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implications of acting as guarantor
Hi, I have a relative who is getting divorced and without going into the fine detail they would like to get thier partner removed from the mortgage. to do this they would need to get a new mortgage and as they are currently retraining (and not earning) would need a guarantor. They have asked me. It may be possible for me…
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85%LTV (depending on valuation)
Hi there, I have just come to the end of a 3yr fixed rate with A&L. I had my house valued this week between £162,000 and £165,000 - my outstanding balance is approx £137,000 therefore just about have 15% deposit. Unfortunately A&L are using halifax index and suggest I only have about 2% deposit ! Because of this best rate…
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Banking ombudsman - what happens?
What exactly does the ombudsman do to a bank if they have made an error? Is it really any threat to a bank for someone to make this complaint? My complaint is about ongoing errors with Northern Rock mortgage account, hence the reason I have posted in here. Thanks!
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Endowment Shortfall - Best Option to top up
My 2 endowments are just about to mature approx £5,000 short of required amount. What is my best option to make up that shortfall. ? What will my building society (A&L) offer at maturity when I am £5,000 short Should I be thinking of extending (what will that cost with them), an overdraft, 0% credit card or loan? Thanks…
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what type of mortgage do i need?
I am looking to buy my sister out of her share of an inherited property that has no mortgage. I am looking to borrow £100k against the property which is valued at £185k. What type of mortgae do i go for ie first time buyer (have never had a mortgae before), rermortgage or capital raising. Halifax have offered me a mortgage…
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Can I get a third mortgage?
Hi, I currently have one flat that I let under a residential mortgage with consent to let. I have a second flat that I currently live in that I would potentially like to let out (hopefully through another consent to let) when I upsize. Is it likely that I will be able to get a third mortgage? With regards the second flat I…
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Payment Break ?
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Student trying to get mortgage
hi, i am just finishing my first year at uni, and am trying to buy a house for the next academic year. Between me and my older sister i have a deposit of 25%, however i would be taking the mortgage out in my name. I am looking for a house worth around £250,000 with four bedrooms. I have low income and am planning on living…
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complaining about equitable charge off the deeds
Hi, wasn't sure where to put this - but I had a equitable charge placed on my property in 2006 - it was against me not paying back a loan I had with the nationwide, at the time I was protesting against them concerning my endowment mortgage. Anyway I paid this loan off a couple of months after (2006) I am now 4 years on,…
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I can't get a credit report?
I aplied to experian and another equi something company for a report and they can't seem to find anything on me. I lived in UK for 12 years, and i always worked and had loans,credit cards,mortgage etc I'm now aplying to rent a house (bigger place then the house i own,my family has grown) and i don't think i'd be able…
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Post office 2 year 3.15% FIXED ANY GOOD
I have been messed around by Abbey so much that thinking of cancelling my application with them as the sellers are threatening to put the property back on market after waiting for 5 weeks.. Have come across post office 75% LTV -3.15% fixed rate for 2 years which looks good.. Any experiences of dealing with them?? Any…
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Endowment Values
Hi folks ... I've tried searching the site and also tried google but to no joy. What I'm looking to do is try to work out a rough value that I'll get from my two endowments which are due to mature next year. Maybe I'm asking too much but I thought there might have been a calculator or similar that doesn't require me to…
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4.65% fixed for 5yrs on 30yr mortgage... ok, or too much?
I'm just looking into affordability at the moment, and am wondering what peoples opinion would be on a 30yr, 4.65% (for 5yrs) mortgage would be? I will be borrowing approx £110k, and have take home each month of approx £1600. Repayment would be approx £570, after all my bills (inc food) this would leave me with ~£600…
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Abbey require a "Disclaimer Form"?
Hi,I am in the middle of arranging a mortgage with Abbey for a friend of mine via a broker. The broker has stated that everything is now in place for an agreement in principle with the exception of a Disclaimer Form in relation to my friend's Working and/or Child Tax Credit statement.I have searched everywhere for this but…
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mortgage offer and conveyancing
Could somebody tell me if there is a difference in the value of a property and the purchase price. Basically I am getting A MORTGAGE FROM the Halifax for £100k against an inherited property of £185K value. Unfortunately my solicitor will not sign it all off As the Halifax have quoted the purchase price as £185k and he says…
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northern rock mortgage
hi all i have a property which i paid 140k for nearly 4 years ago, its currently rented out through the deposit guarantee scheme, and the tenant has been in there nearly 6 months. soon after moving in just before the cold winter we had, the tenant was having problems with condensation/damp and mould started appearing on…
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Cash in Endowment to repay cc ?
Hi - looking for some help/advice here please. Have ex CU Homemaker WP Endowment. Not assigned to mortage kept for savings purposes only. Due to mature in 2017 Target amount 29,150. I pay 35.69 pcm and have paid in 8137 to date. Received a surrender valuation of 10437 this morning. Received another letter from Aviva last…
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Abbey / Santander Annual Mortgage Statements
Anyone else still waiting? I've been ringing them on and off for three months. On Monday I was told if it wasn't here today, they would send me a free duplicate. Today they told me the last posting out day was the 23rd of April, and if it wasn't there by the end of April they would send a free duplicate. Has anyone been…
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5 yr fixed rate 4.99% good rate?
just had a letter from ybs to say our 2yr tracker deal is coming to an end, they have offered us a 2yr fixed at 3.99% or 5yr at 4.99%, toying with the idea of fixing for 5yr, there is no fee to pay so is the 5 yr deal competitive for a fee free deal.
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Bad Credit Mortgages - advice please?
I am currently in a rotten situation whereby my house is on the market due to impending divorce, I've been left with a stack of debt as ex isn't paying his way and due to a few missed payments last year when we first split up I'm now finding it impossible to get a mortgage. All of my equity in the house is gone due to the…
