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separation- 2 properties-1 in negative equity
Hi, New here, apologies if this is in the wrong place. My husband and have separated. We will of course be getting some legal advice from a solicitor but I just wanted to put this scenario to the forum. We have our family home worth about £150K with 40K mortgage outstanding. I want to move out at some point and move away…
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Thinking about growing up!?
Currently renting at a seriously cheap rate, have about £400 a month over after play money, food, DD's etc, I need some advice as to where to direct that money best with the ultimate intention of it becoming a deposit for a flat/step towards securing a mortgage. I've got some savings but would need to triple what's there…
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95% Mortgages
Hello people My partner and I are looking to buy a house , we are both debt free and jointly earn £59000/year.we have a deposit towards a new hose but are really looking for a 90-95% mortgage . Can anyone help as when i look online am told our ltv is to much/little , if you see what i mean. Cheers Simon
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Taking over a mortgage
Hi guys, just after a bit of advice, I am thinking about buying my girlfriends mothers house and I am wanting to take over her mortgage. She has 89000 left on the mortgage and I was wondering would it be possible to do this? if so then how would i go about it? would I have to pay anything to her bank/ solicitors etc? I am…
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NRam mortgage
Hi, I am currently with NRAM, our fixed rate ended a year or so back, we also have a secured home on our house (taking the loans to around the value of the house!). We also have debts getting paid off through a DM plan. We want to move, to build up at my in laws. This would mean us cutting our mortgage etc by at least…
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Post deleted.
Thanks to everyone who has replied to my question. It's been answered now, so thank you everyone.
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Remorgage with criminal record
Does having a criminal record affect being able to get a mortgage? Its not me by the way but my ex - I'm still on the mortgage and deeds but don't pay it or live in the house!! Ex wants to remortgage but I do not want to put my name on any other paperwork other than what there is already - mortgage lender will not allow me…
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Debts and First-time mortgage
Hi guys, I'm hoping to get a mortgage as a first-time buyer. I dont have the greatest financial past, or present, to be frank... However, I've been offered £55,000 from a family member who just wants to help me out. I dont feel great about that and my first reaction was not to accept it, but I think it may be my only…
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Income protection insurance
Please can someone let me know if i can claim on an insurance policy. I was made redundant recently and have a policy but i have since taken out the mortgage got another one buy to let and have rented out the property to live in the new one. I don'thave any other income but am worried as i forgot to inform the insurance…
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Re-Mortgage
Hi All Im looking for some advice if possible more than anything to put my wife's mind at rest. We applied for a re-mortgage approx 2 weeks ago through the Bank. Since then everything seems to be moving very fast exactly the oposite to what we were expecting. We spoke to the Mortgage advisor on a Tuesday, she took us…
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Endowment. Court action?
Would it be a good idea or a crazy idea to go to court over a poor endowment pay out? My 25 year endowment is paying out at 57% below the projected figure. The 1986 brochure says "because we believe it is better to err on the side of caution, rather than over optimism, your Minimum Cost Endowment Plan takes a conservative…
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How long to fix for?
Hi, we are currently on Nationwide SVR after our 5 year fixed rate (4.95%) ended last June. Obviously this is a good deal, as only paying 2.5% currently, but clearly interest rates will start to rise at some point, meaning our mortgage repayments will as well. Therefore, we are thinking of getting another fix, sooner…
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valuation
Hi, Bought my house in aug 2008 for £250000 + £5000k fixtures and fittings Looking at remortgage deals , i need the house to be valued at £280000 to get the deal i want Improvements to the house since we moved in have cost £35000 , this includes garage conversion of one of the two attached garages to make dining room and a…
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Advice needed Northern Rock together mortgage, discharged bankrupt
Hi, woudl be really grateful if anyone can offer me any advice/guidance. I have a NR together mortage with my husband who I have been separated from for 2 years. He has never paid since moving out and left me with £30k of unsecured debt in my sole name so last March I went bankrupt and was discharged in Sept last year. I…
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NRAM - advice
For years i been with Northern Rock and now NRAM - My current deal ended last year and on base rate (so no tie in). I had some problems 18 months ago and defaulted for couple months, (buried head in sand - silly) am now in repair mode for my credit file and worried i be knocked back applying else where and making my credit…
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Another mortgage
Evening all, Ok, I need to know if I would be able to get a second mortgage. My details are as follows; Earnings £35k plus £10k freelance Mrs is now housewife so no income 1st mortgage is a joint with my mrs 50/50 its £748 per month but the house is let on a long term let and brings in £575per month, so we top up the…
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FTB - do i need 20% dep
I have my eye on a house - i currently have 17% of the asking price although I plan to try and get them down a bit. This will still leave me 1 or 2% short of 20% - I have heard there are more morgage options avliable for people with a 20% dep is this true?
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New mortgage
I am on a fab tracker at the moment. (1% above base) I have a hunch that inflation and interest rates will sky rocket (due to the bank of England "qualitative easing" or printing money to you and me. Should I go for a fixed now as an insurance in case this happens ? or stay as I am on the fab deal? If only we had a…
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Can some one please tell me if I am paying too much?
Hi there I have a mortgage of £212, 329.71 which is interest only with the Halifax. My interest rate is 3.5% I have just been trying to work out how much it will go up for each quarter percent, but I have tried 2 different mortgage calculators that both say I should be paying about £619 at present, I'm not - my monthly…
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mortgage decision help - to offset or not?
Hi, I'm hoping someone can help us with our decision about what to do about our mortgage. It's on a fixed rate at the moment and will expire on 1/9/11. We're thinking about going on an offset product as I have about £11k in ISAs which I can offset and we have another £5k in savings. We can also save about £500pm. The…
