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mortgages
Hi, I am interested in buying a property with my parents in law,it has two houses on one deed and we would split the purchase price accordingly, they are putting in cash and my husband and I would be part cash part mortgage, they are both over 75 so won't qualify to be put on a mortgage for inclusion on the deeds, and…
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Mortgage porting question.........
We have just sold our house for £242,000 - £96,000 of this is equity which we will use as a deposit and to pay associated housemoving costs (we have just had an offer of £325,000 accepted on a new property). Our current Woolwich mortgage is approx £146,000 (2.38% tracker) and we have been advised that we can port this. Our…
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Northern Rock Mortgage ends May 2012
We got a fixed rate Mortgage with Northern Rock in 2007 just before everything went wrong. We did not have a deposit so Northern Rock lent us £99,000 for the mortgage and then £21,000 unsecured loan for the rest for home improvements - this was all on an interest only basis. Now we need to try and re-mortgage in April/May…
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Taking a name of the mortgage, how easy?
Me and my bro took out a joint mortgage with NatWest in Apr 2010. Since then we have making repayment without any delays. When we applied I was studying and working part time however my older bro was working full time. Now that I am working full time for the last 5 months on a good salary with a a bit of saving, me and my…
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Mortgage Overpayments Help & Advice
Hello, I am new to this and would be grateful for advice anyone can give me with regard to overpaying on my mortgage. I have spoken with Customer Services on a few occasions now and have been given conflicting information each time and I am now at a loss as to what to do for the best :-( I am interested to know when the…
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Extending mortgage term
I was in a real MSE mode earlier this year when I remortgaged and went from a 25 year term to a 15 year term so I could attack my mortgage. In hindsight, I should have gone for a longer term and overpaid but I didn't trust myself to make the overpayments. Anyway, I am now struggling with the high payment I set myself. Is…
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Mortgage porting advice
We have been looking at moving to a new house and have just discovered the idea of 'mortgage porting' but not quite sure how it works. We currently own a house valued between 105-110k based on recent moves in the street. We currently owe 93k on the mortgage. We are looking at a property valued at 190k Would porting be a…
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Mortgage Overpayment Advise\Help
Hello All, I apologise for what I'm sure is going to end up being a bit of a simple question - but new to the whole mortgage thing and it's surprising how it's not quite as straight forward as I thought (in terms of transparent clear information being available). I have a tracker mortgage with Woolwich - taken out this…
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Remortgaging in one name
Hi all, Im new to this so bear with me! I have been trying to remortgage unsuccessfully this year with an award winning broker who was highly recommended to me. I have a mortgage for 118k on a property worth 200k. Since my husband left 7 years ago, i have been paying it alone on an interest only basis, with his name on the…
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Change to repayment from endowment??
HI Took an endowment mortgage out 14 years ago when got married as that was the only main option its only 40k and with 11 years left I was wondering if I should remortgage for repayment as have 30K in savings t put down and could pay the lot off in 3 years and keep endowment to mature in 11 years giving 40k back. does this…
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Sound advice required regarding re-mortgaging with bad credit!
Hi everyone I have a mortgage with Accord (boo...hiss!) Since my fixed rate has ended I have been stung with high monthly mortgage Payments. Here's the problem...my credit rating is shot to bits, my income is not as high as it use to be & I doubt anyone in their right mind would lend to me! I know there are some good deals…
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Overpaying NW mortgage
Currently still in my NW fixed rate but now have some surplus funds which I can put towards overpaying. It used to be the case that I had to overpay by cheque in branch; without a NW bank account, I couldn't overpay directly to my mortgage account. However, it appears from the website that I may now be able to overpay…
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Loft conversion or buy another property?
I wonder if anyone would have any thoughts on our situation. We've lived in our 2-bed semi-d bungalow for 4 years. We paid just under £139k for it. Our neighbour with the same property has had hers on the market for about 2 years at £130k and hasn't sold it, so we don't think we could sell ours, especially as we're a…
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Nationwide Base Rate Mortgage - Worth the risk?
Hi there, Please help! My current Nationwide deal is coming to an end in Feb and I have been looking around and it seems that in our situation, Nationwide currently offer the best deal I can find to get another fixed deal. The interesting thing is, as I have been looking into it, if I don't choose a deal we will drop onto…
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100% mortgages?
Hi, Can anyone offer some advice please? me and my husband currently rent and have a joint income of £39,500 before tax and would love to buy the house we are currently renting which is worth £120,000. I went bankrupt 3 years ago and was discharged 6 months later. My husband went a bit daft in his younger years and is…
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Would a mortgage lender touch me if I was in this position next summer?
Would a mortgage lender touch me if I was in this position next summer? On my own. I’m on 17.5k. Have 7k deposit on a 82k house so mortgage of 75k over 35 years. At 5% I work that to be £380 p/m plus bills… Wage £1,188.00 mortgage £380.00 food £150.00 going out £100.00 mobile phone £10.00 Current account £6.50 water £20.00…
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Advice on remortgaging and borrowing more!
Hi all, We want to borrow £10k to pay off our debts. At the moment we are currently on a base rate mortgage paying £589 a month. (our house is valued at £180,000 and we currently owe £120,000) My first question is should I be truthful about the fact that I want to pay off our debts with this money? or should I say it is…
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Is this possible..???
Me and the wife currently rent a property from my inlaws and want to put an extension on the back and convert the loft. We have around £20,000 but will need an extra £40,000. Now as far as I can see I cannot lend this from a bank / finance company as I am not a homeowner. Anyone no of any mortgages / lending companies that…
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Is this a possibility?
Hi all, Myself and my wife have been offered first refusal on a property that we are very interested in. Our dilemma is that we need to sell our existing property to raise the deposit! We have spoken to a mortgage advisor who states that on our current incomes getting the mortgage we need would not be a problem, he also…
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HSBC lifetime tracker, can anyone beat this?
Hi, I'm looking at moving to HSBC lifetime tracker at 3.99% with zero fees. 85% LTV Are there any better lifetime deals about? Also my wife will not be returning to work to look after both of our children. She is currently named on the mortgage but wouldn't be on the remortgaged one. The house is in both our names. Are…
