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Mortgage misery
Had remortgage in December 2005 due to OH buying small business for £60,000 (total mortgage £103,000) Now OH bankrupt and unemployed, not entitled to any benefits (I earn £17000 a year) mortgage payments £595 a month, half of this was covered by OH's business. With me being the only breadwinner at the moment these payments…
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Reposession - mortgage vs bridging loan
We had an offer accepted on a property which had been reposessed. We went to the bank offering no set up fees so that if we lost the property we would only lose money paid to our solicitor. We explained the state of the house to the bank to make sure there were no problems but the valuation came back that the house is…
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Releasing Equity for 2 mortgages possible?
Currently in a 2 year tracker deal with Santander which ends next month. Got a letter from them asking to phone about a new deal. Currently have my house on the market (1 week) but if it doesn't sell within a few months considering going down the buy to let route with this one & buying another to live in. I mentioned this…
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Applying for a 2nd Mortgage
Hi I have a mortgage with the One Account (Virgin) which i shall complete early 2014. Actually i am stoozing at the moment, so am not paying any interest and my balance is actually around zero. I have seen another house, would i be able to take another mortgage as long as i can make the payments? Or would i have to wait…
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Mortgage Provider Will Not Allow Me To Transfer Into My Sole Name!!
Hi There, First time poster. Looking for some help/advice. 7yrs ago I purchased a property with my former partner. In 2007 we split up and went our separate ways. We have a minute of agreement in place that states that I pay the mortgage (and everything that goes with it, Council Tax etc). In 2007, I attempted to have her…
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Mortgage Calculation
Hi all :) I have asked my bank for the process by which they will generate my monthly mortgage payments. They have told me that they are unable to answer. I am aware that there are mortgage calculators online and I am able to use them. I am also able to work through the mathematics on mortgagesexposed. My issue is this: If…
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Overpayment Query
Hopefully an easy question to answer..... We currently have a 30 year mortgage with £110,000 left to pay - our monthly payment is approx £575. I want to clear the mortgage before i die, so have decided to overpay £50 a month for now (what i can comfortably afford) and I have 2 choices. I either (a) just start paying the…
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Selling/trading my endowment
I,m looking to surrender my pathetic L&G with profits endowment and was wondering if anyone knew if there are any companys out there who still buy endowments? Thanks!
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declined a mortgage...again!
can anyone help me or point me in the right direction. our household income is 50k a year. we have 2 credit cards with 9k on them together but make regualr payments. however i have a arrangement to pay with a credit card company set up many years ago for 4k any pay off £80 p/m. i just got turned down at the last hurdle for…
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Can my wife buy her own property?
I am split up from my wife but not divorced. We have a house in both our names which is mortgage free. Is there any issue with my wife getting a mortgage for her own property when her name is still on the deeds of another property? Is there any tax implications here?
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NRAM help
hello - can anyone help? When we first took a mortgage 10 years ago, we took a 100% one with Northern Rock..... after a couple of years, we fixed for 7 years, just before the collapse. We've never missed an instalment (although we have in the past used the payment holidays) - We got shunted off to NRAM when it was divided…
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Separated, but she's living in my house - my rights?
I left my wife after four months of marriage and also left her and our three year old daughter living in my property - solely in my name, purchased four years prior to our marriage, however she did move in with me at this point too. I paid all mortgage payments and bills from the time of purchase with no contribution from…
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Deeds - Changing the name
I am about to re-mortgage a percentage of my house, in order to help my Son get his foot on the property ladder. The Solictitors said that I needed to get the deeds put in my name - as my Husband had died. They said they could do it for £250.00. I researched it through MSE and went on the Land Registry Office web site,…
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Shared ownership - existing mortgage issues
Hi, I am looking to buy a flat through the shared ownership scheme. This requires that I do not have an existing mortgage. I am recently seperated from my partner who is remaining in the house we bought together but I am on the mortgage. She is on a very low income. Can anyone offer any advice on how I can transfer the…
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Can we get a first buy mortgage??
Me and my partner want to buy a house for around 195k. He is on around 22k plus good commission but I'm in my final year of uni doing law. I do have around 20k of savings though. We both have a student loan to pay back. Would we be able to get the first buy scheme and therefore an 80% mortgage of around 150k? We could…
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At the end of interest only mortgage?
I have 20years left on my interest only mortgage. It is a leasehold flat and I only have about 70years left on the lease at the moment so am looking at extending this. However if i decided to not exetend this what are the implications at the end of my mortgage period - I doubt I would be able to get a mortgage without…
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Remortgaging fees
Hi, I'm in the process of remortgaging and the mortgage I've been accepted for was a mortgage advertised as 'free legal fees'. I received a provisional redemption statement from the solicitors and there is a £24 telegraphic transfer fee. Is this not regarded as a legal fee and therefore do I have to pay it?
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Not sure how mixed mortgage works..?
I have 3 years left on my £25000 mortgage. Endowment is currently valued at £12500 - target was £25,000 so there will be shortfall. I switched £5000 to repayment a while back so endowment target is now £20,000. I need to re-roof, approx £7000, and some windows replacing. I was considering a further advance over 15 years…
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BTL Further Advance to Buy Extra Property
I'm a little bit out of touch with lender requirements, so this is a (at this stage) largely hypothetical question about capital raising. Lets say property A already has a BTL mortgage and its rent would be sufficient to cover a noticeably larger mortgage. Would a lender go for capital raising on property A to buy property…
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Will I be able to get a mortgage?
Hi, I am considering buying a house and requested a copy of my credit report from Noddle yesterday to check it over, I have been given their worst score possible :( There is only one thing mentioned that it could be: In April I applied for finance on a PC and was suprised to be turned down, it was only afterwards I…
