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1980's partnership mortgage Help!
Hi - Looking for some advice please - my sister has some serious health and mobility issues and needs to move to one-level accommodation as soon as possible but there are some problems with her mortgage. She took out a '[Partnership mortgage' in the late 80's - Her understanding (Until recently) was if she sold the…
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Moving home - what is paid when?
This may seem like a really stupid question, but I just wantto make sure I’m clear on something before we start planning our move, andbefore I overpay more into my mortgage then find out I need it in savings tomove! I currently own a property (bought as a first time buyer, sothis is my first home move) and am looking to…
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Mortgage first payment query
Hello, I have just spoken with the bank as our completion date has been pushed forward to Jan 10th 2014. They told me that this would mean we pay the first mortgage payment on March 1st, plus accrued interest from Jan 10th. I understand this okay, but wonder is there any benefit in completing later in the month? i.e. fewer…
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NRAM Together Mortgage Query
Hi there, We currently have the Together Mortgage with NRAM. What I was wondering is, can you move the unsecured loan to the secured part of the loan? We want to eventually move and until the Unsecured part is paid off, we're a bit stuck. Just wondered what the options were. I know we can move the mortgage and keep the…
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Single Mortgage when married
Hi All, I'm hoping you may be able to help me with some advice (apologies in advance for the long post but it's a bit complicated). To cut a long story short my wife and I have been married for 5+ years and have joint finances in the form of a current account and a couple of savings accounts. Last year when we were looking…
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Endowment papers lost and questions
Hello, I am asking for a friend who I was talking to a few days ago and this was just mentioned. The person who this has happened to is not bothered to do anything, so just out of interest I thought I would ask for some opinions/advice with what I understand to be the situation, I may have some of the terms incorrect,…
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non status mortgage advice please
Financial nouse is not my strong suit. Recently divorced. House sold, equity split. Self employed and making small loss last two years so accounts don't look great. Looking to buy new house and have considerably more than 50% deposit. Mortgage will be a couple of hundred a month less than currently spending on rent. Where…
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Remortgage Let Property with Standard Mortgage
I am currently renting out a property with an interest only buy to let mortage. I am looking to remortgage on a capital and interest basis. My question is, if I am not reliant on the rental income to pay the new mortgage and I have no other borrowings (mortgages etc) will I be able to take out a standard (whole of market)…
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joint application - one poor credit score
Am looking for a little advice - we have 40% equity to put towards our purchase and have been on a mortgage for 6+ years with no missed payments. However, one applicant has a poor credit score due to late payments (no defaults or ccjs). The other has a good credit score. Total joint income over £90k, total joint debts exc.…
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Legal mess up
I've had a nasty situation where the seller (Property Developer) gave me a legal completion date, asked me to sign some paperwork and so on. It then transpires 2-3 weeks later that although their sales office believed it was the case, they didn't inform their legal team. No one told me about this and I only found out 3…
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Advice - Mortgage Payment Date
Tomorrow I am moving the DD for the mortgage payments to our joint account. (Mortgage hasn't been drawn yet) I am thinking of setting it up to come out on the 4th of each month... Reasons:... My payday is 28th of each month (GF's before normally) 4th will give us a few days to transfer (standing order) to the joint account…
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Arghhh, please help :(
Hi all, So here is my sorry tale, My DH and I are in the process of purchasing a chain free house and all has been well thus far, Until today that is! We were told by our solicitor last Thursday following a meeting to sign the contracts that we would be looking to exchange/complete this Friday, so I booked the time off…
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Getting a mortgage as a student
I'm a 21 year old student at Lancaster University and wanting to live off campus next year. The average rent p/w for a student is £90 in the city. 4 of us for 1 year is £18720. The theory is that I can live for free whilst my 3 other flat mates will pay for the mortgage and bills with their rent to me. The cost to buy the…
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Negative Equity/Secured Loan Advice
Long time forum watcher, looking for advice on how best to proceed. My ex-wife and I have been trying to sell our former home (it's empty) for nearly a year, without success. Now have an offer that would leave the second mortgage underfunded to the tune of £20K. Paragon, who the second mortgage is with, can seemingly…
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Middle Name
I rang solicitors today as we are exchanging tomorrow he mentioned Santander put my middle name as Marie on the mortgage documents and should be Maria. He said its fine we have amended it. Could this stop us from exchanging????im panicking! They ran a check on me when we first put the offer in so I know they have 100%…
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Natwest mortgage break down..
Hi guys, I have a natwest mortgage, at the moment monthly repayments are £399.91. Looking on my online mortgage statement £399.91 comes off on the day the repayment is due. So for the sake of this say i have £100,000 owing, that takes it to £99,600.09, on the 22nd of each month the balance increases £235.89, taking my…
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Building society "member" gets worse rate than "non-member"
I don't suppose I'll get much sympathy here but I've had a BTL mortgage with a building society since 2008 and when negotiating a new rate I am told that the best they can offer is 1.3% off their standard rate. New customers however (i.e. Non - members of the building society) can benefit from a 1.8% discount. This…
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Releasing equity in my house to pay off debt
I am currently 2 years into a debt management plan that came about from too much debt and being made redundant twice. I have about £17K left to pay with a debt free estimate of 2018. I own my house and I think it is worth around £95,000 and have roughly £70,000 left to pay. Household earns around £60,000 a year With the…
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social homebuy mortgage provider advice
We are housing association tenants that are buying on the open market. Our landlord provides financial support towards the deposit but this places a 2nd charge on the property for 5 yrs (in our case this amounts to 9.5% of purchase price, reducing by 5% yearly each year of the 5 years. Our mortgage broker is having…
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Right to buy mortgage advice
No response.
