-
SVR portability?
Hello all, 3yr fix just ended @ 5.34%. Now on svr @1.99% Bank of Ireland(Br&West). Looking to move, as family grows, and have £113,000 mortgage outstanding. We need further 70,000 and have equity on current home approx. 45-50K. Would it be possible to port the current deal and take on the extra separately? In addition, the…
-
Equitbale Life Endowment
Hi, I would really welcome views on the best thing to do .... I've had an Equitable Life "with profits" "low cost mortgage plan" endowment since 1996, maturing in 2021. I pay in about £80 per month. I've stayed with them partly out of indecision over what best to do / hope that things will turn around or compensation will…
-
Reduce Mortgage or Save
Approximately a year ago I suffered a major heart attack, the critical illness cover that I took out many years ago has just paid out £29,000 it was originally £63,000 but my heart attack came 1 year after my 50th birthday so its at a reduced rate arhhhhhh. I currently have an offset mortgage £69,000 with Nat West which…
-
Tenants In Common Mortgage
Hi, I'm trying to get an 80% mortgage for £115k. I've just rang a bank to apply and they said that because I want to put the house down as tenants in common (60/40 ish split) they can't deal with me on the phone and I have to go into the branch but it may cause problems on my application? I suggested just doing it as joint…
-
Have I been mis-sold my mortgage
Hi, can anyone help. Just over 5 years ago now I brought my first house. It was a shared equity scheme with my previous housing association. I got a mortgage for 75% and the association lent me the other 25% ( no repayments, simply pay back 25% of value on selling the property). Anyway a year or 2 later we went to see the…
-
More than one agreement in principle?
Hello all, I posted recently how I had been approved on a 95% LTV mortgage at Clydesdale, and after spending some time doing sums and making inquiries at the Bank of Mum and Dad, it's becoming obvious that I could probably get a 10% deposit together over a couple of months. We've all heard about the effects of making…
-
Chances of getting a mortgage?
Hi all, Long time lurker - first time poster :) Question: Me - 12 month contract £25000 OH - In post over 5 years £12000 basic and £12000 commission (not guaranteed). Take home pay for OH is about £24/25000 per annum consistently. Deposit - £20,000 No debts. No adverse credit. Are we likely/unlikely to get approved for an…
-
Mortgage application with default
Hi all, i'm a uk citizen, working in the UK but living in Europe. after 6 years we have decided to return to the UK as my job is getting more involved and commuting is becoming too much. Anyway, we have been looking a buying a house, after selling ours in europe we have a sizeable depoist, around 40% for the price we are…
-
Shared Appreciation Mortgages
My mother recently passed away and I am executor of her will. I have now discovered that in 1998 she took out a Shared Appreciation Mortgage which appears to mean that the bank will get 75% of any increase in value of the house (since 1998) plus the original loan, which seems excessive. I know that there has been some bad…
-
Help Requested Working Out the Sums .. please x
I'm going round in circles trying to work out what to do for the best regarding my current mortgage. I have a mortgage with Accord fixed at quite a high rate - I thought I was stuck with what I have as I had a baby last May and hoped to be off work for 5 years in total. However, my employer has undergone many changes in…
-
let to buy?
Can I pisk someones brains please!? We're looking to move house. We don't have much equity in our current property (about 20K ) however we do have some saving etc to put down for deposit/ associate moving costs PLUS we're looking at a new build so will get additional incentives from developer to value of around 30K (we'll…
-
Mortgages in the UK from South Africa
Hi I have a few questions, and I'm hoping someone has the answers. My father lives in South Africa and would like to invest in a property in London. He would like to rent it out. I have no idea on how to go about this, as I have tried to google and have come up with nothing. Would he have to go about it in SA or here? He…
-
estate agent fees
hi, me and my ex split up 3 years ago, we had a joint mortgage and i decided to take the house on myself, we had nothing legal written up and a 50/50 mortgage, unfortunately i couldnt afford it on my own so i sold the house after 18 months and i paid all the solicitor, estate fees on my own even though she was still on the…
-
What would you do?
This is quite a long and complicated scenario. We have 2 properties - one is our home (mine and hubby's); the other is currently my home (well, only MY name is on the mortgage) and we rent it out. The house is only 75% owned by me though - it was bought under a shared equity scheme, and when I couldn't sell it the…
-
Northern Rock Mortgage now NRAM?
Now I'm really confused, we took out our mortgage with Northern Rock and now our repayment statements are showing NRAM in the top right hand corner. Now looking at the Northern Rock website it says about remortgaging for current customers, but the NRAM website says nothing about remortgaging, so where do I stand? Am I an…
-
Mortgage Advice for a Short Term
I have a property just going on the market which has a small mortgage. I own a tiny cottage which is also on the market. I have made an offer on another house and has been accepted. If both my houses sell, i will have an amount over the purchase price of the new found property. I have been advised to change my existing…
-
Mortage final payment.
My wife and I are currently renting our house from her parents who are now panicking because the mortage ends in a month and there is a £14000 final fee to be paid on it. Basically the family can only afford to pay £7000 of this at the moment. Can anybody offer any advice as to what would be our best strategy at this…
-
Royal Liver Endowment advice needed
Hi I have an endowment with Royal Liver. It is £40 per month for 24 years, with 14 years to go. It's not linked to a mortgage. I have had serious concerns that it's going to return far less than I have paid in for a while now, but have waited until this week, as my wife had one for £20 per month for 10 years, which just…
-
Mortgage Advice & Best Banks
Me & my fiancee are currently trying to get some good mortgage advice on a house we got our eye on and whats the best banks and companys out there that can give us a good mortgage? i dont want to go into details about our situation but just asking whos good to deal with that are helpful cheers rocky
-
Remortgaging - current lender situation?
Hi We have just put our house on the market and would be looking to remortgage for a new home but not with our current lender ( natwest ) Does anyone know if we have to notify natwest that I am selling / moving mortgages or can we just apply for a remortgagewith another lender and Natwest will be paid off when the house is…
