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Morgage or Loan
We have come to the end of our 5 year fixed with our building soc. and have applied for a 5 year fied with HSBC which has been approved,we have received the documents to fill in which includes the banks soliciters questionaire however the soliciters keep calling the morgage a "Home Owner Loan". now i know that a morgage is…
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Move mortgage on another property
Hi, just a newbe so be nice :-) I've got a property bought about 1 year and half ago in central london and i my main residence. I've bought it at very competitive price (compered with other property in the same block, after checking on land regitry) plus I've completely refurbished it at quite good standards. My idea is to…
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Mortgage Shortfall
Hi, Can anyone shed any light on what we should do with a mortgage shortfall. To keep this short - my husband and i seperated in 2007 for a while, money worries etc just got too much, mortgage payments were way too much and the stress of it caused the split. He remortgaged (the deeds were only in his name) and basically…
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home reversion equals homeless??
In 1997 my father took out a home reversion scheme on the family home. He retained a 22 per cent share of the value. In 2008 he died and we relocated from abroad to care for my mum at home. A couple of years back Windsor Life (now Reassure) got cold feet at the idea of us living as carers in 'their' property and bullied us…
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Mortgage surveys
we thinking about buying a property. it has some large fur trees quite close tot he house. approx. 3M away. i will be cutting these down as soon as i move in. However will this affect getting a mortgage ? Thank you
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Can we keep our homeowners loan £24,000 without owning a property?
Hi, we have an amazing rate on a small homeowners loan, which is tied into our property. We are in the process of selling up, and wondered if we could keep the loan going, without buying a new property?
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Cancelled direct debit before completion..help!
Hi there This isn't strictly a 'money saving' question but seeing as it's a Sunday I'm hoping for some advice since I won't be able to get any from solicitors or banks today.. My fixed rate mortgage with the Halifax has just come to an end and I'm switching to a better deal with the Co-op. My completion date is the 1st May…
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Mortgage Broker gone AWOL
I'm looking for some advice as a first time buyer please. We had an offer accepted on a house nearly 3 months ago and as I know nothing about mortgages I decided to go for a broker. I ended up choosing someone who was recommended by an estate agent (we are not using that estate agent for buying) beacuse I got a good feel…
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Mortgage - Am I taking on to much...
Hi Looking for a bit of reassurance I think really. I'm 41 and have recently sold my house for 200k from this I will pay the mortgage off and will pocket 176k. I've put an offer in on a house for 365k so would need a mortgage of approx 190k - this scares the hell out of me but after talking with my parents they say its the…
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Will changing from a repayment mortgage to interest only affect credit rating?
I originally posted this in the wrong forum.... It's not actually for me (I've just about got myself sorted - see signature - yay...) Without too much detail, my boyfriend has his own business which was having financial problems. To cut a long story short he had to borrow off a credit card to pay out his business partner…
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Should I buy a second home as a pension investment
We are lucky to be in a position to be mortgage free with the family home we live in. It has been suggested to me by my brother (who is also mortgage free and is planning on doing this).... to: - release equity from our home e.g. £40k - buy a two bed flat - rent it out to cover the mortgage - 25 years later be the owner of…
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Just taken out a post office mortgage thought i would give my experience
Hi When I was doing research I couldnt find a lot on post office mortgages and peoples reviews so thought it might be helpful to share my experience. Offer accepted on a house on 20th March application submitted at 7pm that night after getting an agreement in principle from them for a 90% mortgage. The very next day had…
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What can derail this sucker?
I went to the bank last week, and spent a few hours applying for a mortgage. After that time I was left with a barrow-load of literature. On the first page it says: 'Dear Mr CBR600F, Your Mortgage reference number is: xxxxxxxx We are delighted to confirm our decision to offer a mortgage of £xx,xxx.xx subject to receipt of…
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advice plz? ftb, ING direct?
Hi everyone, Been following this forum for a while, trying to educating myself! Think I've found a place I'd like to put in offer in for.. haven't got a offer in principle yet, scared about appying too many times with no house to buy and damaging my credit score.. think im ready to apply now though.. I'm a ftb, with 20%…
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can i claim for mis sold mortgage?
when I first got married i was more or less forced into an endwnment mortgage and like a lot of other people it later turns out that the policy would have a shortfall what I done was then change to a capital and interest mortgage is there any way i could try and claim for mis selling or is this very difficult to prove?…
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Nationwide
Hello. Was just wondering if anyone else was stuck in the big backlog of nationwide mortgage apps? We were due to sign our missives next Friday currently no chance of that happening :(
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2nd home, well flat actually -advice please
Hi, we are in the position where, if I take a job that is about to be offered to me, we'd need a flat 70 miles away for mid week stays, 3-4 nights a week typically. In our main home our mortgage is at approx. 130K, valued at 250K, with 17 years to go, making 150pm overpayments regularly. To get a flat we'd need to then…
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mortgage with bad credit
hi i am not tied in to mortgage with nram but i am doubting i would never get another i have a debt management plan for about 40 grand my mortgage is about 142 grand would i get another mortgage is it worth looking or am i just waisting my time? my partner earns about 19 and half per year and mine has reduced to only 4000.…
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Mortgage Approved.
Hi there After several weeks reading threads and looking at advice, i thought i would just share my news that own mortgage was approved yesterday by Natwest. Its been stressful but it has been worth it i think so all those out there waiting it will come so good luck.
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Interest only ending with shortfall. Advice please??
Hi everyone. My interest only mortgage is coming to an end next month. I will have a capitol shortfall of £24,500 resulting from the demise of the endowment from the original mortgage. I have had 2 further advances over the years, both on a repayment basis. One will be paid off in a further 12 months and has an outstanding…
