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First time buyer / tenants in common questions
Hello, My girlfriend and I are thinking of buying property together soon. We're pretty level-headed people so we're wondering how it is supposed to work as joint buyers. The complicated thing is, she has a larger amount of money to offer as deposit than me, but a tiny salary, whereas I have more salary. Let's assume she…
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Am I stuck with NRAMs SVR?
Hi there, Bought flat in Dec 2006. Paid £101,000, with £5k deposit. Interest rate of 5.84 fixed for 5 yrs Struggled with debt and defaulted. Resulting in poor credit rating at present and for the foreseeable. Went on interest only for the last year and used this time to repay debts. Mortgage stands at £91,000. Flats in my…
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So who is responsible ?
Hi All So my question is this " who is responsible for the mis sold endowment policy " ? The Building Society ( lender ) or their tied agents ? Thanks A
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Ignorant mortgage query...
Looking to re-mortgage for total loan of £160k as we are looking for move house. I want to keep my payments as low as I can for as long as I can so if the worst happens I can afford to keep paying etc. I can find a rate that is costing me around £950 a month, but others seems £50 or so more. If the terms are the same, i.e.…
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Standard life bank
I have complained to Standard life Bank. Please please join me in writing to this bank. We have been paying one of the highest SVR for the past four years. This bank is doing nothing to help the banking crisis. They have not offered mortgage customers any new deals for the past four years. They have been taken over by…
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Buy to let mortgages
Hiya, I am in a situation where I need to move out of my house and either sell or rent my house out. From what I understand I would need to change my mortgage to a buy to let, I think the rates are higher and you need to have at least 25% equity in the property - which I don't. What happens to all those people in a similar…
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Reactivating Nationwide Mortgage
Just wondering whether anyone had come across this situation before? Moved out of previous house into a rental property and then sold house, thus paying off remainder of Nationwide mortgage, at end of July...and presumed that that was the end of the mortgage, which was a bit of a shame because it was one of their old 2.5%…
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Mortgage for 59 year old
Hi there, thanks for reading this. I am looking for some advice about either mortgage or long term loan products available for someone who is not far off retirement age. The situation is as follows: The person is 59, currently unemployed but wants to set up their own business (partly because of their age and finding it…
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Re mortgage to fund land purchase
I guess I am in the fortunate position of having paid off my mortgage, however I am looking to my next house and I want to buy a piece of land. The plan is to release about 60% of the value of the house to buy a piece of land now. I want a repayment mortgage for the equity release and plan to pay this off over a three year…
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Right to Buy Scheme
I purchased my council property with a RTB broker back in July 2004. Recently I received a letter from a legal claims team informing me that I may well have a claim due to excessive arrangement & solicitors fees. Can I pursue this myself and if so how????
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share of sale proceeds-my rights?
fiancee and i entered into a joint mortgage (tenants in common) to by a btl flat We separated handed over her affairs to her brother He has enduring power of attorney Property held for 3 years- now in neg equity Brother now treating money put into property by sister as a loan his solicitors have drawn up an agreement which…
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Repossession
Can anyone tell me on average how many months of not paying do mortgage companies give you before they repossess? My ex lives in a jointly mortgaged property (he was supposed to be buying me out - Hmm) and I've just discovered that he is £4500 in arrears on the mortgage. I have seen a solicitor to force him to sell but all…
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1 late CC payment stop Mortgage APP in year and 1/2?
Evening all, I am normally on top of things finance wise (currently in 2nd house, aged nearly 26) and have never had any defaults, late payments, overdraft charges or anything, ever! However, I forgot to pay my minimum CC payment (I owe around £140) of £5 which was forgot about on the side. I got charged a late payment fee…
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Remortgage questions
Hi all, first time poster, long time reader here. I am trying to arrange a remortgage, primarily to pay off some debts and get myself back on track financially. I have remortgaged before with my existing lender but thought this time I would engage a mortgage broker to see what deals I can get. The broker has suggested Nat…
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Cash in endowment now or wait until maturity?
Mortgage details: Oustanding Balance: 63,000 Current rate: 3.5% (Halifax svr) Remaining term: 15 years Monthly payment: 608 (including 150 overpayment) No charge for additional payments beyond 10% of mortgage balance. Savings: 25,000 in ISA getting 2.75% until Jan 2013 (can move cash at any time without penalty) Endowment…
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Appyling for a mortgage for first time
Hi all. Myself and my wife are currently trying to find a way of buying our first house. We've got a little one and we're fast running out of room! I've looked into the Lift Scheme up here which allows us to get a mortgage for part of the value of the property. We're lucky in that they've told me there is a place up for…
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Maintenance payments part of income for mortgage app???
Does anybody know if maintenance payments from my husband count when it comes to applying for a mortgage? I am going through a divorce and since my husband left I have been on income support, and I think I may get the house when the divorce is settled, but although I am on benefits, will I be able to carry on the mortgage?…
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Mortgage
Hi all I have a mortgage with the woolwich which i now owe £6,000 on and 5 years left to pay, The problem i am having is i want to re mortgage, i need £10,000 to repair and improve my property but have been refused by my current lender who i have always been with because i work for myself and last year had earned £8,000.…
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looking to borrow money against our house
Earlier this year we bought our first house. It was the worst house on the best street and we have completley renivated the whole house from top to bottom and built a large kitchen extension. We paid 145k for our house and have a mortgage of 120k. The House is now worth around 210k. We have quite a lot of debt and a baby…
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Aldermore - are they ok?
I see theyve only been in biz since 2009..... i guess we'd be protected though if they did a 'northern rock'?
