-
Flood Area Completion
If a house is flooded (or affected by damp) between exchange and completion, how does this affect mortgage offer and can property be revalued by Lender?
-
Remortgage for holiday let.
We have no mortgage on our house and want to convert our barn to a holiday let. Our joint incomes are not sufficient to raise the amount needed via a normal mortgage, and Buy to Let seems to look at the current value of the property to be let, not the other assets of the applicant. Does anyone know a solution to this…
-
Extend loan but have charge on property?
Hi all Due to my wife's bad credit history, had to get the mortgage in my name only. To give her some security tho, we had a charge put on the property through the Land Registry. Now I want to extend the loan to build an extension but we are concerned that the 'charge' will link my wife's credit history and adversely…
-
Nationwide payment holiday
Has anyone succesfully applied for and got a payment holiday recently from Nationwide??? I am finding times very difficult and rang to ask about one, i wanted to use the mortgage money to paty off some other debts. They didnt want to know at all!!!!! Any help very much appriciated
-
overpaying on an interest only mortgage
Can anyone help me please, im looking at making extra monthly payments on the capital of my interest only mortgage. My mortgage is for £105,000 and is on a fixed rate of 5.89% with 17 years remaining. I am looking at paying £350 per month off the capital. I want to know how many years i would save/ how much money i would…
-
ftb mortgage advice
hi i have seen a property that i will be viewing tomorow, asking price of property is offers around £95k. i have been looking into mortgages for ftb with ltv of 90% i currently have £5k in savings for a deposit as you can guess im £4.5k short of the deposit for the house if i was wanting to buy it. what is my options for…
-
Self-certifying with large deposit?
Hi all, I have a £90,000 deposit and would like to buy a small one bed flat in the region of £130k in Brighton. I've been made redundant from my job this month, but have retained my existing contract clients so I'll have a regular income of about £1000 a month after tax. Will I be able to get a self-cert mortgage? Have…
-
CCJ Mortgage
I have two mortgages a buy to let and the place I live. I now need to upgrade and buy in an area near a good school. However my husband incurred a CCJ LAST YEAR IN 2008. It is for a bit under 4000 pounds. My Natwest have said that no one on the high street will lend to us. WQe have never missed a mortgage payment. I…
-
Fixed rate deal ends in April 2010 - what do I do now?
My fixed rate repayment deal (5.89% for 2 years) expires in April 2010 and I will automatically move onto a base rate tracker set at 0.85% above B of E rate, with an offset facility. That seems like a very attractive deal (1.35% at today's rates) so I am tempted to stay, but I am concerned, as many of us are, by what the B…
-
HELP!! Paid valuation fee now refused mortgage??
Hello All I hope someone can give me some advice (or just listen to me moaning!) My husband is being made redundant in September and will have around £40,000 redunancy money with savings. I work part time so we've decided to use the money to pay off a lot of the mortgage and bring down the monthly morgage repayments to a…
-
Who do Natwest consider to be a "FTB"?
Hiya all, Am now driving myself potty worrying so thought i would see if anyone has any words of wisdom. I owned a house with my ex many years ago, and moved out back in 2001. The house was in limbo for a while and was eventually transferred to him (and our joint mortgage paid off) in full 2 years ago. I have lived with…
-
How does the LIBOR affect my mortgage?
I took out a mortgate just under 2 years ago. At the time we were given a 2 year set interest rate of 6.99%, after which the interest will be 3.85% above LIBOR. Obviously as the 2 year mark is almost upon us I'm taking more of an interest into how this actually works (especially as the low LIBOR rate at the moment means…
-
FTB Mortgage - now found potentially better deal ?
Folks, Me and the Mrs are currently renting, although I used to own a house about 5 years ago. When you look at mortgage calculators there is usually only the option of 'FTB' or 're-mortgage', so we said we were FTB's - but did say to one advisor in the NatWest branch that I had owned before some years ago. We were then…
-
Mortgage payment
Morning all I wondered if anyone knows a rough answer to the following before i contact our bank- Hopefully completing on our new house next friday 4th Dec. (currently have Halifax mortgage and new Mortgage will also be with Halifax), do you know when our first mortgage payment will be due on the new house? We currently…
-
Endowments, take money and run?
Hi, Ive got 3 Standard life endowments, first matures sep 2010 and is £7000 short of total (£25k). paying £35 per month. Mortgage finishes 2010 also on no tie in. do i cash in endowment now and pay off mortgage? forecast is only £300 more on bonus. Other 2 endowments are smaller maturing 2013 and 2015 performing just as…
-
Calculating repayment mortgage interest
This may seem a silly question to some, but how do I calculate the monthly capital and interest components on a repayment mortgage? I'm aware of a couple of tools online where you enter the amount borrowed and interest rate - the results are similar to amounts paid. I'm also aware of the excel function =PMT. What I don't…
-
Standard life endowment Policy- sell it and how to whom ?
Hi all and thanks for reading My wife has a Standard life Endowment policy; ‘life with profits’ fund ‘that she took out in 1994 and matures in 2019. It was supposed to cover £23k of a mortgage. Alas it’s not going to do anything close to this. It has critical illness for her but not for me, she pays £42 PM. The present…
-
Been employed for a year - would I have problems with getting a mortgage
I have been working for over year at my current job after 4 months of unemployment. I found an excellent opportunity to purchase a new build shared ownership flat which the housing assoc says I have passed the criteria. The flat is 10 mins from work! Though I have heard some banks only give mortgages to those who have…
-
Mortgage over paying
Hi all, I have had a 5 fixed rate mortgage with nationwide, with the five year fixed ending next year. so will be looking at re-mortgaging. I have been advised by a number people to choose a new mortgage that allows free over payments. I was wondering by how much it is worth over paying, and by how much could this reduce…
-
Please point me in the right direction :)
We have a fixed rate mortgage with mortgage express which is due to come out of the fixed period in april next year. The original agreement said it would revert to 3% above the base rate. It was originally a 95% mortgage and we dont have any funds to move to another provider. I received a letter a while ago saying they may…
