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MSE News: Mortgages hikes after Yorkshire/Clydesdale Bank glitch
Hi We've had a letter from the Clydesdale to tell us that they've undercharged us on our Mortgage. In a subsequent telephone call they've said it was a system fault and now they want the money back. They've increased our Mortgage payment by £107 p/mnth. I have 2 questions, I appreciate that from now we'll have to pay the…
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Platform mortgage - buildings insurance condition
There is a clause on the mortgage illustration which states: Insurance you must take out as a condition of this mortgage but that you do not have to take out through Platform or <mortgage advisor> Buildings If buildings insurance is not taken through Platform or <mortgage advisor> then a charge of £30 will be payable once…
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valuation booked. home visit not drive by
Hi I am in the process of remortgaging and is up to the valuation stage. I was just wondering would there be any difference to a drive by valuation and one that they actual visit the home? Many Thanks for any replies Mandy
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Mortgages & Credit Checks
Hi, Do mortgage lenders carry out any further credit checks after issuing an agreement In Principle, if so, do they have authority to do this? I'm asking as I was having a "heated" discussion at work with someone regarding this, just wanted to know to clear it up. Thanks
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removing a name from a mortgage
If two people have a joint mortgage and one wants to get thier name taken off the mortgage what legal steps do they have to go through. The person who will keep the mortgage will agree to them taking thier name off.... I presume there are land registry title etc that need to be changed and it means engaging a solicitor but…
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Possibility of Interest Only Mortgage When Repayments huge
Hope someone can point me in the right direction as I'm frantic with worry. As part of my divorce I have been advised by my solicitor to cash in 2 endowments to help pay my ex's debts so that he can't force sale of our home (2 kids to look after who are doing exams atm). The problem is that when they are cashed in my…
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remortgage undervalues property
My girlfriend is trying to remortgage her 1 bed apartment, the main reason being that she is stuck in a horrendous 5 year deal paying 6.99% fixed. It was bought in Autumn 08 as a new-build for around £86K, although 25% of this was a gifted deposit from the developer. Not being sure of its current value, she wisely didn't…
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Years of address check??
Hi Does anyone know how many years that banks checks back on you for credit. Reason I ask is had a AIP from Halifax which "A" rating no probs but point blank refused from Natwest. I check my credit report and the current address I'm at (3 years 2 months) has all my credit super cool - any debts being paid blah blah.…
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small mortgage sellers?
I,m going to need a small mortgage. 10-15 K but it seems alot of deals are 25k minimum... Are there any small mortgage companies if you know what I mean... OR o I get a 25k mortgage and pay 15 back the next week to get a good deal ???? :D
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First time buyer- mortgage help
Hello, please-can anyone help me...? I currently live at home with my parents and I have a low paid casual job. In August I will start a graduate chartered accountancy training scheme at one of the 'Big 4' professional services frms. I have a contract of employment with a start date in August and a salary of £19500 per…
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Advising mortgage lender that you are now letting property
My son lives in a flat that we purchased outright ie no mortgage on it. He has been there for 5 years. We are now thinking of buying another flat and renting out the current one. We are thinking of applying for a mortgage on the current flat and think that it will be better from a tax point of view ie rental will be coming…
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Looking for a further advance on mortgage to pay of debts and reduce payments.
You might get this all the time so sorry if it has been posted before, I couldn't see the same thing exactly in my quick search. We have some fairly sizeable credits cards and loans outstanding which are squeezing us hard from month to month. We have a £170,000 mortgage with Halifax on a house worth £350,000 which is at 5%…
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can banks force you on a repayment?
Hi all sorry if this question has been posted previously, but if your on a interest only mortgage, can your lender force you to change it to a repayment? Im on a svr with my lender, and am not looking to change till the rates move, but can my existing lender do this? not looking to remortgage/borrow more money but keep…
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Advice required on joint mortgage with parents
We are looking to buy a larger property for both my family and parents to live in ideally something with a granny annexe for them. The problem is our incomes are not straight forward. I work part-time and hubby now plays poker for a living after recently selling his business as the poker was more profitable. Obviously any…
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Mods please delete! Thanks x
sorry i have to delete thread because i shouldnt have posted these details online! Thanks for the responses though x
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Endowment Assignment & 'Chargeable Event'
Hello My husband has decided to assign his half of our endowment policy to me The policy is 23 years into a 25 year policy the amount is anticipated to be about £50,000 - the original policy was taken out against a mortgage which is now paid up and I am looking at this amount of money to be my pension - the policy is due…
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Rate Hike Refusal
Hi All I am with the original Northern Rock, and have been told that i cannot have a new deal with them. I am on a variable rate, which at the moment is ok. My worry is that as soon as base rates go up, so does my Mortgage. Unfortunately, due to the current economic nightmare, i have had to take a massive pay cut, and…
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mortgage payment holiday
we paid 240k for our house 5 years ago and when we took our mortgage with halifax they said we could have up to 6 months payment holiday during the term. we have had 2 payment hols so far but this year when i rang to see if we could get one they said no as our property has index value of only 205k and outstanding mortgage…
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Why can't I get a mortgage!
I'm having real difficulty getting a mortgage and need some help. I'll explain the situation. I have a mortgage and am selling my house to move in with GF who currently lives 100 miles away. The new house is more expensive than mine so I need to borrow more. Once I've sold I'll have 20% deposit and will need to borrow…
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Buy to let for my (student) son
Hi, my ds is going off to uni in sept and is looking to rent for about £500 a month. Im now thinking about the possibility of buying a little flat for him to rent off me and then sell when he's finished, if he wants to move on. Would i have to get a buy to let mortgage? Has anyone done this and regretted it for whatever…
