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Extortionate Charge To Allow Letting
Here's my situation and I'd love some feedback as to whether this is reasonable or not and what I should do next. I have a property with a flexible mortgage from Santander which we moved out of last year to a new house that is essentially paid for (an inheritance). After moving out we put the house on the market but after…
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Bad Advice From Mortgage Lender Costs Us Thousands
Evening all, Quick question from a long time lurker in a bit of a tight spot, we have received some bad advice on our mortgage from a mortgage adviser at the bank we borrow from. The advice was basically duff, they told us that if we overpaid our mortgage, the terms and conditions of the mortgage meant that we could then…
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Vendor gifted deposit HBOS
Please help I have put in an offer for a flat for £108,000. I am being told by my mortgage advisor if I put down 10% (£10,800) the vendor will put down an additional 5% (£5400) giving me in effect a 15% deposit to get an improved rate. I am being told the mortgage will then be £91,800 when you deduct the 15% deposit but…
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HSBC Clause on my first mortgage
Hi All, I am a first time buyer and I was looking through my mortgage document and I have the following restriction that will be entered into the land registry. My legal advisor says he does not know why this is included as I would need to have authorisation before selling my home in the future anyway. The restriction is…
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how long?
5 years ago i had a default registered for a 7 yr loan I took out in 1999, paid for 2 years then asked for a reduce payment, eventually the company sent a guy round who looked at my income and expenditure and agreed a sum of £20 per month which I paid without fail. Then they kept writing to me to demanding I increased the…
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HBOS Concessionary purchase
Does anyone know about this type of mortgage with the Halifax? I am being told by my mortgage advisor that this now only applies to family members is this true? I.e If im purchasing a house from a family member only The reason I am asking is my sister purchased a re-possession last year and she was able to obtain this type…
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5 Year Fixed / Remortgage / Repayment... again!!..
Been following a couple of threads on here recently and watching and waiting for best 5yr fixed/joint/repayment/remortgage option, or for one to become available. Seen Nationwide now drop to 3.89, which betters the First Direct and YBS products I was contemplating, and looks a tempting deal as several on here have…
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In denial of having a SAM - any news recently?
At the time when Shared Appreciation Mortgages were highlighted as a big problem, I knew my father had some form of equity release in the 1990s but when asked denied that it was a SAM. He has since admitted that it is, with Bank of Scotland. Did he miss the boat for reporting it as mis-selling? He genuinely did not realise…
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Proof of Deposit
Hello, and thanks in advance for any help/info, which is required asap! I have just heard from my broker that I am 99% there with mortgage offer, having had offer accepted on a 2-bed (244,000). This has been requested due to bank statements not showing the required deposit amount. The deposit is a non-refundable gift from…
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good situation need to make right decision HELP
Please help coming to end of 25year term with mortgage made lots of mistake along way 1, endowment 2,variable rate when erm hit, 3 5year fixed at 8%when blair came to power.So each time gone wrong way but have over paid endowment and even thou predicted 5000 short fall I am 13000 in front with 1 year to go new rate just…
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Apply now or keep waiting?
A few weeks ago I thought I was sorted. I was going to go with a 75% LTV from ING with 0 fees at 4.69%, fixed for 5 years. Then a new deal came out and after some nice advice from the kind folk on these forums I was going to go for a 75% LTV with Accord for 4.19% with £495 fees, fixed for 5 years. Then a few days ago…
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Removing a name off a mortgage
I need a bit of advice. I have been divorced for 6 years during that time I have paid the mortgage but it has remained in joint names. My ex husband is ill!! and has never worked since, neither has he paid any maintenance for my 2 daughters. For a period of time I didn't even know where he lived and he has now told me to…
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can anything go wrong now???
Valuation - sorted Abbeys formal mortgage offer - sorted Mortgage broker - paid all in the hands of the soliciter now, any reason I should be worried or are we finally nearly there!!!!!
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Stamp duty
Is stamp duty based on purchase value or true value? Buying a property of a family member at 249K, suspect building society valuation may come in higher. Thanks
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Tracker or Fixed question (sorry!)
Hi All, I've tried reading up on this and even on previous threads but I just wanted to clarify. From what I can tell a fixed rate mortgage means the rate will be fixed for that term (2 years etc) regardless of the base rate changing? A tracker with a 2 year term will vary with the Bank of England base rate but the…
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firstdirect dilemma .
Guys. Just after any opinions on possibly anything i haen't thought of. Situation is- I've been on an offset tracker with FD since march 2010 and at start of year looked at going onto a fixed rate because of interest rate uncertainties. It was then that i found out that my options were very limited. My wife was pregnant at…
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Mortgages and benefits. Continuing a mortgage following a breakup.
Hi there, I have a friend who is separating from her fiance. They have 2 kids. They share a mortgage. She works 30 hours per week, 6 days a week around school times which brings in around 650 pounds. All parties want the mom and kids to stay in their current home. We believe that from her wages, maintenance from her ex and…
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5 yr fixed or base rate ?
hi all, just coming to the end of my 3 year tracker with the Nationwide. My options are: * Do nothing and drop automatically on to the nationwide base rate (currently 2.5%) and take the risk that fixed rates will be higher in 6 to 12 months * take out a nationwide 5 year fixed (4.09%) - no fees I'm currently over paying by…
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Mortgage Advice Help me please
I have been very foolish and have 2 loans for £25k and £1k, both have 3 years left to run. I have 6 credit cards with £16k on them (spread over 6 cards) and an overdraft of £2k. I get paid every month and the money just goes on loans and cards. I have no joint finances with my husband he pays the mortgage from his account…
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Optima Legal - hopeless on my remortgage
I received my first mortgage offer from Woolwich on 5 May. A couple of weeks ago, I changed to a reduced rate and received my revised offer on 27 June. I have always been working towards a completion date for my remortgage of 1 July. Optima Legal wrote to me a couple of weeks ago to say that everything was fine and they…
