-
Mortgage quote..
got this qoted to me on 60% shared equity. I have made a calculation and affordability assessment based on the information you gave me. 1) The mortgage would be £76,500 over 25 years. 2) 100% 3) The two loans mentioned in your enquiry form for a total of £530 per month would be paid off before the mortgage starts. 4) Some…
-
mortgage mess help
My husband and I separated 2 years ago, 9 months after buying a house for 210k with a joint mortgage of 194k. He earns 50k and this was ok financially. However now the house is only worth 175k. My problem is this: we have 3 boys who were 3,5 and 10 at the time so I wasnt working at all. He could not afford to pay mortgage…
-
is a large CCJ going mess up our plan
we plan to move in 2 yrs, down grade and release equity to settle my debts and put a large deposit down on new home. have several defaults and 1 CCJ after going on a debt management plan with the cccs 5yrs ago. ill cut a long story short as ive posted details before the CCJ was for 27k and is being paid off monthly as per…
-
Mortgage change over
When we took our mortgage out in 2001 without knowing until very recently i actually signed the paperwork when the company had me down as employed when i have been on Disability benefits since diagnosis in 1998. However, our mortgage company is Kensington Mortgages of whom we have read nothing but bad reviews about. We…
-
Help please - how to select an IFA to process the mortgage
Hello people, I am a FTB (Scotland) and have contacted 2 IFA's to get the mortgage sorted out - 1st one is through the property agent (with whom we are buying the house) - his fee is £500 but will deduct any commission he gets from this and will come to our house to process everything the 2nd one is via our solicitor and…
-
Argh help Trying to reduce mortgage payments with the Abbey
Hi i wonder if anyone can help or give me some advice.I have a mtge with Abbey 155k and its on a fixed rate of 5.95% until jan 2011, my hours have been reduced at work and we are finding it really hard to make ends meet (living on c/cards at mo) we have 3 kids and my husband in forces due to leave in 6 years. We have rung…
-
Leasehold Valuatio
Deleted! Sorry, realised I'd posted under the wrong forum....
-
Halifax - consent to let
Hi all, First post so please be gentle! Anyone any experience with Halifax and requests for 'consent to let'?? Are they pretty much ok about it or is it rare for them to agree? Don't know if it makes any difference but I've been with them for 15 years and never had any payment issues. Also rent will be way over mortgage…
-
Concurrent mortgages on different properties
I’m looking to buy a property at auction at around £400k which needs renovation and updating works of about £86k to be completed before I would move in. Its in a habitable state but needs some structural work, new flooring, new kitchen and bathroom etc and i don't want to put the family through that. I have 65k savings and…
-
Beacon Homeloans withdraw from new lending
Beacon to stop new mortgage lending It looks like cases that are not in the offer queue and ready to offer by today are going to be out of luck. It seems that cases where there is already an offer in place will be honoured, but I suspect that these offers will not be renewed.
-
Fixed term employment and mortgages
Hi all, just wondered what the situation is with fixed term contract employment and the likelyhood of getting a mortgage. My partner is permanent, but I am on a contract with about a year left (not heard about renewal yet), but it's already been renewed once and this is my 5th year working in this field. We have about 10%…
-
Exit Fee!
I have just been informed by A and L that they want £195 "administration fee" to close my mortage account. I only owe £3.182. I find this extortionate. Any advice would be welcome. Thanks.
-
Gift Letter -Mortgage - Credit Cards
Mortgage company agreed mortgage provided I reduce credit cards - which I thought was ok because friend gave me a gift of a considerable amount of money (6) to clear. Now they are querying that its not a family member - you would have to know my family to know why I am laughing right now. Has anyone else had similar with…
-
Gift Letter -Mortgage - Credit Cards
Everything accepted with A.N. except they need to see my credit cards reduced. I have a friend who is gifting me a fairly large amount - but is a gift - she is rich and knows the problems I have. I have read they only accept gifts from relatives - this is worrying me - sat on the edge of my seat for three weeks already I…
-
Would I get a mortgage
Hi Just wondered if anyone knows if there's an upper age limit to get a mortgage for the 1st time. I'm 45 just now - never managed to get out of rented accommodation but now might have the chance as have been left a bit of money which would mean I could probably put down at least 40% of the price of the houses I might be…
-
Should pay off my mortgage with my redundancy payout
I am due to be made redundant over the next few months and will recieve sufficient funds that would allow me to pay off my mortgage(4.89% fixed for next 7 years). I don't have any other income or savings. Should I pay off my mortgage and become debt free or should I use my redundancy money to live on until I get another…
-
mortgage advicer
we recently decieded to remortgage so we had a adviser who then decided which mortgage or we wanted so we then sighned some papers but we were not aware that there was 650 charge for solicters that we will have to pay we were told that it would only be a 200 charge for swapping fee also he did not tell us that there will…
-
mortgage and credit report
I'm planning to apply for a mortgage next week and I needed my credit report updated to reflect the change in debt. I read an article on this website stating that I can get a special request from my bank to update my report with 48 hours. I spoke to egg and filled in a request but they got back to me today telling me the…
-
New job new mortgage
I need help! I was made redundant 8 months ago & was lucky to get another job. Now my new employer has announced that there are going to be redundancy, not yet in my dept but that’s not to say it wont be next month or so. My question is....My house is up for sale, the bank have already said they will give me a mortgage…
-
Kensington Mortgages - Arrears letter
Apologies if this has already been posted elsewhere. Today, I've received a letter from Kensington, telling me that unfortunately they are not receiving the required level of payments to my mortgage account. Repossession proceedings blah blah, ring us and we may be able to help you. As I get paid weekly through an…
