-
Should we stay or should we go? - move from fix to tracker now?
Hi – I need the wisdom of the crowds or people who knows a thing or two about the current state of the market. My wife and I are racked with indecision regarding our current mortgage situation.We stepped off the London property market over (summer 2010) and moved to Sussex. This has been a brilliant move and allowed us to…
-
Morgage in both names-Spouse refuses to help pay it
My spouse and I took out a mortgage almost ten years ago. We both work and I make the payments from my income. She has never helped make one payment. She officially stated she will never help me pay it. I am considering taking her to small claims court or doing something in a legal manner without going through a divorce,…
-
How definite is a mortgage in principle?
Hey everyone - quick question due to ongoing panic about something going wrong! We've had an agreement in principle from Barclays - credit check done etc. How likely is it that something could still go wrong? There won't be a problem with the valuation (we got a crazy price for the place due to desperate seller!) - what…
-
define first time buyer
ok as I am aware that mse is full of sarcastic posters I am seeking out the helpful ones... can anyone define first time buyer - I have had a mortgage in the past and do not have financial ties or association to anyone...my mortgage does not show on my credit file as it was settled... please help define this for me? thanks
-
Remortgage with N&P - possibility?
I know this is a question with only one answer - speak to my curent lender (Norwich & Peterborough) but I'm looking for some thoughts on how it could go and what I might consider asking......... You'll see from my signature that I'm a DFW, with what is still a sizeable debt - it was approx £50k three years ago and is now…
-
"Recent Acquisition" mortgage lending?
Hiya, Has anyone heard of mortgage lenders placing restrictions on lending for homes that have been bought and sold very recently? I found my dream home on the market in June this year but was outbid by a developer. The developer is now selling the property for an extra 10k without actually doing a thing to the place. I…
-
Can't get mortgage if I'm going to renovate house? (First Direct)
Hi Maybe this is normal, but I've been told by First Direct that they won't give you a mortgage if you are going to renovate the house. Apparently they need to know what they are mortgaging and if you are going to 'change' the property they won't give you a mortgage? Has anyone else had this problem? Is this normal? What…
-
What to tell Bank about Lodger when applying for mortgage.
I've got an appointment with my bank tomorrow to apply for a mortgage. The problem I have is what to say about someone who's going to rent a room from me. My current flatmate is going to move in with me and I'll be charging him £175 a month plus half of the bills. I can afford the mortgage on my own and would be looking to…
-
What do we do?? FTB
Hi there, I've posted a few times as to what myself and my partner should do about getting our first mortgage. Together we have a joint income of £51,000 and will require a mortgage for around £50,000, we will have a deposit of £9000 by March. We initially looked at shared equity properties, but have decided to start…
-
Advice needed, First Time Buyer!!
Hi im a 24 year old male from the North East, Next year ill be coming into some money, and will be looking to buy my first home, I havn't the foggiest where to start! i know ill need a deposit, and the amount of money i earn a year comes into account I was wondering if anyone could give me a rough idea of how much i might…
-
Mortgage Overpayments
Hi Im wondering if anyone can answer a few questions for me- We are currently with Capstone Mortgages(groan) we are on an interest only mortgage and are on there SVR so our mortgage payments have halved- are we able to continue making the same mortgage payments as our fixed period to make a dent in the actual capital??I…
-
YBS partner lost job
hi all my partner has lost their job...we have a repayment mortgage with yorkshire building society..anyone know how they react in this situation? thanks
-
Early Repayment Charge
We have a repayment tracker mortgage with Nationwide. We owe approximately £39,000. If we paid say £28,000 off this in a lump sum can anyone advise me approximately how much the ERC will be. I have looked on the Nationwide website but no details of charges are given. Many thanks
-
Good rates for 88% LTV?
I need to remortgage in January and have been looking at different mortgages and I cant seem to find any decent rates for upto 90% LTV. has anyone seen any decent rates or have any advice on this. thanks.
-
Write Off Your Mortgage
Has anyone here been successful in getting their mortgage 'written off' due to mis-selling etc..> I have come across a new company who operate on a 'no win-no fee' basis and was wondering what everyone thought about this. I know there were a lot of problems with writing off credit card debt, what with having to pay a large…
-
remortaging
sorry if this is in the wrong place is it possible to remortage when u have bad credit my oh got into some debt a couple of yr again which is now being paid at a very low amount each month but remortaging would allow us to pay this debt of in one so is there companies out there who would give us a competitve deal and let…
-
prospect of redundancy - change mortgage now?
I work in local government and it's looking increasingly likely that I will be made redundant. We have a fixed rate mortgage of 5.4% (!!!!) ending in 8 months time and the early redemption fee will be £2200. Should I go for something like HSBC's tracker at 1.8% above base rate, £99 fee and no redemption fee now before I…
-
Need advice for a friend....
hi guys, my mate has asked me a technical/legal question and i thought u guys would be the best ones to ask. Currently himself and his wife have a property bought about 5-7yrs ago. The property is on a mortgage with halifax bank and only the hubby is on the mortgage. To cut a long story short, he wants to know that since…
-
endowments v life assurance
our endowment policy will probably not pay out what is promised and as the mortgage only has 4 yrs to go, i was wondering whether to cash in the endowment, pay this off mortgage owing and take out mortgage protection(which would be cheaper than endowment), for the remainder of the mortgage term. is this wise, or should we…
-
Mortgage works
Does anyone know anything about them, have their mortgage with them, am looking at a deal with them but have never heard of them, all i know is they are a part of Nationwide. Anybody, good, bad or indifferent...
