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Buying out a joint mortgage holder
Hi there, I am looking to access a calculation in order to work out a buyout figure from a joint mortgage holder. We purchased a couple of years ago for 131k but he has now moved out. We continue to pay equal sums on the mortgage but with house prices having dropped i am trying to work out a figure. If anyone has any…
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Not regulated by Consumer credit Act
I wrote to my mortgage lender as per Martins suggested letter regarding getting info under sections 77-79 of Consumer Credit Act to see if I had been paying PPI. They have written back to say mortgage not covered by CC Act does this mean that I will not have paid PPI, as they are asking for £10 for processing a Subject…
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Which banks offer mortgages on the right to buy scheme?
Trying to help a mate sort out a mortgage for a right to buy property. I cannot see online from any of the major high street banks offering mortgages on the rtb scheme. Is this only available via brokers? Please advise.
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Mortgage from Divorce settlement query
Hi All, Just joined the site, and am wondering if someone can help/throw a bit of advice my way. My partner is currently going through a divorce and its looking possible she will receive around 160k equity of the former matrimonial home. This is nowhere near enough to be able to purchase a house for her and her daughter.…
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mortgage advice
Hi all I wonder if someone can help me. I one of the lucky few that nabbed one of those just above the base rate Woolwich/Barclays mortgages before all the fun and games in 2008. I'm now re-mortgaging, borrowing an additional £70K but as the LTV isn't favourable (existing mortgage plus equity £230K buying price £310K) I'm…
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loan on mortgage BUT have co-ownership and an IVA(which is finished soon)
Hi, I could really do with some help, i'm looking to get a loan on my mortgage to do some repairs and extension on my house (i.e desperately need a new roof and a damp course) but can't afford to do it without a loan. I was looking into getting a loan on my mortgage when my IVA ends (Jan) as i have never missed a mortgage…
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Confused re porting Nationwide Mortgage
Could someone please explain to me how porting a Nationwide mortgage works? How would it work in this example as I just can’t get my head around it!! :o Outstanding Mortgage - £100,000 Selling current property for £125,000 Buying new property for £180,000 Would we pay the outstanding mortgage off first and just port the…
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Required to get legal advice for mortgage but can't find a solicitor
Hello all, I'm buying a property with my partner. The mortgage is in his name, but the property title will be in both of our names. FirstDirect is handling the mortgage and is okay with the arrangement, but they are requiring me to seek legal advice on the potential consequences of this arrangement. I'm well aware that if…
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Mortgage Application Advise
Hi All My OH and I had an offer accepted on a 3bed terrace house yesterday so I'm looking into applying for our mortgage, and I'm just looking for advise on timing. We currently own a flat (it was rented out until recently, but is currently vacant) that is under offer. Its been under offer since May and from our end its…
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Mortgages, ex partners and bankruptcy
Hi Wonder if you could advise please. My partner and his ex have a mortgage on a property that she returned to and has been living in for the last 12 months since he moved in with me. She had walked away months before and this has resulted in an amount of arrears. She has paid no bills whatsoever (all in her name…
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Purchasing a shared family home?
Hi there, Has anybody been in situation of buying a inherited home from siblings before and has advice on practical and mortgage advice on it? We currently live and maintain the family home which is currently mortgage free, which me and 5 siblings inherited. All of us have agreed not to sell and signed declaration of trust…
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Any help and advice please!!!!!
Hello everyone! My first post so a little nervous but need to get some advice and here seems an excellent place to begin. My husband and I bought our first home in 2006 - the dreaded 'together' product offered by Northern Rock, NRAM whatever...!!! Anyway we borrowed what is an absolutely ridiculous amount of money (120%)…
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Postoffice Mortgage for newbuild
Hi guys I'm buying a semidetached new build for 276K and applied for a postoffice 5 yr fixed 3.59% on 75% LTV. I got the AiP approved immediately and will be reserving the plot this weekend based on that. Will be submitting my application next week with supporting docs so i hopefully i get the offer in 2-3 weeks. From what…
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Mortgage & PPI
We have had a mortgage with Nationwide for 13 years Naturally we have life insurance to cover in any event....... My question is would they have sold us PPI?
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Do Mortgage Providers Ever Waive a Product Fee ???
Hello everyone, a quick question....does anyone have experience of a mortgage provider waiving their product fee/booking fee/arrangement fee (call it what you will) and who are most likely to do it?? I'm about to re-mortgage and without going into loads of details don't need to borrow a lot of money (approx £30-35k) for a…
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re-house splitting in 2
Hi Guys, it,s me again, a little bit more to my daughters saga, which I would appreciate any advice at all. Long dispute between my daughter and partner, relationship, dead on her behalf, he won,t let go, lost the plot now; They live together in a 3 bed semi,which belonged to my daughter,originally, rented,(council) after…
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Mortgage confusion after change of title
Last month I applied for a transfer of deeds from a joint to a single name mortgage. The application was successful and the lender sent an offer with key facts whilst the paperwork was taking place with the solicitor. It stated the repayment will now be 500.11 which is £2 less than I was paying when it was joint. Yestreday…
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Does this sound sensible?
Hi all I'm looking to buy a house (B). I currently have a flat (A) that is mortgage free which i will keep to let out. the plan: remortgage property A on a buy to let to raise a deposit for property B. the remortgage will be interest only for 10 years. buy property B on a low LTV mortgage using the deposit raised from…
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What does "payments and interest applied" means
Got my annual mortgage statement from HSBC. Looked at the pament information The bulk of the document is made up of four columns. The first one being the date, the second one payment due, the third one payments received and the last one "payments and interest applied". I can work out what the first 3 columns mean but am at…
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CCJ & 2 Defaults - what are my options?
Hi there I currently own a property and have a mortgage with Santander. I moved almost two years ago now, and the property has been tenanted since. I am looking to purchase another property with my girlfriend closer to where I work, however we've recently been told by our mortgage advisor (London and Country), that we're…
