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Mortgage - apply so soon?
Hi Folks, Applied for a mortgage around Sept 2010 and we were declined due to my partner being in temp employment, although he had worked there for around 16 months at the time of the application. This was for a new build and was for a shared equity mortgage, we have since seen a house that we would like - we have a 10%…
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transfer of equity
I am staying in the family home, (whilst my soon to be ex husband will move out) and need to carry out a transfer of equity. I have just had some quotes for the solicitors fees, and it seems an awful lot. They have quote around £740 in total to include the following fees: Solicitor fees = £395.00 plus VAT Bank transfer fee…
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"Have you ever..."
Hi All Once again, back with a silly question... In attempting a mortgage application with the Post Office, the following questions arise "Have you ever had a court judgement or default made against you?" and "Have you ever made arrangements with creditors?" To which the answer in my case is "Yes"... However, these were…
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To Repay or Not To Repay
I currently have a 5 year 5.45% fixed rate repayment mortgage. My current mortgage debt is approximately £127,000. The fixed rate element concludes in August 2012 and early repayment penalty charges would be around £3,000+ which I am loathe to pay. I will shortly retire from a final salary pension scheme which means I am…
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First Active and payment holidays
Do FA offer payment holidays, my husband may be facing redundancy and we have no redundancy cover. We have been with FA for 2 yrs and not missed any payments. Thnks
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Use savings to get LTV under 90%?
I bought a new build flat in July 2007 for 118k and currently owe £90500 on the mortgage. I've been on SVR for the past year and just starting to think about fixing, but HSBC tell me the property is now worth 96k and they can't fix my rate as it's now 95% LTV. I do have 10k inheritance which I could pay off to get it under…
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Legal and General Endowment, surrender or keep ?
We have a L&G with profits endowment policy and would like to know what is the best option, surrender or keep ? The last statement I got from them was 31/12/09 Start date 08/06/89 Maturity date 08/06/14 Basic sum assured £24405 Guaranteed life cover £79752 Existing bonuses £15292 2009 annual bonus rate applied to sum…
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Negative Equity Options
Hi all, I've trawled for a while through the site looking for someone in a similar position to me and haven't found anything yet - apologies if I've missed something. Some quick info: my wife and I own a one bedroom flat and had the pleasure of using a Northern Rock Together mortgage for the purchase. Using a mortgage…
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Mortgage in principle for first time buyer
Evening All, Me and my OH has just been approved for a mortgage in principle from Lloyds. We have been approved for 216K (240K property price - 24K deposit). At the moment we are considering two options; 1) 5.99 fixed for 2 years plus 890£ fee 2) 5.79 fixed for 5 years plus 890£ fee We haven't spoken to any of the mortgage…
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First Mortgage
Evening All, I am currently in the middle of buying my first house and hope that everything will be completed in the near future. Due to the high house prices i am currently going to go on to a 90% Fixed Rate Mortgage however i am trying to understand exactly how overpayments on the mortgage work as i am keen that when the…
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Moving house after getting a mortgage
Hello All, My wife and I have been looking to buy a house lately as we have been renting for ages and finally have the guts of a deposit (with some family help). We have viewed a house that we are very interested in but I am naive as to how mortgages work. My main concern is that if we commit to buying a house then we are…
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want to get my head out of the sand
Hi I'm quite embarrassed to be writing this, but since finding mse a couple of months ago i have been reading all the different boards and its been making me think about our money in more depth. (or just thinking about it actually) I have just dug out our 'mortgage file' from the vary back of the filing cabinet and our…
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Offset Mortgages
What is everyone's opinion on these? Also, if I put, say a 10% deposit down as part of the offset, then suddenly a few months later need to dip into this thus reducing my (effective) equity, am I allowed to do this? Interested in everyone's opinion on this type, like pro's & cons... Thank you.
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Mortgage,i want to sign to ex wife
Hi, me and my wife has split up, i changed my address at the bank and they said have i signed the house over to her. I just want to know if i can sign it over to her as i dont want it. If any 1 know can you let me know. Thanks :D
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advice on porting mortgage
I have seen a property i really like, however need some advise on moving things forward. I currently own a house worth around 140-145k i paid 128k with a 14k deposit, i have 112.5k outstanding on my mortgage and i have seen a flat i like on for 139k, and what i need to know is if i could sell my house "quickly" i.e take…
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Mortgage lenders with fast process times?
Hi Can anyone pls recommend mortgage lenders with a 'fast turn' around from the beginning of the application to approval? Thanks
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Halifax Not Allowing us to carry over Mortgage...
First time poster... so please be gentle! We approached Halifax about 3.5 yrs into a 5 yr fixed deal, to ask if we could move house. They advised (verbally) (twice) that this would not present a problem. When I applied for the mortgage originally I had notified them that we (my wife and I) were self employed. On starting…
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Mortgage rescue scheme advise - help please!
To cut a long story sort I lost my job in 2009 whilst pregnant and moved in with my parents (after renting). My father lost his job two weeks after the baby was born and my mothers job only allows for part time. We were all paying towards the mortgage but once I lost my job, my father lost his and a baby in the house we…
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Northern Rock Together Mortgage & Porting
Hi there. Can anyone help please. I have a £95k with mortgage and an unsecured loan of £30K with Northern Rock taken out in 2005. I now want to move and my house is currently valued at £115K and wish to port my current mortgage to a new property. The house I wish to buy is £90K. My current LTV for my house is 82%, does…
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Transfer of Equity Advise
Hi, I currently have a mortgage under my name with Yorkshire Building Society which is coming to the end of it's fixed rate period. I would like to take out another Fixed rate product, but add my wife to the mortgage. She is offering to pay a lump sum off our mortgage, which we are hoping to use to reduce the term from…
