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Fully pay off mortgage or leave just a bit behind???
Hi I have a mortgage of around £82000 and due to inheritance will be able to settle the entire amount. :) However, if in a few years time I wish to release some capital again for say an extention to the house, would it easier if I had a very small mortgage and add to the existing small mortage? Another thought is to move…
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Re-mortgage vs further loan or???
Hi My mortgage is £42,500 my house was valued at £150,000. I have 15 years left to pay off mortgage. (alliance and Leicester) In Sept 10 my 5 yr fixed rate deal ends (was 4.99%) from Jul 1st 10 my rate will drop to 1.75% (from £329 to £254) which is great but, we have credit card debts that I want to get rid of £15,000 for…
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Mortgage in Sole Name (Married)
Hi, Here is our situation. We are married and our current mortgage is in joint names. We are now looking at buying another house and have an application for a new mortgage in progress with the Post Office. Since we took our mortgage out, I have had children and I have recently started working for myself. Unfortunately, I…
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Trying to get partner off mortgage
Hello, My partner and I split in Feb 2009 and since then I've been paying the mortgage on my own. There have been a couple of payments bounce and come out later in the month (I get paid by cheque and occasionally the cheque book goes missing so the money doesn't clear in time) but apart from that no issues. I have missed a…
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Taking over mortgage while in an IVA
Hello there, i am hoping you will be able to give me some advice. Im in a joint IVA with my now ex partner and am living in the house we have a joint mortgage on with my three year old. I have advised the IVA company of the separation and i must say they have been very understanding, we have kept it in joint names and…
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raising capitol against a mortgage free house + advice
I'm currently mortgage free, purchased a house in 2007 for 129500 and had a recent valuation done at 105k. I'm stuck travelling a stupid distance at a stupid cost to work and its actually crippling me financially. Here is my plan of action and I would be so grateful for any advice. In the process of taking a joint mortgage…
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Eviction notice
Hi - Help I have a property which has a eviction notice pending for Monday 21st Ju ne. I have just returned from working away for over a year, and did not realise that i was in the situation i am currently in. I am not in a position to pay off any debts i owe, however i wish to sell my property myself to get the full…
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Death of 'Joint Tenant'
Am I correct in thinking the following in each case? Situation 1: Father and daughter own a property as Beneficial Joint Tenants. Father dies and his share passes automatically to daughter and does not become part of his estate, except for IHT purposes. Neither does the outstanding debt on the joint mortgage become debt on…
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buying out siblings shares & mortages?
In a shared family home between siblings is it possible to obtain a mortgage to buy out a share of say 2 siblings? at this stage as a family we were not looking to sell up.. however if a few of them needed money is it theoretically possible for me to even obtain a mortgage to buy their respective shares? we have discussed…
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Fixed rate or Standard Variable?
Transfering our Mortgage product but cant decide whether to take a Fixed rate of 5.19% or just go on the Standard Variable rate of 3.5% and opt for a Fixed rate when rates start rising?!
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Purchasing a property for 70% of its real value - Deposit question!
Hi everyone, I have perhaps an unusual question here! I am looking to purchase a house from my father. The value of the house is £100,000 and it has £70,000 outstanding on a mortgage. We both want me to become the owner of the house, without me having to pay any (or little) deposit from my own funds. Is there any way we…
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CO-OP 5 year
Hi First post so go easy..! Myself and Mrs are currently on the Nationwide BMR at 2.5%, but considering fixing into the COOP 3.99% 5 year fixed. Our Mortgage balance is 120k, but we're currenly repaying 1000 per month to reduce the term. 1st question - does this seem like a sensible idea given the good rate we are on? I…
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MortgageIndemnity policies
Thank you for your emails of 14th June 2010 in relation to this matter. I am remortgaging my house......There are two indemnity polices in place because there are two defects in the title. The first is a Restrictive Covenant Indemnity Policy due to the fact that the appropriate covenant consent was not obtained for…
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when choosing a mortgage deal -which figures should be a priority
Hello when choosing a mortgage deal, if I were to chooses a fixed rate, should i focus on the total amount payable at end of the fixed rate or at the end of the total term...? thanks
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Motgage denied b/c maternity leave
We are closing our on our house at the end of the month and everything was in order. Today we got word that our loan had been denied due to my wife being on maternity leave. It seems like this must be a violation of FMLA but it is Fanie Mae that is doing the denying. Here are the details... My wife is a doctor and I am a…
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An Enquiry re: Mortgage
Hi. I am inquiring about an issue a relative of mine has.... She took out a mortgage with a chap she was in a relationship with, sadly that fell apart and now she is trying t cope with a mortgage on her own. The Mortgage provider will not remove him from the mortgage even though he has not paid or provided anything toward…
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Bridging Loan?
Hello, Our property chain has fallen through on the eve of exchange! Our Estate Agent has said that our buyer (who has temp lost their buyer) is looking to get a bridging loan - I didn't think banks really offered this anymore? I'm not pinning too much hope on this one - but has anyone successfully done this recently?
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Co-op mortgage - help please
I have just agreed a price on a house. I had a mortgage in principle with Natwest (at 3.19% for 2 years) for 85k but after finding out about offset mortgages I think these would suit me better. Looking at First Direct, I could get an Offset Base Rate tracker at 1.99% above base for £999. I am interested in this, but I…
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A little advice please :)
Hey there, I haven't written on these boards for a while now and previously I was a debt free wannabee. Happily I now have that situation sorted so now that I'm clear of debt I feel the urge to get myself into more with a mortgage :D My question is I have a very small deposit £5000. Can cover solicitors fees etc after…
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Re-Morgage Advice
I am looking to change my presently high mortgage fixed rate of 5.78% for something better but will incur a fee of £2800 for the priviledge! Can anyone advise if there is something around where it is worth my while doing this? I presently have a mortgage of £71k on a valuation of £150k. No adverse history - employed with…
