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Mortgage Misselling
About 2 years ago I obtained a mortgage through a broker with Future Mortgages. At the time I completed the documentation with the broker I applied for a repayment mortgage. I got the offer through on a discounted rate for two years I signed the paperwork and sent it back the remortgage was then sorted. I am now in divorce…
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All Grown up Now
Okay guys - sure most of you read my previous posts so you know the score.......well I have spent the last week clearing all the debts I have (for actually about 50% of the value) of what I actually owed and now I am debt free apart from my Dad who leant me 8 grand to clear everything. So I pay him £200 per month. Anyway,…
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Decision in Principle?
I'm looking into buying a house and have got to the stage where I've seen the house I want, offered, been excepted and... ...have a Decision in Principle from the Halifax on the mortgage. Repayment over 30 years with a 35% deposit :j My broker tells me that's as good as an acceptance and I'm now proceeding to move towards…
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Use credit cards to pay off mortgage payments?
Hi all, I'm hoping someone can help advise me about this. I am a full time student, (get the maintenance loans etc which equal about £500 a month although this is paid every quater) and I also work part time two days a week which brings in another £520 - the money I get from my job pays the bulk of our mortgage (due to the…
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Woolwich Further advance question
Hi all, I currently have a tracker mortgage @ .49% above BBBR :j. Current balance is 64k I wish to borrow another 38k for various reasons and spoke to Woolwich last night who agreed in principle to lend the extra on a fixed 3 year deal @ 3.99% which i am happy with. Question i have is about the valuation:- Will they send…
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Mortgage & Equity
Hi, would i be able to do this The property i currently own is worth 170k....i owe the bank a mortgage of £28,000 i am looking to buy another property for 185k i have a deposit of £37,000 with which is 20% LTV What i would like to do is re-mortgage ? release equity? from house i currently own of roughly another £37,000 and…
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Remortgage when current deal ends
Hi i have a mortage deal which is due to end in october. the rate wasnt great, but as we dont have a great credit history (its not bad, just classed as fair and good for us both) we accepted the rate as the best we would get. We have moved house due to reloaction and are currently renting until we can sell the house. my…
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Taking a name off a mortgage
Hi Just looking for some advice. My partner and his wife split up last year and it has been very messy since. They have 2 kids together, he has kept his name on the mortgage because at first she couldnt get a mortgage in just her name. Now that she can afford it she wants his name off without letting him have any of the…
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What happens after the first year
Hi all, I have a mortgage with Natwest, I'm on a 5 year fixed rate so it's not up for renewal or anything but I'm just wondering if I will receive some sort of statement of account or anything at the end of the first year saying how much I've paid and how much I still owe etc. I'd like to work out how much I have paid in…
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Mortgage on benefits
I own my house outright, it was given to me before I was married, Oh why did I get married lol!!! I'm on benefits and manage well, so could stretch to paying a mortgage. Anyway, now my soon to be ex husband may be entitled to 30% of the value, my youngest child is only 4 so I know he can't make me do anything until she…
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First-Time Buyers, one person self-employed, help!
Hi, My partner and myself are looking to take out our first mortgage. She earns a fairly good wage, however i am self-employed. I have only been registered since January this year. Previously I have been working various full-time and part-time jobs around my freelance work for the past 3-4 years. I am a little concerned as…
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Endowment Mortgage
We have an endowment mortgage that is due to mature this November - I have tried to make a claim as the forecast is about two thirds of the amount needed to pay it off. We were definitely told that the mortgage would mature with probably double the amount and we would have a large lump sum to retire on. I have written so…
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Up the creek!!
Hi, I am coming to the end of a 3 year fixed rate on my first home. At the time i took out the mortgage the market was in a good shape and i managed to get 110% LTV. My question is, i understand that i will automatically drop onto the SVR in August which in the short term will actually be a benefit but it will probably…
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Who owns the house?
Hi all, Bit of a complicated one this. My Dad bought (lump sum cash) my Gdads house for them back in 1995 (was a council house at the time). On the title deeds it shows my Dad as the lender and & my Gparents as the borrowers. (They never paid any rent or anything to my Dad) My GParents have now passed and family are trying…
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Mortgage advice
Hi, I am about to sell up and move to a smaller place. As a result I will probably only need about 20% mortgage. What sort of deals should I be looking for with this kind of equity/loan ratio? Also if I dont buy straightaway, wheres the best place to put my wedge so I can access it easily for when the time is right? Any…
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Do I remortgage for a better deal?
I have a £80,000 mortgage with payments of £540 a month and am wondering wether i should remortgage to a fixed deal with lower monthly payments, as I have my house on the market or should I wait to get a new mortgage when my house sells, whenever that may be! I am not tied in to my current mortgage. I know you can get…
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HSBC want proof I'll be employed in 25 years time!
Have just applied for a mortgage with HSBC. I am 41 year old first-time buyer with a 30% deposit and the mortgage term is 25 years. As part of the application process I was asked at what age I expected to retire and I said 67, which is true. HSBC want my current employer to produce a note on letterhead stating that I could…
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First time buyer council right to buy
My wife and I are considering buying our council house via the right to buy scheme. We've lived in the house for 10 years and so are entitled to the maximum discount (in our case around £34.5k). At the moment it's all a little vague as to whether we actually want to purchase the property and we've never had a mortgage…
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How do you know a newbuild worth your offer price??
Hi all, A very depressed FTB here. We found a flat at a perfect location for our commuting and have made the offer that we *can* pay. However now we found out from a website formed by a bunch of previous purchasers of the flats in the same block. They were arguing that they were mis-sold the flat because of the sales…
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Can I have 2 Mortgages Help
Hi, I purchased a house nearly 2 years ago with the intention of moving in to it. I obtained a second mortgage for this as I was selling my own house at the time. Unfortunately I was unable to sell my own house and am now paying a mortgage on 2 houses. I am fine with this and plan to keep both but both mortgages are coming…
