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Mortgage advice please HELP!
We want to purchase a £200,000 property to live in. Our current house has been valued at £130,000, we have £32,000 remaining on the mortgage at an excellent interest rate at present for the next 2 years.! We need to sell our house ASAP & i have £40,000 in savings to put towards the property.! I'm unable to take out a…
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Another mortgage retention question
Another question I'm afraid. We've just had the damp & timber report for the house we're buying and it quotes approx. £7500 for damp work and wall tie tie replacement (and yes there really is damp). Our mortgage advisor has said it is likely the mortgage company will place a retention on the offer because of the works…
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Mortgage opinion!
We bought a house on shared equity scheme but coming to end of our fixed rate with halifax and about to drop on to there very attractive 3.99% my question is to fix or not to fix my rate again :S how often do SVRs change? and how much notice do you get?
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Switch from Fixed to variable. Fee?
I fixed my mortgage for ten years in 2007 at 6.19%. Would there be a fee to just revert back to the variable rate? I see there is a fee for early re-payment. But I don't want to re-pay just opt out of my fixed rate. I'm with the Halifax.
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Name removed from Mortgage
Hi, Hope someone can give me some insight if possible. I have a joint mortgage with my ex on a flat which we purchased in the mid 90's. My name is still on the deeds but the mortgage is not showing up on any of the credit reports sites. He has told me that he asked for my name to be removed from the mortgage but I have…
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MSE News: Tesco to sell mortgages
"Tesco Bank will start to sell mortgages from Monday in the supermarket giant's latest foray into financial services ..." Read the full story: Tesco to sell mortgages
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How to improve our chances?
Hello! I’m a long-term lurker hoping to apply for a mortgage to buy a new house next year. We’re trying to get “our ducks in row” on the financial side of things to improve our chances Credit reports We requested these reports last year but got a bit lost with the fancy tables and different scores. What should we be…
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Do I need to remove my sister from my mortgage?
I had a joint mortgage with my sister, she moved in with her boyfriend 5 years ago so I took out a 5 year fixed rate mortgage on the property (leaving her name on the mortgage) to pay her off. The house was too big for me alone so 4 years ago I moved to a smaller property and transferred the mortgage over to the new…
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Mortgage with intent to rent room out
Just had half a brain wave! Is it possible to still get those mortages which factor in earnings from renting a room out? I've just found this property, and thought wow If I go halfs with someone I could afford half, then thought who do I trust enough and who has enough money. Which got me thinking about mortages with…
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Mortgage Arrears?
Do mortgage arrears show as late payments or defaults or anything on credit file? My bf is in arrears on his mortgage but pays them off bit by bit. We are going to start working on improving his credit file and will send off for the reports, but in the mean time I just wondered if anyone knows how the arrears are shown??
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Will We Get a Mortgage ?
We have been accepted for a mortgage in principle but will we get one ? we don't live together at the moment i am aged 37 and earn 29k before tax with good credit file but have only been in current job 8 weeks and previous job was only 19k pa i am also not on electoral roll due to working out on the road and have been…
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Woolwich Mortgage Supplementary Conditions
HI, I have recently received a Woolwich mortgage offer through the post and I am confused by the supplementary mortgage conditions section: “You must repay the following commitments in full within 30 days of completion of this mortgage without taking on further borrowing:” Then they mentioned my personal loan amount. No…
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Nram
I am sure this has probably been asked before, however I would be greatly obliged if anyone has any background and/or help. I and my wife had taken out a northern rock mortgage in 2007 which was part secured and part unsecured ino rder to purchase our home. After the crash when Northern Rock went down we weretransferred to…
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when is a final redemption due?
Is a final redemption payment due on the anniversary of the arrangement date, or the anniversary of the completion (drawdown) date? I have a commercial mortgage with Aviva and there is a year difference between the two dates due to complex delays.
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Pay off chunk of mortgage or not?
Hi all...an endowment of mine has matured and I am undecided whether to pay off a chunk of the interest only mortgage I have, or put the money into a savings account. Mortgage term has another eight years.
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whats better no debt or larger deposit?
We are thinking of moving in the spring next year (if we can sell our house that is!) We currently overpay our mortgage by £150pm, are saving £200pm towards moving costs and in our monthly budget has another £200pm 'spare' plus any overtime/extra money earned. We have around £4,500 on 0% credit card and this is already…
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Remortgage instructions not followed?
In phone call i told London and Country in explicit instructions that " i will proceed with the 2.59% rate offered -unless a better deal comes along" . 10 days later i recieved email from them "Unfortunately I have been unable to contact you since I sent my mortgage recommendation. If you would still like to proceed,…
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Nationwide mortgage - what's next and how long?
The full mortgage application started to be processed on 26th July and the valuation took place today. When can I expect to hear back about the valuation? And what happens next?
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Early Repayment of Mortgage
Hi all i'm new to the site, and have a question regarding my mortgage. I may be in a position to repay my mortgage in October. My wife will be made redundant so the money will go towards paying off our mortgage in full, a soon a she can get another job. I would prefer to get it paid off and got rid of, whereas my wife…
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