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Offset Mortgage - possible mis-selling?
Hi! Does anyone have any experience of submitting a complaint for the potential mis-selling of an offset mortgage? Ours is with the Woolwich and we had been told / understood that any monies we overpaid would be maintained in a reserve account and would remain available to us at all times and would just be debited back…
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going to see mortgage broker tommorrow
Hiya just a quick one we are going to see Mortgage broker tommorrow my details are 4 years ago fell out of work and had defaults for me and my wife all defaults were added 4 years ago all of them have been settled except 2 I have £70000 equity in my home and the house we have saw is £200000 i earn £43000 wife earns £11000…
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95% Mortgage
I am currently renting but looking to purchase my first home. I put an offer on a property last week and am hoping to find out tomorrow whether offer is accepted (or more likely rejected!). I have approx 10% deposit saved, however, when I last spoke to a financial advisor they mentioned that there were a few 95% mortgages…
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Two names on land registry but 1 person paying mortgage
Just recently split up with my partner,whos name is on mortgage and on land registry,but im the only person who has paid the mortgage from day one from 2001,the mortgage was only based on my wages as she was pregnant and out of work,we have never had a joint account and never married,and ive paid every penny of mortgage…
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Can I get a loan for my deposit?
In the summer my house is due to be put on the market of which I get 40% of the proceeds (not a good divorce settlement....:() It was valued at £460k 3-4 years ago so I expect it'll make around £400k now, and I expect to get around £160k out of it. The bank has said I can get a mortgage somewhere up to £300k with that kind…
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List of Fees Charged by Mortgage Lenders
Hi All I am investigating the fees charged by mortgage lenders, and making a list of the various fees imposed for my own education, examples are below. I would be most grateful to those who can post further examples, with a brief description plus typical fee amount. Many thanks. Mortgage Product Fee - Fee for providing you…
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How likely am i to get a remortgage/mortgage with outstanding debts?
Hi all, After a bit of advice....... I have a mortgage, had it for 11 years. 3 years ago, i split from my then husband (now divorced) and found out he had not been paying the mortgage. I had a very very messy divorce and had to give up my job and therefore got into a bit of a mess with bills etc. I got back on track with…
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using equity to buy another property
Hiya, currently we own a £275000 house with £88000 left on the mortgage. We dont have a good pension scheme, so was thinking would an option be to use the equity on our house to buy an apartment and then rent it out? Does anyone have any advice or experience of doing this? Feed back greatly appreciated.:T
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Optimising My Mortgage: equity increase, switching & repayment
Hi all, I've come here for both some advice, and to start a bit of discussion really, as I don't believe I can be the only one in this position. I night a house as a first time buyer at the very first opportunity I had with a decent (around 15 %) deposit while being able to secure an affordable mortgage (0.04% above for 2…
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selling my house to son
i am wanting to move house to scotland and my son is wanting to buy my house which he is living in, he has a debt which he has been paying for 3 years which is his only debt, i am considering paying his debt off for him so he would be free to get a mortgage on my house which i only want £65000 for but he wants to put part…
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Lump sum or not?
1st year into the property market so please excuse me for the lack of knowledge in this area. Got a joint mortgage last year with the wife and have been paying interest only on a 2yr fixed mortgage which end May 2012. My agreement says I can voluntary pay 10% lump sum every year with out any penalty charges. My question -…
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Endowment misselling claim
Please can somebody help with my situation. We were advised to take out 2 endowment mortgages in 1991 and were contacted by the bank advising that there was a shortfall on one and the other was on track in decemeber 2006. we subsequently recieved approximately £1000 because of the shortfall. However we were told when we…
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Question about SVR's
Hi Is the SVR that will be available to you at the end of your fix based on your own personal BOE+ xx% ? What I mean is, if the BOE rate rose to 5%, and your banks SVR changed from say BOE+4% to BOE+1%, do you get that rate, or do you get the rate that was available when you took out your mortgage? Hope that makes sense!
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changing one of the people on a mortgage
Hi there, I currently have a joint mortgage with my brother. I'm looking to take my name off my brothers mortgage - his girlfriend is to replace me. The lender has approved the change they have just asked us to get a solicitor to draw up the documentation. I have had a quote from a solicitor which when you include the…
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Part Ownership of Parent's House?
Hi all, not sure if this is the right section, or even what it is I'm trying to ask(!), but here goes: I'm currently living in the family home with my two parents. I'm planning to move out soon and have been saving a mortgage deposit. However, about 3 years ago I decided to lend my dad about £55k to clear his debts and…
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Offset/flexible re-mortgage on Shared Ownership property?
Hey all, I have a Shared Ownership (=SO) flat, which I bought on a Nationwide 2-year fixed rate mortgage. The deal expires later this year, and will revert to Nationwide's BMR - which is fine for the moment, but I'd rather get another fix in case the base rate rises. My current Nationwide mortgage allows me to over-pay by…
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what happens when i remortgage
hello, i bought my first house about 18months ago. the deal i got was with co-op... mortgage taken out over 25years 5year fixed rate at 4.99% borrowed 90k house valued at 120k the first few 5/10 years you pay back alot of interest. at the end of the 5years my mortgage amount remaining would be 80k over 20 years. my…
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Guarantor on dads mortgage- dad died...family contesting- help!
Hi I need some advice! Around 7 years ago my dad bought his council house, because of his age he needed a guarantor on the mortgage and due to my financial situation and stability he asked me to act as the guarantor with the understanding that the house would then become mine in his will. Unfortunatly my father died a year…
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Would salary sacrifice scheme lower the amount I coud borrow?
As the title suggests. I am considering entering into a salary sarcrifice scheme with work for child care vouchers. I am however worried that when I come to remortgage next year it would show my wage as a lower amount and therefore affect what I may be able to borrow. My mortgage is £77000, house value is around £115000…
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Advise with time limit.
Hi, Just hoping for a little advise. At the end of Jan I applied for a Mortgage with help of adviser and it went through fast tracked the same day. Its been 2 months + now and we are doing everything our solicitor asks but he is dragging his heels and not informing us of what is happening. He asked us two wks ago for…
