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Morg free or not? & Aviva Endowment promise
I have 12 years left on my A&L Flexible, SVR rate, Interest only Morg but have been making overpayments for a few years now and have the balence down to £700. I've asked for a redemption figure and they'll charge me £195 in fees. I've got an Aviva Endowment with Mortgage Promise which I planned to keep for the 12 years…
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mortgage Booking / arrangement fee
i recently have taken a mortgage out with santander were there was a £495.00 booking fee, they advise that when my mortgage starts they will send me a bill and i will have 30days to pay the £495.00, my mortgage started approx 2 months ago and i have not recieved any letters from santander i spoke to the call centre and…
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Mortgage and my partners devious ex
In a nutshell
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Will I be able to keep this rate ?
Currently have a mortgage with IF of £100k with a house value of £130k so £30k equity as a deposit. Want to trade in current property with a new build valued at £194,950 so will need approx. 85% LTV, we earn £53k between us which rises to £55.5k in September. Can get a mortgage with those figures as have excellent credit…
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Mortgages for auction properties
Hi everyone, This is my first post so you will have to forgive me fo being a little naieve!! I am seeking some advice on the above, i am aware that if you purchase a property at auction you need to pay the 10% deposit on the day for the property along with the auctioneer fee. Are you still required to pay a deposit to…
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Advice from all you experts please!
Hello everyone I've joined the forum to ask all you money experts for advice. I'm coming to end of a five-year fixed rate mortgage deal that i took on as a first time buyer in 2005. Because i was older when I took out the mortgage, I was told it had to be over 16 years only, so I have 11 years of it to go. The current deal…
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Halifax SVR?
Hi My 5yr Fixed is due to end nxt month, can anyone tell me what the current Halifax SVR is so as i can budget for my changed repayments. I can't find it on their website anywhere. thks
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How easy is it to get a mortgage with previously bad credit history?
If bad credit supposedly drops off your credit report in 6 years does than mean by that time my credit rating would be back to normal? Would I then have the same chance of being accepted for a mortgage as someone who has never gotten into debt?
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Shared ownership
Hello money savers, i'm completly new to this site, have just logged on and it has taken me forever to find out how to ask a question!! Anyway i wondered if you could help me. I have a credit score of 750 but i have 3 defaults, two from 2006 and one from 2008. (by the way i live in nottingham) I have a house and I'm…
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Why don't banks let you pay of negative equity?
If you sell a house and it makes for less than what mortgage is, why does the bank not let you pay off the negative equity over a period of time (like a loan). I know they may arrange this for a small neg equity amount but why not on a larger amount like 40 grand. If the mortgage holder had a good payment record and some…
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Got Mortgage in Principle - How likely is Actual Offer?
We secured an MIP from Natwest last month and have just had an offer accepted (under the amount we originally requested to borrow). Tomorrow I am going to make a full application. I currently have a mortgage with them and have done for 9 years with no defaults. My OH will be taking out the new mortgage with me - he has no…
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Negative Equity
Hello My girlfriend is just going through a long divorce with her ex. She has been paying the mortgage on her own for well over a year now as he has moved on with his life. She is struggling to pay the mortgage and getting no help with the payments from him and the lender isn't being that helpful either. She is up to date…
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Could my parents release equity from their house? (no mortgage)
Can anyone let me know about this. They own a house with no mortgage. In fact they never had a mortgage. Did it all 35 years ago on smaller loans! They now have a few credit card amounts and a personal loan prob around £5000. Could they release equity from their house to pay off these debts or use an amount to do something…
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Mortgage advice...bad credit history?
Can anyone give me some advice about what to do? My partner and I are looking to take a joint mortgage to buy a second property. The house we live in now is my partners. In the past I have had a bad credit history but now I earn 30k per year and my credit has been good for the past 3 or 4 yrs. My partner has a good solid…
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First time mortage advice
Hi, I was wondering if anyone could give me some advice I am self employed and I'm currently a low wage earner under 10,000 at present and was trying to get a mortage on a small business premesis. I am able to improve my turnover in the future and have an oppotunity to buy a small business premesis which would be better…
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They miscalculated mortgage, do I need to overpay?
My mortgage company NCBS have sent me a letter stating that they calculated my mortgage wrong and didn't increase my mortgage after the initial 2 year period. This was in Jan 2009 it ended. They now are asking for an increase each month, of £50! I did shop around for mortgages about 6 months ago but none could compete with…
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BTL morgage question
What kind of deposit is needed for a BTL morgage? I think it it is higher than a standard owner occupied morgage. I know things like this change quite a lot, but it's something we'd like to aim for in the next couple of years, so knowing if we're aiming for 15%, 25% etc would help focus this goal.
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Can someone get a Buy to Let Mortgage whilst on a DMP
Can someone get a Buy to Let Mortgage whilst on a DMP? I have heard of people on IVA's getting Buy-to-Let mortgages, but don't know how they managed to get them. Is it through Limited company?
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Can this 5 year fix be beaten? Yorkshire BS 3.99%
I am in the process of offering on a house. Maximum price we can realistically go to is £190k. Joint earnings are £49k and we are first time buyers. Have 25% deposit with a little help from parents so borrowing £142.5k Have an agreement in principle from Yorkshire Building Society for a 5 year fix at 3.99%. Arrangement fee…
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Can I get a mortgage at my age
I have around £80k which I would like to put down on a small flat in London. I am 58 and also have a lump sum which I am investing with the guidance of a recommended IFA until I retire at which point it will go into a pension investment. Until that time (4 years) I have a private income of £18k pa so won't need to touch…
