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Mortgages & endowments

Archives for November 2014

Help - now divorced and want to own marital home
Hi, I wonder if anyone has experience or advice on my situation? Im now divorced and still living in marital home- the mortgage of which is in both myself and my exs names. I pay all mortgage payments solely as i live in the home and ex wants to move on to buy a home. Ive been paying the mortgage payments for over 2 yrs. I…
Advise on unusual mortgage application
So, I have an unusual job. In my job, I pay for a multitude of things on my personal cards, and I am then reimbursed as often as I like. Be that daily, weekly. Etc etc. Sometimes these payments can be in excess of £15k per month. 1 month this year I think it was £34k. However I only earn £2100 net per month. Do you think a…
New Mortgage + Old Mortgage ending- London
I have a 5 year 3.99 fixed from Britannia which will end in 4-5 months. 250k had borrowed 75%;property has appreciated by approx 100k.I will put this on rent and seek consent to let from Britannia..The rent will be 15% more than my installment. I am looking to buy another one to stay and offer has been accepted . One call…
Salary calculation for mortgage.
Hi, first time poster so be gentle! My fianc!e and I have seen a house and we would like to go down the mortgage route. I have read here for months and used many comparison sites where you simply enter a gross salary, deposit amount etc and it works out LTV and monthly costs etc etc. Our situation is a little different…
mortgage for new build northern ireland
Hi Myself and Oh are currently looking at New build property near belfast, 4 bed semi, which won't be ready until about May 2015. Are property is sale agreed for 4th time, others were time wasters. Anyway I am currently pregnant and due to go on leave start February. We have 30k deposit 15%, we have about another 12 -15k…
Overpayments with Nationwide
I've been looking at Nationwide mortgages re overpayments and not sure if I've got this right. It states: "If you overpay by exactly £500, we will reduce your payment from the following month. If you overpay by less than £500, your monthly payment will be reduced at the end of your fixed rate period." So does this mean if…
Occupancy order
Just expanding on another thread I created, I would just like to know where I stand with this.. My ex-partner and I (not married) bought a shared ownership house on a joint mortgage (we jointly own 50% and are joint tenants on the other 50%). After a year, we separated. She moved out and I remained. We had paid everything…
Mortgage Deposit: Borrowed from family, paid back after selling property
Hi, My wife and I would like to move house. This is how we would like to proceed: 1) Buy our new home, and secure a mortgage by putting down a deposit partly from our own savings, and partly by borrowing money from family (parents/grand parents) 2) Sell our existing home within a few months and with the equity in this pay…
First time buyer mortgage... self employed... Advice...
Hi All, I'm still looking to buy my first flat. I've recently been given some money and want to spend most or all of it on buying a flat in London. I've never been able to consider this before as I am self employed freelance and my income has been patchy at best until the last year or so. I have between 150k-200k to put…
BTL 125% Initial rate?
Hi, With a buy to let mortgage does the rent have to cover 125% of the initial mortgage rate or the follow on rate? Cheers, P
Mortgage advisors/Offset mortgages
I heard on the radio (think it was the FT money show) that "people inside the mortgage industry nearly all have offset mortgages" with the comment being that a lot of the great unwashed (ie. clients) don't understand them, are fearful, prefer the simple calculation of chipping away at the principal etc. Is this true?
Mortgage deposit - gift from overseas parents
Hello all I'm about to buy a house :j My mom and dad are non-UK residents and citizens of another country and they will be giving me the deposit of £15k as a gift. The money is in USD and can be transferred in one go. I am a uk-citizen and resident, I work full time and I claim child and working tax credits and have…
HSBC five-year fixed deal for as little as 2.48%
[FONT=&quot]HSBC will launch its lowest ever five-year fixed-rate mortgage at 2.48 per cent. The deal comes with a £999 fee and is available to borrowers with a 40 per cent deposit from Monday.[/FONT] [FONT=&quot]I guess it may not be applicable to vast majority as 40% deposit is quite a big ask! [/FONT]
Halifax Deed Storage charges post paid up mortgage
My 80 years old uncle and aunt , both can' read English, had paid off the mortgage in April'14 and got a statement asking for £129.42 for deed storage. I phoned Halifax who said that my uncle and aunt agreed to deed storage when they took out mortgage. Reading previous Forums I find that Land Registry stery don't require…
my husband won't add me on his deeds! need advice!
Hi everyone I just wondered if you can give me some advice as I am not sure what to think! Basically my hubby is from abroad and owns an apartment in his home country. He's moved to the UK and been living for with me for here for the last few years. We have a house together here and my mum gave us money for the deposit. We…
deceased husband s mortgage
My husband died over five years ago the mortgage account was solely in his name and there was no life cover. Topaz plc would not allow me to register my name at the land registry as owner of the house as inherited by me via a will. However they allowed me to continue to make payments on the account. Due to personal…
Single application, spouse bankrupt
Hello, Any advice welcome. Thanks
Mortgage Overpaying
I made a £5,000 lump sum overpayment recently. When I said that I wanted to also reduce the term, I was told I would have to call Halifax Mortgages and go through a review. I did this and it transpired that, because my job is temporary, I'm not allowed to reduce the term (or monthly payments). So I'm struggling to…
Buy to Let/ Company Director
Hi Guys and Girls, In anticipation, thanks for any help. I am a bit stuck for information at the moment. Long and short of situation is that we(wife and I) want to convert current mortgage to buy to let, take out some equity and use that as deposit on another house. I am not sure of the % i need to have/leave in buy to let…
Loan before remortgage
Hi Just wondering if I was to get a loan to consolidate credit card debts about £7k to ensure its a set payment and ensure its paid back in a certain time frame. How long would you leave it before starting a remortgage? We should hit 65% ltv March/April time and we were looking to remortgage then and borrow about £20k…

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