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Shared Equity Mortgage
My Partner and I have just reserved a property on the shared equity scheme. We are getting 15% shared equity from the company and we are paying a 5% deposit. Our reservation fee was 500. We have made a agreement that the missives will not be signed until we have a mortgage in principle, which will not be until later in the…
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Please help - What do I own ???
I have spent two weeks reading and reading threads trying to figure this out but I cant so Im just going to ask outright, please dont think Im stupid I just cant work this out. Ten years ago I took a mortgage for £32,000 to buy a 50% share of my flat then valued at £64,000 with the other 50% share being owned by the…
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Fixed Rate Mortgage up in December a few questions...
Hi Guys We took out a Mortgage with Northern Rock almost 5 years ago now and it is due to expire in December this year and I'm feeling anxious as I don't know what to expect. Here's the situation: We took out a Mortgage and a Loan with Northern Rock, so we were able to pay for the deposit and do the house up. Both the…
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Anyone moved (ported) a First Active Mortgage?
I have a First Active mortgage, and got really lucky with the timing, so have ended up on a 1.1% above base rate. Now hoping to move, and have to re - apply now to RBS, the parent company, as First Active have ceased new mortgages. I know there will be affordability checks etc, but has anyone had any experience of moving…
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Understanding mortgage over payments
Last year, Feb 2010, I took out a £40,000 mortgage - 5yr fixed at 5.38% over 7yr term. Currently I'm managing to overpay each month by £500 (the max amount Nationwide allows me) I have chosen to bring down the term of the mortgage rather than decreasing the monthly amount. If I carry on overpaying by this amount when will…
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5 year deal up in June - What to do now?
Hi all, I am currently with nationwide and I am coming to the end of a five year fixed rate mortgage at 5.08% in June. Not ideal when interest rates have been so low. It is/was my first mortgage on my first house. Anyway, I am not sure what to do now. If I do nothing my mortgage reverts to a Nationwide variable rate (no…
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2 Missed catalogue payments,will this effect mortgage application?
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Nationwide AIP - Soft search?
Hiya, We went and got our AIP from Nationwide today who ran a credit check which came back all ok (though there was a note on there that said we were 02 risk... anybody know what means?) I't's come up on my credit report as a search for first mortgage with the amount and the terms etc. I was wondering if this is the only…
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Remortgage Advice when we have two different mortgages.
Hi we are looking to remortgage the following; But are very confused. £19'524 outstanding over 8 year @ 1.45% we pay £270 monthly £13000 outstanding over 13 year @ 4.99% we pay £110 monthly Obviously our 1.45% is difficult to beat and for comparisin reasons we dont know what term to put in. friends of ours said to make a…
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Experienced mortgagee's - Will we be overstretched? IYO??
My partner (23) and I (27) are aiming to move in the New Year. I’m a teacher, she a nurse. Combined income of 55k at present but this goes up each year by a few thousand. By the time we move it will be 60k. I’m pretty clued up on mortgages so won’t need any lectures on that front. Some online calcs say we can obtain a…
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Mortgages that DON'T have an early repayment charge
We currently own two homes - one that we live in, and one that we rent out. We're currently trying to sell the home we live in and once sold, will move into the house we rent out. However, we then wish to redecorate this house, sell it as quickly as possible, and then move into rented until the house we want to buy is…
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Got mortgage in principle as employee then becoming self-employed
I have got a mortgage in principle on the basis on my employment salary but have not yet had an offer accepted on a property. In the meantime however I have been offered a promotion at work to become a partner in the firm. While this is obviously means my income will hopefully increase significantly as the business is very…
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Mortgages & Pregnancy
Hi, I am hoping to move soon and had a mortgage agreed in principle - however suddenly they say they are not prepared to lend the mortgage as I am now 29 weeks Pregnant & stopping for Maternity leave in 7 weeks. Whilst off I will still have full pay for 18 weeks and am planning on returning to work asap after this. Are…
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FTB Mortgage application
Hi, We have just had an offer accepted on a property £178,000. We are putting down a deposit of £40,000 so its just over 20% LTV. We have had an AIP and our broker has now put us forward for the full mortgage application. Just wanted to see what other people thought about our situation. I have worked in permanent…
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Halifax mortgage compensaton
Anyone had any word from Halifax yet regarding the compensation payout to mortgage customers. Those affected supposed to be being written to during April. Something about the rate cap not being made clear to customers?
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Whats the Best Mortgage, ING Direct?
Hi Thought I'd check with the forum before I make a final decision We have chosen a house we like and have a 40% deposit. So we are borrowing around 114 400 on a 200K property. A London and Country have found me a 3 year fixed repayment over 20 years with nationwide at 4.09% with a 99 pound arrangement fee. I've also found…
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Do retainers count towards mortgage application?
My wife has been self employed for about 8 months. She has a couple of retainers with 2 different companies that total £1400 per month. Could this count towards a mortgage application? In my eyes, she is in employment and receiving a 'wage'. However, the bank may not see it that way? Thanks in advance for any advice
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MoneyClaim for mortgage payments
HI, I have received a moneyclaim against me for mortgage payments paid on a joint property. A couple of years ago I gave the claimant some money in cash and the claimant was supposed to pay me back. It was a kind of loan as the claimant needed some money asap. There was no written agreement for this but I do have…
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How much can I afford?
I'm on about 17k a year, but I have managed to save a deposit of 15k thanks to living at home with my parents. I've been looking at properties under 70k, although I look at those over that range and wonder whether I should save for a year longer and look to get something that bit better. On my salary, what would be a…
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Selling endowment - moving abroad
Dear all, I am in dire need of some expert help to know what to do - here is the situation. I have been offered last week a job in France (back to the country yay) to start on the 16th of May (!) We are selling our house with a nice profit (it will be on the market for £125k, bought for less than £60k). It goes on the…
