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old endowment
I had an endownment mortgage from 1991 to 2004 when i sold my property. I have not bought another one. I have lost all paperwork relating to this now and im in the process of getting info from policy holders about this. Will i still have the endownment policy and life insurance policy and if so what can i do with them.…
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Bank of Ireland, free redemption and Cash-back?
Hello Just recieved a letter from the Bank Of Ireland informing me that If I switch to ANY other lender I will receive "No early repayment charges" & £1000 cashback on completion of new mortgage deal. They offer a free "London & Country" mortgage review too. They say since they decided to close "Bristol & West" they need…
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CCJ mortgages
Been applying for mortgages with little joy except one broker who says he after searching and a few declines now has THE one and only mortgage available to me as I have CCJ's going back to 2007. He's got the mortgage in principle but wants £1500 to broker it for me. Just broker it, the lender fee is on top, another £1000.…
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Deal ending soon - My options and questions?
Here's my situation. Borrowed 225,000 on a 5 yr fixed at 5.18% in 2006 (25 year term). Paid 249995 for the house My deal ends in December this year so I need to start looking for a new deal. I had queries about this process though. In theory my mortgage should be down to about 190,000 when it's time to get a new deal. That…
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Am I stuck in Northern Rock Mortgage...?
Hi, Sorry if answered before I didn't see any posts that exactly covered this. I seem to be stuck in NR repayment mortgage (fixed rate 6.79% until Sept12), and wanted to see if I could move mortgages but as I have a mortgage of £150k with £10k secured loan I'm told no one will lend (compared to a £32k pa salary). I took…
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Offset mortgage - pay down to £1, then borrow back to full amt again?
hello I am trying to work out how to fund my potential new house. If I pay off my offset mortgage so just £1 left, can I then take the whole lot back out again without having to tell the bank why? Even if they find out through solicitor does it matter if we are still within terms of the loan? I took out a 20 yr mortgage a…
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Taking over partner's mortgage
Hi, Just wanted some advice as to whether this is feasible. My partner has a house to which she owes the deeds, however, due to her divorce/child situation she could only be put on an interest-only mortgage. She has been told that she has to go on to repayment next summer which means things are very tight and she cannot…
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How will overpayments affect my mortgage?
I have two mortgages on my property. The first is interest only, £65450 backed up by two endowments. The second is repayment with £16198 outstanding. Both mortgages were Alliance & Leicester, now Santander. Mortgage rates are both BOE + 0.75% so 1.25%. The interest only mortgage monthly payment is £68.51 per month but I…
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Moving home and small additional amount of borrowing required
My husband and I are hoping to move home shortly. Our current situation is as follows: - Current home value/aniticipated sale price roughly £185,000 - £190,000 (based on a similar property nearby selling for that in the last 3 months) - Outstanding mortgage debt £88,000 (Woolwich lifetime tracker of BBBR + 0.74%) - Savings…
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2 Low Mortgage Valuations. What next??
We offered £475k for a house on the market for £600k. They accepted the offer (woo hoo!!) but when we had it valued the surveyor came back saying he thinks it is worth £450k. We've had another valuation and again we've been told £450k. My bf is convinced the sale is going to fall through now but I really want to make it…
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New house/mortgage and want lodgers...must notify HSBC...problem?
Hi there, First post on the forum but a long time user of the site...great stuff! I just bought a 4 bedroom house. I intend to live there and rent out 3 rooms to lodgers (on a semi-informal resident landlord kind of basis). I am told I must let my mortgage company know, but I have a "standard" mortgage rather than a…
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Non UK resident
We are a UK couple, retired, now living permanently in France. We own a flat without any loan on it which we currently rent to tenants. We'd like to raise iro £30k on this flat (value is approx £160k) to give our daughter a deposit to buy. She has a well paid job paid £45k pa - but has no deposit. So far all our efforts…
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New application - Valuation
Hey everyone, Was wondering if anyone can offer any advice? I'm currently trying to buy a property and have hit a snag with the application. Background info: I'm buying a house from my parents. This was valued by 3 different valuers at £120k, £120, £115k. To help me get onto the property ladder, my parents offered me the…
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mortgage
hi i have a mortgage and then another loan which i thought was secured against my home of £30000 but when i read the agreement it states mortgage is this a second mortgage or just a secured loan against my home. also if this agreement was unenforcable could i stop making payments and i would not loss my home
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Does 95% LTV Morgage still exist?
Me and Wife looking to buy our first house after privately renting for 5 years. Deposit required are absolutely rediculous for a first time buyer. We got about £15k saved and look for something around 200-250k mark. Does this still exist? Any help welcome as I'm loosing hope to get on the ladder and we are expecting our…
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Both names on mortgage?
My partner and I are hoping to buy a house and move in together within the next 12 months. It will be him funding the deposit as I am currently a full-time mum, but we will both be paying the mortgage payments, household bills etc. Will we be able to have the house in both our names even though I have a poor credit rating?…
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Adding a Buy to Let onto my current Offset Mortgage
Hi, I'm after some advise. I currently have an one account offset mortgage and I’m thinking about buying a flat as an investment. Been looking at buy to let mortgages (2 year fixed). all of these mortgages seem to be over 4% and over 2k in fee's!! if I added this to my current mortgage I have no fee's and a lower interest.…
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Cheapest Commercial Mortgage
Hi All I am buying a commercial premises freehold 65000. Has anyone come across a cheap commercial mortgage please? Regards Thomas
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Should we re-mortgage?
I am having problems trying to secure a mortgage with a 90% LTV on a new build property. Nationwide have sent me a Lending Certificate (for what it's worth) and should give me a definitive answer by tomorrow. I'm not holding my breath. I currently have a mortgage with NRAM - Mortgage is at £185k and balance is circa £160k.…
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HELP! I am completely stuck.
I have a joint mortgage with my ex-husband. It is an Interest Only mortgage with £147,000 as a redemption figure. The current value is £130,000. He has no lending facility as well as a load of CCJs and no savings. I have good credit but do not earn enough to take over the mortgage on my own. To add to this, the current…
