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possession order
hi just wondered if anyone can help. i have been given a possession order on my house, on initially finding out there were court proceedings i contacted the mortgage company and made arrangements to repay at a higher rate. i was nawre i needed to attend court as this solution was done through the mortgage lender. i did not…
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Remortgage to release equity
We bought a house in a very poor state in January this year, and by the end of this year it will have been 90% renovated and hopefully substantially increased in value. I want to release some equity in order to pay off some debts and final renovations. Is this as simple as finding a new mortgage deal, paying for a new…
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FTB help please!
Hello I need some advice please. Myself and my gf have been turned down for a mortgage twice this year due to my poor credit history. I have 3 settled defaults on my file from when I was younger at uni, I have no outstanding debt with an ok paid and secure job. I haven't missed any payments etc for over 2 years and worked…
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Joint Mortgage - relationship dissolved
Wondering if you can help........ I bought a house with my ex and both our names went on the mortgage in 2005, she subsequently stopped working and I have been paying the mortgage since 2006 alone. Our relationship broke down in 2009 and I have been left with the children in the house and I have been struggling to pay the…
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Consequences
What are the likely consequences of the bank finding out that I live in my btl flat? What are the likely consequences of having a btl mortgage but having BI on the basis that I live there? Cheers.
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Changing mortgage deals while out of full time employment
Hi everybody I am purchasing a property at the moment and taking out a mortgage for it. I am currently working full time but in 1-2 years, I am planning to take a year out of work to pursue a Masters degree. I have budgeted carefully for mortgage repayments for the period I am out of work, however I am wondering whether I…
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How much will my payments reduce by...
Currently with Nationwide. Current deal ends 30/11/10 -need to call Nationwide tomorrow to discuss my options. Current deal is 6.78% 2 year fixed rate Remaining term 21 years Total amount to repay is circa 70k (LTV around 90%) Letter from Nationwide states I'll revert to BMR which is guaranteed to be no more than 2% above…
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Is this a rip off ?
ok, i have a mortgage with yorks bank was on no deal with them...so i asked to have a new deal to fix for 2 yrs and borrow an extra £10,000 All OK but they are charging me a valuation fee of £200 !! i only owe £36,000 will be £46,000 house prob worth £150,000 so the girl checks on line valuation a few clicks and says yep…
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post office mortgages
I have been looking around and ended up getting an agreement in principle with the post office for a 90% on 230k at 5.19 fixed for 2 years. The deal seems kind of ok when compared to competition but I am slightly concerned with the fact that the mortgage seems to be offered via the post office by the bank of Ireland. I…
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To redeem or not to redeem
Hi we have a new daughter and need to move because of the requirement for a new bedroom. We are currently trying to decide on the best tactics with the Nationwide who we want to renew our 3 year fix with next month (have been with them for 13 years). Ideally we want to keep our house (in the current selling climate) and…
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need some help please - mortgage being paid on income support???
Hello, I know there are some wise and wonderful people on here as a friend recommended this site. I am being made redundant :( - not entitled to any payout as have only been in post for 9 months. I have been applying for jobs but nothing as yet. I currently earn quite a good salary, £30k and I work 4 days a week. I am a…
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Obtaining a small buy-to-let mortgage circa 75k
I've been saving money for some time and also have inherited a small amount of money, such that I've in excess of 30k saved up. I've no credit card debt, and no outstanding loans. I earn about 30k per year. I'm looking to invest in a small buy-to-let property with a mortgage that's low enough that I could cover tenant…
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Bank charges very high interest rate - where do I stand?
Hi, I have a buy-to-let mortgage with Standard Life Bank and they charge me an extortionate amount of interest (7%). I asked them to move me to another product that offers a more affordable rate but they refused. Where do I stand legally? Can I take them to court? Can I complaint to the authorities on the grounds that the…
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Equity Release to Buy a Second Home...
Hi, My partner and I purchased our first home in October last year for £220k with a LTV 80% on a fixed term 2yr rate. We have renovated the property and had a few estate agents in to give us a valuation which has come in with an averge of £245K for sale or £1000pcm rental. We are trying to decide whether to sell or to rent…
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Mortgage on property already owned?
Ex-girlfriend had an AIP which expired a few months ago but has just found a flat she likes. She applied for AIP again (with 25% deposit) and was inexplicably declined; checking Experian shows some oddities with the addresses listed (they have previous and current address wrong way round) and a previously unknown £22…
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Halifax mortgage DIP, survey paid for, mortgage declined
Hi, Wondered if anyone could help? My wife and I applied for a mortgage with Halifax 2 days ago. Following a successful Decision In Principle we proceeded to a Full Application and both came back as successful, :T with no requirement for further information. The survey was paid for and subsequently booked the following day…
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Self build house which mortgage company will loan money?
Hi, I have seen a property that needs to be rebuilt, Are there any mortgage company's out there who will lend you the money for a self build home? How does it usally work I have a deposit but not enough to build a house. Any info would be good Thanks
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Endowment maturity
Hello, one of our three endowments is maturing in December 2010. The company (Prudential) that we have the endowment with says the total sum is passed to our mortgage (Newcastle Building Society). Upon talking to Newcastle they have said that our tie-in does not finish until October next year so when the endowment gets…
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Mortgage increased
Hi, i am wondering if anyone can help me understand how my mortgage payment increase is worked out. We have an outstanding balance of £57,025.73 we have 15 years left. We were paying £440.12 per month on a rate of 4.71% ..... as the libor rate increased by 0.02% we are now on 4.73 and our mortgage has incresed by over £18…
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MSE News: Nationwide: house prices remain flat
This is the discussion thread for the following MSE News Story: "Typical values remained broadly unchanged during September as activity in the market continued to be muted ..." Read the full story: Nationwide: house prices remain flat