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Am I ripping myself off?
I've got my house sold for £219k. I have an interest only mortgage at 6% that will end in May 2012 and I owe £95k with £485 as each monthly repayment. I also have an ERC of £4300. Now the way I see it is, that if is see out the end of my current mortgage term, I'll end up paying 19 x £485 which equals £9215. None of that…
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Yorkshire Bank Mortgage
Hi, We're in the process of arranging a mortgage with Yorkshire Bank. We have nearly finalised the offer, we just need to arrange buildings and contents cover, and we want to take out life insurance. My question is, we have had quotes from the Bank, but also found (cheaper) quotes on our own. Do we have to go with the…
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FTB Mortgage Pickle
Hi guys, I shall explain our pickle! We sought the advice of a mortgage advisor at the start of August 2010 to see if we'd be OK for a mortgage, what with us being FTBs. It's a joint application (me and the girlfriend - both 999 Experian credit scores), joint income of £43K, 10% deposit (£17K), money there for fees e.t.c..…
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Is this normal?
Hi all, Well the time is finally here! The contracts have been written up and are ready to sign for our first ever purchase!! I have been told the vendors have signed theirs and have sent it back to their solicitor ( they have moved to Oz ). My solicitor told me I would have to go in to sign our contract sometime next…
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NBS Overtime Guaranteed or not guaranteed
ive read on here, that the NBS take into account 50% of overtime. My kind employer has written the reference they require, and calculated my average overtime over the last 6 months, but for some reason unbeknown to me! decided to write next to it "non guaranteed" My broker seems to think this will be ok, but im !!!!!!!!…
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Get ex's name off mortgage with bad credit?
My ex and I have split up and we have agreed to take her name off the mortgage as she has stopped paying and moved out. Is there a simple way to do this? I cannot remortgage as a single mortgage holder due to affordability criteria but can afford to pay the repayments she was paying - it seems to be purely that on paper…
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Ftb
Hi I wonder if anyone can help us please? My partner and I are currently renting as we couldn't save for a mortgage due to large debts that are thankfully paid off. We have 12k deposit (so far) and earn a joint income of £80k exc bonus. Our rent is due for renewal in may - do you think we stand a chance of getting a…
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What to do with my mortgage?
Hi all I'm hoping for a bit of advice. I've lived in my flat for five years, currently coming to the end (in 6 weeks time) of my 3 years fixed mortgage, and am due to then go onto the SVR (currently 4.74% - substantially better than the fixed rate I was stuck on) I've just been offered, and have accepted, a job in Canada…
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Tax credits and mortgage applications....
Hello I've read on here (though the posts are quite old) that tax credits can be counted along with normal earnings when applying for a mortgage. I was also told that Halifax definitely do this, so I went into my local branch and popped the question. I was supposed to be telephoned last Monday with a response to my query,…
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On My Own with Credit Problems
:( I just wondered if anyone can help? I am a new single mum with 2 children, i have recently split from my husband (who has remained in the marital home) and i am looking to get a little mortgage for myself. I am looking at 80k houses with a deposit of 20k, the problem being my credit scoring is awful. I am on a debt…
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Will we ever be accepted for a mortgage?
Hi Im pretty clueless about Mortgages and would like some advice. in a few months my partner and i will be moving in to a property owned by my parents. The propery is worth around £140k and we would like to get a mortgage for £100k to buy it from them (the additional £40 that that property is worth would be a "gifted"…
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Switching to a buy to let mortgage
I have a property which is up for sale and after being on the market for 4 months, has had no viewings. I've redecorated it, dropped the price below other similar houses but nothing.... It is empty as I have moved in with my partner so I'm now considering renting it out. TBH I really didn't want to do this but I can't keep…
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Pay Off Interest Only or Repayment Part Of Mortgage First?
Currently I have a part Interest only and part repayment mortgage roughly £60,000 and £50,000 respectively, I'm overpaying each month by about 50% (£1200 to £800) on a Tracker Mortgage that has currently a 2% interest rate (0.1% over base rate but minimum of 2%). There is about 4 years to run on the mortgage with the…
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Can I request a list of charges which have been made on my Endowment
Twenty four years ago I bought a twenty-five year 76k with profits Endowment with Scottish Amicable to cover a mortgage I had taken out. At the time they were a recommended company which seemed to be doing reasonably well. The seller advised me verbally to take out a with profits policy because that way 'I would receive a…
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Repossession - How does it affect me?
I have a small property portfolio that has been effected by crap and frankly "pond life" tennants and now i am well behind on mortgage payments and they are going to reposses 2 of my properties. How does this effect me and how do i get out of it !
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Mortgage help required/ split with OH
Hi all I have posted a similar thread on the child support thread but it may be better to do it here? sorry If I ramble, in a nutshell this is my problem, I split from my OH after 23 years for many things however one of the main things was that he destroyed our joint finances to such a degree that he petitioned for his own…
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What to do pay it up or not
Hi All Sorry if this is a daft question We have a morgage which will have 3 years to run from Dec 1st (repayment) when we come out of our deal we also have a old endowment which we froze when we went to repayment its worth £17,857.06 and would pay off what we owe the endowment has gone up aprox £700 in the last 6 months we…
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Clydesdale Bank Mortgage Experiences?
I am currently in the process of being approved for a FTB mortgage through Clydesdale bank. Just wondering if anyone has used them in the past? I have been very unimpressed with my adviser (sadly I am tied in due to the lack of 95% deals in the market) who has ignored calls, gone off on holiday without any communication,…
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House that isn't mortgagable
Hi, My partner and i looked at a house yesterday that needs work done on it. It is a reposession where the kitchen and bolier were taken away. The estate agents tell us that as a result (because of no running water/no sink/no boiler) the house can not get a mortgage. can anyone explain this to me, and let me know what the…
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Mortgage question...
Hi all Can you help? My friend has just split up with her partner, they have held a mortgage together for 4 years, which the partner paid. My friend paid all the household bill and the food. The partner has moved out, but can anyone tell me if the partner is still responsible for the mortgage payments, now she has left? Or…
