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Advice Needed Please
Hi All, Hope you can help. After buying a house together on a joint mortgage in August 2009 my ex-partner moved out shortly after in November/December. As I need enough equity in the house with Birtannia to take the mortgage over in my own name, her name is still on the mortgage (I am around £2500 short of having enough),…
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Remortgaging advice
As on November 2011 I have an ERC of £2444 on my mortgage with £123,000 outstanding on a fixed rate of 6.29% which expires October 2013. I believe my home is worth around £170,000. What I am looking to do is see if it would be worth re-mortgaging at this point. The reason I am waiting to this point is that the ERC reduces…
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FTB with a mortgage operating query!
I'm a FTB and have had an offer accepted on a house - yay! Met with financial adviser on monday and got agreement in principle (think that's what it's called?) from santander, now waiting for them to do surveys etc. Question is, I was advised by FA to add santander's £995 fee to the mortgage, rather than pay now, for what…
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Shared ownership Mortgage
Afternoon all, I am desperate to get on the housing ladder. The rent I am paying every month is dead money and could be going towards a mortgage. I have been offered a shared ownership property by my local housing association. Im trying to find a company that will offer Shared ownership mortgages in the current climate for…
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Northern Rock Together query
Good Afternoon all, Just wondering if anyone can answer this quickly, it is regarding my Sister In laws Mortgage. She is in the process of Divorcing/Splitting up with her Husband. We have only just found out they bought the house with a NR together 105% mortgage. The house after being sold will leave a shortfall, of an…
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critical illness cover linked to mortgage
Quick question please. hubby has critical illness insurance . he is having blood pressure problems and there is a possibility that he may have to give up the particular type of driving he does as a job and put on light duties at the same company. If that did happen and he was thought unfit to continue driving, would the…
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How much will I pay off the mortgage in 5 years?
Has anyone got a web site or a Excel Spreadsheet where you can work out how much of the capital I will clear on the first 5 years of a mortgage? e.g. Mortgage £200k, rate 5%, payments per month <> £1k Thanks DG
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Would like to fix for 5yrs - best deal?
Hey all, We bought a property in 2005 and were on a 5 year fixed - this expired in Dec 2010. We then sold that property and bought another in Oct 2010 at a higher price. We ported that mortgage and got another to cover the full price of the property at 85% LTV. So we now have 2 x mortgages for the same property (with me so…
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Back to the underwriters : (
Hello All. We have a mortgage in place with “the abbey”, however during our solicitor search it has come back that we are at moderate risk of flood (because we live with ¼ mile from a river). The solicitors have had to go back to the abbey and the case has been forwarded to the underwriters to check if they will still…
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Mortgage fixed rate expiry
Hope someone can help me as I'm hopeless with stuff like this. I have a fixed rate mortgage through GE Money where the 4 year rate is due to expire in Jan2012. The new rate from Jan2012 on the paperwork is shown as the barclays base rate (in 2008 it was 5.50%) plus 2.59% meaning on the paperwork it shows that my rate in…
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HELP ,can husband use our joint mnortgage to secure loan secretly?
I have a joint mortgage with my husband (17 years to go on the mortgage). I have a suspicion that he has done one of the following: 1. Secured a loan using our home as security 2. Acted as guarantor for a debt for his brother, again using our home as security. As the house is mortaged and not owned outright, and as we are…
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Remortgage advice
Hi, I was wondering if I could get a bit of advice. I currently having a mortgage on my house which currently stands at 57k. The mortgage is a base tracker which is only .25% above the base rate. Me and my wife decided move to a bigger house which we are currently renting, and have rented our house out while it is on the…
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MortgageHoliday months
Hi . i have a mortgage with Halifax and have never missed a payment, i have an unexpected bill and was looking to take the above for a few months. Do you know if i have to pay a charge etc to do this
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advice on negative equity situation
We currenly have a mortgage of around £120k and similar houses are on market for (and not selling ) around £125/30. Clearly we would not have enough for a deposit on another house if we were able to sell so we are stuck. So, we have decided that it would be wise to stay put and extend - this leads me to my question - as we…
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Mortgage advice needed
hi there we are selling our house and buying another. Current mortgage £50K New mortgage £80K Total new mortgage £130K Current mortgage is a tracker currently at 3.19% (2.69% above base rate) tied in to March 2012 and 1% redemption fee (£500). Would the best policy be put all new mortgage onto fixed rate at 3.28% tied…
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please help! mortgage probs.
hi. long story short. sold our house, need another mortgage to buy another one. mortgage is with c&g, they told us we need a deposit of 35% because the credit rating came back as 'fair' (it was around 871 points - checked experian). we thought our credit rating wouldn't be a problem, so we worked the figures around a 10%…
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Endowment morgages
Hi, I took an endowment mortgage 22 years ago and was told that was the only mortgage we could have and we would have approximately £5000 at the end of the term. I took a policy with Alba Life/Britannia paying a monthly payment which was set up for us (this would what I was told would pay off the mortgage after 25years). A…
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Mortgage Offer has just expired!
Hi, I've just got a mortgage from santander for £46k, its only for a shared ownership 2 bed flat. (For some reason I thought it would make sense only going for 40% rather a higher percentage of owership - Now not sure if this was a good idea??) . Anyway the offer expires at the end of the month :eek: ! It has taken nearly…
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Mortgage Adviser wants to charge a fee unexpectedly?
Hi everyone An interesting conundrum - a friend of mine is buying a house. He has contacted a Mortgage Adviser he has used in the past on a no fee basis (MA makes his money thru commission from the lender.) Mortgage has been arranged - with no mention of any fees to be charged to him at any time. The MA completed the forms…
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Which fix is cheaper?
Hiya, I've had conflicting reports from L&C and MortgageMonitor (the two brokers Martin recommends) when comparing these mortgages. The top options are: ING's 5 year fix at 4.49% with no fees Yorkshire's 5 year fix at 4.39% with and £495 fees + £90 exit fee Northern Rock's 5 year at 4.38% with £995 fees The mortgage is for…
