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Help Please - change from Interest to Repayment
Hi All, I wonder if someone could give me some advice please? We have had an interest only mortgage for 5 years now as we have been renting our house out. We have not moved back into our house and our fixed rate mortgage has ended and now is variable. We intend on staying in our house now and think it would be wise to…
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Mortgages and cancer
Apologies if the answer to this is already on the forum somewhere... I searched and didn't find it if it is! :) Seven months ago I was diagnosed with an incurable cancer - I'm feeling really well at the moment, and planning to stay that way for as long as I can. Unfortunately, on paper, I'm obviously not the best person to…
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First time buyer help
Hi guys, I have some savings tucked away and am planing on buying my own place hopefully in the next 18 months. I just wanted some help with morgatges. The aim for me when buying my first home is to hopefully buy the propperty spend 10-15 thousand on it and hopefully get back an extra 20-25 thousand on top of what I…
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Trust deed for mortgage-unequal shares
I dont know if anyone can help however it is with regards to the wording on a trust deed so that my husband & I will hold the property as tenants in common as 99% and 1% shares. My solicitor has shown who the building society is and has said that everytime i change BS this deed will also have to be changed. (more expense)…
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Chances of a Mortgage after a Debt Relief Order (DRO)?
Hi everyone Me and my partner are FTB looking to get on the property ladder currently private renting, any information regarding our issue would be greatly appreciated. We have seen a few brokers and they all seem to agree, that they can get us a deal for the amount we need with our CURRENT income and expenditure. At the…
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Multiple Mortage Apps / Offers
Deleted, new thread.
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Mortage decline with no reason given question...
I just had my mortgage application declined by Halifax, and they said they can't give me a reason. Friends are telling me they don't tell you on the phone but you have the option of sending them a letter and they’ll get back to you detailing exactly why you were declined. They have a legal obligation to do so. Is this…
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Endowment Shortfall - Time Limits
Can anyone help me re. endowment shortfall and time limits. I purchased an endowment policy in January 1988 through a broker. My endowment policy is with Norwich Union (now Aviva). What is the time limit for claiming as I was definintely missold this policy and if the time limit has passed is it still worth me trying to…
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Part Share in a mortgaged property
Hi all, I know this is a bit of a strange question but a friend of mine has asked me to assist them in putting together a proposal for them to sell a share in a BTL property they have to clear some other debts. This property is currently on an interest only mortgage with a little equity (based on the average of 3 agents…
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buying my parents house advice needed
Hi all, My parents are at retirement age & are in serious debt of £33,000 the majority of the debt is secured against the house which they own outright and is valued at approx £250,000. We have spoken to a financial adviser about how to get them out of debt so they can both retire and enjoy it. They have defaults against…
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Remortgaging Query - Does my live in parner need to sign mortgage doc
I am remortging my property and my boyfriend who has lived with me for just under 2 years is on the electoral register at my home. I own the property and the mortgage is in my name only. My mortgage advisor has informed me that because my boyfriend is on the electoral role the future lender requires him to sign on the back…
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gift as deposit
Hi everyone, First timer and my first post :) I am a bit clueless when it comes onto mortgages however i am doing my research and trying to educate myself before making the step. Questions for the forum Myself and wife currently live in my mother-in-laws property and we pay rent/mortgage. She has now migrated and doesnt…
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How long with underwriters?
Hello, Just wondering what the least amount of time your mortgage application was with the underwriters (if at all?) I have applied to my current mortgage providers (NWB) and added my partner, so its now a joint application. Having just called them they informed me that it was not on the system yet. Okay so it has only…
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sell house and rent back
is this ever a good idea ?
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deposit quandary
I've had a mortgage offer and we're all ready to move on to exchange apart from one snag. I'm short on the deposit, basically I sold some old share options to fund the deposit and they've written to me to tell me the cheque will take six weeks to arrive; I had no idea it would take such an absurd length of time. So the…
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Mortgage refused - advice needed
Can anyone offer advice here please, we applied to Abbey yesterday to move our 5.29% NRAM deal to a 2 yr tracker with Abbey at 2.1% and it was refused because of the following: I had an 'arrangement' with Santander that I did not know about - this was during the account switch they set up for me - told me they would…
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FTB not a buyer really but need to get there
Hello Everyone, I am glad i have always visited the site which is why i have landed on this forum today. Like many others i have decided to think about getting a house now A bit of history AM self employed since feb 2009 -my annual salary was 37k for last FY (i withdraw profits from my business -in part salary/part…
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Move home with mortgage
Bought my first house in Nov 07 (highest peak time before crash/credit crunch) as a FTB for £66,500 (this is the average where I live and all I can afford as a low income single person) and I had a mortgage for £58,500. Now decided to move hom as this is too small. Had it on a 2 years tracker, 0.13% above the BOE rate,…
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Mortgage help needed
Hiya Im hoping you guys can help me. My friend called me tonight, due to a few troubles she has decided to sell up & move up north, however youngest daughter has decided she wants to stay down south. The daughter was going to buy her own flat, but they have decided that it would be best if she could take over the family…
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thicko needs advice
My mortgage is about to finish we owe £38000 and are currently overpaying by £350 a month,the rate is 2.99 RBOS rate about to rise to 4.29.I have no idea which direction to take has anyone got any advice as what i should do next,thanks in advance.
