-
Agreed overdraft - does it need clearing before applying for a mortgage?
Me and my girlfriend are moving home in June to save for a house. We think we'll be able to save £12k in 12 months and are also lucky enough that my parents will contribute £12k in that time as well. £24k will be enough for a deposit for where we're looking at the moment so we hope to be ready to buy by July 2012 We have…
-
Advice wanted about Halifax good will gesture payment
Hi I have a mortgage with the Halifax and received a letter from them to say they would be crediting a sum of money over £1000 to my mortgage account as a "goodwill" gesture. I didn't really understand the letter. I think that they may have given wrong advice or mis-sold me the mortgage. I wondered if anyone else knows…
-
-
Post removed
-
Remortgage to purchase freehold, LTV question
Hi, A relative of mine part owns a lease hold flat she owns 70% of it and pays rent on the other 30% to the council, the flat is now on a short lease 65 years, and the council have offered to the chance to buy out the freehold, the figure they have come back with would mean my relative need a £145k mortgage on the council…
-
Is this true?
Hi all, I have put an offer on a house we would like to buy, mine is going on the market this week so have yet to sell it. Anyhooo the estate agent who are dealing with the house i want to buy aren't my favourite and although they did a valuation on my house, i found them too pushy for my liking and sales orientated. :mad:…
-
Priority/non-priority loan
It is likely that our house will be re-possessed in a few weeks from now. There is not much equity in the house and if it goes to auction, it is unlikely to realise the amount needed to pay off the mortgage. That means that we will still have an outstanding amount to pay off. However, I have been told by someone who claims…
-
Advice needed
Thread deleted as we found our answer. Thank you
-
Stamp Duty - Will I have to pay?
We are about to make an offer on a property - its marketed at £130,000. I am a first time buyer, but my wife has had a property before in Australia. (Which is now sold). Where do we stand on stamp duty? Clarification: Do we have to disclose that my wife had a mortgage in Australia - or can we pretend we are both joint…
-
Agreement in Principle from Abbey/Santander
Hi, Our broker has got an AiP approved by Abbey/Santander. He's provided us with a reference number and in the email provided details of the product. Am I missing something? Do we get some kind of pdf/certificate? He explained the product but I thought we'd get some more details like repayment schedule, length of AiP etc.…
-
Mortgage wanted, I am self employed.
I am self employed without an accountant, I do my own accounts. I do domestic work privately for regular clients but have only been self employed just over two years. My home is mortgage free and in this market worth around £85000. Would it be possible to raise a mortgage of around £38000 on this property on my income of…
-
Should we book Mortgage with First Direct???
Hi Our fixed rate mortgage is due to end in October and I have started looking at new deals. We bank with First Direct and can pay a booking fee of £199 to reserve a mortgage at an interest rate of 3.29% for 2 year fixed or 3.99% for 3 years. I think this is a good deal what do you think?? Oh by the way we need to borrow…
-
Lump sum in a week between old and new fixed rates
Not sure how this will work or who to ask really, so i come to MSE ... I have a lump sum to pay off my mortgage. I am in a fixed rate with HSBC until Sept 30 and want to reserve ( 6 months in advance ) a fixed with First Direct now (to beat any rate rise). So drawdown would need to be early Oct (before the 6 months runs…
-
remortgage advice
I am 10 months away from completing a fixed rate deal with Principality paying 5.49% and have been approached by a broker (TotalMortgageNetworks) to remortgage now at a less rate of 3.54% 2yr fixed with abbey incurring a 3% redemption fee of £2700.. It would be consolodating an existing loan and adding a further £5000 to…
-
chances of getting a mortgage?
My husband only has one default left on his credit rating, his score is 881, and has hp to the value of just over 8000 on my car. we used to have loads of bad credit but have paid it all off and are now hoping to get a mortgage. The house we want is worth 140,000, we have 100000 but only want to put 50,000 as a deposit as…
-
Teachers Pension - Take the Lump Sum?
Firstly, apologies for the length of this post... I am trying to help my mum out with her finances and am seeking some advice and/or reassurance that I am on the right track. 1. Mum is 60 this year and currently works full time as a teacher. 2. She is very stressed at work to the point it is making her unwell, and is…
-
parent buys daughter a house.
Please can anyone give me some sound advice? My elderly mum is about to go into residential care, this results in social services taking her property (mortgage all paid) in order to pay care fees. If my mum moved in my council house with me, can she sell her property and let me buy mine with the money, i would also need to…
-
16 late credit/ catalogue payments in past 36 months any chance of a mortgage??? :(
16 late credit/ catalogue payments in past 36 months only 1 of which was in past 12 months, all credit balances are now clear is ther any chance of me getting a mortgage?? Any help/ guidance very welcome!
-
help need advice
Hi my partner walked out on me 3 years ago leaving me to pay the joint mortgage . I have kept up with the payments and cleared the arrears that they got it in to . I have been told by my employer that the overtime at worked will be scaled back to near zero in about 3 months which will make it near impossible to meet the…
-
Mortgage overpayment advice
I have a mortgage which is half repayment and half interest only (the interest only portion is coverd by an endowment policy with a £5000 predicted shortfall). I am in a position to make overpayments of a substantial amount per month and the building society will allow me to do this. Question: is it more cost effective to…
-
Desperate - Advice please.
I'm really hoping someone here may be able to give me an answer that will help me avoid losing my house. I have a Nationwide mortgage in joint names with my soon to be ex-husband. He walked out over two years ago and disappeared leaving me to pay the mortgage on my own. Thankfully I have managed to keep up with the…
