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Company that sold me mortgage no longer trading
Hello, I am legible to to claim for a mis-sold mortgage, however the company, GMAC sold our mortgage several times over the 11 years. We were last with Kent Reliance. Can anyone advise on who would we claim against? Thanks. maggie
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Barclays Mortgage Application On Hold With Audit Team For 11 Day
Just a bit of a back story, have gone through the brokers Habito. Initial mortgage application with Halifax had an incorrect salary (increase was marked as bonus) so they reduced their AIP by £6,000. Habito said not to worry as Barclays are offering a much higher lending rate. Application was submitted with Barclays on…
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Right to buy mortgage
Hi I'm looking to buy my council house with the right to buy scheme, if there are rent arrears and this is payed in full prior to a mortgage application will I get accepted for a mortgage or will the arrears affect my mortgage chances. Thanks hope for a reply to help me with this.
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Two mortgages - which one to overpay?
Hi All, New to the forum and wondering if you can help us. We’ve
just recently moved house and have a mortgage in two parts £100k interest only
and £354k repayment, both with the same interest rate and a term of 25 years. Our intention is to overpay when possible, however I cannot
work out which of the two loans it would…
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Helping son with deposit on first house
I was sure I would see a thread on this but could not find one. Apologies if I have missed one. I want to help my son buy his first house but cant just give him the money for a deposit as it is my only savings. What is the best way - to have joint name on the deeds or to draw up a legal agreement acknowledging the loan?
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Error in lump sum payment
Hi everyone.. I've sent a lump sum payment off to my halifax mortgage..however I didn't sent my mortgage account number with it..any idea what will happen ? Thanks in advance
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Which mortgage providers allow you to split the title deed?
We own an end terrace house with large garden and want to sell half the garden with planning permission. We're aware that we'll have to go through planning, solicitors, land registry and split the title deed. We're currently with Santander who don't allow you to split the deed. As we're not tied into a deal with Santander,…
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Ported Mortgage
Hi Martin, we are coming to the end of our 5 year fixed mortgage. We have a ported mortgage that runs alongside (another 5 year fixed) as both won’t be coming to an end together what would you suggest we do? The redemption fee doesn’t warrant ending early. I have looked online for mortgage rates for the one mortgage (due…
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Santander mortgage and ground rent clause
Hi all, Another question on my property purchase which is still ongoing... We have obtained a deed of variation to the ground rent clause on leasehold flat I am purchasing. The new ground rent clause is now as follows: 125 year lease, 93 years left. Current ground rent = £350p/a (currently 0.1% of property value) Increases…
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Valuation Delaying Mortgage Application
We submitted our Mortgage application a week ago and the lender still hasn't been in touch with the sales office to arrange a valuation. It is a new build house (complete in a couple weeks) on a shared ownership purchase. We have a tight time frame and I'm worried that this delay will result in us waiting weeks more for a…
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Mortgage direct debit returned - Will mortgage company retry again?
Hi,So today I've received a text message informing me that I've had this month's mortgage direct debit (due yesterday) returned because of a lack of funds in my bank account. I'm really kicking myself as I thought I had sufficient funds in my bank account to cover it. It's a Barclays mortgage. My question is will Barclays…
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Is an Index Linked Isa the best way to raise funds to pay Interest Only Mortgage?
I am wondering if I should continue with my mortgage ISA Plan. It is index linked and includes critical life cover- been paying in for 19 years. The fund value is currently £18,000 with £12,000 left to raise. I have 6 years left on my interest only mortgage and, as it stands, about £12,000 left to raise in the fund. The…
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Natwest Application - First time buyer!
So we got our AIP and FULL mortgage application passed on the 11th Feb and it got sent to underwriters. The valuation got booked in on the 13th and is due to happen today (18th Feb 2020). They requested further information yesterday asking about a 350 pound amount on standing order set up to my mum which is for keep, they…
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Separation (not married) - joint mortgage help needed!
So long story short we have now come to the conclusion house is to be sold, however a valuation is yet to be done. Myself and Solicitor do not think value of house will have increased any from when purchased, therefore likely to be minimum equity in the property. My ex partner feels he is due more equity out the property…
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Remortgaging Help to Buy without paying off loan
Hi, We bought a new build in 2018 using the help to buy and had an original 2 year fixed rate that's now coming to an end. We looked at remortgaging to a different lender, as switching to a new deal with our current (Halifax) is still an extra £170 a month. I called Natwest to do an agreement in principle and they advised…
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New home - buying options for 50+ divorcee
Hi, I've searched the site and can't find an obvious answer. I'm recently divorced (age 54) and, after selling our marital home and settling with a line under everything, I've been left around £200k in cash. Small homes on new developments in my area start from around £225k but my income is only around £10k pa so unlikely…
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Is worth to change Mortgage lender?
Hi, I would like to know when is worth to change mortgage lenders. Mi situation is: Amount left: £370,000 over 22 years (lease property) Current lender offer: 1.34% 2 years fix. £999 Fee --> cost over 2 years: : £39,920.24 | amount left after 2 years: £340,685.03 Other lender offer: 1.24% 2 years fix £995 Fee, CHAPS…
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Can I buy a house alone at 36 still and how?
Hi Everyone I am 36 years old, I want to buy a property for around 170-180k, idealy a 3 bedroom semi house. I have a 20k Deposit, I have never had a pension or saved in one other than the government pension where you pay a little every month via salary, I earn around 30k a year Now im sitting here and wondering where I…
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Mortgage in arrears should the lender offer their best rate
I'm currently in arrears with my mortgage due to my husband walking out 2 years ago. I have been to court and a repossession order was granted. The lender has agreed that so long as I pay the actual mortgage plus a percentage of the arrears I can stay in the house until sold. My fixed rate ended last year, the lender has…
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"my" poor credit is stopping us getting a mortgage
My partner and I have been rejected for mortgage. Mortgage broker has said best bet is to reapply again in 6 months. Though due to the issues I have in particular, would this time even make a difference? So, around the age of 18, my mum asked me to take out a virgin media account in my name, but she would pay as she…
