-
Problem with getting a mortgage
Can anyone help me???? I am trying to get a "let to buy" mortgage to raise a deposit for a new property that I want to buy. Everything seemed to be going fine until a Credit check was done and a default was found on my credit file, I knew nothing about this until now, apparently I owe a debt company £45 from 2004 for an…
-
Mus i have a isa to cover intrest only mortgage
Will be great if anyone can give me advice..cut a long story..was with my partner 10 years..have 3 childen..mortgage is for £130,000, house worth £200,000. He hs left me.He is not willing to pay maintenance (self employed so no point using CSA) and will not contribute to the mortgage..he says i live in it..i shall pay…
-
Struggling to find remortgage for shared ownership
Does anyone know which lenders offer remortgages for shared ownership? I have a friend who is looking for 5yr fixed but every time we find one, it turns out it's not available for shared ownership :(
-
Direct Debit: Legal & Gen Mi C/L
I have a monthly Direct Debit coming out of my account, for not an insignificant amount, labelled as "Legal & Gen Mi C/L" on my bank statement. Anyone know what this is? I presume it's something associated with my Nationwide mortgage, but I can find no documentation to give any clue as to what it is. Thanks in advance for…
-
Mortgage declined by underwriters after mortgage manager being so positive!!
Hi all, Just need to 'vent'!! Our mortgage has been declined after it was sent to underwriters (because we only have a 10% deposit), and it all comes down to both of us (my partner and I) using our overdraft. So they now think we can't afford payments as we were still using our overdraft. The maddening thing is, we both…
-
Fixed term contract in work = Mortgage??
Hello everyone! I am on a fixed term contract in work. Started March 2010 and it has been renewed twice to cover upto Jan 2012. Will I have much success applying for a mortgage? I have a 10% deposit and a good credit rating I also have a checkable work history since I graduated uni in May 2007. Any advice or any tips from…
-
Buying house from parents
Hello My parents have a mortgage with £86k outstanding. They are at retirement age and I (and siblings) want to take over the mortgage. The mortgage is an interest only one and expires in August, they won't be in a position to renew it or pay off the £86k. I am wondering what is the best solution, as the house is worth…
-
Mortgage Overpayment - Lump Sum or Monthly?
Hi All Quick question hopefully for people who've dealt with this before.... Im fortunate to have about £100k on a 2.5% rate, only a few years in. I'm paying about £500/month currently, but want to overpay by an extra £9k a year. There are no ERCs so I can either pay £1250/month, or an extra £9k in one or more lump sums.…
-
Re: Selling Policy On
Hi I have a with profits endowment and I was considering closing it . I have read that sometimes you can get more money by selling your policy on that by surrendering. It . Does anyone know of any reputable companies I could approach about this and how this works. Thanks.
-
Equity deposit
I have a property valued at aprox £120000 with a mortgage of aprox £20000 on it. I am looking to get an investment property with a buy to let mortgage and am wondering if I can use my equity as a deposit and or to secure a new mortgage?
-
When to engage the solicitor?
Hi all. Just a quickie, my first Mortgage application is now underway so now next I have to start the conveyance process off. I've got all the inital paperwork and am filling it out. I’ve been advised that it’s best to do this 1 week after first making the mortgage application. Does this sound right to anyone else or is…
-
Flat lease length & mortgage query
I have just received my mortgage offer but have noticed on the paperwork that the mortgage company have the length of the lease on the flat as 999 years. Whereas in actual fact it is a 125 year lease, which is shown on the contracts. I have emailed my broker (tried to ring but am getting no answer) but does anybody think…
-
Stupid question maybe
When remortgaging, do you need another deposit or will the equity in the property act as the deposit?
-
Mortgage advice for cohousing Housing Association
We're a cohousing Housing Association in Gloucestershire, founded in 1970 so well established and stable. Our 8 living units change hands on the remains of a 999-year lease and at valuation, and we have a structured process. Units are mortgaged individually and members haven't had real problems in getting loans until…
-
Help with gifted deposit
Hi this is my first post on this site and im in need of some advice, we put an offer in on a house with a 75% mortgage which was accepted. the problem we are having is that the deposit is coming from my partner who is not going to be on the mortgage due to her leaving uni and having no income that can be taken into…
-
Re-Mortgage Advice Re-Building Extension
Hi, any advice from yourselves would be much appreciated. I'm looking to build an extension which has been priced up at 25k. I currently have 107,000 left on my mortagage but with an overpayments reserve of 13k. Value of house is £190k. Here is the dilema. I will recall the my 13K which will leave me needing 12k. I'm…
-
Am I missing something?!
I had a conversation with my ex husband last night regarding moving away from the area we are in now (north - cheap - we are both mortgage free) to the area he came from (south - London commuter belt - very expensive). He insists he has seen a couple of financial advisers who have told him that 'within six months' he'll be…
-
Is this a good deal? 2.39% above base
Hi everyone. I am planning to change my mortgage from 4.99% with the alliance and Leicester to a 2.39 above base rate for life with the Northern bank which is offering £1000 cashback upon completion. I have a mortgage of almost 50000 with 16 yrs left and am currently paying nearly £400 a month. I was thinking of extending…
-
Buying a new house, extending mortgage and deposit
Hi, I wasn't sure if this should go here or in house buying so please move if it's in the wrong place. If you put your house up for sale is your deposit when working out the LTV for a mortgage on a new house, the amount you expect your house to sell for minus any existing mortgage? Or do you need a cash deposit?
-
Endowment Shortfall
I have an endowment policy which I have received warning letters about every year. Then every year the normal real life issues such as work, death, divorce, emergencies, cancers etc take up so much time that I don't ever get to think about the endowment and what to do next. I just keep paying and was blissfully unware most…
