-
Two Mortgages
Hello, I have a mortgage with my brother on a property that we now rent out (we have a consent to let agreement with the mortgage company). My wife and I are looking to buy a place of our own. My query is can I have two mortgages? As you can probably guess this is not something I know anything about :o . And before going…
-
Cashing in Endowment - but can't find other named person?
I have a 20 year old endowment I would like to cash in. It was taken out in my early 20's and has an old girlfriend named on it even though she has never paid a penny and the payments have always been DD from my account. The endowment is with Scottish Widows. They previously asked me to get her signature but I have no way…
-
Please help! First time buyer question
I'm a potential first time buyer who has submitted an offer on a repo terraced house. It is going very cheap but it needs around £7,000 in work as it has become quite a mess. I can get a mortgage for around £60,000 and the house I'm interested in is likely to sell around the £40,000 mark. Is there any mortgage out there…
-
Mortgage rates question
Sorry for the silly question. But, can someone explain the following on a 25 year mortgage? It has the 'Initial Rate', the SMR, and the 'overall cost'. There are 3 different % for these. The 1st two make sense on their own, but what is overall cost? Just trying to figure out 25 year fees, etc. or what numbers to put into…
-
New build mortgage
My son is trying to get a mortgage on a new build house.He only wants to put down a 10 percent deposit. He first tried his existing mortgage lender HSBC. They said they only do 90% on existing homes. On new builds the maximum was 85%. The local branch did not know the reason for the policy but said most lenders did the…
-
Halifax Mortgage into Sole Name
Hi all, My ex and I have a joint mortgage on a property which I want to take over myself. Back in 2008 we bought the property at 21 and got a key public sector worker homebuy scheme. We paid £124,995 for the house and Zoopla put it at £135,000 now. The shared equity deal is for 31% and we have a repayment mortgage which is…
-
Mortgage company keeps lowering my payment
Afternoon all. I have a 5 year fixed rate mortgage that I overpay on by the 10% allowed each year without early repayment charge. I signed an agreement that said I will £313.87 per month for the duration of my fix. However, it seems that the company does a review every March and each time decides I should be paying less.…
-
5 yr fixed rate, repayment expires Nov 2013 - when should I start to look for new fix
Hi Please could anyone help. I am currently with Nationwide with a 5yr fixed rate at 5.79%. This ends Nov 13. When should I start to look around for my new deal. I really need the peace of mind of a fixed rate. Thank you
-
HSBC mortgage underwriter issue - please advise.
Hi, I'm trying to get a mortgage with HSBC and had the underwriters rejecting the application today. Stressing me out now. We have banked with them for over 20 years with all our salaries and outgoings clearly visible with their accounts. We are looking to borrow £199k against a £250k property (LTV 80%, 4x salary). A…
-
Divorce & Bankruptcy
Hi All Dont know if any one can help on her but worth a try. My wife and I are going through divorce and I have kept the house as arranged, unfortunalty due to the BR I am unabke to take her off even though it has been 3 years now with 3 still to go. The mortgage company dont seem to understand that has the property was…
-
Mortgage Advice
Hi I am due to complete on my purchase next Friday 8 February. My mortgage is with Santander. I need to purchase furniture etc for the flat. The question I have is if I were to purchase the furniture on interest free credit prior to completing the purchase, would this affect my credit rating such the Santander may decide…
-
All monies charge
Not sure i am posting this in the right section, I took out a mortgae 16 years ago, before I met my wife. Her and I have now been together 11 years and married for 10. Never moved, never remortgaged, never added my wife to the deeds. We both took out a trust deed back in 2004 which has long since ended, one of the things…
-
Mortgage advice needed re divorce situation please!
Hi I was hoping someone could advise on the below. My in laws have separated. They both lived up to now in a house which my brother in law bought for them 2 years ago (value now appreciated to circa 150k, deposit 47k, mortgage 90k) using a deposit he had. He took a buy to let interest only mortgage and has now found out it…
-
First Time Buyer Advice
Hi, A bit of help will would be gratefully appreciated on the below matter from mortgage broker/underwriter Me and my Girlfriend are first time buyers we are looking at a property of £250K with a 25% deposit plus enough for fees etc. I have checked both our credit reports on experian and we have a 999 rating and no missed…
-
missold pension mortgage
Any advice on missold mortgages?
-
First Time Buyer - Advice much Appreciated
Hi Just wondered if there were any experts who could give us some good advice please. My partner and I have opened a Nationwide save to buy account which gives the possibility for a 5% mortgage, although to be honest we are not sure if we will be able to afford a big enough deposit to actually buy so renting might be the…
-
New house - BTL mortgage rather than sell existing?
Hi, my partner and I are looking to purchase a new larger property and we're thinking of a slightly different way to fund it. We have an existing property which has no outstanding mortgage at all. To fund the new property we would look to get a standard interest only or repayment mortgage but rather than selling the…
-
Possible Scenario
nothing to see here
-
New mortgage deal
Hiya Our fixed rate with halifax ends in april and they have said we can call to see what is available to us at that point. When we took out mortgage value was 110k and we took out mortgage for 80k over 25 years (ending when I am 50). We had a few months mortgage holiday for wedding/maternity/new baby and currently pay…
-
Want to get a mortgage but partner is self employed
My partner and I are looking at buying our first house this year however I am concerned that we will struggle to get the bank to lend us money as for two reasons - one he is self employed and two he has got a record on his credit history. He was forced to go self employed by his boss about 18 months ago, just so his boss…