When will the mortgage payments stop….??? I have been told any time from 28 days …to 12 months!
Thanks Andrea B! Are there any circumstances in which that 4 weeks would be extended, working less than 16 hours a week or claiming hard or exceptional hardship perhaps? . Is it at all possible it would be for 12 months?!. My partners ex has stopped paying her half of the joint mortgage on the grounds of the payments being made for the next year by MIRO…he just found out its 7 months in arrears! All answers gratefully accepted..!!!

I earn a good salary but cannot save for significant items due to the debt. Do I go for an IVA or do I keep on swimming

can my bank charge me for putting my payments back a few days ie from 1st of month to the 4th

Do you think they’ll let me off paying my rent for a year or two aswell?

Don’t they think that we’d all be homeowners if we could bloody well afford it?

im current with birmingham midshires

single parent with 1 child of 11 yrs

Not huge debts, but I have a few credit cards that I’ve been stuck with to pay after my divorce. Is there such a thing as a mortgage that I can add these to so I only have a (slightly higher) mortgage payment to pay each month instead of a mortgage payment AND credit card payments?
I don’t currently have a mortgage, I rent where I live at the moment (£600 a month) and my deposit would be very small (again, thanks to the divorce court handing everything to my ex-wife).

You took out a 30-year mortgage (monthly payments) for £130,000 at 8.90% and payment number 35 is due today. You are deciding whether you should refinance the outstanding principal by borrowing at today’s lower rate of 6.70% an amount that just pays off the old loan. The new loan is for 30 years as of today. The total fees for getting the new loan equal 3.1% of the borrowed principal, and you will pay the fees today with funds from your savings account.
Precisely describe how the refinancing decision changes your cash flows.

Say you also put 120 000 deposit how much would you see of that back

Is it true that the Department for Work and Pensions may help unemployed people with their mortgage payments after being out of work for 13 weeks.

Can anyone help?

Where do I find out?

Hi i know i will depend on allot of things but as a rough guide only what would the deposit of 10% on 139,000 and after putting down that deposit what would i expect to be paying each month.

We have recently applied for a mortgage of £100,000 which monlthly payments are £693 fixed rate for 3 years. This is based on a 100% mortgage and the fact that we both have bad credit, it does not include building and content insurnace of life cover etc? Is this a good deal anyway?
We think that it is as we have been searching for a mortgage for a few months and due to the adverse credit haven’t been getting a brilliant quote the max we could get before was £85,000 for £625 a month.
I don’t mean to should think, but when taking out separate building and content insurnace etc do you start to do that when you get the completion date? Will the estate agents a house you like is with will accept if you don’t have it yet but you do have your mortgage in place? - hope that bit makes sense!

Im doing my self assessment tax return and I can claim back the interest portion of the mortgage payments i have made on a house that i rent out. but i cant find out how to do it. any help would be appreciated.

I have a joint mortgage with a friend who now want to leave. We have £60K worth of equity in our property and our mortgage left to pay is virtually as it was when we bought the house four years ago, less about £2K (total still to pay is £60K). Does this mean that I would have to pay half of the equity plus all of the mortgage payments if I wanted to keep the house? That would mean £30K in equity and all the mortgage payments to retirement (virtually double the 60K mortgage by the time retirement comes along!)??
It just seems a great cost to keep the house and my friend, although walking away from the house, would be taking £30K…if of course I had that kind of money!

Hi,
I am looking at renting out my property for a year or two whilst things settle and renting a new property whilst living away.

I understand that you pay tax (at 40% as already have a job) on any amount that is deemed profit once you have allowed for mortgage, agents, upkeep etc

What I am not sure of is that we are taking a mortgage "holiday" atm from our lenders. As such we are not making any mortgage payments although the interest still builds up. Do we still allow for the interests part of the mortgage payments? Would it be more prudent to start paying the interest amount of the mortgage payment to our lendder again to avoid getting a hefty tax bill at the end of the year?

How do I calculate the interest portion of our monthly payments? I do know that about 70% of our yearly payments are interest and the rest actually pays thte mortgage - based on last mortgage statement.

Hope this makes at least SOME sense :O)

Thanks

While other kinds of mortgage payments have dropped in line with the interest rate, a fixed rate stays the same. Does this mean that whilst the payments are much higher, the amount of capital paid off each month is more. (its a capital & interest type)

Problem is, I have a new mortgage with Nationwide and the first payment is due on the 1st. I have transferred the funds from my lloyds tsb account into our joint nationwide account (where the money is coming from) but it hasnt cleared?
Hi Guys, thanks for all your answers.
As additional info, I did a transfer via internet banking from my lloyds account to my Nationwide. The money has left my lloyds account but it is not as yet showing in my Nationwide account!

What percentage (%) of your monthly household salary is taken up by your monthly mortgage payment?
A W - please can you clarify the mortgage not more than twice what now?

We have been married six years. I bought my flat in 1997, before we got together in 1999. He has been registered as living at the flat since late 2001, so that it was easier to get married in January 2002. He works in construction so had previously worked away. He moved in around May 2005. He has never made a mortgage payment as he has a house mortgage he pays in the northeast of England, where he comes from. I have contributed to that but that doesn’t interest me. I can walk away from the house and all its contents. Can I legally make my husband leave the flat I am paying the mortgage on? How do I do it? He verbally abuses me and has broken things in the flat; he spits at me (to save hitting me, he says) and gets right up in my face, so that I am scared of him at times. He drinks at any opportunity and then does nothing in the house. I am fed up and need to lead a separate life, but he wont go! Please tell me what I can do. Thanks.

I run my buisness from home, although im allowed to deduct 10% from my gas/elec and council tax payments as expences what about the mortgage payment? We currently pay £850 interest p/month, getting the business to pay 10% of this would be great. Can I?

I’d be really interested from input from anyone who’se been through this or has worked for a council

If someone is unable to make their mortgage payments and their home is repossessed, making them homeless they will not iautomatically get help from the council in being rehomed as sometimes the council will say its their fault they got repossessed and so they are "intentionally" homeless.

What are the councils’ criteria for deciding this. The "law" apparently says a couple need £90 a week to live on. Do they decide that if you have more than £90 a week that you could have "afforded" the repayments (even if the repayments are £120 a week!)? What sort of imcome are you expected to have before the decide that you didn’t make yourself homeless "deliberately"?

is it possible to reduce the amount you pay on your mortgage every month?

My boyfriends house is being repossessed. He owned half of the house, the other half belonging to his friend - who is the reason why it is being repossessed; because he has not kept up with the mortgage payments. He plans to rent for a couple of years, and then apply for another mortgage. Will he be able to get another mortgage?