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move or stay
Have been offered the chance to buy a house from a friend at 10 k under valuation. In order to do so would have to double mortgage to around 1200 per month and increase years from 10 to 28. This mortgage pasyment is around 30% of our take home pay. Are we mad to be considering this
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Help!! Remortgage/transfer of equity/deeds...
This is all sooo confusing! 3 of us (Mum, me & DH) bought a property outright so we have no mortgage. Mum put in a larger share at the beginning and we have decided to gradually buy her share so that we eventually own the property ourselves. We decided to get a mortgage in my husbands name so that we could give mum some of…
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leaving a small mortgage with lender?
i am in the lucky position of paying off my mortgage this december. i have an offset mortgage with IF. are there any benefits in keeping a small mortgage with them?
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commission based mortgage advice please
Hi there, Could anyone advise where would be best to apply for a mortgage when on a commission based salary? After trying a few lenders today - it seems to be tricky finding a mortgage due to a large amount of my wages being commission. (12k basic but 35k earnings each year for the last two years) I would be grateful if…
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Mortgage at 19?
Hey all im after some advice. Im a 19 year old male with a very good income for my age, have a company vehicle and still live with the parents :D I've managed to save 6k this year, and am looking into getting my own flat or whatever is available. My credit score is classed as 'fair' (833). Ive not got any negatives on my…
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Northern Rock - Assistance Required
Hi all, I currently have a £137,000 mortgage with Northern Rock at the 5 year fixed rate of 5.99%. £118,000 is for the house and the remaining 19,000 was an unsecured loan (again 5.99%). The term is 35 years. I have been fortunate enough to receive a salary increase due to promotion and would like to use the opportunity to…
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OMG - My mortgage has been sold on.....
Hi I am looking for some advice as I am in a panic.... Having opened my post late I found that my current mortgage company have sold my mortgage onto another company. I also received a letter from this new company stating that the new payment will rise by by £50 per month. This letter gave no indication of the interest…
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Mortgage for pensioner
Hi there. Just heard that the Halifax have restricted mortgage lending up to age 75. A couple of weeks ago they told me I could have a 25 year mortgage on my income and at my age (66). But now I don't fit their criteria. My current mortgage with them has less than two years to run, covered by an endowment. (Yes, I was…
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how long from offer to date of entry
Hello...just a quick question. I had my offer on a house accepted over 2 weeks ago but have yet to negotiate date of entry. I know no one can give me an exact answer but just wondering roughly how long this usually takes? As a FTB I have no idea!
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Mortgage lender named on buildings insurance?
Hi I am a first time buyer and have now had my offer accepted and offer of loan received. My problem is that on the offer of loan it states that we must have buildings insurance in place before the exchange of contracts (this is obviously fair enough) but it also states the lender must be jointly named with me on the…
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Ex wife nightmare, mortgage in arrears, can't get out
My husband and I find ourselves in a nightmare situation and cannot see a way out. It is quite complicated so I will be as brief as possible. My husband was divorced just before I met him but his financial wrangling was still ongoing. Due to the cost of this being over £30k we ran out of money and he represented himself…
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Remortgaging From a Buy To Let
I have a buy to let mortgage and have been a landlady for around 4 years. Due to a relationship break up I have served notice to the tenant and will be moving back into the property myself. I tentitively spoke to my mortgage provider (alliance & leicester) some time ago before I took the jump and decided to move back to my…
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Condition of offer?
Hi, Is there such a thing as a Condition of offer? The reason i ask, is that my partner and i have around 7k worth of debt between us which is manageable. When we get our mortgage offer, is it possible that they will ask us to pay some of the debt off before completion? We will be able to pay some of it off before (Around…
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Halifax/HBOS Mortgage Delay HELP?
Hello everyone! I am hoping some provide some guidance...husband and I are ready to move house. Our buyer is all set with their offer, the house we want is ready to go but our mortgage offer with Halifax/HBOS is taking months. It has been 3 months now since we had the offer accepted! The problem is that we are going…
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95% Mortgage
Hi, Is anybody aware of any 95% mortgages that are available at the moment? Clydesdale is the only product that I have been able to find so far... I am looking to buy in London, 15k deposit on a 300k house... Thanks in advance, Chris
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Mortgage problem - need advice
I was with my boyfriend for just on 8 years we have a joint mortgage together 50/50 we bought the house just under 4 years ago, he then Nov 09 decided to go off and meet another girl and told me to leave the house!! he is now living in my house with her and have been for the past few months. where do i stand, can someone…
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mortgage problem
Hi, having a bit of a problem with mortgages and not sure what to do. My income is £21,500 and my partner's is £14,500. I am on a permanent contract and he is temporary. We have a good deposit of £95,000 from an inheritance. We found a property we liked and phoned a mortgage broker who said that we could easily borrow…
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Should I surrender my endowment policy???
Hi, New to the site and just wanted some advice. I have a Scot Am(PRU) Home Start endowment policy that is due to mature in Feb 2018. I pay £70 a month for this and it was expected to return £50,000, however I would expect there to be a shortfall in this. I have a repayment morgage which I overpay every month and never…
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Help please on joint mortgage with no life cover. what if one party dies??
Hi guys, pleasev help. My ex and I have a joint mortgage(£300K) on a property. value £400K. The property is rented out to a council tenant and I now live in rooms. The question is if one party dies, does the full mortgage become the survivors problem with no life cover? if so and the house was sold as part of the estate,…
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Survey/Offer
Hi, I have had a call from my mortgage company this morning requesting payment for the survey (as i was expecting) which i have now paid. Does this mean that they are happy with the application etc? Would they do the survey etc if they might still decline etc? Thanks Dan
