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Properties for residents over 55 y.o.
Hi Guys First of all a general question - whats the deal with the properties for residents over 55 y.o? Can they only be re-sold to over 55 y.o. buyers? Can they be given as a gift to other people? Second question - I live with my mum, we own a house on a 50/50 tennants in common basis. I am looking for a property but am…
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Mortgage Indemnity
Can anyone tell me what should happen if I paid out £600 for a mortgage indemnity for a second charge loan, but the loan was later bought by another company and the provider of the mortgage indemnity insurance declined cover. I know the mortgage indemnity does not cover me, it covers the lender, but what about the £600 I…
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MSE News: House asking prices dive by 3.2%
This is the discussion thread for the following MSE News Story: "Sellers knocked nearly £7,500 off their asking prices during the past month as the market continued to stagnate ..." Read the full story: House asking prices dive by 3.2%
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Overpayments on Interest only mortgage
Hi; I'M currently taking advantage of the low interest rate by overpaying on an interest only mortgage. After 3 years of a fixed 6%, we are now into our 2nd year of a +2% base tracker. But in all honesty apart from the advantage of 'getting ahead of the payments, with the chance of 'payment holidays', I am a little…
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Impatient FTB
OH applied for a Lloyds TSB Mortgage on Tuesday 9th. How long do they normally take to actually give us the mortgage? (yes I know piece of string, but roughly) Also should we get in contact with the Lloyds Financial Advisor and pester him? or does it not work like that? We're wanting to complete before Christmas (2…
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Mortgage further advance when near end of deal
Currently on a 3 year tracker from the Cheshire Building Society which is due to end at the end of February. Had a good deal from this as the mortgage is only 0.34% above the BOE Base rate. Have been assuming we will automatically go onto their standard rate of 3.99% so have been looking for some competive deals to pay of…
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Pregnant with mortgage - what did you say to the mortgage company?
Hi, I'm 20 weeks pregnant, going to lose my job in 3 weeks (I'm a contractor) and on a joint repayment mortgage with my husband. We chose our house based on the fact that we knew we'd be having a family and I'd be giving up work, so we know we can afford everything on one wage, although there's a chance it might be a bit…
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Will i be able to get a mortgage with bad debt
Hi my wife and I both have in my opinion a very bad credit history, due to the usual circumstances that won't bore people with. We both have ccj & a charging order defaults etc.charging orders seem to be a enforcement measure of choice these days even if you are making payments to the account.This happened all in the past…
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Likelyhood of being accepted?
Hi all, i'm new to this but wondering if anyone can shed any light or if anyone's been in a similar situation, apologies for the essay in advance! At the moment i'm living in a shared house which has all the bills included for £380pm. Looking at buying a 2 bed apartment in the area (first time buyer), there a plenty of…
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Advice needed - Looking for a Mortgage Broker
Hi there, My partner and I are looking into buying our first home together. I want to find a fee free whole of market broker in the leicestershire area and wondered if anyone on here would be able to point me in the right direction? Has anyone used a broker that they would recommend or can you recommend the best place to…
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remortgage with RBS. From 5 yr fixed to 2 yr fixed.
im currently 2.5 yrs into a 5 yr fixed rate mortgage with rbs. i want to remortgage to a 2 yr fixed rate with them as it will halve my monthly repayments. does any one no how much it will cost to 'get out' of the 5 yr fixed rate deal?
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Ultra high charges for loan against endowment
I HAVE HAD A LETTER FROM A WELL KNOWN FINANCIAL INSTITUTION ABOUT A LOAN I HAD TAKEN OUT AGAINST MY ENDOWMENT POLICY FOR £5K AND I AM BEING CHARGED £10K IN INTEREST CHARGES, I HAVE NOT BEEN PAYING THE INTEREST ON THE LOAN AS I WAS TOLD BY AN IFA AT THE TIME THAT IT WOULD BE DEDUCTED WHEN THE ENDOWMENT POLICY MATURED. BUT I…
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natwest product fee
i am wanting to take out a fixed 5year deal with natwest, the product fee is £199 i do not want to add it onto my mortgage, but pay it separatley. they have said they will send details out with fee added onto mortgage, then i pay £199 to them, and then they take fee off mortgage is this a normal practice.
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Assistance and advice required.
I have unfortunately recently become seperated from my wife and am back living in my parents spare room (great;)) Rather than looking for somewhere to rent, i am looking into buying a one bed flat for myself. I currently earn £26k pa and take home around £1600 pcm. I do not have a deposit saved currently. i have a CCJ with…
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Question for MA's, sorry if its a stupid one.
I am confused by the news items saying that FTBs cannot find decent deals, then the money pages showing reasonable deals for 85% LTV for instance. I haven't the time at the moment to sit down with an MA, and nor do I want to waste their time either but I am curious about where I would stand as a potential FTB. Salary £31K…
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Mortgage Dilemma - help appreciated!
Hello all, I am trying to reduce my mortgage as much as possible and would appreciate some input (or even an explanation of the difference!). I have a 30 year mortgage (28 years left) for around £135K. The interest rate is the RBS SVR which is (I think) 4%. My questions are: 1. Should we shorten the term? We can easily…
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HSBC application - anything more i can do?
Hi all, Just in the process of trying to buy my 1st house, thought i had it under control but starting to panic a bit now and just want a bit of help. Offer accepted for full asking price of £165k I am using the agents solicitors at the request of the seller to hurry the process along as they are buying chain free. I have…
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What am I missing?
Hi all, my girlfriend and I are first-time buyers, just seen a property we love. I've seen an IFA and have been approved for a mortgage (LTV 80%), but yesterday came across this HSBC lifetime tracker: https://mortgages.hsbc.co.uk/product/140-life-time-tracker-standard It seems a bit too good to be true for a LTV 80% (max I…
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Nationwide Mortgage Disaster
We went to Nationwide to take out a mortgage for a part buy/part rent scheme through Devon & Cornwall Housing Asscociation. Nationwide are 1 of only 4 places which will offer a mortgage on this scheme. We started 120th on the waiting list for a property, and then finally my family were offered a viewing of a property and…
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endowment not used for mortgage
hello, can someone tell me if i pay off my mortgage off before my endowment policy matures is there tax to pay on the money i receive from my endowment policy as it is not being used to pay off mortgage , many thanks
