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Selling question.
I currently have a small mortgage with 21 years left, although with my overpayments it would be paid off in around 8 years. I will be putting my house on the market shortly to buy a larger property and obviously will need a bigger mortgage. My question is, when I sell, is my existing mortgage just paid off and do I have to…
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Mortgage over what period?
I took out my first mortgage over 25 years and assumed at the time that it was just what 'you did'. Now I am about to apply for a new mortgage (to purchase a new property) and am aware that I could ask to have the mortgage over a longer period. Aside from the cost, I want to keep the first couple of years repayments low as…
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Transfer of title during fixed term
Does anyone know if you can change the title of a mortgage during a fixed term without incurring early repayment charges? I am looking at taking out a mortgage with my husband, but we may decide to separate during the fixed rate, in which case I will take over the mortgage. Can one usually change the title to a single…
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Life Time 80% LTV Fixed 5.75% Remortgage
Through a credit union at my work they are offering a life time fixed deal at a max 80% LTV at 5.75 % with a £750 arrangement fee and no early exit penalty. Is this a good deal? I have a £180k mortgage split £90K interest only and £90k repayment with 22 years left with NR at SVR 4.75% (?). In 9 years I will receive a lump…
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To fix or not to fix? That is the question.
Hello all...first post here so hope I'm in right place! Mu hubbie and I have been riding the SVR since March last year and overpaying to reduce the mortgage. However a fixed rate of 4.5% for 5 years has been offered by our IFA with only a £750 arrangement fee. Our dilemma as I'm sure with many others here, is do we bite…
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Re-mortgaging+consolidating.Don't mention rent-a-room income!?
Could anyone suggest my way forward to a successful remortgage app. given that I’m self employed & on relatively low income of £14000, average over last 2 yrs. Additionaly I’ve rent a room income of around £4250 which is non-taxable & I hoped could be shown as extra income but enquiries to lenders indicate not; furthermore…
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advice please AXA endowment
Hi help please My AXA endowment has now finally matured after 25 years of paying £33.85 monthly. it was also life policy for 20K. I have discovered that AXA failed to invest my money in with profit funds at the final 5 years review before maturity. They have admitted to the mistake and said they will give me the 20K I am…
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Help getting a Mortgage with my Grandmother
Hi, Really hoping somebody can help us. I have inherited my Nans house (my Mum and Uncle had a mortgage on it for her) my Nan is still alive, but has problems with her neighbours and noise and wants to move, to a better area, she also wants me and my daughter to have a secure roof over our head, so she wants to sell and…
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some mortgage advice please
Hello, My partner and I are first time buyers and we're interested in a property that's £120,000. We have a 15% or 20% deposit. I have a low salary of £7,800 but would be setting up my own business in the property which would bring my earnings up (I'm guessing that's not relevant at the moment though!) My partner would…
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interest only
I have only 11 years before I retire. Would like to move need 200,000k considering interest only selling house after 10 years any thoughts advice please:rotfl:
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Surveyors are jokes
I bough a house in Jan 2007. It was on the market for £75000 and the surveyor valued it the same. In the end we got it for 67k as we were first time buyers and could mover quick. The house was a just like a shell. No bathroom or kitchen and everywhere needed redecorating. We did the house up and went to Natwest to…
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first time buyer
Hi every1 im new to the forum so sorry if this has been ask a million times a family relative is selling her house, it needs alot of work but she has accepted a really low price from me for it. i have the money for a 10% deposit the house is £63000 but needs £10000 spent on it.could i get a morgage for 75000 and use the…
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Mortgage for myself and a 76 year old
Hi, Can anyone give me some advice please, I am lookimg to buy a house jointly with my grandmother, her credit rating is good whereas I have a CCJ that resulted from a dispute with my daughter's old nursery, do you know of any lenders that will do mortgages for people of this age, as we tried Santander today and they will…
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EMC advisory services question?
Hello everyone I have had a phone call from these people saying that they are willing to try and get compensation for the miss selling of an endowment policy with profits took out with standard life in 1991 and sold in 2002 roughly? Now the cost if they win some compensation is 41% including vat.:eek: I am not to sure to…
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Standard Life with profits terminal bonus
Does anyone know what the current Standard Life with profits terminal bonus is? I have an endowment that has 4 years to run and I am not sure whether it is worth cashing it in. I have not looked for a few years what it is but I suspect it is not much these days. Thanks Martin
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Maximum Investment Plan
My husband bought a 25 year MIP (Equity 3) with Sun Life Financial of Canada in 1991. We pay £40 a month into it and have a £30k interest only motgage depending on it. It's current value is £10,500. I know absolutely nothing about these but am nervous that we're wasting our money. Is this something we should continue…
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Mortgage Help
Hi there I hope you can help. I currently have a mortgage (£130k mortgage on a property worth approx £260k), so 50% LTV We have been living here in our freehold flat for about ten years and since we've since had a family we would now like to trade up. My partner is divorced and as part of his divorce settlement he agreed…
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Endowement ex partner has died
HI, Quite compicated this, but need to know where i stand for the phone calls on Monday. I bought a house in 2000 with a partner i was living with at the time, i could not get on the mortgage due to my cicumstances but the endowement policy was taken out in both our names. After we split in 2006, i got nothing and we fell…
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Possible Reasons For Mortgage Retentions
Hi all, Buying a property at the moment that needs alot of work doing to it and worried about getting a mortgage retention. Does anybody know the reasons why they put a retention on a mortgage? The house has an unfinished extension and has had some supporting walls knocked out. The RSJ's are visible so we know they have…
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Calculating Affordability for Woolwich - help
Need some urgent help with looking at my eligibility with Woolwich using their affordability criteria Receive ~2700 per month net. 150 Council Tax for the house I intend to buy (Not one where I reside) 100 Elec Gas Water 300 Food 100 TV, Broadband, Phone, Mobile & misc bills 100 Car Insurance, Petrol, Maintenance 200 Car…
