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How many years?
What is the maximum amount of years lenders will allow a mortgage to be paid over? We are thinking take it out over 35 years at first and then later on in life re-structure to lower the the amount of years we pay it over. We would also be overpaying by 2k each year when we get our annual bonus.
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Help we are in arrears with our mortgage
We are behind with our payment have always kept in contact with mortgage company, for the last few months we have been paying more than our monthly fee to try and pay some of it off. We have filed in a budget income and expenditure form and they are quering a loan of £345 that my husband had he needed this to get his…
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Have british gas messed up my mortgage chances/
Dear all, This is my first post on here. Looking for a bit of reassurance / advice! Myself and my partner are first time buyers making preparations for looking for a house. We have a 20% deposit for a £200 000 property and like the look of the post office mortgages. We have seen an independent mortgage advisor and he had…
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Positive Mortgage News
We are looking to move next year & I spoke to the bank's mortgage advisor as I had a couple of questions... We have a mortgage rate at the moment of 1.4% & I wanted to know if we could take this with us & could we take the full value of the mortgage had we not made any overpayments. Really positive we can take it with us &…
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Re-Mortgage?
Hi All, I want to know once your mortgage term over e.g. 3 years and in those 3 years you have been improving your 'adding value' how will this affect your mortgage when re-mortgaging? Many Thanks
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Self Employed Mortgages
My wife and I are existing customers with the Nationwide. I am employed and she is self employed (sole trader). We need to include her income in order to raise the income we need to move house. She has been self employed since December 2009. We went to see someone from the Nationwide today and they said they normally…
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Credit Card application after Mortgage Offer
My Mortgage just went to offer with all docs sent out today by Santander after a successful survey. Santander have been great and fast - 24 hours after the valuation and it's all done. I want to take out a 0% credit card to help pay for some goods for the house so I don't use any of my remaining savings after completion…
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Surrender Endowment Policy keep Life Cover Running?
I think the answer is No (!) but can't find anything concrete!! If I cash in my endowment with Aviva (was CGNU) is there anyway I can keep paying the life cover element of the policy? cheers
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Shared equity and payment holidays - help !!
Hi, We purchased a new property in May 2009 with a shared equity scheme from the builder. We took the mortgage out with Nationwide on the basis that it offered payment holidays as i am going to university to complete the teacher training course in Sept 2011. Nationwide are now saying that we are not eligibile for the…
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My partner has poor credit rating
I am stuck in a bit of a dilemma. My wife and I are looking to buy our first house but are considering hard whether apply for a mortgage together or for myself to go solo. The reason behind this is my wife's poor credit rating in comparison to mine. I would greatly appreciate any advise on the matter. The breakdown: Myself…
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Fixed rate mortgage offer...
I've been offered the following:* 2yrs @ 4.29% (3% early repayment charge - £199 fee) * 5yrs @ 5.29 (starts @ 5% rep charge then decreases 1% each yr - £199 fee) I'm not too familiar with the mrket or the future of it and so do not know which sounds best...Any help would be much appreciated.
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Lender's Data Protection duties
I had to call my bank yesterday in relation to my mortgage and had some problems getting through the usual security questions as the address I was giving was not the address listed. The address listed was actually a property which I had previously applied for a mortgage for but not completed. This was a few months before I…
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Interest payments - going back to work
Hi I am a single mum and have two sons. I currently receive interest payments for my mortgage from the DSS. I desperately want to get back to work, have completed and passed an Open University course and also had 15 months of voluntary experience in a school. The problem is, that teaching assistant jobs (which I'm looking…
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Porting existing mortgage ???
Can anyone tell me .... My partner has had a mortgage with Bank of Ireland (previously called Bristol & West) for the last 5 years, and had a mortgage of which he has never had a default since 1987. We are now looking to buy a house together (he is Widowed). Unfortunatly his credit report is showing a default for the month…
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Help re mortgage deal please
Hi I am on a tracker until August 2011, however would like to borrow some money against the equity in my property - looking to borrow 30k - have equity of 150k. Would I have to pay redemption penalty which is in my contract if I pay of early or what other costs might they charge me?? Or would it just be arrangement fee and…
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Mortgage app, credit record
Hello, I have just checked my credit file with Experian and all is correct but it is not showing a personal loan i hold with Lloyds TSB and alos not showing a closed credit card. Is there any reason these would not show? We are meeting a mortgage broker on Tuesday to discuss a FTB mortgage and just want all our facts…
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Early Repayment or Transfer.
Hi we have a mortgage with Santander but are looking to sell in the near future. The mortgage will still have a year to run on the existing deal, and I think has a 4% fee on amount owed to pay. We owe about £80k on it, will we be liable for ending early and how much, is it 4% of what we would pay over the remaining term or…
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Changing name on mortgage after marriage
Hi, my fianc! and myself want to get married next year. She bought a house before we were together and its all in her name. We want to keep the mortgage solely in her name, so is it simply a case of sending a marriage certificate to the mortgage company or do we need to do anything else? we don't want anything to change on…
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can someone help my mum and dad please?
this is a long one so please read and help if you can.. my parents bought a flat in the early 90's (endownment) and then in 1997 my mum bought a house and they both moved into it and my dad kept the original flat in his name and rented it out. He has now decided to sell it, trouble with tenants and he just wants rid of it,…
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found a lovely house but........
Well we have found a lovely house, totally affordable at just over 2.5 x joint income which is lovely. Rural location quiet village etc etc. But we have a problem, deposit!! Perhaps short sightedly we have been overpaying our current mortgage rather than saving so quite literally everything we have is tied into current…
