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Post Office Lending Criteria
Hello All, I will be applying for a joint Mortgage next month, we are first time buyers that a borrowing 85% LTV and choosing the Post Office as they have a decent rate at 3.94% fixed for two years. Its all good but I have a small concern with the regards to their 'clean credit history' policy. They say Max 2 missed…
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Affordability
Hi all.. Just a quick one. I applied for to transfer the equity of a house that me and my brother have in our names. The current mortgage on the house is £143500 and I was told that I would only be able to borrow £120000. After checking my credit file, all was good apart from my overdraught appears twice on there for a…
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Mortgage - Transfer of equity
My partner has a joint mortgage with her ex husband, she no longer lives in the huse and he has been living there alone for the last year until recently he decided to move out. I am in the process of replacing his name on the mortgage to my own through a transfer of equity However I have just found out he hasnot been…
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What Is The Most I Could Borrow.
HI I have a mortgage with the Halifax, which ends in Jan 2011, I am intending to just remortgage with them with whatever their best offer is at the time. They valued my house at £357.000 two years ago, I have done some work since then, plastering, new garage barn doors, painting all of the outside as well as some other…
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Is it too late to Claim Mis Sold Endowment?
Been going through some of my mum's finance's and she has a Mortgage Endowment with Sun Life Financial of Canada which she took out in 1990, and she was told that it would pay off the mortgage. So she only took about a Interest only mortgage. However it will not pay the mortgage off. It is set to mature this year but she…
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Remortgage question
Hi - I'm looking for some advice, if possible. I have a mortgage at present, repayment, interest around 5.5%. It's about 9-10 yrs into a 25 yr term, and only represents about a third of my home equity. Until now, I had lagre cc debts, so I didn't bother trying to remortgage as I presumed refusal. However, i am now in a…
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Realising equity from 2nd home
I have posted elsewhere in various forums about debts we have. And most feedback has been really helpfull and comforting. We have large debts mostly from credit cards. I have spoken to CCCS and am considering a DMP, but also want to consider other options. One of these is that my wife is 50% ownder of a second property.…
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Mortgage/Legal Advice
A Long story, short... My mother in law has left my Father in law for another man, Father in law is currently living in the family home which is on the market to sell. There is a lack of interest in the house and it is not looking like it will sell soon. Mother in law is saying that unless it sells soon, she will stop…
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Nationwide Morgage Payment Holiday
Hi all wondering if anyone can help? I have taken a morgage payment on my nationwide morgage before as a small stop gap solution which worked well at the time. I've just tried to do the same via the phone helpline only to be told that they have tightened up the process and that unless i give them a reason that corresponds…
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Cut our losses - new mortgage application?
Hi, we've had our full mortgage application in with a small building society for 4 weeks. There has been no movement, no instruction of survey etc. not even looked at our case. They keep apologising as they have a backlog of cases to assess due to releasing an excellent rate. But have been promising that our application…
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remortgage indemnity insurance
Hello, I am remortagaging and have been told by the legal firm I have to pay indemnity insurance to cover an area of land (about 8ft by 4ft) to ensure the new lender will have "Title Absolute" as I am only the proprietor (but have Title absolute on my house) Surely when I purchsed the property (5 yrs ago) the original…
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Exit fees
Hi all, When we incepted our mortgage in July this year, we took it out on a 2 year tracker mortgage. My IFA sent me an Email after we completed stating that he would basically be in touch in 2 years when the deal came to an end. My question is; if he re-mortgages with another lender, will we have to pay an exit fee?…
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your thoughts on best rate to go for please
Hi All, So, offer accepted on our new forever home, just need to decide which rate to take. Purchase price £205k Deposit £65k Borrow £140k 25 years. 2 year fix at 3.09% £670.47 p/m 5 year fix at 4.39% £769.45 p/m so £100 more for the 5 year fix......what to do.....?
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Removing Ex from mortgage/deeds
Can anyone offer any advice? Ex and I split nearly two years back. Both our names are on the mortgage but I've been paying it alone for year & half. I want to remove his name from either the mortgage or the deeds, basically to secure the house in only my name, for me and my two girls. Previous threads mention about the…
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Unfair Default Help!
Hello all we are new to your forum but desperatly need help! Ok so it all starts with a holiday in Australia were we where visiting friends. Whilst away my husband was expecting a payment from a recent job he had finished ( he is a self employed builder and has always had a good relationship with this client ). Anyhow, the…
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Mortgage and guarantor
Hi, My income situation is currently a bit rocky. I'm self employed but have only been so for a short amount of time, and business is not great. I do however have quite a lot of savings, enough for a substantial deposit on a property and then enough to cover mortgage payments for a good few years. Now, even though I can…
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Endowment.... surrender or keep
HI, Right apologies but i am very poor on all things financial hence writing on here. My husband and I have a joint mortgage with SLB, we have just come off a fixed deal and now on their SVR.... a whopping 5.5% However our house has dropped in value and the LTV is over 90% so no one else will even look at us. My husband…
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does been overdrawn affect my chances of a mortgage?
when i get paid bank take money back, but i used the overdraft again to manage on every month its not a lot just £600 every time my wages go in, bank take their money back, but i usually borrow it again to live off rest of month its always like this they take it back i borrow it again would this make any diff to my…
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ex is lying about the amount of benefits she gets on mortgage form
what do i do? do i keep quiet? i dont wish her no trouble she has altered dates of birth of kids so it looks like she gets more can she do this and get away with it? and is it wrong? the amount she is saying she gets is minimal eldest 2 are too olde to qualify now for ch ben but she saying there younger so she can still…
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Standard variable rate?
Hi, My 3yr fixed term (@6.1%) of my mortgage is due to come to an end within the next month or so, and I've been told my repayments could reduce a fair amount. I took a little look at my mortgage contract last night, to see if there were any figures I could use to calculate how much I'll be paying after the fixed term has…
