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Endowment ended NO lump sum can we extend?
Hi Can anyone help me. My parents mortgage finished in Jan 2012, the originally took out an endowment mortgage and subsequent loans. they believed they had changed it to a repayment mortgage in the 90's. This seems it is not the case and have been paying interest only and the policy for the lump sun lapsed but not the…
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Help with mortgage interest
How rubbish is this (will get to that in a minute) OH going bankrupt. Began a job in January and was finished in May (they could'nt afford to keep him on) as he was self employed he cannot claim JSA, I cannot get WTC as i earn around £17000 (we have no little kids) we have no savings and are struggling. The rubbish thing…
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FTB mortgage query
Hi, apologies if this is covered elsewhere, I have had a look but haven't been able to find similar. Basically my partner and I are looking to buy a house. The valuation is for £130K, but we have reason to believe we could get it for £90K. It needs a lot of work doing to it, some structural, some cosmetic and we estimate…
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Shared Ownership - Possible buy more/staircase up?
Hi, I am wondering if someone maybe able to shed some light on my current situation. I bought into a shared ownership house in April 2007, 2 Bed Semi: House price - £116,850 50% share - £58425 Mortgage is with Nationwide, was 2 year fixed, but now on their SVR 2.5% and mortgage down to £47000. I pay rent of ~ £175 on the…
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Should I remortgage?
Hello all Just wanted a bit of advice about whether it's worth me switching mortgage provider, or if I have other options. I must admit, I am a bit naive with regards to mortgages, so I may be missing something very obvious. I bought a house in 2008 for £110k. Got a 90%, 25 year, 2 year fixed-rate mortgage through Chelsea…
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Passed to Mandate?
5 weeks after putting in a full application, I got an email from the Nationwide mortgage advisor saying: "can now confirm your case has been passed to mandate, so basically the offer should be done now". Does this just mean the case is being rubber stamped, and should have the full mortgage offer really soon? We were…
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Help with understanding mortgage and arrears balances
In August last year, I had an outstanding balance on my mortgage of £130814.66 with arrears of £7015.23 An arrangement was put in place with the mortgage company for me to pay 'interest only' payments plus £60 per month off the arrears. The interest only concession has come to an end and I am hoping to get them to extend…
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FTB Acceptance
Hi All, Me and my partner are saving to get a deposit together for our first house. Looking at my credit report I have a few Defaults :-( I know that these will fall off my credit file 6 years from the default date, but how will this show when it comes to applying for a mortgage. Eg, the last one will drop off in Feb 2014.…
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Re-mortgaging with problems from partners debt
My colleague is moving house and was going to transfer the mortgage which was held jointly with their spouse. The mortgage was transferred to their name only about two-three years ago. The spouse who left then ran up £2-3000 worth of debts. These debts have now been linked to my colleague who had no knowledge of them, but…
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Re-mortgaging & letting after 6 months
I'm nearing the end of the fixed term of my mortgage with First Direct and planning on renting the flat out 6 months after my existing mortgage reaches the end of the fixed term. Should I switch immediately to a buy-to-let mortgage or can I switch to a normal mortgage and then switch again when I actually rent the flat…
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NRAM - remortgage
Hello I have a together mortgage with NRAM and am currently overpaying to try and reduce secured loan with a view to moving in approximately 18 months - 2 years. My question is has anybody managed to mortgage away from NR or NRAM with a together mortgage and leave the unsecured loan with them? Or to ask another way will a…
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Mortgage For New House Before Selling Current House
We're almost mortgage-free on our current home and would like to move next year. Nothing seems to be selling very quickly around here. We're also in the fortunate position of having enough saved up to cover a 15-20% deposit on the type of house we've been looking at. If we paid off the existing mortgage and had a 15-20%…
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Negative equity, repossession, quick sale and divorce
Hi, I am in the family home with my 2 children and have been paying both the mortgages secured on the property for the past 2.5 years since my stbeh left. This has become increasingly difficult and I have now lost my job so is therefore currently impossible for me to do. Both of the mortgages have some arrears and court…
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Can credit cards with no balance affect mortgage application?
Good Evening, We are currently looking at houses, getting the deposit in place and will hopefully be going for a mortgage soon. I have two credit cards, with no amount to pay off on either (thank you MSE!), the credit limit of the two combined is around £10000. When they look at my application is this likely to go against…
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Mortgage Advisor - help with fee's
Hi All, We are in the process of getting a mortgage and went with the mortgage advisor recommended by the builder (probably a big mistake) We went ahead with the mortgage on friday to get confirmed with Nationwide. Our advisor put through the application to nationwide on Friday mid day. In the information they sent us…
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Transferring/Porting a Mortgage
I am somewhat confused over the term 'porting', the wife and I placed our house on the market and received an offer within 6 days, consequently we made an offer on a property we wished to purchase, this was valued more than our current property. No problem, house sale + mortgage transfer + savings was easily doable. I…
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About to get a mortgage - pay off debt
Hi. Situation is that I have sold my house and will in the next few weeks apply for a mortgage (most likely with HSBC). Will get around 10%+ value from my house with the sale for the new purchase. I have the following debt on cards: £1200 £3400 £2100 These are all 0% interest cards. I have approx £3400 left on a credit…
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mortgage ins and offsetting
Does anyone know please My dh has Halifax total mortgage protection, if he claimed on this could the halifax off set the money that should be paid to the mortgage and pay off a loan he has defalted on instead please? He is not well at the moment but wont claim as he thinks they may pay off his overdraft and defaulted loan…
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Buy to Let LTV
Evening all, Quick qestion, what is the highest LTV available on a buy-to-let mortgage? Thanks Phil
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Guarantor Mortgages???
Hi, Me and my girlfriend are currently on the lookout for a new property, we have a apartment currently and it will be financially better for us to rent this rather than sell. We are looking at buying another property and i have around 16k deposit so far. We've seen a property at 180k, so at the mo im slightly under in…
