-
Repossession
My father-in-law's house has gone to court for repossession due to non payment of a secured loan (not mortgage). He has been told that although he owes £50K (includes charges) and the house is worth £150K he will not receive any money back from the equity. Apparently it's in his Terms and Conditions. He does not yet have…
-
didnt tell remortgage company that wife is pregnant... Help!!
I didnt tell the company that im remortgaging with the my wife is pregnant as i didnt want it to fall through. We were only just in affordablilty. Today the bank called to say as part of the app they need to give us a quote on life insurance. it was a third part company that took all the medical questions but one of the…
-
what is best?
Help - I am employed- hubby self employed since April 2009 looking to move to new build by P/x but.....do I need a 15% deposit also can only find lenders that will consider my income as employed.... Does anyone know if you can get a mortgage on a new build with 10% deposit ...also is there a lender that will consider 1…
-
In a bit of a mortgage pickle
Hi all This is only my second post so hopefully i'm doing it right. I'm going to try and be brief as this could get very complicated... :rotfl: I'm currently living in a flat in Tottenham that i bought feb 2007 with my then boyfriend. We broke up in Nov 2008. At that time he was due to stay and i was due to go to Leeds. He…
-
Will my mortgage company allow interest only payments?
I split from my oh 2 years ago and have struggled to pay the mortgage. I now have about £3500 worth of arrears and the building society agreed to my paying it back at £35.00 per month. ( I also have a lot of cc debt I am trying to clear) My husband and I have decided that we will not get back together and the time has come…
-
Standard Life with profits fund endowment.
Hi Guys, Have the above endowment policy and just received my yearly statement which shows an AMBER ALERT... The plan started March 1999 And matures March 2024 (14 years left) I pay £92 each month which includes cost of life cover and critical illness. The target amount is £43,600 The total value on March 2010 is £11,600,…
-
Why is Co-op being so slow with remortgage application???
I applied for a remortgage with the Co-op and it was accepted on the 22nd of April. They said they are going to send the paperwork out first class post. I called on the 2nd of may to be told that the paperwork has to be returned by 20th May so they will send a new set of paperwork out...... still nothing. Called today and…
-
Reduce mortgage or increase savings???
Hi everyone, Next year I'm hoping to move house and leave my Northern Rock Together mortgage behind. This is currently £68k mortgage and £8k unsecured loan. My question is - would I be best using any extra cash I have: a) towards overpayments on the mortgage? b) to reduce/clear the unsecured loan? c) into savings? My…
-
HELP I cant re mortgage
My self and my partner split up 9 years ago and since this time I have been paying both the mortgage and secured loan on my own. As a single mother and returning to education student I did struggle for the first 4 years and when my ex left he was supposed to pay the amount on the secured loan, it was some months after he…
-
Mortgage with sister and mortgage with partner
I hope someone may be able to offer some advice. For the past five years I have had a joint mortgage with my sister on a house in Kent in which she lives and has a lodger. My contribution to the £412 a month mortgage is £150 per month (the rest being paid by my sister). I am now in a position to buy a property with my…
-
Mortgage owned house to purchase BTL - what type of mort.
Hi, I have a residential mortgage on my own property. I also own another property without mortgage (cira 90k). I would take out a mortgage against this (50k) to finance a BTL property. Is it likely to be a problem to raise a mortgage on a property owned outright? Would I need a standard residental mortgage, BTL or…
-
2 Year Fixed Deal Ending after 27 months?
First time poster, so please be gentle ;) Myself and my partner are first-time buyers, and secured a 2 year fixed mortgage @ 6.79% with the Halifax back in March 2008. The advance/product feed/higher lending charge were debited on 31/03/08, and our first payment, made by direct debit, was credited 14/04/08 I was expecting…
-
Do we have any realistic chance when buying a house?
My partner and I would love to buy our own home, we both work and have three children, we are currently renting a Housing association house at a good price for its size, so we have been able to save £2000 in the last 3 mths alone by living on one wage and saving the rest. My partner has a ccj which is reaching its 6 yr in…
-
FTB mortgage advice
Hello Firstly can I thank you in advance for reading through this and helping in any way you can :) and here is my situation: My partner and I recently got engaged and have decided that it's about time we got on the property ladder as we need somewhere bigger and to rent bigger would be the same cost as a mortgage a month…
-
Help with mortgage advice please
Hello, my current mortgage will finish in 2012 and I may have the opportunity to purchase my late mother's house. It has been valued at £60,000.00 and I have two sisters who are entitled to equal shares. With their agreement I could give each of them their rightful share and I was wondring if anyone could advise me of the…
-
Help & Advise on Mortgage Debt
We contacted our mortgage company back in December 08 to say we were going be struggling with paying due to redundancies. They were unwilling to help. We stayed in contact with them all the time, but eventually were told by a financial adviser to move out and find a rented property. We put the house up for sale and had an…
-
Self employed
We are looking to move and need a mortage we are both directors of the company the first year books have just been done and showing a net profit of £26500 i was aslo paid £5500 by the company. the sale of our house will give us £56k to use as a deposit. What are our chances and how much would be able to borrow
-
Melton Mowbray Building Society
Does anyone have experience or know of Melton Mowbray Building Society? I believe they can handle some adverse credit but are rather slow at underwriting. Does anyone know? Cheers
-
lokking for some mortgage advice - Birmingham midshires
Hello, We currently have a self cert mortgage with birmingham midshires and I am presently blacklisted till 2012. I have to stay with current provider. On a variable rate at present £369 pcm and BM are offering us anew fixed rate at £475 pcm which is 5.49% Loan amount is £69,751. Arrangement fee : £698.00 I really dont…
-
HSBC Split Loan mortgages?
Hi all - just some opinion / general advice pls. The HSBC split Loan product sounds interesting, but don’t know how good it is. Situation is: current HSBC fixed rate @ 5.89% ends in June Current borrowing £155,000 ish Current LTV 74% ish (depending on what valuation to believe) I was planning to stay on SVR (3.94%) for a…
