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Mortgages for Auction property
Hello. I already have a mortgage on my home but not much equity....but I want to buy a property at auction to do up and sell on....I need a mortgage for this...can anyone suggest a lender and will already having a mortgage be counted against me...I would put down a 10% deposit...do any lenders not like auction…
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BTL mortgage - Base + 0.49% for life?
All, I overheard a conversation recently about some bank doing a BTL mortgage for Base Rate + 0.49% for the life of the term, and I didn't hear which bank the two people were talking about - I didn't know either of them so didn't want to intrude. Does anyone here know which bank it is? Thanks and regards. P
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Getting a mortgage with bad credit
Help! I am just about to start searching for a new mortgage with my boyfriend, I have a mortgage at the moment and selling my current property to buy with my fella and will have a large(ish) deposit from the sale of my house which will be used for whatever we buy. The problem is that I have fallen behind on a number of…
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First Direct Mortgage
Hello, Anyone know of any brokers who can get a discount off the advertised First Direct morgtage rates? Thanks in advance. nigelm
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Can I live in my own BTL?
I currently own 2 houses: 1 BTL and 1 with a residential mortgage. Since I'm having difficulty to rent out the BTL but could easily find a tenant for the other, does anything speak against just swapping house and not remortgaging both of them? So I would live in my BTL and rent out my other house? Both are roughly of same…
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Removing parents from mortgage..?
Hi guys Here’s a question for you - sorry if it's long! When I moved out of home, my parents kindly helped me get the mortgage I require by becoming joint mortgage holders. I couldn’t take the mortgage on getting the multiple I required with the lender I wanted because they only went up to x 3.5. Anyway, having paid a big…
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offset/non offset
i know this discussion has been going for a while,i am remortgaging in oct 2006 need to borrow 160k with ltv of 58% best offest rate offered is stepped tracker thru l&c with average rate of 4.97% over 3 years(variable) with a fees of 398£ is there a way to calculate cost over 3 yrs as i will need to pay halifax around 200£…
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Nationwide Changes it's ERP's. Check your quotes !!
LENDING CRITERIA NEWS 11 July 2006 From 13 July 2006 Nationwide is simplifying its early repayment charges In summary The early repayment charges for Nationwide's fixed rate and tracker rate products are changing. From 13 July 2006 a flat percentage of the entire overpayment amount will be charged across the deal period.…
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Advice on additional borrowing
Hiya, Grateful for any advice on additional borrowing, my husband and I are thinking of selling our 2 bedroom flat as we're thinking of starting a family, the currently valued at £145k, we bought it 2 yrs ago at £139k. Having spoken to our mortgage lender briefly we are told that the maximum that they can lend us is £183k…
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Mortgage with new jobs, one temporary
Hello, I am a first time poster (and hopefully, a first time buyer) looking for some advice about mortgages, being completely clueless. I will be starting a new job in September. It is actually with my current employer who I have been with since last September, but it is a permanent contract whereas my previous one was…
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end of time
help with endowment policy everything has been ok all the years. now i have the money of the payout and only including the terminal bonus will it pay the mortage. i rang and all they sad was the money shares go up as well as down . i checked the share of the company and their shares ok to a little drop in the last two…
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Loan to get a 95% mortgage?
Hi, First time buyer here....we've found a house, and various mortgages. Looking at the prices, we've been advised that it might be worth getting a loan to cover 5% of the price (£5450), rather than going for a 100% mortgage? That way the loan amount will be paid off sooner, and obviously the mortgage amount will be lower…
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Endowment Compensation
I have just received an offer from Barclays Bank for mis selling me a 25 year low cost with profits Standard Life Policy endowment policy which started in June 1986 at £53 per month. The offer is a paltry £1,416 and I quote "We have deducted the cost of life insurance.....from this compensatory offer ...bacause we would…
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Three applicants for a mortgage?
Is it possible to have three (unrelated) people jointly applying for a mortgage? If so, does anyone know which banks etc offer these and roughly what sort of multiples they use to establish the borrowing limit?
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Mortgage Advice Please.
good afternoon all. first time poster so please be nice!!!!!!!!! i am seriously thinking about getting a mortgage for the 1st time. previously my work has been very mobile and i have had to relocate more or less every 6 months. however now i have decided that i want 2 settle down. enough rambling - does anyone know of…
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Best type of mortgage?
Hi all, what be the best type of mortgage to opt for?
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BTL or regular mortgage?
My dad and I are considering buying a property, as an investment, and renting it out. My dad owns a house and I live with him and do not own a property myself. We need advice on whether or not to take out a BTL mortgage. The advantages of a BTL mortgage is that we can hopefully rent the property out from day 1, but the…
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Mortgage Interest Calculation, help?
I've just remortaged with Bank Of Scotland and have recieved a confirmation letter with my initial payments. The remortgage went through 04/07/06 and they want to take a payment on the 18/07/06 for £950 which covers the period 04/04/06-31/07/06. Ok I thought so I'm paying for 13 days interest in advance. They they want to…
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Self employed mortgage questions
Hi there, I've been reading the advice on the board for a while now, but find myself in the position of requiring some information. I have gone self employed this month and have started on a contract. Naturally I have no earnings or turnover evidence to produce only the knowledge of the market and the potential rates I can…
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Selling Standard Life Endowment Policy
I've just read this article about surrendering Standard Life Endowments... http://www.surrendalink.co.uk/news/latest/ Is there any risk involved in selling a policy or in just getting a quote? I'm thinking the extra money on top of the shares may be enough to pay of the mortgage. Thanks!…
