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need help for mortgage dilemna
Hi we have an interest only mortgage with mortgage express who advised us to move to another lender but we have a poor credit history due to some poor decisions and clueless about mortgages when started out.We have nothing in place to pay this at the end of the term as do not know what to get, whether it be a insurance…
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pep/isa mortgages
I have received a phone call from emcas who told me after talking to them that I may have been wrongly sold my pep/isa mortgage back in 1997. They told me that if they are succesful in the "claim" they will take roughly 41% inc of vat of the total claim. How can I check to see if if I was wrongly sold my pep/isa mortgage?…
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Best to get a fixed rate for low amount remaining
Property worth appx 350k Amount outstanding 48k Currently on HSBC SVR of (i think) 0.5% We are about to take out a new mortgage on another property (fixed for two years) And i'm wondering whether (on original mortgage) we should arrange a fix for two years, or whether to "let it ride" and gamble on interest rates not…
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Mortgage advice
Hi, I'm hoping someone can help me or atleast give me an idea of what to expect. I am currently on a CCCS debt management plan to pay off over £15k worth of debt. My aim is to save for one year with my girlfriend so we can buy out first house. Neither of us have ever had a mortgage just alot of needless unsecured debt.…
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Gifted Mortgage Deposit
Hello We are currently purchasing a property for £130000, I have £10000 for the deposit and my mother gave me £3000 which she is not expecting back and which I am already in receipt of. When I mentioned this to our solicitor it was mentioned that they will need notify the lender, write to my mother who will need to sign an…
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Agreement in Principle validity
Hi people, I'll try and make this quick (if i went into detail i'd be here forever). Basically, we are looking at making an offer on a property prior to it going to auction, as with us being FTB's, an auction seems very risky financially to us as well as the doubt as to whether we would manage to set up a mortgage in time.…
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Endownment Dilemma
Afternoon All Just need some advice am slightly confused on how to go forward and would appreciate any help. I took out an endownment policy on 11/11/1988 and it was due to mature on 11/11/2013. I have now had a letter advising me of a high risk of shortfall and that the target amount of £80,000 will not be paid and only a…
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Northern Rock - Is there anything that can be done?
Hello All, Apologies I'm a little vague on some details here but it's my partner who had the mortgage with Northern Rock so this is all second hand info. The basics of it are as follows! My partner took out a mortgage with Northern Rock before all the problems. He chose a mortgage that would allow him to increase the…
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Joint mortgage and seperated ?
Hi, I am looking for some advice over what is likely to happen in the future regarding my house, the details are as follows ... I have a joint mortgage with my ex wife, we split up in July and she stayed in the property while I conitinued to pay the mortgage (I have always paid the mortgage, although ex wife does work part…
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Can I increase my chances of having a mortgage accepted?
Hello All, if anyone could help it would be greatly appreciated. Yesterday I had my offer accepted on a repossession property so I now need to acquire a mortgage. I've seen one I'm really interested in, (its 4.99% fixed for 2 years with HSBC with 90%Ltv) I just want to ensure I'm giving myself the best possible chance to…
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Additional Borrowing on Mortgage to clear Debt.
Morning Folks! We owe £89000 on our Mortgage, 18 months to go on our fixed rate deal with RBS. Our property was valued at £110000 6 months ago, and we're now looking for a bigger property. Our problem could be, with a good few cc's and personal loans to our name, we might not get the amount of money we would be looking for…
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Mortgage offer on hold due to current owner not owned the property for 6 months
Hi there i was wondering if anyone would be able to help me. Myself and my partner found a property that we both loved, found a mortgage with the halifax, put in an offer and the offer was accepted. It wasnt until 2 weeks before the entry date that halifax said that they werent willing to lend us the money until the…
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Early Repayment Charge
In April 2009 I took out a three year fixed rate mortgage with Nationwide at 4.38%. We were told that we had a rate of 4.38% because we had a 25% deposit. Our flat cost £115,00, so we had a mortgage for £85,750. However, in reality we did not have a 25% deposit because that was paid for by Bovis Homes as part of a shared…
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Bought To Let New Deal.
I have a BTL with a Clyesdale Bank for 86k. Interest only and the mortgage is 385 per month whixh works out at around seven percent. It is fixed and the deal ends in August 11 where it will be reduced to 5.5%. Good deal or does anyone know of anything better? Thanks in advance....
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Any tips for attaining a favourable valuation?
Hi I am currently going through applying for a new mortgage through my Adviser. They has formerly accepted my application, subject to valuation. The valuation will be carried out next week and I really need it to be high enough, so I fall into the 75% LTV bracket. Are there any tips of things I can do to help me attain…
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My husband wants to keep our house now that we are separated - where do I stand?
My husband and I separated after only a year of marriage in june, he moved out and I have been living in our jointly owned house since then. I want to move things on and he is saying he wants to keep the house and I just dont know where I stand. There is about £90k left on the mortgage but the house is valued at £110k. We…
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Marrige seperation & mortgage
Following a recent amicable split from my wife, I am trying to work whats best to do with our finances. We currently have a joint mortgage with £89500 left on it, and a secured loan against with for £30500. The house is worth approx. £120,000 at the most and selling up would not pay of the debts. My preference is for my…
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Re-Mortgaging an Alliance & Leicester Plus Mortgage
Hiya, I have an Alliance & Leicester Plus Mortgage which i took out in March 2008. It was a 3yr fixed Mortgage which is up in March 2011. I was wondering if anybody has any information on what to do when the fixed period expires? When i took out the mortgage i took out £124,000 for the 100% of the house and £12,000 for…
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Can a bank take away my mortgage if I loose my job?
Hi all, We have a 5 year fixed rate mortgage, in about year 4 at the moment. Do i Have to let the bank know if I am made redundant? Could they pull my mortgage based on that, or only if I don't keep up repayments? Thanks, JD
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Really dumb mortgage question
I'm looking at getting a mortgage for around 20k, to pay off my ex husband, I will take out a mortgage over 20 years but will aim to pay it off, in say 4 years, I have been told that I won't be able to pay it off in the first two years without penalties, but after that I should be able to. So here's the stupid question, if…
