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Am i nuts or thinking logically for the future??
Do I need my head read or is this logical?? Anybody may reply and i wont be offended if you call me allsorts?? We currently own a 2 bedroom house worth 140k with an outstanding mortgage of 120k. We have tried selling but nothing is shifting, we are outgrowing fast as we have 2 kiddies and more toys than you could ever…
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Mortgage Loan
I want to improve my monthly cash flow and reduce my mortgage term, so I was considering opting for mortgage refinancing. Can I get a home mortgage loan if my credit is bad? Can anyone tell me a mortgage company which will give loans at a low rate of interest in Toronto?
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Arrears Fees & Interest
Hello, Just after a bit of advice if thats ok - I've got an interest only mortgage which over the last year, I've missed payments and had payment arrangements on. In all, theres been about £600 of bank fees added to the balance, on which interest is being charged. I've realised though, that the bank have never amended my…
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Accord questions (any brokers out there who can help?)
http://www.accordmortgages.com/products/mortgage-product-range.html I am interested in the new Accord mortgage. Fixed for 5 years at 4.19% with £95 booking and $400 fee. Plus valuation fee. I see that I require 75% deposit. The builder is giving me 5% towards my deposit. Let's say the price is £100 for simplicity, does…
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ING are mean.
I am trying to get hold of some cash to add a conservatory to our house to be used as a dining room, freeing up space for the kids to play. My mortgage is with the ING, the house was purchased at the end of 2007, I haven't missed any payments, I have a 999 credit rating and have paid off 10% of the mortgage in three and a…
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Problems with Abbey
Has anyone else had any issues with their mortgage application with Abbey? My mortgage broker put in my mortgage application 4 weeks ago. It took them 3 weeks to come back and offer me £4K less than I needed. I managed to negotiate with my vendor and understood the Abbey were arranging the survey. My broker has just phoned…
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Mortgage when paid on dividend
Hi all, I need some advice please on obtaining a new mortgage. We currently have a portable mortgage with the Halifax and are 3 years into a fixed 5 year deal. Since obtaining this mortgage our employment status has changed and our salaries. We have been running our own business for the past 6 months and are both directors…
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Can't get a mortgage. Someone please help!
Hi, I'm new to this site, but hoping someone can help. My boyfriend and I are first time buyers who have fallen in love with a particular property. Unfortunately, this property is a flat above commercial premises which is part of a conversion of a listed building into 12 new flats. We have a 15% deposit, but can't stretch…
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Capitalising arrears and MPPI
Hi..........
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Court Next Week....
Hi all, I don't know if some of you have read my post earlier this month Re - The Halifax pursuing us over our outstanding arrears? But, We are attending Court next week, For our hearing. I never honestly thought it would ever come to this, But I am TOTALLY ANGRY with the Halifax !!!! They have not consulted with us, And…
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Applying for a mortgage which is more than the earnings ratio....
Two brokers have put forward their best 5 year fix deals that they can find, - but I have found a MUCH better deal myself with First Direct (who do not go use brokers). However, First Direct say they will only lend 3.5 x yearly salary, and I want to borrow 4.5 x. I do however have a reasonable deposit - 73% LTV. And for…
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Nationwide Mortgage and Holiday Let
I have owned a holiday let for 5 years now and have had a mortgage with Nationwide for all that time. When I got the first mortgage deal I went through a broker and got a fixed 2-year deal. When I got the second mortgage I went to Nationwide directly and submitted copies of accounts showing income and expenses relating to…
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Specialist query: self-build / pensioner
I am a pensioner. I own a large house (no mortgage) but have limited financial assets. I have a plot of land with permission to build a smaller house. What is the best way to finance the build? My plan is to move into the new house once it is built, and sell the large house. However I need some form of bridging finance.…
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Negative Equity Options
Does anyone have any suggestions? I'll try and keep this short. Bought a flat 7 years ago, paid 20K deposit and 110K on mortgage, I now owe 92K approx! I am desperate to move but 2 bed flats are now selling for 55K - 65K around here. I don't have access to funds to cover the shortfall. I can't rent it out as rental fees…
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Let to buy valuations
We are currently looking to purchase a new home and will be changing our current property, which has approx 60% equity, to a let to buy. Unfortunately our offer was turned down on the new house and any higher offer we put in is dependant on how much we can release on our 75% let to buy. We can raise the deposit, but will…
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deposit and tax
My dad is gifting my husband and I 100k for a deposit. My husband heard on the radio today that any gift over 50k was subject to tax, is this true?
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Mortgage for Temp Worker??
So Mother has been trying to remortgage. She'll be 61 next month and wants a £62K mortgage, repayment, 14 years, to end on 75th birthday. Has perfect credit history, low DTI and limit to income ratios - credit file is perfect. She has temped for the local authority for ~ five or six years now. She receives a steady income…
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First Active Mortgage
Hi I had a 5 yr fixed rate of 5.19% with 1st Active.This ends in August and i then will go onto their Long Term Rate of 1.60% (1.10% above the current Bank of England base of 0.5%) So their long term rate tracks at 1.10% above base.Can anyone see any good reason why i should go and search out another fixed rate mortgage…
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Which lenders don't charge for mortgage indemnity premium
Hi Most of you will be aware of the mortgage indemnity (guarantee) premium payable when LTV exceeds 75%. My question is which lenders DON'T charge borrowers for this. (Have searched the net and suprisingly -it can be very expensive- very little information to be found). I know the Nationwide BS don't charge, anyone else…
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Mortgage declined after giving promise?
Hi guys, Just had a phone call from our mortgage provider (to be) saying that our application has been rejected following their searches being conducted. Can anyone tell me what searches they are likely to have done because they wouldn't give me the reason for the rejection and we need to obviously sort this out as we have…
