-
Does equity mean nothing for pensioners?
My wife and I have a mortgage of about 50% of a £175,000 property with TMB who now annouce the current interest only loan cannot be remortgaged and we have 12 months to repay it. Clearly we cannot make the first instalement and face eviction and a knock down sale of the property. We seem unable to get a new mortgage, our…
-
Advice needed please..
My sister is divorced from her husband & the house is up for sale & has been for a year or so with no joy of selling it as yet. My question is can my sister`s ex husband expect to get 40k (thats how much he wants) once the house is sold even though he has not contributed anything to any bills for the last 7 years? He is…
-
To fix or not to fix???
Currently looking to remortgage from a self build prperty (completion certificate just received) and move to a conventional mortgage. We've been to one mortgage broker who seemed to be steering us towards either a 3 or 5 year fixed mortgage in general. His theory being that interest rates have been so low for 3 years that…
-
what will happen to my interest rate when my deal ends?
Hi there, I'm coming to the end of my fixed mortgage soon. My rate was set when interest rates were very high and is 5.99%. when my mortgage deal ends what rate will I end up with if I dont fix again? Will it be a certain amount above the current base rate (whatever that is) or would there be another set rate I will go to…
-
HSBC Strange lending criteria
Me and my wife went for a meeting today with a mortgage adviser at the HSBC.We were interested in remortgaging with the lifetime tracker 1.99% above base. We are currently with Santander. House worth £210000 outstanding balance £111000 I earn in excess of £40000.My wife,who is currently on maternity leave and will be…
-
Halifax Have Rescinded on a Mortgage Decision in Principle - What Can I Do?
Hi all, My plan is/was to sell my flat, pay off my outstanding debts and move home - effectively starting again as my mortgage would be 25 years again. I accepted an offer on my flat at the end of January and as I had been given a Decision in Principle from the Halifax, began to look for properties to move to. I found one…
-
Amber Home Loans
Hi there I am on interest only with Amber and have been for the last two years, they are now insisting that I go back on to repayment mortgage but I don't have the extra £500 per month that this will cost me. I have not missed a payment on interest only in 24 months. Can they force me to do this? Surely I will lose my home…
-
Bank charging more interest than taking payments ?? confused
Hello, I need some advice as to where I should go to check this, so that I can find my legal position on my mortgage ; Purchased my house approx 12years ago with a standard repayment mortgage, with a 10 year fixed interest. This was all fine for the first 5 years, the agreed amount came out of the account each month and…
-
Virgin one account
Hi all, Does anyone know if the virgin one account is like any other offset mortgage? I used the mortgage shrinker gadget from their site and it just seems too good to be true although i have had friends who have had a one account with them who have said good thing. Thanks in adv
-
FTB Help with selecting mortgage
I am trying to find the best mortgage deal for us in terms of monthly payment and probability of being accepted and don't know where to go. We spoke to a broker but just ended up confused and it didn't seem that the deals we were offered matched those online. Our details are: Applicant 1:* Salary - £37000 * Credit Card…
-
endownment policys
Hi I have two endowment policies which I guess I could try and get money back on them. I need some advice about endowment mortgages as I don't know much. Just divorced I am just looking in to these. If you do get compensation back on the endowments that are active,does it affect the endowment policies or what. Thanks:)
-
Mortgage Redemption Chaps Payment
I have requested a redemption statement from my mortgage lender as I have a very small amount outstanding, approx £750. Whilst there are no charges applied, as I had a standard variable rate mortgage with no early redemption fees, the bank is telling me that their condition is that I have to make the payment using the…
-
100% mortgage using two other properties as security
We live in Scotland and own a large 4 bedroom Victorian house built on three levels. It's set back from the road, has enough parking for 3 cars. No garage but room to build one. There's a £70,000 mortgage secured on it. 2 structural problems: 1). Balcony retaining wall moving away from the house. Not by much, just over 2cm…
-
Halifax mortgage first payment - confused!!
We've exchanged contracts and are due to complete on our house on the 5th April. We're having a Halifax repayment mortgage and I believe my solicitor intends to get the funds ready the day before completion. I think our normal payment date is to be the 1st of each month (although I can't see this in the mortgage offer??)…
-
Nat West has put mortgage fees up, will rates go up too?
I was looking to apply for a Nat West mortgage last week the fee for existing customers was £499, looked at the web site today and the fee has gone up to £799, does this mean that interest rates will go up too soon? Are the two linked in some way or do they put up fees as they are running out of products?
-
buying out my ex if possible
can i have a bit of advice please. im a single parent (46) to one teenage boy, my partner (we werent married) left me in december, since then he hasnt helped with the mortgage payments and i havent asked him to. my problem is that i really want to keep my house, its worth £210,000 with a mortgage of £115,00, my ex partner…
-
Mortgage Advice
Hi Im new here, seeking help for me (19yo) and my girlfriend (20yo), were attempting to purchase our first house, a £125k semi in Bristol if the owner of another house we like priced at £135k turns down our offer. the problem is that we have been refused a mortgage (Yorkshire building society) and were told that our credit…
-
Boyfriend moving into my mortgaged house
Hello, I'm hoping you can help with this as I'm at a loss at what to do. I own my own house, but my boyfriend will shortly be moving in after two years together. He's currently renting. We've spoken several times about bills, and he wants to pay HALF towards everything (which is £150 less than what he's paying now) -…
-
Mortage help
Hi I am looking to move to another bigger house having paid off my existing mortgage. What I wanted to know is what is the current state of affairs regards should I become unemployed during the duration of my new mortgage. I understand I can take out mortgage protection for a period of time eg 6 months. What happens after…
-
Joint mortgage application-complicated!
Hi there, I have been a long time lurker on the boards and finally decided to register and post a question to which I cannot find an answer. My self and my fiancee are getting married in the next few months, and looking to buy a house between us. Figures as follows, My income, 20k per year, fiancee £32k per year. Deposit…
