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Hello all
Not sure if this is the correct place to post, but need some advise. My partner and I started a 40 year mortgage 18 months ago. As times change, it looks as though we are going to be splitting. Neither of us can buy the other out, nor afford to keep the Mortgage going on our own. Obviously we would need to sell the house…
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UK interest rates remain on hold at 0.5%
http://www.bbc.co.uk/news/business-14062367 "The Bank of England's Monetary Policy Committee (MPC) has kept UK interest rates on hold at a record low of 0.5%. Economists had expected no move in rates as the latest data has shown the UK economic recovery remains weak. The committee's decision comes despite the annual rate…
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Reasons to give for asking Bank of Ireland to waive Early repayment charge!?
Hi everyone, Just a recap on my current situation. Bank of Ireland need to cut their UK Mortgage book so asked if they could give my name to a mortgage broker to see if they could get me a better deal at another Mortgage provider. Anyway got offered a deal which is hardly worth me changing for because I have a Early…
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chances of a second mortgage...
Hi, I found out yesterday that my parents are considoring releasing equity from their home. From what I understand they could get the max amount of 23k...which would increase to a huge 92k (approx) owed in say 20years time......which sounds horrendous to me...but then as my dad said, the house isnt any good to them when…
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Parents gifting house with oustanding mortgage - how?
This is the situation: They have an outstanding mortgage of £35k. The property value a few years ago was £160k, but similar houses in the area are selling for over £200k. Our next plan of action Parents gift the house to me. Parents will continue to live at the house. I currently live and plan to continue to live with my…
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Mortgage PPI: Have I left it too late?
Hello, I have been advised to repost my query here (I originally posted under the PPI thread. Thanks for any help/advice that you can give. Original post was: My wife and I obtained a mortgage from Barclay's in 2000. We were categorically told at the time that we would be required to take out PPI to protect the loan…
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Mortgage Renewal
I am planing to review my mortgage and reassess my financial situation. Can anyone tell me what are the factors to be considered while renewing the mortgage?
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Should I Sell My Endowment
hello all can any one advise on the following. I have 65 months left to run on my Aviva Policy and the financial details are as follows as of 07/07/2011 I have tried to sell the Policy to AAP but they not interested as are most private buyers as it is a with profits policy based on stock market results and the bonuses (if…
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how does buy to let work?
I own a house with a mortgage and now want to let it out as moving in with boyfriend. The house is worth around £160k and mortgage is £110k. So I need to arrange a BTL mortgage (been reading some nightmare stories on here). Most lenders seem to want min income of £25k which I do not have. The Mortgage Works don't state…
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Should I get a full structural survey through my mortgage company?
Hey everyone, Myself and my girlfriend are currently buying a flat in London. We obviously have to have a valuation report done by the lender which costs about £350. We can opt to have a full structural survey done by them for £695 instead if we want. I definitely want a full structural one done so we know of any issues…
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shared equity mortgage
my daughter and boyfriend are hoping to buy a new house on the shared equity scheme mortgage 55% rent on the rest trying to find a mortgage deal but have yet to find a mortgage company to give them a mortgage when buying a house on the shared equity scheme. any one no of any mortgage companys who can do this and ideally…
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Re-mortgaging...2 years fixed OR 3 years fixed?!
Ok, pretty bad with maths so asking for any help please. In this current market, is it better to get a mortgage deal for 2 years or 3 years fixed? We are not good with money so don't want to take any risk with taking a tracker although it could be cheaper. We are just worried that if we take a 2 years deal and at the end…
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will I do better to surrender my endowment and invest in a fixed rate bond
My prudential unit linked endowment has consistently underperformed, and now will not repay my mortgage on maturity in 2016. I wonder if there would be any complication if I surrendered it and invested in a fixed rate bond that returns 4.65%. The return will be greater if I do convert to the bond. I am almost sure of…
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Do I need a deposit for remortgage?
Apologies for silly question but I am really thick when it comes to finance. If I remortgage my move with a valuation of 110,000 with a 64,000 mortgage will I need to provide a 10% deposit?
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Will type of income matter for a mortgage application?
If you are not working but are a landlord with rental income from a property which has already been paid off, will there be problems obtaining a mortgage? Or must you have a income from employment?
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Re Mortgage advice but have 1 CCJ
Please excuse my 1st post if I tread on toes :) I would like to remortgage my house, it's currently in my name, Unfortunately after a broken relationship with a gambler 5yrs ago I was left with £54,000 debts, this is now down to £20,000. I have 1 CCJ which was for 16,000 and now is 9,000 that is included in the above total…
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Buy-to-let a reasonable investment?
recently remortgaged with woolwich on a tracker. house value approx £285,000 current mortgage £185,000 monthly mortgage approx £1000 current savings approx £30,000 Now I was thinking to invest all our savings in some kind of buy-to-let investment property but am struggling to find enough deposit as im finding buy to let…
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Voluntary Repossession - complicated
Hello I'm not sure if this is the right place to ask my question, but please feel free to direct me somewhere else if you think it's more appropriate. A few years back I ill-advisedly bought two holiday homes on a poorly run site. When the site owners got into difficulties they defaulted on guaranteed rents to the owners…
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Mortgage as proportion of net income..?
I think this has been asked before but cant find it. What proportion of net monthly income is your mortgage payment? I am particularly interested in homes where there is only a sole earner be they partnered or living alone. Obviously its personal to ask peoples gross income but if anyone wants to quote it or thereabouts,it…
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changing a mortgage between final offer and completion
Hi Folks, I applied for a Halifax Mortgage few weeks ago and am on the final offer stage. I have noticed some new deals on Halifax's website and wondering if they are any better. I would welcome any feedback. LTV 73% My current product 2.84 % 2 Yr tracker [BOE+2.34] £995 New Products I am interested in 2.89 fixed for 2 yrs…
