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Mortgage Query
Hi there With my current job I am looking at buying my first house at auction in mind to do it up and then live in it. After looking at mortgages I think I would need a 25year term but I'm not sure what this means. Do I have to own that property for 25years or be penalised? The thing is I may have the opportunity to…
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Need some advice on the new possible right to by for H.A tenants
hi everyone, bit of a long one! have just read about the proposed bill to allow housing association tenants to buy their homes once they have been a public sector tenant for five years. well i have been a tenant for ten years, have lived with my other half for all that time but have just never bothered putting his name on…
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NRAM Question
Hi, Hoping that someone may know something about NRAM? I'm assuming that as they are the asset management side of Northern Rock, that I would be unable to take a loan from the equity on my property? Does anyone know if this is the case, or if I should ask the question directly to NRAM? Many thanks
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Santander Changing Terms and Conditions
Back in 2006 I took out a mortgage with the Alliance and Leicester (now Santander). The Mortgage is a base rate tracker which initially was 1% below the base rate for 3 years and then switched to 1% above the base rate for the remainder of the loan period, so currently it’s still a pretty good deal. When I initially took…
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Can I apply for a 95% mortgage?
Can anybody help me please. I have seen contradicting reports with regards to the 95% mortgage. Would I be able to apply to say ~Nationawide or Virgin money etc for a 95% mortgage to buy a house from another person or does it only apply to new build houses in the scheme. As I said I have seen contradicting reports to do…
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Mortgage query.
I am asking on behalf of a friend so can only ask what I know. My friend is disabled and has 2 daughters. He eldest daughter lives at home and is earning good money, and paying her Mum keep, but as they live in council property and her daughter is a non dependant (I think thats what they call it) she has to pay rent on her…
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Long Distance Mortgage Porting
Hi everyone, My wife and I are intending to move house and the mortgage company have agreed that our product is portable and confirmed the processes that we need to go through (not far off a new application to be honest!). Anyway, we are intending to move from the South West of England back to the Midlands. Both of us have…
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Remortage with bad credit
Hi, i have been looking on the site and seem more confused than i was before, i have bad credit and have a mortage with arrears which i have been paying without fail, but i would now like to remortage release some cash to consoladate some debts while also saving some moeny as my 2 major bills that eat up my money is the…
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Moving without Deposit
Not really sure how this works but just want some clarification. Basically i'm considering moving to a new property circa 200k. I currently own a 150k property with 105k mortgage and approx 45k of asset. Can I simply sell up and put an offer on a 200k house without any deposit? My LTV is better than 80% even if I take out…
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Halifax mortgage app
Please help I'm completely confused! I submitted an application to Halifax on Friday, I was told I had an A pass, I've today had the call to say I've been declined when the application went to the underwriters, with the advise "check your credit record - Linked addresses". As I've said in a previous thread in September…
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Name being added to mortgage
Hi everybody, I'll try to make this as clear as possible but fee free to ask for clarification. I'm a full-time student who will finish this May and am obviously going to try and secure full-time work (not self-employment etc.) I live with my fiance who owns the house (mortgaged of about 4 1/2 years) we live in and he is…
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Buying house/flat for student daughter
We have some savings that we could use as a deposit for a student house/flat for our daughter when she goes to uni this year but would probably buy for year 2 and 3. Is this completely mad? What sort of mortgage should we get and what are the tax implications? We would probably want at least a two bedded property to let…
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Removing name from mortgage
i lost my job and my debts got out of control and i am now on a DMP with the CCCS and everything is undercontrol again, although now my credit rating is wrecked. the debts are all in my name and i have no joint accounts or loans with my husband apart from a joint mortgage on our house. My husband has just been knocked back…
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mortgage advice
My husband and i are separating and i cant afford to stay in the home myself, he is gonna keep it on while i look for alternate accomodation with kids, does anyone know if my name can be taken off the mortgage?
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Mortgages with ING Direct
Hello Everyone I am pleased to report that my house sold and the house me and my husband really wanted, we got, and for 12.5k under the asking price. :j Now for the nitty gritty, we have been accepted for a mortgage with ING Direct, we got a 2 year fixed rate at 3.89% (we put down a 22.5% deposit due to equity from our…
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Nationwide - interest only mortgages down to 50% LTV from tomorrow
Nationwide head of mortgages Martyn Dyson says: “A number of major lenders have recently restricted their criteria for interest-only mortgages and Nationwide needs to be able to manage application levels in a prudent and sustainable manner. The group is therefore amending its policy to a maximum of 50 per cent LTV.” Stupid…
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Remortgaging Halifax shared ownership (after SVR hike)
My 3 year fixed deal at 4.75% interest (or very close) is running out in May. I was happy to move onto their 3.49% SVR as obviously it's cheaper than my fixed rate. Now they've obviously bumped it up to 3.99%. I have a shared ownership mortgage with a 50/50 split. I know they're now offering a 2 year fix at 3.49% with no…
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Half the house
I wonder if anyone here has any experience with this kind of thing. My mother died recently and my son has been living in her house but now my brother wants to sell the house to realise his half of the value. I have tried to get a mortgage for half the price so that my son can buy my brother's half but with no success.…
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Mortgage aip- chances of actually getting mortgage?
I asked my mortgage advisor & he said as long as I'm telling the truth about everything I'll be fine. Im going in with 15% deposit but need reassurance... The deposit is half gifted and saved but it will probably look 100% gifted as it was saved in partners account. Does this effect my chances as they might think I wasn't…
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Proof of deposit? & another question
My parter and I live separately at the moment and have both been saving for a house which will go in my name as oh has done credit issues. Every month I take out everything from my bank except money to pay my direct debits. I then budget my cash (I work better with cash rather than card as I can see what I have exactly and…
