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Using equity to consolidate
Unfortunetly I can see no other way to avoid a DMP than to consolidate our debts to our mortgage. Dont get me wrong and we are aware of the potential pitfalls of doing this We'd rather not but there is no way we can cut back enough to see our way through to clearing it with and still keep a roof over our heads. Based on…
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Nram will not let me take sole name. What next???
Hi there i have applied to take the mortgage in my sole name after my ex & i split up but they have rejected me again saying i again don't fall under their criteria. My ex wants nothing to do with the house & its in negative equity of £5000-£8000 & we have a secured loan on the property with about £36000 left to pay. She…
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Declaring a gift for mortgage app
If I am going to be given money from a parent do I need to pay tax on this? Will the lender trace where the gift came from? Are there any amounts which will be questioned? Any advice please.
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RTB £75k to £100k
Now that the govt has increased the maximum discount from £75k to £100k, sayone already has received the offer letter which gives them the maximum discountof £75k. What is the process to request the higher discount rate of £100k?
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Severe negative equity
Hi all Not sure if this should be here or in bankruptcy. We bought our house in the height of the market, just before the crash. We paid £175k for the house on a 100% interest only mortgage. We just had our house valued and it is worth £89k. When we bought our mortgage was £850 a month when interest rates were 5.75%. It…
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Mortgage advise needed in Southampton
Hi, Looking to remortgage in June, please contact me if your based in Southampton and can help with a remortgage . Thanks Steve Sf25064@yahoo.co.uk
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Mortgage Deposit
Hi, I'm sorry if this has been asked before but I'm just trying to get my head around things. We will hopefully be buying a new house soon, providing we sell ours which has just gone on the market. The deposit for the new house will come from the equity of the one we sell & also my parents are going to give me some money…
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Can Parents gift equity even thou son-in-law will have mortgage?
Hi, my parents bad bought a buy to let property for 245,000 (55k deposit, 191,000 mortgage). They now want to give the property to their daughter (my sister) and her husband. They want to give the equity as a gift. So my sister and her husband just need to find a mortgage. My sister has a few glitches on her credit file,…
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Will settled accounts scupper mortgage promise
We have joint mortgage promise from Halifax. I can see from my Experian report that they have viewed my credit report but don't know if this was in full or not. The issue is that I have five settled accounts with differing dates. All were paid in full via payplan but when I had any extra money I would pay additional…
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Right to buy / joint mortgage with non tenant
I currently live in a housing association house in which I've earned the 'right to buy'. I'm planning on moving out but my mother is keen on buying the house as a buy to let. She can definitely afford a mortgage however I cannot. We would be approved for a joint mortgage on her finances alone, but my name would have to be…
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Dmp
hi can anyone help? I am currently paying off my debts through a debt management plan. One of the creditors have defulted my loan even though i am paying a reduced amount each month. Can I get a mortgage? Any help appreciated
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ex wife looking at giving house back to mortgage company
Hi all i hope someone can help or give advice me and my wife split last may 2012 we agreed i would move out get my own place and she would stay in the house. upto know she has been covering all house costs ive been paying money for our little girl and renting my own place. my ex has now been saying she cant pay for the…
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Can I PM a mortgage advisor on here directly?
Just curious-Would it be possible to contact a mortgage advisor on here for independent /personal advice via PM without compromising any of the site rules? Thanks F x
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Moving home + mortgage +self-employment
Hiya, We're currently on a 2 year fixed rate mortgage -our first one. This is due to end in January 2014 and will then go down to the bank's variable rate. We are hoping to move house shortly after this. My partner has the opportunity to go self-employed at the moment, if he does, will we jeopardise our opportunity to move…
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Abbey mortgage processing
Hi, Is it normal??? Underwriter decision: Application agreed 14 march Valuation at 20 march Mortgage Centre processing 18 march Now abbey need 4 month bank statement ,pay slip, p60 and passport. I have give to my broker again. How come this audit check is after underwriter ?? And how long will processing again??
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How long does a mortgage offer take from Halifax
Hi Thanks for reading and replying to my thread I wanted to know how long a mortgage offer takes, I am a FTB The property valuation was done on 19th march 2013, and I have received the valuation letter yesterday.
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Mortgage - negative equity
I own a flat which for work reasons I had to move out of - I tried to sell it a few years ago but couldn't, unless I lost money as I was, and still am, in negative equity. So I rented it out but unfortunately my mortgage company (Halifax) charge alot for a consent to lease mortgage. I can't change mortgage companies as I…
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Halifax Mortgage Sub-Accounts increased recently?
Hi All. Just thought I would put a word of warning out. I received a letter yesterday detailing all the details about the "changes in the way they manage the mortgage". Anyway I used to have two sub accounts forming the mortgage:- No1 being £245 for the mortgage account fee. No2 being the main outstanding mortgage ammount.…
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What to do with endowment maturity?
I have an endowment that matures today from the first mortgage I took out 25 years ago. It was meant to yield £35k, actual maturity £30k. The straight forward answer would be to repay towards my current mortgage but I wanted the advice of some of the experienced people on this board and what they would do in my current…
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Mortgage, redundancy and being a student - advice needed please!!
Hi everyone, I apologise for this long winded post, but its a long winded story! Ok, here's the situation... I've found out I'm gonna be made redundant in a couple of months. I've also decided that I'm going to go to university and study to finally get a job that I'm actually interested in doing (never done that before!).…
