-
Nationwide Complaint and Compensation
I have been having a problem getting my mortgage offer from Nationwide, it's been over 3 weeks and taken about 30 phone calls, I've also taken the day off work to go into a branch and emailed the CEO. I have finally had some sort of action, which was for someone to call and apologise and tell me they'd send me a cheque for…
-
Mortgage for non-residents
I was hoping the nice people on this board would be able to help me with getting a mortgage for my non-resident parents. I have two mortgages at the moment, one on a BTL and one on my own house. There is about 25-30% equity overall between the two properties. The total borrowed is about 4x my salary, so its still within…
-
Please help :-)
Hi Guys, I'm a teacher (fixed term contract) and my partner works for the local authority. We collectively earn 36k per annum and would love to own our own house. We currently pay out £550 per month rent which is dead money! However, with the current climate we have no way in knowing what to do. How much deposit would we…
-
Endowments-please help.
Hi, can anyone help me here. Basically, I have a house that my ex-husband pays the mortgage for, the mortgage is solely in his name, but the house was transfered to me when we divorced. The mortgage is interest only and he was ordered to carry on paying this when we divorced, for the foreseeable future. At present I can…
-
Nationwide
Hi we have a problem with Nationwide with our mortgage. We originally had a Portman mortgage who merged with the Nationwide. In 2008 our deal came to an end and as it was all merged with the Nationwide we were offered a 5 year fixed deal with the Nationwide which we took out. Thus closing the old Portman mortgage deal as…
-
Miss payment on mortgage - consequences?
Ok so i have called up halifax to ask if i can have a payment break and they have said no. I cant afford where i am, with my income and outgoings. Have tried to cancel sky, mobile etc but im "locked in". Will be looking to put house on market very shortly and move out of the city to my parents town. Can get property for…
-
Should I pay off my buy to let mortgage?
I have an interst only buy to let mortgage of 34K which is due to be paid in 2015. We are currently pay an extra £100 a month on the mortgage,monthly savings & an endowment which should mean we are able to pay off the money owed. My question is should we pay all the debt or just pay some of it as we understand we will then…
-
I need help
I am being forced to pay a mortgage I do not want. I split up with the ex 2 years ago, since then he has actively kept the asking price above its market valve, why? because he does not want me moving out of my mothers house with our child. This is not me guessing the reason, I know this is the reason. I cant afford a…
-
Help!! Trying to sort myself out!
I have got myself into a right mess! I currently have an interest only mortgage with Northern Rock and still have around 34K outstanding. I fell behind with my endowment payments a while ago and would like to surrender this policy and change to a repayment mortgage. I also have outstanding debts of around £10k which my…
-
Nationwide & Credit Ratings for Multiple Applications
HELP! We've applied for a Nationwide mortgage and were given a yes in a Decision in Principal 3 weeks ago, and promised our written mortgage offer within 2 days of that. 3 weeks later and a ridiculous amount of telephoning and empty promises, and untruths and we still don't have a written mortgage offer. We are about to…
-
Do we fully understand mortgages?
I have been learning about mortgages and how they work for quite a few years now and it has been interesting to say the least. In that time I have seen countries reach the verge of bankruptcy and then bail the banks out to the tune of trillions. I still don't even pretend to understand how it came to this but I am…
-
Advice Needed
Ok guys just looking for some general advice here. Basically Im trying to save a bit of money as the person I was living with has moved out and I am no longer getting their rent money. I am the home owner and have owned the home for almost 3 years now. For the first 2 years I had a fixed rate mortgage at a horrible rate.…
-
chance of a mortgate
Evening all Come February I will at last be debt free - hurray :jand will be throwing every single penny into saving for a deposit with my OH. We should, fingers crossed have enough by Jan 2012, but my question is although I'll have been completely debt free for 12 months, and never made late payments or had CCJs, I did…
-
Is there an advanced mortgage overpayment calculator?
Hi I'm looking for an 'advanced' mortgage overpayment calculator that can work out overpayments as a % of the remaining balance. Does anyone know one? I'm trying to work out how fast we can overpay a mortgage, but we can only overpay 10% of the remaining balance, so the amount we can over pay each year reduces (and so…
-
Good time to fix?
Hi folks, I know that this is an individual decision, but would welcome your views on what you'd do in my position. We have a mortgage of approx. £248k on a property recently valued at £425k. We're on a tracker with Nationwide (approx. 3.5% interest rate) with a monthly payment of £1553. We are due to have a second baby in…
-
Been left with no means to pay the mortgage
Hello All, Have been on other forums but this one maybe more appropriate. Basically I split from wife in June I moved out into parents, my wife stayed on and we continued to pay everything 50:50, mortgage, bills and loans. She has moved out into rented and leave me with the mess. No way I can afford mortgage, have advised…
-
suspended repossession - any advice please.
Hello, We got suspended repossession order a year ago for a secured loan. 1st mortgage balance outstanding is approx £90000. Monthly repayments £522.02. Secured loan balance o/s is approx. £30000, monthly repayments £409.60.Value of house is approx £150000. We have an overdraft to pay off approx £6000 of which the bank has…
-
Further Advances
Hi all, I'm thinking of purchasing a house which needs work doing to it, the purchase price is £100k and I'm depositing 25%. When the work is completed it will be worth £130k. My questions are has anyone done a further advance recently and how easy is it to further advance for the £130k amount and is there a minimum time…
-
Mortgage and credit card debts
Hi all, New to this, so bear with me! My partner and I are looking to sell our house and buy another, equity in the house will be approx £120k and the house we are looking at getting is £350k. My partner doesn't have any outstanding debts but I have credit card debts of about £6k and a student loan for about £5.5k.…
-
Family mortgage
My lovely parents have come to me with a very interesting proposal which needs a lot of fleshing out regarding my scarily large mortgage . Would anyone be able to give any advice on what would need to be done, to ensure that I don't have a whopping tax bill/any legal bits? They are proposing to pay off my existing mortgage…
