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Joint mortgage. Ex-gf left and not paying. Few questions
Okay so the ex has moved out (her decision not mine) and has left me to pay the mortgage on my own. The house is probably worth around £75k with a mortgage of £91k left to pay. I want to keep the house and the ex will not want to sell because of the negative equity. The mortgage co will not let me remove her name off the…
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Help! Self-employed & employed first time buyer morgage!
Hi there After much searching I are beginning to think we may not be able to get a morgage anytime soon. I am employed with a good credit history earning arond £20k and my partner has been self employed for 18 months with a constant income and an income last year of £19k. We have no debts and a £15k deposit but no-one…
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Mortgage appeals
Hi all, Me and my OH applied for a mortgage last week after having an offer accepted on a house. Found out today that the mortgage was declined. First of all, our situation is outlined below: My income: £13.3k (tax-free) OH income £25k Deposit: £17k (saved ourselves) House price: £130,000 Mortgage: HSBC 2-year fixed @…
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Consolidating Mortgage and 2nd charge (loan)
I have a mortgage and a loan 2nd charge mortgage with Standard Life 2nd charge with GE Money which is an unregulated loan and would like to consolidate the two as the GE Money loan has a huge interest rate of around 11% any advice much appreciated
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Nationwide overpayment question
I paid £100 extra off my £46k, 17 yrs left mort. in the last week of SEPT. My rate then moved from a fixed rate 5.89% to 2.5% BMR on 1/10, but this months payment was exactly the same as they had advised it would be on 1/9, when notifyying of me moving to BMR from 10/10 payment. I know the o/p was small but shouldn't my…
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RBS mortgage application 'pulled for audit'
Hi all, We are in the process of a formal mortgage application with RBS and their standard 48 hour turnaround was exceeded on Friday so we called up today and our application has been pulled for audit. They would not give me any more information. Does anyone know what this means and should I be concerned? Thanks
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How quickly are Fixed rate deals changing?
I'm thinking of holding off fixing my mortgage (Been offered a £225k mortgage @ 5.39% for 5yrs) so I can enjoy low rates, overpay a bit and then fix in about 12 months time depending what rates are like then. Has anyone got a view on how quickly the rates of Fixed products are changing? The impression I got a few months…
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Mortgage Advise Please
Please can someone advise me what the proccess is now. Have had a mortgage agreed in principle and provided all the relevant proof or incomes etc, completed the app etc also. Valuation is due this week. Can someone advise me please what happens next. Does this mean all of the credit checks etc have been done succesful and…
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"Unenforcable" Loans enforcable. High Court Ruling.
Not strictly mortgage and endowment related but there has been many an excellent thread started about Cartel and other advance fee [TEXT DELETED BY ABUSE TEAM] companies so this is the latest on the "unenforcable" loans situation.…
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125% mortgage and want to move
We have a 125% mortgage with the infamous Northern Rock. We are coming to the end of our 5 yr fixed rate in Dec next year and want to move to a bigger house. We don`t have a deposit what are our options if any? House is worth the same as we paid for it but not many selling near to us. I was wondering in part exchange might…
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Mortgage issue with ex-partner
I've recently split with my now ex-partner and we're looking at the house we own together. She wishes to buy out my share however if she's unable to re-mortgage with our current bank and needs to switch, and subsequently incurs any early redemption charges (as we've still got 2 years on the fixed rate), who is liable for…
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Taxi mortgages?
Hi, I am a new member & looking to see if anyine can give advice of help. My partners is a full time taxi driver (has been for 2 years now) & we are looking to find out if we can get a mortgage in glasgow with him having no records of earnings or accountant. Is this possible & if not what do we require? I am looking to…
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Bad Credit No Deposit Mortgage
Sorry this is another post about getting a mortgage with bad credit and no deposit but i've been reading/listening to conflicting advice allover and am just after another opinion as everyones circumstances are individual. Basically me an my partner are looking to get onto the property ladder and are tired of throwing rent…
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Mortgage for local second home
I hope someone can help to clarify second home mortgages for me. My wife and I are both retired and would like to buy a second home near to us for our daughter who has been renting for many years in different properties and each time she moves it becomes more expensive for her as she is in a fairly low paid job. We have…
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Partners effect on my application
Hi, i was wondering if anyone could tell me if my girlfriends previous re-possession would go against my mortgage application. I am going to be the sole applicant on the mortgage. We are not married but are financially linked through our joint account and being at the same address on the electoral register. I have asked…
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Abbey Mortgage deal ended, can't afford the new repayments
Hi, i've had a 2 year tracker and been paying £125 per month since the bank of England rate went down, now my tracker has ended it's going up to £1200 and i can't afford to pay it. I have spoken to my financial advisor who says there are no deals around at the moment and after discussing various options we seem to be stuck…
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mortgage related products, help please!
ive had a mortgage application approved and was asked by the solicitor if i would be taking out the lenders buildings and contents insurance for the new property, they were suggesting i should as it would make make things process more smoothly. they also said that they would make an additional charge (i think it was £30)…
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Co-op deed of consent FAQ
Hi, I'm just in the final stages of receiving my mortgage from the co-op bank and have been asked to fill out a deed of consent if there are any over 17's living with me, which there will be. Over the phone, I was basically told this will be her signing that she doesn't have any right to the property should I have problems…
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Should I tie into a fixed rate for 5 years now?
I am currently on Alliance and Leicester's variable rate and my monthly payments are 498 GBP per month. (I came off a 2 year fixed rate a few months back and was paying just under 1600 GBP per month. On Thursday I am due to tie in with The Abbey at a fixed rate for 5 years at 4.69%. This I believe is a very competitive…
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New mortgage and bridging loan
Need some advice please - we're currently renting, having sold our house last year. The equity was put into fixed rate bonds and it looks as though we can't access some of the money as no withdrawals are allowed: we have approx £100k tied up in 2 accounts which will mature in approx 12 months time. Has anyone had any…
