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Mortgage question-help!
Cut a long story short... Got a 100% mortgage with an unsecured loan around 7 years ago with my now ex partner. Me ex partner was born with surname -Smith, his mum remarried and brought him up as Jones but never officially changed his name. His passport, driving licence and birth certificate was in Smith, everything else…
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Mortgage advice - Need options
Hi I have a friend whos mortgage needs to be payed in full in 2016. She is about 60 and is worried about having to sell the house to pay the mortgage company. She is keeping up with payments and its an interest only mortgage but she never took anything along side it to actually pay it off one day. What are her options ?…
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Mortgage query - leaving work
Hello all, Me and my partner have had a mortgage for 5 years now (in my partners name solely) and recently moved home keeping the same mortgage provider. When we first got the mortgage 5 years ago we had a variable rate and ended up with paying 6.6% upwards whilst paying just under £1000 a month on a mortgage of £120000.…
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moving home???
I'm looking for some helpful advice please. We're looking to move to a slightly bigger house. Our house has been valued at 134995, so looking at what sold on our road, I'd like to think we'd get 130000. We owe £86000 and the house we've spotted is on for £130000 but is empty and I reckon we could get for £127000 ish. We do…
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Redemption figures and remortgaging
I was wondering if you could advise? I remortgaged for the first time in Jan 2011. I was looking through the paperwork and noticed that the redemption figure from Your Conveyancer was dated for Jan 2010. Should the redemption figure be closer to Jan 2011? If this is wrong what can I do about it? This is for a property in…
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Remortgage questions
Bit of a generic question as I don't have a specific lender in mind.... When I apply for remortgage, shall be assessed in similar manner like initial mortgage? I mean will they check my income, valuation of property, credit rating etc.? Do I need solicitor too?
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how do i remortgage to pay off co-owner?
I currently live with my partner in our flat, which was bought 2 years ago. We are separating and I want to finance the separation, preferably without selling the flat. The mortgage is in my name only and I contributed £145,000 plus have been paying all mortgage and all bills except water and half council tax. My partner…
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Consent to Let with Nationwide - Rate dropped
Anyone else with consent to let with Nationwide and paying the 1.5% extra have a letter recently? Currently have a mortgage with them we took out back in 2002 that is now sat on their BMR of 2.5% for many years, which we have been renting for 6 years and paying the extra 1.5% since March last year, so rate of 4%. Got a…
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Breach of T&Cs, where do I stand???
Hi Here's the story Split with the ex, I moved out she stayed at the house But I believe she has moved out and is now renting the property privately to her sister, (proof available) this is against the terms and conditions of our mortgage and was done without my knowledge also. She's dragging out taking the mortgage on her…
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How does credit card debt affect mortgages
We are looking at our finances with a view to re-mortgaging next year. Can anyone tell me how the lenders generally view credit card debt? Is it just a case of reducing the amount they will lend or do they consider too much as a reason to decline, or maybe it's a bit of both? A few figures - House value £280k Current…
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Mortgage / Collateral / First time buyer Help!
Hi all, Was hoping for a bit of advice or ideas as I am a first time buyer and things are complicated and don't really know where to start.. Next year I am going to buy two houses from my father. One is a holiday house worth approx. £200k and the other is a cottage which we are going to stay in while letting the other on…
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Why use a broker for insurance?
Hi We are about to sort our life insurance out as we complete on friday. I know you can sort this yourself online but wondered what the pros were to use a broker for us?
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Want to re-mortgage but there's a twist......
Hi I want to re-mortgage but in my current situation it is not so straight forward and I am hoping someone may have an answer/advice - Background info on myself and situation; 36yrs old. Male. Living with my partner Amanda in the midlands area of the UK. 1 child currently 8wks old. Self-employed but have recently dissolved…
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Re-Mortgaging advice
Hi MSE Friends I’m thinking ahead but asking for a bit of advice. I purchased a house 6 months ago for £127,500 on a 35 year mortgage(2 yr fixed) with 10%. The house needed a complete modernisation and we have done the majority of it, new boiler, re-wiring, new & bigger bathroom, wallpapered and carpeted upstairs, laminate…
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Mortgage Adviser
Is there a link anywhere on this site for mortgage adviser recommendations? All of the ones I seem to get through a Google search seem to be based in estate agents offices, which rightly or wrongly puts me off. Based between Nottingham and Derby if anybody has a recommendation. Thanks.
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first time buyer considering a buy to let rather than own property
hoping to get some advice on if this is feasible or something i shouldn't be doing Facts we live in a high cost area for properties - portsmouth We don't earn enough to buy a property on the open market particularly as lots of lenders won't count tax credits We earn just over £19000 annually and then tax credit and child…
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repayment of capital on an interest only mortgage
We have an interest only mortgage and was wondering if we pay more than the monthly interest payment, can we insist that the mortgage company deduct that extra amount from the capital and not use it for the following months interest payment ie reducing the interest payable each month and therefore reducing the capital owed…
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Proof of benefits - but don't have them YET!
Hi, My wife and I are separating and are selling our house. She has found another house she wants to buy in the village, so the kids can carry on at the same school. She's a relatively low earner, but I'm quite a high earner so as a family we don't get any benefits. She has a mortgage agreed in principle, but before she…
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Does lender need to explain decision to decline?
Hi, I recently applied for a mortgage by Nationwide and passed the 1st (decision in principle) and 2nd (approval subject to underwriters) credit checks. I then explained to them that last summer I had a card delivered to a my ex boyfriends house and this could be on my bank address history. They ran a 3rd check on me at…
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Mortgages and adverse credit-question for mortgage advisers
Hi I have some adverse credit on my credit file due to paying my debts through A DMP plan with StepChange (CCCS), I started it in Nov 2009 and repaid the last creditor in May this year. I have 5 defaults on my account in total ranging from 4.5 to 2.11 years old, Barclay Card didn't apply a default but added a 6 when I…
