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Mortgage holiday help
Hi there we are expecting our first baby and i rang Nationwide to ask for 6 months mortgage holiday for while my wife is on maternity leave. They will not give us this due to value they have on our house - £185,000 However i had the house valued in June by 2 different Estate agents and the house is worth £275 - £285,000.…
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Paying off endowment portion of mortgages
We have about 13 years of a 17 year mortgage which is roughly 65% repayment and 35% endowment. The endowment comprises a number of policies. One policy is due to come out next year. When it matures am I "honour bound" to pay that portion off the mortgage loan or as long as they (the lender) get their money in 13 years time…
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Mis-sold mortgage???
:rolleyes:
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Could somebody please help explain the next stage of the process?
Hi Our current position is as follows: - We had an offer made on our house which we accepted. The person buying ours is a FTB and can move in at the earliest opportunity. - We put an offer in on a new house which was accepted. The house we are buying has no chain (current owners have left the country) - Solicitors on the…
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Who gives you the most money?
Hi, Is there a website that tells you which lender gives you more money going on your salary? Nationwide said they would only give me 3.5 times my salary but said some others might give more. Cheers,
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Suprised by how much my current lender was willing to lend.
I had a look on Charcol online and called up London and Country today to see how much I could borrow if I moved home. Charcol brought up very little, and London and Country had a few offers, but nothing amazing. I called my current lender and went through an agreement in priciple process with them. They were prepared to…
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Affordability Calculator - how do we find one?
Just reading a few threads in partic the Abbey one! And wondering how I can go about getting hold of the 'affordability' calculator that some of the lenders seem to use these days to work out 'average' outgoings etc. We will be looking to apply for a mortgage (hopefully) early Spring. I'm not working as I'm at home with my…
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Equity Release?
Hi, I'm in the process of having a flat 'signed over' to me and have decided that I'd like to replace the kitchen, windows and have a general refurb done. I *think* I'm looking at just under £10k anmd would like to know what the best way of borrowing money on the house. I've thought about asking for a small mortgage and…
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Advice Needed - All Appreciated!
Am looking for any advice.....all of it appreciated. I have been searching the forum, but thought it was time i bit the bullet and asked my question -or several...... My Boyfriend and I are looking to buy a % of my boyfriend's parents house. We have lived here for 2 years and have been paying him rent. He has now offered…
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Mortgage with adverse credit
I am 31 years old earning about £34000 basic with about £4000 a year pay. I'm single. I have a loan which was settled february 2007 however before being settled I was behind in payments which is annotated on my credit file. However it's not listed as a default. About 6-7 months ago I had about 2 months when I was a month…
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remortgage deal !
Hi, Just about to pay the last fixed rate deal on my mortgage on 1st december 2009. Hurray I say. Hubby self employed and 2 years ago had a self cert. We have been paying a little over the odds but unfortunately we had no other choose as we only had 1 years books. Spoke to our financial advisor and advised us to stay with…
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Debt collector chasing mortgage payments on a repossesed house
Please help! Not sure if this should be here or on the debt board? Sorry if this is wrong. I posted a while back about my OH's ex-wife leaving the house that was in joint names to be repossessed. This was still showing as money owing on my OH's credit report, even though the house had been repossessed and then sold on.…
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Portable Mortgage Question
I am not sure exactly how this works. My mortgage is portable - apparantly. When I got the mortgage it was at an LTV of 75%. This was the max they would loan against the property (although based on my salary they would loan me more). Lets say the house is worth 200k and the mortgage is 150k. If I want to move to house…
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3 yr fixed rate runs out march 2010
im wanting to move house and my fixed rate of my current house is out in march 2010,and im wanting to move house- the rates on the current mortgage are high so will be moving lenders in march...any advice on how i go about my mortgage if i wanted to go to another lender in march (which i will as there are better deals out…
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Joint Mortgage - seperated
My ex partner and I have a joint mortgage, we split about 12 months ago and they signed a heads of agreement which we had witnessed, accepting that in return for me taking on the outstanding debt for the home (which was more than the property was worth) they would relinquish their beneficial interest in it. My plan was for…
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Portable mortgage not really portable !!!
Hi, I currently live in my own home together with my partner to and am four years into a five year fixed rate (5.09%) which expires at the end of 2010. This still has penalties of 3% in the last year but I was told it was portable. I owe £100,000-00 on the mortgage and the property is valued in the region of £150,000-00.…
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Advice needed!!!!
Hi, I am new to this forum so please bear with me but I have got some mortgage problems I need to discuss. Almost 3 years ago I took out a mortgage with a ex partner as first time buyers. Unfortuntly the relationship broke down and although I couldnt take the mortage over in my sole name we came to a agreement that I would…
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Nationwide wording
Hopefully this will be a quick question for someone to answer for me "Please note that you cannot switch to an alternative Nationwide product before the end of your deal " does the 'end of your deal' part mean if you're fixed for say 3 years, or does it mean the end of the mortgage?? I'll admit, I'm very very simple when…
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lett or sell
my flat is valued at £107k mortgage 40k say i want to keep property but move up to a property valued about 200k. once mortgage is paid off--i can expect a rent of £450 a month after letting agent costs. 1.do i pay mortgage off quickly-3 years--then save for a deposit 2 years(5 year time period. 2.keep part mortgage--save…
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mortgage renewal- current one runs out
ok so my fixed rate runs out 28th march 2010, if i leave before then i get chrged 6% of remaining balance.if i leave after its just an exit fee of £145... im wanting to move to bigger house, and not sure what to do- do i wait until 28th march and renew my mortagage with a different lender (with better rates) then transfer…
