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Mortgage Advice
Hi all, need an advice on mortgage. We got a "decision on principle" from HSBC three weeks ago and they said we need to find a house now. So we found the house, made an offer that has been accepted, get our solicitor involved and so on. Come back to bank a week ago to make an application and a nightmare has started.…
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Mortgage for residential property with shop? Commercial?
We are looking at purchasing a property to live in as a home which has a shop attached. The shop will be rented to provide an additional income but we will be living above in two storeys of the property. Although the residential part of this property is larger, the shop is only a third, we are being told we need to obtain…
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Mortgage position
We are currently on a standard variable rate with our mortgage and it looks like my husband is going to be starting a new job resulting in a house move. With regards to getting a mortgage would any companies base it on his new salary (i'm assuming he will have 6 months probation), my mum is happy to be a guarantor if…
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moving with mortgage tie in help please
i was wondering if some one can help. we have a 5 yr fixed on a 6% deal with 2 years left on it, and is a tie in deal. were totally sick of our neighbours and feel the time to move is upon us. we want to move to a bigger place which is around the £230000 mark but our current mortgage is £140,000. Could some one be nice…
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interest rates who decides
I am applying for a buy to let mortgage and given my circumstances the only option is the Mortgage Works. I am borrowing a small amount over 10 years and all being well (ie the country doesn't become completely bankrupt) things will work out. However a good friend has asked me the simple question; what is to stop the…
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Mortgage Balance £1 Conditions
I have been told by Northern Rock that if pay off my mortgage but leave a £1 balance on my account, I can avoid paying a £1500 ERC. What I cant seem to get out of them is what conditions are attached should I decide to do this. I can find no details in my contract and wonder if anyone else has accepted the £1 offer from NR…
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FTB- Insolvency Indemnity Insurance
Hi, Just a quick question because a search of the forum has confused me even more and I have never heard of it! Is it common for mortgage providers to ask for Insolvency Indemnity Insurance? Our solicitor says it is likely Nationwide will require it given our gifted deposit. Thanks for your help!
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Time limit for mortgage debt
Apologies firstly if this isn't the correct thread. Can anyone tell me if there is a time limit from when banks can chase for mortgage debt?
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How long till mortgage decision?
My girlfriend has just applied for a mortgage with lloyds. Her bank Her wage 25126. House value 145000. Loan required 119000 How long till she gets an answer guys?
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Advice re. NRAM negative equity and letting??!
Hi, I am new to this, so please forgive me if i am asking obvious questions!
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Mortgage Overcharges - compensation
Hello im wondering if someone could help, after 17 weeks of waiting finally Yorkshire Bank have admitted a human typing error on creation of my mortgage account 4 years ago - due to this error occuring i have been left in financial hardship as they was charging £684 per month instead of £460, as you can imagine i was…
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Mortgage Redemption Fees. Help!
We have recently sold our house on 16th September To try to cut a long story short we had our mortgage with Nationwide which we want to port with additional borrowing onto a new property. The surveyor messed us around for 6 weeks, intially refusing to lend, then asking for a structural engineers report which still wasn't…
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Inheritance Tax
Hi, Can someone help me with some information. My Parents aren't married (got divorced then back together years ago) and are looking at getting a re-mortgage on their un-encumbered house. My Mum's name is on my mortgage so the advisor said she can't go on this application. The application is to go solely in Dad's name, and…
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Are endowments really worth anything now?
Admittedly, I know very little about endowments other than the horror stories of recent years of them maturing at a lot less than the outstanding mortgage. I suppose I should speak to my FA about this, and I will next time I see him, but I was wondering what peoples recent experiences were. Are there decent endowment…
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Buying house with student son
My son is at uni in nottingham and I am investigating buying a house near the uni for him to live in and to let to other students. A four bedroomed house costing around £150k should generate around £1200 per month whilst the mortgage repayments on £120k (assuming 20% deposit) would be around £500 pm. I would put up the…
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morgage for the over 60's
Please could anyone tell me if there is a company who could provide a mortgage for a 61 and a 71 year old. Need to borrow £30,000 for a £120,000 property.
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Mortgage Help and Debt Repayment Plans
Hello I am looking for some sound advice please, My wife and are are possibly looking to move house, We have had a mortgage since 2006 first with Amber Home Loans due to me being in a debt Repayment plan with Payplan since 2004. Amber home Loans sold our mortgage to Mercantile Asset Management who then sold it on to our…
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Repayment fees?
Have just left Santander at end of 2 year fixed deal for a Natwest remortgage and on redemption, was charged £225 repayment fee which I have never heard of? When I questionned this, I was told it was an admin fee to cover closing the mortgage down, to act on my behalf to release deeds etc Is this standard when you leave a…
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Broker problems I think
6 weeks ago we applied for a mortgage through a broker. He has said the cheapest he can find is one through Santander. So we went with that done all the paper work and everything on the the first day. Now 6 weeks down the line. We have heard nothing from Santander. We rang them about 2 weeks ago they told us we had to go…
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rip
Hi, Wonder if anyone can advise me, I have a buy to let in Belfast and would like to get some equity out of it. Currntly the I owe 70,000 and would like 25,000 from it. The valuation is sitting at 130,000 with a rent coming in at 650 p/m. The problem is my credit rating is poor and I merely want to clear some debt. Our…
