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Mortgages & endowments

Archives for February 2011

to sell or buy out?
I have just found out that my dh has been having an affair. We have a house that is on the market for 185k, however looking at 175k. the mortgage is 104k with early redemption of 6k. we are married however he has savings of 20k. i was considering offering him 25k to up and leave (ie buy him out) would that sound…
A pie in the sky thought
Just wondered if anyone else feels the same as I do. Plus I just fancied having a rant... Given the recent shift that all the credit card companies are having to take - that of paying the most expensive debt off first - I started thinking about how mortgage providers structure your payments between capital and interest.…
Comparison websites - am I being realistic?
Hi All I'm just wondering how accurate some "mortage comparison" websites can be in terms of quotes? I was only asked to enter my current earnings, outgoings, adverse credit and type of mortgage situation (i am first time buyer) For example, I am looking to get a 90% LTV mortage on £235k, so borrowing a total of £211.5k…
New mortgage - address problem?
Hi there I'm thinking of getting back onto the property ladder, but I have a concern regarding my address for the last 12 months. I sold a house I owned 12 months ago and moved into a houseshare where the rent is an 'all in' monthly payment. As a result, council tax is taken care of with all other bills. I have transferred…
mortgage query
Can anyone give me some advice. i have a nationwide mortgage in two parts total 39k one part has got four and halve years to run the second part twelve years, the value of the property is 90k, i dont live in this property my nan does but i own it and pay the mortgage, i want to buy another property to live in myself, i am…
Lease extension advice
Hi everyone. I am a newbie and after some advice on the extending my lease this year on a flat I have owned for 4 years. There are 70 years left on the current lease (I wish my solicitor advised me this was a high risk at the time but thats another story!) Anyhow I now think its time to sort this out before it becomes a…
SVR to Fixed Rate help needed
Hi people, I'm looking for some advice on our mortgage situation. Some background info; my partner and I are entering our 4th year in our first home. We originally took a 95% LTV mortgage on a fixed rate 2 year deal. My partner was still within her 6 year qualification period to obtain a Graduate Mortgage Deal. My credit…
Voluntary repossession
... I was made unemployed last week , and have little chance of work soon ... Ive a mortgage (singly) - £650 a month - which we just cant afford . My partner is working , and she is going to rent a place for £250 a month (which is actually more suitable !) so at least we have a roof over our heads . I dont think there is…
NRAM Mortgage and DMP - help!
Hi guys, First post so go easy . . . We are now on the NRAM SVR and want to do something to move our mortgage - £144K in total (House value now £270K) I am on a DMP and have a lot of debt from being very stupid with money a long time ago - so long, in fact, that the defualts have gone and my credit score is 900! My wife…
Post office Morgage
Hello does any one know if these are any good ? also it says i can apply for a mortgage in principle online. if i do this it will check my credit history and they said it will leave a footprint on my credit history. is a footprint a good or a bad thing ? is it ok to go ahead and get morgage in principle? will this effect…
Spanish Remortgage
Hi. We have a property in Spain and have a repayment mortgage. At the moment we are finding it difficult to pay and would like to change the mortgage to an interest only mortgage for a couple of years. We only need a mortgage for 50% of the value of the property. We are hitting brick walls could anybody offer some advice.…
Current mortgage deal finishing..what to do?
Hi, I was wondering if anyone could give me some advice regarding my mortgage. I have just recieved my mortgage statement from Santander and I see that my 3 year fixed rate deal finishes at the beginning of April this year, I fixed it at a rate of 5.99% in 2008. I am currently paying roughly £500 a month and have a balance…
Spanish Mortgage
Hi we have a spanish repayment mortgage and would like to change to an interest only mortgage for a few years, until things get a little easier. It does not seem the right time to sell in Spain at the moment so thought would give this a go. Does anyone know best way to remortgage our Spanish property because I am hitting…
Sanity Check On Offset Mortgage
I am currently on SVR with NRAM after my fixed deal came to an end last year. I currently have a mortgage of £95K against a property valued at least £420k The family are growing fast and I need to extend or move in the next 12 - 18months so I am looking at extending my Mortgage to £170k. At work things are not great and…
joint mortgage robbery
somebody please help :( i have a joint mortgage with my ex partner. when we got the mortgage part of it was an unsecured loan of £10,000 with an option to borrow up to another £10,000. i have just found out that my ex borrowed another £2000 on the loan without my knowledge (he didnt need my permission apparently) do i have…
First Time Buyers
Hi, Me and my partner wanted to enter into a joint morgage however we were both refused due to bad credit on my side. He has been offered a morgage in his name only, but i'm concerned that I will have no legal rights to the house if we ever seperate (we are not married). Is there any way my name can be put on the morgage?…
Mortgage advice
Hi, Just after a bit of advice, I know people aren't psychic but just wanting a bit of opinion on mortgages. We have seen a house and know how much we can get it for and we can afford it on the 2 year 90% fixed deal at 5.45% we have seen (seems to be best one out there at this rate/length) even the two seperate whole of…
FTB mortgage application
So far we have applied for a mortgage and its a really good deal. We have paid for a valuation and that has already taken place. They are now wanting more information on my employment. Then its the solicitor part. As we have got this far through the application can they still turn round and fefuse us the mortgage? Confused…
Mortgage in Principple
Hello. is there a way of getting a mortgage in principle document. I just want to go to a lender and see if we will get a mortgage. We do not have a house in mind yet, we just want to know how much could we borrow in our situation
Total Offset Confusion
I have an offset interest-only mortgage that I took out at the end of November. In January I made payment to my offset account of £6k expecting this wouls reduce my monthly payments, but this has not happened. I've rung up the building society, and they've explained that payments to the offset do not reduce monthly…

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