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Can I afford a second home.....
I currently have a mortgage of 178k (equity of approx £140k) and have savings of 150k which I currently offset. I would like to move home and although my property is not on the market, I've seen a property for 410k. I am toying with the idea of buying the desired property WITHOUT selling my current home and raising the…
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Endowment
Can anyone tell me the status I am in with my endowment. It was mis sold and have been contesting this for 10years now. I want to sever any ties with the company and am getting no where. I wrote to the FSA years ago and followed their advice but still have this policy. I have not paid any contributions to the policy since…
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2yr Fixed or 2yr tracker?
I know this is a bit "how long is a piece of string" but after your views. My 2 year tracker with santander is coming to an end, but due to my wifes credit rating chaning mortgage suppliers is not an option (Nat west bombed us out when i tried and I know too many checks also hurst the CR) My option on a £116,000 mortgage…
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Changing job - still get mortgage?
Hi Thinking of selling and buying bigger place but was wondering if you need to show so many wage slips from your job. My husband is changing employers in a month - would this matter? Some hazy memory from when I bought was I needed to show 3 months slips and my contract.....would it matter if from different ones? Anyone…
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RBS mortage application accepted- overdraft on my statements
Hi I have had my mortgage application with RBS accepted and passed the credit check (the search shows on equifax but not experian). as part of the application i explained the large number and high value of my personel debt and how this would be paid down on completion of the sale of my house. they were happy with this. I…
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What would you do?
Hia As the title suggests, I will briefly explain the situation; I have currently got a mortgage of 65k, and the property is currently valued at 120k. The property is rented out and the income covers the mortgage payments, however my partner and I would like to buy a property up to the value of 175k, he has a settled…
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Redstone Mortgages ( Beacon) - Complaints
Dear all, I was wondering if anyone has had any dealings with Redstone or dealing with complaints with brokers that submitted the applications to Redstone. I am a Mortgage Compliance officer and I need help, Basically my friend I realised I think has been misadvised by the broker that recommended Redstone. I was going to…
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Mortgage is not a mortgage its a business loan!!!
Hi, I need some advice on a predicament I am facing with my bank = HSBC Five years ago I left my husband due some horrific domestic violence. I had my own company at the time and was fortunate to be able to get a loan from HSBC to buy another property for my son and I to move into. It was a business loan as I could not…
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Ccj due to insurance not returning form-effect on mortgage app?!
hi i am totally panicing and need advice from anyone that can help! long story so please bare with me! we were involved in a bump in a car park in april in my partners company car, the other party tried to claim through insurance and failed and we received a letter about 6 weeks ago from the court service saying they were…
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After clearing debt, how long to wait before applying for mortgage?
Hi, Once credit card debt (25k) has been paid off, can anyone advise how long you should really wait until applying for a mortgage? Debt repayments were always met and no defaults/missed payments ever occured. It was simply a large amount of debt for the past 4 years which is now due to be cleared thanks to an inheritance.…
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Buying House From Relative
Hi all, Firstly i must say that i have been an avid browser of this site for many years and think the advice you offer people is fantastic and now the time has come for me to ask for some of your wisdom!!:) I'm looking for some advice please on buying my aunt's house from her. Unfortunately she has suffered from…
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Too late for missold endowment?
I had an endowment policy that i took out in approxamately March 1988. The salesman basically told me that it would pay my mortgage and at least the same amount again. I put in a complaint at the appropriate time and the IFA reveiewed it and basically said no chance. I complained to the FSA and they said as they were not…
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Buy to let mortgages advise needed.
Hi, I am in the process of putting my house on the market, but have just found the ideal house. It ticks every box of our list of requirements. As we have been looking on rightmove everyday for the last year, this is the only one thats perfect for us. But as i have said we are only now putting ours on. Then the estate…
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Second charge question (As a lender..)
I've lent some money to a builder to rebuild his home. He already has a sizeable mortgage against the bank for the property initially. We set up a second mortgage document, and a loan agreement (a solicitor helped me do this) and we've registered a second charge with the land registry, after the bank. All fine so far (I…
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Northern Rock or NRAM!!!
We have had our mortgage with Northern Rock for 10 years. We were recently told that it was being moved to another part of the business - NRAM, who have said that they will not lend any more money to anyone. Therefore now that we wish to move we have to go to another lender, but this means paying a penalty charge to NRAM…
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6 yrs left but wanna extend to 20yrs for lower payments
Hi everyone We are paying nearly £300 a month and only have 6yrs left to pay,with money really tight at the moment we were thinking of extending our morgage so we could reduce the monthly payment. We were thinking of extending it to 20yrs or so or until were 65, would this be possible? would the morgage company let us do…
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Shared Ownership Mortgage foreign nationals
Hi Guys, I need some advice..I'm currently holding a T1 General visa, still have 23 month to stay in the UK, I'm looking for a shared ownership repayment life time tracker mortgage...I have been told by my broker, saying Woolwich cannot do mortgage for me as I don't have PR, is that true? As I've seen a number of people…
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Putting partner on mortgage
How do we do it? The mortgage is in my name at present and we want to add him to the mortgage.
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Joint Mortgage / Negative Equity / Marriage Breakdown
Hi again, I'm not sure if I'm posting on the right board, but as it is a mortgage query I'll give you guys a try... My relationship with my husband has broken down. Our house is in negative equity and we have a joint mortgage. We also have a joint unsecured loan. I was initially thinking of moving out of the house, renting…
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Consent to Let
I got a fixed rate of 6.19% for 10 years with Northern Rock just before they went under in 2007. I am thinking about letting my property out and renting a new one myself but I have been told I need consent to let by a friend. Now my mortgage has been transferred to NRAM I am unable to find out the costs and implications of…
