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Mortgage help please
Hi I am looking for some mortgage advice, I currently have an £89,000 mortgage on a house worth £160,000, I am currently on a fixed rate mortgage at 4.74% based on 25 years, which is due to finish in July, my current lender is offering me a 2 year fixed rate at 2.49% with no additional fees to pay although I am aware that…
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Mortgage wanted
Hi all, Can anyone recommend a lender for the following criteria? My girlfriend and I have a 40k deposit and want a house to the value of around 200k. We are both 28. I have a permanent contract on £21k but I have only been working there for 5 months. I was travelling for a year before that. My girlfriend is a teacher and…
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Court proceedings for mortgage debt
We received court proceedings for 3 missed mortgage parents totalling £2500 today. We have been burying our head in the sand. Due in court in 8th may. We can pay £1000 off tomorrow and a further £1000 in two weeks. What is likely to happen if we can pay it all off before the court date? Many thanks in advance.
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Shared Ownership - Worth A Try??
We have the opportunity to buy a shared ownership property (60%) with no rent on the remainder. We have a 10% deposit. Mortgage price is £69779. My partner has clean credit where as I have a DMP. I know I should use the deposit to clear the debt but I'm covering all of my bases first. My broker hasn't said a definate "No"…
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Mortgage dispair
Hello all. Long time reader, first time poster here. I'm in desperate need of some help/advice. My partner and I are looking to get a mortgage so we can settle and create a nice environment for our son, who has hemiplegic cerebral palsy. We approached my bank, Natwest, who advise it's unlikely a mortgage would be approved,…
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Mortgage advice - Separation - ERC's/CTL
Hi all For the record, I am a relatively long term poster here but am using a throwaway account because some of what I need to discuss is sensitive and is not yet public knowledge to our friends and family - I highly doubt anyone I know has spotted my actual username but I don't want to run the risk, so please forgive the…
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My name is not in title deeds. What are my rights as a wife if we split up?
Hi all, We're in the process of our first mortgage. For various reasons, we took out a mortgage in my husband name only, and now the solicitor said I cannot be in the title deed either. All the deposits we got are gift money from my parents. Now I'm wondering what is my right if something happens? I and my husband will…
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Having trouble remortgaging..
Hi, I bought my home largely using inheritance 5 years ago. My mortgage is currently 37k, at 4.6%. I pay £240 pcm, plus any overpayments I can make. Unfortunately due to I'll health I have had to take a part time position, so my salary is two thirds lower than when I took out my mortgage. I'd like to get on a better rate,…
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quick question - buy to lets
Hi All Current situation Own and live in house - current value £330k, mortgage £192k - joint mortgage with wife Own a flat - value £170k, mortgage £114k - joint mortgage with wife We rent the flat out. If i wanted to buy another flat to rent and raise a deposit by releasing equity in our house do you think i would be…
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Are we being Penalised ?
Hi, im interested to here thoughts on this as i can't figure it out. The Government encourages entrepreneurship, in the words of the PM and the chancellor, small business and start ups are important for our economy. When it comes to Mortgages, we are more or less forced to rent until we have three years accounts, - i don't…
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FTB - Council House
First post,registered 5 years ago, and sorry for the wall of text you're about to read. Looking at buying the council house i live in as my first house (despite leaving here many many years!) as the mortgage + insurances would actually be cheaper than the rent i'm now charged and thats always going to go up every year too.…
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In preperation for mortgage application
Ok this will be a long one, our house is on the market and we are trying to max the chances of a new mortgage going through as easy as possible. Im thinking of the things the bank will be looking for so this is how it is, please advise if we can do anything to improve things or are we doing it the best way. I have a…
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Mortgage with guarantors advice needed
Hi, At the moment I'm self employed and I don't earn enough money ( by choice ) as I have enough to live on. Living with parents. I want to get a mortgage to buy a house. My parents are both retired, mortgage free and have enough savings to buy a house outright but understandably choose not to. Can my parents still…
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Re-mortgage to go to university
Hello, I've received an offer for a place at university but it doesn't look like I can get a student loan. I need to raise roughly £15000 a year for three years. We have £40,000 of hard saved cash in the bank to pay for repairs and renovations. One option could be to re-mortgage but I have no experience of this. I suppose…
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Moving house - additional borrowing and 2 mortgages
Hi, I'm looking to move this year which would require porting my mortgage (currently has an ERC until March 2015) and borrowing additional money. I've spoken to my lender and this should all be possible, except the additional borrowing would be at one of their current rates and I understand this means I'll have two…
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Will I ever get a mortgage?
I plan to buy a house in 2017 once I've saved a big enough deposit and the only default drops off my credit file (or so I thought) Is there a chance this default will remain around forever and prevent me *ever* buying a house? I was told after 6 years of blameless borrowing (which I will have then, always pay off one…
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Removing Name from Mortgage - told impossible by my solicitor
I am hoping someone may be able to offer opinion or advice on this matter. I have a joint mortgage with an ex husband. He remained in the house following our divorce which was about 5 years ago now. At the point of separation he covered the mortgage and has done since. In our settlement, part of the deal (as advised by my…
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Complete newbie ... whats my chances
Im new to the mortgage world, I live with my partner in her house which she has a mortgage. we have lived together for 8-9 years and would like a bigger house. we have apprix 30k in equity in the house. She has good credit, but in the past i have had some debts and ccj's I have paid all these back and now all of the ccj's…
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Transfer of equity
Split up with my ex in may, have agreed a 5k payout to me for the equity thats in the house and currently still waiting for him to get the money together. Went to see the mortgage advisor in halifax back in june to ask about taking my name off the mortgage and he said we would need to agree a settlement figure to me which…
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HELP - Joint Mortgage Application
First time using this site and would appreciate any advice on the following situation; My girlfriend and I wanted to apply for a joint mortgage, at the initial stage the bank told me that the application could continue, but they had identified I have a default on my credit file that will not expire until Oct 2015 and to…
