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Saving or pay off mortgage
Just a question, Once I have saved a lump sum, am I better paying my mortgage off or continue saving, as my savings are going towards my next house purchase and going to be used for a deposit (aim to save £12k next yr, 12% of my mortgage) Do my repayments drop? My only worry is if house prices drop I would lose more money…
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Renewing Two Year Fixed Mortgage in Two Years Time
If I get a new two year fixed rate mortgage now, what do you think my chances are of being able to find a good deal (relative to prevailing interest rates) in two year's time? Do first time buyers typically find it hard to find a reasonably good new mortgage deal after two years? What charges do I need to be aware of at…
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Two properties, one title deed, one mortgage?
Hello, I'm hoping I might be able to get some advice from people who have been in my situation before or know more about the mortgage world than me. My situation is this, myself and my partner are looking to purchase two houses which are semi detached together. My mortgage advisor initially suggested that we would need two…
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To mortgage or not to mortgage?
Hello, been reading on here for a while but posting a message now as I was offered a place that is really all I want and I am considering applying for a mortgage for the first time. I am not sure if I shouldn't wait a few more months when I will have more money as a deposit, whilst I am also afraid to loose the opportunity…
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2 properties, one mortgage?
Hi all, Need a bit of advice. My partner and I both own properties, his worth approx £160k with a £40 mortgage, mine worth approx £210k with a £120k mortgage. We are thinking of moving in together, and wondered if it was possible to raise capital from his property to pay off my mortgage, and then let his out. Is this…
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Santander/Alliance & Leicester Mortgage
Hi All This is my first time using this medium to connect to all you money savvy folks out there and I was wondering if anyone can answer this question for me. I have an interest only mortgage which is or was with Alliance & Leicester which has been taken over by Santander some time ago. On Santander's website for…
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How much would it cost ?
I am looking at redeeming our endowment. It is a standard life unit endowment with a mortgage promise of about 3k when it matures in 2019. I am paying £165 per month for the joint policy which gives us 65k of life insurance although we do have other life cover through pension and a seperate life insurance co.It is…
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Northern Rock Incompetence
I've recently applied for a purchase mortgage with Northern Rock. They've had my application for 10 weeks. It seems to me that they are now trying to catch me out - trying to find a reason not to send me an offer. They have shown incompetence at every stage - asking for more information when they already have the details…
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Mortgage Offer
Hello I have applied for a Capital Raise Mortgage through a Mortgage Broker. I have received documents to sign and return with a covering lettert which states that my application has been approved in principle. I have changed my mind but I did email the company to say I wanted to proceed with application. Will I be legally…
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Linked address credit report advice please
Hi trying to apply for mortgage checked equifax report found linked address on file with cousins name on file wit his payment history 2 defaults in 2007 "we have same surname and year of birth but different month" then checked Experian report nothing showing ? can this effect my application? thanks
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Bank accepted mortgage application from unauthorised broker
Northern Rock accepted a mortgage application from an unauthorised broker and gave a friend a mortgage. What redress does my friend have with Northern Rock?
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First Direct - "Moving the Goalposts"
I have a 10 year fixed rate offset mortgage with First Direct where one of the attractions was that the mortgage would be portable. I have never defaulted on the loan and have excellent credit history - no loan or credit card balances etc. I am looking to move home and port the mortgage, but am not looking to increase the…
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Missold Endowment - Charge for Endowment File
I've just complained to Legal & General about being missold my endowment policy. I used the complaint letter format provided on the Which site. One of the things I asked for was a copy of the endowment file they have on me. L&G says this is a Subject Access Request under the Data Protection Act and will provide the details…
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Lender Making You Change Type Of Mortgage
Can a lender make you change the type of mortgage you have? i.e. From an interest only to repayment. I have had a letter from my provider, IF, saying that if I cannot provide credible proof that I can pay my interest only mortgage in 10 years time they will put some or all of it to repayment. I currently have a mortgage at…
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Best lender for temporary workers?
Does anyone have an idea which lenders are most sympathetic to temps for remortgaging with all other things being equal? I am on a contract which rolls over every 6 months for another 6 months, been at same company 2 years now.
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re-mortgage
Hi everyone, I have a repayment mortgage with NRAM @ 4.89% on £100,000. Property has been valued at £150,000 as I am trying to sell. Looks like I may not recieve an acceptable offer so could keep property and re-mortgage instead. Income is around £20,000 and I have one credit card with debt of £4500. One mortgage broker…
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nram redemption where sale proceeds too low
like several on the forum I have an interest only NRAM mortgage. the house has been on the market for a year and I have my first (only) offer which is below the outstanding amount. has anyone experience of negotiating a settlemnent with NRAM? or negotiating a redemption with an unsecured loan to cover the shgortfall?
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Halifax - Nasty Letter To landlords - Beware!
Halifax have sent me a nasty letter claiming if i do not take up at least one of their 2 new landlord mortgages then action will be taken under their consent to lease policy.e.g extra 1% etc etc. I feel something fishy is going on here as both of these products require large upfront arrangement fees, the fee for the Fixed…
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Moving a current mortgage: reasonable time to seek employment references
We are moving house, and taking our current mortgage with us. Since buying our property we have always paid the mortgage on time and in full (with capital), so that we now own more of the property, we are looking at getting a smaller mortgage as down sizing and we both earn more money in permanent jobs. Coventry our…
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Joint mortgage ex partner wont pay
Any advice welcome, In short, Son split from ex partner (her fault) have shared ownership house with joint mortgage and joint rental agreement. She refuses to pay her share of mortgage and rent, Son now has baby with new partner and has to support her and new baby and cannot afford to pay the full amount on a now empty…
