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endowment mis-selling
Hi guys, I'm trying to help my sister out with a few financial problems. I'm posting a couple of questions over a couple of posts in the hopes that someone who knows more than me (not hard) can help out. My sister took out a mortgage almost 20 years ago, she wanted a repayment mortgage but was sold an endowment mortgage.…
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intrest free
yes ,I know but we have to survive a recession 3 years into IVA Interest only 11 year remortgage finishes in 3 years mortgage with Topaz a subsidiary of RBS originally with GMAC Mortgage 178k value of property £250k No provision to pay off so depending on selling property to repay What room time wise do I have If it does…
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2 mortgages with one company
I borrowed additional funds for a house extension, I kept my original mortgage as it was a tracker and the interest rate was 0.75% above the bank of england rate (1.25%), but the new mortgage was at the variable rate (4.99%). The terms of both mortgages are different with the tracker having 5 years to run the variable 12…
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End of 2yr fixed - santander problems?
Hey, We have come to the end of our 2yr fixed rate we got when we bought our first house. We have found some really good deals we can shift to, but called our current lender Santander to see what they could do. Our house was bought for £130k and we currently owe £91K on it. If I'm right this means (not taking into account…
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Mortgage with old debt not showing on file
Hi all - advice is greatly appreciated, forgive me for what might be a long post... So, about 8 years ago I was with a partner whwas dishonest to say the least, and after stealing thousand from me on credit cards he left me and our daughter about 6 years ago leaving me to have to organise payment arrangements on all of my…
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Homebuyer report & solicitors question - have to be by provided by mortgage lender?
Hi all. Long story short, we've just had an offer accepted on a house on Friday. For reasons too long to go into, we had to use the EA's mortgage broker to get the DIP (which was approved later in the day by telephone due to computer issues), but they have agreed to waive the broker fee....So I need to arrange to visit the…
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WoolWich/Barclays 10 year fixed 3.89%
Hi, Looking at the following rate as we want protection against interest rate rises. I want to add a little extra borrowing and pay of my debt. I will have a LTV of 43% at the end I have an ERC so want to know if the above products include legal and valuation costs. I rang Barclays today they said no, however Money.co.uk…
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Listed Building - issues?
Are there any problems with getting a mortgage for a listed building that has already undergone renovation? In my case it is an old school that has been converted into 5 properties of very high standard. Only just found out it is listed and very nervous about how the valuation went on Friday. Will this be flagged up as an…
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Buy House less than Valuation - deposit?
Hi - this may sound like a strange question but: Recently my grandmother died, my grandfather has been in a home for a while and their house is empty. It is in the process of being valued for sale and that is coming in approx £165,000. The process is being looked after by my aunt. I'd love to buy the house and ours is…
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First time buyer/saver, help!
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FTB 95% mortgage advice/chances of acceptance
Hello, It's my first time posting after doing some lurking! I would really value some advice from you guys :) My partner and I are currently saving and looking around for mortgages! Joint income of £44,000. We have paid off and closed all our overdrafts, credit cards from our student days. We both have a loan each his at…
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Mortgage needed quickly as sellers are purchasing a repossession
Hi there, Me and my partner had our offer accepted on a house. I have just recently moved house (10th March 2014) and was very organised (I thought), changing my address on everything early March before we even moved etc (confirmation from electoral roll of change of address was dated 12th March 2014). However, my address…
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From joint mortgage to new home as single buyer
I bought my current house as 'tenants in common' with my partner. We are now splitting up. The mortgage is in joint names and I will be buying a property on my own. I have equity of approx. 60% (approx. £160K) in current property. If I take out a new mortgage alone am I considered a first time buyer or just considered to…
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Want to get a Mortgage but wife is bankrupt
Hi all please help any advice welcome. I am currently looking at getting a mortgage, I have 10% deposit a good credit file and £28800 income (self employed), I have spoken to a few mortgage advisors and can get about £108000 mortgage. The big question is will my wife’s bankruptcy/repossession affect me getting a mortgage,…
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Want to get a Mortgage but wife is bancrupt
Hi all please help any advice welcome. I am currently looking at getting a mortgage, I have 10% deposit a good credit file and £28800 income (self employed), I have spoken to a few mortgage advisors and can get about £108000 mortgage. The big question is will my wife’s bankruptcy/repossession affect me getting a mortgage,…
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Remortgage
Hi there, Not sure if anyone is able to help - me & my partner were 1st time buyers and our mortgage term was fixed for 2yrs (ending next Feb) I was just wondering if we are able to remortgage/switch deals once our term has ended or are we stuck with our lender until we own x-amount of our property. We put a 15% deposit…
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Mortgage for mature Student
Hi, I am a mature medical student who needs to find a mortgage, I get a small bursary and my parents (over 65yrs) are willing to act as guarantors for me. Anyone have any ideas on lenders who might lend to me? I'm looking for a 75% mortgage if that helps?
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Raising the money for house deposit....
Hi Hopefully someone can give me some clear advice on the matter of mortgage deposits.... I am married, however I shall be applying for a mortgage on my own (my husband will be living with me) He already has a mortgage and property which I am not on the mortgage for or on the house deeds. I can easily afford the mortgage…
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Uk citizen and Australian Partner looking for mortgage
appreciate any help or advice regarding obtaining a mortgage. My daughter is a UK citizen and her partner ( who has lived in the UK for 7/8 months now and working 7/8 months) is Australian on a 5 year ancestry visa ( 4 years 3 months remaining on visa). Both working and have a 15% deposit. Both in full time permanent…
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Complicated Mortgage Situation
My Father has had a mortgage for about 15 years and he has about £30 000+ left to pay on it. He has always lived by himself in this house. About 6 months ago he lost his job and became depressed. He has always had a problem with alcohol and after losing his job he stopped eating. He was also living in filth and never…
