-
Married - Sole Mortgage Application
Hello, Looking for some advice on whether this sccenario is possible. I am selling my flat at the moment, and have recently obtained my credit report and discovered that I have a recent default of £970 registered in Feb 10. My wife has a good credit score, and as a result of this we would like to apply for a mortgage in…
-
Moving home & transferring the mortgage.
Sorry this is a bit of a long story to get all the details in, so please bear with me. My wife and I currently live in quite a small house in a fairly expensive area with our 2 year old and 2 month old. As we have just had our second child we have decided it is time to move to a bigger house in a less expensive area at the…
-
Partners contribution as income?
Hi there, I have a mortgage on my property, which has always been in my name. My partner lives with me and we split everything 50/50. I have been thinking about remortgaging, but due to adverse credit in the last few years, I don't think adding my partner to the mortgage would be an option. If I apply as a sole applicant,…
-
MSE News - Nationwide: house prices down for second successive month
This is the discussion thread for the following MSE News Story: "The 0.9% August drop signals the first time prices have dipped for consecutive months since February 2009 ..." Read the full story: Nationwide: house prices down for second successive month
-
Debt management
Hi, I have a mortgage of about £67,000 on a 5 year fixed rate at 5.63% - I have 3 years to go. I have recently bought a car on hire purchace over 5 years at 315 per month. I have been making over payments to my mortgage provider for a few years and have over £5000 in the pot. To reduce the monthly payements and to afford…
-
Buying Part of A Property for Parent
My mother and step-father currently live abroad and are looking to move back closer to family (me) as they move into old age and my step-fathers health is in decline. They are looking to sell the property they have and buy something nearby, I would like to help them out by buying a portion of the new house to allow them to…
-
Key Facts vs. Loan Offer - What interest rate should I pay after fixed deal
The 5-year fixed rate on my mortgage comes to an end on 31st July 2011. I was reading through my paperwork last night and have noticed a discrepancy in between the Key Facts and the Loan Offer itself. The Offer states that from 1st August 2011, the interest rate will be variable, guaranteed to be less than the Standard…
-
transfer of equity 1:2
Hi my father wants to transfer the equity of his property I assume 50% to me as a gift and protect assets. I am in India and he will come over soon, where can we get this done when abroad? Also how will this affect me adn my finances or when I wish to purchase a home in the future?
-
Subsidence/underpinning needed on my flat - advice on mortgage / selling!! Help!!
Last week I unfortunately noticed a crack on an external wall of my flat. I spoke to the maintenance company that all the residents pay their monthly fee to and they sent out a surveyor. He's stated that the crack is quite serious subsidence that has been going on for some time. The wall has been repaired previously as…
-
Credit Search Quotation?? help please
hi, i applied for a mortgage through a broker and have gone through Leeds building society. on the 13th august i had an agreement in principal from the Leeds and they credit checked me that day. i had to pay them £199 for the full application which i did this saturday just gone (25/08). i've just checked me credit file…
-
Advice please - which mortgage account do i overpay on?
Hi - hope you can guide me in the right direction? I have 2 mortgage accounts with HSBC both at 2.99% interest. 1) is a £86,500 repayment mortgage with 16 years remaining. 2) is a £60,000 interest only mortgage with 16 years remaining. I'm paying approx £200 into equity ISA's each month which have approx £20k in them and…
-
New Borrowing - Advice appreciated
Hi We are moving home and need to borrow an additional £69000 to our existing mortgage balance of £62000 which is currently on a fixed rate of 4.24 until Dec 2011 but comes with an ERC of £2,600. The house we are purchasing is £155k and we plan to put 15% or 20% deposit down. Our existing lender has offered a fixed rate of…
-
Adviced needs on transfer of equity
Hi, I could do with some advice please. I brought a house about 18 months ago with my now ex partner. We have a joint mortgage on a 'Dream Start' deal from Barratt Homes. basically we have a loan from Barratts for 15% of the mortgage and a mortgage for 85% of the value. I previously had a flat that was in negative equity…
-
Mortgage help needed
Hi there, I have 2 defaults that are due to come off of my credit history next year and I am trying to sort myself out in order to secure a mortgage. I have bee offered a new job and I may need to change the way I get paid, it requires me to set up a limited company and pay myself minimum wage PAYE, and the rest of my…
-
2 year fixed rate deal ending?
Hi, We completed on our purchase of our first house in October 2008. Our first payment was made in November which was double our normal monthly payment. Are we right to believe that after 22 monthly payments our fixed rate should end and we should go onto the SVR? In our mortgage agreement it assumes our first monthly…
-
Interest only offset tracker for equity release
Do these exist? I've looked at HSBC and First Direct and they are reluctant to do interest only for equity release. No mortgage on house at the moment, only going to 40% LTV, will use the cash to buy a UK holiday home, and want to handle capital repayment on my own timescale. Barclays might come close (and allow ISA…
-
Sold my house...should I pay my secured loan & HP debt with equity?
Hi Guys I have just sold our house for the asking price and I'm considering paying off a secured loan and an HP agreement before I buy our next house. If I do pay them I will probably require a 90% or so mortgage on the new house. What would you do? I have 8 years left on both loans and it's costing me £1100 ish a month to…
-
Endowment
I am with London Life for my endowment when they sent the red letter they stated that they would give a price promise on my endowmwent of £850. I decided to claim for miss selling and received compensation. When my endowment matured the took off the price promise from the pay out. Are they allowed to do this? Peterd
-
To remortgage or not to remortgage?
I wonder if anyone can help, using plain and simple language (as I am a plain and simple person!). I currently have a repayment mortgage with Bank of Ireland. My last statement showed that I had £96768 outstanding (incl. a £4595.05 early repayment charge and a £195 mortgage release fee). My monthly repayment is £775.17 and…
-
remortgage advice
I need to raise 10,000 towards an extension on my property, I have been in touch with my current lender who I have used for the 6 yrs I have had the mortgage but they will only offer me a loan, I was just seeking advice on any other company I could use that maybe able to help? I do have around £70,000 equity in the…
