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remortgage with negative equity
Hi, I'm probably asking for the impossible here but I need sound advice for my Daughter and her boyfriend have just come to the end of their interest only fixed term mortgage and are now for the short term on the interest only standard variable rate with Cheltenham&Gloucester with whom they had their aforementioned…
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MSE News: Home repossessions at 14-year high
This is the discussion thread for the following MSE News Story: "Around 46,000 people had their property taken by their mortgage lender last year, the highest total since 1995 ..." Read the full story: Home repossessions at 14-year high
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Worried about getting a new mortgage deal when fixed tern ends..
Hi, I am currently in a fixed rate deal with my mortgage which ends in the summer, I have been beginning shopping around for deals and am finding alot of the main lenders less than enthusiastic about taking me on!! I have an excellent credit rating and have never been in arrears but I will only need a mortgage deal for…
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Interest only can someone please explain..
Bit of a dumb question :o i am sure, but if you get an interest only mortgage how does it work exactly, using £100k over 20 years at 5% for example. How is it calculated? what do you pay and what happens if you change to repayment, does just the capital move? Or if you sold the house, is it just the capital gets paid off,…
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Getting a mortgage with ccj's
Hi I was just wondering if there was anyone out there who has applied for a mortgage when having ccj's against them. I was wondering how hard you found getting a mortgage deal. I am currently just beginning the process of heading in the direction of getting ccj's against me and my husband, we have been advised to stop…
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In arrears over a house we don't want ....help!
Hello all, I’ll try and keep this as brief as possible but I really need some advice before I go off my head! My husband & I separated in Sept 2007. I left our home leaving my name on the mortgage and he continued living there meeting mortgage payments up until Oct 2009, when he decided to move into rented accommodation to…
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Which lenders for a 4x salary multiple?
Hi, I've just spoken to First Direct, and it looks like their default maximum salarly multiple is 3.5x. Apparently they may lend you more, but their checks are more stringent (I think they'd look favourably on my application, but I'd prefer to apply somewhere that's a likely to approve me). I was wondering if you know of…
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stuck on 2 mortgages/stalemate what to do?
I am going through a divorce, there are 2 properties involved one is the family home and one an investment flat. My ex is staying in the flat and it will become his sole property I will stay in the family home and it will become mine, it's all agreed in the divorce settlement, only problem is I have now been turned down…
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Mortagage application checks
My friend told me that her mortgage advisor has told him that as well as contacting his employer to verify salary details they also contact the tax office and national insurance. Is this a new thing or have they always done this? I don't think they did when I applied for my mortgage but didn't want to argue as I wasn't…
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Re mortgage
Was sold endowment/mortgage appox 14yrs this now has a serious shortfall so was advised to save in seperate high interest account, unfortuneatly this is proving impossible as the amount is to high. Have decided to re mortgage with c&g normal capital repayment (but were told this tracks the basic B of E base rate + 2%) hope…
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Mortgaging at market value not at price paid.
Hi, A friend is looking to sell his house quickly to clear his debts. He currently rents it to another friend. Houses in the street have sold in the last year approx 25% more than he wants for it. I was wondering, is it possible and legal to raise a mortgage against the property at the potential higher value but only…
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Countrywide Mortgages charges
Hiya, We were roped into seeing countrywide mortgages by an estate agency. They told us they did not charge for there service and made all there money through commission. He seemed a nice enough guy so we decided to use them. We got an offer accepted on a house, and put our mortgage application through with them, and then…
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What do I do? I think I am totally screwed...
This is a long story, but I will be as concise as I can be... In Feb 2008, I applied for a remortgage for my flat through my mortgage adviser, which was due to start in May 2008. This was a residential mortgage when I made the application, but I bought a new house and moved in April 2008. My mortgage adviser set me up a…
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GE MONEY anyone have any dealings with them atm?
Hi I was wondering if anyone has any info on GE MONEY at the minute? A while ago i read on here that they were no longer doing mortgages/remortgages, and ours is currently with them but fixed rate ending within a month. Someone mentioned that they may consider a lowered settlement figure to get mortgage customers to leave…
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End of A&L fixed rate mortgage-base rate tracker
Our A&L 5 yr fixed rate mortgage is due to end in May. It looks like it will then move onto a base rate tracker ( BofE + 0.75%). Would it be wise to overpay the difference for a few months then book a new 5 yr fixed rate ( as we like the security of this )? Or will these deals get more expensive by then, wiping out any…
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Apply for mortgage before or after moving to a bad area?
Hello, Nice to meet you all, this is my first post, please be gentle :) Three days from now, I'm moving into temporary (rented) accommodation in an area with a postcode that won't score well with credit agencies. As luck would have it, I've just seen a house that I want to buy (in a good area), and I need to arrange a…
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endowments maturing before end of mortgage term?
I have realised that my 2 endowments are maturing (2014) 2 years before the mortgage term ends(2016). I don'y know why this is the case as I thought when taking them out that the dates would coincide. What would be the advice be to deal with this? Is it an advantage to me or not? Happy for any advice.
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Not the best credit and need a mortgage....help!
Hi, We are first time buyers and are looking to buy our first property which we have seen and made an offer on, the trouble is, on getting my credit report I have 2 CCJ's from 2008 that, in all fairness, I ignored at the time. Obviously this is now preventing us from getting a High St. mortgage despite the fact that we…
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Parrt exchanged house with barratt homes
Hello, I have just bought a Barratt home and they have taken my home in part exchange. The only thing is that even though we have exchanged on the old house and the new house the solicitor involved keeps sending us letters asking about further information about our old house as barratt have found a buyer and they are…
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Transfer of equity, negative equity, 'buying out' ex - considering options
Hi, I have posted on this before but it was a while back and the market has moved on etc. I live in the house which was originally purchased with my now ex. She has gone and I am looking after the place alone. The ownership and mortgage situation is the same. She put in 10k deposit (I didn't). The house is worth circa…
