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Offset Mortgage - Offset accounts question
Hello, We have recently bought our first house and as such now have the task of paying off our mortgage. We opted for an offset mortgage, and its all going great so far... however when I went to check everything online earlier today I noticed that the mortgage lender has set us up with 2 offset accounts, one is a current…
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Endowment - to keep or not?!
Hello Bit of guidance wanted please. I’ve got a 20 year endowment policy with Scottish Friendly. This was originally with Scottish Legal Life. Up until a few years ago this was on track (was getting green letters) but last year I had an amber letter. From reading other posts it seems that it can be common for a policy of…
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Court order to Force Sale of House
Hello, Should myself and partner not be able to agree on terms for transfer of equity and she wants to force the sale of our home how much time and money (approx) will it cost her to do it? More importantly will this money come from the sale of the home or her personal finances and will it cost me anything? J
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Endowment advice
Is my endowment worth keeping? My Friends Provident endowment only has 3 yrs left, Was originally taken out with a mortgage but is now only an investment. details Start/ end date, 04/01/89 - 04/01/14 target amount £27075 monthly premium £36.20 Life cover me & wife £27075. figures from latest statement, Sum assured £9395…
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MSE News: More mortgages available but they're harder to get
This is the discussion thread for the following MSE News Story: "Lenders have become more strict when considering whether you can afford a home loan, though there's greater choice ..."Read the full story: More mortgages available but they're harder to get
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Annoyed with myself
Hi Just had this guy on the phone from Mortgage Advice Services telling me that from info they had on file he could save me £100 a month on my mortgage. I told him firstly that our rate is 1.45% so I would be surprised if he could get this much lower and secondly that my disabled son is quite poorly at the moment and I…
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Fixing mortgage for 5 years
Hello, We bought our house in 2008, paying 62,000 for a 3 bed semi, put a deposit of £11,500 down and a mortgage for rest. We went with a 2 yr fixed with A&L, I am self employed so was probably one of the last self - cert mortgages. Our rate was 4.99 which meant we was paying £325 a month. I have agreed to a new fixed rate…
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Problem with Halifax mortgage
This is my first time posting on here and I desperately need some advice. Myself and my bf are just in the process of buying our first house and we've hit a bit of a problem. My bf works for a small company and gets paid buy cash or cheque depending on how his boss has been paid for the work they have done. He has payslips…
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First time buyer information
Hello - please could someone tell me how much mortgage I can expect to get. I am self employed earning between 40 - 50 thousand per year. I have accounts. Also is the deposit always 10% or are there mortgage companies who would take 5%? Any comments welcom. Thank you
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Requirement to have a job while on SVR?
Hello, long time viewer first time poster here. Am looking for a bit of advice really. Myself and my wife have been on the Halifax SVR for a few years now and during that time we decided to take some time out from our jobs after saving some money in order to start a business. Unfortunately our new business has not been the…
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Student Mortgage??
Does anyone know anything about these? I have been trying to find info on the net but it's all pretty much the same, very basic and not much good! It appears that there are quite a few lenders who will offer a student mortgage but when you actually give them a call to enquire about it they say "oh no, we wouldnt do that!"…
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ex wife + new partner refused mortgage to buy me out
Hi, hope someone can give me some advice. My ex wife and I have a £46000 mortgage on a property worth £135000 with C & G (owned by Lloyds). I have debts of £26000 mostly with Lloyds, am on job seekers allowance and living with my parents. My 2 young daughters live with my wife and her new partner at this property. My wife…
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Refused a mortgage despite BR ending 8 years ago
I've recently applied for the Right to Buy my council house - valued at £48k but with a 35% discount they've offered it to me for £31,200. I've applied in my sole name for both the R2B and mortgage. I declared my bankruptcy and provided discharge certificate (Sept 2003). My credit report is clear and I have a score of 930.…
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Mortgages for adverse credit
Can anyone suggest any lenders that are more sympathetic towards lending to people with adverse credit? We are currently with GE Money but it's costing us a fortune & we would like to get away from them
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Repayment or Interest Only +overpayments?
Hi I'm looking at remortgaging from our SVR to a 10 year fix with Britannia at 5.09% (£116,500 mortgage). It seems that when people get into financial difficulty, they often change their mortgages to Interest Only. I was wondering whether I should do this in advance and make overpayments up to the amount I would have paid…
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validity of AIP?
Hi Just wondering if someone can tell me how long typically Agreement in Principle valid for with mortgage brokers. We would like to be in a position of having AIP in hand when making an offer on house but obviously we don’t know how long will it take for us to find a home we like.
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Conversion fee from C&G
Hi guys, We've had a mortgage since Dec '06. It was set up originally as an interest only mortgage with manual additional payments, so in reality it was capital and interest being repaid. It was set up this way because I wasn't long self-employed and they wouldn't offer us a full term mortgage for some reason. My dad is…
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Equity release on a non-standard construction house
Hi I am looking for a bit of advice regarding the above. My house is 80% timber and therefore considered "non-standard construction". I have applied to one of the equity release companies to release £20,000 of the equity in my home (worth approximately £120,000 - £130,000) but they have turned me down due to the type of…
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Minimum mortgage amount that I can borrow...yes I said MINIMUM!!
Hi Approaching the end of my current mortgage fixed rate, I will be wanting to change obviously. I want to whack my savings into the mortgage and then will have to pay back I reckon about 25 - 30k. Am I able to take out a new mortgage of this amount or do the lenders only want to offer a minimum so they can reap the…
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Shared Ownership Mortgages
Hey folks! I had a letter today from our mortgage lender (Cheshire) stating that the extortionate ERC on our shared ownership mortgage no longer applies, yippeee.... I think as it was anywhere from £2000 - £5000 during the 1st 5 years So we're just over 1 year into the mortgage. its current interest rate is a stonking…
