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Transfer of equity - default from 5 years ago!!
Hi There, I'll try to be brief...haha I am currently looking to do a transfer of equity with my partner so i can be included on his mortgage and remove his ex, the mortgage is with GE MONEY. I applied for my credit file from equifax and its come back that i had a default about 5 years ago from abbey national, i posted on…
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Mortgage deal coming to an end - advice
My first post :) .... thanks in advance for any advice :) My current 3yr tracker mortgage deal comes to an end at the end of September and I have a dilemma about what to do. Current payment is £625.52 on 2.74% amount left on Mortgage is £111000 on property value of £245000. I want to stay with the Nationwide as they have…
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Not pay mortgage off, but instead.......
Endowments and ISAs mature shortly to the tune of around £100k. Any reason why I shouldnt remortgage at say 3.49% fixed for five years (YBS) while simultaneously investing the £100k at 5% in a fixed rate bond in Mrs Frogs name (non-taxpayer)? Even taking the switching costs into account, it looks like circa £1,000 of free…
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Remortgage of current home to pay off BTL
Good morning to all, Does anyone know if it is possible to remortgage one's current home and use the funds to pay off a BTL loan? Any possible problems with this idea?
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will I be able to get a mortgage on a prop with no mortgage
Hi We found our perfect house and sold ours a few weeks before finding out my husband will be made redudndant in October. I was honest with mortgae co who withdrew the offer. We then borrowed the money from my mum paying her the interest she would have received. We plan to get a new mortgage when our circumstances improve…
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Mortgage offer - how safe?
Hi Guys I hope you guys here at MSE can offer some advice. Myself and partner have had a written formal mortgage offer for around 6 weeks. In that term we have also applied for a better rate twice (paying product fee's etc) as we have been waiting for quite a while with buyers solicitor. We have a 85% LTV 5 year fix and…
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Soon to mature endowments and recent market events
Will the recent Stok Market down turn greatly effect the pay outs I can expect to receive from my 3 Aviva Home maker endowments all of which mature soon being staggered over the next 6 months. The first of which is due mature in September after 25 years.This one was taken out to cover £26,000 in 1986 and after checking 2…
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Delete this thread please!
Hi there, my partner and I have seen a property we would like to put an offer in for, and are shortly due to go to see the mortgage adviser at nationwide. Our situation is that we are ftb, and aged 23 and 22. We have a deposit of 60k, and further savings for start up of 7k. The asking price of the house is 180k, so a ltv…
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does being on mat leave make a difference?
Hi We were looking to move this year but have been informed by First Direct that although our current fixed 5 year Offset Mortgage with them is portable, we no longer meet their income requirements for this mortgage therefore we would have to pay them a 1700.00 penatly fee to come out of it early. We have decided to saty…
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18 years endowment just about to mature
My 18 year policy is just about to mature. Is the value of the policy calculated on the day it matures or if I leave it until the FTSE starts to climb again then the value would improve? Thanks
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Can I change my mind after being 'agreed in principle'
As the title says. Have a mortgage offer agree din principle. Have since become aware of some straight to lender deals which we would like to apply for which are better. Can I decline the 'offer in principle' and would this effect my credit rating? Regards,
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whats involved .... need a mortgage etc
Hi I am looking at buying my council property. The council came round and have gone away to value it. I have been told this could take two weeks. I am hoping they value it at a good price:smiley: :smiley: If they come back with a good price. I am looking at a mortgage of £27,000 as I have a good sum to put down. I would…
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Can I get my name taken off a mortgage/loan
Hi Really sorry if this has been covered elsewhere......a bit long winded too! I left my girlfriend and the mother of my child 2 years ago. We have a mortgage of around 140000 and as it stands 20 years left. During our time together she ran up massive debts that i didn't know anything about. She managed to get a loan to…
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Coming to the end of a fixed term mortgage
Hi All My first official post.. thanks in advance for your advice :) My 5 year fixed rate with Northern Rock is due to end in January next year. I'm concerned that the standard variable rate could increase to the point where it adds hundreds of pounds to our monthly repayments, and I'm not sure how to proceed. In order to…
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Remortgaging
Hi, Long time lurker, small time poster here. I have a property with no outstanding mortgage and want to remortgage against it. I don't want to borrow against the full value, maybe 75% of the value. Does anyone have any tips or advice on doing this? Thanks
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Co-ownership 100% Staircasing
Hi, In a few months we're coming to the end of our 2 year fixed mortgage and have been looking at buying back the remaining share of our house, figuring it would be a good time since the value has dropped (or maybe not, mortgages are confusing!) Our house was originally valued at £175,000 We put down ~12% deposit (£21,000)…
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'Direct to lender' offer?
Hi all, I am currently in the process of selling a property and using some savings and little profit gained to get a 2 year fixed with NatWest at 5.65% As we only have 10% deposit we figured that this was a pretty decent rate and hoefully at the end of the 2 years be able to access the 85% LTV market. Anyway, after having…
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Mortgage Options After Divorce
I am in the process of getting divorced. We've got 4 year old twins so my wife will be staying int he family home. We are considering the following options: 1) Transfer equity to my wife and agree a percentage split of the house value to be paid upon sale of the house. We've agreed that we cannot sell the house without…
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Remortgaging Help
Hello, I'm currently in a 5 year deal with my mortgage company at the moment (RBS) and its a high interest rate. We are only 2 years in and have an early repayment charge of currently around £4k. Due to the fact that the interest rate is very low, what would the viability of changing mortgages be. We dont mind staying with…
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Remortgage to let and live in AUS
Hello sorry new to this, I have tried searching other threads but coming unstuck! The problem is we want to keep our house here and rent it out to go to australia we have a visa and we are gonna give it a go for two years at least, however to do it we need to take some equity out of house apx £30k We only have a small…
