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Help Required!!! Cheers
I have a £153,000 mortgage with YBS which expires in April 2010. My house was worth around £200,000 but is now worth around £165,000 We would like to move house but am I right to assume that we will not be able to move as we only now have around £12,000 equity in the property which is less than 10%? The YBS told me (albeit…
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To remortgage or not to remortgage
In an effort to help my son who was having difficulty in getting the mortgage that he wanted, I asked my own mortgage lender, whether I could borrow some money on account of the fact that I had over £200,000 equity in my home - I did not mention it was for my son. I am just 60 years of age amd my husband is 63, we both…
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can i have sole ownership on a joint mortgage?
not sure if this should be here on on the 'house buying forum so i have put it on both, sorry if this is wrong my partner and i have just split up and he has moved out. he has said that i can have the house but having applied to re-mortgage in just my name i have been refused. (this is riduculous as i can easily afford the…
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mortgage for over 60s
:confused: Hi, I am a first time poster here and am looking for help, is there a joint mortgage available for a couple where the woman is over 60 with a substantial pension. So far I have been told that any completion of mortgage given will be based on my age and not on my younger partners age who is under 50. I do not…
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Mortgage advance to clear debt
I'm thinking about getting an further advance on my mortgage to clear my debts. It will be about £20K. I'm worried sick every month that my outgoings are more than my incoming with paying the credit cards and it seems like a good idea. I/ve downshifted as much as I possibly can and there's no more saving to be made. I've…
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mortgage advice please! fixed or variable???
hi there im just trying to get my first mortgage, with a 90 LTV mortgage. the 2 main ones i am stuck between is a HSBC variable discount for 2 years(0.05 below HSBC variable rate) 3.99%. which i will be paying £576 per month. Or a fixed rate mortgage for 2 years which is around 6% paying around £720 per month. Obviously…
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Re-morgage with tenents?
Hi, At the moment i have tenents in my house and i am hoping i can take the 10k out of the equity in the house, would a morgage lender let that happen? Its not a buy to let morgage either, its my normal morgage but with special circumstances as to why they are allowed to live there,the morgage company let me have tenents…
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Have Alliance & Leicester dropped SVR?
Hi guys, I have a link in my favorites to the Alliance and Leicester's website which although is mentioning the rates are for new users it clearly states "the current SVR which is currently" and it now states 4.24% which if correct is brilliant news. However i phoned A and L today and the adviser stated that the current…
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Mortgage when newly self-employed' or am I
Hi all. In an unusual situation so wanted to get some responses from people in the know. I've just been applying for a £200k mortgage to assist with the purchase of a £390k home. My personal earnings are between £70k-£80k per annum. I've been knocked back by my bank, Lloyds TSB. They say I now count as self employed (I…
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Repossession Done Correctly???
I have a thread on the Debt Freewannabe board, but I thought maybe I could ask you guys this question aswell. Very quick background summary Split with exwife in 2007 I left the house, she went bankrupt and move out, Insolvency Service asked if I wanted to buy her share, could not afford it, and now I have received a letter…
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Forgotten abandoned endowment policy
Hi, some advice would be most appreciated please. In 1993 we took out an endowment policy to cover a mortgage. After a year or two of paying the premiums we decided to pay off our mortgage early using an inheritance and the endowment payments were no longer continued. My husband has since passed away and I came across the…
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Please Help :( Divorce, Equity, Court, Mortgage
Okay... Long story short, we have a family home (lets say for arguements sake is worth £200,000) We just finishing in court and the court order was to give my mum the family house and my dad has everything else (his pension & another property worth £100,000) It was all signed and thats that. However.. The mortgage is in my…
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Do you think I will be ok?
Hi Just wanted some advice! We have sold our house for £212,500, mortgage is around £146,000 therfore £66,500 equity. We have £6,500 credit card that will be paid off on completion and a loan for around £7000 paying £280 per month which we don't intend paying off.We also have a hp on our car for £300 per month. We have…
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Remortgage without equity?
Hello all, I was wondering if someone who has more knowledge about remortgages could help me out? Its coming up to the end of my 2 yr fixed intrest only mortgage. We got the mortgage without putting down a deposit, so we have no equity. We will not be able to put a deposit down when we have to remortgage. I was just…
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MSE News: Homeowners to sue banks over 'unfair' mortgages
This is the discussion thread for the following MSE news story: "More than 300 homeowners who claim the mortgages they took out were "unfair" have been given the right to bring a group action against Barclays and Bank of Scotland ..." Read the full story: Homeowners to sue banks over 'unfair' mortgages ps - This thread…
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LTV - Advice as just over 75%
Hi I wonder if you can help. I am a homeowner looking to move, we are looking to move and have a deposit of 50,000 equity plus savings of 13,000. Total £63k We are looking to purchase at around 260-270k, and we really want to get a rate with a 25% deposit as if we cant it will then go up to 90%. We are currently with HSBC…
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Switching lender ?
Bear with me on this as I am sketchy with my details at the moment as I'm stuck in work but this has been bothering me for months... I am currently on a repayment mortgage and the fixed term comes to an end in November... I took out a few loans in the past to pay for holidays, upgrades to the house etc... I have a few…
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Anyone using ING DIRECT for their Mortgage
Hi, We are just navigating the maze of first time house buying and ING DIRECT have some really good rates. they have always given us good savings service, but have some pretty bad reviews for Mortgage service. Anyone have any good or bad experiences or advice. More importantly, they say their lifetime tracker has NO early…
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Mortgage when self employed
Hi wonder if anyone can help. My husband and I are wanting to get a mortgage probably early next year. The problem is he is self employed and only has 1 year tax return, I am currently not working but hoping to be starting a long term temporary job in next couple of weeks. We should have a 10% deposit which would be about…
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Question about my joint mortgage after bannkruptcy
I have a joint mortgage with an ex and I was recently declared bankrupt. I stayed living in the house and paying the mortgage up until my BR. I was under the impression that the mortgage company would repossess and auction it and the shortfall would be incurred by her. This was my preferred outcome because I don't want the…
