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Pension/Mortgage Miss-Selling Question
I took out a pension/mortgage back in 1987 through Abbey National/Friends Provident. I complained to the FSA about miss-selling and won in 2005, which was meant to put me on the same payments as a repayment mortgage, so the FSA made the best of a bad situation, I thought! Now here’s my problem that no one picked up on, my…
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need new mortgage but have been in arrears!!
Hi I wonder if someone can advice me of any mortgage companies that deal with "bad debtors". To cut a long story short - my Dad is very ill and about to loose his feet, they have got into £5000 of arrears on their mortgage and owe £40000 on unsecured loans (Dad was paying double on the mortgage payments to get it paid off…
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House repossession GMAC RFC /Paratus AMC
Constructive help required????? 2 years ago i fell into mortgage arrears which went to court, a suspended repossession was awarded to GMAC RFC, tha arrears were paid in full within three months. I now find myself back in arrears due to the situation with the construction industry and the economy as is. On the 1st of…
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FTB maybe..
Hey there, I'll start on a bit of a sad note that due to a death in the family my grandmother has been left her sisters house. Now this house has been valued at only £75k, the house needs modernising and upto £15k worth of work doing this. My grandma cannot afford to keep the house but would prefer it to stay within the…
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Gifted equity & shared ownership....
Hi, looking for a bit of advice please.... and sorry in advance for such a long post.... My partner and I currently live in the house which used to belong to my grandparents. The house was left to my mum, her brother and sister in my grandmothers will. The brother has since died, leaving 3 (adult) children. Whilst I do not…
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First Time Buyer ... potentially
Hi There I just wanted some advice. I'm looking to buy my first place. I've been thinking about it for a while, but being a 30 year old living in London things aren't that easy for first time buyers. I've managed to save up 65k towards a deposit. I've seen a place I really like on the market for £189,000. I'd be looking at…
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Marine mortgage for liveaboard narrowboats
There don't seem to be many companies around that still offer a marine mortgage for a liveaboard narrowboat. Anyone have any tips?
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Lloyds Second Steppers Mortgage
Hi, As a 'second stepper' with a C&G mortgage in 10% negative equity, a baby on the way, a 140-mile round commute each day, and a tiny terraced house in an expensive area, I was excited to see that Lloyds Banking Group has launched a 'second steppers' mortgage for existing customers, effectively allowing you to port your…
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switching back to repayment ?
i currently pay £417 per month on an interest only basis,if it was a repayment it would be £660.am i better off paying 660 on interest only,with an overpayment,or repayment of 660.my thinking is if i stick to interest only that is paid off before the repayment,but the original loan amount is then needed to complete the…
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Increase to 2nd charge
Hi I have a 2nd charge on my mothers house it doesnt specify the amount but its for £40k I have now paid off the mortage for her so there will be a additional amount to be added I was wondering if I need a solicitor to arrange this or can I just write out a sort of agreement between me and her that is witnessed? thanks for…
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shared ownership
Hi Me and my wife are hoping to buy a shared ownership house privately. One of my wife's workmates has a friend who will be selling her 2 bed shared ownership house and is quite interested in selling it to us privately so that she doesnt have to advertise it. she currently is repaying a 25% share so will be selling that…
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Mortgage / TIC / Will advice please
Hello all, Bit of a newb at mortgages and wondered if anyone could answer what I imagine is a very basic question. My gf and I are looking to buy a house together. I have no deposit for a mortgage as that is tied up in a flat which I own outright and cannot sell (have tried for 9 months) - that has now been let. My gf has…
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Any 95% LTV currently available
Hi, I currently have a CTL mortgage which the Halifax and the property is let out, owe around £48k on that property. Currently renting a property but would like to move to my own home, but would require a 95% LTV. Property value is £90k (scotland). What are my chances of getting such a deal? cheers
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Remortgage Buy to let for family member
Hi All, I am currently coming up to the end of my current mortgage deal, I am starting to look at different mortgages available, however, the mortgage I am looking at is for a property in which I rent out to my sister and her husband, as it is a family member I have been told that I do not have to have the mortgage as a…
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1 missed payment credit rating gone to poor
Hey there I was about to get a MORTGAGE in principle for a house I wanted to buy I went to check my credit report and my report has gone from Excellent to Poor all for one missed payment which wasnt my fault, i have rang the credit card company and all I can do is wait for 3 months until I have paid 3 payments on time, by…
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NRAM overpayments
Quick and hopefully easy question - my parents have a mortgage with NRAM, part repayment and part supported by endowments. They're considering surrendering the endowments now and repaying the mortgage with the proceeds - which will only leave a few thousand on the mortgage. I was concerned about ERC's since they're 3.5…
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MSE News: House prices predicted to fall this year
This is the discussion thread for the following MSE News Story: "Although property prices rose in 2010, slow economic growth could trigger falling values in 2011, it is claimed ..." Read the full story: House prices predicted to fall this year
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Mortgage Early Redemption Penalties: a way of reducing them!
If you have to end a fixed rate mortgage early, and risk incurring a hefty Early Redemption Penalty, here's a way of reducing it! We had a two year fixed rate mortgage with Natwest, with a fairly standard Early Redemption Penalty, which included the option to repay up to 10% of the mortgage amount each year without…
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90% mortgage on a new build house??
Hello We're looking at buying a new home from Persimmon - we want to do a part-ex on our current property and that will be worth around 50% of the value of the new house. We would then want to take a 90% mortgage on the new house as we are struggling to get more than a 10% deposit together. Do you know if any mortgage…
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Patronising and point scoring replies?
I have been posting on here for some time, my understanding is that the board is for people looking for help with mortgages? That being the case why are there so many patronising posts along the lines of : " change your lifestyle, stop spending, start saving"? Posters on here are looking for mortgage advice, not…
