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Mortgage payment break
My husband and I have a joint mortgage with Halifax/Bank of Scotland. We separated 20 months ago and he chose to move out. He has not paid a single penny towards the mortgage or other costs related to the house since last August. He refuses to enter any discussion with myself or my solicitor with regards to the division of…
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Letting and Buying advice please
Hi, Wondered if anyone could advise... We have a flat worth £350k and mortgage of £250k. Next year we are looking to buy my Dad’s house from him for £350k. I’m wondering if it might be a possibility to let our flat out (income £1200pcm, mortgage if went interest only would be £600pcm.) The flat is in an up-and-coming area…
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defective property buildings insurance
Hi, I'm in the process of buying my council flat. Getting it for £12000. The problem is, its a Whitson Fairhurst concrete build and as such has been placed on the 'defective list'. Does anyone know of any companies who provide buildings insurance for these type of houses? Thanks in advance
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House valuation
Hope i'm posting this in the right place, apologies if i'm not. I went to see our mortgage advisor today as we currently live in a shared ownership property and we were looking into buying the remaining share. She told us as a rough guide they use the RPI index and our house value has therefore dropped. Before I consider…
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Switching from Nationwide to The Mortgage Works
What do you think of this? When I decided to look into re-mortgaging my current property to benefit from lower interest rates, I was advised by Nationwide that, as long as I keep my mortgage with Nationwide, I could switch to a better rate and the early repayment charge on my current mortgage deal would be waived (approx…
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Estate Agents have withdrawn our property from the market
Hi, I wonder if anyone can offer some advice on this... We received a letter from Connells estate agent today, stating, Further to previous correspondence (None received) we have now terminated our contract with you and therefore withdrawn your property from the market. They go on to demand payment within 14 working days…
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mortgage advise
Hi I currently have a joint mortgage with the Halifax bank, this mortgage is with my ex partner, She has moved out and i want to transfer the mortgage into my sole name do i need to have a deposit or equity in the house to do this? Also there is a default of £320 i have on my credit file for an old current account with…
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Morgage Advisors/Brokers - how bad are they ?
I have recently come indirectly into contact with one. They are apparently good at bird-dogging a mortgage application through and getting it accepted on reasonably favourable terms. But in terms of the wider view, understanding some of the legal issues and complexities, ensuring consistency in communications, and being…
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Friend refusing to pay his share of mortgage!
Hi sorry if this is the wrong place for this thread please move if required. My brother shares a house with his friend and his friend is now refusing to pay his share. What do you think my brother can do? could he sue our friend for the money? what happens to ownership of the house if my brother is forced to pay his…
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Tracker mortgage, is it right to switch to?
Hi, I'm currently coming to the end of a 5 year fixed rate deal(5.09) and don't know whether to take another fixed rate deal or go on to a tracker mortgage for a while. Seen a tracker with overall cost of 2.4 just now with HSBC and have seen various fixed rates also if I go for fixed rate should I tie in for 3 or 5 years…
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Keep money in savings, or overpay mortgage? BUT house move on the horizon.
As things stand: I have an £84,000 mortgage with Santander. I'm 5 months into a 4 year fix @ 4.49%. I have £17,000 in savings with Lloyds TSB, but their interest rate is due to fall on the 27th June. So I'm thinking about moving the money to Santander's eSaver account which receives 3.0% gross and instant, penalty-free…
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Scottish Widows Unit Linked Endowment Policy
Hi Some general information please. I have a Scottish Widows Unit Linked Endowment policy that I am paying £30.00 per mont into. Current value is £10,600 and is expected to mature in 5 years time. I cannot work out what the current interest is that we are getting on this policy. It is not linked to a mortgage or anything,…
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Any have experience of the Chelsea income multipliers?
Hi, just wondered if anyone has any experience of chelsea building society's income multipliers. I already have a mortgage with them and am looking to move so would like to know how much we can borrow, the only way to find out is to speak to an advisor which can take up tp two weeks! I am on the waiting list at a couple of…
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Endowment pay out and tax
Hi I have an endowment policy due out next year there is a short fall on it, however the main question is as I am due to a divorce, selling the house will I have to pay tax on it? The policy started in 1987 and what ever money is due will go to reducing the current mortgage. Accepting there is a short fall on the predicted…
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is there such a thing as a "bridging" mortgage?
something you could use between the buy of new property and the sale of your old property? or does one really need to sale before buying?
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Can I change my mortgage offer before completion?
Hello I've received my mortgage offer almost 2 months ago but after just checking the bank's website I've noticed that their interest rates and product fees have gone down. Can I get my mortgage offer changed to a better deal before I complete? I don't have a completion date yet on my purchase (probably in the next three…
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Abbey - Processing Time?????
Hi, Just wondering if any of the experts on here know what the approx turn around time on Abbey Mortgages is at moment??
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Leeds BS application
I have applied to Leeds Building society for a £37500 mortgage, I have 10% deposit, it is a shared ownership property of which I would be buying 25%. I got an AIP from Leeds and have submitted my full application. They seem to have been very slow and quite disorganised, asking for documents that they have already…
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FREE!! WHICH mortgage advice
Just got my copy of this months which magazine and big article about the free mortgage advice service being offered. What do you guys think?
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How early can I arrange re-mortgage?
I have a fixed rate deal that ends in Jan 2012 ie 6 months time. I was hoping to lock into a new fixed rate but obviously can't move banks prior to Jan 2012 as I will incur ERC's. Thanks
