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VAT charges on endowment compensation
I have recently been awarded £4000 compensation for a mis-sold endowment policy. I currently do not work due to ill health so am able to reclaim the tax. Ive already posted the certificate of tax payment provided by the company who missold the policy. As part of the agreement i pay 33% of my claim award to the claim…
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Removing ex-partners name from mortgage
Hello, I am after a bit of advice. I divorced from my wife in 2010, which given other circumstances left us both in a financial predicament. I stayed in the marital home, which is in negative equity at present (house value £215k, mortagage £225k) She went bankrupt, but I decided to battle through but ended up with a bad…
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Interest only? Bridging loans? Insurance? Other solutions?
Hello all, would be interested in some quick advice. My partner and I own a property which is currently rented out, and we ourselves rent somewhere else. We've recently exchanged on a new build and we want to consolidate everything, as have no wish to start a property portfolio! So the place we own needs to be sold to go…
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Mortgages while self employed
Hi all, I'm looking for a bit of advice to see if there's any options worth pursuing further. I purchased a house nearly 3 years ago (on my own) with a mortgage through Barclays / Woolwich. Since then, my partner has moved in and we've recently got married. We'd really like to move to somewhere bigger. However, I've also…
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How does your mortgage co do a valuation on a new build -exchange 28 days from res
I have a reserved a Taylor Whimpey new build few weeks back. TW say they require exchange within 28 days from reservation, but when I had an appointment with my mortgage company they said they don't give the mortgage offer until they have done the valuation. House should in theory be finished by Dec 2015, build in progress…
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When does mortgage payment get applied to account ?
I have mortgage with nationwide and also current account, I've recently noticed that the payment (which nationwide take via internal transfer) doesn't get applied to my account on the same day. Payment taken out of my account yesterday but still not applied today ! Probably nothing I can do about it, but it can't be…
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Divorce - Mortgage deposit question
Hello, Hope someone might be able to help. Myself and wife are going through selling the house before we divorce. She put in 60k as deposit when we bought it for 300k. We are due to sell for 400k. Thus a 25% profit. She has stated that she is entitled to 25% share of the 60k (15k) and then we split the rest 50/50. I cannot…
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Mortgage Overpayments
My mortgage provider states the following, regarding overpayments: Overpayments of up to £499.99 will be applied to your mortgage account on the day of receipt. This will reduce your balance and we will recalculate your interest in line with your account terms and conditions, your monthly repayments will remain the same.…
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Porting a Nationwide Mortgage
Any help or advice would be very welcome; I am porting my mortgage from my old property to my new (because I cannot afford the £4000+ fee to leave my fixed rate mortgage early). I had to have a new mortgage offer which I applied for and received months ago. However, my mortgage consultant added a completely incorrect…
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Best ReMorgage with bad credit score
Hi every one , due to matters out of my control I need to re morgage my home. I have been left with credit score of 555 but no ccj . I would need approx. 120,000 on a house worth 180,000. Please can some one give me some good news :) Thanks
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Overpayment
Hello, I'm going to be checking with my bank anyway but just wondered... I'm trying to overpay by the max amount possible for this year as one payment. My mortgage started on 10th April 2014 so I'm taking that as the anniversary date. I've added up all of the overpayments made so far this year from 10th April 2015 onwards…
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Mortgage advice please.
Over the weekend we applied for an agreement in principle with Halifax and were offered 134,800. We were quite surprised as we were expecting 155,000 or above as per the calculator. After speaking with Halifax they revised the amount to 146,000 after removing my wife as a dependent. I was hoping MSE could clarify a few…
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Help/Advice - Buying Property from Parent
Hello, I'm looking at trying to get some advice on a complicated situation. I will try to keep things short and simple. Current Situation Myself and my partner are living in her father’s house. The house has no mortgage and we pay him a small amount of money each month as rent (verbal agreement). Her father has never lived…
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Mortgage after DMP
Hi, We have recently paid off a DMP with defaults showing at 4 years old, with no other debts at all. We are now in well paid jobs and have a deposit of £50k to buy a house and are looking to get the best house possible so that we can have this family house "for life". I have looked on the internet and am struggling to get…
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BTL repossession
Hi I have seen a property i would like as a BTL. However when i called a mortgage advisor he said i had three problems why i couldnt buy it. First one being i only earn 22k a year (plus 4800 from another rented property with no mortgage) Second being as its a repo the owner hasent owned it 6 months Third being the purchase…
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Aldermore DIP
I have got a DIP off Aldermore and the full app went in about 10 days ago, they have asked for a pay slip dated July and a report for damp that was picked up on the valuation, all documents have now gone back to them. What is the timescale from here and will all the checks be done by this point. Feels like such a long…
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Been advised to Post in here rather than Loans, anyone got any ideas please?
Home Extension Options??? 29th Sep 15 at 10:31 PM #1 I'm hoping for some good money advice - my head hurts from googling every evening! I've been offered an advance on my mortgage - 25k at 2.69% fixed for two years and to lump it in with my outstanding loan - 89k - I was previously on 6.49%, so affordability should not be…
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Endowment Policy is this PPI?
I had an endowment policy with a mortgage which has not matured at the target/anticipated level. Does this qualify as a PPI claim?
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Taking ex off the mortgage
Hi I am wanting to take my ex off the mortgage, we split over 3 years ago and I don't ant to sell property just yet. I have paid for it all since we split. I know you can get a guarantor to sort this out, but do they have to working. My dad is a possibility, he is retired and owns his own house outright and has a pension…
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Help! Mortgage company requiring additional damp and timber specialist survey
Hi, I am ready to explode trying to deal with my mortgage company who won't listen to reason. We had our own independent survey done (for peace of mind) which revealed localised minor damp problems which would be easily dealt with by improving ventilation. We then had our valuation survey done with the mortgage company…
