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Buying a house in negative equity.... do we have right?
My partner and I have had an offer accepted on a house worth 128k. We are 8 weeks into the purchase process and have signed our contracts, we have been told now after 8 weeks that the sellers are in negative equity on the property and have to seek a loan to cover the remainder of the mortgage before they can complete. Is…
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Help with Moving & Buy to Let
Hello, First time poster here so be gentle! I've been living in the same property for around 5 years (mortgaged with HSBC, fixed at 5.5% until 2012) and am looking to move. I don't want to sell my current property, but I wanted to rent it out and then rent/buy another (its due to a potential job in another area). On…
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Deed of Consent & Charge
Hi there. I have applied for an additional loan on the mortgage which is in my name. My husband is not on the mortgage so has been asked to sign the 'deed of consent and charge' form. BUT he is worried that in doing so.... if something were to happen to me, he & our little daughter would have to vacate the premises as…
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Error by lender, can I claim back costs?
I'll keep this quick. My lender today informed me, after 3 months of house buying stress, that they actually made a mistake on my form and I fail their affordability checks. Since this I have instructed a solicitor, had a survey and a further drain survey, all of which I would obviously not have done had the lender not…
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Mortgage arrears
Hello, My partners son has a mortgage with Halifax and has been out of work for six months therefore his mortgage is now in arrears. The Halifax have emptied his savings account to offset these arrears without his permission. Can they do this ? Thanks Robson
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Advice please! Coventry won't accept our proposed repayments
Any advice would be gratefully appreciated on this! We have fallen behind with our mortgage repayments and had made an arrangement to pay back £700 per month (normal payment is £642). Although for the most part we have managed this we have missed one and only paid part for a couple of months. The arrears on the mortgage…
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Deposit: 10% debt free or 15% with 10k debt?
Hi all We have just had an offer accepted on a house and I'm debating my options on a new mortgage. The collateral from the sale of our means we could pay off our debts but which is the best option? Would it be better to have a 10% deposit and no outstanding debts (no credit cards or loans), or would it be better to have a…
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Northern Rock will not grant us consent to let
We have a maisonette in Edinburgh which our student son stayed in, he has now moved to get work in another part of Scotland, and the property is empty. The property is in 3 names, me and my hubby, and our son's. Our son hasn't started work yet, technically he is unemployed, but he is going to work as a self employed agent…
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Help/advice needed with mortgage and relationship split...
Me and my partner have split, we are still living under the same roof and it is amicable, The situation is, due to him being paid monthly and me 2 weekly, he paid the mortage once a month and i paid all other bills. This worked out equal at the end of the month. Last month I found out he had not paid any payments and we…
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Any inside industry help with mortguage out there?
Hi just been having a little problem with a well known mortguage lender on the high street can any one with industry experience offer any advice? My wife and I are looking to buy our first house and have been a little nieve with our last mortguage lender. We saw a house we liked and put in an offer. The offer was excepted…
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HSBC rejection??
Hi all Long time watcher, first time poster, but could really do with some advice right now. My wife and I have a baby on the way and we have just sold our 1 bed flat for £142,500 and have had an offer accepted on a house for £215,000. We have a 10% deposit to put down and have applied for a tracker mortgage with HSBC.…
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3 or 5 yr fixed from Feb 2010
My existing mortgage fixed period (4.89%) finishes end of Jan 2010. Currently with YBS - their new rates don't look very good, and I believe when I goto the SVR it will be higher than my rate now! I am looking for new fixed deal. I see the 2yr rates are good, but I am kind of thinking 3 or 5 year might be better, assuming…
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Woolwich Mortgage reserve account??
Sorry, another one..... Can someone tell me how the woolwich mortgage reserve account works. I would just phone and ask, but they seem to be somewhat part time :) From research it appears, that there is upto £20k available for home improvements, at the standard variable rate. Now is this amount only upto 85% of the…
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Struggling with Halifax mortgage
Hi everyone, this is my first post after a few days lurking, so please be gentle! :o I am trying to find some information to help a young family member. The short version is that this person bought a house in 2006/7 with 100% mortgage for £80k, for a 40 year term at approx 5 times their annual wage. :eek: (Something I…
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Can someone check this out?
I posted a message on moneysupermarket message board asking for some advice about mortgages. Is the advice received correct and the best deal? There are more users on this forum so I'm asking for a second opinion... Can't add a link:mad:
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Helping mother-in law buy new home
My mother-in law is looking at buying a home that is about 30K more than what her current one is worth. My wife and her son are willing to put up 15K each to allow her to buy it. What tax implications does this have immediately (if any) and indeed down the line for inheritance?
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house dilemma
i have a friend in har mid fifties with a son aged 29 years old with learning difficulties, he does work, employed through remploy at a company for past 10 years approx.her and her husband have a mortgage appox 12 years left to run, they owe bout £60,000 on mortgage and house is worth bout £250,000, she cart afford to buy…
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quirky mortgage question - need advice
Hi all, My wife and I are currently in real financial difficulty and have spoken to the CCCS regarding starting a debt management plan (DMP). We're not currently in a DMP however we're looking at it as an option depending upon the answer to my 'quirky questions' below. Our home is worth approx £160k and we have a…
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Remortgage
I am looking to remortgage currently on halifax 3.5% svr. Good equity over £140k, credit history good but have high multiple of income on the mortgage something like 8 times. Mortgage remaining is £197k. i have seen the market and some deals are not bad, my current income its tight but i can afford it (currently paying…
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95% Mortgage
Hey guys i currently have a shared ownership flat, we have just put it up for sale, we have found a house that we would like to buy but we do not have enough deposit for a 90% mortgage, we have been looking for a 95% mortgage but can not find one. We have our mortgage with abbey at the moment but they can only offer us a…
