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Dual Income down to Single Income and Maternity Renewing Mortgage advice needed
My wife and I got our mortgage on our first house a couple of years ago. (Its a three year fixed mortgage with Nationwide) My wife is now pregnant and we are thinking of the possible options were she not to return to work. The baby is due in September 2012 and the 3yr fixed deal runs out Feb 2013 so she would be on…
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wanting a shared ownership mortgage-bad credit rating
Hi all im a wannabee first time buyer who is aiming to get a mortgage on a shared ownership sceme, most likely 25% to begin with.I saw a mortgage advisor today and she says I will most likely need a deposit of 2k plus legal fees taking it up to 4k which is not a problem. However I have today for the first time seen my…
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NRAM together Mortgage - overpayments and unsecured loan
Hello. We started making overpayments to our Northern Rock 'together' mortgage in Jan 2010. i asked at the time to apply the overpayment to just the unsecured loan part of this mortgage - they said yes, put it in writing which i did, and i still have a copy of this letter. i presumed all was well until in Jan 2012 i…
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Help1 Advice Needed
My wife and I split up in January 2011. She left the family home taking the children with her and told me via txt.. anyway I digress.. We have now sold the family home which I have soley being paying the mortgage on for the last 15 months and she wants any profit split 50/50. I don't see why she should be entitled to any…
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want to put my house in my partners name removing my name
Hi i would really appreciate some advice. I own our family home. I was made redundant last year and my partner has been paying mortgage and bills. Im now stay at home mum. We have spilt up and i cant afford to keep house. He wont leave,whilst i own the house i wont qualify for any housing benefit. I would like to trans the…
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What would you do ?
Hi im new to this site but not to money problems i hope i have posted in the right place. My husband had a small building firm which went BR in 2007 due to people not paying us. We had borrowed money on the house to finish a big job that we never got paid for. Now the mortgage has come out of the low payment period and…
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Can my mortage offer be changed in terms of money?
this is a post I've put on the house buying thread, but I thought it might get more attention here......my broker is on holiday today and as you can imagine, I'm freaking out a bit! ............................................................................ long story short. Our house for sale, 75% the way through the…
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Will I be Charged for paying 80% of my Mortgage off?
Hi I am looking to pay off 80% of my mortgage(currently 2 years into a 35 year term) but I am wandering if it will just end up paying off interest rather than the bulk of the capital. Any ideas anyone? N
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Advice on mortgage needed, please
My mother lives in Bulgaria, she owns a property in the uk, outright rough value 200k. She has people living in it. She wants to purchase a home near us to help with young family but she does not want to sell the house she owns as that is the only form of income she has. Can anyone please advise a method that will allow…
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Part Exchange - No current mortgage - advice please!
I'm looking for some advice please. We're lucky enough to have paid off the mortgage on our current home and have found a Persimmon home which we'd like to buy using part-exchange. We haven't had our current flat valued yet but I think it's worth about £75k and the house we want is listed at about £150k. I realise that we…
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Mortgage disaster
Hi all, To cut the story short we had an offer accepted on a property in early Jan, subject to completion on Friday due to ftb stamp duty deadline. The deadline was missed due to the vendors, there were many problems including some work that did not have building control approval. We pulled out on Friday due to these…
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saving in offset or overpaying?
I would appreciate some advice on what is best to do with extra money I have. I currently have a mortgage of about £83,000 on a flat worth about £119000. I am on a lifetime tracker at 1% above the baserate, with offset facility. I have been overpaying by between £100 and £200 for the last few years, and currently have 18…
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How much would my potential mortgage be worth to my bank?
This question has been bugging me today as I'm about to up sticks to another bank after 20 years and I wondered (and googled unsuccessfully); how much could they potentially lose? I don't have a mortgage yet but I'm intending to get one within the next few years. I already know how much they'll lose on interest in my…
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problem with selling jointly owned property
So here is my situation: me and my ex-partner have bought a property in june 2009, we both are owners on the paperworks. We both were working and had one budget but direct debit was set-up on her bank account (just for the reasons of convenience at that time - cause most of the bills and other living costs were paid from…
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Want to borrow £3000
Hi all, I need £3000 to put towards a car , I only have a mortgage for £50000 and pay £318 a month for it. When I took it out I remember them saying there was extra cash available if I wanted it. Whats everyone opinion on borrowing £3000 onto my mortgage and uping my monthly payments by £150 to pay this back quickly?
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joint mortgage with retired grandparents?
Hi guys, was wondering if any mortgage experts could advise on something for me. My grandparents recently sold a flat that was left to them, and are now looking to move out to essex. The problem is they are really keen to get a bungalow in Upminster, but simply dont have enough money. They sold the flat for £215k, but a…
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Advice Kindly Sought
I have a tracker mortgage which follows base rate at 0.99% so the rate I pay is 1.49% which is extremely good. I have about £65K outstanding and I pay off as much as I can. If I increase my current amount by £600 per month it will be cleared by the end of 2014. However, I am wondering whether I could make better use of…
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Options!
Advice wanted please. Endowerment is up in April, we know that it is shortfalling by approx 4,000..The question is, should we surrender it now with 28days to go,while its on the up a bit or wait full term, with a risk of optimistically getting more..also the worry is, on the phone they tell you the price and by the time it…
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consent to let + buy new home
Hi there, wonder if anyone could help me on a dilemma we are facing at the minute. I am planning on buying a new home with my girlfriend, and selling my existing home to release equity to put down a 25% deposit on the new one. I will be porting the mortgage on a low interest rate, and getting my girlfriend put on the…
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FirstBuy Scheme//First Time Buying!
Hi guys..i wanted a little advice on this topic. First ill give you some background info; Me and my partner are looking to buy our first house, we've managed to save up 15k deposit. With a combined earnings of 41k the bank will only lend us 113k, which works out to £600 amonth (Easily paid back as we can afford a £800…
