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Paying back Halifax after repossession
Hi,wonder if anyone can help/advise. A friend of mine was in financial difficulties a couple of years ago. Their mortgage was with the Halifax on a repayment basis, they asked if they could go on to interest only and explained their financial situation. The H said no but gave them 1 months holiday payment. During this time…
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will halifax overturn a btl mortgage application?
hi. our house move has stalled for the moment because there seems to be a discrepency with the investor buying our property. basically he had his mortgage application turned down (but he did have a AIP) because he needs to have owned his property (that he bought for cash & is renting out) for six months to do a btl…
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Halifax Mortgage Back-log???
hi there i would like to know if anyone out there is in the same situation as me..... I have applied for a mortgage (full application), the valuation has been done on the property and i have been told by my broker that the offer has been done. its been 2 weeks since that and have been told that halifax have a back log in…
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Getting divorced and in negative equity - please help
Hi everyone, I usually post under a different name, but given the nature of this post I wanted to remain anonymous. Basically I recently found out that my wife has been cheating on me. I suspected it for quite some time but its now become fact and w are likely heading for divorce. A major complication is that as first time…
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Overseas Mortgages.
I'm just flirting with the idea of buying a property in France and not sure where to start looking regarding getting a mortgage. Would I have to have an overseas euro based mortgage or can I have one based in UK? If so. which would be better? I understand that if I buy a second property here the mortgage would have to be a…
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Standard list of outgoings
hi, does anyone know where i can find details of a "standard, goverment supplied, figure for outgoings" that is, apparently, used by all mortgage lenders ... possibly even the entire financial sector please? when i asked the halifax, they were clearly googling for an answer and eventually gave up. thanks
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Any advice welcome - endowment and pension
I have an endowment coming out; the mortgage to which it was assigned was paid of some time ago. I have another mortgage on a buy to let and have been considering paying part of that off but would I be better off puting the money in my pension plan and taking the government tax relief. I am 61 and will be drawing on some…
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mortgage advice wanted please
We already own our home with no mortgage as it was paid off last year. if we wish to purchase a second home with a mortgage would that be allowed. i am confused as i have been told you can only own one home and if you have another you have to have a special mortgage eg a buy to let or a commercial mortgage. the second home…
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Mortgage Multiples help please
Hi All This is my first post so please be gentle with me!! My partner and I wish to purchase a home for which we have a 50% deposit (150k against a 300k house). We are also trying to sell another house which will raise the balance with a bit left over, but in the meantime I have found a house we wish to buy. Is there any…
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One Account
does anyone have experience of these ? Are they any good ? When i use their calculator it says i have take my 18 year mortgage down to a 5 year !! sounds great in theory.
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advice please
Hello. I am currently paying for a mortgage with Nationwide £372.96pm the balance @ 31/12/10 was £64.417.56, i am also one of many that have been tied into a firstplus loan (im stupid) however im paying £340pm the balance @ 3/11 was £30,615.31. I am highly considering remortgaging my house so the both are combined and…
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Mortgage eventually!
Dear all, We are a couple, 28 and 25 with a 20 month old baby - Since 2007 we have had a two loans and a store card. Barclays loan £12,000 in 2007 - about 4 weeks ago having missed three payments it was passed to a debt company we settled the balance when it got to this point through fear. Barclays smaller loan £2000 from…
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Transfer of equity
Hi, i split up with my ex 4 years ago, she was suppossed to pay half the morgage but never did.She aggreed to a deal in december so i payed of the arrears she built up on the morgage.I have done 7 months clean payments on everything i have a good credit rating. I want to try and move my morgage from nationwide to natwest…
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Remortgage Advice
Hi guys, apologies for the lack of updates recently however ive recently realised that my current mortgage deal comes to an end on 30th sept so thought i should act now! My mortgage is up for renewal on 30th Sept 2011. I currently have an Alliance and Leicester mortgage however this will have to switch to a Santander…
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Mortgage. Increasing the amount of capital paid each month.
Hi, We are looking to move house soon but as always money is the deciding factor. We brought our house in August 2007 for 145k, so right at the height of the market with a 95% mortgage plus fees on top. We added central heating, a new kitchen, renovated the garden and new decor throughout inc flooring or carpets. A house…
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Buy to Let
Hi all, just going through the process of working out whether or not to buy a house to rent out. Does anybody have any hints or tips or thigns to look out for? I heard that you can use your main residence as a deposit and only have interest only on the rental property. Are those points correct?
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dmp and end of fixed plan
Hi, I currently have a DMP and my mortgage is due for my fixed rate to end in June next year. Will the DMP affect trying to get another deal with current lender and others? THANKS! :)
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Using Interst rate derrivatives rather than fixing
Suppose you were on a tracker mortgage but wanted the certainty of a fixed rate - currently depending on deposit size it is possible to get a fixed rate of about 4% for 5 years subject to varoius fees. However the libor rate is more than 100 basis points less than this. Would it be possible to get the same insurance by…
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can i buy a cheaper house?
Hi all, me and my partner got a mortgage in 2007 for £100,000, the house will sell for around £85,000 - £90,000. We've recently saw a smaller and cheaper house for £75,000. Could we sell our house and get a new mortgage (HAVE A DMP ALSO) or is it possible to move the mortgage to a new house? we're just seeing what options…
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Can I get a mortgage
Hi i currently rent however in 2009 had a default of £4000 registered against me, in January I had a default of £1000 registered against me, my partner has perfect credit but only earns 17500 I earn 27500 and we have a £45,000 deposit, will I be able to get a mortgage??
