-
Ex Council
We are trying to buy a flat we have been renting, although it is now privately owned now, it used to be a council flat and they are still the leaseholders on the land (122 years left). We have had problems getting a mortgage on it although it is in a good part of town and a lovely flat. Any ideas? Also it would be in our…
-
Valuation for re-mortgage
Just had valuation for my first re-mortgage from HSBC (existing lender) and its dropped by £13k in not quite 3 years! I bought for £145k in summer 2008 and the desk valuation came back as £132k. Can't quite understand how its so low when the only 2 houses sold on our street in the last 2 years went for £140k and £143k last…
-
Befuddled by endowment advice - help!
My pensions adviser came to our place of work yesterday. After going through my details making sure everything was the same, she then asked me about my mortgage. We have a 10 year fixed rate mortgage at 4.89% due to finish in 7 years exactly. We owe £66,000, of which £33,082.72 is on interest only, to be covered by an…
-
endowment for my interest only mortgage
need some advice guys. have had considerable hardship over the last few years and have been paying an interest only mortgage without paying into an endowment or whatever i should be to build up the funds to repay the initial loan at the end of the term... i know, stupid!!!! anyway, can anyone help me as im really not sure…
-
Query about mortgages
Hi, new to the forum as a poster although I've found lots of useful advice here in the past as a "tourist". I'm finally posting my own question as I can't seem to find an answer to it anywhere else. To cut a long story short, I don't have any debts and own a house with about 11 years left on the mortgage and a fair bit of…
-
the one account
Just wonder if there is anyone outthere who has reviews/experiences/ good/bad with the one account, just lookning at a way to reduce ours asap.looked at some inderpendent reviews which seem to be positve. regards jon
-
mortgage payment holiday
I would appreciate any views on this!! Halifax refused us additional borrowing on our mortgage due to a poor credit score and despite the fact we have never missed a mortgage payment in 18 years an have high LTV!! Anyway they have suggested we take 6 months payment holiday as this will free up the £3000 we need to pay off…
-
advice needed please
Hi All, Hope I'm posting this in the right forum but looking for some advice regarding our mortgage & endowments. My OH has just resigned from his job and I'm being made redundant in July. We have an off-set mortgage and have been overpaying for a few years now. The plan had been to continue over-paying so that it would be…
-
hsbc overpayments/reduce term info needed
hello i have just took out a new mortgage with the hsbc on a 5 year fixed at 3.99% i owe 92000 on a 195000 home but i want to over pay the problem is that the hsbc will only let me overpay by 20% of the monthly payment wich is around £135 but i want to pay around £325 extra a month so looking for advice on how to best put…
-
endowment
Hi all, I have just had an endowment policy mature for £30,000.I have a flexible repayment tracker mortgage with santander for £42,000. What would be my best option -- to reduce my motgage to 12,000 and continue with my monthly repayments or to invest the lump sum into a high intrest savings account ? santander want me to…
-
please help
Our mortgage application has been refused today by the Skipton, my credit score was very good and it's now gone down to poor even though I have no idea why and have not taken out any credit or missed any payments on anything since i took out the application, my mortgage broker is equally baffled, we will be looking…
-
Need advice please :)
Hi, My mortgage with the skipton is due to be changed, I have just spoken to them and they can offer me the following: 4 Year Fixed (No fee) @ 5.78% 4 Year Base Rate Tracker (No Fee) @ 4.85% 2 Year Fixed (£195.00 Fee and £995.00 final arrangement fee) 4.79% 2 Year Base Rate Tracker (£195.00 Fee and £995.00 final…
-
Mortgages On Log Cabins
I cant find a lender that will lend on a residential lease hold log cabin the building is brand new, meets all current building regs, has an architect sign off cert and has a 999 year lease - The mainstream timber home lenders want 14% interest for a holiday home lease hold but still wont touch residential lease…
-
Advice please
Hi everyone Just after a bit of advice if possible. I am looking for a mortgage at the moment but have a checkered credit history (two defaults almost 6 years ago that have balances still on). I have no other outgoings. I also earn a half decent wage (£30+k per year). So, I was wondering if anyone could advise me of my…
-
DMP and Mortgages
I am sure I know the answer but thought I would ask here for clarification. I am just about to enter into a DMP. I have a mortgage on a fixed rate until July 2011 with C&G which is at 6.19%. After the term finishes we will have 15 years left and will automatically go onto the SVR of 2% + BOE rate unless we move to another…
-
Porting mortage the answer?
I need some advice we are with northan rock our property is worth about the same as our mortage. we really want a house ... could we port our mortage to another property? or would another mortage company want us. we dont have anything really to put down on a house. any advice would be appricated?
-
how long is a piece of string
Hi My partner and I are having a second viewing of a house we like. Its valued at £90,000. Been on market 2 months and not reduced in price. We have 20 grand deposit and had an appointment with an independant broker type mortgage advisor this morning. Our jointed income is 20 grand a year and we have one son. She says that…
-
In the money, please advise!
Hi there, well i'll keep this short and sweet, I am a 30 yr old ex british soldier, i have 2 defaults against my name from may 2007. i currently rent a property in the UK but work 8 months of the year in Iraq as a security consultant (New Job). The pay is excellent with me taking £65000 net over a 12 month period. i am in…
-
is applying online/phone the same as in branch?
am close on deciding on a new mortgage and wondered if applying online is the same as in branch or on the phone? Jut thought dealing with such large sums of money it'd be better in person, in branch? Or are all applications dealt with the same no matter how they're submitted Thanks in advance
-
Help With Joint Mortgage and Negative Equity!
Hi Guys, First post here! At the start of 2007 me and three other friends bought a property with 100% mortgage on a pretty overpriced (unaware at the time) house. Now, four years on we are looking to go separate ways but currently still owe quite a bit more than the value of the property. In the spirit of full disclosure…
