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NRAM/ OFT Call- Help!
We have some arrears with our NRAM mortgage but have an agreement in place to clear this. This month's payment to them was slightly late- they recently changed their s/o account details and I forgot to change it. The payment is now with them. Today got a default notice. I called them, and told them I have not been happy…
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Sell or rent current house when purchasing a new home
Hi, I'm looking to move home and debating whether to sell or rent out current home bearing in mind the current market and long term investment. My current home has 30k left to pay on it's mortgage. Do I sell this and start again with a new home or keep this house, rent it and purchase a new home? Estate agents have valued…
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Refused Morgage!
First post here, and i wasn't too sure where to put it. I went for a morgage meeting today and was turned down due to bad credit that i didn't know i had. After a credit report, i realised that in 2006 (when i was 18!) i didn't pay off my £850 overdraft with Nationwide, and they ''defaulted'' my bank account. I was…
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buying my mums house
hi there, i am at a point where a mortgage has been accepted for me to buy my house from my mother, for the market value of the property. but once i have bought the property our intentions are for her to remain living in the property with me for a year or two, until she gets on her feet and finds another place to live.…
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Mortgage Debt
I bought a house with my now ex boyfriend 6 years ago, I moved out after 4years after splitting up. To cut a long story short we are now faced with a property which is worth less than what we bought it for and it appears we are un able to sell it. After being apart for 2 years we both want to move on with our lives. We are…
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fixed-rate ending, how best to proceed?
G'day all, Your thoughts would be welcome here. 5 year fixed-rate with Yorkshire Building Society is ending in October. We're going to be selling up and moving in July, about 9 months later. Our 5 year fixed rate, already on a ludicrously high rate (7%) that as naive first time buyers we got locked into, goes up to an even…
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Telephone application to mortgage offer in less than a week !!
I'm so impressed. Applied Monday evening by phone, surveyor went on Weds and phone call today to say the offer is in the post. It's lloydstsb by the way and I have my mortgage with them already but it was still a full application.
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Mortgaging a house near a pub
We've sold our house and found ourselves a lovely little house not far from where we currently live which is a few doors away from the pub. We've weighed up the pros and cons off living near a pub and we're fine with that. The issue we're having is that the lender which we tried to get our mortgage with (The Leeds)…
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BTL remortgage - safe to use lenders solicitors?
Hi, We're buying a new house and remortgaging our existing flat as a BTL. Legal fees for the BTL are included (I know this will be reflected in the overall fees). Do I need to be cautious in using their solicitors & should I get an independent one to review the paperwork or am I just being paranoid? Thanks for taking the…
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New Build Mortgage w/ Builder Contributed Deposit
Hi all I currently have a new build property reserved, but have been refused a mortgage twice now (from Accord and Nationwide). Both have said my credit history is fine, I can easily afford the payments and have little outstanding debt (my car, pretty much). I've been refused as I have 15% deposit, where 5% is builder…
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LTV - shared equity
Hi I'm trying to work out my LTV on my property but getting a bit confused!! We brought the house in 2009 on a 70/30 basis. The house was 135,000 and we took out a mortgage for 94,500 (70%). We now have an outstanding mortgage of 89,000 and i would say the value of the house is around the same as it was when we brought it.…
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Mortgage & Divorce
I got a clean break divorce last August. I did not claim his pension or maintenance for me. I only get CSA for the children. In return I get the house. I was happy with this. However, by court order my ex agreed that he would take on 25k debt charged against the matrimonial home. He agreed to this. However, he has failed…
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Mortgage hell!! Default!
Hi there - hoping one of you can give me some advice or a nudge in the right direction. I have found the property of my dreams! It means increasing my mortgage significantly. We have had the offer accepted and had a DIP agreed with the Woolwich to confirm that they would, in principal lend us the money. Worth noting that…
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"Funding for Lending" Scheme...
My first post here but been a regular lurker for years! Hi everyone, read about this 'Funding for Lending' scheme by the Bank of England and the Treaury which is due to launch in August 2012 ... [EDIT] Not allowed to post links due to being a newcomer. Search 'BBC Funding for Lending' in Google ... thought I'd post it here…
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I have a few questions about mortgages please.
1) When you put your monthly commitments does it include car insurance and petrol (assuming I pay it monthly). I do NOT mean car finance 2) Do they ask what gas and electric is going to cost you, as this is different on season and for everyone 3) If I have an overdraft that is arranged will it affect me if I never use it…
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Joint Mortgage Application with 1 x Self Employed 1 x PAYE
Hi, i am in the process of buying a property with a friend, we both have the money for the deposit sorted and have had an offer accepted and are about to apply for a mortgage. The issue is that while i have been employed for the past 5 years earning between 35-50k, last year he went self employed. I want to make sure the…
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Hope I've made the right choice!
The choice was a fixed rate or porting my existing mortgage deal of base rate +2%. I've read lots about the forecast for base rate and made the decision to keep my currently cheap tracker. Fingers crossed!!
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mortgage
Hi, Im trying to re-mortgage but for a property in the republic of ireland. Ive tried my lender and a few others but im not making much progress. Can anyone point me in the right direction. thanks.
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Derelict house funding?
Hi all As you can see I'm new here, just looking for some info. Theres a derelict farmhouse that's coming up for sale I believe, it's owned by the council at present whom I have spoken to and they have informed me it's being prepared for sale i.e. paperwork etc not property. The home is all boarded up usual story, now…
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Has my solicitor made a mistake that could cost me my house??
I have recently put a written offer in for my first house, the offer has so far been verbally accepted.. (last week) I have had a mortgage agreed in principal.. On recently reading the copy of my solicitors 'offer letter/ contract' that was sent to the sellers solicitors it states... "This offer, is open for written…
