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Default on file can i still get mortgage??
Hi brand new on this site and i was really hoping someone might be able to help PLEASE...? Me and my partner applied for a mortgage back in 2008 and got accepted with a mortgage offer for the amount required, which was great but due to the housing mkt at the time we didnt proceed. After a year of renting we applied for a…
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Best mortgage with potential for overpaying? (Virgin One vs regular Flexi?!)
Hi guys, Probably best to give a brief bit of info to get an idea of what kind of mortgage I can get/am after. I've just bought a house with around 70% deposit and need a £65k mortgage to cover the rest. My main requirement is the facility to overpay without any fees (fingers crossed things will go plan, and I will…
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Parent offer to lend money to pay off mortgage
Hi there. Just wanted advice on the legalities of this. My mum has retired and got her lump sum. She's offered to lend us the money to pay off our mortgage. Basically shed give us the cash then we'd pay her back a set amount per month. Obviously this would be great as we've £90,000 left to pay over 24 years - we'd save…
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Stamp duty help!!!
Hi I'm a first time buyer of a £140,000 property. I exchanged contracts before the stamp duty threshhold was lowered (2009) but im not due to complete intill april 2010, therefore i have been told i will have to pay the stamp duty. Is this correct and can anyone help me with my question. I know you are already thinking why…
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Help required as can't work out best deal...
Hi I'm hoping someone could offer me some advice please. I have a tracker (+1.24% on BofE) mortgage with Halifax which is coming to an end next month. I have adverse credit and will be staying with Halifax so called them for details of my options... They have listed various deals I could go on to but some have fees…
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advice for joint mortgages after separation
HI ALL I have a joint fixed rate mortgage (northern rock) with my now ex partner . I no longer live the the address to which the mortgage relates, my ex partner continues to pay the mortgage. I wish to desolve my responsibilities to the mortgage and remove all my liabilities. can any one give me any options that are…
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Remortgage - stay with Halifax or move?
I have a £41000 mortage on a house worth approx £170,000. I want to borrow £20,000. Reason - to pay off credit cards and do house improvement. My current standard variable rate with Halifax is 3.5% - so if I took the extra money with them it would cost me approximately £138 (as I have 18 years left on mortgage). If I…
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Inherited half a house / buyout
Hi I have recently inherited half a house along with my uncle. Now the house is approx 200k and would like to buy out my uncle ( who has agreed) of his 50%. The house is Mortgage free. My question is what type of mortgage is it? would it be classed as a Remortgae or a new purchase since i would be using my 50% as Equity…
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Mortgage for Spanish property, opinions please
Hello, We want to buy a property in Spain and after speaking with Abbey/ Santander (where we have our mortgage on our UK home) they said that we can apply for their Spanish mortgage deal for 80% of the amount. We are planning on letting the property as a holiday let for most of the time, but as we don't have any savings we…
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Want to remortgage on a Non Standard Build
I currently own a property that is a non Standrd Build. It is a terraced house that is a Jesperson Concrete Build. As such I ended up having to go with London Scottish on a rather rubbish Deal. I have got a massive tie in for the first 3 years or my mortgage, but this is soon coming to an end. I would like to go with…
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Remortgage - Certified Documents
Hey, We are remortaging and have taken a mortgage with the same bank that hold our current/savings and Isa accounts. I'm a bit baffled why they need certified documents, when they hold all our identity documents anyway. Anyway, to get them certified, can a relative do it? Other issue is all utility bills are online, so I…
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Help
My and my partner have been offered the chance to buy a council house as they are selling it on. The house is in a very good part of swansea and they want 60 grand for it. The house would need approx 40 grand to extend it and renovate it but would be worth about 130 too 140 after the work what is the best way to go about…
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Help needed! Changing mortgage deal
Hello, I'm a newbie and wanted some advice please! My husband and I took out a repayment mortgage 2 years ago and have never missed a payment. However, last May I entered into an IVA. Our mortgage deal ends soon and we really want to stay with our current lender and move onto another fixed rate mortgage, but I'm concerned…
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First Time Buyer
A quick run down, I'm a teacher earning £36,000 a year (due to be increased to just over £40,000 in September). I'm currently looking to buy a house in the region of £200,000 (if possible), currently living with my parents. I've been to a mortgage advisor but I'm looking for second/third/fourth etc opinions from the…
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Remortgage or SVR?
Hi guys, I'll try to keep it brief! coming to the end of a 2 year fixed rate wih RBS & not sure what to do for the best, feels like the last 2 re-mortgages/moves have been wrong way and we've fixed when the rate the dropped & wa variable when it went up!! So House price -£221000. Mortgage - £213900. 25 years left on…
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Mortgage valuation - can they base it on future improvements??
Need to get a house valued next week for our lender (Abbey/Santander). We will be bidding on the house at auction, and given that we are looking at 85% LTV, they will need the valuation to cover not only the lending but also our deposit (to cover their costs if repossessed and sold on at a value lower than the lending +…
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Mortgages and CCJ's
Hi everyone !! Does anybody out there know of any lenders who will give a mortgage to someone who has a CCJ against their name ?? I started my mortgage with the Alliance and Leicester before my CCJ's welcomed me, and now with me wanting to move house, the A & L say that they will not carry my mortgage over to the new house…
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Negative Equity.. time to say goodbye?
I am after a bit of advice. My partner has a Northern Rock mortgage on a property. He is currently on the SVR of 4.79% (i think that right) interest only and owes £89k. He had the property valued about a year ago and it came out at about £83k :( He has been renting the property out, but he is finding it too much a hassle…
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Is my mortgage company calculating my interest correctly?
In June my interest rate changed. My mortgage company have calculated the interest differently for that month compared with other months. Is this normal practise as it means I pay an almost an extra £10 than if it was calculated using the normal method. The rate took effect on the 1st of the month thus meaning the whole…
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A&L Mortgage Calculator and Amounts have changed
Has anyone else noticed that the mortgage borrowing amounts from A&L have dropped dramatically over the last week or so? With our joint incomes, the A&L calculator has always indicated it would lend us roughly 238k. But now the maximum is showing as 208k. The calculator used to take into account things like credit card…
