Mortgages & endowments

Discussion List

• Mortgage worries

  Hi All, Did post this in house buying and was kindly advised may be better placed here...... Hi All, I may be worrying over nothing, or having valid worries...either way wanted to gather some opinion if possible here! I am buyer a house and porting over my existing mortgage (aprox 85k left) at a very good variable rate for…

• time for a lifestyle change?

  I'm facing redundancy at 55 and we're thinking of selling our house on which we have quite a small mortgage and moving to a cheaper part of the country. We then want to buy a smaller house with some holiday lets and run that as a business - and we'll continue to work part time to give us some additional, regular income.…

• Fixed rate or not?

  Hi, we are moving home and have an option to port our existing mortgage with Nationwide. It was a fixed rate mortgage at 4.88% taken out in 2006; we have 6 years left on this product. Alternatively we could pay the ERC [£2200 ish] and take out a variable rate mortgage, currently at 2.5% ish. I know in the short term we…

• gift deposit for house after seperation

  Hi All, I just want to see if im entitled to receive half the deposit after me and my wifes separation. We both bought the house 4 years ago and the deposit was a gift from her father. i have now learnt he had sent a letter stateing it was a gift to her alone. when we both bought the place it needed lots of work which was…

• mortgage for those with marks on Credit file

  hi there i am a first time buyer and my mortgage broker is telling me i an 'un-morgageable', as i have a missed payment (with my credit card) on my credit file in may 2010. i also have something on my credit file file from 2005 which is due to be removed in March 2011, but i dont want to wait that long. i was wondering if…

• Buy To Let Offset Mortgage?

  Is there such as product as a buy to let offset mortgage?

• What now ?

  Have completed my application for the Halifax last Thursday got the survey done on Monday which i have received today all fine (phew) what happens now ? When should i anticipate getting an offer ? My salary is 11,500 partners is 24,00 borrowing 144,250 no debts have sent in wage slips & bank statements last 3 months will…

• Northern Rock Mortgage advice please.

  My partner and I bought a house 5 years ago and we took out a Northern Rock Mortgage as we also needed an unsecured loan to pay off some debts. We now owe just over £88000 on the mortgage and £25000 on the loan. Our fixed rate has just finished and the rate has dropped so we're a little better off but obviously this is…

• Mortgage / Credit Card

  It just dawned on me. Since lloyds TSB dont recalculate the interest on my mortgage till year end I may as well keep my overpayments in a savings account till March and then pay it all at once. But what if in March I pay off 4/5K of my mortgage with a 0% on purchases credit card? American Express even give me 5% cashback!…

• Trying again with the same provider?

  If a Bank declines an application for a remortgage, and one decides to reapply and amend a previous application by increasing deposit or releasing less equity etc, I am curious as to whether: * A new credit check would be required? * Whether amending an application by any of the above examples can be effective? I…

• Mortgage Declined - help

  Hi – our porting mortgage has been declined (although we have now managed to get it referred back to the underwriter). They have an issue on how my husband is being paid. He is a partner in an LLP so doesn’t get wage slips for all his earnings although we provided bank statements of the money going into his account. They…

• Once application for a remortgage is submitted

  How long are various banks currently taking to confirm the decision of the underwriter? Keen to hear recent experiences of others. I applied two days ago and have been informed it could be up to three weeks!

• additional borrowing on mortgage advice!

  Hi there, Hoping I can get some advice! My five year fixed rate with the Halifax has just come to an end so I have moved onto the variable rate at 3.5% for two years which is fine. However I want some additional borrowing of £20k but Halifax have only offered me 5.9% tracker for 2 years. Does this then move down to a…

• Northern Rock 100% mortgage/Negative Equity, needing to move on, advice please.

  Hi everyone I am new to this forum but would like to ask for a little help and advice. Just a bit of back ground info. Myself and my husband purchased a one bedroom flat in January 2007 valued at £78,000 we had another £12,000 unsecured loan added to considate our debt. The total of £90,000 (100% no deposit) mortgage was…

• Sole mortgage but with partner's salary considered??

  Hi everyone! My partner & I would love to buy our first house together and have seen a lovely place for £172k. However... My partner is due to go bankrupt in the next few months (legacy of an ex-wife on benefits with expensive habits, but that's another story), so we can only apply for a mortgage in my name only. I have a…

• Right to buy mortgage

  Hi, I'm new to this forum and was hoping someone could help me. My parents live in a council house and I would very much like to purchase it for them. They both have the right to buy the property and they are currently paying rent to the council. Is there anyway I can get a mortgage on their behalf? I have searched online…

• Taking over my deceased father's mortgage - help needed please

  Hello, I'm writing on behalf of my partner and we could really do with some advice please. His father passed away suddenly in December 2009, leaving a will. My partner is the sole executor and beneficiary of the will. We have a solicitor dealing with the monetary side of the estate as it is all very confusing for us. I…

• Selling off some of my garden

  Hi does anyone know if i have to inform my mortgage company if i sell a small area of my garden to a neighbour?

• Remortgage or equity release? Confused.

  I'm looking for some advice. At 57 yrs old and owning a house valued at around £250,000 in the UK, with no mortgage. I'd like to get a 'loan' of around £45,000 to put towards the purchase of a holiday home abroad. The total cost of this property will be £100,000 and I already have an appartment over there valued at £55,000…

• HSBC 1.69% repayment vs First Direct Offset BBR Tracker

  Can someone help me before my head explodes? I have a horrible rate with my existing vendor and am looking to remortgage. I have spoken with both HSBC and FD and have an approval in principle coming in the post and I can't select between the two. HSBC are offering 1.69% + BBR so 2.19% on a repayment mortgage while FD have…