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Mortgages & endowments

Archives for September 2012

Gifted deposit questions
Hi all, I have £10K, my girlfriend has £10K, my girlfriend's parents have £22,500 to put towards a deposit. Are there any issues with my girlfriend and her parents gifting me the money to be a sole applicant? My girlfriend has suffered from M.E. for the past 13 years and only started working self-employed for the past year…
Joint Mortgage confusion
Hi all, I'm hoping someone can help. My partner and myself are looking to apply for a mortgage, we have had a quotation of how much we can borrow and are happy with the outcome, the mortgage lender was positive about our status. My partner would be providing a large deposit but would like me to come on board and have a…
Overpay BTL or personal mortgage
Personal mortgage 118k on 2.99% tracker for term of 14 years - property value 153k BTL mortgage 46k reverts to 3.99% in June and has 14 years left - property value 85k - 90k I know the tax implications with the BTL mortgage but I dont actually make profit on the BTL per month to have to pay tax, it basically just pays for…
Changing mortgages
Hi, Me and my gf currently have a joint mortgage on our property for £100k, we've now had the house valued at £145k and would like to release the equity to buy another property with my gf. I'd also like to keep and rent my current house, but jointly with my dad. How would i go about this? Would my gf sell here 50% directly…
Help overcrowding in mortgaged property stuck in market crash
Hello, I bought my one bedroom gFloor flat in 2007. When I was a single 19 yr old. I worked in a good job at the time and the only mortgage I could get was a 35 yr interest only mortgage with rbs. The housing market then crashed and my property is valued at £10k less than I paid for it so I can't sell and move without…
Releasing Funds?
Brief situaton; I'm considering a small BTL investment property to rent out in my local area. The problem is I don't quite have enough deposit. I was considering the possibility of; Attempting to release funds from my current property as a recent valulation suggests it has increased in value so I have approximately 55k in…
Urgent - Problem With Experian Credit Report
Hi We are looking at applying for a mortgage with Britannia building society. The problem is that the information on Experian is at least 3 years out of date, and their is a lot of information missing. According to Experian we aren't even on the electoral role! This in turn has given us a fair rating. We have tried Noddle…
What to do after i have recieved mortgage offer?
I recieved my mortgage offer yesterday, what the next stage now? Whats the 1st thing i should be doing monday morning to get this completed asap? Thanks Ollie
should I go on the base rate?
Hi ...my situation is that my 5 year fixed rate deal is coming to an end and the rbs has offered me a 2 year fixed rate at 4.39% with a £995 fee , this is the only deal they have offered and as my wife has had to give up work I don't think I would get a mortgage with another company. My question is that when the deal ends…
AVIVA ENDOWMENT - They will not pay up!
Hi I had a Norwich Union/AVIVA endowment which matured in Feb 2012 at only a fraction of its "assured" value [instead of £4000 I was awarded £1200!]. However AVIVA will not release the funds until I prove that I am the rightful person to receive such funds. FACTS: I have paid this premium for faithfully 22years. The bank…
Looking for a Broker
Hi I'm looking for a broker to help find me a remortgage deal for Jan 2013, if anyone can offer their services. I've already done some research on direct deals so really interested if there are any others that brokers have access to that could be better. I'm willing to consider either commission or fee basis depending on…
Norwich Union Orphan Assets
Does anyone know whether I have 'missed the boat' on the allocation of Norwich Union's (Aviva) Orphan Assets? I have held a policy with them for 25 years (has just matured) and don't remember them sending me any info on this.
BTL .. Is a brother in law...
A relative? When looking at BTL mortgages where they exclude relatives... Is a brother in law a relative.. As he is not a dependant?? Thanks
Mortgage and CCJ Question
Hello, I have a CCJ that will be wiped off my credit rating in Jan 2013. I would like to apply for a mortgage now as I have seen the perfect house for me and my partner. Does anyone have any experiences or ideas as to whether or not I might be successful in the application? - The house is £130,000 - I have a perfect credit…
Mortgages When On Maternity Leave - HSBC?
Hi, My wife is on maternity leave so currently on half pay plus basic statutory maternity pay. Which lenders would be safe to apply to in this position? We would be able to provide proof that a full time job is open to her on the same salary at the end of her maternity leave, e.g. letter from employer. We were thinking of…
Mortgage Offer in Place - Can I easily Switch Houses
Have a mortgage offer for a house. The offer is valid until February. The process is slowing down since the people we are buying from have pulled out of their purchase and are now viewing other houses so hopefully the sale is still 'on'. Anyway, we sometimes still look on Rightmove. Do you know if we see something we like…
Top up mortgage for BTL
Currently with Nationwide, my deal finished a while ago and am on their BMR which i am happy with as its lower than anything else, plus their is no limits to overpaying. I would like to up my mortgage to buy a cash BTL. (maybe 60-80k) As i am currently overpaying, i could cover both payments if need be. What i wanted to…
Using BTL Equity To Buy New Home To Live In
Sorry if i had a similar thread but last one got bogged with comments about living in a BTL rather than actual advice, and i now have more accurate figures to work with,,,,,, Currently living in my BTL with wife and kids. I know it's not allowed but it's short term until we get something sorted elsewhere. We want to buy a…
Endowment gross value and cash value - what's the difference?
Hello, I'm about 13 years into a 25-year endowment that I no longer need as my mortgage is now all repayment. The statement gives a cash value (about 96% of what I've paid in) and a gross value (87% of what I've paid in). What do the terms cash value and gross value mean? If I cashed in the endowment, what would I get? If…
Fixed vs Tracker - whats the current trend?
Hi all I have 3.99% fixed rate mortgage coming to an end on 28/11/2012 so I am looking to re-mortgage. I have been attempting to weigh up the benefits of Fixed Vs Tracker. I have seen a Nationwide 4 year Fixed for 3.79% 80% LTV but then I have seen a Lifetime Tracker with HSBC for 3.29% 80% LTV. Both of these seem like…

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