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Fixed rate due to expire - currently in Debt Management and CCJ
I currently have a northern rock together mortgage. I have almost a half year of my fixed rate remaining. During my time with the mortgage I came into financial trouble and entered a debt management plan with my creditors. They will get paid eventually, but the interest is frozen. I also have a CCJ (i think) with my…
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Product Fee???
When I asked about increasing my mortgage to buy a more expensive house, I was told there would be a product fee....not knowing what a product fee was I pressed the advisor for more info, turned out he decided I didn't need one which saved me £895! He wasn't very happy about my insistance on knowing what it was, when…
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Using student loan as deposit for house?
Hi All, Appologies if this is in the incorrect place... I am a single student mother, just finished my 1st year at university. As a single parent I am entitled to a fair ammount of grants and loans from student finance. I also work full time (well 30hours), I started this job in March, so my 1st years loans etc was used to…
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Will We Incur a Final Repayment Charge?
We have two Nationwide mortgage accounts, both trackers, one is the main mortgage and the second is a further advance. They run concurrently. We have four years of payments left but have decided to overpay to reduce the remaining term to two years. The maximum we can overpay without penalty is £500 so the plan is to pay…
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Mortgage for wood framed house ?
Hi all. New bloke here ! We want to sell out 1832 semi-detached cottage in Kent :rotfl:and have our eye on a 1930s wooden-framed bungalow in the middle of nowhere ! It is wooden framed with weather boards on the outside and plasterboard on the inside. Santander (our current mortgage lender) doesn't want to know, and am…
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Pay more off the mortgage .. or save?
I've recently retired and have already used some of my retirement lump sum to pay £15K off the mortgage. It is part repayment (approx £16K) and part IO (approx £4K) with just under 6 years to go at an interest rate of 1.5%. I am now wondering whether I should pay more off or leave the rest of my savings in ISAs, which are…
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Mortgage co. miscalc' & I have to pay £221.66 extra pm!?
Hi, hoping someone can offer some guidance. I have just received a letter from my mort co. advising that "following a review of your mortgage we have revealed an inaccuracy in the way your repayments are calculated. The effect of this, when combined with last years unprecedented rapid reduction in interest rates is that…
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Our A & L repayment mortgage - your advice please.!
Dear All, Good afternoon, I just wondered what everyone thought of our situation. We came off a fixed 3yr interest only (due to new family and salary cut) a few months ago. A&L put us down to a rate of 1.49% (0.99% above BoE base). We used the drop to save some money for some refurbishments and now just received a quote to…
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Avoiding fixed rate penalty
Hello I'm looking to borrow some more money by increasing my mortgage. There are many good deals which aare much better than my fixed rate but obviously the benefit is eaten away by the large penalty you have to pay to chnage mortgages. Am I right to say that if I borrow more with my existing lender I probably won't have…
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Three way mortgage
We (married couple, 2 young kids) are thinking about buying a house in partnership with my brother in law. He's a naval officer, so earns a reasonable salary but doesn't need accommodation for most of the year, especially as he's planning to spend holidays abroad. The idea would be that he gets a place to stay in London…
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FTB, new job looking for a mortgage
Hi im a first time buyer and looking into getting a mortgage some time soon but i need a little help. i have been working for my current employer for almost 12months now but this was through an agency, i applied for the job that i was doing through the agency and got it and my start date is monday 21st june. Will the…
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My endowment policy
When we bought our first house in 1999 we took an interest only mortgage with a Legal and general flexible mortgage plan. The plan was supposed to pay out £50400 and we pay in £89.67 a month. So far we have paid in £11567.43 and it's worth £11291.43. The trouble is the charges whip out any increase in unit value so we end…
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Overpaying mortgage.
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Am I tied to the developer's broker (IFA)?
hi all, I am going through HomeBuy Direct to puchase a new build and have just reserved a property. The only issue is that it states on the reservation form that the reservation is subject to using the developer's approved mortgage broker. My worry is that the broker will not be able to find me the best mortgage deal. I.e.…
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Mortgage with elder family member
Hi, I was hoping to include a family member on an interest only mortgage for increased borrowing. I want the mortgage term to be 30 years, but how would this affect the application if the family member retires in 5 or 6 years? My LTV is approx 55%
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Which parts of my income will be taken into account?
My partner has a mortgage on his house which we want to sell to buy a place together. He's self employed and his money gets paid into his business account which he draws a salary and dividend from but hopefully as he already has a mortgage he won't have too many problems getting another. I'm cabin crew and get paid in 3…
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Going from sole to joint mortgage and additional borrowing - What to do?
(Reposted with a different post title as the other one was too vague) Currently the house is in my husbands name (it was his house before we met and married). We want to take some additional borrowing for home improvements and we won't be able to do this with just my husband on the mortgage so we want to add me to it (as I…
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Recommendations for Mortgage Brokers in Warwickshire area
First of all, new to the forum so HI ALL and please be gentle :o Right, Mrs and I have finally decided to buy a house :j and have viewed a few properties during the past some weeks. Looked at a property today and are thinking of putting an offer in. Now I am going to ask the age old question - should I go through a broker…
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Joint to Sole Mortgage
Hi, Has anybody ever gone from a joint to a sole mortgage when buying a new property? Is it possible? Many thanks. Our current mortgage is in our joint names and thinking of getting the new one in sole name.
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2nd Mortgage
Does anyone know if it is possible for 3 people to buy a property together? I already own my own home however I would like to buy a property with my parents for them to live in but for it to be under all of our names. However I will not be living at the property. Also as my parents are both 50 would this affect the…
