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Help with getting a mortgage
Where do I start!!!!! After being told by our friend and motgage advisor yes you'll be fine put a bid on it we got the house!! Only now to be told you are struggling to get a mortage! My partner earns £3000 take home a month we have £22k deposit but no credit in the last 6years and due to moving to another rental property…
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scottish life endowmwnt
We have an endowment due this year though Scottish Life. We paid £39 a month from 1986 (nov) mortgage 28,950.00. Is there a way I could check what the amount should be or can anyone give me an idea?
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FTB: Is this affordable?
Hi Im looking to buy my first house. I can quite happily afford a 120k house with 20k deposit. I earn 33k a year with guaranteed overtime/bonuses, although the past 2 years earnt 45k but i cant gurantee this. My partner is at university (nursing) and has 2 and a bit years remaining. Ive been looking at the first homebuy…
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can someone else take out a mortgage for you?
just some advice needed please..I am really very unfamiliar with any type of mortgage terminology so please be kind to me :) Basically, is there a legal way someone else can take out a mortgage for you that you pay so property in your name but they guarantee if you cant pay? We have the funding to pay a mortgage but…
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Mortgage on converted property
Hello Have seen a flat we love, but it is a conversion (within an old fire station). The vendor was unsure about when the conversion was done - he thinks it was post-2000, but more than 5 years ago - but obviously wasn't sure. We'll obviously check with agent/his partner, but I wanted to ask - what are the rules re:…
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Paying down the mortgage
We have a mortgage of £170,000 with £140,000 on endowment and £30,000 on repayment. Current rate is around 6%. the endowments mature in 5 years but will leave a substantial shortfall. We now wish to reduce the mortgage with a one off payment of £20,000 (no penalty will be incurred). What should we consider in deciding…
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1st time buyers, parents on mortgage or anyway round?
Hiya, this is my 1st time so please bare with me.... my husband an I are getting really frustrated with not being able to get on the property ladder. Renting is just throwing the same amound of money away each month that a mortgage would cost us!! my question is this, would my dad (who's 69 and owns his own house outright)…
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buy to let mortgage
Hey Guys Im looking into buying a buy to let property by the end of the year. I've got some money saved up and I'm ready to go. Firstly, What other charges will I incur apart from the deposit and letting agent fees? Secondly, I'd like a mortgage that I could pay off early without any harsh overpayment penalties.…
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cashing in an endowments
should my husband and i cash in our endownment policy we have been paying for 16 years? due to my credit history we have been refused a loan even with my husbands good history,, we have searched and seen there are companys that will buy your endowment policy , has anyone ever done this? this endownment wasnt to pay off a…
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Endowment
I let the payments on a endowment policy lapse around 16/17 years ago. Would the policy still exist and would it still be worth anything to me if I wanted to trace it. Thanks
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Advice and opinions needed please
Hello all I am currently in a co-ownership mortgage. I have just had my property valued and it has come in at 65k. Like most people this is big drop as I originally bought 50% of the property and owe 50k at 5.69% interest. I have spoken to the co-ownership people and they have advised that if i buy a further %5 equity it…
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Mortgage payments when moving home and lender
We are moving house at the end of the week, completing on 30th September 2011 and moving lender from NatWest to Skipton. My existing NatWest mortgage normally pays out on 1st of the month so, as we are redeeming that mortgage on 30th September, I presume that payment will not go out on 1st October? So, will Skipton take my…
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Completion Question
Hi, We have received our FTB mortgage offer on Friday and instructed the solicitors to proceed with checks etc. I have just received the mail from Solicitor statin they have received the mortgage offer letter from halifax etc. It has Special Condition mentioned in it which reads - Completion takes place on the condition…
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Second homes
This is a little far in the future, but I like to plan ahead - can anyone help me with these questions. (I know no one has a crystal ball, but would just like some general info) (bear in mind I will use today's house values, but it will all be relative to whatever price in the future hopefully) Firstly a brief outline: I…
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commission amount to broker?
Out of interest, what would my broker be receiving for a £370k mortgage via Nationwide? I could have got the same rate directly, so interested to know.....
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What happens on defaulting mortgage?
Hi, I'm new here and I would greatly appreciate the help and guidance of those with knowledge on this topic. As background, my wife and I are going through a divorce (her blame) and we are currently each putting a standing order of just over 50% of the mortgage into the old joint account each month for the lender to take…
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Joint mortgage
Hello, I am planning on buying a house with my mother. So the house will be in both our names and so will the mortgage. Only my mother will be living there. I assume I can still get a residential mortgage as my mother will be living there. Is that correct?
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Tenancy in common with one name on mortgage / Joint ownership queries
Hi again, Is it possible for a house to be purchased by two people as tenants in common but with only one of them named on the mortgage? I am looking to buy a property which will be owned 50:50 between us. They will be paying their 50% in cash, I will be 25% cash and the remainder via a mortgage. I would like to retain the…
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Changing names on mortgage never ending problems...
Hey, The background of this situation is my now husband had bought the house we live in and added his ex partner onto the mortgage, they ended the relationship not long after, several months later me and my husband got together and put the house on the market but it wasnt selling so we moved in and I gave up the flat that…
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Natwest Mortgage advice
Hi Everyone, I have searched but cant find an answer to this question. Me and my Fiancee have had a mortgage approved in priniple from natwest. I told the broker upfront I have a default for £1100 which is satisfied, and is 6 years old in Feb next year. I asked is it best to wait untill then, or would this be a huge…
