-
Credit score question
Hi, Will cancelling a credit card have a negative impact on one's credit score? I am thinking of cancelling a CC that always has a nil balance on it but I believe Equifax counts it as a bad thing if you 'settle' credit accounts. Settle in this context would mean simply closing an account and not being unable to afford…
-
Applying for a second mortgage while first is 'illegaly' let
Please help! I bought a property in 2007 and lived there for until 2011. I then moved to another part of the country and started renting out that property, but didnt tell my mortgage company that it was being let. The rent covers the mortgage by approx 250%. I now want to buy a second property, but the first property is in…
-
incorrect end of mortgage term date - help!
Please can someone help - 25 years ago I took out an endowment mortgage. I am 60 this year and my mortgage comes to an end in August 2013 Fifteen years ago I remortgaged with another building society - interest only mortgage as I already had my endowment. Found out years ago that my endowment had a dreadful shortfall - did…
-
How can I remove a legal charge on my mum's house
How do I go about removing a legal charge that has been placed on my mum's house? The deeds show 4 charges, which relate to the debts of my father (who jointly owned the property and recently passed away) we don't know if all of the companies still extist or what some of the debts relate to. My mum and dad were joint…
-
Endownment Policy -getting hold of the money
We have had a letter from FriendsLife informing us that our endowment policy is maturing soon. Unfortunately, according to their records, the policy is still assigned to Abbey National, which of course was taken over by Santander. We paid off our mortgage some time ago. Before this we transferred our mortgage to the…
-
Business address registered at home I'm selling
Hi all, I have a business address registered at the home I'm selling. Haven't informed my current mortgage company. I plan to transfer the address to the new house we're buying. Will this in anyway cause any problems? Is there anyway this may affect us completing our mortgage offer (new mortgage) for our new house? Will…
-
mortgage based on my salary not husbands?
Hi, thanks for looking at this, hope you can help. We are in the lucky position where we have been able to pay off all our debts completely and save up just over twenty thousand pounds for a mortgage deposit. My husband is a contractor and earns around £60,000, however has not got three years accounts yet. I have been in…
-
Urgent Advice needed regarding Voluntary Charge on property
Hi all, I hoping someone could perhaps help me, ive left something until last minute and hit panic mode! I had to use a family solicitor following my divorce to fight my ex regarding the welfare of my children. To cut a long story short, the bill mounted up excessively and i struggled to pay. I have paid big chunks through…
-
moana lisa
Basically, if the old FSA wasnt up to scratch and I had my review of my endowment policy rejected. Unfortunately, due to lack of paperwork,but I would stand up in a court of law and swear I was done. Indeed, my policy doesnt mature for another five years and its performance has been appalling. Could we now as group and…
-
Britannia 90% mort survey problems
Hi All This is my first post here. I feel compelled to seek advice on my problem to see if anyone else has had similar experiences. I am quite a way through the moving process. All was going well untill i had a full survey carried out on the property i want to buy. It came back with a concern about damp and Britannia…
-
Will a joint application help me or ruin my boyfriend?!
My partner and I are desperate to buy. He is 32 and had perfect credit until one late payment a few months ago. I'm 31 and have a history of unpaid credit card bills and loan payments from my very stupid younger days. The two most recent defaults I had were both August 2008 (4.5 years ago), although I have had two late…
-
Mortgage Payment Holiday
I was wondering if someone could offer me advice? I am currently considering taking the above for 2 months. The money we would save would be put towards a credit card debt of £1200.The 0 per cent ends at the beginning of March. I was wondering was this a good thing to do had anybody taken a mortgage payment holiday before…
-
Refurbishing a property through mortgage/loan?
I found a property valued at £160,000. In order to make it habitable I would need to spend a bout £30,000. The bank, however, said they would lend only lend the purchase price of the property. Any ideas how I could fund the rest, other than finding a rich aunt or winning the lottery? I was wondering whether a secured loan…
-
Ready to re-mortgage but I may get made redundent
Hi All, First post so be gentle with me! My fixed rate deal with Santander runs out early May and I have started to look around for a better deal. Britannia looks good at the moment. Anyway, work have dropped a bomb shell that my site may be closing down and we will either be made redundant or moved in to another site. It…
-
House split into 2 flats
We are looking to purchase a freehold house we have found with our daughter which has been properly split into 2 flats. However while it has full planning permission it has not been legally split into 2 seperate properties so we would need to do this at the same time as purchasing with 2 seperate mortgages so we own one…
-
Getting around ERC's
Hi all, I'm half way through a 5 year fixed mortgage and getting ready to move house. My problem it that my current provider will not lend me enough to buy my new home. As such I am being forced (?) to move provider. Can anyone see a way around this?
-
moving and extending mortgage just before fix ends
We are looking to move in the next few months and this will require extending our current mortgage. Our fix ends 31 august, and we have approx £96k to pay with a current property value of approx £170k. We are looking to spend another £50 on our next property (ie£220k) which is in our reach salary wise. A few rookie…
-
Do they credit check if you move to a new fixed rate with the same lender?
That's the question really! My partner has been made redundant and we wonder if this will impact on us getting a new fixed rate with our current lender? As well as not having a job he has made an arrangement to pay on his credit card. Thanks.
-
Will there be any interest only mortgages in 5 years time?
I am in a quandry. I have posted here before, but the situation is I am on an interest only mortgage with Santander which ends in March, our only option with them is to go on th SVR, 4.79%. We have an endowment which is on track to pay off the mortgage in 11 years time. My broker has suggested a Leeds mortgage, interest…
-
Best deal for new mortgage
My brother is looking to purchase a council property with his parents and has asked me to look into some mortgage deals. Here are the details House price - £350k Deposit - £75k (RTB) + £100k (deposit) Had a look on Natwest, as he banks with them and this is their best deal according to the website: 2 year tracker - £250…
