this house as capital to fund any care he may need. To combat this he want's to sign the house over to me and my…
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nationwide switch and fix or not?
hi, we fixed for 5 yrs which is now coming to an end in Nov. we moved 8 months ago and borrowed the extra on a variable rate and can switch and fix that whenever. Not sure if we should switch and fix to make one big mortgage or keep them running seperately or what to do at the moment really. we've been paying 5.89% for the…
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Mortgage Advice Please (NR together)
Hello, I am aware there is a Northern Rock thread but i was looking for some advice specific to my situation. Me and my partner took out a Northern Rock together mortgage 2 years ago. This was a 5 year fixed rate mortgage with a fixed rate of 6.29%. The mortgage is made up of 100k mortgage and 18.5k in an unsecured loan.…
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How to switch from Repayment to Int Only?
I am looking for any advice please as I have tried searching the web and the forums here but have not found an answer as yet to my question. I am currently on a fixed deal repayment mortgage and want to change to interest only for a few months to get myself back on the right track but don’t know how to play it? I have…
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Adverse credit brokers
I have two defaults for a mobile phone from 2005 and was turned down by Abby, despite telling the broker he decided to apply anyway without even looking at their criteria. Anyway do I need an adveser credit advisor or just a decent all of the markert broker? If so can anyone recommend someone? is that allowed
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Another FTB 'will I get a mortgage' thread
Hello, Long time lurker first time poster. I earn 48,0000 (55,000 including overtime)- been working at the same place for 7 years GF earns 18,000 we have 11,000 in savings, looking to save around 20,000 and get a 10% mortgage sometime next year I've been on electorial roll at the same address over 5 years- GF hasn't yet…
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What tighter mortgage lending means to me
I feel slightly concerned with the tighter lending criteria proposed today. I completely agree that people should only be allowed what they can afford, that is responsible lending. But also part of that responsibility should be with the customer? So what does this mean exactly to someone like myself? I save money every…
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Another, Should I cash endowments question?
Hi, I've created a new account for this post as my usual MSE account is not anonymous. I'm hoping for some advice. I have 2 endowments which have been running for 11 and 20 years respectively. Zurich (Allied Dunbar) Target---- £27,620 Declared bonusesnone Surrender value£4,971.40 Monthly premium£41.50 Maturity date -Dec…
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Is this just wishfull thinking??
I am currently sitting quiet happily on C&G's svr of 2.5%. I have been keeping my eye on various deals while the BOE rate got lower and lower and it seems now that the mortgage deals got better and better in the banks favor The banks are now making more money than they ever were on fixed rates 18 months ago. So is the…
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Can anyone help me please
Hi all, I have a very poor credit rating, i currently have an agreement with Payplan as i was struggling to pay my debt. I have a mortage for £160,000 and pay about £900 per month, tied in until 2010. The mortgage was a rubbish deal but i was desperate at the time and would of signed up for anything. Anyway, i would like…
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10% Deposit best rates
Hi, Can anyone give me any advice as to which are the best rates out there at the moment with a 10% deposit.I'm looking at either a fixed,tracker or vairable for a few years? Thanks
