Mortgages & endowments

Discussion List

• Legal rights to matrimonial home

  When my husband and I bought the home we live in, he took out the mortgage in his sole name, as my credit was not as good as his and he got a better deal. What I didn't think about that at the time was what happens if we split up? We only married 4 years ago, but the marriage is waning due to his emotional abuse toward me…

• tracker or fixed

  Hi, advice and opinions please. Am coming to the end of 5yr fixed at 4.79%, Alliance & Leicester have told me I will go automatically on to a tracker as part of the original deal / product. The new tracker is currently 1.49% (0.99% above BoE base) , No tie in, No fee, Unlimited over payments, 0.99% above BoE base for term,…

• Can bank alter terms of mortgage??

  A few years back my wife used to work for RBS and we arranged a staff mortgage at a very good rate. After she left we expected to be contacted about the mortgage but never were, as this was maybe 5 years ago and we are now looking at other options can they now say as she was not staff we were not allowed the staff rate,…

• Best Buy to Let Company & Rates

  Any tips or experiences on the best place to go for a buy to let mortgage? Axel

• I'm Overpaying 'Big' On My Mortgage But Also Have Debt, Advice Please

  I have a great rate on my mortgage as interest rates stand and am paying 0.17 above BBR for life. I am over paying by about £400 and in doing so reduced the term from 10 down to 7 years, but ................... I have a loan which I need to pay £140 a month for the next 5 years, doubled with the fact that I now need to…

• Changing job - still get mortgage?

  Hi Thinking of selling and buying bigger place but was wondering if you need to show so many wage slips from your job. My husband is changing employers in a month - would this matter? Some hazy memory from when I bought was I needed to show 3 months slips and my contract.....would it matter if from different ones? Anyone…

• A quick solicitors questions..

  How much would it cost (or should it cost) for a Solicitor to draw up a Declaration of Trust between myself and my partner. And am i rite in thinking this would be used in a situation where one party would supply the whole deposit and solicitors fees, but there are two people on the mortgage. Thanks in advance for any help!

• need to remortgage soon

  -mortgage: 101k -property: 2 bedroom leasehold maisonette, lease 69 years remaining -property value: 140k -current mortgage: residential 5 year fixed, 4.89%, £660/month repayment, buy to let consent income £18662 a year i plan to carry on renting the property out as its recieving £790 rent a month just wondered how…

• How do I know if a broker is reputable?

  Am so new to this mortgage game! I need to get my first mortgage but I don't know where to begin......:eek: I am not a first time buyer as such as I already own half of my property (inheritance) and am just buying the other half. Have searched for a mortgage broker and think I have found one locally but how do I know if…

• Big deposit, few defaults, will i get a mortgage ??

  Hello all, This is actually advice for a freind who's recently lost his Dad, he lived with his Dad and is still currently living there, other siblings would prefer to have my freind to continue living there but unfortunately can't get a mortgage (his sister) although my freind hasn't actually tried for a mortgage for the…

• Helping parent with mortgage.

  My parents took out an interest only mortgage (£70000) about 5 years ago in full knowledge that the debt would not be repaid before death. :mad: My father passed away about 2 years ago and so my Mum has been left with the interest only payments (can't remember exactly how much per month but it does seem high). The tie in…

• Advice needed on timing for mortgage company

  Apologies for the saga but we are in a bit of a quandry and if anyone can make suggestions or has "been there, done that" maybe they can help. :think: We're buying two semis in one building with the idea of reverting them back to one property, doing a complete renovation and also extending. "One" is derelict at present and…

• First time buyer- advice needed please!

  Hi everyone, I'm a first time buyer & I have recently had my offer accepted on a house. I've been looking at last minute mortgage offers just to see if I could beat the deal I found originally & the top two that have come up (through mortgage brokers) are;- 3yr fixed rate at 4.84% & 5yr fixed rate at 4.99% I found out…

• bank of england base rate forecast?

  Hello All, Any suggestion about the bank of england base rate forecast for next few years. I am thinking about remortgage for fix or tracker? Thanks

• Sisters to share mortgage

  Help!! A house has recently become available for my daughters to purchase for about £160K. They have no deposit so the bank of mum and dad are going to remortgage to the sum of £32K (20%), leaving them to find the remaining £128K (80%). How do they go about this? Do they have to get a separate mortgage for £64K (40%) each?…

• Complete amateur seeks advice and opinions!

  Hi guys, It's been ten years since I bought my flat and I'm looking to move. The problem is I know nothing, NOTHING about mortgages. When I bought my flat as a first-time buyer my dad organised someone to come visit me and I just nodded and said yes to some questions then signed a piece of paper. I've downloaded the…

• Halifax Remortgage - Anyone Just Done This?

  Hi I am coming up to remortgage with the Halifax in Dec, I have a tracker at the moment, and will probably go over to fixed. Has anyone else remortgaged with them recently, I have a interest only mortgage, are they still allowing them - I have a 75% LTV ratio.

• Remortgaging a Right to Buy property

  I'm 2 weeks away from completing on my Right to Buy house purchase. I've mortgaged with the Halifax who have allowed me to borrow more than the purchase price for home improvements but the monies are only released on the production of invoices to ensure the improvements are carried out to protect the Council's interest in…

• C & G Mortgage/ Endowmnet

  I currently have fixed rate till 2013 at 6.54% with ERC of 4% till Jun2011. £28,000 on Interest, £11,000 on repayment with term ending Apr 2016. Surrender value of endowment currently at £28,000 with shortfall predicted L10,400 M7,000 H2,700 Managed 2EL,with profits 3EL and with profits 3bEL. we pay £148. a month (it was…

• Help needed about suspension balance

  We are due to complete our 25yr mortgage with the bradford&Bingley BS and have had a letter that tells us they need to keep £100 suspension balance because we have another home loan with them that completes it 25yrs in about 6 yrs time. Are they allowed to do this? We are due to pay a shortfall of a few thousand but have…