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Mortgages & endowments

Archives for February 2012

Joint mortgage - does one persons credit effect the others?
Hi, I currently have a buy to let mortgage with a friend in joint names. My friend has been trying to buy another property in their sole name but has had multiple rejections. He has had three but one is being appealed with a provider. One if the reasons he has had issues with the latest applications is due to the first two…
First time buyer - any advice on mortgage type suitable for me?
Hi, I'm looking for some advice on my first property purchase - which is to be a home for myself. I have savings totalling £165k in various accounts earning from 1.5% to3% in interest. (I am in my late 30's, don't smoke, rarely drink and work long hours). Some of this is locked in for one more year in ISA's. I am looking…
halifax /broker screwup
I've got a mortgage offer with halifax, which i went via a broker to get. I discovered today, that mail from halifax in my name is being sent to the property i am buying, which i do not move into for two months, and i cannot get halifax to correct this without the broker intervening. apparently they cant change my address,…
Mortgage completion and deeds
I am due to finish my mortgage in 3 months. I rang the Halifax and asked what happens next. They replied that my account would be closed and i would be sent my deeds etc within 28 days. I asked about them keeping the deeds for an annual nominal fee, they replied that they no longer do this. Whats the best way of keeping…
First time buyer & credit rating
Hi.. Newbie here so don't know if I am posting this in the right section. Where to start... Me and my partner have opened an account with nationwide called save to buy and hoping to qualify for a 95% mortgage by summertime. I'm now 23 but when I was 18 I got a credit card (so stupid!) and I missed 2 payments. This credit…
First time buyer...poor credit...mortgage??
Hi guys Apologies if i have posted in the wrong forum or what not (first time poster).. right-o..well im a 26y.o looking to buy my first property. I was a bit careless in the past, and as such got a couple of defaults on some payday loans a few years back (which will be cleared in 4 years). The debts themselves have been…
Mortgage access online?
Hi there, I just wondered if anybody out there knows of, or if there is such a thing as a mortgage account where it would be possible to view online? It would be nice to view diagrams (pie charts etc) of my remaining debt and sections if I was to say pay off bigger repayments a month, if overtime at work was available.…
mortgage broker charging me after deciding to not use him
Basically a week ago i decided the mortgage broker i was using wasnt finding the best deals for me so i decided to get a mortgage myself.i never signed a thing but on a discussion on the phone the broker told me part of the mortgage application was a 250 broker fee which i understand.the broker got me a mortgage promise…
Overpayment confusion. Please help.
Hello, I really hope someone could help us in this matter. We have our mortgage with Woolwich. We moved into our new home in June 2011 and started the mortgage payment from that month. Our monthly payments are £932.59. We started overpaying from the month of January 2012 to £1432.59. We were told that we were able to…
cant seem to get a mortgage because of a default
hi, my partner and i have been looking to get a mortgage ever since we had one cancelled by our lender back in jan, but we are finding it hard due to the lenders tightining their purse strings and with a default on my credit file , our mortgage broker has tryed everything but nothing has come up yet and we our now about to…
Need Advice - Transfering Mortgage Into My Sole Name.
Hi, Need some advice...... Currently my ex-partner is still attached to my mortgage. There were some problems a few years ago in removing her from the mortgage due to a loan being secured against my home in both our names. She has not been living at my address in the last 4 years or so. The loan is now set to be completed…
Taking on the mortgage when splitting from your partner
After being a long time troll (I think that's what I would be called) I wanted to write a post based on my own experiences on what to do with a joint mortgage if you want to stay in your home. I will start with listing the basics. Property value - 160k Outstanding mortgage - 143k My salary - 37k Additional salary - 10k…
Any 95% Mortgages for a First Time Buyer or similar help...?
Help if you can...? I'm debt free, earning nearly 40K per year in a very stable and safe job, I almost bought a property a year ago but for a number of reasons it fall through... My house purchasing history: Years ago I had an offer in principle upto 120% (pre credit crunch) but didn't go through with a buy for the obvious…
What is the best method to find out how much a mortgage company will lend me?
Can someone please advise me of the best method to find out how much a mortgage company will lend me. I have consulted several 'how much can i borrow' calculators on banks websites but the amount they say they would lend me varies by as much as £20k between lenders. I dont want to waste peoples time viewing properties i…
Help default!
I'm looking to take a mortgage out with my parner in the next 6 months or so ( his house is going on the market on Monday) we have my mums house to move into as he is owed around 20k from a bad car accident 2 years ago we should hopefully have around 35k equity from the sale of this house so a good deposit of around 50k…
mortgage for buy to let/ first time buyer
Hi All, I want to apply for mortgage and here is my situation I own 40% of a flat in Manchester and need to buy the other60. My salary is within the requirements for what I need to borrow (27K) and Ineed to borrow 85K My credit score is around 960 so good-excellent according toExperian but of course that will change…
Maturing endowment policy - issues
I have an endowment policy that matures on the 1st April 2012 and am in the process of claiming the proceeds of the policy. I am however, informed that the value payable is to be adjusted to take account of a 'cashing in' factor (circa 0.05%) and that the policy value stated is less than the 'minimum guaranteed benefit' I…
Mortgages and Credit Ratings
My husband and I both have pretty bad credit ratings as we are currently on a debt repayment plan with PayPlan. I checked my credit rating on CreditExpert last week and it was fair rather than bad which I was suprised at, I can't remember the score though. My father recently passed away and left us some money so we are…
Virgin One Account Interest Rate Rise
Came home this afternoon 29/02/12 to find a letter on the mat stating that Virgin One Account are going to raise their interest rates by 0.25% - Fantastic !!! To say I am angry is an understatement…Just pure and utter greed… In this current climate this is all everyone needs, for me, it’s the final straw ! I have been with…
Mortgage Struggle
Hi there, I was wondering if anyone had any advice to offer, apologies if I am a bit long winded, just trying to give an overview of the situation Background: My husband and I both had a bad credit history, which we resolved by my filing for bankruptcy and my husband entering into a trust deed. I was declared bankrupt…

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