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New Mortgages coming To Market?
Hi all, I'm a FTB - £75k deposit and combined income of £50k, looking to buy under stamp duty in the South East. I've been researching mortgages - and have decided that Brittania's Capped Tracker at 2.49% above base, 5.99% cap for 5 years suits best. This seems to be a relatively new product - and offers a good tracker…
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Poor Credit but no defaults, CCJs etc
I am currently looking to buy my first place, I have £45-50,000 available for a deposit and as its my first place and I'm a low earner I'm only looking at properties of no more than £70,000. Speaking to Barclays on the phone it sounded like there shouldn't be any problems, especially as I've got a high deposit and I'm only…
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Further advance on mortgage
We want to borrow another £30k to do some home/garden improvements. Our LTV is less than 45% so BSoc quite happy to lend us the money. Our current mortgage is tracking the base rate +.99 but the BSoc will only give us the further advance at 5.84% which seems very high? We didn't think we'd get the further advance at a…
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First Active - no longer doing mortgages
Got a REALLY got low rate tracker with First Active. Had a letter the other week telling me they were not doing any more new mortgages. Wonder if they'll try and coerce me into moving my mortgage away by knocking something off the capital. That'd be nice !!!!
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Terminology and mortgage question
About two years ago, I missed a payment on a loan which I hadn't realised until nearly the end of last year when I signed up to Experian. It was a payment for £460. As soon as I found out, I made an additional payment and brought the account up to date and have paid it on time ever since. Is this a default? Or is it a late…
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Repossession of joint mortgaged property & bankrupty
I'm currently bankrupt and tied in to a mortgage with an ex bf who's doing everything he can to make my life more difficult. The mortgage hasn't been paid for around 9/10 months and the house has been abandoned for a long time. My ex has changed the locks so I can't receive any post from the mortgage company, but I phone…
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First Direct Mortgage - Query regarding Processing
I've just received a text from First Direct to say they had received my mortgage application and expect to complete processing in approximately 4 to 5 weeks. I'm just wondering what "processing" means. I did the initial application over the telephone at which point they did credit checks and confirmed mortgage in…
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Self-employed advice required
Hi My partner is self-employed as an Advocate (scottish equivalent of barrister). He has 6 years of accounts but last year he changed the type of work he does to be more legal-aid which means a long lag time between doing the work and getting paid. Basically he didn't get paid anything for the last 5 months of 2008/2009…
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Some advice please!!
Hello, I needed some advice please on if this idea of mine is possible? :question: My father owns a freehold property and is going to retire in May. So he now wants to deal with inheritence issues such as writing my share of the property in the deeds. The property value is approximately £530k or there abouts. I currently…
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95% mortgage workaround
Hi I'm not sure what I'm asking here, maybe after some thoughts / advice. I'm looking for a £200k mortagage for my second home, 95% preferably as I will only have £10k to use as deposit from my existing house sale. I've been looking around but can't find any, so did research here etc and they do exist but for existing…
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New mortgage, but what happens to the old one?
I have a flat with a mortgage, If I wanted to sell my flat and buy a house then how is the new mortgage worked out, borrow amount, equity, deposit etc? Current Flat Est value 70K Mortgage 14K (14 years left on lifetime tracker) Equity 56K approx. If I look at houses for around 120K, how is the new mortgage, equity etc…
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Advice on getting a home mover mortgage with a default on credit file
Hi i'm new to the forum, but just wondered if somebody could help me out. We are currently looking at moving house. Both my partner and I got copies of our credit reports and I have a default on there going back to 2007. Its for £101 and marked as satisfied. To cut a long story short I used to be an avon rep. I was told…
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questions on interest only mortgages
I am on a repayment mortgage and am worried about possible future money worries. I had a pre-emptive chat with my lender, the nationwide and they said I had three options. I am in a 10yr fixed deal of 5.18% due to end in 2016 I owe just under £40,000 * Extend the terms of the mortgage * Temporarily short term reduction of…
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advice please mortgage break
our house is currently on the market and we are on a base rate tracker mortgage, we have some debt on credit cards. We have been looking at our figures and worked out that if we had a 6 month mortgage break or an interest only mortgage for the 6 months and with the money we are saving we would be able to clear our debts.…
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Santander
Just wondering if any of you would know, we have a fixed rate tracker mortgage due to finish in May. We are currently only paying the £492 a month due to the low rates of mortgage. Have been told when it goes to SVR it will go up to £654 and to fix it will be even dearer at £677. We are going to struggle to find this extra…
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Endowment Maturity Form
I have received my endowment maturity form together with a pre addressed and postage paid envelope. Should I pay the extra to send it back Special Delivery to be on the safe side?
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Advice (where to go next) wanted please:)
Hi All, I'm in need of some advice and this is the first place I thought that may be able to help me :) A property is for sale near to my dad, and he is interested in purchasing it. It is marketed at offers around £120k. It requires modernisation etc as an old lady lived there previously. I would estimate that once…
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Endowment reclaim
Hi, I would appreciate any advice on this one.... I have had an endowment policy for 20+ years with only a few years left to run. The estimated surrender value has been coming in less than what was forecast. Due to domestic circumstances I no longer have the mortgage it was supposed to pay off, but was considering cashing…
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Single person mortgage, Joint ownership legal agreement
Hi, I am buying a house with my partner. He is taking out a mortgage in his name as I have an adverse credit history. We want a legal agreement in place between us as I will be paying half the deposit and half the mortgage repayments. How can I go about this and what do I need to ask for?
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Remortgaging over 2 different terms
Hi Our current mortgage term expires in 5 years, but we would like to borrow another £30,000 as a remortgage for an extension to our current home. Is it possible to have 2 different mortgages on the same property i.e. £65,000 over 5 years (current mortgage), and another £30,000 over 10 years? Thanks
