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Advice Needed
Hi Guys I am looking for a bit of advice on buying a new build home. I have currently got no current defaults on my file but i have two CCJs one which is paid and the other i am paying off monthly. I have approx £20k i equity in the house and will use this as deposit for the new build. Is it more difficult to get a…
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Need advice
Hi I am looking for some advice really.We have bought a house a few mon ths ago cash to do up and live in as a family home.We thought we had enough to finish the works but true to form it has run over and we now need to raise some cash to finish it.The house is 'worth' 300k imo although they go for 330 plus in this street…
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Need to rob the bank
To get the extra £50k ......... 2 EAs had recently valued our house at £315k and £325k. We have good credit record, never defaulted and only have credit card debt of £2k. I went to HSBC for remortgaged loan of £120k. The bank said the maximum loan we could get is £70k because DH's salary is £42k, exclude £3k bonus. I told…
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Mortgage Insurance
I was wondering if you could claim back the PPI we have been paying on our mortgage. Its with the Halifax and we,ve been paying it for over 10 years We would be grateful for any advice.
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buying a house after dad's death
Hi all, This is me just thinking aloud so bear with me! My husband's father died unexpectedly a year and a half ago and at the time his mum said that she would be in a position once she had sorted her own finances out, to help us buy our next house. This next house would be to a more expensive area (nearer to her) and to a…
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Mortgage application advice
Hi We're first time buyers and after several months house hunting and saving for a deposit my other halves nan gave us 15k for a deposit. However because my take home pay is 25% salary and 75% commission, my father is acting as guarantor for us, despite having a joint income of 62k pa. Anyway the mortgage company have done…
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Mortgage payments on death.
If a couple have a mortgage in both their names and one of them dies, is the remaining person responsible for completing payments? Should it be the wife has the mortgage in her name and she dies, is the outstanding amount written off?
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Student loan as part of Deposit
I received £14k~ from the student loan company that I put in to savings accounts rather than spending. This money accounts for half of my deposit. Will mortgage lenders disregard this £14k because I still owe the student loan company £13k~? Or will they see it as a good thing because the amount I pay each much is…
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What happens to your mortage if you have to rent?
We have an existing mortage with C&G and will be adding to it by 20k but as we sold our house a while ago and have not found anywhere to suit us yet, it's looking likely that we will have to rent for a few months. Can someone tell us what happens to our mortgage agreement? Will it just be put on hold for a while or will we…
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Save more or mortgage overpayment
Hi Guys, I came off a fixed rate 2 year deal 3 months ago. With that my monthly mortgage payments dropped by £200 a month. Up till now I've just added that money to my savings. However my current LTV based on current value is at 83%. So should I really focus on getting this LTV number down? So I can get a better deal when…
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FTB - Mortage offer
Hi all what are you guys doing, playing it safe with a fixed rate or taking advantage of the variable rate at the mo? i have been offered a 5 yr fix at 4.09, does this sound good to you? thanks in advance
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repossession Order
I have a court hearing on Tuesday as my mortgage company want to take possession of the property.I made an arrangement to pay through there solicitor and they never took payment and said they never recieved my D/D mandate back. As soon as they informed me I called them and made the payment (they where not keen to take it)…
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Mortgage Help/ Credit Report
Hi All I am in the process of buying my flat I have been living in for 6 years. It is a council property and so I am applying for the Right To Buy. This means I *should* get quiite a good discount off the actual value of the property, which in turn means I should actually be able to get on the property ladder. Long and…
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mortgage endowment question
I have two endowments one finishes a year before the other. What do I need to do? Would I be better receiving it and putting it in an ISA for one year? or extending the endowment for another year?
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HSBC won`t let you add redemption penalty to your mortgage
Hi, If your going to be applying for a HSBC mortgage and you have a redemption penalty to pay from your current mortgage provider, unless you can pay the penalty in cash you WILL NOT be allowed to add it to your mortgage with HSBC. We went to apply for one of their products today only to be told that they wouldnt add the…
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Life assurance for mortgage.
My wife and I have just taken out a mortgage and the broker is also trying to push life assurance, giving some "light" scare tactics of what if's. The facts are that the mortgage is less than half of my wife's salary and only a 3rd of mine, so we could pay it 5 times over while we are still working. We are in our mid 20's,…
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Mortgage application
I am moving house and cannot transfer my very small £25k mortgage to the new house, instead I have to start a new one. I am shopping around for a better deal and they have asked for the last 3 months bank statements. I play online bingo so could I be refused a mortgage based on this activity on my statement? I do not go…
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Confused!
Hi, My 5 year fixed rate ends 31st decemeber, Nationwide have sent me a letter to say i have to either take up a new deal or do nothing and it will revert to a variable rate. Underneath is says mortgage products reserved before April 2009 will revert to the BMR which looking at their site is 2.50% and guaranteed not to be…
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Can't remortgage but want to move
Hello, I am on a fixed deal ending 1st October 2011. The mortgage is not portable. I need to move (baby on the way) but cannot afford the exit charges. I am thinking of arranging a remortgage in July and putting house on market at the same. I'm hoping that by the time the house sells and all the legal work is done it will…
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mortgage and pregnancy
hi We are planning to buy our first home in next 6-8 months or so. We will contact banks for mortgage in 3-4 months time. We may be expecting a baby on the way when we decide to buy. how does this affect the mortgage, as banks would see that OH would be on maternity leave. OH has permanent job. will we get mortgage based…
