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Endowment and FSO complaint
I took out an endowment in 1994 and it matures next April.. When I took it out I asked my financial advisor for a quote for an endowment and a repayment mortgage quote.. The endowment appeared to be better value so I signed up for it.. It's with standard life and is £84 per month... As soon as I signed for it the financial…
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Equity Release Question
Hi Hoping someone might be able to advise. A relative's mortgage was due to be paid off at the end of December (75 years old), it was an interest only mortgage, no money to pay it off. Relative is looking at Equity Release but has been told by equity release company the valuation has to be on the whole house, but the…
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Parents gifting deposit and living in property
I am currently going through a mortgage application with Virgin Money as the sole applicant. My parents are gifting me £280k from sale of a property (not their main home). They aren't expecting me to pay it back or have legal interest in the property. However the gifted deposit form my parents have to sign asks whether at…
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Mortgages to buy parents a house to live in
Hi. My parents are currently private renting but are struggling financially and my father healthwise. They are in early 60's where my father is retired, claiming pip, and my mother is still working full time. Myself and my wife want to buy a 2nd property near to us, for them to live in - to help and as a long term…
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adding someone to an existing mortgage
Hi was wondering if anyone could give us a bit of advice, my partner currently has a nationwide mortgage I have been living here and paying in to the mortgage for around 6 years now and we want to add me to the mortgage, I have a good credit rating is this something that would be fairly straight forward? he has a really…
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Offset or not. That is the question
I'm looking to remortgage and considering the following two mortgages: Borrowing £120,000 1.64% for 10 years (1.7% APRC) or 1.84% for 10 years offset mortgage (2% APRC) Both have the same terms and conditions (unlimited over payments etc) and fees of £999. As I'm a freelance contractor working through my own limited…
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End of mortgage / endowment not due yet
Hi, I'm new, so please be kind! Yesterday we recieved a letter from the bank to say our mortgage ends the end of this month. Foolishly, we thought it ended in Jusy at the same time as our endowment matures. There will be enough in the endowment fund to cover the outstanding mortgage,, but we don't have that kind of money…
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Advice on remortgaging
I have always been thankful for the huge amount of advice available on these forums, and I would be grateful for one specific to my circumstances. I am on a five year fix mortgage which expires in May 2018. At the point of taking out the mortgage, my LTV was about 85%, but since then, the sudden increase in house value has…
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Release Equity from house
Evening all, quick story, keep it simple: An opputunity to purchase a commercial property has come up for a well established business we allready run. The bank has issued an AIP based on secureing a 35% deposit. We are short on the depoist, is the potential to re-morgage the house top release quity for such an endevour?…
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Aldermore Mortgage
Hi, I am in the process of purchasing a property and was advised by my lawyer that completion would take place last week. Hence I asked the seller if we could start moving in as i ah e a small child and need everything set before we move in. The seller was happy to give us the keys and we subsequently moved our property…
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Pay extra to mortgage or open s & s ISA?
Hi wee bit advice needed, I was thinking of opening a stocks and shares ISA but I have just realised if I put the £1200 a year into my mortgage I should pay it off in 5 year rather than 6. What would you guys advise. I have a balance of circa £38000 on the mortgage and I pay £496 per month then overpay another £100 per…
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No valuation required?
We are in the process of buying a house, and we went through the mortgage application this morning. One thing which took me by surprise was that the lender (Barclays) doesn't require a valuation of the property! The advisor said that they were happy with the price offered. Is this normal? I thought all mortgages would have…
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28 days to exchange on new build that isn’t even built yet
Hi, after some advice please. We’ve seen a new build that we’re interested in under the HTB scheme. The sales team have advised the following and I’m not sure if it’s correct info: We have to use their mortgage advisor They can’t offer cash incentives on HTB We have to put the deposit down then exchange within 28 days (on…
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Moving home with a mortgage How does it all work
Right, my family is getting bigger so I need a bigger property. I currently have a 3 bed house worth around £100,000. I owe around £65,000. Iv seen a house I want to view and hopefully put a bid on, but I’m totally clueless on how it all works. Could anyone give me some info as to what I can and can’t do please. I’m not in…
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Question about old debt and mortgage
Hi all Through various life issues (divorce, housing market, stupid decisions ... mainly stupid decisions) my second husband and I found ourselves in a lot of debt £90k plus. We have worked hard to pay it off by ourselves and two years ago became completely debt free and have stayed that way since. We have two cars paid…
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Help: income and first buy
Hello all My partner and I are looking to buy a house this year. I have an income of 24500 but my partner has an income of 9000. We will have a deposit of 27000. When doing how much can I borrow it says we will only be able to get a properly of 160k where as we are homing nearer 200k. Were not extravagente spenders so will…
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Right to Buy Questions about Mortgages
Hi, I am currently living in a property with my mother, it is a council house in which we are looking at buying. I am currently not on the tenancy but I have lived here for the same amount of time as my mother (over 20 years). I am 25 now and we are looking to buy the house through Right to Buy... My mothers plans is…
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Self employed looking for a first time mortgage
Hi, I just looking for some clarification at where I stand as regards to my self employed income and to getting a first time mortgage (help to buy). I will be coming up to my 2nd year of accounts with first year revenue of £24000 (keep it simple) and second year £26000. However, when filing for self assessment I have…
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Can I be removed from my mortgage? (Very unusual circumstances)
Hello and thank you in advance. I am in need of some advice on possible outcomes to the unfortunate situation I find myself in. I'll try and keep it simple but it is very complicated. My relationship with my partner (not married) has been breaking down over the course of 3 or 4 years. We jointly own a lovely property…
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Opinion from a broker
Hi, I've been on the forum for ages but haven't ever signed up, me and partner got a AIP through a broker from a well known BS last week. We had a hard check done (might give an indication who it was from) which went to the underwriters first. On to my query, my broker has got us the AIP with a 95% LTV. The AIP is valid…
