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Title Deed Single but Mortgage is on Joint
I purchased my flat in London in 2004 on my name singly with a mortgage from Halifax. Later after marriage, I have remortgaged the property with joint applicants (me & my wife) in 2007. This was updated in Land Registry. Now that I wanted to sell the property, my wife declines to sign. Is this property still on my name…
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Joint or single application?
Hi, Would be very grateful for any advice anyone can give on our situation - before starting our house hunting we applied for a decision in principle from HSBC, which came back at around £110k (more than we expected/asked for). We later had an offer accepted on a house for £150k, and were willing to put down up to £65k…
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NRAM repay to interest
good afternoon I had a normal repayment mortgage and after 10 years I couldnt aford the repayments so asked to switch to interest only (my wife lost her job through ill health). I have 8 years left and am looking to make overpayments but what happened to the capital repayment portion of my repayment mortgage for the first…
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How can I release the equity from my property
I own a property, however my parents loaned me a substantial deposit - LTV 51%. The property has increased in value and I would now like take out the equity and leave 15% of property value in the property so that I can return their deposit and profit. I have spoken with my bank and they will not allow me to withdraw equity…
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Joint Mortgage and Another Person Living in The Home
MY husband, Dad and I have our houses up for sale, his is sold STC, ours still on the market. We have a property that we have put an offer in for. The person buying my Dad's house is a cash buyer and, if ours were to be sold, we would not need to borrow any money to purchase the new house. However, ours is proving to be a…
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Is the valuation the last hurdle??
So.... We used a mortgage broker who applied for a mortgage with Aldermore. All the paperwork was sent etc, valuation carried out and came back fine BUT the property we are buying is an ex council and the mortgage broker had failed to tell us Aldermore don't lend for ex council properties! We thought it was all over and…
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Buying house from parents. Deposit question.
Hi all, We are looking to buy my parents’ house off them– they currently rent it out but now want to get rid of it and it is a perfect fit for us….nice size, close to work etc… We currently have approx. £10,000 in equity on our current property that we will sell. We have an ok to good credit report. My parents’ house is…
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Second Charge On Mortgage
A close family member is and has been unable to work for a while, though they are now well on the road to recovery and expected to get back to normal by the New Year. Meanwhile, she's in serious trouble with her mortgage and has asked me for a loan of around £10,000 - around a year's mortgage payments. I'm in the fortunate…
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Fixed mortgage - should we stay or should we go?
Hi wise ones, We've recently come into quite a chunk of money and we are not sure what options are best regarding our mortgage. We have a ten year fixed 5.6% combined repayment and interest only mortgage which runs until July 31 2018. We are allowed to make over payments of 5% of the balance each year. If we wish to repay…
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Anyone heard of a company called Emcash endownment claims company?
I have been contacted out the blue by a company calling itself "Emcash" or "Encash" based in Colchester. The guy seemed very professional and talked me through the process of making a claim. However, I have since tried to find them on the internet but can't. He gave me a website address that does not exist and I cannot…
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Early mortage repayment costs
Hi, new to this so please bare with me but any helpf or advise would be gratefully appreciated. I wondered if anyone had some advise on what rights I have in relation to an old mortagte. Some years back my partner at the time (now wife) had mortage on her own with Northen Rock. Having lived together we decided to sell and…
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Mortgage with defaults???
Hello, Please can anyone advise. Is it possible to obtain a mortgage ( buy to let ) when I have defaults on my credit file. The defaults pertain to credit cards and a loan and are dated 2010/ 2011. Current salary is £38000, current debt £12000 on an RBS loan @ £182.00 a month (no arrears / defaults ). Background is the…
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Taking someone off a mortgage
Hi there has anybody had to take person off a mortgage when its in joint names is it straight forward or does the bank make a fuss out of it currently with NRAM. Thank you
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Should I surrender my endowment to clear my mortgage
We were fortunate enough to buy a house before the price boom so took an interest only mortgage for £37k. Once we were advised of a shortfall we switched to a repayment but kept the endowment as an investment. Over the years we almost doubled that amount with home improvements but now find we owe 30k and have £10k lump sum…
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Remortgaging after arrears
Last year I had arrears on my mortgage following a short period of unemployment. Natwest were told about this change in circumstances straight away and once I was working again I setup a payment plan and paid off the arrears. Because the money was available I paid the arrears off early. Saturday I went in to the Natwest…
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Late payment removed from file, still showing
Hi, I contacted Orange regarding a late payment on my Experian credit report, they kindly said they would have it removed, i checked today and it has gone! I thought i'd see how my experian report compares to equifax but the late payment is still showing on there. will it come off equifax soon? or do i need to ask for it…
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Reducing mortgage term to avoid hitting retirement
Hi, First of all many thanks in advance for any thoughts anyone has re my query. I read this board a lot and have found out so much. I just hope I am not repeating something already posted. My partner and I have a 2 yr fixed mortgage which expires at the end of September 2015. At that point we will have just short of 18…
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Fixed mortgage. 5 or 10 years?
Hoping for some help with figures to make informed decision. Coming to end of 2 year fix. Been offered a range of mortgages with existing lender, Barclay's. Seriously considering both 5 and 10 year fixes @ 3.09% and 3.99%. As existing borrower have no fees to pay on these deals :-) We are looking to borrow £120k over 15…
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Getting out of a joint mortgage
Me and my ex bought a house with a joint mortgage. We split up 2 years ago and I let her buy me out of the property and the deeds were transferred to her name. She now refuses to take me off of the mortgage and has defaulted twice on repayments. She will not talk to me about the mortgage and refuses to take sole…
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Are we mortgage prisoners?
Hi all worried newbie here. Currently have a C & G variable interest only mortgage(guaranteed never to exceed BofE base plus 2%) so now at 2.5%. Outstanding balance £139000 (19yrs remaining) Equity about £120000. We dont have a repayment vehicle instead have been making overpayments within the 10% annual maximum. Our…
