-
HSBC mortgage and owning 2 homes
Hi We are applying for a mortgage with HSBC. When we did the questionaire over the phone we told them that we would raise the cash for the depposit from the sale of our current home. Unfortuately the offer on our home has fallen through and we need to proceed with the purchase of our new home asap. We can do this…
-
Am I timed out on endowment
Please can someone advise me. I took an endowment mortgage out 24 years ago and was told by an advisor(a friend of a friends dad) that endowment was way to go as it was a win win situation my repayments would be lower and at the end of my term I would easily receive between £13000-£18000 I asked him about repayment…
-
mis sold mortgage many many years ago
was sold an endowment mortgage many many years ago and then had to change to repayment about 7 or 8 years. Tried to make a claim but company who set it up were out of business and and as woolwich (now Barclay's) had not set it up believed that I had no case. Will probably pay back abou 55 - 65K for a 15k mortgage!!!!! CAN…
-
Could I/Should I buy a house with my Dad?
Hello Just looking for some advice on a possible scenario. My Mum has recently passed away and I am worried about my Dad who is 78 living on his own as he gets older. I live with my partner but I am unhappy in the relationship and would like to leave - unfortunately I cannot afford to buy a house on my own for me and my…
-
axa old with profits
Hi I have made a request to axa(now friends life) about how the bonus paid in june to axa old with profits policy holders was calculated for the inheritance fund they got in 2001 no joy just wondering if anyone has had the same problem or had any joy as they dont seem to know.
-
Un-Mortgageable / Un-Habitable House ?? **Advice Needed**
Hello... apologies if something like this has been posted before but I am new and couldnt find anything similar to my situation. OK so myself and my husband finally invested in our first house in June 2011. The house was a repossession that we paid £80K for. We put £16K deposit down so now our mortgage is £64K. The house…
-
Removing name from Mortgage - options?
My nephew and his girlfriend split 2 years ago - they have a house- She wants to be taken of the mortagage, she does no want any money just to get her name off it. He lives in the house. Santander will not take her name off the mortgage as he does not earn enough in his own right. He has a lodger which helps out with the…
-
Advice needed on Interest Only Mortgage and Overpayment
We own a 4 bedroom property purchased at £179,000 (9 years ago) with a mortgage of £150,000. The current market value if we sold today would be about £250,000. We have a balance of about £128,000 left on our mortgage with about 13 years to run. Hubby was out of work for a year duriing which time we had to change our…
-
Poor credit score and factors affecting mortgage decisions
Dear Forum; Due to a failure of the company I founded and ran for 6 years, I have now got a sizeable debt and poor credit rating. I do though now have a secure job. My partner also has a secure job and a good credit rating. We would like to plan to deal with my debt (possibly a lump sum IVA), save a deposit and buy a…
-
First time 'expat' buyer
Hi All, My fiance and I currently live in Sydney, Australia. Next year, around September, we plan to move back to the UK after five years of being away. When we move back we should have around 100k for a deposit for a mortgage. I was just wondering if anyone had any advice on the following: - how easy is it to get a…
-
Overpayments vs offset mortgage ?
We have a Nationwide tracker mortgage which is outside the initial term, and has reverted to the SVR of 2.5%. It now allows us to make unlimited overpayments without penalty. We are considering making a one-off overpayment of £40k which is most of our savings (excluding an emergency fund which we are keeping in a cash…
-
Has a homebuyer survey been carried out?
I've applid for my mortgage through YBS and they have carried ouit the survey which came back fine.I asked for a homebuyer survey as NHBC were unsure whther they would fully cover the property I was purchasing. I now have the mortgage offer in writing with he report attached to the back.The report says Mortgage valuation…
-
4 part mortgage - advice
Yeah I know it sounds complicated. We initially started with a £30k interest only mortgage and still have this, we then took out another three equity releases(yeah I know:() over some years, hence the 4 parts. Three of these were on fixed rates, which over the past few months have finished and the last one finishes in…
-
FTB Buying House from family member
Hi there, I wonder if someone can help me as I currently rent and have not had a mortgage before so not to sure on the ins and outs. Myself and girlfriend currently rent a house from her father. He owns a few houses and would like to sell the one we rent to us soon. He doesn't have much mortgage on it, the house we think…
-
Sick to the back teeth of Redstone mortgages
Anyone else lucky enough to have a mortgage with redstone? I am sick to death of them and want to know if there’s anyone I can complain to about them. I’ve had nothing but problems with their management of my account for too long and a recent incident has tipped me over the edge. A year ago my rate went onto a variable one…
-
Any decent mortgage rates without a 'product fee'..?
Just wondering.
-
Joint house purchase differing deposits
Hi, Was wondering if you could help me out with a bit of a brain freeze. My partner and I are going to purchase a house with different deposits. We want it to end up being 50/50. Interest only mortgage. £250,000 property. 30% deposit in total. Partner A will contribute £50,000 deposit. (two thirds) Partner B will…
-
Newbie Question: Second house using first as deposit
Hi all, newbie question I guess. We have a house. Its worth £200k at the moment. We bought it for 150k, of which 80k was a mortgage (this is now 60k). My question is, could we buy a second house, using the the equity in our first house for the deposit on the second one, and renting out the first one? Just trying to get my…
-
Equity Release Scheme get out!
We are looking at a scenario and would appreciate any advice. Our in laws took out an Equity Release Scheme a few years ago. At preset it is approx £40k on a house worth £220k and the interested is approx 6%pa. They were thinking of signing the house over to us to protect against future fees from any longer term care home…
-
Barratt shared equity deals
Sorry if I am posting in the wrong section...I wondered if anyone has any knowledge of the Barratt shared equity scheme where you get a mortgage for 70% you provide a deposit of 5% and Barratt give you a loan for the rest which you pay back later. I don't know if this is a good idea. I am a 1st time buyer who will become…
