-
mortgage delays
Hi, i'm a first time buyer. I applied for a mortgate via a broker to Santander and paid £495 booking fee in October of this year. Since then they keep coming back to me with niggly questions, so as i write i still have no answer if they will lend, so the seller (understandably) is threatening to put the house on the…
-
Help please - Transfer My Name Off Mortgage Fee
Hello, would appreciate any advice here. Am currently going through a divorce and I will transferring the mortgage over fully to my ex. I have called Northern Rock and they said there will be a fee of £265 for this. Is there any way this can be reduced as I am on low income and legal aid as it is. Any advice appreciated…
-
Help! Complex mortgage situation
Hi - Help!! Briefly, we own two properties Property A we rent and have a nationwide mortgage on a good term Property B we live in and have a not so good mortgage term with natwest Both mortgages are for a similar value, natwest is 4k more than nationwide, but property B is worth about 30k more than property A. We want to…
-
Mram
Hi all, We are currently on the SVR and our house is on the market to sell. Due to this and other circumstances we wanted to rent out our property instead of selling, with a view to sell in a year or two. We spoke to NRAM to drop our repayment mortgage to interest only, which they will not do. Has anyone else experienced…
-
Can I use my income to apply for a mortgage for my wife?
Hi Apologies if this is a really silly question and after the new year I will visit a mortgage adviser. Anyway I am employed and my wife is a housewife, with no income. I would like to purchase a 2nd property for investment purposes and most likely rent out for years and hopefully if prices go up then sell. As I will be at…
-
MSE News: Risky lending targeted in tougher mortgage rules
This is the discussion thread for the following MSE news story: "A shake-up of the mortgage market was unveiled today, aiming to prevent a return of irresponsible lending ..." Read the full story: Risky lending targeted in tougher mortgage rules
-
The FSA thinks you are thick
http://www.moneymarketing.co.uk/1043441.article?cmpid=MME01&cmptype=newsletter&email=true Apparently, the only people who can decide whether a mortgage is suitable for you is a mortgage adviser. Guess we'll be seeing a lot more fees then
-
Changing mortgage term
Can mortgage lengths be extended when you remortgage? If I was to get a five year fix early next year for 25 years could I remortgage when that term ends for 25 years. My thinking being that if interest rates rise dramatically in five years time and I cannot afford the interest rate, by extending it five years it will be…
-
Could we get a 2nd Mortgage? Advice and opinion please.
My partner and I want to buy a house togther, however we would like to keep my flat where we currently live. Our plan is to rent out the flat -we belive that we'd get more than enough to cover the mortgage meaning the profit we could save in case there is ever a time when we have no tenant, or we need to make repairs etc.…
-
Combining two mortgages, porting and self-employed...
Hi there, Looking for some advice for a bit of a complex mortgage situation. My partner and I have two properties and two separate mortgages as follows: Property 1: Outstanding mortgage of £85,000 (property value: c£105k) Lifetime tracker of 1.39% (+0.89% above base rate) Currently have consent to let from Lender 1 (HSBC),…
-
Nationwide allowing mortgage switch?
We have a Nationwide fixed rate mortgage set at high-ish rate and would be happy to pay the ERC fee to move to another product with Nationwide but when I last spoke to them they said they don't allow you to do this, but would be happy for us to take our business elsewhere which of course we can do but are happy with the…
-
Mortgages Vs Renting
Hi all, and Thanks in advance for any useful information. Currently my partner and i are living in a rented house, at a cost of £500 pcm. We are now looking to buy our first house, but it is in a completely different location.. We currently live in New Quay, West wales, But want to move to Bedfordshire (Where i originally…
-
Proof of deposit origin (money laundering etc) - Offset mortgage?
Hi all Does anyone know, when taking out an 'Offset' mortgage do I need to prove the source of all the funds (deposit + initial amount to go into the offset) or for the deposit only? The KFI was done on the basis of putting a certain amount into the offset at the beginning and the repayments being calculated on that basis…
-
intrest only mortgages
We are a 59 year old couple with an intrest only mortgage with capital to be paid back when we are 65 years old. The mortgage with Topaz finacials is £178000 and house valued in last 6 months of £250000 Obviously we can just sell up and repay mortgage but is there another avenue I could pursue rather than selling? One idea…
-
Forced name removal from a joint mortgage
Can I be pressured into removing my name from a joint mortgage?
-
Mortage Rate Advice
Hi I currentley had a fixed rate mortage with halifax for two years, Now i have come out of this and have gone to there base rate which is 3.50%, I have a mortage of 81,000 thousand and also put down a 20,000 Depostit. Since going to base rate i have saved around 40 pound a month. Is there any better rates out there with…
-
What next for mortgage rates?
Interesting article about mortgage interest rates: Are mortgage rates about to rise or fall and should you take a fixed or tracker rate? Simon Lambert rounds up the latest predictions, tips, analysis and the best mortgage rates Rising slowly: The market outlook for rates published by Bank of England MPC member David Miles…
-
Challenge Credit Check
Hi All, We are looking to remortgage for a house move and I did a statutory credit file check with callcredit, equifax and experian. A while ago in 2008 HSBC who have our mortgage allowed us to miss the interest on the mortgage for just 3 months, we paid an extra £50 a month then after a year they said we could…
-
Can net salary be "grossed up"?
I have a friend who has a problem with gaining a mortgage. He is about to start a new job that pays a net salary, where he is not taxed at all due to the financial structure of the employer. His previous employment was a normal job where he received a gross salary like everyone else, and got taxed as normal. As mortgages…
-
Mortgage decreasing term assurance cost
Hope somone can help. I have a dispute with my bank because 1) I was convinced by them I had to have mortgage protection and 2) the cost. The cost was £85 a month to cover an £80,000 mortgage. I took it out 7 years ago when my wife was 49 and a smoker and I was 51. It was to last 18 years. Could anyone tell me if this…
