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Advice needed please guys.
Hi Folks, I previously posted this in the DFW forum but have been advised to post it here. Would welcome some advice.... Hi everyone I am a regular blogger on here but today I am asking for advice for my brother. About four years ago he was made redundant and got himself into a bit of a mess. He hasn't got about 10 late…
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Remortgaging from Precise
Hi, I was hoping someone could point us in the right direction. My wife and I recently got a Precise mortgage in July and we are already thinking of trying to get a new mortgage and wondered if it was a possible and a good idea. Here's some key facts about us: I have a CCJ that will be 6 years old in January (that was the…
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Mortgage maturing help
Hi there, I have a friend who has 9 years left before their mortgage matures but has £200k left to pay due to some ill fortune and defaulting previously on monthly payments. The current mortgage payment is interest only and the bank have said they are not willing to change the mortgage to repayment which means even if my…
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Timing remortgage to avoid ERC
So our 5 year fix ends next year with a fairly big early repayment charge which ends 1/8/15. So we want to avoid that. But we do want to get a new fix sorted ASAP. Currently lender (BOI) says they will send us a new offer around 28 days before the ERC ends. I am not confident we will be offered a good deal to retain us, so…
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Mortgage Brokers
Hi all We've arranged some house viewings in the next couple of weeks, and when I spoke to one agent, she said she'd set us up an appointment with their mortgage advisor, and because she caught me unawares, I agreed. Obviously I've read the horror stories and pitfalls of using agent's in-house advisors, and would rather…
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Halifax turn over times?
HI Guys Anyone dealing with Halifax for a mortgage at the minute? What are their turnover times like at the moment? Any insite would be fantastic. Cheers.
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25/75 Equity Scheme - Mortgage lender questions
Hi, I had a 3 year fixed mortgage with Halifax starting from June2008, it was set at 6.19% borrowing approx £97,000, it has since gone onto the SVR of 3.5% and then 3.99% in recent times. The mortgage was based on a 25% shared equity scheme with the builder (purchase price of £130,000) so they loaned me £32,000 towards the…
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between HSBC v's Coventry building society
Hi I'm first time buyer and new to this forum as well. I'm bit confused about picking up the right mortgage and thought the experience guys could guide me. I need to pick up between HSBC v's Coventry building society. Here are some stats 25yr term HSBC 2yr fixed ~ 2.39% Booking + Val fee =448 Overpayment allowed ~ 20%…
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Mortgage after finishing a DMP
Good Afternoon Everyone, I have recently finished paying of a DMP which I was in due to being made redundant a couple of times and falling behind due to high levels of debt. I also finished paying off a loan to my parents. I have arranged to make some over payments on my student loan so by April I will be debt free and…
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Re-mortgage - any options available?
Hi I've had my mortgage for 9 years with the same company. At the time I applied, my ex-partner defaulted on some payments that were in my name so I couldn't get a high street mortgage. I'm now on an interest only variable 30 year mortgage. When I took it out I was lent up to 4.5 times my salary. I borrowed £84000 which I…
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Is mortgage offer tied to a specific property?
I understand I had to specify property address while applying for mortgage, but once it is approved (but no valuation yet), is it possible to use that for a different property? For example, my seller is too impatient and threatening me to re-market if I can't complete soon (but they don't understand bank will take its own…
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Switching Equity release providers
Hello guys, Is there any way to switch equity release providers? My mothers with Aviva and has a rate of 8.25% so I would like to renegotiate or take out a replacement mortgage. Thanks fir any advice.
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Mortgage Deposit - can it come from a loan in my partner's name?
Hi there :) My partner and I are very close to putting an offer in on a flat - currently deciding between 2. We have been given a mortgage promise from the bank (Lloyds), which is based on it being a joint mortgage. Long story short we do not currently have the full deposit - we had been aiming to raise 5%, as the mortgage…
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What does an AIP look like? How do I know if i have one?
Yes it's a daft question :o We are attempting to port our mortgage from A&L to Santander and last Friday we spent several hours on the phone with a Santander mortgage advisor going through all our details such as affordability and a credit check, etc. The outcome of all this was positive and has now been passed on to the…
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An update, AKA if your mortgage takes a while, don't give up hope . . .
Thought I'd post this as a follow up to a thread I started in June: I can't post links here, but the thread reference is 5006101 - just replace that in the URL. I was looking to tidy up a bit of a mess I'd made. Anyway, upshot is I got the money yesterday, via a Halifax Mortgage, so the story ends well, but . . . I started…
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Mortgage with default
Hi, Couple of questions if anyone has any advice, massively appreciated. I lost my job in 2011 (due to injury-police force) after buying a house on H2B scheme. We really struggled and I ended up getting a default on my student overdraft (it was with RBS who we had our mortgage with and we'd been struggling to pay…
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Morgage Help Needed----Terrible Credit
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Advice please
I have a family member who needs to raise £30000. They own the property that they live in outright. The property has been valued at £265. They are 59 years old and because of this have been told that due to age and no pension. They wouldn't get a mortgage, so reluctantly they are selling the property. Is this right? It…
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LTV question
Our house is valued at £145000 The remaining balance on the mortgage is £110061.43 The current LTV is 75.9% The interest rate is 4.74% We should be paying £723.98 a month (repayment mortgage) We are paying £725 a month. I am aware we can get a cheaper deal if we are 75% LTV or below, how many more £725 monthly payments…
