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Urgent help needed
Hi everyone, just in need of some advice. In 2007 my ex and I got a mortgage together. In jan 2010 she decided she didn't wanna be with me anymore, and I had to move out and rent somewhere. When it came to sorting the mortgage out I was happy to let it be repossessed as u already had other debts but she wanted to carry in…
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How about this for a quick mortgage offer
Meeting with mortgage advisor 2pm Friday afternoon, got mortgage offer in the post this morning (Tuesday) - Barclays/Woolwich tracker. Not quite the full picture, as the house (newbuild) had already been valued in a 'drive by' some months ago (for an application for a previous mortgage we didn't take out), but even so,…
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cheapest 5 year fix with portability
wondering if anyone can beat my brokers 5 year fix rate from northern rock. it was a fee free (90 completion/admin charge) rate of 3.99%. i owe 68,500 on a 100k property, so over the 30% threshold. was looking to pay it off over 11 years and i think he said the payment was about £640 a month. i have a great credit history,…
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morgatge help!
im in need of a little help in what to do next. Basically I've found the flat I want to buy,but am a first time buyer. The property is £95,000 and I can get around £20,000 as a deposit. Im self-employed and have my last 3 years accounts(around £30,000 p.a).Ive checked expedia and my credit rating was 999. Ive also called…
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Loan after Mortgage Offer
Hi, I was hoping someone could offer me some help. I had credit card debt of around £5k which was disclosed when my partner and I applied for a mortgage with Santander. We have had the mortgage offer from Santander on 27th January and exchanged contracts today with a completion date of 23rd March so that we avoid paying…
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Joint Mortgage - repayment
I have a joint interest only mortgage with my ex partner. I have not paid towards the repayments since the split which was harmoniously agreed between both parties. The property is now for sale. Am I liable to repay her back 50% of what she has paid since the split on the completion of the sale?
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Advice needed please re moving house and poor history
Hi, Up until 3 years ago I'd had a perfect score for my entire adult life. A divorce, financial problems and self employment with a few bad periods has resulted in my current situation. I have just finished a fixed rate mortgage having struggled for the past 4 years since my separation. I defaulted on some of my credit and…
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Moving house/Porting advice
Hi, my Mum has accepted an offer on her house and had one accepted herself today. I am concerned as I know her mortgage is with NRAM and she is expecting to move it over to the new house. The new property is £230k and the one she is selling £245k yet the one she is buying is valued higher so she didn't expect it would be a…
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Pay off mortgage early or start a pension
Not sure if its in right part of forum but.. I'm 38. Have got approx 9 years left on mortgage (as i'm overpaying into it, if rates stay the same). I don't have a pension but my new job offers a pension sheme where you can pay up to 5% and they match 5%. Am I better overpaying the mortgage or paying into the pension scheme?…
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Current Deal Ending Soon
Hi Forum. Advice greatly appreciated. My current mortgage deal ends in a few months and i pay £536 per month (4.28% interest - £286 - then £250 overpay). If i stay with current provider i receive £400 cash back and the rates/monthly payments are lower as LTV is 51.8%. Would the forum recommend tracker for 2-3 years of 3-5…
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Switching to interest only to pay off debts
Hi folks, long time lurker looking for some advice if possible. As title says, we have credit card debt of £10,000 and are just about paying all bills with no extra money left over at the end of the month, mainly due to my partners business struggling. My mortgage is up for renewel in May, so I have been on my current…
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Confused with halifax mortgage
Hi all, just seen this article on the sun http://www.thesun.co.uk/sol/homepage/news/money/4158670/Halifax-goes-through-the-roof.html im on an SVR at the mo... had a letter a few weeks back saying i have had £2,000 taken off my mortgage as a 'good will payment' will i be affected with this CAP RISE? should i fix a deal…
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With profit endownments
Hi have two Scottish Amacable with profits endownments one i pay £42.10 which started in 1993-2018 is meant to pay out £29000 and the other one £42.70 started in 2000-2016 and is meant to pay out £14000. Should i cash them in now as i hared with profits endownments are not very good. If i do that now i would get £13000 and…
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Tricky Moving Home Queries
Hi, Lots of things that need confirming with Bank here, but I'd like to get some thoughts from the forum first. We have a mortgage in mine + wife's name at a v.low rate lifetime tracker with HSBC. Decent equity of about 55%. We really don't want to lose this great rate. My wife will be unemployed soon as she is coming off…
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additional borrowings - rejected?
Hi Talked through with HSBC "underwriter" yesterday. We currently have a 160k mortgage with HSBC on a tracker 1.39%+base. I put in application for additional borrowings of 25k at 1.99%+base. basically to convert the loft/house works. Was rejected but they are supposed to call me back today, apparently it is unaffordable?…
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Advice needed please
Hi All I have had a mortgage for the last 10 years. (and have good paayment history) My boyfriend and I want to buy some where together towards the end of this year so i want to apply for another mortgage with him and then let my current property out. I have some credit cards bills to pay and a small overdraft to pay off…
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property split on separation
I have just split from my husband of 35 years and I need some advice on my entitlements I have moved out of the marital home which is mortgage free and am currently renting a flat Another woman has moved in with my husband The marital home is valued at £150000 and there is probably about £12000 worth of contents My husband…
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Endowment and living outside uk
I have an endowment due to pay this year after 25 years. I understand it pays tax free but I have just moved out of the UK. Will I be liable for tax now I am abroad. I am within the EU so does the European Savings Directive apply to an endowment policy? Thanks in advance for replies
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90% Deposit - what's the best mortgage option?
Hi, I am due to buy a home at £200,000 with a deposit of £190,000. I would like to keep the remainder as a mortgage. I currently have a mortgage on my current home but wish to move companies. I would appreciate any advice? Thanks in advance :) Maggie
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Mortgage Situation after Divorce
I am currently going through a divorce with my ex, having lost my job last year I managed to keep her lawyer at bay (he wanted to force a sale of the house). I have now landed a job with a basic salary of £40k, there will also be a bonus that will be paid if I generate above a certain level of income for my new firm. The…
