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Mortgages & Marital Separation
I'm separating from my husband - it's amicable & mutual so no major areas of quibble in a financial sense. Would appreciate some advice on following: 1. Do I/should I tell Mortgage company that we are separating? If so, when should we tell them? We are currently still living together in the same house for financial…
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1st Mortgage payment
Just wondered if anyone could help. We are due to complete/exchange/move on Fri 27th Nov. When we went to sort out the mortgage we decided that the payments would come out by DD on the 1st of each month. So my question is will our 1st payment be 1st Dec or 1st Jan and if it is the 1st of Jan will it be a double payment?…
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Got Mortgage offer but worried...
I have just been offered a mortgage I applied for with the Halifax. The mortgage is a tracker for 2 years 4.49 above base rate giving a rate of 4.99. Initially I was going to go with Nationwide on a 3 year fixed at 5.99 but decided against this. The reason I never went with the fixed rate is there was a £120 difference to…
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An endowment question
I wonder if anyone can help with advice please. My partner and I took out an endowment policy when we bought our house 13 years ago. (We hadn't planned to but were talked into it by a very good salesman!) Anyway we have recently talked about cancelling the endowment, as of course it is underperforming, and I have looked…
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TSb offloading C&G ,Effects ?
We have just started repayments for a 'Lend-A-Hand' mortgage with the C&G ,through TSB .Just worried what effects selling off C&G will have ? suppose its underwritten somewhere that terms and conditions can be changed given notice (will have to go through paperwork ) :(
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First mortgage
Well I am getting ready to apply for my first mortgage. Have done my research and will be applying with abbey - don't need a broker. Before I walk in to the bank will I need anything other than 3 months bank statement, 3 months pay slip and ID??
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How mortgages work - completely confused
Can someone help me - I'm completely confused :confused: We're currently 5 yrs into a mortgage and are considering going up a rung on the ladder. We'd need to move mortgage provider I think as our ltv will be higher then our current provider usually do. So I assume we'd be starting a new 25yr mortgage from scratch. Is the…
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Abbey and arrears
I recently was made aware of a very unfair policy by the Abbey. A friend of mine tried to get a further advance but was told that she couldn't as she had arrears on her account and it is policy not to lend extra funds to people with arrears in the last 6 months. "Whats wrong with that?" I hear you type. Well, the thing is,…
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Part of deposit - gift from friend... would that be a problem???
Hi, We've got my offer accepted at 135.000. To get 10% deposit we used our savings about 6.500 and gift from a friend 6.000, and we've some gold (1000). Have some spare cash for fees and solicitors. It's a gift, not a loan. We applied for RBS mortgage. Agreed in principle. Yesterday we received a letter from our solicitor…
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Shared ownership mortgage with a default
Please can someone give me some advice. I'm 31, earning about £34000 basic but an extra £5000 per year overtime. I've got a default registered against me (£6500) in february 2007 for a loan which was refinanced. I sent LLoyds TSB a letter a couple of days ago asking them to remove the default on my file as the loan was…
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How can CCJs affect a mortgage application?
My girlfriend and I saw a Halifax mortgage advisor a few months ago. All went well and our house is currently on the market. Unfortunately, we have just this week received an expired CCJ via my gf's mother's address, stemming from an incident with a hire car back in 2004/5. Accidental damage happened to a car we hired,…
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Releasing Equity
I own a house (worth 225k) and only have a 39k mortgage. I am renting the house for 1,200 per month. I earn 46k per year. Can someone let me know how I calculate how much I can borrow as I am thinking of buying another property. Thanks
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endowment matured
my endowment policy matured on the 28th october, it is now the 2nd november and i have not received my money from PEARL, surely the money should be in my account on the day of maturity, is this standard procedure. the shortfall was bad enough now i have to wait! anybody had the same treatment?
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Borrowing against our French Holiday/Retirement home
Hi to all: I'm not sure if this the best forum to broach this question but here goes. My wife and I live in a rented house in England and work here too, I'm very nearly 60, my wife's 54. To safeguard our retirement years and because we could not afford to buy a house in England we cheaply bought a building plot in France…
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Endowment do I cash it in
Hi I want some advice, I have 5 years left on an endowment which will deliver far less then the mortgage , we have a repayment mortgage and have tried and failed to get compensation. We know want to cut our losses if that is the best move. If we cash in know we will loose the bonus which is not much but would increase the…
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Help
Can anyone help me and give advice. me and my partner have moved in with his mum so we can knuckle down and save deposit for house. Aiming to save £30k at least over two years. We live in south wales, and reason for £30k is because I have a default from approx 4/5years ago and suspect my credit score will be poor due to…
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Repossession: What are my rights?
I am currently living in my step dad's house. He has emmigrated and just left the house and has not made a mortgage payment since Dec 2008. I mark any post he gets with "gone away" and put them back in the post box. I am living here with his permission, free of charge with no lease/contract although I am paying council tax…
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Remortgage help please
I am looking to remortgage and have been offered 4.19% for 2 years (C&G). With the present current Standard Variable Rate being 2.5%, what is there to stop me staying on this variable rate until 11th February 2010 which is the date I need to start the new mortgage? If the C&G rate increases before 11th Feb. can I still…
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dont know who to turn to next
Hi i have been awarded a money claim from the ombudsman, for a mis-sold endownment but the company changed partners in 1999, it was called mortgage advice bureau it is now called turner scott mgi ltd, i have spoke to my solicitor who said the new company isnt liable, so there is no point taking them to court,because…
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Mortgage Advice Required
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