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Moving with negative equity
Hi, First time poster in a bit of a pickle. Any advice or experiences anyone can share would be fantastic. Basically, I bought my home (as a first time buyer) at the start of 2008 for 104,000. The Mortgage was for 93,000. So now 3 and a half years on the need has arisen to move to a bigger property. The problem is, with…
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Endowment maturity value
My endowment policy matures next year and the insurance company is currently advising a maturity value for a £50 per month policy of about £31k. I am paying £20 per month. Is it simply a case of taking 40% of the £31k to arive at what I might expect, or is it more complicated than that?
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Royal Liver Endowment
I started paying into an endowment policy in April 2001. £25 per month. At the moment they are saying that after the term of 15 years i will get £4259.21 when it matures in 2016. By then i will have paid £4500 into it (£25 x 12 x 15 yrs), so it will have made a loss if no more bonuses are added to it. No bonus has been…
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Mortgage help please
I'm after some advice please its a long story and been going on for a number of years now but i think we are reaching the end.... in 2009 we were unable to pay out mortgage and then had to contact our mortgage company to advise them we would be making a contribution and that we were putting our house on the market to pay…
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Mortgage Advice
HI We have been given a AIP by halifax, the full application was submitted on the 2nd, the valuation took place on the 9th have received the valuation report yesterday everything is OK. What I would like to know is do the Halifax asses the application before the valuation is done. We are hoping to complete by the end of…
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Getting a second mortgage
Hi i currently own a house and am wanting to buy a second one. would the second house be suseptable to any taxes if i bought it or sold it at a later date? Thanks
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When fixed term expires can they wriggle out of variable rate?
We took out a 100% LTV mortgage with xabout four years ago. It was a five-year fixed rate of 5.89% reverting to a lifetime tracker of Bank of England Base Rate + 0.75%. We have a great credit history, long-term well paying jobs so are probably one of their best risks in the 100% LTV. Current LTV is probably about 98%…
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Mortgage Products - Interest %
Hi, Just a quick one. With mortgage products, does a lender set an interest rate for that product, and then anybody who applies and gets accepted for that product (whether its a 2yr fixed, 5yr tracker etc) gets the same rate? Where as with an unsecured loan, you apply, and if accepted, you get told the rate they can do the…
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Best current buy to let mortgages
Hi, does anyone know the best buy to let deals around at the moment whcih flexibility to over pay and end early without any penalti deals. Looking at fixed and trackers at moment but will probably opt for the tracker. thanks
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Any recommendations for a Mortgage Broker?
I wonder if anyone can recommend a whole of the market mortgage broker in Scotland? I'd really like some professional advice and am a bit stumped by the amount of different ones available. Thanks
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100% mortage that not complete moratage!
Hi We brought our house in 2008 for £133,000 when we thought about moving mortages after our three year fixed term we got a little shock. Our mortage is £100,000 with an unsecured loan for the rest £33,000. We didn't know that we had a loan and thought it was all the same thing- all mortage. We pay interst on both part the…
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Too old? advice needed
Evening all, I am looking to move house shortly, i have seen one i like but in order to get a good deal i need 20% (new build) the 20% means i need 48K deposit which i can only muster 15K. My father has offered to re-mortgage his house and give me the money i need for the deposit, he currently owes about 30K on it and i…
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How long to update land registry
Purchased property. Completed on Friday, pretty straight forward purchase. Just order a title register on land registry site for 4 pound for own records and for confirmation solicitors/lender has done everything etc. The title register still shows old owner and no mention of me, or my lender Halifax, how long does it to…
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Advice on how I can mortgage/remortgage
We bought a property a couple of years ago which needed renovating and got an interest only mortgage for 5 years on this property. The property we live in is owned outright. My question is how do I go about getting a mortgage on the property I own outright so that I can repay the other mortgage. Why do I want to do this?…
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bank statements required, info required.
Hi there, I have a provisional agreement on a mortgage deal and, after originally not asking for them, the bank has now requested 3 months bank statements. This I know is common practice, but having made sure my account was clean as a whistle since Jan, I logged in after a week of not checking it, to find I had gone over…
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"joint family mortgage"
I am 57, my son is 37 if we bought a house with a joint mortgage, house value approx 120,000 deposit of 30,000 would we be likely to be given a mortgage over 20 - 25 years
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let to buy - any advice?
I've been trying to sell my flat since February with no joy - it's suitable for a FTB and there just don't seem to be many around. I'm moving areas and have seen a couple of properties I'm interested in, but am stuck. I don't want to reduce the price much more as it really affects what I can buy (i've got 3 small kids and…
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How does the shop next door affect a mortgage application?
A good friend is hoping to buy a small flat above an interiors shop. The shop next to this is a nice restaurant (quiet, clean, sit down meals etc.). Her mortgage broker has advised that the restaurant could affect her application with the lender. She has her heart set on the flat and is quite worried by what the broker has…
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Credit Report Problem
Hi, I looked at my Experian credit report the other day and they had got my address a bit wrong. Therefore it is not showing much credit history for me. It even says that I am not on the electroral roll (which I have been for the last 5 years at this address). By contrast Equifax shows all my history and shows that I am on…
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Job change mid mortgage offer
Hi, looking for some adice regarding changing jobs mid-way through the process. Valuations etc have now been completed and our firm offer should be arriving within the next day or so. I have since, however, been offered another job who want me to start asap so are keen for me to hand in my notice in my current position as…
