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MSE News: House prices down 4.2% over the year
This is the discussion thread for the following MSE News Story: "House prices fell at their fastest annual rate for 19 months during May as buyers continued to stay away from the market ..." Read the full story: Halifax: house prices down 4.2% over the year This thread is not in the 'discuss house prices and economy board'…
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Proof of ID and address for mortgage application
I've applied for a mortgage with the Halifax, who I've banked with for 2 years. Valuation and survey done, no further info needed, awaiting mortgage offer, etc, when they suddenly ask to see proof of ID and address again. I've already been to the branch in my nearest town with my passport to get it verified and faxed over…
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Buy to Let - Income proof needed?
Hi All, On a buy to let mortgage what level of personal income is needed to show aside from the rental income?
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Removing my name off mortgage and deeds
My partner and I have got divorced and as part of the financial agreement I am keeping my pension and she is keeping the family house. Now I have an amazing mortgage deal at present base rate plus 1% for life of mortgage. My partners concern is will the bank ( barclays ) try and change the mortgage terms if my name is…
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sold endowment
I sold my endowment about 6 years ago but can I still claim compensation for a mis-sold endownment in 1992
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Exit feeS
Hi there, I know theres a huge thread on exit fees but I cant find an answer to my question anywhere. Basically I had a 3 year mortgage and Ive sold my house with 2 months left. Im not buying a new place so want to pay my interest only mortgage off completely. The early payment charges are £2000 but my monthly mortgage is…
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To Buy Now Or Wait
Hi, We have an endowment mortage. The payments are forever increasing and we are ever hopeful that at the end of the term the mortgage will be fully covered. I would ideally love to move house now but my hubby thinks we should wait until the mortage is "hopefully" paid off in five years time. My worry is that we will be in…
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Bankruptcy and Mortgages
I made myself bankrupt 4 years ago and now have a great opportunity to buy a Council house with a large discount, any ideas if this is possible and if it is where i should start looking for the best deals? Many thanks Andrew
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Self employed mortgage
Hello all, I have seen a number of posts on here relating to obtaining a mortgage for those who are self employed but was wondering if someone might be able to help me? I am wondering whether it will make a difference that I have worked in the profession I now freelance in for five years (and as such know the ebbs and…
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endowment complaint
Dear all, I would welcome your advice/opinions/knowledge please. I took out an endowment in 1992. :T (yes I know) Following advice , I complained in 2003. Received a knock back letter saying that because I had asked for an endowment policy from the company (Reid Financial), my claim was invalid. This has been seething…
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offset mortgage question
Hi folks this question is theoretical as its designed to help me understand offset mortgages if i have a mortgage of 70K over 25 years i then offset my savings of 70K against the mortgage bringing my monthly payments to 0.00 at the end of the 25 years assuming the 70k is still saved (offset) and i want my 70k savings back…
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Temp worker buy to let
I wanted to know as a temporary worker will I be able to get a mortgage to buy a flat to rent out? I have a 20% deposit, I was made redundant last year and have for the last 7 months been temping in the same place. Does anyone know where I can go for some impartial advice, or whether its a good idea? Thanks
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Mortgage and a 0 hour contract?
Does anybody know how likely it is any mortgage providers will accept a 2nd applicant on a mortgage that works on a zero hour contract? I should be starting a new job soon in Home Care which will be a zero hour contract (although I should be working 25hours+ per week.) My OH works full time, with a proper contract for the…
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Let to buy mortgage
Hi all, I am interested in finding a Let to Buy mortgage (no not a typo!), in order to rent out my existing home and release equity to buy a new home to get a homeowner mortgage on. However Google comes up short on comparing rates for these at it often points me to Buy To Let mortgages. Are there any comparison sites for…
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FTB - Recently cleared credit history
Hello everyone, Last year my boyfriend and I tried to buy a new build house with a 5% deposit but had it rejected due to my late payment history. I had no idea about this at the time and to cut a long story short I talked to the company involved and they removed everything off my credit history within a few months. My…
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Help With an Offset Mortgage Decision
Hi All I am hoping to buy my first flat soon by myself. I am self employed, and although my work is going OK, I need a little safety net against the possibility of decreasing earnings, so I am thinking about an offset mortgage to keep the flexibility of having savings. Here are some of my figures: 2010 profit before tax =…
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Will I be renting for the whole of my life?
Any knid of mortgage advisor out there, please feel free to chip in!!! My situation is a strange one.....I'm 28 and take home approx £24,000 per year. My partner is 35 and takes home approx £20,000 per year. I was saddled with all kinds of things that weren't paid by by abusive ex, most of which are almost paid off. My…
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Mortgaging own home
One of my children has hit a temporary delay in their mortgage application clearing and may lose the house they are buying. If I lend/give them the total purchase price so that they can pay cash, will they be able to mortgage the house at a later date to part pay me back? If so, is it more difficult or more expensive to do…
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Negative equity and wanting to sell
Hello all I bought a house with my sister four years ago (at the height of the market). We got a mortgage with Northern Rock who offered us over 100% to cover the cost of the house, the deposit, the fees and some money to do it up! The house is now worth about £150k (max £155k if we're really lucky) but the outstanding…
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Urgent mortgage advice needed please
Hi there, I currently own a property jointly with my husband. The house is currently rented out to tennants. They have just given 1 months notice to move out. We want to sell the house, however cant afford solicitors fees etc etc. Neither can we afford the mortgage whilst its selling and/or looking for a tennant. Clearly…
