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please help !! morgage and overdraft
please help worried sick, i have had a morgage agreeded in principle with the halifax, i had a 10% deposit however they said they would only do with a 16% which i have found so now putting a deposit of 12,500, i have told them of my loan and credit card, they have agreed in principle to the morgage on the condition that…
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Contract running out and need a mortgage
I am a contract worker in the charity sector with six months to go on this current agreement. There is no guarantee that I will be re employed but likewise none that I wont. Prior to this i had always had permanent posts and obviously I am looking for work elsewhere now but I need funds fairly soon and wonder what options…
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Anyone had experience of selling house for less than owing on mortgage with YBS?
Hi, I want to sell my house for less than I owe on the mortgage (in negative equity). The YBS tell me I can do this but will have to agree a shortfall repayment plan with them. Just wondered if anyone had experience of doing this with YBS? or another provider? Thanks
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was it bad mortgage advice?
I took out a mortgage to buy a house Oct 07 with, my then, partner. The house cost £115k and we took out an extra £8k(total borrowed £123k, we had no savings for a deposit) . At the time my partner and i had earned about £30k for the previous 12 months combined, though, we lived apart (both rented) and my partner was in…
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Costs of mortgage redemption
We are about to exchange on our house sale. Our solicitors gave us an original cost of redemption on 25.5.11 and on the 31.5.11 updated it as we were approaching exchange. The cost had crept up in the meantime. My payment to the solicitors, including redemption cost cleared yesterday. Today the estate agent informs me that…
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switching to IO deal with same lender mid-term
For reasons of affordability can I approach our current lender to see if they will allow us to switch to an interest only deal for the remainder of our term if we meet the criteria?. Also Im not migrating away away from our lender so will redemption fees be an issue if we can proceed? Thanks as usual F
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Nationwide Mortgage
Hi All This has probably been asked several times before.. we are currently on Nationwide's 2.5% BR after coming out of our 2 yr fixed in December. We paid in a lump sum in January which took 10 years off our term. We are in a position to over pay at the moment and also have some savings in other accounts and an ISA. THe…
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remortgage / bank incompetency issues
hello, thought I would put my situation to you guys. in jan , i decided to remortgage with a large bank, whom I have been with for over 20yrs. I wanted to remortgage to the max value of approx 50-60% of the worth of the house. all was fine credit ref ok , etc, etc, i was told I did not need revaluation and it wasn't worth…
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Am I likely to be accepted for a mortgage? Any help appreciated.
Good afternoon everybody, I am looking to get a place of my own and I am in the process of saving a deposit. I have been reading that 90% LTV mortgages are still very difficult to obtain at the moment. I was just wondering if anyone out there with a knowledge in mortgages would be able to tell me if I am likely to get…
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Santandar avin a laugh
My five year fixed is coming to a end soon so i phoned them this morning to see what they could offer me We got a A and L mortgage with them. At the moment we are paying 5.04%. So theres me hoping for a two year fixed at no more than 3.75. Oh no says the young lady on the phone best we can do is 4.49 for a one year fixed…
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FTB (Bored of these types of thread yet?!)
Ok before I posted this I have done a search for similar threads in the past but not come across anything that quite matches my situation so be nice please!! Me & my partner are both in our mid twenties and are looking to buy in a cheap area. House price about £80k. We have initial deposit of £25k - could possibly stretch…
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HELP! need to port mortgage but low credit ratings!
Hello all, Me and my partner moved into our 2 bedroom house which we bought for £104,000 and mortgage was £96000 6 years ago both with £19000 incomes and good credit ratings however since then we got into debt. Our house is now too small with a child and one on the way and we have been offered once in a lifetime chance of…
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Are interests set to go up or come down?
I know that's potentially a 'how long is a piece of string question' but I wondered what the general consensus is? I know on Martins advice I've fixed utilities rates. My mortgage deal ends in September at which point I can go onto a fixed rate of 3.48% (£199 set up fee) for 2 years or 4.24% (£199 set up fee) for 3 years…
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short fall help please
My in laws have a short fall of 45 thousand on there morgage which has been paid at interest only due to my father inlaw injuring his back a few years ago, there will both at retirement age next sept, could some one please tell us of our options. ( sorry about the bad spelling ) thank u in advance
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Mortgage deals for business owner
I need to know which lenders would offer a mortgage based on my 2009/2010 dividend and salary income that would be confirmed by an accountant. Can anyone point me towards potentially suitable lenders? I cannot use my percentage ownership of the business as my 30% share would not provide a sufficient amount for the loan…
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First Direct
Hi there, We've come to the end of our fixed rate with NRock and they are unwilling to offer us a half-decent deal at the moment so we are looking to jump ship. We've always been fixed rate but are contemplating a tracker. First Direct have offered us a tracker of 1.99% above base rate for the term of the mortgage (18…
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Mortgage approval
Hi all Just after some advice. I have recently cleared a £5000 debt on my credit card - last month. It should be reported to the credit agancies on the 8th June. This will leave the balance at zero. Myself and my partner are applying for a mortgage this month. Our joint earnings are £2700 a month. We would be taking out a…
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Additional borrowing questions - affordability etc
I am after a little bit of advice from you fine people if possible as I am not massively experienced in the world of mortgages. Our situation is that my wife and I bought our first house 7 years ago, a relatively large house for our first house that needed work that we have done (quite a lot actually). We are now looking…
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Advise for re-mortgage.
Good evening, Looking for some advice please. Currently owe £68,000 existing mortgage, house valuation £150,000. Was with Halifax on fixed rate, now expired and on default variable rate and looking for a new deal. I am considering paying lump sum of £20K off, leaving me with £48K and also shortening the term to 10 years…
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Confused by mortgage payment, Please help
Hi, I have a repayment mortgage and took out a 5 year fixed term 4 years ago at 6.69%. I am looking at my annual mortgage statement and think I'm being grossly overcharged and hope someone can confirm this or put me straight. The main points are I now owe £15,000.00 Interest Rate 6.69% Monthly mortgage payment is £443.00…
