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sue mortgage lender for false credit reporting..?
Looking for opinions, experiences on the situation below please. Would you sue if your lender has continiously been reporting incorrectly 'Missed payments' to credit agencies (Experian/Equifax) for 5-6th time. So you have made all mortgage payments in time but lender keeps reporting this incorrectly. I am in a position…
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Remortgage - How do I find out current value?
Hello, We bought our house in 2006 with a together mortgage from NR, we paid £128.5k. Our fixed term ended in April 2009. I've looked on Nationwides website and they think the house is worth in todays market £131k. Since December 2007, NetHousePrices have the sold prices for 5 houses in our street, all the houses are the…
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Mum and dad to remortgage to pay off mine - is it possible?
My Mum and Dad want to sell half their house to my brother, this is effectively what would be my half of the inheritence. He will get a mortgage to buy half the property giving the moeny to me so I can pay off a large chunk of my mortgage. Is this allowed, what tax problems may we encounter, I know that I would be liable…
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Should I put money in savings or put it towards the mortgage?
Hello everyone, I was wondering anybody out there could give me some advice. We bought a city centre apartment for £172,000 in Manchester in May 2006 and have a mortgage of £147000 and we are thinking in the next year or so of upgrading to a house in suburbia for around £280,000. Our current mortgage is at a fixed rate of…
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assistance required
Hi all, my brother owns a house but due to financial implications he cannot afford to live in it and is living at his wife's parents house. He ideally would like to get a council house in the area he is living in du to his children as one of them is disable. To assist him i have moved into his house and am paying him rent…
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Should i try?
My partner and i both work full time. Both 25. We stay with her parents. Been thinking about getting our own place for a few months. We done things wrong got the cars had the holidays not thinking about our future so have no deposit. We have seen houses for sale through the governments shared equity scheme. And thinking if…
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Abbey Process - How long after AIP til formal offer?
We have recently got an AIP from Abbey, they say that our application has been agreed subject to satisfactory Valuation Report and/or References) and that a mortgage offer will be sent out soon. However, we have already had a valuation done. How long can we expect to wait for the formal offer to come through? (Also, do…
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Interest only buy to let?
Hello I currently have an apartment that was bought in 2006 for £136,000 on a fixed-term 100% repayment mortgage at 6.4%. My monthly payment is roughly £900. In December, the fixed rate term ends and I will be able to change my mortage. I can't sell as I am currently in negative equity. I am hoping to buy a house with my…
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Endowment Savings Policy Mis-Selling
My wife took out a small savings vehicle with the Royal National Pension Fund for Nurses in 1984 It was some sort of Endowment Saving with Annual & Terminal bonuses. The 25 years are up and she is to get 1/2 the promised amount by the Financial Advisor The organisation has been taken over by Liverpool Victoria. Dose this…
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property valuation
Hi interested in buying a property £250k priced to include planning permission for a 2 bed bungalow, checked with council and the planning permission had expired. (no work carried out within the 5 years) Have spoke to vendor who thinks property is still worth 250k without the pp. :naughty: even though estate agent states…
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Equity Release?
Hi, I am looking to move property but need some help from my parents. It has been suggested that an equity release from their property might be a good way of getting the deposit I need - I have little/no equity in my own flat and thus need approx £35k-£40k for a 20% deposit. Their property is worth £140k-£150k and they…
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would i get a mortgage??
hey all i brought my current home nearly 2 years ago: i have now seen a lovley house which i would really love to get my hands on....however i am not sure its even an option so any advice would be great. current house brought for 144k current vaule 140k new house 210k but!! no deposit to put down and i also have a loan…
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BTL refused...how long until we can re-apply?
We were refused a BTL mortgage on a place we bought at auction for refurb, with a view to letting it out. Luckily we scraped together the cash to buy it and it's well on the way to being ready for occupancy by Christmas 2009. Natwest said they refused due to the place not having a kitchen and therefore not being habitable.…
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Credit rating and renting Vs. buying
Hi there, I have had some trouble in the past (5 years ago) with an unpaid mobile phone bill and my credit rating was properly hit as a result of this. I have been living within the same electoral roll for the last 5 years and I checked my credit rating which is recovering. My question is: I have just tied the knot and me…
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2 year tracker/variable confusion
I am considering buying a house and am a bit baffled by which is the best mortgage for my needs. Comparing fees and % rates is very confusing!! I would like a 2 year variable/tracker that allows me to overpay by 10% (or more if not too much extra). I have a 40% deposit by way.
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DEEDS... How much?
Does anyone know how much it is to change to deeds on a mortgage? Does this have to be done at the solicitors ? I've seen information on the net stating that there are templates out there which you can use which does not cost anything? Any ideas?:confused:
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Am I overstretching myself?
We've seen our long term dream house but could do with some advice/opinion on whether I could be overstretching myself to buy it. Basically the mortgage would be 65% of my net monthly salary and I reckon I'd have about £800 a month to live off after all bills / monthly commitments. I live in the north of England with my…
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Mortgage lending to get even tighter
If this report is correct the criteria for mortgage lending is going to get even tighter. Its a pity this was not done a few years ago. http://news.bbc.co.uk/1/hi/business/8312900.stm
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Bad Credit Mortgage
I wonder if you savvy experts could advise what the chances are of being granted a mortgage in the near future? Here's some background info... following redundancy I got into some financial difficulty a few years back which resulted in two defaults; one from Grattan for £187, now settled and due to expire in May 2011. The…
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Costs invloved in changing to interest only
Hi folks, Here's the background info: 70k left on a repayment mtg with 11 Years pleft to run. We are wondering whether, in order to ease the monthly burden, if we should swap to interest only? I am 40 & partner is 44. Current monthly payments are approx £680. My concerns are: What will the endowment/savings plan cost? Mtg…
