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Account for deposit?
My deposit money is currently scattered across cash ISAs, my current account, a postal-only account, and some shares (yes, I need to sell those quick). I'm not keen to keep large sums of money in my current account because so many transactions go in and out and so many people must have the account details, that security…
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Mortgages available when I own my home - unusual request for help!
Good morning all I wonder if anyone can kindly help. I'm looking for a basic guide to mortgages but I want to avoid anything that isn't going to be pertinent to what I'm after. So forgive me for asking outright but where better to ask than here... My position is that I have been given a house – it's completely in my name –…
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Homebuy Mortgages and borrowing extra
I am currently out of my fixed term period with nationwide. I have a 30% equity loan on my house. The value of my property has increased by 26% (We gutted the house) and I have paid 13% of my mortgage off. I want to remortgage and borrow more for an extension. Does anyone know if that is possible or if anyone has had any…
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fixed rate mortgages
Hello, I came to the end of my fixed rate mortgage last year. I have contacted that company to do this again and they said they can offer me this. Is there anywhere else i can go while I'm on a DMP? Can they in fact say no as I have never missed my mortgage payments.
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FSA/FCA register seems either unusable or broken
I went to the FCA's register to check my local broker's FSA/FCA number. No match. But then I realised I can't even find L&C on the register (ref. number 143002): http://www.fsa.gov.uk/register/firmSearchForm.do If I can't find them, what hope for my local broker? This makes me want to stick with L&C and ignore the small…
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changing mortagage before term is up?
Hi All I am halfway through a fixed rate mortagage and even though its not a bad rate would it pay me to cancel early and switch to a tracker mortage or something similar?? Thanks in advance.
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Interest Only Mortgage and Overpayments
Can someone please help me out with this conundrum? My partner and I were discussing his mortgage today. Its an interest only and he makes an annual overpayment which he believes is paying off the interest AND the capital. I explained that as its an interest only mortgage its only paying off the interest and he will have…
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Do I surrender my Endowment Policy?
I'm struggling to understand the figures CIS have provided following my request for a surrender quote and estimated value on maturity on my Endowment Assurance with Profits policy. Can anyone help? I've paid £15 a month to CIS since 1988 (25 years), the policy matures at 30 years (2018). I took a 20 year cash sum of £1272…
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Chasing mortgage arrears
Hello. Can anyone help. My ex-husband and I when we sold our house down south over 20 years ago ended up with negative equity. This was with mortgage express. With all the fees and interest added on this was approx. £47K. We were paying back approx. £85 per month. In 2008 my ex-husband left and just disappeared (he was…
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L&C unhelpful, changing your mind after recommendation?
I went to L&C and found them to be not as helpful as I expected in terms of expertise and guidance. They made me pick all of the following before making any recommendation, and then come up with just a single recommendation (this is from memory, the question they asked may not be 100% accurate re the ERCs): * LTV * Product…
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Quick reliable lender with good 5 year fix, low ERCs preferred?
After changing my mind more times than I care to admit, I really have to make my mind up, and I'm looking for a 5 year fixed rate. I'm looking at 75% or maybe 70% LTV (but the latter only if the lender also has a 75% product, in case valuation comes in low). Priorities: * Quick and reliable lender. Though I've listed this…
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Remortgage -Northernrock/virgin Interest only Gone
Remortgage -Northernrock/virgin Interest only Gone We were previously on a low fixed rate that comes to an end in January interest only. House was valued at 250k about 4 years ago. Mortgage is 55k. Have all interest only mortgages been stopped? Virgin site does not seem to show re-mortgage deals.
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Small mortgage sum required
I need a very small sum to complete on the purchase of a new flat £15,000. On checking available mortgages, they all seem to start at £25,000. Is this the market norm? I would just welcome some advice on what purchases have done in this situation. I am now presuming that I need to go down the route of a personal loan. Any…
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Can I get a Mortgage?
I was just wondering if there is any point me even attempting to get a mortgage! I am currently a mature student, with no formal income. However, I have just bought my second property (a cash buyer), after renovating the first, with a plan to do that again, so have made an income from this (around £20,000). I have a lump…
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buying attached house
I've been trying unsuccessfully to remortgage to buy the house next to ours. We have enough equity in our half of the house to do it, good income and intend just to take our time eventually bringing the two houses into one. The house next door is unmortgageable. Can anyone suggest a specialist mortgage provider as all the…
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Help to Buy Scheme - specific mortgage product needed?
Evening, Just looking through some of the details of the HtB scheme and one thing I can't figure out is whether you need to apply for a specific HtB mortgage product (like NewBuy) or if you just look at any standard product at the post-equity loan LTV which, for most people, looks to be 75% - can anyone advise? If it is a…
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Skipton BS processing times?
Hi, I have a DIP from Skipton. I have now done the full application and submitted the additional documents requested. No valuation has been instructed as yet. Can anybody tell me what their processing times are like at the moment between full application, underwriters and finally valuation? Just out of interest, do they do…
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Mortgage porting question
Please bear with me whilst I try to explain this as I'm all confused... We currently have a mortgage and am moving house and borrowing more. We've had a mortgage offer through today offering to port our existing mortgage at current rate and the borrow more at a higher rate. Since applying (it's been a long process due to…
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Mortgage in my name but ownership in Mum's name?
hello, my Mum and I are thinking of investing in a flat to rent out. She is retired and no longer works so cannot get a mortgage, I would full time and we have a healthy deposit. We would like to get the mortgage in my name but Mum on the title deeds/owning the property. Has anyone does this? Is it possible to spilt…
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Rent-To-Buy or Private Mortgages
Hi, I am after any advice on Private mortgages or rent-to-buy schemes where you buy shares in the property over a 25 year period, as done by Genie Gentoo. I am self employed but without 3 years accounts, we don't have a deposit but do have a sizeable income to buy a first house of around 5k a month between us, rising to…
