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Can't keep up my mortgage!
Can anyone advise me what to do? The value of my house is lesser than my mortgage balance plus I have a secured loan. I have very less knowledge about mortgage and finances. Though I thought this idea is possible: If I negotiate with my mortgage provider, that I wish to buy a house which is way, way lesser than the value…
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Can i have a mortgage but both my partner and i be on the deeds?
Can anyone please advise? My partner and I are in the process of moving house. Our mortgage lender would not lend the extra that we needed to borrow for the new property due to one debt on my partners credit file and low income. Based on my income alone the bank have agreed that we can have a mortgage but it would only be…
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Yorkshire Bank Mortgage
I am several years into a YB Rapid Repay mortgage. A deal that charges an interest rate of 1.79 % above Bank of England Base Rate. Recently received a letter that they were changing the rules and that the 1.79% was now flexible to allow the bank to remain profitable. My reaction is that they cant just tear up the previous…
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Will I get accepted for my mortgage?
Im planning on applying for my mortgage next month. Im a first time buyer earning around £25,000 a year. The houses Im interested in range from £70,000-£80,000 and I have my 10% deposit.I have a stable job which I have been in for the past three years. Debt wise I have never made any late payments and have only my loan for…
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interest only - what about the capital
we're thinking of going interest only for a while to help us clear off some debts. However, I still want to be paying in to an account towards the capital on the mortgage. Now that Endowments don't exsist what should we be paying in to?
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Mortgage offer received - overdraft question
Hi there, I've had the full mortgage offer from the Halifax and about to exchange contracts on a new build. House likely to be ready early Spring. Haven't had an overdraft for many years though have the personal reserve thing with Barclays which again I've not utilised. Planning ahead a little and with the additional…
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New Bank Account affect mortgage?
Hi, I will be applying for a mortgage in the coming 3-4 months and need to open a business bank account for my new business. Any bank account will do. Will this appear on my credit check. Is it wise just to leave it until I get a house? Many thanks, C
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Selling Endowment
I'm looking to get some quotes with a view to selling my Friends Provident endowment policy. I'm going to try APMM (http://www.apmm.org/) and Baronworth (http://www.baronworth.co.uk/selling-endowments.htm). The latter apparently trawl the market and contact nearly all the market makers but I'm wondering whether I should be…
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Help or advice needed!!!
Hi there all, i am currently in the process of buying our first house with my wife.. we have found the place, got an offer accepted and sorted the solicetors and surveyor out....now we are having trouble getting a mortgage after one was agreed in principle. We have credit cards and loans which we can not pay off, and…
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Pay off debt or use as a deposit
Hi All, My first post so be gentle! Looking for a little bit of your advice, opinions and financial common sense. Hubby and I got married earlier this year, and moved in together. We now have 2 properties. I put mine on the market and it sold within a week! Just going through the final stages of the sale and should…
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end of interest only mortgage
Hi, my Homestart mortgage (interest only) is about revert to capital repayment in April 2010, at which point the 3 year fixed interest rate will end, which at the time was 6.69%. when purchasing the property i put down a 5% deposit, but this was pretty much at the hight of the property boom. i have not yet made an…
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No Longer Being Offered Interest Only Mortgage
My husband was made redundant and has been out of work since February 2009. This is the second time, the first was in July 2007 and he managed to find a job in March 2008. Up until 16th October 2009 we were on an interest only mortgage which our lender had switched us to help with the payments and we are currently…
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Worried sick and trapped
Hi there. I have a mortgage with Accord, at the time they were the only ones who would give us a 95% mortgage. The payment each month is £927.00.Interest rate 5% I never took out mortgage protection insurance as i was stupid!!! The fixed rate is for 10 years and we have 8 and a half years left on it. We are now struggling…
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How to increase chance to get a mortgage? (self-employed)
I'm self-employed and am currently putting together plans to start saving for a mortgage (first-time buyer), I'm not going to be in a position to get one for a couple of years but want to make myself as attractive as possible to lenders when I am. One thing I've heard that improves your chances is if you have been…
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So what is the general trend in mortgage rates?
I have a particular interest in fixed rates but, more generally, I'm trying to get a feel of what's happening. My overall impression is that matters are on hold for most lenders.
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Nationwide application process
Hi. We are first time buyers and we saw a mortgage advisor at Nationwide on Saturday (I have a current account with them). We have an appointment to make a full application tomorrow morning. Can anyone give us an indication of how long the process tends to take with Nationwide. We've seen a house we like and the owners…
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Help with transfering my mortgage please?
My Wife and I took out a mortgage 3 years ago on a fixed rate of 5.5% interest only. We need to bring our costs down and would like to try and transfer the mortgage to a better rate. I am told by a mortgage advice company that I can only do that if we have a minimum of 20% equity in our property. We do not. We have a…
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Premium on New Builds
Hi, Me and my girlfriend have recently just put a deposit down on a new build with a part-ex on ours. We were told by the building company and most banks/mortgage companies that the new builds are attached with a premium and are usually valued at second hand. Knowing this the new build company decided to honour any under…
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Additional interest charge in advance
Hi, My wife and I are first time buyers with a recently accepted offer on a house and we've had the mortgage accepted with Nationwide which is a good start. I'm confused though as to the initial payment we've been told will be applicable and was hoping for some advice on this if possible!! Basically, we'll be paying the…
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Mortgage question - fixed year tie-ins?
Hi all, my mortgage fixed 2 year term is about to end, and I have spoke to my Mortgage Building Society, about moving to another 2 yr fixed rate mortgage. They advise me to move to a Standard Variable rate with a 2.5% discount for 2 years instead, as this mortgage doesn't have a tie-in. They said that if I take a fixed…
