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kaggsy
I want to take out BTL mortgage so that my daughter and one or two others can live in the house (already have one other BTL) but my existing lender has informed me that it is against their company policy to allow immediate family members to be tenants. Is this common for most BTL mortgaage lenders, and if not does anyone…
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mortgage offer for 6 months
Can anyone indicate any lenders that would honour a fixed rate mortgage for 6 months or more? thanks Dave
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Advice please re further advance
At the moment we have a mortgage with A&L for less than 50% of the property value. We are looking to borrow an extra 20k for home improvements in the next few months. My questions are these: Would it be easier/cheaper to just remortgage with another provider (as we have no redemption and are just on a base rate tracker)…
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Questions re remortgage
Hi, We are considering taking out a remortgage on our property to fund property development, but have a couple of questions. We already have a mortgage on our house, and would be looking to mortgage against our remaining equity. To do so, could we take out a separate remortgage product from another provider, or would we…
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Quick Online Mortgage Calculator?
Hi guys. New to the forum and there is an awful lot for me to read. I was wondering if anyone could help... I am not sure 'prejections' is the correct term, but I was wondering if there is a site or a tool to find out how much I can borrow e.g. As a single first time buyer with x amount of a deposit and x amount salary how…
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Help - I'm Caught in Catch-22
I have seen a house that I would like to purchase and I have a have put in an offer, However the owner refuses to accept any offers from me because I don't have an actual mortgage in place. However when I contact the mortgage broker (L & C) they can't find a mortgage for me becuase I haven't had the offer accepted. Has…
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This may seem a little silly but I really need your help
My husband and I already own our own property and after having our 2nd child need to move home. Problem is we have a large amount of debt and bad credit history. Ill try and explain my circumstances: We bought this house for 85k 3 years ago with FIL giving us 42.5k down as a deposit. Therefore we had a mortgage of 42.5k.…
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RE-mortgage?
I currently have a fixed mortgage with Abbey until Match 2007 The mortgage is 135k,value of the house was 180k in March 2005 A house on the street, same style but modernised is up for sale currently for £215k I would like to add 15k onto the mortgage to modernise my house (new windows, kitchen etc) I do have\ debts of…
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solicitors fees even if falls through
Just noticed in my contract i am yet to sign that if my purchase of property falls through the fees i pay them is based on what stage its at. Is this the case with all solicitors or do some work on a no move no fee basis? I got quoted £656 for basic expenses (ie company fee/searches) doesn't include additional leasehold…
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Solicitors work
I have a few q's, so here goes. Fees firm will charge - £364 Searches - £266.77 broken down is: Local search - £98 Mining search - £20 Reg fee - £100 Drainage search - £42.77 Land charges search - £4 Land registry search - £2 Are they reasonable prices?? Then my fees go on to say: Notice to landlord - notice of transfer…
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Remortgage
I want to remortgage my flat to borrow an extra 5k. I am with the Halifax & currently owe 19k and the have 12 years left on my mortgage. I have a straight repayment mortgage am on a fixed rate until 2009. Anybody got any ideas /opinions on whether I should apply for the remortgage with the Halifax......or look to another…
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Apologies to A&L
A rare moment of humility from meanmachine. I've just tried Alliance and Leicester's "affordability calculator" online, and following the rate rise, they are indeed prepared to loan me less now - 4,000, to be precise. I suggested previously that they weren't taking true affordability into account, but clearly I was wrong.…
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Maximum age restrictions for mortages
Please does anyone know the maximum number of years companies allow i.e. I am 55ish and am wondering if I could get a remortage for 20 years? I appreciate that I'll probably be dead by then but just wondered if anyone can advise me. Thank you very much.
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Buy to let mortgage, can i say its residential?
Hi We are looking at purchasing a property on a BTL basis, we both live with parents. As we are both FTB's not many lenders will loan us the money. If we say it is residential we will get much better rates and maybe a better loan. We are aiming at a 15% deposit. 1) So can we say it will be for residential purposes? 2) If…
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Direct Line why?
On Direct Lines mortgage calculator you enter capital & interest repayment. You enter your amounts, then they offer you some fixed rates or 2 x 2 year discounts offers: 2 years discount @ 4.75% reverting to 5.85% or 2 years discount @ 4.44% reverting to 6.25% & 599 admin setup fee! For the life of me I can't work out why…
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Mortgage for Studio Flat
Does anyone know, if Nationwide BS lend on Studio Flats? Thanks in Advance
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got to send my credit report
Hi i have spoken to a mortgage broker that has been recomended on this site not sure if im allowed to name so im not going to. they have said they want me to get a copy of mine and my partners credit rating/score from equifax/experian and send it to them so they can see what they are dealing with and so we dont apply to…
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Question over switching fee after mortgage offer recieved
Hi all. I recieved a mortgage offer from AL which is a bbr tracker which tracks +0.19 for two years. But ive been thinking id probably like to go for a fixed three year one. I called AL and asked if this could be done-and they said i had to pay a switching fee of £200. That seems a lot and strange as all im doing is asking…
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Mortgage offer recieved-but want to choose another
Hi all. I recieved a mortgage offer from AL which is a bbr tracker which tracks +0.19 for two years. But ive been thinking id probably like to go for a fixed three year one. I called AL and asked if this could be done-and they said i had to pay a switching fee of £200. That seems a lot and strange as all im doing is asking…
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remorgage
hi new here and a great site :) Remorgaging my house its worth 110000 and my mortgage at the moment is 45000, i want to take some money out making the new figure as 60000. Ive got 22yr to go and am keeping the term the same. Ive been to the financial adviser about the remorgage and she seem to be pushing me towards…
