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Negative equity HELP
I am looking for some advice if possible? I have a mortgage with NRAM that I have had for 8 years I currently, owe £62k (monthly payments £345.32) which is secured and £15k unsecured (monthly payments £106.56) I am on the standard variable rate of 4.63% with 31 years remaining on the mortgage. The property is only worth…
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Buy Father in Law house
My father in law has a £100k mortgage on which he has paid £50k but he is struggling to keep up the payments. My wife and I want to pay off the remaining £50k of his mortgage and when done he has agreed to transfer the deeds into our name so that we take over ownership of the property. My father in law has three children…
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Help regarding remortgage when married
Good Afternoon, Please can someone give me some advice? Currently I have a mortgage in my own name. Taken out in 2013 and at the point of re-mortgaging (next November) will have 18 years left. I bought the house whilst I was single but fast forward 3 years, I now have a partner and am due to get married next May. My…
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Getting a mortgage in the South East
Really looking for some good advice here as not sure what to do... I have used the helpful mortgage pages on this site, although I do find most of the examples prices and figures a little out of touch. I live in the South East, close to Stansted Airport and in-between Cambridge (where my partner is a nurse) and London…
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Interest only mortgages
Hi all, My husband and I are remortgaging our house to a Buy To Let mortgage and we would like to have as much flexibility as possible in the next few years. We're therefore thinking about going for an interest only mortgage, at a 3-year discounted rate, but overpaying as though it's a repayment mortgage, and only reducing…
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How can this be legal?
Thank you all for the replies; my question re the legality is because I don't see how he can reasonably be expected to live until he is 113.
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Remortgage & Building Regs
We recently knocked a semi into one house, (for brevity I've described the circumstances below) but are having problems with building regs saying we need to apply for change of use and should have rebuilt the external walls etc and other energy issues. We need to remortgage in 6 months time for a larger house and…
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Best Mortgage Comparison site?
Does anyone know of a site that lets you choose to see and sort by the cost per 1, 2, 3 etc years? totallymoney.com seems to offer the closest thing to what I'm after, letting you see the cheapest over 1 year (the 'monthly payment inc fees' option), 2, 5 or 10 years. I think Moneysupermarket used to offer this, but have…
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Likelihood to get mortgage?
My husband and I have recently separated. I am looking into the Scottish Governments Help to Buy scheme. The property I would like to purchase is £152,000 - I would be able to put down a £10,000 deposit, I could get up to 25% from the help to buy scheme, say £38,000. Therefore I'd need to have a mortgage of £104,000 What…
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Nationwide won't let us extend
Hope this is in the right place. We need to extend our current home but Nationwide won't let us borrow money because it's not financially viable for them. They said we met the affordability criteria but because husband mentioned possibly paying off our mortgage earlier with money from shares (potentially, maybe, one day)…
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2 Fixed Rate Mortgage Products, 2 Different End Dates
We currently have two separate mortgage products with the Principality, and both fixed rates come to an end next year (one in April and the other in October). We'd like to shop around for a new provider and get one mortgage product to keep things simpler, but won't be able to do this until October to avoid exit fees. Is…
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Dealing with parents mortgage debt..
Hi, So I've become aware of a very problematic situation on my parents end and I need to start to figure out what they need to do, namely with their mortgage. I've very recently found out, that their Mortgage term is up in ~3 years and this is an interest only mortgage with a balance of ~£350K outstanding. They don't have…
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NRAM customer with what was known as 125% mortgage. HELP PLEASE
Hi New to the forum hoping someone can help. I've spent hours searching the Internet and found no info on what happens when you want to move house and still have some of the unsecured loan outstanding on a former northern Rock mortgage. Do banks frown upon this outstanding loan? Can they help consolidate the debt into your…
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Mortgage application time
Hi Got a mortgage that went to the underwriters today with all the relevant paperwork that i have sorted myself. The lender is Natwest. How long roughly do you think from experience this may take anyone? I am hoping to get into the home before Xmas as i have 3 weeks off and it would be perfect for getting everything moved…
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Is there a chance of getting a mortgage - our circumstances
Sorry to be a taker already but is there a chance that my family will get a mortgage? I'm full time permanently employed. I live up north so salaries aren't the highest but cost of living is pretty modest. My annual salary is £18800 but is due to go up to £19500 as of January (was thinking of applying for something now…
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Cashing in Endowment one year early - Tax Liability
My endowment policy is due to mature next November (22 years), the targeted figure is 24,000. The Policy was purchased for my first property which I paid off by other means, however I continued with the endowment. I called the policy provider who informed me that should I cash the policy in now, I would receive 23,500. I…
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First time buyer! Help!!
I recently used a broker to sort my mortgage. My mortgage provider had an initial meeting with me where he advised me on what the bank were willing to offer based on my income. I proceeded in finding a home which was below the maximum lending amount. I put in an offer and it was accepted. I have now paid for searches and…
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Interest only mortgage
Hello, I'm hoping someone on here can steer me in the right direction. My partner and I have been together for 20 years and we are now in the process of making our wills. The property that my partner and I own is only in his name and is interest only. it was originally set up like this as I had another property and we…
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Soft Search Loan Eligibility Calculators & Mortgage Applications
Hello, Currently waiting to exchange on the house we are potentially buying (2 weeks till exchange, then complete 2 weeks after that) and have received an email from HSBC regarding their Personal Loan Quote Tool. As previously stated on here, we will be looking to get a new car as soon as we complete, so I would like to…
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Nationwide FTB Mortgage - went a bit silent
Hello My partner and I are currently in the process of applying for the FTB mortgage with Nationwide. But everything's went very quiet since last week and not really heard anything since. I chased with them this morning and it’s been referred – should I be worried? Some Info DIP 30/9 Full Application 3/11 Valuation booked…
