-
exit of current fixed deal, sanity check!
Had my annual statement through recently opened, read thensighed. Fixed it just for 10 yrs over 5 yrs ago @ 4.98%, originally£1119k over 30 years. I still have 4yrs and 4 mouths remanding onthe 10 yr deal, now looking at the figures and totalling it all up I owe £113K(total cost of repayment in full) £106.5K balance plus…
-
1st time mortgage declined
Hi Advice required if possible. Myself and my partner have had our mortgage declined much to our disappointed as I myself have only been in my current job for four months, having been in my previous job for 2 years. We were at no point told during the whole application that you had to be in your current occupation for a…
-
Need to reduce mortgage for 14 months!
I am changing career and need to cut my mortgage drastically for a period of about 14 months while I train for my new career. On completion of training I will be earning considerably more than I do now. My question is can I switch to an interest only mortgage without an endowment or isa in place knowing full well that…
-
changing to interest only??
Hello! I know I'll probably get shot down for this question but I don't know the answer so it's a good question as far as I'm concerned lol. Currently have mortgage with nationwide fixed until 2016 paying £838 a month. Just wondered how we could go about reducing the monthly payments. Have spoken to them about increasing…
-
Looking for advice on non joint mortgage.
Hello all, I'm hoping some of the lovely people who helped me on my previous query will be able to give me some advice again. Basically my husband and I have just sold our flat and are part way through buying a house. The flat and current mortgage are in my husbands name only as he bought the place before we met. I…
-
Mortgage advice needed
Hi I have previously been in a lot of debt, all of my own making and fault. I had lots of defaults and 6 ccj's at one point. I sold my house, paid off every penny owed and am currently renting. I have 25k equity from my previous property and I've seen a house I really like for 125k so I need a mortgage of 100k. I have one…
-
Solicitors Money Laundering Checks?
Hi guys, 10 days from agreed completion my solicitor has just emailed me to say he has forgotten to do money laundering checks. I am transferring a largish amount to him, over 200k. The solicitor has not advised what checks are required as yet. If anyone here knows I would be grateful for the information so I can have…
-
Interest Only - Halifax
Hello All, First time i have posted on the site - but i'm a bit stuck in knowing what to do and thought someone may have experience or knowledge. My dad lost his partner a year ago and is on interest only with the Halifax. It comes to an end in February 2013 - he is trying to work out his options which are very limited -…
-
Trying to get a mortgage - need help/advise
Sorry about this - its a longish story but feel you need all the facts to be able to advise me .... here goes. Annual Net Household Income: PAYE: £5200 Self Employed: substantiated accounts last three years £1850 WTC: £4694 CTC: £5969 Child Benefit: £1752 HSBC Credit Cards: 1 - Balance £6000 - monthly payment - £155 2 -…
-
We've moved here 1.5y ago - can we get a mortgage?
Hi all, We're EU citizens ( Swedish and Romanian), we've lived here for the last 18 months and we are planning to buy our first property. We have a 20% deposit and good and stable incomes .We are wondering there may be issues with the application because of our relatively short stay in the UK. Although most lenders we…
-
Applying for a mortgage and opening a joint bank account?
My boyfriend and I have just had an offer accepted on our first flat :j and are about to start the process of applying for our mortgage. Now our plan is to open a joint bank account to deposit money for the mortgage and bills each month. We'd then keep our own current accounts for whatever we each have left over every…
-
DS3 and Deed of Substitution for mortgage company to split garden
Hello all I completed TP1 and sent to mortgage provider Santander along with Title Plan requesting part of my garden to be registered under seperate Title and they are insisting I use a solicitor from their approved panel as they also require a Deed of Substitution - Land registry confirmed they don't require this and no…
-
Wanting to get a mortgage
Hi Guys, This is my first post so please bear with me. I was previously in a joint mortgage with my brother. I have had my name removed from the deeds and mortgage via my solicitor. I am now looking to apply for my own mortgage. I ran my credit check over the weekend and it fell in the 'excellent' field on equifax. I had…
-
RBS Mortgage payment date problems
Hello, I'm just looking for a little advice. We took out a mortgage with RBS in March this year and on our application specified the 1st of each month as the payment date. When our mortgage started the first payment was taken on the 20th, before my wife or I had been paid causing us some financial (liquidity) problems…
-
Solicitor Complaint
Hi Just a quick question really for advice. A friend of mine is in the process of remortgaging and the solicitor she is using has been absolutely shocking since getting paid. They have made a catalogue of errors, given her wrong info, made her go in to sign documents that they have then lost etc etc and its still not…
-
buy to let question
Hi, I wanted to know if you can remortgage on a buy to let if you are unemployed. My wife sold her business last year and we have just had a baby. She isn't planning to work for a few years. She has currently a ltv of 45%. Was looking at an offset if possible. Thanks
-
HSBC undervalued home by £50-60k!
My partner and I brought a 3 bedroom Victorian semi a yearago that needed to be substantially renovated as it hadn't been decorated for30years and everything had to go. We brought it for £334k, when like houses onthe street sold at the time for between £390-450k depending on the condition and whetherthey'd been extended.…
-
Advice needed. On selling two homes to buy one.
Hi. Me and my partner both own homes with mortgages. We have found a house that we want to buy that is valued at £285k , which is about £50k more than my partners home. And I have equity of about £50K in my own home. As my partners mortgage rate is really good we are going to ask her lender if we can port her mortgage to…
-
Consent to let .. birmingham midshire
Hi , I have a birmingham midshires mortgage and i am with them for about 6 years . due to the moving into girlfriends home i want to let the property . Does any body have any experience or info how do i go around it . how can i get consent to let ... how much they charge or or are they going to change my product . i am…
-
Cash in endowment rather than borrow on mortgage
Hi I wonder if anybody can offer any advice. I want to borrow about £15k for a new kitchen but rather than borrow more on my mortgage and pay a higher rate than the 2.5% BMR that I am currently on I was wondering if I could cash in one of my mortgage endowments and convert the same amount from the interest only part of my…
