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Remortgage worry
Hi, i hope you can help. I moved in with my boyfriend in january, who has a mortgage that he got in 2007 that was at 95% (with this first time buyer cluster home, the largest deposit he was allowed to pay was 5% due to the scheme). Since 2007 the house has fallen in vaule to the point where there really is little if any…
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Remortgage Help Need
First time poster. I took out a 100% £96k mortgage 4 years ago in August. 2 years ago I had to remortgage as my 2 year tracker had expires and I secured another 2 year tracker. With the drops in the interest rate I'm currently paying BOE base rate + 1.34%. Come August my amount owed will total £91700 (approx). I default on…
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Mortgage adviser job
[FONT="]I just have a quick question for all the mortgage advisers here: I am a mortgage adviser, too. Not a lot of experience, just 1 year. I did my CeMAP on my own and when I found a job I just had an induction period and after a period of 2-3 months I was signed off as a competent adviser. Since I didn't have any…
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Think I may have messed up!!
Hi all, I think I may have just made a big mistake! I have been accepted for a mortgage and all has gone through, just waiting for searches etc.. I have just now paid off a credit card off with some spare money I had... This credit card hasn't been used for over a year and every month I got a statement saying that the…
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5 or 10 year fixed rate mortgages
We have a tracker mortgage at the moment. 2/3rds is 1% above BOE rate, 1/3rd is 2.99 above BOE rate. These deals are for the life of the mortgage. I am worried that the rates will suddenly rise and wonder whether to take out a 5 or even 10 year fixed rate mortgage. What are the views out there regarding such products. Will…
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Buying a shared family home?
Hello all...any tips or advice please??? The inherited family home in which i live has recently been valued at approx 240k. Between 6 this would equate to 40k each, If i wanted to try and buy my siblings out what would be the best approach? Has anybody experienced something similar and can advise how do mortgage companies…
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How much do you think i can borrow?
Hi there, Me and my partner are currently thinking of trying to buy our first house! We have never had a mortgage before so this is relatively new to us but i do know the basics. Now the problem is I work full time but my partner only works approx 8 hours a week! I earn 25k per annum but by partner only earns 3k per annum.…
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Hi can anyone please help??? Buy to let mortgage on a prefabricated house!!!
Hi this is a bit long winded but i'll try and keep it as short as possible. I am enquiring on behalf of my partner who really needs some help/advice. At the present time he is a home owner and all his mortgage payments are up to date. His credit rating is classed as poor, although all his payments are up to date it is like…
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Endowment Claim Question from FSCS
Can anyoe help me with a question that the FSCS are asking regarding my claim for a mis sold policy that has been on going for a few years. Q - Standard life have informed us that your policy was originally in a sinle name(i was not maried at that time and the house was in my name) but PCM was added to the policy in 1994.…
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Mortgage Rejected - Should I have to pay the broker anyway?
We recently used a mortgage broker to find a mortgage on a house we are buying. The property is being sold with some minor (non structural) fire damage and does not have a usable kitchen and is not immediately habitable. We made the broker very aware of these issues from the outset as we had been led to believe these could…
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Santander mortgages
Hi all, I currentely have an Alliance & Leicester 5 year fixed rate deal that is due to come to an end in October of this year ( 4.49%). Does anyone know if the Santander remortgages will be available to me then?I spoke to A & L mortgage customer services yesterday to get an idea of what they had available to existing…
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fixed or flexible?
I have a small mortgage of approx £14000 left for another 4 years. My fixed rate term has ended and I am now on a flexible rate of about 4.2%. The fixed rate for the next 2 years is 4.49%. My question for those who are more savvy than me when it comes to financial trends is should I switch back to fixed or not?
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Freelancing, mortgages and the bank
Hi. I have a joint mortgage that is on a variable rate. My partner is working full time and I have just quit full time employment to do freelancing. The mortgage was about 2.7 x our joint income, so affordable. As a result we have some money put aside. I also have freelancer work lined up, but not at the same level as what…
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About to exchange contracts can I change to a fixed rate ?
We are in the process of exchanging contracts hopefully on Friday (just signed everything to send back to solicitor) and we will be on a mortgage with Northern Rock 2yr tracker 2.60% payable. Would it possible to try and switch over to a fixed rate product before completion (23rdJune). I guess I would have to forfeit my…
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bancrupt friend crippling me
Ok, I'm in a very grim situation, and I know it isn't looking very good. I was hoping somebody would be able to give me advice on what I can do now to protect myself and be the least damaging. The situation: I have a joint mortgage with a friend. Neither of us stay at the flat as we went our separate ways. She maxed out…
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Remortgage help, new deal, low deposit
Hi all, in sept 2007 i bought my first house with a 95% mortgage because i only had a 5% deposit. I managed to get a 5.2% fixed 2yr mortgage deal with alliance & leicester. Obviously, my fixed deal ended in sept 2009 and currently i am on their standard variable rate which is quite high compared to some mortgage lenders at…
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sale completion advice
i am in the process of selling my house and buying another. my buyer has got the house considerably cheaper, has asked for gifted deposit and caused a few problems all along. I am now at the stage of arrranging echange and completion dates but my buyer has turned round and said he has not got the deposit funds and cannot…
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New Northern Rock Mortgage
Hi I'm moving house and my searches and various people (brokers/mortgage consultants etc.) are all (those who have whole of market to search in) are telling me that the 2 year fixed at 3.09% with Northern Rock is the best deal, even with a £1966 arrangement fee added, it does over the two years work out financially the…
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Can you reason with underwriters?
My gf and I had an offer accepted on a house of 116k, deposit of 42, and a mortgage of 72k on 3.5% with NatWest. THis was going to give us a monthly repayment of £370 over 25 years. We got the MiP and then when it went to the underwriters, it got rejected due to 'adverse credit'. Now, I do have bad credit (from a few years…
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Concessionary Mortgage - Purchase from Mum
Hi all- We've been advised to look into a 'concessionary mortgage' but I can't seem to find much about it. The situation is that we're looking to purchase the house from my Mum at pretty much market value (purchase for £76,000) but we have no deposit so have been told that is she were to lower the price to £70000 for…
