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new mortgage for very very short period?
Hi, Sorry if this sounds obvious (I tried to search the forum to no avail). Here is my (still hypothetical situation). I'd like to move from my flat to something bigger.My flat is probably worth £200,000 with £40,000 left on the mortgage. I'm also going to inherit £100,000 from my family. I'd love to avoid the stress and…
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Help - trying to remortgage with bad credit
I was declarded bankrupt in May 08 & discharged in May 09. I have just settled on a figure regarding the Official Receivers equity on our house. I need to remortgage for an additional 75k to pay the OR and a secured loan on the property. Current mortgage 97k Property valuation 250k Joint appliciation with a joint salary of…
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Lowest fee free tracker?
Just thought I would pop in to see if anyone has any ideas who is currently offering the lowest fee-free tracker rate? Thanks F
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Safeguarding Offset Savings
Forgive me if this has been asked before: If I have an offset mortgage for 350K and 300K in a linked savings account, and the bank goes belly up where do I stand? Its a joint account so 170k is safe but what about the rest? It would be nice to think the bank would say "sorry we've lost your 300K but you owe us 350! give us…
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Splitting up Joint Mortgage
My brother and his girlfriend have split up having signed a joint mortgage approx. 1 year ago. He paid the full £9k deposit and she contributed nothing and moved out of her own accord. As it’s a joint mortgage the lender won’t permit my brother to take on the mortgage independently. Consequently, in order to help my…
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How to get a mortgage as a contractor/non-permanent employee?
Hi, My husband and I are wanting to get a mortgage. We have a big deposit but the problem is that as my husband is a contractor. He has just finished a 6 month permanent job and is now in the first month of working a short contract under an umbrella company. We are hoping to open a new Ltd Company in the new year. The bank…
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Preparation for Mortgage Application - Should I use my Credit Cards?
Dear All, I am sure this will have been discussed on here previously, but I was unable to find anything relevant... Clearly anyone applying for a mortgage should clear any outstanding debts, including Credit Card balances, and I have done this - clearing my old 'stoozing' balances, and am now 'debt-free'. Historically, I…
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Mortgage with bad credit but at least 85% deposit! Help!
Hi can someone advise me....I am waiting for quite a bit of inheritance to come to through and want to get just a 12000 mortgage as I have 68000 to put down on a house.The thing is though my credit is terrible from getting in a lot of debt a couple of years ago due to redundancy.When I get the inheritance though the first…
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Can I get Ex-Partner to Pay his half for Mortgage/Loan
Hi Would really apprecitate any advice anyone could give me! I brought a house with my ex-partner in 2007 with Northern Rock and opted for the dreaded "together plan" which means 100% Mortgage and Unsecured loan. Unfortunately my ex-partner decided to leave me and moved in with new partner who has child and moved away. To…
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Release Equity for Children.
I am currently going through a breakup with my partner and I want to buy her out of the house and convert the loft to either take in a lodger or sell with more value. Im looking for about 25k and my mum has offered to lend me the money interest free, if she can release the equity from her house. I have heard nothing but…
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Removing name from mortgage / getting bought out
Hi there I know this is similar to another thread, but I'm still confused. :( My boyfriend and I have broken up. We have a house together (both on deeds, both on mortgage). He is going to 'buy me out', by paying me what we think is fair (all based on equity on house etc). He is going to give me what I am owed in cash. Then…
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which mortgage?
hi all, to cut a long story short :- sold my own house STC, no mortgage left on property. using all savings to go towards new purchase. need to borrow £30,000.00 over 15 years to buy new property and want to pay off extra per month (when i can) to repay earlier(again) would like a standard repayment mortgage with no early…
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Leave on SVR or Re-mortgage?
Hi There, Im giving myself a headache trying to decide when my mortgage goes on to SVR the end of this month whether to leave it or look at a fixed or tracker deal? While a chance to go on a lower rate would be in most cases good the fee to re-mort has gone from £199 to £499 (RBS) so im not sure if it would be worth the…
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mortgage question
Hi there. My sister is thinking about buying her current council flat. It's a small place and has been valued at around £70k Because its a council place she will get a pretty good discount, around 30k. Meaning she can buy the flat for £40k, she has £15k in saving, meaning she will need a £25k mortgage. She has been told…
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Surrendering Endowments
The following is a copy of a complaints form that I filled in this morning and sent to the provider of one of my endowments: Although named in my complaint, I have omitted the company names here. What Went Wrong: Last Tuesday I decided to surrender 3 endowment policies. The first tranferred transferred the money to my…
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Finding a mortgage to join 2 properties
Hello I have seen there is a similar thread to this on here, but I am looking for some advice on a slightly similar situation and would like some informed input! We currently reside in one property and are looking to buy another, next door, and join the two. The property values are pretty low, so bridging finance would be…
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Deposits
I am close to 'completing' on the purchase of a house. I am a first time buyer. I have to submit a deposit of £21,000. I bank with Nationwide. My question is, can I send a cheque to the solicitor or do I have to go into a branch to transfer the money in person? Secondly, I only have £20, 700 in my account, so I will be…
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New build mortgages?
I've been recommended (by the estate agent) to look for a mortgage from a company called Meridian who they say specialises in new builds. From what I can tell, new build mortgages often allow for special offers like homebuy and shared equity. But we have a good deposit - 50% - and would like to own the whole property. Do…
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Whats the maximum term allowed on HSBC Mtgs?
It states 30 years online....but is this the case....it seems low compared to most lenders?
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buying partner out of mortgage?
Hi all, Due to split up soon with my partner (amicable and friendly, for now anyway :) ) I'm pretty clueless about mortgages and how they are worked out. Our mortgage has the following details: 142K original house price She owns 68% of the house, having put 52K in as a deposit (i put little if anything). £82k left to pay.…
