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First time buyer, mortgage question
I'm a first time buyer, and am looking at a new build house in a nearby development. (We can only look at new build houses in order to qualify for the new 5% deposit scheme). We have to do that because we don't have a large deposit (only 9-10k which also needs to cover all of those extra admin fees). We've talked to the…
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Interest Only Mortgage - Help..
Hi I'm hoping someone can help me, please! Dad passed away last year, so expected mums mortage to be paid off. (Seems that due to his ill health over the years, they weren't able to get that kind of insurance) Anyhoo, I subsequently found out that their mortage was interest only, and is due to end in about 6 years (mum is…
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Conflict of Interests?
Hi we have had an offer accepted on a property, after a little bartering, at 3k under the asking price, so not a massive amount less in the current climate! We instructed an independant mortgage advisor to help us find a mortgage, which he has and we have been happy with work completed to date. Our survey came back to our…
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how much will i get offered for a mortgage
Does anyone know if it will effect my credit history if i go to a bank to find out how much i would get offered for a mortgage?
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Change to morthgage without both parties permission
Hi there I will explain the background to my situation so please excuse me if its a bit long winded but hopefully if you can stay awake to read it all you may be able to give me some advice! I seperated from my wife 5 years ago (now divorced ) I went bankrupt a few months after seperation due to the financial mess I had…
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First time buyers and not so picky lenders lol :)
I am getting very excited as I am in the home stretch of my mortgage future. I am also doubley excited as I went for an interview yesterday for a job which would give me an 11k payrise. As well as being something I would love to do; the pennies will help me! :T I have been reading up on - sub prime - or companies that may…
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re/mortgage - title deeds
Hello, I have a £25k professional development loan that I will start paying off later his year. My mother has kindly offered to allow me to use the family home to borrow against/mortgage to pay off the loan and have a longer payment holiday in order to travel, or get on the property market study further etc. The home is…
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4 year old CCJ!
My partner and I have just applied for a re-mortgage. It has been denied because he has a CCJ on his file that he had no idea about. He discovered that it was from a water company who issued it back in 2008. He phoned the water company and the operator (young kid) said 'oh, someone has not updated the system - this bill…
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Mortgage contract paid up
Just a quick question...my mortgage will be finished in june, not one penny will I owe Santandar from then on. Now then, they've sent me a letter telling me my contract end date (june 2012)..and are demanding (asking) for a further £99 to ''discharge our legal charge'' - eh...99 pounds for nothing is how I see this..? A…
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is this allowed?
I have a mortgage at the moment of approx 110k against 195k value. Possibly looking to release 10k of the equity, the mortgage is just in my name . Since buying the property I am not on as high a salary as I was 8 years ago (and even then the multiples were stretched!) and I was wondering if it is possible to apply for a…
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quick question
hi my husband and i want to purchase a house. my credit is extremely poor, and so my husband is going to put the mortgage in his own name. we have no linked accounts etc. just wondering- we get joint working tax credit and child tax credit, the working tax paid to him, the child tax paid to me. can he use the working tax…
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finding a Independent Mortgage Advisor
HI, Looking for advice on where to find whole of market independent mortgage advisors, i a going to be looking at remortgaging fairly soon. I live in Tyne & wear if anyone has any recomendations Cheers
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Pay off credit card before apply mortgage
Hi I'd appreciate some advice please , we have about 20,000 credit card debt mainly built up refurbing a home which has now been valued at 30,000 more than we paid for it in two years. We have the opportunity next week to clear this with a company bonus and will do it as soon as its in the bank. We now want to move and…
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Moved to UK: Building a credit history and Getting a mortgage
Hi, I'm currently living in the Republic of Ireland and working in a steady (6 years) job in Northern Ireland. I have had a UK bank account for the past 10 years but it's registered to my Irish address and I'm not on any electoral registrar. For this reason, I doubt I have any chance of getting the 'good' mortgages in the…
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Equity Release. How is it completed?
My mother in law is just coming to the point where she needs to move out of her house which has a 50.50 reversion plan on equity release . My question is has anyone experienced what happens at the end of one of these reversion plans? who is repsonsible for selling the house? how is it valued? who covers the sales costs?…
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Fixed rate ending, what now?
Hi, My five year fixed rate mortgage (5.9%) is ending in June. Does anyone know, will my rate automatically drop to the variable rate or will I need to contact the bank to get this done. And also can anyone give an estimate of how much the rate should go down? I bank with Barclay's (mortgage through them with Woolich I…
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ex has gone bankrupt im still on mortgage what are my rites
My ex went bankrupt a year back i moved out of the property with our 2 children he wouldnt let me stay there i am on the mortgage he has now moved his new girlfriend in i want to move in to the house he wont let me near the property where do i stand and would i be able to sell the house as he has told me i cant do anything…
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Rent to buy scheme?
A property has come up in the area to me being sold by Ainsworth Lord Estates. It is advertised as follows... "No Mortgage needed. £5,000 deposit, then £184 p.w buys this property. Full Price £125,000" Is their a catch somewhere in there? Is selling like this above board?
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Endowment bonus payments not in line with market growth
Dear all, I was wondering if you would possibly answer a query for me regarding my endowment? It was taken out pre-regulation in April 1987 with, initially Royal Life, now Phoenix to cover a sum of £32.5k, basic sum assured of £9945.00. It is due to mature in a week's time and I am expected to return the policy document…
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Second Home
My family and I live in accommodation provided by our work during school term time. We would like to buy a house to get us on the ladder that we could use in the school holidays. Is it possible to buy this on a residential mortgage? We spoke to an unhelpful mortgage advisor yesterday who told us it was not possible on a…
