-
Existing house rented out - looking to buy 2nd house for me
Hi all, advice welcomed. I have a house which I bought and lived in until I changed jobs so ended up obtaining permission to let it and now rent the house out via an estate agents. The house is probably worth £70k and I have £53k owing at present, the rent more than covers the mortgage. In the current place where I live I…
-
Help: Mortgage, Dealing with Estate Agent and Lloyds account satisfied as Defaulted
Hello all, Im in need of some assistance. I have put an offer in on a shared ownership house. 25% share and the house is an older house, built in 1978. We went to see a mortgage advisor yesterday who was going to help us. no charge to us. We have £4000 as a deposit and only need to borrow £34250. a week ago i ran a credit…
-
Northern Rock together - Pay the mortgage/secured/unsecured??
Hi all, I am yet another one who took a Northern Rock Together mortgage. I have read various threads on this, however, I haven't seen anything conclusive in respect to my next move! I have approx the following debt : £130000 mortgage @ 4.78% £8000 secured @ 3.94% £30000 unsecured @ 4.78% I have about £6000-8000 cash,…
-
Why is the mortgage paid and deducted from JSA
Can anyone tell me why my mortgage interest is taken from my JSA which only leaves me with £41.00 a week to live on with 2 children yet if I was in a rented house the rent would be paid by the council and I would be £95.00 per week better off.
-
near end of fixed term rate
I have 25% shared ownership of a 2B-flat. I am nearing the end of the 3-yr fixed rate term with Woolwich. What do I do next? is it advisable to go fixed rate again or not. ANy advise please. I dion't have any extra cash for increased mortgage payments.
-
Buying an extension of lease when buying a property
Hello, As a first time buyer I have a quick question about extending leases. I was thinking of going to look at a property where the current lease has a total of 56 years remaining, but they are in receipt of a quote from the freeholders for an extension to 99 years. It is for £27000. I was wondering, if we bought the…
-
Help, House being repossessed today at 12pm any advice for me
Hi Everyone, my first post on here and a bit of a long one, as the title says my house is being repossessed today by my mortgage lender Santander for arrears of £900. I took out my mortgage in 2006 and have always kept up my payments on this and a secured loan which I borrowed in 2007. My problems started in February this…
-
Default removed before 6 years - chances with Experian?
Default registered in 2011 for £300. 2007 I applied for a mortgage with Ulster Bank (RBS) they said if I opened an account with a monthly fee I'd obtain a better mortgage rate. Monthly fee £10. I put £150 in account to cover fees then when moved house I forgot about the account. Fees obviously been building up. Just…
-
Cash purchase,mortgage later.
Good evening, I'm after a little bit of advice. I'm buying a house. The seller wants a quick sale and has given me a short deadline to complete(before christmas). Now...I've applied for a mortgage,got the AIP and started the ball rolling. Thing is, if the mortgage doesn't come through in time, i can still purchase the…
-
Paying off mortgage early
Can anyone please give me a little advice on overpaying my mortgage. I currently owe £149,000 (ish) and have 19yrs left to pay it off, I'm currently overpaying £150 a month but shall I ask the bank to recalculate after each payment or just keep paying the same amount?? Mortgage is on a daily interest rate if this helps?…
-
miss sold endownment
Can anyone through some light on this for me when i bought my first home with my wife we were 23 and 24 young and very green lol . we got our first mortgage with national and provincial in around 1986 the lady told us that if we did not take an endownment mortgage we would probibly not get a mortgage at all . so we signed…
-
First time buyer - clearing overdraft and saving for deposit
Hi all, Myself and my wife are starting to save our deposit for a mortgage. Both of us are overdrawn after getting married and are trying to clear the overdraft before we start saving. However, we think it would be cheaper and quicker to clear our overdrafts with an offer on our credit card. However, we're worried about…
-
1st time buyer - financial advisor
Been to see a financial advisor (yesterday) about a morgage, took in paperwork, job, debts, money coming in etc seemed happy with what he had, asked to bring in a few more details, but said he couldnt see a problem with getting the amount needed, said he would get in contact yesterday or today to let me know, rather than…
-
Experian question, knock on effect with mortgage
I have recently got my credit report and my experian one is only 3 star due to them having the wrong address for me, hence, I wont be showing on the electoral roll etc. I have never lived at the address they have for me, it not a fraud issue its just an address which always gets mixed up with ours and vice versa. Im…
-
Moving Mortgage to a new property
First off sorry if this is in the wrong section, first time post! OK here goes... I have a mortgage of 70k, my house was bought for 170k, my parents put up the 100k deposit. I'm looking in the next year to move houses and to add my soon to be wife to the mortgage. I've been looking at houses at around 150k so this would…
-
TPS tickets!
I have received a parking ticket by total parking solutions for parking my scooter on hospital property to go to work!!...the sign on the original bike racks where I had parked for years stated they were being relocated to the car park and I parked on the new rack..There was a sign next to the bike racks stating the bays…
-
Mortgage Express - more bullying
Have just received a formal demand for repayment of a mortgage from Mortgage Express, due to arrears the arrears are £200! (less than one month!!), according to the last update I had from them, and actually around £85 was paid since then. Can they do this? What action do you suggest? I seriously think the manager is…
-
Barclays charging me to make payment to interest only part of mortgage
HI, I have a fixed rate mortgage with Barclays. It is part repayment and part endowment and has 5 years left to run. I incur a penalty charge if I overpay by more than 5%. Each year I repay 5% to the interest only part and my monthly repayments come down correspondingly. This year I made the 5% payment (£2600)and now they…
-
Bank of mum and dad
Letter in the paper highlighted the trend of mum and dad forking out to give offspring deposit to buy a property. He had a very valied point to make. Whilst mum and dad think they are doing the right thing, they are keeping property prices high. According to him 34% of the market is first time buyers and by helping them…
-
help for my nan - £1 balance
hi I was just wondering if I could have some advice for my nan as we seem to be stuck in tough situation. My Grandad passed away in August and everything has gone to my Nan, including the house which currently has a £1 mortgage balance so the building society keep the deeds. Unfortunately he was the only borrower and…
