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Can HSBC force us to change to a BTL from a residential mortgage
Hi Really need some advice on this one we have a mortgage with HSBC on a very low rate tracker mortgage (we were very lucky!!). we have had to relocate as my husband got a new job to Cornwall. As we did not want to sell our property straight away til we knew we would settle here, we got permission to let for 1 year from…
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Turned down, advice required please
Hi, I hope someone can advise here. I am looking to get a joint first time mortgage for a property costing £280,000 with a deposit of £60,000 I have two defaults from, one from 2005 and another from 2006. Together they come in at just over £500, all were paid off in full and settled. The rest of my credit history is great,…
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fixed rate ending not sure what to do!!!!
hello, i'm maybe thinking of this a little early but my 2 year fixed rate with hsbc is coming to an end in june, i've had a mortgage for 4 years now first one was with abbey for same rate, 5.09%, for the last year i've been paying in sometimes £50 sometimes £100 extra per month making payments £714/£764, hsbc lets me pay…
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First time buyer advise
Hi there, I'm completely new to the idea of mortgages so thought this might be a good place to start, I currently rent with my girlfriend a one bedroom flat and have baby on the way in March so we have been thinking about renting a bigger place. Well now a friend of the family has his house (which is steel construction) up…
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Standard Life Maturity Investment Option
A with-profits endowment policy I have had with Standard Life matures 6 February 2010. SL have offered me a Maturity Investment Option which I have to decide on by tomorrow. On the face of it, this seems attractive e.g. income earned is free from personal income and capital gains tax providing I pay a £5 annual premium.…
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Confused FTB - Multiple Mortgage Application Help
Hi everyone, Need your assistance. We are FTB with a 10% deposit. We are in the process of applying through a mortgage broker for the Abbey tracker for 2 years at 4.49 above BOE base rate. Abbey has already done a credit check and approved our application. However, recently we have seen a better deal at Natwest - same 2…
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Any chance of a new mortgage deal?
Hi All, I had a 2 year, fixed rate mortgage with Abbey for £135,000 which I took out in April 2007 in joint names with my partner. In Janauary 2008 we split up. I had to borrow a further £20,000 to pay her off. At this time my house was valued at £175,000. Luckily I've got a relatively well paid job and so transferred…
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forgotten endowment.
In the late 80s during the last big recession, I handed in the keys to my house. My mortgage was with the Halifax and although I had some money in my endowment which I was entitled to, I needed clearance from the Halifax for me to access the funds, which they obviously were not prepared to give. As there were so many…
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Estate Agents Not giving us the HIP
Bloody Estate Agents!!!!!!! We have in place a solicitors and mortgage, but the estate agents insist on us having a credit check with them. Surely its no right of an estate agents? I get the feeling they are trying to sell us products? Should i contact the vendor asking for her to provide the HIP that she paid for?? Thanks
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Self employed income formortgage calculators
We've just had a very odd conversation with the Woolwich. My husband is self employed and has been for some 20 years. We are looking at buying a new house. House is 430k we can put in 280k ish and are looking to borrow between 125 and 150k. Rang Woolwich - our existing mortgage supplier - who told my husband that they…
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Query on mortgage payments
I hope someone can advise us. We completed our remortgage away from Northern Rock on 28th Jan but on the 1st Feb they took a payment as they normally would. Our new lender has yet to set up a DD to start their payments. I cant get through to NR customer service at present but does anyone know if they automatically refund…
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What multiples are mortgage lenders giving at the moment?
I am currently working part time due to having a young baby and so our wages have reduced and i'm not sure what sort of multiples lenders are lending people at the moment. I did an online quote with HSBC and it seems they would lend 3.5x our joint income. Our income is 42,000 joint (that doesn't include child benefit or…
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2 Mortgages - how do I calculate my options?
I currently have the following two mortgages: 1. C&G - 'Let to buy' (capital repayment for the property that I used to live in but now rent out) Property Value: £179,000 Loan left: £153,000 Term: 11yrs, 11months Rate: SVR, currently 2.5% 2. Abbey - Capital Repayment (on the house I live in now) Property Value: £385,000…
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Mortgage Renewal - is this a good offer?
Please can someone advise me if this is a good offer in the current climate? I'm currently with YBS. My current fixed deal is about to come to an end. This is the new deal they've offered: Fee free, 2 year fixed rate of 4.29% fixed until 28/2/2012. This product is offered on an estimated LTV of 61% Thanks in advance for…
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Will be get a mortgage deal ???
Hi Everyone. We have vastly improved our credit file . Two small defaults for barclays ( bank charges ) to fall off July this year . 2 small [EMAIL="ccj@s"]ccj's[/EMAIL] under £200 both satisfied 2007. On a debt arrangement scheme ( DAS ) in scotland. Have been on for two years and two years left to run. Mortgage 121000…
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50% LTV mortgage with defaults?
Hi Everyone, Hope someone could offer me some advice. My wife and i would really love to buy a house (first time buyers), only problem is that she has 2 defaults on her file from HSBC due to outstanding debts on her graduate loan and overdraft. The defaults have been settled in full but obviously still show as defaults. My…
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Mortgage Debate ;opinions pls
Hi folks , Having a wee debate here between my partner and i ,looking for some extra opinions ,so heres the dilemma : We are looking to move as we are graduating from uni this year (wooohhooo).Our debate is over whether to sell our property(and boogie on outta here ) or to rent the place out (whilst still booging on otta…
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Change dates for mortgage company to take payments
Good Afternoon My husband's work are changing his terms and conditions from April this year. One of the big changes is that they will be moving his pay date from 15th to the end of the month. All of our bills are set to come out middle of the month as I am also paid like this but I want to ask if we can change our mortgage…
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Help with mortgage
I have been on income support for several years now, as a single parent bringing up my two sons. I am soon to change over to jobseekers allowance and am keen to get back to work as soon as possible. I have been studying with the open university for a qualification in supporting learning in primary schools, which ends in…
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Mortgage Interest Rate Increases
Financial institutions which have been bailed out with public funding should not be allowed to increase mortgage interest rates once the base rate rises. Hiking interest rates beyond affordability levels would substantially increase the number of defaults and therefore the number of people made homeless by repossessions.…
