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Repossession Court Letter
I am so worried for a relative - she has had Court Letter to start repossession proceedings. I have acted on her behalf in dealing with mortgage people asking for different options all of which has been refused. The house has been on the market since June - plenty of viewings but no offers - no payments to the mortgage…
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95% Mortgage for moving home
Can anyone help? we bought our home just before the markets crashed as a result we have very little equity and can only get a 5% deposit to move but the only thing i can find is 95% mortgages for 1st time buyers or people moving to a new build, were neither. is anyone aware of places offering a 95% mortgage for people…
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Legal & mortgage advice for FTB
Hi first post here and I have a question regarding the funding of a house I'd like to buy-all help much appreciated. My girlfriend and myself want to buy a 200k property. She is as to pay her half (100k) cash. I have a 30k deposit and so need around a 70k mortgage. I earn 25k pa working for a large asset manager, i believe…
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Overpay extra with spare cash?
My mortgage rate will be fixed for 4 years (18 years remaining) making the monthly payments less. So I am better off by about £90. I have already been overpaying £300 a month for two years. Going off the overpayments calculator, the current overpayments clear the mortgage 10 years early. If I add the £90 on top it clears…
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Should I pay all my mortgage or will it affect any future mortgage?
Hi, apologies if these are really stupid questions. I have looked through the forum to save any embarrassment but here goes: 1) I have inherited money from my mother's estate which will just about pay off my mortgage. Should I repay all the mortgage or is it sensible to retain a small amount should I ever need to get…
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Which option for mortgage overpayment?
Dear members, As savings rates are paltry, I'm thinking I should start making over payments on my Nationwide mortgage account. If I over pay by £500+ the 2 different options are, and I quote from Nationwide's website:- "Your overpayment will automatically reduce your monthly payment. Alternatively, you can choose to keep…
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Advice sought: How can we move up the ladder?
My husband and I bought a small two bed mid terraced house 7 years ago with a mortgage from HSBC. We currently owe £111,000 and the property is worth about £119,999 (we've recently had three valuations) We have £2,000 in savings. My husband has been a self employed Electrician for 2 years and earns around £27,000a year…
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Mortgaage over 75 years old
I am 71 years old and wish to take out a buy to let mortgage but no lender, that I have spoken to, will allow the arrangements to go beyond my 75th birthday. Is any one aware of a lender that may go to my 80th birthday?
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Joint names - reasons why not?
My partner & I will shortly be purchasing a property as first time buyers. I work full time but my other half stays at home a looks after our daughter. She doesn't work, but may be looking to work sometime in the future. I understand that credit history is reviewed for both, but I can't see a reason as to why I wouldn't…
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Overpayment advice please
Hi i have been reading these forums for a few years now and now seeking a little advice on what else i can do to be a MFW heres some details. I have a mortgage with first active last years opening mortgage payment was £95,732.51 the rate was 1.60% since the fixed rate ended on august 2011 so now it gone to 0.5 above…
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Buy-to-let existing tennants refusal
Hello, Apologies if this is answered elsewhere, or just obvious, but I'm a first time buyer considering a buy-to-let mortgage and I've found a suitable proeprty which has tennants already in place. They're on an AST for the next 2 yrs and the agency fees have been covered for the duration of that time - which obviously…
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Draft contract to completion issue
Hi all. Would be nice for some advice. We have had all searches completed fine and reports sent, mortgageagreed in full and have paper works with us, draft contract sent tous and sent back today signed to solicitor. How long would we expect for us to possibly complete. Our buyer isready to exchange now, they can move in…
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Mortgage on new home
Hi all, We want to move ASAP into a new build, I earn 33k and partner only approx 10k basic but usually more per month and only on casual contract which has kept extending for last two years. If we have 47k to put down what's the max we are likely to get. Very good credit rating only loan has about 7k left. But never in…
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New mortgage with Santander
Hi all, I've been trying for a while to find information relevant to my exact situation without success. Hopefully you'll bear with me and try and understand that i'm getting quite frustrated, like many other people, with the system. Quick background: Mortgage Company: Santander (Alliance and Leicester) LTV: 85% Current…
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Joint Mortgage question
Hello everyone, Me and my partner are currently trying to buy a house for the first time. We would like to have shared ownership of the house. Which would mean we have to take out a joint mortgage for both names to appear under the ownership of the house. However as my partner is unemployed at the moment, i was wondering…
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Advice re: mortgage
Hello New to these forums so I hope this is okay to post, but if not then let me know. I just wondered if I could get some advice about what my best next steps are. I am the owner of a flat with approx. £15k equity, and I have £15k in savings. My wife, who moved into my flat after I'd bought it, has approx. £5k in savings.…
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completion day today
Hi All, I am very happy to say I completed today and finally have the keys :T. Thank you to everyone who 'held my hand' throught the whole stressful process and the great advice you all gave. I am now off the joint the mortgage free wannabe gang :rotfl:. Ironically I wanted a mortgage sooo bad and now i want rid of it
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Advice on possible mis-sold Remortgage ?
Hi Could anyone possibly tell me the best place to get advice on a remortgage that led to negative equity once complete and possible wrong doings on original consolidation loan that led to remortgage in first place. Please be aware this was a 2005 issue that as just resurfaced again in the form of a debt chasing company…
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Monmouthshire Building Society and new builds
Anyone know what their maximum LTV is for new builds? Their website is silent. I'm going to try and ring tonight but just wanted to get an idea in advance.
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mortgage or loan
My partner and I cant agree on overpaying on our mortgage and hopefully when we come to remortgage get a better rate due to the ltv or overpay on a 10k loan and pay it off faster ( no penalties for either). What would you do? We will prob have about £300- £500 pcm to use for either.
