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removing names of deeds
nearly 6 years ago i purchased parents house from council. Our 3 names are at present on mortgage and deeds. Due to parents age we have been advised to change it into my name solely. It is me only paying mortgage on property, as i purchased as an investment. Mortgage is only £52000 as of today. There is also a secured loan…
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Mortgage help please
Hi, Just wondering if someone could answer a mortgage question for me. My partner has got a mortgage with the Woolwich with £102k outstanding on a lifetime tracker, currently at 1.2%. We are looking to move and need a mortgage for £180k but are getting quotes at around 4% and would probably struggle to qulaify for a…
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Mortgage and commission
I am due to start a new job soon where I get a decent basic but the ability to earn up to 50% more on commission/bonus although 30% or so is the average. This would be the first job where I have had this potential and my question is how mortgage companies treat commission when it comes to assessing how much they will lend?…
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Halifax online morgage balance jumping around
Does anyone else have a Halifax mortgage which they check online? My balance seems to go all over the place, jumping up and down by approx £75-100 every few days or so. (This is not the amount of interest I'm paying!) When I had a nationwide mortgage, you could check online each day, and it would just increase by the…
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New Mortgage Problem
I have recently taken out a mortgage on my own. I used the allowance from the exisiting mortgage as ex husband was not buying but renting and had a top up mortgage at a new but higher rate. After applying for this I applied for a further £5000 as as luck would have it my much beloved car died and so needed a new one. I was…
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Newbie mortgage vs savings?
Hi everyone, In recent months I have lost two members of my family leaving me with around £90.000 in inheritance. I have a very small mortgage , around £57.000. £30.000 of my family windfall is now in Premium Bonds, the rest in ISA's and associated bits and bobs. The monthly repayment on my mortgage is peanuts, around…
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further advance advise
Hi Guys, I am hoping that someone on here could help out a newbie on here? My current situation is that I am fixed into a 5 year term at about silly percent (almost 6!) which I had to do due to my wife training for 4 years to become a nurse. We owe 55k and the house is worth about 180k.The term runs out in July next year…
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Offset for 60 y/o with 5 years left?
Hi All My dad's just turned 60 and will shortly getting a pension lump sum which will more than cover the remainder of his mortgage which has about £30k/5 years left. His initial thought was to pay off the mortgage outright but at the same time he doesn't like the idea of immediately losing access to a large portion of the…
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Arrangement Fees charged by lenders
How can the various lenders justify arrangement fees of up to 2000 pounds to set up an exsiting mortgage onto a tracker or similar type of mortgage. My son has a 2 year fixed rate mortgage that has run it's two years and now he is looking for something similar but looking around he sees all the various offers are for 2 to…
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mortgage search engine
Hi, just noticed that creditexpert has got a very large number of lenders as a result of his mortgage serch engine. (First time/ Move / Remortgage). ciao Gio
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Its complicated and way over my head.... HELP! subordinate mortgage
Hi, thanks for looking. We are selling a house for 230K We owe 105K and have a really good rate of 1.25% (0.75 above base rate) and we can over pay when ever we like. We have 11 years left to pay at the rate we are currently overpaying by. We are buying a new property for 270K So we need to borrow 40K Our current lender…
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remortgaging/lifetime mortgages
My husband is 63 and I am 57. We currently have a £52,000 mortgage with 8 years left to run, the monthly repayment being £643. My husband retires next year and we will be unable to meet the monthly payments. Do we have any other options other than selling up and renting somewhere? I would be grateful for any advice. Thank…
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Remove name from mortgage but not title deeds
Hi, Long time lurker first time poster! I'll start by saying I have tried a search to answer my question, but have had no luck. My wife is on the mortgage and title deeds with her parents, at her parents house. My wife & I want to buy a house together and we need to remove her name from the mortgage on her parents. Is it…
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Selling but cannot get same borrowing again ?
Hi all, WE have a house with a 140k repayment mortgage, the house is selling for 225k, since we orig took this mortgage my partners income has dropped a lot, but we still manage fine and not missed a payment, where looking at propertys about 200k to buy 80k down deposit 120k mortgage, but our combined income is now only…
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Putting an offer in on a house before mortgage agreed?
Is this possible? Inadvisable? Not allowed? We have a few days before we can meet again with our ifa to sort a mortgage application but have seen a house we like; keen to know if we can, to show our genuine interest we were thinking of putting an offer in and if its accepted we'll sort the mortgage (hopefully, of course…
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Extending and Reducing Term of Mortgage
Hi, I am looking to extend the term of my mortgage with Santander to temporarily reduce my mortgage payments and then next year I will be looking to reduce back to the shorter term. Santander have advised that the switch back to to reduced term will not need to be reviewed and my money situation will not need to be…
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Want to buy house with wife, but still on mortgage with my ex!
Hi, In a bit of a problem. I bought a house with my ex in 2007, we subsequently broke up at the end of 2007! I moved out, she moved her new boyfriend in and we had a 'deed of trust' drawn up to cover me for any losses and her for any gains. I have paid nothing towards the mortgage since. Outstanding Mortgage £106,016.66…
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mortgage or credit card for building work
I'm looking at remortgaging - going for another fixed rate for 5 years for security. Also want to add around £5k for some building work. Do I add the £5k to the mortgage or am I better off putting that on a credit card? Especially as I'm not sure how much it will cost - maybe not £5k with any luck? I have a £38,000…
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When will my first mortgage payment be?
I complete on 23rd with Nationwide. My broker can't tell me for some reason. Would it be on the 1st of the next month (October) even though it would only be a week away? Or would it be the 1st of the month after (November)? Or somewhere else?
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Do I have any other options??
Hi, I'd love your opinions please, as I am a bit green really. I have a 10 year fix at 4.99% (yes...10year:() with brittannia - I have been overpaying as much as I am allowed without penalty - and was looking forward to being mortgage free in May 2014 but have identified a property that might be an ideal final home, so am…
