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Redundancy and can I remortgage ?
Hi All Wonder whether someone could help me with this one. I suspect (but have not yet been told officially) that I am due to be made redundant some time next month and will get 3 months payment in lieu + redundancy money - not a huge amount. We have a joint repayment mortgage of £173,000 - which was taken out in Jan 2007…
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mortgages, inheritance and epa
I have an outstanding mortgage for ~£50,000 payable over the next 17 years that will cost me £75,000 in total. I have enduring power of attorney over my fathers’ affairs that is registered with the court of protection, he is 94 and is suffering from advanced Alzheimer’s disease, I stand to inherit my fathers estate…
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New House
My husband has just got a new job & we need to move a bit closer to where he wil be working. We bought a flat (in my name, as a first time buyer) last year and have a mortgage which was a 2yr fixed rate mortgage. We don't really want to sell the flat, and would like to rent it out. We can afford another mortgage (upto…
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over payments or isa?
hello all! i have a buy-to-let flat that i mortgaged at interest only - i did this so i can pay over payments when i can afford it, or not if times are hard! So far i have been lucky and been able to over pay by £200 /month. effectively making it a repayment mortgage. the flat value has gone up from £125000.00 to approx…
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Mis sold endowment? confused
Hi everyone, I'll try to cut this short, my parents bought a house in 1981 with an endowment policy. They were told that when my dad would reach 65 the interest only mortgage would be paid off in full, hence my dad agreed to this and took out the interest only mortgage. however, when my dad reached 65 there was no sign of…
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Remortgage Advice
Hello, My boyfriend and I bought our first house in November 06. We took out a 2 year fixed term with Nationwide of 4.88% (if only we knew then what we knew now!). Our mortgage was for £147,200 and we paid £165,000 for our house. Our joint income was £34,000 and we had no debts and this was the max Nationwide would lend…
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MPPI - is it worth it?
Our mortgage is in my hubbys name. We were trying to figure out if MPPI was worth getting. The fact is, I pay half the mortgage and I am the highest earner. If I was out of work it would have a massive impact, with him.....not so much. Thing is it's only a relatively small mortgage. Our payments are £378 per month…
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Help!Clueless first time buyer!
:confused: Myself and my partner are buying our first house we have found a house worth £160,000 the company who have just built it have set us up with a 75% mortgage 25% loan we pay the mortgage for £120,000 and £40,000 sits for 10 years intrest free. If the £40,000 hasn't been paid in 10 years we just remortgage and pay…
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Who will give me a mortgage with a sitting tenant
have a property with no mortgage, but I have a sitting tenant who pays me £266 per month. I have been told the property is worth £110k with the sitting tenant and £175k without. I would like to raise £50k to use as deposits on further buy to lets - but I am not sure which lenders will lend. Anybody have any clues?…
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Missold Life Insurance to be granted Mortgage?
Hello, I wonder if anyone can help me. I was offered a mortgage by BOI in Dec 1995 but with the caveat that I had to take out life insurance. I paid this for 5 years until I was advised that as I had a mortgage of 78k and 10k deposit when I bought the property that the sale of the property at any time during the life of…
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Buy to let help
Hi, I'm having trouble selling my flat & have missived on a new property. I am considering changing the mortgage on the current flat to a buy to let to avoid selling in this market -can anyone help me find a deal that would work for me? New purchase price £280k Current flat value in region of £160k with £50 equity in it. I…
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Advice on Mortgages and Best Deals out there?
Hi there, My situation is this: I am awaiting completion of a new build property in November, purchase price £212,000 - deposit paid £22,000. Mortgage required 90% (£190,000). I'd like to get the ball rolling with a 6 month mortgage offer and have been looking at a few deals currently on the market i.e. HSBC 2 Year…
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Interest Rates?
Do you think the mortgage payment interest rates will go down again soon?
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FTB 75% mortgage advice
Hi, My partner and i are looking for a little advice. We live in the South East and have seen some offers from nearby new build sites for us to own 100% of the property and pay 75% of the price. The other 25% would be payable upon sale or after 10 years, as 25% of the current value. What we can't work out is whether this…
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Help Coming To The End Of My Fixed Rate ,what Now ?
Hi Everyone Hope You Can Give Me Some Advice . Me And My Wife Are Coming To The End Of Our Fixed Rate Of 4.79% With Cheltenham And Glos At The End Of September. What Is Our Next Step We Are In A Good Position In That The House Is Worth Around 200,000 And The Mortgage Is For 118000 But Its Still Over 25 Years. Advice Would…
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endowment help
Please could someone help, my husband had an endowment policy 10 years ago with an ex girlfriend who he no longer knows where she lives the company have told him he cannot cash it in without her signature, I was wondering if any one knows a way round this, she only lived with him for 3 months after taking the endowment.…
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Valuations affecting remortgage
Hi Everyone, I'm remortgaging and was wondering what experience people had in terms of what valuations were given on their homes related to their expectations of the value of their house? Have valuers knocked down and if so, by how much? We bought our house for £190,500 in October 2006, we've been up for sale since last…
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How safe is an offset mortgage account?
Hi, I don't know if someone out there might help me with this little dilemma. My father recently died leaving me an inheritamce of almost exactly the same as my mortgage (£120k). Anticipating this I recently changed my mortgage to a good deal that one of the smaller building societies was offering. Part of the deal was an…
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mortgage virgin...worried...need advice!
I bought my first house almost two years ago now and I have a fixed rate mortgage for a two year term. The cost was £125,000 and it is now worth around £135,000. I have a professional persons mortgage (I am a teacher)with Scottish Widdows. It is solely in my name. I am worried that when I go to remortgage in November that…
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How safe is an offset mortgage account?
Hi, I don't know if someone out there might help me with this little dilemma. My father recently died leaving me an inheritamce of almost exactly the same as my mortgage (£120k). Anticipating this I recently changed my mortgage to a good deal that one of the smaller building societies was offering. Part of the deal was an…