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130k mortgage
Hi, Just looking for some opinions. Is it likely to be possible for me and my partner to be able to get a mortgage of that value? We have up to 20k to put down for a deposit. We are mainly looking at houses of around the 145k point. I earn 19k and she is on 16k. Both have clean credit, probably 2k on credit cards between…
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Buy, Rent - What do you think
I just wondered whether anyone had any advice on this. I have 70,000 deposit and am looking at a 247000 house. Earnings are 35000 and 19000. However, we also have an existing mortgage which is an endowment and due to finish in 7 yrs. This is for 51,000 and value now is probably 150,000. It seems to be difficult to get the…
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First time buyer: registration of Inhibition in Land Registry (NI)
Afternoon all, I'm currently going through my First House Purchase and even though I thought i'd agreed most anything I've now got a letter from the solicitor saying the lender requires that upon registration of the new mortgage an Inibition has to be registered at the Land Registry. They state the Land Registry fees are…
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Santander advise contradiction
Hi again to all, I am 67 years old & have a 25 year endowment mortgage with Santander@ £250.00 p month. My basic problem is around 18years ago I had to cash in the policy which was approx £3g. Since then I`ve been unemployed & now on pension credit. I recently wrote to the mortgage center to suggest they extend the end…
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Nationwide Flexible mortgage - any experience?
This looks like the best deal I can find for my situation, but being a first time buyer, I have no experience to draw on. http://www.moneysupermarket.com/mortgages/details.aspx?productId=1217&selectedProductGroupType=3&enquiryid=6070114&passcode=b7991c72-2385-434b-84e2-76dc8a0a6e4e…
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Received copy of title deeds, ex still on mortgage
So, going to try to keep this short and sweet. I got divorced 2 years ago and a condition of consent order it that house gets transferred into my name however mortgage stays in joint name. (well not worded exactly on legal documents as they are always confusing) It has taken the almost 2 years to get this process to be…
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Santandar ...not a clue
I phoned them two weeks ago to secure a new deal as my fixed was ending basically they sad if i paid the new payment from a santandar bank acct they could offer me 3.79 with no fees, i applied and opened up a santandar acct to pay from, they were due to phone me yesterday and didnt for me to tell them the new acct number…
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2 yr fixed has finished
My 2 yr fixed has finished and am now on nationwides svr i think it is 3.99%. My circumstances have changed since my original application big pay reduction but i have never missed any repayments.. am i right in thinking to re-mortgage with another provider, there maybe fees to pay and i will have to provide proof of…
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Variable rate
Does anyone know if you are able to overpay unlimited amounts on the standard halifax variable rate mortgage? Our current deal is coming to an end and at the moment can only pay 10% over. I know there will be no early repayment charge but cant find anything about the unlimited overpayments? Haven't started yet but hope to…
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Mortgages on ex-local authority flats
[Hello MSE-ers - my first post!] I'm a potential first-time buyer in London and seriously considering ex-local authority properties for (a) cost-location ratio and (b) larger room sizes. I understand these can be difficult to get a mortgage on, however, so I have two questions: 1. How do I identify which ex-LA properties…
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5yr fixed rate ends in October, what next?
Hi:o My 5 yr fixed rate with nationwide ends in October. I've never had a mortgage before so what happens next? I have googled and *think* i revert to a svr or bvr tracker and as my arrangement was made before apr 2009 looks as if it will revert to a lower rate (at the mo i'm at 6.5% fixed and looking at 3%) Does this also…
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Saving for my first morgage
Ive just turned 24 and sold my car for a better savings. I've saved £20,000. I don't want to be too far considering I don't have a car anymore, so I've been looking at area around where my parents are. A few yeas ago the flats were going for £110,000-£120,000. Most are under offer £90,000-£100,000 right now. I did however…
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Another income, but they'll lend less!
Hi, could all the regular experts please offer me an explanation. I earn the most between my husband and I. I am employed, Hubby self employed. Was considering moving so casting an eye around, thinking about budget etc. The house we live in, I am the only one on the mortgage and deeds (I bought house with an ex, he cleared…
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Abbey / Santander Deedsafe
As Santander woes have reared their ugly head. It has reminded me that I have not had a letter / end of year account from Santander to confirm that they are holding my deeds in the deedsafe scheme. Since 1994 - when I paid up my mortgage - I have received annually a confirmation letter. It appears that since 2008, I have…
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Interest Only Mortgages
Trying to get an interest only mortgage but most lenders now say they want 50% deposit. Does anyone know of any lenders that require a lower amount of deposit than 50%? Thanks!
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Joint mortage with mother & CGT etc
Hi Just wondering if anyone can offer any advice. I bought a house 8 years ago with my mother as a joint mortgagee. (She was supposed to be just a guarantor but it seems she's been added as as joint mortgagee) but that's another issue. The house was originally purchased for 108k and is now worth approx £140k, with a 90k…
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Endowment maturing is it at risk
Hi we have an endowment maturing dec 1 2012 with scottish amicable. Will the stock market falling effect the terminal bonus and therefore the final ammount.It was taken out to cover 11,500 pounds its surrender value on monday 14/05/2012 was 9,527 pounds we are tempted to surrender it so as not to risk it losing more…
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Is a mortgage likely to be possible?
Hi All, I'm hoping someone can be brutally honest with me and let me know if a mortgage is likely to be possible. I don't want to waste my time sorting out all the documents and approach a broker and waste their time if there is no hope. Some background. I am 26, single and looking at first time mortgage (please forgive if…
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Can anyone see something I am missing.
Hi All. I have an endowment that has been running for 16 years - it is just now looking like making the same amount I have paid into it (about £20,000). The best predictions at 6% say that in 9 years time there will be a £20,000 shortfall on my mortgage. I have worked out that if I cash it in and pay the £20,000 off my…
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Should I use a Mortgage Broker?
Hello All, I have been looking at buying my first property and one of the estate agents I have viewed with arranged for me to talk with their Broker/advisor. I've been looking into mortgages on my own and I have been thinking is there any really need to go through a broker and will it really save me any money I cant save…
