-
Mortgages/Loans for people with CCJs
Hi, I have two mortgage accounts with HSBC - one at about £10k the other at about £20k. The property is worth probably £150k. The 10k interest only mortgage was due to be paid up in May, but I didn't have the funds. The 20k capital repayment has another 10 years to run. I asked HSBC to extend the term of the 10k loan to…
-
Potentially about to remortgage - Query
Hi guys, Was wondering if you could give me a helping hand or point me in the right direction with a few queries i have on remortgaging? My current fixed rate deal - 4.24% - ends on 30th Sept 2011 followed by a tracker for life of BOE rate plus 3.74% which handily at the moment would also be 4.24%. I owe £87,500 and can…
-
Shared ownership staircasing mortgage
Our home is worth around £220, 000 and we own 45%. Our mortgage is with Halifax, who required a 20% deposit ao we put just over 20 grand down originally. We’d like to staircase to 100%. We definitely earn enough to be leant the money, but Halifax still need 20% deport which means finding another 25 grand. So what I’m…
-
cashing in endownment
My long time partner, has sold his property and wants to cash in his friends provident endownment. The endownment was taken out with his ex partner over 20 years ago. Unfortunately his ex partner is refusing to sign the surrender forms or even discuss the issue. His ex partner has not contributed financially to the…
-
Releasing equity on a right to buy property?
Bit unsure about this so hoping that someone with mortgage knowledge can advise but my friend bought his council flat under the right to buy scheme, the council has a second charge for one more year, the lender gave permission to rent out when my friend had to move and it is currently generating almost double the mortgage…
-
Need advice re broken agreement to port mortgage
To set the scene; Myself and partner had 100% mortgage on a property in Bristol, purchased for £150K approx 3 yrs ago, now worth approx £170. When we took the mortgage out, we were advised that it was portable. Late last yr my partner was offered a fantastic new job in Bournemouth. We discussed, at length, the pro's and…
-
1st & 2nd Mortgages to remortgage
Hi After some debt problems which I am coming to the end of (fingers crossed) I have a 1st mortgage and a second sub prime mortgage. The sub prime is horrendous rates of interest so I would like to remortgage and buy them out. Orig mortgage was 32,000 with 26,000 to pay and sub prime is 30,000 with 45,000 to redeem (i know…
-
Fixed rate coming to an end
Hi, Really sorry if this is an obvious post, I am fairly new to this site and not sure how to search etc. My current fixed rate will end on 31 December 2011, so although not to soon, I am not sure when I should start shopping around for a new deal, oir if I should just stick with what I have and move onto the variable…
-
Can i add partner to mortgage
Hi I have a mortgage currently with the Birminham and Midshires and as it is a very good rate at the moment (1% above base rate) I would like to keep the existing mortgage. However my partner and I are discussing moving in together and I was wondering how complicated ot would be to get them added to the mortgage? Many…
-
Halifax Fixed 2 yrs 3.59% can canybody beat this?
Im already banking with the Halifax so they were my first port of call for a quote. Current balance remaining is £33,500 of a house valued around £63,000. With Preferred Mortgages on a variable rate (LIBOR) and paying 3.28% but looking to fix for a few years as Im facing redudancy on Dec 31st. They have promised me no fees…
-
General beginner mortgage questions
Looking for some advice on the following: What are the disadvantages of an offset mortgage? What would be the calculation required to determine whether it was worth ditching a fix? How is "the overall cost for comparison" calculated when mortgages are advertised?
-
Re-Mortgage due soon. Should I take more money for study?!
Our mortgage is coming to an end. Currently we have £105,000 remaining. we need money for next year to fund our son. It seems cheaper to get the money added to our mortgage than to get it separately from a bank. Is this allowed? I mean, is there a provision for this? I know people add loans to their mortgage for new…
-
Re-Mortgage with ING Direct? Are they Safe?
Coming to an end of our mortgage and looking at the fixed rates and found ING Direct are currently the best offering 3.75% with £0 fees for 3 years fixed deal. But never done any business or seen any of their branches before. Found that they are online bank. Are they safe? Do I get the same service from the government if…
-
Complicated mortgage
Hi All, Hope you can help us out - as im worried sick!! A year ago we obtained planning permission to build a home which was given a Section 106 local needs and agriculture restrictions. Because of the paperwork was so slow coming from the council, our builder started work even though we fully understood if he wanted to…
-
Mortgage Offer sent but a slightly wrong figure :(
Hi all, I was wondering if there were any mortgage advisors about that could help. I have just had my mortgage offer sent to me, but there is a slight error with the purchase price of the house. On the offer it states the price is £178,000 but it is actually £178,995. This doesn't affect the loan amount or the LTV amount…
-
Mortgage deeds - guarantor?
Hello We've just received all our legal paperwork from our solicitor before we exchange and one thing we noticed was the documents from our mortgage lender. One of the documents asks for us to sign with a witness which is fine, however another document asks us to complete a form that details guarantors. Reading the small…
-
PhD mortgages
Hi, My dh is currently trying to get a mortgage as a first time buyer. He is buying a new build so is using the company mortgage adviser as we feel he will have the drive to get a mortgage if there is one for us. He is a PhD student and recieves payslips from the university, earning £1600 a month. Do we need to tell the…
-
waltons
My mother is gifting me a sum of money to part purchase a house for me and my family and my mother to live in.We are struggling to get a mortgage on the rest of the ammount 45%. Mainly because my mother is going to live with us. Someone PLEASE help me
-
remortgaging on a dmp
Hi Peops, just looking for some advice, i am due to remortgage in the next couple of months but since getting my mortgage 2 years ago, I have had to enter on a dmp. I have never had any arrears with my mortgage but obviously I have damaged my credit scoring by entering the plam. I am just worried that I will not be offered…
-
approaching end of fixed term for 1st time buyers
Hi there, I wonder if anyone can offer any advice. My partner and I have a mortgage with Northern Rock and will be coming to an end of our fixed term rate at the beginning of February. My concern is that I've got a bad credit rating and my partner has always had a good one. However, my partner's is now bad as a result of…
