-
Mums house repairs
I need a bit of advice. My mother is in her eighties and unfortunately in residential care due to her failing health. Her house (which she owns) has been kept on but requires extensive work to stop rising damp and to repair a leaking roof. The local council do not provide grants for this type of repair work. A couple of…
-
splitting deeds to get mortgage
I am splitting from my husband and want to get a short term loan for the building of a new house. I have received loan (mortgage) offers underwritten by the ownership of the current property but they will only offer the loan in joint names. We hold the current property as Tenants in Common. Can anyone advise how I might…
-
Tennants in common - urgent advice
Hello My situation .... Me and my friend bought our house 2 years ago. We are equal partners paying equal mortgage amounts 50:50 The initial 5% deposit was paid by the builders The 95% repayment mortgage was for 137k now currently down to 130k the house is now valued at 120k The fixed term ends dec 2010. We never setup a…
-
house deed and mortgage help
good evening, not too sure if i have posted in the correct forum, if so apologies to all. i need help on the following matter; my mother and I have a joint mortage on the house we live in and also both are names are on the deed. my mum got married and now her husband of 3 yrs is threating with divorce that he going to be…
-
Do underwriters ever increase a mortgage offer?
A bank have offered me a mortgage that is a little under what I need so they have sent my payslips,bank statements, id, etc to their underwriters to see if they will give me the extra £6000 I need to seal the deal. The bank have credit checked me which they said was very good as I have never been in debt, always payed…
-
Abbey Buy To Let
Hi, I am 6 months into my mortgage with Abbey and I wanted to move my mortgage from a residential to a buy to let as I wan't to move back home (family problems), I don't expect to move back in. I was wondering if a credit check will be done to change the product over? Will abbey be happy to oblige? Does anyone know if…
-
HSBC home buyer variable rate mortgage
Just rang HSBC to find out if my 75% LTV mortgage could be moved onto a better rate. I am on 5.49% fixed for 5 years. It finishes in June 2010. I went through a few things, and we spoke for around 5 minutes, then he said “do you know you are due to go onto out hsbc homebuyer mortgage variable in July 2010 deal!” i said…
-
Fixed 2 or 5 year?
Hi, We're a first time buyer with a 10% deposit and realise the interest rates on mortgages aren't that great for our position but feel it's time to get on the ladder. My question is......we're looking at a fixed mortgage but can't decide on whether to take out a 2 or 5 year. Is it likely that after 2 years, the interest…
-
How Long does a mortgage quote last?
Hi all, buying a house and solicitors currently working towards exchange, might take 3 months or so (May?), but not completing to June. Was wondering how long a mortgage in principal quote will last for as I'd be keen to get one done asap?!!!!! Any advice would be great!!! Thanks in advance, Crusty
-
Mortgage Payments - Make them more often?
Someone recently advised me to make weekly payments to my mortgage instead of monthly as this would mean I would pay less interest and therefore pay my mortgage off quicker. Does anyone currently do this?
-
Does a lender favour you more if you have savings with them?
I know this may sound a stupid question ...... but do lenders favour customers with savings account with them prior to a mortgage application or not? Reason for my question is that we have been moved to Northern Rock Asset Management (who no longer offer new deals to existing customers, for those that dont know) and i was…
-
First Time Buyers....Will We Get A Mortgage?
My fiance and I have been renting for over 3 years now and are currently living in our 4th rented house. We have never had any problems paying our rent etc. We are looking at trying to get a mortgage for around £130,000 and have £15000 to put down as a deposit. We are both employed. My fiance is full time but i am…
-
Where do I stand? - Probate Delay
Hi guys, can I ask you all some advice please? Disclaimer: I am a first time buyer so this may come across as somewhat naive so apologies in advance :) I'm a first time buyer who is currently waiting for the purchase to go through but it is being stalled by probate. The offer was accepted in early November on the…
-
mortgage advice
Hello all, hoping somebody can offer some advice on this 4 months ago I took up an option to buy an apartment from barratt homes on the dream start scheme, this being get a mortgage on 75% of the value and the remaining 25% will be payable to barratt after 10 years at then market value of the property. I have recently…
-
mortgage broker issues-where do I stand legally?
Hi everyone, I recently had an offer on a property accepted, I was going to use the mortgage broker in the estate agents I found the property in but the mortgage offer he originally said he could get me changed when I went back to sign for the valuation to one which required a higher deposit and this would have pushed me…
-
Standard Life Fixed Period Ending...
Hi all, My Standard Life Fixed rate (6.15%) is ending 31/3/10. i was looking forward to a fairly good reduction in monthly repayments until i found the SVR is 5.34%. Shockingly high i thought considering the Base Rate is 0.5%. Anyway, i bank with Barclays (and they now own Standard Life) so was looking at something like…
-
ftb mortgage
hi, i have good salary and good credit rating, my partner is self employed with only one years worth of accounts. i have currently only been to one mortgage broker, who offered only two mortgages to me and my partner. one fixed and one tracker. house price £150,000 so £135,000 with 10% deposit fixed - 6.99% £903.89 per…
-
First Time Buyer - Legal Fees
Hi, Me and my girlfriend are buying a property for the first time and we have had a quote from the solicitor for the legal fees. The property value is £167,500 and the quote is as follows: Legal fees for conveyance £425 + VAT Legal fees for searches £60 + VAT Completion Fee £30 + VAT Electronic ID Check £10 + VAT Other…
-
Anyone rent out their home on a nationwide mortgage?
Hi I posted this on house buying -renting but perhaps more applicable here Does anyone rent out their own home (residential) and is with Nationwide? Am thinking of renting out my small 2 bed house and moving in with my partner. At present I'm with Derbyshire who were taken over my Nationwide. I'm wondering if you're…
-
Interest Only switch
Hi (first post) We have an outstanding mortgage of £140k and credit card debts of about £14k. We meet all the payment no problem. We come of a discounted tracker deal in March. I would like advice as to whether ths following may be a viable way of clearing credit card debts. Switch to interest only mortgage, use the saving…
