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Mortgages & endowments

Archives for December 2009

When to remortgage?
"It's better to pay off your loan/ mortgage than hold back savings for the interest gained." This seems to be the general rule but I think my situation's more complicated: I've just come into an inheritance which along with my own savings should be able to cut my mortgage in half if I throw everything at it. At the moment…
Mortgages and Bankruptcy???
Hi all I just wanted to query where I would stand if I filed for bankruptcy but wanted to get a mortgage in the future? The reason I ask is due to me having outstanding debt but me and my partner are looking at buying our first property but I fear my debts are going to hinder us quite bad.
Northern Rock buy to let help please? Bad treatment I feel.
Hi All I don't know if i'll get a link to professional assistance here but, I have three accounts with Northern Rock, 1 x loan, 1 x residential mortgage and the problem one, a buy to let mortgage. My mortgage ended it's fixed period of three years in March this year, and in Sept 07 I ported it across to a new prestige…
Remortgage
Hi Our mortgage is due for renewal in March but my partner has in the last year suffered from bad credit due to a failed business. He is now considering bankrupty. Would it be better to do this before or after the mortgage renewal? I am also considering an interest only mortage for a couple of years until our financial…
Getting Ex off mortgage
Hi there Me and my wife have seperated and we have a shared ownership apartment of which we own 35%. I have had the property valued and we are in negative equity to the tune of £700?! I can afford to stay here and we are amicable etc. What is the quickest and cheapest way to get her off the mortgage deeds etc. Our fixed…
Endowment =please help!
Can anyone tell me how to get a court to order the removal of a name from a joint endowment? I have tried the FSA, they’ve been helpful but they say they cannot assist. I have an endowment that has joint names, myself and an ex-partner (ex girlfriend split in 2001). At the time of the split, solicitors drew up papers…
First Time Buyer Advice Needed
Hi everyone, Firstly im new to this site and I have to say the information is so useful and has given me many ideas. anyway... im hopefully looking to get a mortgage in 2010 and I have read some information on this site but basically want to know how I could qualify to get one. The mortgage guide has given me a clearer…
Redemptions fees question. Any way to get reduced?
Is there anyway that a redemption fee can be reduced. We have sold our house at a loss and have a 18 grand redemption to get out of the mortgage. We cannot afford to move the mortgage as there is nothinbg out there so are having to rent. Any advice would be gratefully recieved as even after selling we will have a small…
Earnings of 31000 per annum, lone parent that wants to be ahome owner.
I am wondering how much I could potentially get on my earnings. I have reasonable ammount of outgoings ;approx £1180 thats all bills & food. I am wondering if my credit score is high enough to get a mortgage and would i have to coinsider the sub prime market? I am looking for help from a whole market mortgage broker that…
Uncashed Demutualised cheque
I've just found a check issued by Abbey Grouop in 2002 when Scottish Provident was Demutualised. It would have been from when I had an endowment with them, any know if I will still be able to get hold of the money, as Scot Prov is now part of Royal London.
Mortgage Query - FTB
Hello, I am new to this forum so please forgive me if I am posting int he wrong area. I was wondering if anyone would be able to offer me any advice. My Boyfriend and I are hoping to apply for a mortgage in the next few months, we are first time buyers. He has a fantastic credit rating but unfortunatley mine is not so…
Remortage advise ?
my current mortgage deal expires somtime in march it is currently with the alliance and leicester. we are looking for a fixed deal of about five years for peace of mind. is it easier to stay with them as there are no checking wages and valuations etc. as my earnings have dropped by 5k a year?.any idears?.
inherit, remortgage, inheritance, tax,
I have a house with 100,000 mortgage and i have inherited a property which is worth the same value (this is free from inheritance tax). The question i would like to ask is , can i sell the inherited house and pay off the mortgage for my existing house without incurring any taxes, interest, etc. Thanks
Panicking about variable rate mortgage
Hi there, I am hoping for a bit of advice. I have recently bought my first property and I was advised to get a variable rate mortgage for 2 years by my mortgage adviser (in October). After reading some of the posts on this site I am now panicking that it was a bad mistake and I should have went for a fixed rate and I am…
Joint Offset Mortgage - both names?
I am living with my partner in a property solely in his name. Rounding up the numbers ... he bought it for 75K, put down a deposit of 25K and got a 50K mortgage. The mortgage has finished its fixed rate and is now on standard variable rate. My parents were going to help me with 25K for a house deposit but I was thinking it…
Mortgage on house/shop - help!
We are looking to downsize & to combine work & business in a cheaper property. We currently own a house & rent a shop, paying £8k pa in rent. We are looking to buy a cheaper property which includes a shop which was rented out until recently. Is there any way of adding in the rental value of the shop into our mortgage…
port mortgage offer?
hi we have a mortgage offer from abbey,however the survey highlighted many issues we hadnt expected to budget for and we are thinking of backing out of the sale. one option is to look for another house, if we did can we assume that we have passed underwriting stage and its simply a matter of changing the address we want…
Any ideas? Following a bereavement...
Hi everyone I'm going to read more on this particular forum later but for the time being i'm going to post up my challenge and see if anyone can help. The situation is that my father died suddenly and unexpectedly 3 months ago. He had a mortgage of £40,000 but also a loan secured against the house of £80,000 (these are…
mortgage account fee
hi im just about to leave Abbey mortgages and i have to pay £225.00 fee which they call an account fee for the paperwork is this something that i can claim for unlawfull charges? in old posts they rec that the paperwork fee should be about £50.00 thanks
Can you borrow over 4 times in current climate?
Hi, We need to repay a family loan as soon as possible due to a change in circumstances otherwise we risk having to put our home for sale which we have worked our socks to renovate over 2 yrs. I think it would break my partner's heart. So I'm hoping someone can offer some advice. Our personal circumsance is a family of 4…

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Mortgages & endowments

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