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Yearly mortgage statement Early Repayment Charge Missing???
We recently received our yearly statement through from the Woolwich and were shocked to see the Early Repayment Charge was termed N/A. As this was a 10 year fixed deal at a higher rate, it meant the full repayment was approximately £5500 less. Due to this, we have looked into remortgaging and can obviously get much better…
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Flat Repossessed Without Any Notice or Warning!
My brother has a flat which he hasn't lived in despite having for 4 years. He has gutted the flat out to a shell and been spent money doing it up, fitting new boilers, kitchen, bathroom etc. Since he doesn't live there all his mortgage statements go to my mums house which is where he stays - always has, since his flat has…
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1 house converted to two flats - convert back to one house - buy with one one mort ?
Hi I am looking at particulars for a home that was at some stage split into two seperate living quarters. i.e: downstairs 1A and seperate access to upstairs.. flat 1B. The particulars state the price is for both 1A and 1B (freehold) with permission to convert back to family home (my intention). When remortgaging, will the…
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Advice, please
I am a 63 year old childless widow living in rented accommodation (rent = £650 pcm). I am a total ignoramus as far as mortgages, loans and borrowing money are concerned. I have made a provisional offer of £125,000 to buy a terraced house, subject to a structural survey which will be carried out next week. I have £88,000 in…
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Selling Endowments
Hi, Can anyone recommend a company to sell my endowments to? I have 2 endowments with appx 4 yrs left to run. My husband and I are splitting up and need to get as much cash as possible from them. Thanks
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FTB - with poor credit history
Hi I am looking for some advice. A few years back I got myself into financial trouble. I ended up having 6 defaults (approx £20k) and a CCJ (under £400). These were from credit cards and 1 loan. I was in low income job then, and buried my head in the sand. All my debts have been settled in the past year, with agreeing…
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waiting for HSBC
I have applied for a mortgage of £133,750. This means the LTV will be less than 60% as I have a £100,000 deposit. Will I be successful?? I got the house at a very god price as the sellers want a quick sale. We have provided evidence of permanent incomes. Only negative is I will be just over the retirement age when the term…
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Northern Rock Mortgage Holiday
Right the basics: We have a mortgage with NR which we are making the full regular payments every month. We also have an un-secured loan with them which we have an agreement to pay back a lower monthly repayment as after having my 2nd child I went self-employed and when the mortgage re-payments increased by £200 per month…
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£3.5m mortgage... How likely?
I am owner of property valued at about £4.5m. (1 property @ £3.5m in Greece, 2 properties @ £1m -total- in UK) Household income is approximately £30k Greek property recently renovated with projected annual income of approximately £130k a year before costs. I have £150k cash (in the bank of course) I want to buy a property…
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'lost' a mortgage offer - what next?
We have just gone through a four month mortgage application which was initially approved subject to valuation and salary checks. As the valuation came in at less than we thought, the deal we had applied for couldn't match the full amount we wanted, and we didn't want to take a loan to to up the shortfall. We then asked if…
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Nationwide mortgages - how quick?
I've applied for a mortgage with Nationwide and just wondered if anyone has any idea how long these things usually take. I realise it is a how long is a piece of string question but thought someone may have used them recently. The property I am buying is a repo so I am hoping the broker pushes it through and keeps on to of…
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overpay or save
I'm looking to move house within the next 6 months and was wondering if it is better to carry on overpaying my mortgage (approx 500 a month overpay) or to save this money and use it as a bigger deposit
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Mortgage Porting - conflicting advice - help please!
Hello everyone We (mr & mrs sensible) have a mortgage with First Direct for about 130k which has passed the initial term and so now on a SVR - very low rate now 1.6%.:) We're now wanting to move house, and have accepted offer of 240k and had an offer of 230k accepted on house we're planning to move to. I rang First direct…
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Mortgage porting query- can I do it?
Evening I currently have a mortgage for £116000 which is on a SVR of 2.99%. It was fixed for two years at 5.75% but dropped to SVR last year. Basically I wish to sell my flat and buy the one next door which is smaller and more affordable now that I will be living on my own. Im with the Bank of Ireland. I want to keep my…
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Mortgage redemption payment calculator?
Hope one of you can help! Had a fruitless and frustrating call with the "lovely" Halifax earlier about making a lumpsum repayment. We have 2 mortgages running in paralell - a smaller one fixed (6.64%) and a larger on their svr (3.5%). Was trying to get them to tell me what the interest would be on the fix would be until…
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MSE News: Yorkshire and Clydesdale Bank 'write off mortgage underpayments'
This is the discussion thread for the following MSE News Story: "This gives hope to 18,000 families hit by the bank's computer gaffe who've been asked for up to £3,500 a year more ..." Read the full story: Yorkshire and Clydesdale Bank 'write off mortgage underpayments'
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Endowment policy - is it taxable?
I'm ashamed to say I've no idea! I took out an endowment policy when I was younger, with the intention of using it against a mortgage. Circumstances meant that this never happened. I have, however, kept paying the premiums every month, and it's due to mature in about 8 years time. The annual statements say that with…
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FTB - Advice needed - to buy with partner or solo?
Hi folks, My partner and I are thinking of buying a place next year, but there seem to be a lot of permutations to consider. Ideally, I(we) would like to buy a 2-3 bedroom house in SE London, for a maximum of £250k. Situation: a) My salary = £55k. Savings (Investments) = £80k b) Partner's salary = £13k. Savings = £4k We…
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joint ownership or tennants in common?
Please help! Just taken out a mortgage in joint names with my partner of 1 year. I'm footing the deposit of 16K and I've agreed that when we sell, my partner can pay me back half = 8K, assuming that we are still on friendly terms if we should ever decide to go separate ways. I understand that under 'Joint Ownership' the…
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mortgage advice
each default for about 1,000 4-5 years ago joint earnings 30,000 borrow about 120,000
