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BBS/YBS mortgage - 60 day window to bail out
Received a letter from BBS/YBS. They're changing some of their terms, as such have given me a 60 day window of opportunity to close the mortgage by repaying in full. I'm tied in until March next year. This is good - I can bail out since their rate isn't great. I'm concerned a remortgage will take longer than 60 days for…
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should i surrender my endowment
please help i am considering surrendering my pheonix endowment.details as follows:started 1/05/99.ends 1/05/19.monthly payment£103.64. sum assured £21200. surrender value£13499.58. i am considering paying the £13k off my mortgage, one account £100k currently 4.1% interest. using the £103 to overpay on my on account or…
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Thoughts on Bloor HomesStart2
Hi, We're looking to buy a house (which would be our first home) and Bloor have recently announced that they are doing the HomesStart 2 scheme on the local estate they are building. The houses are a reasonable size for what we need etc and would suit the purpose we want it for. We've the intention of buying a house big…
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Renting my house out and buying a new JOINT home? Please help!
Hi, Please could someone help? I'm actually scared of calling my bank to ask for advice as I worry it could jeopardise my position. I bought a house (solely) in November 2003 and owe about £88,000 on a property now worth about £105,000. I have just finished my fixed rate deal and have gone onto a variable rate (which is…
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Hi I'm new and need mortgage advice please
My 2 years fixed has come to an end which was 6.19%. My payments were £628/month during this time. Next month I drop onto the SVR of 3.5% making my payments £512/month. Halifax have offered me a 2 year tracker at 2.34% above base, making it 2.84% and £428/month, but with a £799 product fee. The question is, should I stay…
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Mortgage Advice
Hi all Just wondering what options and if there are any products that could help us. We wanting to buy a house around £200000, but I have had bad credit from a couple of years ago. My parents would be able to "invest" £150000 in a property, but they would want to still keep ownership of this money. My wife and I now have a…
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first time buyer
hi folks, looking for any advice whatsoever here i've read through the mortgage guide have a few questions 1) i'm looking to buy a preoprty of value up to £165,000 I've set this limit on the assumption that i must have 10% minimum deposit If i could get a decent mortgage with less than 10% i could afford more is 10% the…
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Mortgage Advice
Hi, Just over 2 years ago, I bought my first house with a Northern Rock Together Mortgage. On my statement and credit file, the mortgage shows up as secured lending (95k) and the loan shows as unsecured (25k). I can't find the terms anywhere so thought i'd check on here before ringing incase I have this completely wrong!!…
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Remortgage Offer
I'm helping my dad/mum re-mortgage their property to release funds to develop their property further. The current outstanding mortgage is £67K and the house is probably valued at £300K. They are looking to release about £50K so the new mortgage would be about 120K. With the mortgage market not as strong as it once was i…
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Mortgages, maternity leave and dependants
Hi wondering if anyone can help as not too clued up on this area. My partner, baby and I need to move out of current (free) accomodation and will be looking for a mortgage to buy a flat. We are lucky in that we should be able to come up with a 30-40% deposit but concerned that we won't be able to get a big enough mortgage…
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Getting a mortgage
have a deposit of £35,000 i am working part time not permanent yet. my wife is in a full time job earning £23,000. is it possible to apply for a mortgage? thanks, GARCON6
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Interest Only Mortgage & Renting
Hello First up - I've been a reader for a while but joined as I have a question which I think only this forum can answer :T I've been considering buying a house recently and have been looking at the various mortgage options. To be honest - it's all new and I'd rather get info from real people than 'advisors'. I'd never…
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trust of land
my partner at the time iherited a property.i put a lot of work into it.we have now broke up. am i entitled to anything under a Trust of Land
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Income Multiples
I am looking to move house and currently have a self cert with GE Money. I was offered a self cert 3 years ago as a lot of income is made up of benefits for my son - ie carers, DLA etc. When sold I will have about £30k equity. My credit score had took a battering in the past but have worked hard to restore it and have been…
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Mortgage advice
Hi All, Looking to buy a property £240,000 have got a 20% deposit looking to make overpayments. Have heard of being able to pay 10% of the outstanding balance off per year. Just wondered before i see a whole of market mortgage advisor 1. What is this type of mortgage called (overpayment mortgage?) 2. Which lenders are best…
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GE Money question
Hope I have posted in the right place. We had mortgage arrears (2 months)with GE Money at the beginning of the year. We agreed to pay this back at a set amount on top of our usual monthly payment - we have never defaulted or been late with this payment yet they still charge us £40 per month because we were in arrears. I…
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Can a married couple have a mortgage in one name and both on deeds?
Ive just sold my house which is jointly owned by me and my husband, we put an offer in a property and got a great deal. When tried to get a mortgage with 45 % deposit, couldn't get one. Can my husband buy with just his name on the mortgage and both our names on the deeds. Ive been told that could only get the mortgage if…
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Can you deal direct with an auction seller?
Hi, Further to a previous thread we have recently found a property that we very much like, however the auction is on Monday! Deposit and a mortgage promise have now been secured. However we do not have time to get it valued (do we?). The property is a repossession and is being sold by the high street building society. Is…
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Mortgage deal offer ending
Hi, i was wondering if anyone could help me. me and my other half are coming to the end of our two year fixed rate mortgage with rbs. as we are young and been in our house 2 years we are new to this. we want to stay with rbs but are confused as to whether we should go on a tracker variable or another fixed rate. my partner…
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When will I pay my mortgage?
I have a mortgage with the Yorkshire Bank, I opted t pay my mortgage on the 5th of every month. I moved into my house after completing on the 25th September,exchanging the day before on the 24th. I presumed my first paymentwould go out on the 05th October but this is not the case. When will the first payment go out and for…
