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Advice please!!
My current 2yr fixed rate mortgage with natwest switches at the end of the month. I wanted to remortgage to release some equity. Property has been valued (135000) to allow this. Current mortgage is for 93000 and I'm looking to release 7000. Everything was going along fine and then the underwriter has said because I had a…
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My offset mortgage and my mother's savings
Hi My mother has £150k to save and wants easy access to the cash. I have a £200k offset mortgage and pay 2.97%. She is a tax payer and it would seem the best savings rate she could achieve is around 3% (2.4% net). If however she was to put the cash in a savings account linked to my mortgage, there would be a benefit of…
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Getting permission to sublet from mortgage company - possible?
Hi there, I have a shared ownership property. It's in negative equity to the tune of 20K. I had to move away at short notice, so I've had permission from the Housing Association to let it out as I can't sell it, even at a significant loss. They agreed straight away and were really quite nice about it. I now have a tenant…
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Bad credit mortgage info
My partner and I have a horrendous credit record due to gamblingetc and various other exploits.we entered into a dmp to repay debts and will be free in 10 weeks time. If we wanted to obtain a mortgage of approx 115000 in the new year would banks etc consider this (I have to be honest and admit that during this time we…
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Mortgage Broker
Can anyone recommend a decent mortgage broker, preferably one with an eye for working with BTL investors. They don't necessarily need to be fee free, I'm just after someone with a few years experience behind them who offers a professional service who can save me time :)
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NatWest Mortgage Confusion
Hi All, I dont come here often but tody we've really been let down by NatWest and I was wondering if anybody else had experianced this or can offer any helpful advice. About a year ago we went into natwest and asked for a remortgage to move our exisiting HSBC mortgage to them, get a better rate and consolidate our credit…
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Mortgage gifted property
Myself and my brothers were gifted a property from our mum. We want to mortgage it to raise some capital, but one broker told us we need to wait 6 months, whereas another has told us we can mortgage it before 6 months. Anyone know which way it is or what lenders will lend before 6 months have expired?
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Santander won't offer me a Fixed Rate (got letter today increasing SVR)
I got a letter today saying my SVR was increasing to 4.74%. I called them just now and they won't offer me any fixed rate deals at all. When I asked why, they just said that it could be any number of reasons. Anybody else got this problem or know why? I've not had a problem in the past. Many thanks in advance. (I have an…
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FTB Mortgage Decline due to default
Hi All, I am 22 and trying to buy my own place. I have had an offer accepted on a flat for 129k and had a mortgage in principle. I have a salary of £30,100 and 15% deposit Once I paid the survey fees the mortgage company Halifax then declined me as I have a settled default on my account for £400 back in March 2010, I know…
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MSE News: Santander to raise mortgage SVR in blow to borrowers
"Santander will become the latest lender to raise its standard variable mortgage rate (SVR), in a massive blow to hundreds of thousands of homeowners...." Read the full story: Santander to raise mortgage SVR in blow to borrowers
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Santander SVR Increase
Just had a letter through from Santander advising their intention to increase their SVR by 0.5% on October 3rd, to 4.74%...
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Some mortgage advice
Hi My husband has decided to end our marriage and I need some help on how best to sort out the mortgage. We currently have a First Direct offset mortgage and owe around 90k on a very good interest rate. We can borrow up to 160k with our current arrangement. My husband wants me to give him 50k which I could do within the…
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Name on mortgage advice
Hi all, just after some advice really!! My ex and I divorced in April this year. We still have a joint mortgage on our house which he is now living in. I am hoping that he will agree to sell soon!! My question is this as I am currently paying half the mortgage plus the rent on my house!! My question is this...I am in the…
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saying good bye to redstone
Hi All my libor + 5 Deal with redstone is at its 3 complete years on Nov 1st 2012 my LTV is 77 % and my credit files are crystal clear no overdrafts no credit cards , paid everthing up greens all the way on both my mine and wifes files on all 3 CRA I am after advice on 2 areas if any MA have done this i have read my offer…
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Self Employed and Seeking a Decent Mortgage
I've just started researching into mortgages for a significant house/business move in 2013/2014. I've been self employed for just over 10 years but the last time I applied for a mortgage was almost 7 years ago and before criteria became so strict. The last three years of my books show substantial growth with the present…
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Halifax changing ALL mortgage account numbers?
Hi, Got a letter the other day from halifax saying that later this year we are changing your account/roll number for my mortgage, we thought it best to inform you of this happening later this year and you don't need to do anything. If I overpay my mortgage which I do I will have to ring them and re-setup this. Anybody else…
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Obtaining a mortgage as company Director - Argh!
Hi All, I am hoping someone can help me. I am currently trying to obtain a mortgage however with extreme difficulty. Let me first give you some background. My father has owned a Ltd company and it has successfully been running for the past 17 years. He has now reached retirement age and in October last year myself and my…
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Overpayment limits
Hi Folks, Wanted to know if there are any mortgages, which do not impose limits on the amount (not frequency) of overpayment. For eg. Lets say the mortgage amount is 350k with a monthly installment of 1650GBP. Along with this amount I want to overpay 5k. Is it possible? I am being informed that most lenders impose 10-20%…
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What is Brother's Ex Entitled To?
Hi My very first post so please be gentle with me but just don't know where to turn for help. My brother still lived at home when my mum died in 1991. Mum left half of the house to each of us so later that year, my brother and his partner took an endowment mortgage of 25k to pay me half of the value of the house. She left…
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Mortgage with satisfied CCJ
Hi, Back in 2009 my partner's ex girlfriend overspent on the joint account they had and this resulted in my partner getting a CCJ. It was for just under £1,000 and was satisfied in May 2010. The reason that the this debt was left unpaid was mainly due to my partner being too stubborn and not wanting to bail out his ex…
