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LTV is debt added?
I am in the process of remortgaging at the moment. I have a 0% credit card with about £600 on it. I got the card so I could pay for everyday items and also car Insurance meaning I could overpay the last of the 10% I am allowed to before remortgaging and also give me a bit extra if need be but following on from what someone…
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Advice needed PLEASE
Hi , I am currently on a fixed rate mortgage that finishes in November 2012 and has charges for coming off it . I am on a dmp , owing £15000 , with it starting in May 2010 . I have 7 creditors to whom I defaulted in the early months of 2010 . I currently pay £300 a month on this dmp . I have never missed a mortgage payment…
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Opinions please
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problems with joint mortgage
Hi all im after a little advice for my partner and was hoping you guys could help a little so here goes. She has a joint mortgage with her ex partner with approx 100k outstanding, she choose to move out whilst the property was onthe market and agreed that the ex would keep the repayments up as he didnt want to leave the…
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High rise mortgages
Hello all I have a flat in a 1960s John Madin building in Edgbaston, Birmingham. The flat is on the seventh floor in a block that has eleven floors in total. It is a private development on the Calthorpe Estate, not an ex-local authority block and has a lease for 149 years. In Feb 2007 I took a fifteen-year mortgage with…
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Borrowing more on mortgage to consolidate?
Not sure if it is possible to do this? We are currently on the SVR so going to stay here for a while and try to over pay. When we come to secure another mortgage I would like to get my £18k debt (to put a deposit on a house abroad) added to the mortgage to try and get a better deal (the £18k loan is 14.9%) and to pay all…
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My ex-partner needs to sign the mortgage over to me but we are in negative equity.SOS
Hi, My ex-partner needs to get her name off the mortgage so she will be entitled to housing benefit, We have a 2year old son, who will be going with her, she doesnt want me to leave and give the house to her as she wouldnt be able to afford it and doesnt want to live here. Our only income was what i earnt over the last 2…
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Found property , however its ex-authority building! problems ?
Hi Guys, just been reading a thread which has similar situation as mine but i dint want to hijack OP's thread Finally i have found a property which is quite affordable. have viewed , good priced n know the building as i have rented flat in same 2 years ago I have been told now that when its 7 floor building with 6 flats on…
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Should my partner put my name on his mortgage?
I currently live with my partner in a house in his name, as I am a University student and have never contributed financially to the house. We want to move to a bigger house next year as we are having a baby, but I will only just have finished my degree and so will have none of my own income and won't be contributing to the…
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Natwest Mortgage Advice Incorrect
My wife has just had our second baby. She is self employed so isn't earning any money for 6 months. Just after we found out she was pregnant I called Natwest to ask what we could do to reduce our mortgage payments for 6 months after the baby was born. In a telephone conversation with Natwest the options of increasing the…
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Remortgage -- proof of deposit ?
Possibility of remortgaging with a different lender within 2 years of original purchase. Will they take the available equity in the property (assuming sufficient amount) as effectively the deposit on the new loan without further questioning ? Or are they likely to want proof of deposit all over again ? Anyone have any…
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Whats my chances
Today i have applied to Santandar to borrow another £13k on my mortgage basically ive passed all the credit checks affordabilty etc however they want send a surveyer here to value the house as my balance if approved will be just on the 75% LTV. I think the house is worth £190k on a good day sun shing one up the road went…
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What happens to a deposit if home is repossessed b/c can't pay mortgage?
I have never owned a property so no nothing about mortgages hence the following question; If I want to buy a property that costs £350k and I put down a deposit of £250k and I get a mortgage for the remaining £100k. If I were to lose my job and no longer be able to pay the mortgage and my home was repossessed, would I lose…
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Do I need another deposit if I re-mortgage elsewhere?
Hi all, Will I need to provide another deposit if I decide to change supplier when it's time to re-mortgage?
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Remortgaging but what do we do about loft conversion?
Hi all We would like to remortgage soon and have worked out that if we stump up an extra £4k, we can get a loan for 75% of our property's value and hence get the best deals. We have been speaking with a mortgage broker to look at our options. We have a good idea of what our house is worth now but at the start of Sep we are…
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Mortgage for Foreign Nationals
Dear all, We are planning to buy our first home soon. My husband has a permanent job in London with good pay. We got our visa (Tier1 General) renewed last month and its now valid until July 2013. We are looking for good mortgage brokers who can help us get a mortgage at competitive rates. Any recommendations please? Can…
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Mortgages - Company Benefits coming out of Salary
OK so I am about to start my job, now they offer a lot of salary sacrifice stuff which I will be taking advantage off; season loan for travel, share scheme and pension. However this will take a lot off my take home (for example the travel will take £300 off). Now going for mortgages a lot of them just ask for gross salary…
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Remortgaging to convert our loft??
Hi, I am after a bit of advice remortgaging to get some money together to convert our loft. We are in a shared ownership property and at the moment have a mortgage with halifax on their standard variable. I think at the time (3 yrs ago) we were about 85% ltv. We want maybe 10-15K to do our loft as my oh will be doing most…
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Thoughts on interest only mortgage please
Can I please get your thoughts on using an interest only mortgage in the short to medium term to get ourselves higher up on the property ladder? Having worked out the associated costs of selling our current property and buying a bigger property (which we intend to be a family home and will stay in for the long term) I’ve…
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Surplus from a repossession sale
Hi there, I apologise if this is in the wrong place but I wasn't sure where to post. My husband and I had our house repossessed around 5 years ago. I have now received a solicitor's letter saying that there are surplus funds to distribute. Not long after the repossesion my husband declared bankruptcy (I did not). We were…
