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Ex partner not paying his bills
Hi I hope I have posted this in the correct forum, but I'm not 100% sure it is. Basically my ex partner and I split up last September. He ended the relationship (turns out it was because he was having an affair and wanted to be with the other woman) and we both walked out of our house. There was quite a lot of work that…
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first time buyer who is lost!!
I have the option to buy a property which needs a lot of word but there seems to be a good potential profit in. I a first time buyer and im not sure of the ins and outs of mortgages, and my question is..... If I plan to purchase the property with a 70 percent morgage, but will be reselling in around 12 months time, which…
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Question about an Endowment Policy
A family member has an endowment policy with Aegon (previous Scottish Equitable) and it is due to mature next year. However they are looking to sell their house in the next few months. Is the endowment policy linked to that house and the mortgage on it? So can they still cash it in as planned towards the end of the year or…
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Santander Redemption Statement - want me money twice!
Dunno if anyone has had this happen before (I haven't), but getting a new mortgage at A.N.Other bank to replace the existing one we have with Santander. Borrowed the necessary amount with A.N.Other ok, but Santander have sent a redemption statement that doesn't count our last mortgage payment yet. Broker says Santander are…
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What chance do we have of getting a mortgage for this amount?!
Hi All I've been lurking for a while and find the advice on here really helpful. We are hoping to move soon. Once we sell, we should have around £63k as a deposit. There is a house we like and its for sale at £220k. So we would be looking for a mortgage around £155-160k give or take. Now my question is would we be able to…
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Should I cash in my Mortgage Endowment
Hi Guys, I purchased my house in 1991 with the dreaded endowment mortgage. Obviously the endowment(no profit) has a massive shortfall so instead of increasing the payments I have been gradually chopping away at the mortgage capital. Basically I have 4 years to run with the following figures : Mortgage remaining £23700…
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Do you note your lender to any building/landlord insurance?
In the process of searching for a building insurance, most insurance co. ask if you would like to note your mortgage lender to the policy. I know when i purchase the property my solicitor said it wouldn’t make any difference so I didn’t bother. But I wanted to find out what everyone here does?
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fixed mortgage exit fee?
Myself & wife are moving and looking to buy a new build...just found that a majority of lenders are looking for at least 85 deposit! We don't have this. So we went into our current mortgage provider, RBS, and had a chat with them, turns out if we leave them they will charge us over £4000 to leave!! Is this correct? We have…
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1st time buyers, BTL, any suggestions?
Good afternoon all, I have a rather niche question and thought I'd try it out on you lot, having completely stumpted my bank's mortgage adviser. We are a couple in our 30s with a joint annual income of around £55k p.a. We currently live on a boat that we own, and have reasonably small outgoings. We have some debt, but…
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£120,000 mortgage with 1 year's self employed accounts with a net income of £30,000?
i've started a new thread after receiving enough advice not to go down my original plan or trying to have 3 wage slips i was wondering if i can get a £120,000 mortgage with 1 year's self employed accounts with a net income of £30,000? i currently have 6 months waiting to be submitted and signed off by my accountant for the…
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FTBer - Lifetime tracker?
So... I'm in the final stages of getting an offer accepted on a flat and hope to be organising a mortgage shortly. Unfortunately, as it's been a bit drawn out since I put in the first offer, the 3.69% 5 year fixed from Yorkshire as gone up to 3.89%, so I'm having a look at what else is out there. First Direct do a lifetime…
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Seller in Neg Equity
Hello, After putting an offer in for a house, applying for a mortgage, doing a valuation and electrical survey and a roofing survey, spending money on completing the searches done by the solicitor I have now just found out that the seller is in negative equity, ie, my accepted offer is below the redemption figure..Are…
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Stamp Duty Paid?
Hi all I live in Scotland and I'm looking into purchasing a property (new build) from the seller. I have negotiated a contract price of £208,250 which included incestives in the form of an £8000 discount and 1% Stamp Duty Paid. I was recently given costings on my legal fees by my solicitor, who incuded the Stamp duty…
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Can I use a credit card to pay this month's mortgage?
Hi there, Can anyone advise me on this? I know in theory it's a terrible idea, but if I can just explain the specifics of the situation... Money's tight this month and having recently completed a 20 month 0% balance transfer I now have a few grand in credit on a card. With cashflow being an issue, and of course not wanting…
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a couple of mortgage questions
stuck in rental accomodation and would dearly love to be able to at last put roots down. Trouble is with the cost of the rent we cant save as many families out there know the cost of everyday living means we literally cant save.... although a reasonably priced house would be approx 200 pcm less on a fixed rate deal just…
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24 yr old and mortgage
hi all, I'm currently renting a flat in London and am looking at buying a flat in outer london. I am 24 years old and earn £36,000 a year before tax etc. I doubt I'll get a pay rise for another 4-5 years. I have £50,000 available as a deposit on a flat, so take away legal fees etc say 45k, and have been looking at places…
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Declaring future job change in mortgage app
Hey all, after a little advice. I have just applied to port my mortgage with Natwest and applied for additional borrowing on top to make up the total cost of the house. Current situation with a bit of rounding is as follows: Have 169k left on current mortgage. Buying for 270,000, have 54,000 deposit and applying for…
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Looking for good Mortgage Deal
My wife, little girl and I are in the process of negaotation with Bellway on 4 bedroom Belsay 2 property. We know the property is £180k and we want to try and keep the payments on mortgage as low as possibly. We can get a 10% deposit with ease and possibly a 15% deposit. Ideally we want to fix rate the mortgage and…
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Have a buyer but shortfall on secured loan
Hi all Any advice appreciated! Have a buyer for our property (in NIreland)- first mortgage covered but not secured loan. Have offered to continue paying 2nd loan but to no avail...... Really don't want to lose our buyer (don't come along very often). Planned to rent and 'start over again' but frustrated that it may fall…
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Mortage Payments
This might be a Daft post but, Mr Thrifty wants a small Mortage £30,000. I have asked for a Mortage and have been given the okay, my age 50s, but what would the Monthly repayments be on a £30k, I know there are different types, So if I have the £30k in the Bank would I be better off spending my savings or taking the…
