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Mortgage advice.
I am looking for some advice please. After being unemployed for quite a considerable amount of time and sticking my head in the sand too long I have got behind on my mortgage payments. It went to court around two months ago and a fee of £550 a month was agreed. This included the mortgage and debt accrued. (payback aprox 90…
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How can we bail out our son?
I have trawled through the last couple of months threads on this forum but cannot quite find a similar scenario, so please bear with my query if it has been answered before. Our son and wife have separated, no children. They purchased a house in 2009, joint mortgage. Wife stopped her contributions to the mortgage about…
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do i inherit debt
hi can anybody clarify..my poor mum passed on in jan of this year , and although there was no will and myself and 2 siblings were the immediate family , so after probate was granted we decided to sell my mums flat, to date we have not been able to sell it desoite cleaning/painting/carpeting etc and now we are having to pay…
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mortgage company rights to change mortgage from endowment to repayment
Can anyone help? We paid our mortgage for approx 6 years when we fell in arrears with our mortgage payments. We had an endowment mortagage at the time. We went to court, but the judge posponned it as our figures didn't tally with mortgage company The judge told the mortgage company to return with the right figures or they…
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Mortgages for over 70's?
My dad was offered a re-mortgage at the age of 71, is this legal?
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BTL mortgage advice please.
Hi I am thinking about purchasing another property but I dont want to invest all of my money into it. Is there a way to get a BTL without having to put down a 25%-40% deposit. Thanks
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Mortgage Lender won't let me register a business at my home address
Hi, I hope this is the right forum to be posting this in. I have an Alliance & Leicester mortgage on my home. I want to set up my own software development company, and it'll mainly be me working on my laptop at home (which I do anyways). No clients would visit, no conversion of any rooms to an office, so no practical…
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BTL mortgage question
Hi all, I have a query as to whether mine and my gf's plan will work as i do not know the rules around BTL and current attitude to lending on such products by the mainstream lenders. Currently we are in the process of buying the flat we have rented for 1 year. We originally intended to rent until we found somewhere to buy…
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Offset mortgage - offset or pay capital?
Hello I have offset mortgage and loving being able to pay down balance with any spare cash I have. Currently offsetting about a third. It is fairly small mortgage. Does it make any difference financially if you offset or pay down capital? If mortgage was £40k and you offset £20k would that be any different to paying off…
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Tyler Mortgage Managment - any good?
First time buyer here, went to a FTB show on the weekend and saw an independant mortgage broker/advisor. Seems ok but just wonder if they are any good? I know Martin has said to go to independant mortgage advisors rather then the banks so I think it's a good step but you know don't know really. Thanks
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Mortgage Advice Please.
Hi everyone. We are looking for a bit of advice with regards to a mortgage. application. We own 2 houses currently, one was our home that we have rented out due to a relocation( house 1), and the second is a rental for my wife's pension fund (house 2). We're currently in rented property and are looking to buy after working…
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Endowment
I bought a second hand endowment policy with my Brother. I thought it was taken over in both our names but I recently found out that it was just in his name and I have paid my share of the premiums to him for about 20 years. It is due to mature in May 2012 and he says I will be liable to pay tax on my share when he pays it…
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Refurbishment Mortgage
Hello, Can someone tell me if it's possible to take a mortgage out on a house that's worth perhaps 10 grand more than the property value and to spend that 10 grand on, for example - a New kitchen/Bathroom or other general updates. Cheers, Andy
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Ex has run up arrears and repo is iminent
Ok I'm posting this on behalf of my partner who is going to hell and back with her ex over their former home. The history is like this... She left with the kids about 2 years ago for reasons I won't go into here. Mortgage was taken in both names, but he never allowed her to know what was going on with it or the general…
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Income multiplier query
Hi all, any advice greatfully received. After 10 or so years I am now debt free, paid off a CCJ and this has dropped off credit file. The file is very healthy showing no missed payments in last 5 years and even my credit card keeps upping my limit so must be doing something right!! There is a nominal balance on it at the…
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Break-up with difficult ex - joint mortgage and property
Hi, I am in somewhat of a sticky situation and was hoping if some of you may be able to offer some advice, or if indeed you have been through a similar situation (god forbid!). About a year ago, I bought a property together with my now Ex. She paid deposit (30%) and stamp duty, and I piled in about 12k in renovations. We…
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elderly father took out large mortgage before dying
Hi My father died at 69 leaving a house worth possibly £400k. I hadn't been in touch with him for some years and was surprised that two years previously, when he was 67 and probably suffering with dementia, he took out a £200k mortgage which fell into arrears when he was hospitalised a year before he died. I've been…
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Non resident remortgage options
Hi I'm about to leave UK for a foreign assignment from my work on 31st Oct. This is expected for a duration of 2 or 3years. I'm UK citizen and resident till date. I own a house in UK, mortgaged with nationalised bank Bradford and Bingley. During my foreign travel I will rent out my house to cover the mortgage costs. I have…
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FTB - No job can we get Buy To Let with 25% Deposit?
My girlfriend is on maternity leave and instead of returning to her job next year is planning on starting her own business so she can spend more time with the baby. We want to buy our own home and have £30k but realise we wont be able to get a normal mortgage, her only income being maternity pay and me being self employed…
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Mortgage Agreement Delays - Halifax
Hi, first time poster looking for some advice. I first applied with for a mortgage through Countrywide Mortgage Services, who I believe operate from a panel of lenders at the beginning of July and they recommended Halifax (who incidentally offered the AiP). The problems started when we found out I had a defaulted account…
