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Mortgages & endowments

Archives for April 2012

First time buyer starting the ball rolling
Hi guys :-) Me and DH decided at the weekend that we will be getting our first mortgage soon :j Well, my first mortgage, it will be a single application by myself. So, starting at the start, what's my first step? I'm thinking I should check my credit files first. Can someone point me in the right direction, where to…
own property outright - want to borrow against it
I own a property worth around £230K To buy it my elderly mother gave me her life savings of £30K and took a bank loan of £25K. Other than my personal debt to her (the re-payment of which is based on trust) I owe nothing on the house. I have owned and lived in the property for about 6 months now and I want to get a mortgage…
Increasing/ wanting to borrow more - mortgage options
I have a current mortgage taken out 5 years ago £100k, which I'm coming out of the fixed deal and onto the Base Rate. I've done a high level estimate and I could qualify to borrow more Say if I wanted to borrow an extra £50k, I assume I can bolt it onto the current deal, so do I get an extra mortgage at £50k or do i take…
I owe 95k but buying a new property for £83k please advise
Good evening Im currently about to sell my property, after fees and everything i make £20k. I still owe £95k and my fix rate of 5.79 runs out december 2013 The house were buying is £83k but needs around £10k of work. We are moving back with my other halfs parents What happens with my mortgage i owe 95 grand but the new…
fixed rate morgage ending
hi i bought my 1st house nearly 2 years ago and was on a fixed rate of 4.5% with ulster bank, as its now nearly up does anyone know what offers are out there now with a lower interest rate thanks
Question on CGT - I'm clueless
Hi, I was hoping someone could explain if there are any future CGT issues in the following scenario: My OH owns two properties: A house with a joint mortgage/deeds with their mum, bought a long time ago, not sure for how much but maybe £50k. Mortgage now about £8k, house worth £100k. OH's mum lives there full time. A flat…
Mortgage sold to pensioner with Alziemhers
A while back my Mum was widowed, a few months later she was diagnosed with Alziemhers. In order to care for her we sold our old house and used all the capital to buy hers. That had to be purchased in her name because she was a council tenant and it had to be in her name to qualifiy for the "right to buy" discount. The…
Mortgage Rate Increase... Can/should I do something???
Hi folks! Hunted through a few threads but couldn't see anything specifically relevant... We have a mortgage of £72k with 19 years left and a property wort about £100-£110k. Our mortgage is with MAS number 5 limited we're not on a fixed or tracker and we've just been told our rate is going up to 5.75% My question would be…
endowment please help
Hi i have recently been sorting through my partners paperwork due to him looking to claim ppi. He took out an endowment mortgage with Barclays in 1995 the mortgage was for 33,709.38 to be repayed over 25 years. On the paperwork there is a mortgage indemnity premium added to the mortgage 459.38 the mortgage rate was…
Appealing mortgage lender's decision for an existing customer - First Direct
I'm about to write a lengthy letter to First Direct, my lender of 2yrs to appeal a decision on additional mortgage lending - am I totally wasting my time?? Some additionl borrowing was agreed in principle, we have sufficient equity to stay within the loan to value limits and wanted to borrow additional money to consolidate…
First time buyer?
I have previously had a mortgage but don't have one now and do not own a property. I assumed I would still come under the 'First time buyer' category as I'm not 'moving home' but have just read that being a first time buyer is for people who have never had a mortgage. No idea what category I would come under when applying…
Best option Help!!
My dad has recently has a heart attack and suffers badly from asthma. He owns his house with no mortgage owing on it. The house is too big for him and bedrooms are upstairs he thinks it would be easier to downsize and get a house with no stairs. One is up for sale just 2 mins from his house and would be perfect. My…
Interest Rates
Hi i know no one can see into the future but what do the experts ( i am not being funny but the people who post on here seem to know what they are talking about) think will happen to interest rates in the near future, the reason i ask the question is we have just bottled out of a 5 year tracker in favour of a 5 year fixed…
agreement in principle?
hi, quick question. ive been a bit scared to get a mortgage in principle before i really need it, because i didnt want lots of credit checks to effect my credit score. But ive just had a thought, do they do a credit check for an agreement in principle? or only after that? thank you!
Are we First Time Buyers???
Sounds an odd question, but I am researching mortgage deals and am not sure which category we would be in? We have a BTL mortgage on a house which we let out as a holiday let (and we live in a rented house.) This was, originally (5 years ago) a residential mortgage but we changed it so we could let it out. It has been a…
mortgage help
Hi, new to the forum so hope someone can help. We owe £20,000 on our mortgage and our house is worth £100,000, we have 1/3 share of a house from inheritance which we will receive min £30,000, it is for sale and has been for over a year, We want to move to a nicer house after paying off the debt, but inheritance house is…
process of transfer of equity
does anyone know if you have a joint mortgage with an ex partner, never been married but she wants to make me a settlement, for her to start a transfer of equity do i have to cancel my life insurance first?
Leeds Building Society
Hi Just wondering if anyone knows if leeds do a full credit search for aip? I think they do but can't remember what advisor said. Thanks
Bad Credit Rating on late mortgage payments
Hi there, Hope someone out there can help and give me advice on best options to remove a bad credit rating? Xmas before last I had a few under payments that went through on my mortgage when I switched from direct debit to a standing order. I received a letter from Barclays Woolwich stating I owed them £800 on mortgage due…
95 0r 100% mortgages
Hi, i was wondering if anyone was aware of any companys doing 95 or 100% mortgages in Scotland? We have very little savings but have enough income to pay for a mortgage, at the moment we are renting so finding it very difficult to save anything near a 10% mortgage. Thanks

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