-
Parents told to sue company - help
Hello I am posting this on behalf of my parents. they took out a 25 year endowment in Sept 1988. Thay have tried to claim compensation but have been told they can't and must sue the company. they are not the most financial savvy in the world and neither they nor I understand the reasons for ombudsman advice. They initially…
-
Overpayment in realtime vs bulk
Hi, We are about to come off our 2 yr fixed rate of 6.08% with Nationwide and go onto the SVR or as Nationwide call it BMR (base mortgage rate) at 2% above base, so currently I will be paying 2.5%. Basically Nationwide will be taking £200 less per month from our account. So my question is this: Do I overpay by £200 and…
-
House-Buying Quandry
My friend is in a bit of a pickle with house-buying and I wondered if anyone could advise. She signed missives last year for an off-plan flat that was supposed to be ready months ago, but the builders did not complete it when they said they would, and her mortgage in principle has now fallen through. She can't get the same…
-
Struggling with mortgage amount
Hiya, Me and my girlfriend are looking to buy our first property. Our problem is that I am self employed and have not got anything like 2 years accounts. We have a £60, 000 deposit, and have been told she is able to borrow £70, 000 on her own, and we are looking for around £80, 000. So it is very close, just not quite…
-
Non-eu residents applying for mortgages?
Hi there, My wife and I are looking to buy our first house. We intend to apply for a joint mortgage relatively soon with a deposit of either 10 or 15% LTV. We are a little concerned because she is a non-EU national. She is here on Tier-1 work visa (highly skilled migrant programme), but at the present time, does not…
-
mortgage advise?endowment?
hi i bought my house in 1999 for £53000 over 25 yrs and we had an intrest only mortgage with an endowment that we pay £80 per month into and have done for 10 years , we have just last year in july changed our mortgage from an intrest to a repayment im now paying £415 per month plus we kept the endowment on as a back up ,…
-
Buy to Let Help
I have just inherited a property from my late father which needs some work doing to it. What I would like to do is get a buy to let mortgage on property and do it up to rent. My big problem is I currently have a large amount of debt (which I would pay off with mortgage) which has resulted in me having a bad credit rating.…
-
Continuing Care Funding
Hi All, I was wondering if anyone on here has successfully challenged the Local Authority in respect of nursing home fees and succeeded in securing NHS continuing care for a relative or not? We have been having an interesting debate on one of the threads about preservation of assets via Wills but thought it easier to start…
-
buying a house, living with partner, single mortgage...
Hi there, I have a few questions for you guys and girlies. My boyfriend and I went to see a mortgage broker last week, now as my boyfriend is only in temp work, it turns out that I can get a mortgage myself for X amount, rather than joint. I am putting down all the deposit too. If I was to go ahead with the mortgage in my…
-
Securing mortgage before finding property
Am looking for a bit of advice please. I'm looking for a flat in london with a target price of between 250000 and 315000. I want to fix for 5 years for the security of knowing what my repayments are, I have been in touch with a mortgage advisor and also done my own research and the leeds BS 5 year fix at 4.99% with 75% LTV…
-
Is this mortgage deal any good or is there better out there?
Hi, just wondering if anyone can let me know if this is a good mortgage deal to go for?? It is from ING. I am looking for a mortgage where my payments are going to be approx £430-£460 per month thought this looked canny, any advice would be fab thanks. Another quick question too, if we get an offer in principal from one…
-
Stuck in Mortgage - Can't Get My Ex to Agree to Sell
Can any body offer advice, I bought a house over six years ago with my EX. At the time we were struggling financially and bought a shared ownership property but had debts and could only get a sub prime lender to loan us the money. She left after 2 years and went back to Spain and has left no forwarding address. She has a…
-
Buying new house - Advice
Hello im looking for some advice, Ive recently been sacked from my vice president job which has caused some problems for me getting a new mortgage. However i do have saving in the region of 600k, I am going to buy a new car in the range of 80 - 100k so i should have a fair deposit of around 450k to allow me to keep some…
-
help please
me and the ex had a joint mortgage with northern rock. she wants to remove her name from this mortgage,but i N R will not lend me a 100 percent due to credit rating.i now found out she took out a second secured mortgage against the property. now i am struggling with both payments. i just had a reduction in salary and will…
-
I need my mind put at rest.
My Northern Rock fixed rate deal isdue to end later on in the year. But i'm abit worried tho. I was planning to re-mortgage and see if i could get a better deal. But I've had a dispute with Vodafone lately, and they've put a default on my credit file. Now that this has happened there is probably no way of re-mortgaging now…
-
How long do Repossessions Stay on File?
Hello My home was repossessed several years ago, during a divorce. That was 15 years ago. I am far too scared to apply for any credit, mobile contract, mortgage etc until I know that the default is forgotten about. My partner carries all the debt, applies for mobile contracts etc to shield me from reactivating the mortgage…
-
Need help with bad practices from Abbey
Hi guys, I'm fairly new so forgive me any newbie errors. My partner (who is British) owns her home and it is mortgaged with Abbey. She has a deal where if she leaves before 2 years she has to pay £5,000 to get out unless she transfers the mortgage to another home. We got married (I'm American) and we wanted to buy a new…
-
The Woolwich - Payment Confirmation Letters
I received a letter from The Woolwich yesterday confirming that they had received my mortgage payment for December. I thought this was a bit odd as it's never happened before. I phoned their call centre in India and was told that it was a new policy and they would be sending out a letter confirming receipt of every routine…
-
Fixed rate ends end of July,when should I start looking?
My 5 year fixed rate ends at the end of july. I was hoping for another fixed rate, but am not sure when I should start looking for a remortgage. Is now too soon or should I leave it a while? Thanks in advance.
-
How to escape early redemption fees
I bought a house with my ex partner in Sept 2008. The relationship broke down and we need to sell the house. We were in a fixed mortgage for three years. The early redemption fee is £7000 I wondered if anyone knows any way of getting out of this large fee? Thanks
