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Advice needed on awkward remortgage/transfer situation..
I'll try to condense it as much as poss as its a bit long winded. But the jist of it is, I've been divorced for a year, but my ex hb is still on my mortgage. The lender wont transfer it into my name alone as I have no 'proper' job. (despite my having paid it solely on my own for the past 8 years.) so I'm at a total loss as…
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Are we getting our hopes up?
Im a little concerned that we are getting our hopes up prematurely and infact have no hope of getting a mortgage. Currently I have a home, which I have paid of 5.5% so far (had 100% mortgage) but it has risen in price as it was in a poor state when purchased. I am getting a valuation but the equity should mean we have…
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Calculating mortgage overpayment - reducing monthly payment
Hi there, Just signed on for a 30 yr mortgage and have a 10 yr fixed repayment with Yorkshire at the moment. My wife and I plan to start a family in the next few years and of course she will be on maternity leave and then part time. The mortgage though is affordable on just my salary. In the couple of years before we try…
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Our Solicitors...
What a nightmare they have been from start to finish. If we wasn't so far along the process we would certainly be shopping around. It feels as though everything is just too much trouble for them and we're an inconvenience to their day. You really wouldn't think that we're paying them the best part of £1000 for this…
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should i or should i not?!
i have a tracker mortgage with a drawdown facility which means i can obtain the sum of £70k just by writing a cheque, no questions asked. while the bank rate is .5% my mortgage rate is 1.5%. should i use the money to buy my brothers cottage which he is desperate to sell (in a lot of debt)? i could probably buy it a little…
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Remortgage advice
I've got 5 months left on my mortgage untill the fix rate ends. Ive got about 48k left on my mortgage and my house is worth about 160k. Im thinking of borring 20k to 30k extra to build an extension. What is the best way to do this, i need to keep my payments to a min ideally.
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90% LTV Mortgages on new builds?
Hi, Am just starting to toy with the idea of moving and have seen a newly built house we like. Only problem is that we would have to have a 90%LTV mortgage but from the research I've been doing it seems lots of lenders won't consider the property at 90% as it's a new build. Is this the case or is just flats? Thx
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Any recommended brokers for mortgage in Scotland
Hi. Can anyone recommend a good broker (must be whole of market) to help me find a mortgage for a house purchase in Scotland? Currently living in Edinburgh but looking to move to Inverness if that helps... Key points: - buy price between £200,000 and £275,000 - LTV between 50% and 65% - any mortgage type considered…
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Mortgage Advice - Early Repayment
I have a a potential seller for my second house lined up for around the 100,000 mark. I have 57000 outstanding on mortgage. If I sell the house before Feb 28 2011 I have to pay 5% early repayment charge and another small fee which comes to around 3000. Is it possible to sell a house now and continue making mortgage…
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Mortgage Valuation Problems
Hi all, In the process of buying our first house. Had our offer accepted of £135k. Post Office are providing the mortgage. We have passed the Credit Checks ect ect. + 10% Deposit. Had a phone call today to say they have valued the house in its current condition at £135k, but they are concerned with regards to how much work…
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Help needed
Hi, I have just won a large amount - amazing!! And it has put me in an interesting situation. What to do?! 1st step - pay off credit cards 2nd step - what to do with rest? I have mortgage but can only pay off 10% early without charges ... leaving me with a substantial amount to sort out. Do I pay off that 10% and put rest…
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New Build Shared Equity Mortgage
Hi My partner and I have been to view a new build property with persimmon homes who would allow us to buy the property using there helping hand (shared equity scheme) the cost of the house is £171000 they would provide 15% and we need to provide a further 5% our incomes are £33,535 and £11,000, can anyone give me some…
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Helping an old neighbours son
DH got asked over weekend by an old neighbour for some advice or suggestions and wrote this Neighbours Son 30's something living at home, works for same state owned company for 13 years, suffers from epilepsy and has in the past been persuaded to take out loans etc and chucked it into fruit machines, as a result his mum…
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Can't find a lender
I really need advise on finding a mortgage. Its a joint mortgage. we have £12500 saved up. The property we want is £109995. The vendor has agreed to pay 5% gift deposit or accept 5% lower asking price. The problem is i have 2 CCJs relating to 2005 and 2006. These seem to be the only stumbling block. Any help?.....
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Halifax back out
Halifax pulled out of lending us the money to buy a house after instructing a valuer and us having contracts ready to exchange. Do i have any gounds to re-claim tha valuation fee?
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Morgage
Is it is possiable to get a morgage when you have not been in full time employment for three years? I want to go to college to study full time but my boyfriend wants to buy and sell houses as a living and he says that without being in full time employment I cant get a morgage. Sorry if i sound really dim! But I have only…
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Mature Medical Student Mortgage Options.......
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Advice plz...Deposit for new mortgage
Hi all, Me and my wife are looking to buy our first home. There is little chance of us being able to save a deposit as this could take years. My parents have decided to sell up and have offered the house to us. Being the great parents they are, they have agreed that they would pay the deposit for us. My question is, is…
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I am complicated lookinng for a mortgage with a good credit rating
Hi all, I am currently trying to buy a new place with my fiance, and just about every part of our situation is complicated! 1. I currently own and am living in a flat in central London, which has a mgge on, and i wish to keep it and let it out, when i move out (the bank has agreed to let me do so). 2. I have cash for about…
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Only 1 person on mortgage covered by ppi
Hi there, My ex and I took out a mortgage with GEM over 3 years ago, we only got the mortgage on our joint earnings which he earned £27k and myself £22k, I became unemployed in May 2009 and I am not covered by the PPI, why is this because GEM won't tell me just that only my partner is covered as he is the main name on the…
