Mortgages & endowments

Discussion List

• Why is the amount we can borrow so low?

  We have a mortgage deal about to end in Dec with Northern Rock - have checked and can't be put on a new deal with them. we have a joint annual income of about £27,000.00, property worth about £95,000.00 and want to borrow about £61,000.00 - problem is all the websites i have been on won't lend us that much - some only…

• Fixed rate coming to an end advice needed

  My wife and I are currently on a fixed rate mortgage with HSBC which is coming to the end of its 3 Year term. A lot has changed in the last 3 years I lost my £20,000 a year job and now earn more like £15,000. We've had a baby and my wife is pregnant again she's a full time stay at home mum now. Our mortgage was the top end…

• Guarantor Mortgage help.

  My girlfriend is hoping to apply for a guarantor mortgage with her dad. She has 15% deposit. Does anyone have any experience or recommendations on who to possibly go with. We are looking at Nationwide and the Co-op at the moment. Thanks

• equity

  Hello to everyone this is going to be long here goes.I have a house at the moment with my partner.We have split up the house is in both our names and we owe 87500k on the house it is up for sale but at 88500.But we have had 2 viewings.the estate agent says we could get 85000k if we put the price down to that.And my partner…

• Mortgage help

  Ive been paying my mortgage on my own for 7 year since my partner left. I requested to have my partners name taken off the mortgage with his consent. I was knocked back because i do not earn enough even tho the house is worth 3 times the amount of the loan, and I have never missed a payment. ANY SUGGESTIONS PLEASE

• Anybody heard of "Longstop Completion Agreement" for distressed buy-to-let landlords?

  My friend owns a buy-to-let flat and although there are tenants, he has a cashflow problem due to other debts. He has therefore had the property on the market with an agent. Recently the agent contacted him because somebody is interested in buying the flat according to what is being called a "longstop completion"…

• re-Mortgage and term question

  Hi, i have a question concerning the above. We are currently looking at re-mortgaging to a better rate mortgage and have found one in the First Direct offering which is fixed for 2 years, because it is a lower rate than we currently pay it will enable us to make over payments, hopefully over the two years fixed, however my…

• fixed rate ending

  Hi, Was looking around at some other posts to see if my query would be answered cant find one similar. Reason for my thread is i bought my flat in oct 07 with a 103% mortgage (:() anyways, my mortgage was fixed rate for 3 years and was 6.89% so my mortgage rate after that fixed rate i have read on the paperword should be…

• Which Mortgage Protection should I get with Medical condition?

  Hello, Looking for some advice on mortgage/income protection. I am a single male, who has just been diagnosed with crohns disease. I am currently looking to buy my own house. Now I am very confused with all the different types of mortgage and income cover available, can someone explain the difference and their benefits? I…

• My Carrington Carr Home Finance experience

  I am looking to remortgage and release some equity for an extension. My wife went on Money Supermarket and had a look for some deals - then, on Monday, we got a call from Carrington Carr asking when would be good for an adviser to come round. My wife agreed to Wednesday at 8:30 - we were told that the we would get…

• Builders and bank cant agree

  We went to buy a new build house 8 weeks ago. We got a pretty good price, a long way off what the same houses were going for two years ago. We arranged the mortgage with Halifax ..The deal was shared equity .. i.e the builder put in 15% towards our deposit and we put in 10% it was approved and everything was going fine…

• Should I be worried?

  Have just changed the property we're buying - same mortgage deal. The lender (Abbey) have been a bit rubbish before, but this time wanted to see an up to date payslip for me. I thought this was reasonable as we originally applied for the mortgage in July and so the payslips they've seen are now quite old. They then wanted…

• deduction when applying for mortgage?

  I've just been for a mortgage quote and the customer advisor deducted our little ones nursery fees when working out how much we can borrow. Is this right? Many Thanks

• mortgage missold - what to do

  Hi Way back in 2006 I requested advice from a mortgage broker who found a suitable 3 year fix that I thought I signed up for. However when coming to remortgage (armed with my new money saving knoweledge) I have found that I am locked into a 5 year deal that is not on the original keyfacts document. The trouble is the…

• Remortgage help

  Hi there, I am wondering if anyone else is in a similar situation to me and has any helpful advice or suggestions... I bought my property 3 years ago with my brother, since then he has moved out and my partner has moved in. He has taken over my brothers half of the mortgage repayments, and we are now trying to buy my…

• Remortage help

  Hi there, I am wondering if anyone else is in a similar situation to me and has any helpful advice or suggestions... I bought my property 3 years ago with my brother, since then he has moved out and my partner has moved in. He has taken over my brothers half of the mortgage repayments, and we are now trying to buy my…

• Auction property mortgage

  Hi all I am new here and is very much appreciated if anyone of you out there can help me with problem below. I have decided to buy a repossessed property which is an unsold lot from auction house. Before tabling an offer I have went for legal document check and mortgage application to obtain Principle agreement. However…

• Looking for a good 85% LTV deal??

  For those who have read my previous posts, will know that ths is very very exciting time for me.... we have just agreed tomeet the sellers price on the house we were looking at and I am waiting to speak to my adviser, however in the mean time I wonder if any mortgage savvy peeps would like t advise :j Purchase price-…

• Bank Statements & betting sites

  Hi I was looking for some advice regarding the bank asking for statements from the last 3 months. I have these but there are quite a few deposits on betting sites. The majority of these are small and balance out with the withdraws. Will this affect the application. I have never been overdrawn and always had the money to…

• Best way to spend the house?

  My main questions are about Lifetime Mortgages. But first some background. I am 61, married, no children, early retired, and living in a mortgage-free house. Our spending is funded roughly 50% by some pensions, and the balance by savings and interest. More pensions switch in later. My detailed projections show that when we…