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First payment
Gotour offer which said first payment would be nearly twice our monthly repayments. I understand the 1st month pays interest up to rest o month plus 1st payment but does this not depend when we "accept" the offer, hence cant be set amount at this stage? Also it is very close to end of month (hoping to repay 1st of every…
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IFA causing us headaches over mortgage
Hi, new member here, signed up as I could use some informed adevice about our predicament. I currently own the house my second wife and I live in, it was bought with my first wife when I had a good credit rating back in the 90's. My first marriage was short, disastrous and left me up to my eyeballs in debt, which i am…
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Further advance
i am in the process of applying for a further advance on my mortage (LTV approx 49%) and wondered how long the woolwich usually take to process this? thanks
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Mortgage with other debts
Just wondering. I am almost out of debt, however I am sick and tired of using public transport and was thinking of taking a hire purchase loan for a vehicle to get me to work and back. I am sure this will be taken into account when applying for a first time buyers mortgage, however how much will this affect my application…
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suspended repossession order problem
Six months ago we were given a suspended repossession order and a judge orderd a review after six months ,we have duly paid each month since the only problem occuring when the mortgage company set up the direct debit for £42.00 less than it should have been. Six months has now passed and we have a court date that assumed…
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Can i get a mortgage whilst i'm in a debt management plan?
Really want to get back on the property ladder, and have the oppertunity to lend a deposit off a family member, but dont know if i should bother looking into it and get my hopes up if getting a mortgage whilst i have a debt management plan is out of the question!? Also, how long do you have to have been 'off the ladder'…
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My Current HSBC Mortgage and Interest Rate Rises
Hi I was hoping someone may be able to offer me some advice on the above. I've heard a lot of talk recently about expected interest rate rises over the next month or so and I'm currently sat tryng to weigh up my options and trying to work out what to expect should the interest rates rise in the coming months. My own…
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Administration error - advice please!!!
I have a Chelsea mortgage that ended in March 2010. From that date, they undercharged us by nearly £200 a month for the next 4 months. This ate into the overpayments we had been making up to that point in the year, until they spotted their error in August. We were then charged the extra monies that had not been covered in…
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Post Office Mortgage?
Hi, I am new to the forum but have been a reader for a while. I am currently buying my first property and have decided a 3 year fixed rate mortgage is best for me. I have found a good deal with The Post Office and everything is ticking over. The Estate agent are so keen for me to see there mortgage broker, I am really not…
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Shared ownership - Right or wrong
It felt like a good idea at the time but as time goes by, almost as wasteful as renting. Feeding the goverment funded social providers, lining their pockets, promoting the big society - and for what? Low levels of service, rent overcharges, premiums on high rate mortgages and all because Brown, Cameron and the like tell us…
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Joint property or joint title deeds?
Could anyone well up with property legal matters explain the difference between joint property and joint title deeds? The reason I ask is that sadly my father-in-law passed away a few days ago and now the solicitor has phoned and said that if the PROPERTY is in joint names then the property, which is paid for, goes to his…
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Interest rate increase for renting property
I bought my house in 2008 with a 5 year fixed rate mortgage from Nationwide. I changed job a year later and moved from the area. I put the house on the market but because of the credit crunch there was very little interest. After 2 years of the property sitting empty and only a few viewings I decided to let it and got…
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underwriters
I have been accepted for a mortgage with platform, passed the initial credit check and ok with a default from 2006. I paid the survey fess yesterday and was told file now being checked with underwriters. Why do they have to pass it to underwriters? does that mean they could still refuse to offer me the mortgage. My credit…
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HSBC Mortgage
Hi All First time poster and First time buyer Applied with my wife for a 90% first time buyer with HSBC. Mortgage costs £150k total. We earn £58k between us. Got offer in principal then found the house. Applied for the Mortgage and passed affordability check and passed Credit check. We have Credit card balances of £9k…
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Mortgage advice
Hi guys Just looking for some advice. I havnt got the best credit in the world but would love to buy a house. How "do able" is that? Does it just mean i pay a higher rate of interest? And whos the best people to go to to apply? Hope you can help Survivor28
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Interest Only Mortgage question
My husband and I have had our mortgage since 2003 and have always had a repayment mortgage. Our current fixed rate is coming to and end on 30th June and I was thinking about changing to interest only to free up a bit of money every month to pay off my existing debt. I have looked at the HSBC Fees Free Lifetime Tracker and…
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Pay off mortgage?
My son has about 15 years left on his small mortgage (he's 40), and now has accrued enough money to be able to pay it off in total. My thinking, rightly or wrongly, is that although it's nice to be be mortgage free, he might be better investing the lump sum,(possibly tie it up for a few years in a bond and get the…
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Potential remortgage -= help with maths appreciated!
Hi folks, I'm considering re-mortgaging. To me it looks like a good move - but maybe I've overlooked some potential fees or pitfalls...? Your help is appreciated... Property / Balance Balance = 66K Property value = 90K LTV = 73% 2K overpayments are being made monthly with the aim of repaying the mortgage in a few years.…
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Overdraft Charge
We have just got back from holiday to find an overdraft charge on the door step. We went over by about £3 for less than a day, moved funds as soon as we realised. The annoying thing is we had plenty of cash in other accounts, and thought we had enough to cover bills in there. Will this go against us when applying for a…
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Take Dividends to pay mortgage or leave it in Ltd Co?
Hi, Can anyone help as I am very confused.... I run a Ltd co falling outside IR35. I am due to finish a fixed rate on my interest only mortgage soon and then will be allowed by the mortgage co to pay capital - yippee!!! What's confusing me is this - should I continue on interest only thus keeping my dividends low and wait…
