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ING Direct - desktop valuation for remortgages...
Hi all, Has anyone got any experience of how ING Direct do their valuations for remortgages? I see from their info pack that they use a desktop valuation service for remortgaging clients, to assess the "likely" value of the property when compared to recent sales in a specific area... My issue is this: My flat is worth (in…
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Get a mortgage and secure against other house for better deal?
Hi all, i appreciate that i can only get some guidance, but it would certainly help to get some opinions available before i go looking like an idiot to a mortgage adviser! I currently own outright with no mortgage a house with a valuation 150-200k, and a buy to let property with 70k owed and value of about 130k. I would…
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Northern Rock mortgage deal ends
Could someone please advise me regarding the end of my fixed term mortgage with Northern Rock - it's up on 1st September. I owe £39,000 and need to know if I should go elsewhere. NR have offered SVR of 4.79%. Will the fees of changing outweigh staying with NR or should I look around? Many thanks Saffi :rotfl:
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Advice please
Hi I was wondering if anybody could give me some advice? I split with somebody in December 08, but still have finacial isues to resolve. We have a joint mortgage and the house is currently in negative equity. We also have a joint unsecured loan. Initially I paid all the mortgage up to June where she contributed with a…
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Income Ratios and mortgage lending
Hello First time poster here ;-) we are looking to move house and have some properties we are interested in, that are valued less than our current property. our current mortgage offers the option of "transferring" or porting to another property, which we are keen on as we would not need to pay the early redemption fee's…
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FTB - Mortagage Application Declined In Branch
.... what next. My gf and I have just been declined for a Lloyds-TSB "lend a hand" mortgage. We're both absolutely gutted!! We have total incomes of 75,000 GBP The house was worth 215,000 GBP and we had about 12.5% deposit with the rest being made up from savings from my dad to get to 25%.I have a loan with 3,500 GBP left…
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What happens to your policy?
Can anyone tell me what happens to an endownment policy if you stop paying it? If you stop paying the payments does that mean that you automatically lose it? A friend of mine got into trouble about 8 years ago. She had an endownment policy with her mortgage but she fell behind on the payments so she changed her mortgage to…
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have to give up :(
Well am registered disabled and stopped work at Christmas. have accepted an offer on my house as just have to have a bungalow. Have found one cheaper than my house and have tried to get a mortgage but Im afraid no-one will lend. Income of £2k a month and only wanted to borrow £40,000. I have never missed a payment on…
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Pay off credit card now or not?
Hi all Really quick question which I'm hoping will have a quick answer! I'm literally about to hit 'send' on our mortgage application (husband and I are FTBs) but can't decide what to do about the paying off credit cards question. For the record, my husband has no credit cards or loans\overdrafts and I just have the one…
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Mortgage advice needed
Hi, I am 40 years old and own a £350.000 house that I owe around £100.000, I am self employed and rent a unit for £600.00 per month. I have found a property with a unit adjacent to the house, this property is currently on the market for £235.000. Should I sell my house? or release the equity and buy the other property? I…
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What is the cheapest way to be added to my Wife's existing mortgage?
Hi, My wife currently has a mortgage for a property which she rents out. I wish to be added to this mortgage. What is the cheapest way to do this? How do I add my name to the mortgage? What pit-falls / 'gotchas' do I need to be aware of? Thanks in advance guys. Dean
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are we just wasting our time?
hi when we were 18 we bought our first house. unfortunately because of circumstances (credit card and personal loan debt) we sold it a few years later and paid some of the debts off. we went to live in work accomodation. due to illness the debts that we hadn't managed to pay of with our equity were unservicable and i went…
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Can't get mortgage due to age?
Hi everyone, My parents want to buy a house in the UK. They'll need an international mortgage as they don't live in the UK. The problem is that my dad is 67. I've spoken to London and Country who informed me that they can't find any international mortgage lenders without an age restriction of 70. That means the mortgage…
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Got a great mortgage deal tonight..
We have our current fixed mortgage ending in August so have had our ifa round tonight to see what he can do for us. Our house is S/O so there is a good side to this and a bad although to us it is good as we are not planning on buying anymore at the moment. Our house has gained £30k+ since we bought it almost 3 years ago so…
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Mortgage took Childcare HELP
Hi, We are due to move out in 3 1/2 weeks and I found out today that (by going direct to mortgage company as brokers are rubbish) that they will lend us £45k less than we need due to our childcare costs (£490 a month) even though we would still have £500 spare a month and childcare will be stopping after we move. Surely…
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mgm assurance direct debit
Has anyone else had a problem with their mgm assurancethis month.I have been with them over 20 years and all of a sudden this month the dirct debit name has changed to Mrs M johns instead of mgm advantage.I did call them last week and got a vague answer about a problem with the direct debit names for everyone.Anyone else…
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first time buyer or am I? Advice please
Hello We are first time buyers looking at a property with a view to making an offer. We are totally new to this and have recently discovered that first time buyers don't pay stamp duty - otherwise we are in the 1% bracket. I think i am not a first time buyer as i am pretty sure my parents named me on the house they bought…
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Mortgage for house purchase with rental income flat
First post here so please be gentle! We're looking at purchase options related to buying a big old house which also comes with a rather swish self contained two bedroomed 'coach house'. We're going to be stretching things to finance the purchase on a regular mortgage, but in view of the strong rental potential of the annex…
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can you add a loan to a re-mortgage?
:jHi need to borrow 15k, is it possible to add this to my new mortgage when my old one ends? thanks
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Paying the ex's mortgage
Hi, Can anyone help... My partner divorced his ex-wife 2 and a half years ago. She still lives in the marital home but he pays the full mortgage (interest only) due to a court order. She has made the house unsellable - one recent viewing places the cost of work needed at the home at around 50k.... There are solicitors…
