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NRAM- end of fixed rate period dilema
Hello, we were one of the luck/unlucky people to get the 'amazing' 110% mortgages back in 2006 with Northern Rock who has since gone bust. We are now with NRAM. _pale_ our 5 year fixed rate @ 5.99% is soon to come to an end. our repayments each month for our mortgage plus the unsecured loan is SOOO much we really want to…
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Mortgage & JSA
I am claiming Job Seekers Allowance. I have just received forms to complete to receive mortgage relief. Can you tell me how this will affect my credit rating and mortgage applications in the future. I have just been to see my mortgage lender Cheltenham and Gloucester and they do not have a problem with it as long as the…
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Can I get my mortgage company to lower my interest rate?
We are in a shared ownership property.. our mortgage is for 90.000 ( 35%) and our monthly repayments are £823.46 a month, plus £350 a month rent. We are supposed to be in affordable housing! We agreed to a high interest rate with our mortgage company for a 3 year period to get ourselves out of rented accommodation and onto…
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Help!
We need some guidance urgently. Situation as follows: We live in Bucks but want to move to Manchester next year. We have found a house there and had our offer accepted. Price is £148k. My wife is a teacher on 45K and I am a househusband. We currently live in a house in Bucks that is owned outright in my name (worth £200k).…
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Newbie Alert- My situation
Hi all, have been a reader of this forum for a while now, so it's time I grew up and started being more responsible with my money. I'm 28 and currently rent, have done done for 3 years and managed to save zero pence! Debt wise, I've in total about £9,000 to pay off, which I could do in a year. I've recently been promoted…
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Remortgage BTL with <£20k income
Wife has a BTL which is around 30% LTV. Currently on 5.99% SVR with Std Life. Obviously a poor rate right now, so looking to remortgage. Principality had a tracker at 3.99% with no fees etc, but said income must be £20k+. She currently works part time so income just below £20k. Who would look at this with a decent rate?…
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Complex Mortgage Situation
Good evenin' The situation Last August, I spotted a flat that was up for sale as a re-possession but there was no management company in place. It was priced for £55k, having paid off all my debt I had no savings for a deposit but more importantly as there was no management company no mortgages were available for it. I was…
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Best savings account for a mortgage
I'm looking at saving approximately £600-700 per month over the next 12-18 months to go towards a deposit on a mortgage. I have adverse credit and therefore need to do the best I can within the time to maximize my chances of getting the mortgage. I was just wondering if anyone can recommend a savings account in particular.…
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Mortgage Shortfall Getting Bigger What To Do
We have just had our endownment mortgage statement through. It should be for £35,00 and is due to mature Dec 20131. The projections are as follows: 4% per year £10,700 shortfall 6% per year £9,700 shortfall 8% per year £8,700 shortfall We did go down the mis-selling route but we didn't get that. We increased our endownment…
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NRAM Permission to Let & getting 2nd Mortgage
Hi, I’ve had a NRAM mortgage for last 4-5 years. I borrowed over 100% and have been over paying and would estimate (realistically) that my flat is worth about what i paid for it and that’s roughly what i have outstanding 125k. I’m overpaying every month, and saving to move. I will have saved 18-20k by end of next year so…
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Transfer of Equity
Hi My soon to be ex husband is in severe financial difficulties and demands that I sell our house. My combined income including part time wage, tax credits and child maintenance is around £25k. To buy him out I would need a mortgage of around £120k - I have no form of deposit. What are my chances of finding something? Be…
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Problem?
Hi, We had our full mortgage offer end of last month. We had our formal mortgage offer in the mail. Today I received another mortgage offer which reads - YOUR AMENDED MORTGAGE OFFER. There isn't anything that has changed but the overall cost of the borrowing. It has one down by £30. Why would this be? I am little worried…
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Help needed with understanding overpayments!
Hi everyone, My husband and I have just started on the overpayment journey and need some advice/help in understanding some stuff.My apologies if it sounds a little silly...I thought I had better ask as we are planning to overpay regularly. We are with Santander on fixed interest mortgage until April 2013 at 5.83%.We…
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Mortgage Issues
Hi, i am currently trying to sort out my parents mortgage which they have had for the last 7 years. I have recently found out that the mortgage is on an interest only mortgage and because of my dads age their is only 6 years left on his mortgage. At present he has a remaining balance of £117k and due to not having many…
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Mortgage Advise
Hi, I am new to this so please be gentle with me. Me and my partner of 18 months are looking to get on the property ladder and saving for deposit for next year. I am 33 and my partner is 20. The major stumbling block i think we will have is that I have 4 defaults on my credit file which I have listed below. Phone bill -…
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Arrnagement fee for switching mortgage to allow letting
Hi all My wife moved out of her house and into mine in December 2009 and we have rented her house out since then. She is 100% sure she informed Santander (mortgage) that this was happening. We are now in the process of selling her house and we have recently married and her name has changed (as has her address). She phoned…
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Overpayments, underpayments, fixed mortgage with Nationwide
Hi Am I right in thinking that even on a 5 year fixed mortgage with Nationwide if I make overpayments I can still underpay in future to the same amount. Their details are When you overpay this builds up an overpayment ‘reserve’, which you can use to either reduce your monthly payments by a set amount (e.g. £50.00 per…
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overpayments or pension pot
Hi I'm 26 and have just bought my first house with my partner. I've been reading advise on this site saying how important it is to pay into a pension. (On a personal note I'm not working at the moment, I finished my MSc in January, I'm looking for work and attending interviews every couple of weeks, but nothing as yet. My…
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Building Survey after mortgage offer?
If we have this now (after we have our mortgage offer based on valuation survey only), would it have any impact on the mortgage offer or are they not interested? It would be an independant one...
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SPPL/Capstone/Acenden etc borrowers tell your story!
Hi I there I am trying to get in touch with all the people who have been victims of Acenden/SPPl/Capstone/Preffered/London mortgages etc. Because I am also a victim of SPPL/ Acenden and have managed to get in touch with a guy called bill from shelter who is very interested in hearing from people who have been treated…
