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Virgin Money Mortgage repayment increase?
Hi, I had a letter today informing me, my mortgage repayments had increased "as they have reviewed my account", this was a Northern Rock mortgage, none of the reasons they give in the letter, all very vague, would appear to apply, waited on the phone 20 mins, only to be told they were so busy they would phone me back…
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Reducing Payments for 5 Year Fix?
Hello, I am currently in year 3 of a 5 year fix. paying just over 700 pounds a month. I want to reduce this to 200 a month and remain on the same rate of 3.95%. I know this will result in a longer term. How easy is this to do? What reasons would be valid for a bank such as HSBC for me to do this? I need to reduce payments…
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Kensington Mortgage
Hello, Not sure if this is the right forum but here goes. We have arrears with Kensington on our mortgage for £5200. My parents who have just realised a insurance policy for me and my siblings offered to pay off our arrears. Great I thought, well no so apparently. Kensington firstly wanted to know where it come from so we…
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Ex wants me to pay him for mortgage in negative equity
Hi all, Hope someone can tell me how to go about this one lol I split with my ex 4mths ago he moved out and rented a new place, i now stay in the property on my own and pay the mortgage with no contribution from him. Originally the plan was for me to take over the mortgage alone ( i am in a position to do this) the…
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Max LTV% on new build not covered by newbuy
Hi everyone, long time reader, first time writer here :) Hope I'm in the right place! I'm a first time buyer interested in purchasing a new build apartment which unfortunately does not fall into the newbuy scheme criteria (I'm going to guess a lot of people who live in London in my situation will also come across this…
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Tesco Mortgages consent to let
Hi there, Am considering re-mortgaging to the cheap Tesco 2 yr fixed at 1.99%. However my circumstances (possibility of work in oz) might change over the next year and i might need to seek consent to let. As a new player to the market i'm finding it hard to find any examples of customers who've asked for consent to let…
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Applying for a BTL mortgage after debt
Hi I currently got into £8k credit card & payday loan debt, this all happened in the space of 5 months. Luckily once I sold my home I was able to pay off the debts on my credit card and payday loans. Now that I've got some free cash I'd like to enter to the buy to let business. Will my short stint of debt go against my…
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Porting a mortgage / 2 mortgages
Hi, Hope someone can help me. I have had a mortgage on 50% of a property (my half is worth 125,000). Ive had the mortgage for 7 years, 10 left to go.Its with A&L. So i guess ive paid off around 40,000 of the mortgage. This is on a great 0.5% above base tracker. Anyway, i want to sell, and get a 2 bed flat. Probably cost…
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New buy??
Hi, I have a house worth around 130k with a mortgage of 90k (18 years at 670pm ish) left. I want to buy a newbuy house for 259k. Im not sure how this works with the 5% deposit. I have enough to match 5% deposit so would need a 90%LTV mortgage of 233k To make things even more impossible Im just about to finish my job 35k pa…
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Mortgane declined - not sure what to do
Hi, I'm a fist time buyer and have had my mortgage application declined. I've checked my experian credit report and it all looks fine to me. I have a credit score of 961 and a rating of 'excellent' All the lender would tell me was I failed the application due to a low credit scoring. I can;t understand this. Can anyone…
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Help/Advice needed about an old endowment
Hi, this relates to a mortgage I had dating back to 1990 to about 2001. I recently contacted my mortgage company at the time just to see if I had some form of PPI on the repayments, but they told me about a policy number linked to the mortgage which was originally for Scottish Provident, now Phoenix Life, I had complelety…
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Overpaying. Advantage of bank fixing monthly payment?
Hi all... I have just switched my mortgage from Halifax to HSBC. Previously I was paying Halifax by standing order as everytime I made an overpayment they sent me a letter saying that my monthly payment had gone down as a result (which changed the direct debit amount every month) as their system couldnt 'cope' with the…
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New build property mortgage/brokers
Hello everyone, I hope someone can help with this little issue. I had an offer accepted on a new build property with Bellway and they agreed to the 5% deposit gift on top of my 20% deposit. At the time of the offer they said would i use their mortgage brokers to which I agreed (they didnt mention any fees) So anyway I…
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Contact after an endowment is surrendered?
Hi - I don't know if anyone can help, but my husband took out an endowment policy when he was 18, the endowment was for 25 years, he had the endowment for 13 years and 2 years ago we decided to look into it and see what kind of return it was due to have, we found out that the return on what he had been told when he was 18…
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First time buyer mortgage help.
Hi there, i was yesterday accepted for a mortgage with Halifax. My credit rating is perfect and i have a 20000 deposit to put down which is little over 10% of the value of the property we want (180000). The offer is a fixed rate of 5.99%. What i would like to know is: 1. Should i shop around more? Are there much better…
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mortgage repo help please
Hello firstly thanks for reading this..... the house I live in is owned by a friend of the family - I have lived here for almost three years. I pay rent on the property directly to friend and owner of the mortgage/house. however yesterday I received a letter from a solicitor (simply law) on behalf of the mortgage people…
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Do banks really lend 90% mortgages?
My husband and I have an £8000 deposit. We are looking at buying a house for around £80000. We have looked on all the mortgage calculators online which all offer a 90% mortgage but in reality, how likely is it that we will be accepted fpr this? My husband has a very good credit history. Mine is ok but i have had a…
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What should we do? Please advice
Evening all. Hoping one of you knowledgeable folks can help me . My husband and I put our property up for sale in may. we didn't want to have to cope with both the buying and selling process at the same time. We received a decision in principle before putting our house for sale as a reassurance that we could get a mortgage…
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Poor Credit Mortgage?
Hi, I am trying to find a mortgage lender for a buy to let mortgage. I have a 45% deposit My credit score is 655 which falls into the 'poor' category, this is due to a ccj from 2007 and 2 defaults also from 2007. I have been turned down by Precise Mortgages, does anyone have any idea of anywhere I could try? :)
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Loan to make mortgage overpayment?
Hi all, First post on this forum but have been using the site for the best part of a year :) Has been a real eye-opener and really wish I'd have paid more attention to my finances years ago! But hey-ho, hindsight is a wonderful thing! Going to round figures here slightly for ease of reading but my current situation is:…
