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Advise needed!
Hi new to this but wondered if anyone has any advise! Have a joint mortgage with my partner which is coming to an end of a 5 year fixed rate.Going to the bank on monday as they think they can get us a better deal but the problem is my o/h has a terrible credit and is now paying £1 a month on most debts but have never…
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Abbey Mortgage Process
Wondered if anyone could tell me if its true that Abbey operate a "closed office" Our mortgage adviser tells us that he is unable to contact them by phone to chase up our application. All he is able to do is send emails and faxes. I have read several threads mentioning how slow Abbey are with their mortgage process, but…
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Mortgage brokers or knowledgable people........
I think the answer to the following is no but I don't want to leave any stone unturned............ House we would like to buy has just been repossessed. It is on the market for £480k (the full valuation from 2 years ago, meanwhile, it has been gutted inside, no heating, sinks, baths ect). We have £200k mortgage on a £400K…
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On great variable deal, do i fix?
Hi, I currently have a great variable deal (well deal has ended and so i am on BoE rate at 2.45%). The question is do i fix now given the uncertainty over the new Government? I was thinking of going for a 5 year fix in case rates suddenly start to go up and then all the best deals go. It worries with with a Tory Government…
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Rubbish mortgage deal, help?
Hi, We are 1 year into a 5-year fixed mortgage, which is at 7%, costing us £635 per month. The mortgage is for £90,999. We would end up paying more than double that! According to Halifax, to end now (ish) we would have to pay them over 5 grand!!! We chose this mortgage as we had a vendor gifted deposit and our mortgage…
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how much can we borrow?
Hi we have seen a house today for £350k, we have 50% deposit to put down. I would like some advice please on how much we could borrow. We have a house that we rent and we are living in a mortgage free home at the moment. we would like to sell our house after we move as we dont have time to put it on the market now and…
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Should I buy a flat or continue saving?
Hello money savers, long time reader 1st time poster :) I am contemplating buying a one bed flat to rent (and eventually live in). Am I better off doing that or continuing to save money towards a deposit? I have around 20k in savings and isas and I could probably borrow some additional funds from family if needed to. My…
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Need a huge amount of help re; mortgage, self employment and debts
Right then! Im 22 and my husband is 23, we have 2 young children. We currently have a mortgage on a shared ownership property (bought in 2006, 25% share worth £33750) and are desperately looking to buy outright. However (and here comes the long list of problems) in 2008 my OH left employment, before he was made redundant,…
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Santander/Alliance and Leicester
I have received a letter from Alliance & Leicester (Santander) advising me that my 5 year fixed rate has come to an end. In the letter it states my new intrest rate will be 1.25%!!!! I was paying 4.99%! Now I'm pretty sure this new rate is not right! My dilema is do I phone them to query it or just leave it? I am worried…
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taking my name off a title deeds
Dear all, I need your help on a few issues I have with "title Deeds" I have a retail outlet in UK, the business is in partnership with dad and myself, for financial reasons I need to remove myself from the business. We are planning on doing a re-mortgage, but my credit rating has been damaged and the likely is I won’t get…
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Fixed or Variable ?
What would be best at the moment - any opinions Looking in to a new mortgage and unsure which to choose. 5 year fixed at 4.99 looks like a safe bet or risk a variable rate
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Self Cert fix ending, what next?
Hi my five year fix with BOS is ending in December. Its a 5.19% self cert mortgage, 18 years left. Obviously there is no chance of another self cert and I cannot prove my income (Self employed / director minimum wage etc) My year end is 31st August and I could have dividends for the first time, maybe £20k but I don't…
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Any ideas if we can move??
Hi Everyone, Nearly two years ago me and the mrs moved into our own place. We wasnt earning great money then, and as first time buyers decided to move into a shared ownership property. I'm happy to stay here for now, but she wants a house!! Obdviously prices have been all over the place, would i be right in thinking our…
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Nationwide Reducing Monthly Payment After I Overpay.... Grr!
Hi, since August I have been overpaying slightly on my mortgage each month. What I didn't notice is that each month they have been reducing my standard monthly repayment "to keep the mortgage term the same", totally negating the effect of me making the overpayment! You can call them up to change your standard monthly…
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Nationwide increase monthly payments on fixed rate deal
We are 2 years into a 5 year fixed rate deal with Nationwide. Nationwide have written today to say they are increasing the monthly payments by 1.5% as we will have rented the property out for 3 years. How on earth is it justifiable to vary the monthly payments on a fixed rate deal?
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Gifted Deposit
Has anyone had this problem themselves? We are buying my mother in laws home using a gifted deposit. We were accepted by Platform, but they have no told us they will not lend now because my mother in law was late on a payment by 4 days! She has never missed before, she was claiming on her insurance since she was made…
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Dealing With Debt - Out of Court Settlement
I need some advice. For over 17 year's I have been fighting the amount of Service Charge levied against my property. To cut a long story shor the company in question has agreed to settle out of court for just under £10'000 my solicitor tells me that this is a good deal even though he agrees as unfair as it is my lease had…
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New Build House with Shared Ownership- Help Needed!
Hi Folks, This is my first post and I'm hoping you can advise me! We've put a deposit down on a new build house. We're due to complete the missives but not sure whether to take the builders 80/20% home buyers offer. Basically they pay 20%, we mortgage 80%, after ten years or if we move (which ever comes first) we pay their…
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Mortgage foreign nationals
I would like some advice. I have been declined a first time buyer mortgage with my bank HSBC because I only have 18 months left on my work permit visa. They have ignored the fact that I am a NHS consultant with strong salary and permanent job. I have lived in UK for 4+ years and am eligible for settlement/ permanent…
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Help with shortfall on repossesion
Weve had our house repossesed (the house was my husbands - in his name) , it wasnt our home it was a house we rented out. We feel behind with the morgage payments as the rent didnt cover the morgage and struggled for 2 years before agreeing to a voluntary repossesion. The house has been sold for £71,000 at auction,…
