-
Higher lending multiples
Hi we are just about to accept an offer on our property, we have seen a house we like but it is right at thetop end of what we think we can borrow. My salary is 30k My wife is disabled and recieves benefits totalling 10k we are very shrewd with our finances and can afford more than most people would be able to with a…
-
Mortgage search has killed credit score
Hi all We are FTB and have received a MIP from Abbey. At the time we applied, my credit rating was very good, and my partners fair (no late payments showing on the report). We received the MIP just under 2 weeks ago. My partner got a text today saying his credit status had changed - we have just checked and the search…
-
Prudential (Scot Am) - Crystal ball required
Hi Folks I have got 2 endowment policies that both mature next year. One in April and one in September. I have just received the yearly plan update which shows projected maturity figures which aren't what were originally envisaged but are roughly in line with what I have planned for. However, my big concern is with what is…
-
See out the remaining term or cut my losses ?
Unfortunately, I took out a 5 year fixed with Nationwide just before the interest rates dropped like a lead weight. I have 25 months remaining on a 5 year 6.18% fixed. Ouwch ! I have been told by Nationwide that as well as the near £2000 redemption charge, I will have to "go elsewhere" and pay further charges with a new…
-
short on mortgage by £8000
Cannot take out new mortgage to pay off shortfall of £8000 to bank of Ireland, they want money by TOMORROW. Can we get a loan against the house even if we are unemployed at the moment?
-
Mortgage Post I.V.A
Hi all, wonder if I could have your input, finished my I.V.A in dec 2010 so in dec 2011 it will fall of my credit files along with the 4 defaults. Looking at all 3 credit ref agencies, I still have good credit history on there which will stay on until 2014 ish Included a current Vanquish CC which I obtained in may this…
-
When is the first mortgage payment taken?
Is it taken out straight away, or is it usually taken out a month later? I haven't recieved any notice about this. Will they write to me?
-
Mortgage Reserve with the Woolwich now Barclays - Help needed
Hi When we got our mortgage with the Woolwich we also took out a reserve for future improvements to the house. We agreed a limit of £20,000 and so far we have used £10,000. In theory we should have another £10,000 to drawn on but i'm not sure if we can access the whole amount and how it works? On their website it sayes the…
-
Morgage up for re-newal. help
My 5 year fixed rate morgage is up at the end of the year. Its a repayment morgage at 5.7% interest. I'm currently paying £680 p/month. I'm concerned about what my options are when it finishes. Will I pay less/more due to whats happened with the banks in the last couple of years? Any info is greatly appreciated.
-
How easy and quickly is it to change to BTL?
Hi, I'm currently selling my house, twice it's fallen through because of problems with the people buying from me. One lost their finances, and the other lost their buyers. I've now had two offers, one 10k higher than the other, but i'm confused as to the chain. Buyer one: Normal Process, the people have a buyer for their…
-
How difficult is it to get through the YBS process?
We have had our mortgage Accepted in Principal by YBS. I am a little nervous though because I can only complete the application once I have identified and agreed an offer on the house in question. (Ideally I would have liked the full mortgage application, and all the paperwork complete beforehand). Has anyone else gone…
-
Investigating remortgaging, ERC question
Hi We have half of our mortgage on halifax SVR 3.5% The other half is 2 years in to a 5yr fix at 6.4% Our LTV is just shy of 80% (we can put cash in to make 80% if necessary) I'm planning to sit down and work out if in theory we are better off switching to a new sub-5% 5yr fix or not. YBS have good deals, though someone…
-
Divorce and negative equity
My ex and I separated 3 years ago. I stayed in the house with the children and switched all outgoings into my name. I also switched to an interest only mortgage. I've paid eveything for three years now. I'm now starting divorce proceedings. I'm worried sick about the house. It's in both of our names and he is refusing to…
-
House paid for outright, want to repay parents.
Hi, Firstly let me thank people in advance for any help you can offer. My girlfriend’s parents purchased a house outright for us both last year with cash, there is no mortgage involved and the house is in my girlfriends name. Obviously this was a huge help and the both of us are very grateful but my girlfriend is keen to…
-
re mortgage problem? 'charge' on my property?
hi all, im in the middle of remortgaging at the moment, my new lender informed me there was a 'charge' showing against my property on the land register of scotland. i checked myself and indeed there is, it was for a secured loan with barclays four years ago, the loan was paid off in full after two years but according to…
-
Mortgage mental health
My partner bought a house with her friend some 5 years ago. Subsequent to us getting together and having a child the joint owner stayed in the house and my partner moved in with me whilst continuiung to pay her half to the mortgage on the house she no longer lived in. Over the past year or so the joint owner has begun to…
-
mortage advice please
my son and his partner bought a house together 7 years ago. they have now decided to split up and they have been trying to sell the house for the last 6 months with no success. they both jointly paid the mortage but as one of them has now lost their job it is a struggle for them. if they sold it for what they have been…
-
Re-mortgage question (currently mortgage free on main home)
We paid off our mortgage a while back, have 2 x BTL mortgages Now considering releasing equity from main home to help fund purchase of holiday home.... House valued at £750k and want to raise around £200k Any advice gratefully received.
-
Switching from a fixed to a fixed possible? ( Probably not... )
I currently have a 20yr ( 1 yr into it now nearly ) 80k mortgage fixed till 2012 @ 5.39% with nationwide. Simply put is it possible to switch to a different fixed mortgage from the same provider? I realise this is a very silly question and the answer is probably no but does anyone have experience of doing something like…
-
London and country- avoid
Wondering if others have had bad experiences with these brokers? having had a horrible experience with them , I googled now!! and found that there has been some negative comments /threads a few years back but nothing recently. TBH I could have avoided going with them as they have multiplied the hassle and I would have gone…
