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mortgage advice-is this correct?
Parents are looking into taking out a mortgage to raise funds to pay off mother's debts. Advisor is trying to steer them towards equity release; a roll-up mortgage, which obviously would be a last resort. After pressing him, he has found a possible interest only deal with Halifax. Whole thing sounds very attractive, but…
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Mortgage for company owner with only 1 years of account
Hi, I'm trying to get a mortgage, I have a substantial deposit and earn a decent wage. However, I started a limited company (which employs me) in July 2008 and only have 1 year of accounts. I phoned L&C, the mortgage brokers, who were very helpful but said nobody will give me a mortgage without 2 years of accounts. Does…
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HELP Needed, Blemain Finance
I have been having problems with Blemain for over 8 months, i found a forged signature on a document saying i had a second income, they didn't give me the APR promised, and didn't tell me the charges till after the loan was inplace!! I have complained to the on numourous occations, and they wrote back saying the had a…
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Some help with a remortgage
Hello, I booked a fixed rate for a remortgage, valid for 6 months, in June for 3 years with another lender and have until 15 December to "use that rate". I paid £99 to book it. At the time I booked the rate I was told by the lender providing we get your application in by 15 December then the rate will be applicable…
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first time buyer
im 24 a new teacher earnig 230000. im wanting a mortgage of about 80000 and have a 10% deposit..... what is the best mortgage?
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BTL "6 month ownership rule"
So here is a tough one to get your teeth into: A friend has the following situation, and asked me for some advice, naturally I have come here! Property bought for cash (a wreck). It will be brand spanking new within 3 months of initial purchase. At which point, a BTL mortgage is required. Preferably 75% LTV. What lenders…
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is remortgage the best option?
Hi I am new to the forum but have been lurking for some time and have had a flicker of a LBM at last. I have stopped the overspend by my family,however I have a number of questions, firstly I must say that whilst I/we have debt we are managing to service them with above minimum payments and enjoy life. We have taken steps…
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Fixed rate ending soon, no contact from RBS
Hello there, our fixed rate is ending after our december payment, so not far away! but I'm wondering when RBS should be contacting me? i spoke to an advisor on the phone in october who stated they would be writing to be shortly, however they seem to be leaving it late? i wont be able to go to another lender, as i'm more…
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Mortgage query
I have a joint mortgage with an ex and I have a buyer for my flat only I have no contact with him and haven't for years. I tried a number I did have and I got no response so I'm unsure how this will affect me being able to sell the flat. He has never contibuted towards a mortgage payment and I will also be in negative…
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Advice needed please
Hi, any help and advice on the following would be greatly appreciated. My house is valued at 240,000 and i have 16 years left on my mortgage which is 55000. There are a couple of problems though, i have a secured loan of 32000, my other half is no longer working and my income is about 16500. I want to know if i could get a…
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FTB: mortgages, banks and independant advisors
Hi all, We've been looking around for a place to buy for about three months now and we've just finally found a place. We've been looking around at mortages, both directly with banks/building societies and with independant advisors. We've found one with Nationwide on a 2yr tracker 90% with a better interest rate than the…
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Letter from Abbey
I'm currently on their standard variable rate at 4.24%. They sent me a letter saying that I can get a 2 year fixed at 3.99% and then pay the Standard Varial Rate. This seems like a good deal to me? Am I missing something?
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negative equity
hi, I have a possible £5000 shortfall if i sell at £115000 (I owe120000), I want to move and the house I want to buy is £115000, I will not have a 10% deposit for the new house. Is there anything out there that can be done or am i best staying out? can anyone advise?:mad:
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60% deposit but no job - My options? Can I get a mortgage?
Hi, I wonder if anyone can help me with my situation. I have a deposit of more then 60% of a property value I'm looking for. I'm a first time buyer with good credit rating. However my job contract finished 5 months ago and I have been looking for a job since. I anticipate I will be in employment by end Jan/Feb but could be…
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Splitting up-mortgage help
My partner has left me and myself and the children have remained in the jointly owned house. My partner is prepared to pay half the mortgage if we can change to interest only. I don't currently work so am hoping I will get mortgage support for my share when I claim income support. The Woolwich have sent us a form to apply…
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Mortgage
Hi, I hope someone can help. I am a stay at home mum, married and we are looking to move further out so that we get more for our money in terms of property. We're looking at property roughly the same value as our current property which we bought 2 years ago as a joint mortgage (I was working then), so my question is that…
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MSE News: Short-term mortgage fixes at five-month low
This is the discussion thread for the following MSE News Story: "The average cost of a two-year fixed-rate mortgage has fallen below 5% for the first time since June ..." Read the full story: Short-term mortgage fixes at five-month low
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Please help, can a 71yr old get a mortgage?
This is a long and very complex story so I will cut to the bit where I need advice, as I am desperately hoping I may have come up with a solution. My mum who is nearly 72, disabled and frail is in a financial mess and we can’t find an easy way out. I already give her as much as I can afford to and my brothers have nothing…
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can i switch to intrest only struggling
Hi all We currently have a morg with woolwich for 140.000 the house was brought for 215.00, so far we have made 6 months repayments but my hhubby is self employed and to be honest were struggling. We have realised that we have bitten of more than we can chew and plan to sell in 2 years after the tie in period , could i…
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Solicitor Fees - Conveyancing
Me and OH are FTB. Buying a property for £98k, we have had a few quotes for conveyancing: £1308 (from the vendors solicitor) £770 (from the one my dad used) £630 (from a company someone at work noticed were doing a fixed fee) Im inclinded to go with Dads as comes with recommendation, but i don't really know what price we…
