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Rent to buy contract against deposit
Hi, I am currently renting a property on a rent to buy contract (1 yr in). I have the option to purchse the property for anytime upto 2 yrs and any mony I have paid in rent is counted as part payment against the property. The question I would like to know is would any of this rent money which can be used against the…
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Mortgage with Default!
Hi, myself and my wife are looking to apply for a mortgage soon, however I have a default on my credit report from four years ago - My wife however has an excellent credit rating, does anyone here have experience in getting a mortgage with a default registered against them?? Appreciate your help Regards
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Should I wait? Are fixed rates on the slide finally?
My lender (Accord) has reduced their retention offers on two year fixes twice inside a month, by 0.15% each time. http://www.accordmortgages.com/documents/ACCM2008_INT_EBTAL.pdf My current product with them doesn't end till February. Would I be shooting myself in the foot to accept the latest deal or is it likely there…
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No mortgage exit fee to pay
Hi I have just contact my mortgage lender - A&L - for a final settlement figure. To my supprise, i dont have to pay a mortgage exit fee. On my original mortgage contract it states £295. When I asked the A&L guy about this, he said (and checked) this figure is waived as the mortgage settlement figure is under 10K. how…
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Ex Local Authority Houses - getting a mortgage?
Hi all, Does anyone know if banks/building societies still treat ex-local auth houses differently when deciding how much to lend? We have found a house in the area we want to live in. Its at the top end of our budget and the house was once ex-local auth. A couple of the comparison sites I have used have asked if it is…
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I have a mortgage - can I also have a joint mortgage?
Hi there! I'm new on here and get easily confused, so please bear with me :D . I would really appreciate some advice. Currently I have a mortgage on one property - it is out of the fixed term period and just currently tracking the base rate - this mortgage is with the alliance and leicester and is made up of 2 amounts one…
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Stamp Duty on exchange of contract?
Hi, We are looking to purchase a new build that wont be complete until the beginning of next year but we may complete exchange of contracts before the end of this year. If we are able to do this then would we not have to pay stamp duty?
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Does this sound like good advice ??
Hi , Hoping someone can help with advice , My wife had a financial guy out the other day who advised we cash in our endowments to pay off credit card debts totalling 22k. We would get 25k for endowments at present . He then said to take out repayment mortgage for the same time period as we have ot the moment saving approx…
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Shared Ownership Mortgages - Advice needed!
Hi There Can anyone offer advice on brokers who can assist with shared ownership mortgages? Also could anyone let me know any information on their experiences with this type of mortgage? I'm interested in getting this type of mortgage but I'm not completely clear on how much deposit I would need? I'm interested in getting…
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Nationwide SVR
Does anybody know what the current SVR is for Nationwide mortgage holders. Thanks
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Non Existant endowment/Equity release
Hi guys,wondering if you can help me on this. A good friend/neighbour of mine,works part time due to retire soon recently had the shock of his life (he is a widow). He thought he had an interest only endowment mortgage for years and thought the morgtgage was nearly clear. By chance at the bank last week he happened to ask…
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Newly married Mortgage jiggling....
Myself and my husband are recently married. I have a mortgage already on another home other than our "marital home". My husband has a mortgage on our marital home - it is valued at 130k and the mortgage outstanding is around 5k. We are looking to spend 40k on an extension to our home. The problems are - my salary is twice…
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Offer from Abbey
Hi, we've been on a fixed rate mortgage with Abbey for over four and a half years now and have around 4 months of it left to run before the fixed rate is up. Yesterday we received a letter from them telling us they'll waiver the early redemption penalty if we want to change our current mortgage to one of their newer deals…
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additional borrowing in sole name but on a property that is part owned
Hi, Anybody know a straight answer to the issue of raising additional borrowing for home improvements on a property whereby I have part ownership but not majority ownership of a property. Depending on who I talk to I get different answers. The problem is the other person is retired and I have been told that in order for me…
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House buying / repo advice needed
This spans across several different boards really.... If anyone can offer any words of wisdom on this then I'd be REALLY grateful!! I had my property repossessed a little over a year as the result of a very long and protracted divorce battle, despite making the CMI's . How we reached that point is irrelevant now, but it…
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Endowment Settlement - Next chapter.
Back in 2006 I received an amount of £7,000 as compensation for a mis-sold endowment. As I needed some of the £7,000 I asked that I receive £2,000, credited to my personal account, and the remaining £5,000 held by my building society - Nationwide. Since then (2006) I have been paying interest, on the 2,000, to Nationwide.…
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Change to Purchase price. Mortgage help.
Hi, Due to a couple of things cropping up over the purchase of our property our solicitor has advised we barter the price down a little. I would like to know how this will affect our mortgage offer we currently have with nationwide if the purchase price goes down. We currently hold a mortgage offer for £80,000 which is…
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renewing my mortgage with poor credit rating
Right folks here goes.... I am in a panic!!! Ok, let me just introduce myself as the most forgetful person in the world!!! I recently had a dorothy perkins account and the balance of this account was approx £260 in total. I had thought I had set up a direct debit on this account but turned out not to be the case. Because I…
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northern rock
ive got a mortage with northern rock it was fixed for 5 years a couple of years ago 2 years to run, im looking to remortage but i have a early repayment charge, some people tell me that since the bank was nationalised i dont have to pay a charge can anyone tell me if this is true please
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Question about remortgaging to -0.51 below Halifax SVR 3.50
Hi all, would appreciate your expert opinion on this, basically i am on halifax SVR of 3.50% currently and have been offered -.051 below svr making it 2.99 for two years. Fee for this is £599. What and do you think of this and would you guys take this, unfortunately that and another mentioned below is the only one i have…
