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changing to a buy to let mortgage
hi could anyone give me some advice on the above? i have my house up for sale at present and i am planning to move abroad, someone suggested to me rather than sell rent it out. (good idea i thought) but i was hoping to use money made on property to set me up in business etc... house value 130k mortgage aoutstanting 35k my…
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Advice on remortgaging & starting a family?
We're coming to the end of our fixed rate mortgage in November. My wife and I are thinking of starting a family soon. If my wife goes on maternity leave we will struggle with the mortgage and bills as my salary alone will not cover this. Presently our joint income is £2340 ppm (after tax) Currently we pay Mortgage £548 ppm…
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Nationwide Rate Changes
[FONT=Arial, Verdana, Helvetica, sans-serif]Changes from 15th August [/FONT][FONT=Arial, Verdana, Helvetica, sans-serif]Nationwide is increasing all its fixed rates:[/FONT] with effect from 15th August* [FONT=Arial, Verdana, Helvetica, sans-serif] * 2 year fixed rate with £699 reservation fee from 5.09% [/FONT][FONT=Arial,…
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Pay your mortgage weekly???
I have heard that you can actually pay your mortgage weekly, thus saving yourself lots of interest. Is this a well kept secret or a load of rubbish? :confused:
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Best 2 year fixed rate with no fees?
Spoke to a financial advisor last night about re-mortgaging for a better deal with my girlfriend. He recommended that we stay with the C&G as we're after a 2 year fixed rate with no fees. From looking at his computer he said the best deal was with C&G who we're currently with which was 5.39% for the first 2 years. Only…
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Help Advice
I sold my house last week and have had an offer accepted for the house I want to buy. Now my mortgage adviser is on 2 weeks holiday, she works for Lloyds TSB and obviously i cant do anything until she gets back. The purchaser of mine has got his mortgage sorted. Can anybody tell me how long it takes normally before things…
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Pearl Endowment Help!!!!
Please bear with me - this is my first post but have been a luker for many months and have picked up some amazing tips. Switched to repayment mortgage 5 years ago, cashed in one endowment with pearl but kept the other one going as we were told we would not be penalised after 10 years. Well, we want to cash in/sell as the…
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Remortgage Fees
Had a mortgage advisor at the house today as my mortgage deal runs out soon and I'm looking for a better deal. He offered me options of the below (I am after a fixed rate) 2 yr fixed rate @ 4.98% 3 yr fixed rate @ 5.14% 4 yr fixed rate @ 5.14% 10 yr fixed rate @ 5.18% However all the fees (arrangment, valuation etc etc)…
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No Endowment Compensation because I was in RAF
Help!!! I have just received a letter from the FSCS informing me that essentially because I was serving in RAF Germany (1991) I am not covered by the UK Financial Services Act for the following reasons- 1 The Firm Andrew Peat Finanz Consultants Gmbh part of Andrew Peat Financial Consultants Ltd. was not UK authorised at…
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F.P. Endowment - Am I missing something??
Hi Everybody, I was hoping that someone with vastly more knowledge than me could assist regarding a letter I got today concerning my endowment which has only 2 - yes only two - years left to run. The main facts are as follows; Start date - 8/7/1983 Maturity date - 8/7/2008 Target amount - £24000 Product - Friends Provident…
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Paying in Cash
I am looking to pay a deposit for a house with a buy to let morgage with 20k in cash can anyone see a problem with this ,as i will have no proof off were in came from even though its legit.
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Mortgage calculations
I've just taken out a £30,000 mortgage, fixed for the first two years with a penalty for overpayment within that time. After that, I'll be able to make additional payments to pay the mortgage off a bit quicker. Maths is not my best subject so any easy ways to calculate how sooner I can pay off, by making overpayments would…
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Where should I put my money?
Second attempt due to lack of response. My brother and I bought a house in 1988 with an endowment mortgage. We each had a life assurance policy covering half the mortgage (approx £26500 each). In 1998 my brother transferred his share of the property to me whilst retaining his policy. Currently the mortgage is at around…
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Higher Lending Charges
Hi, My partner and I are looking to buy our next property and have just sold our existing one. Looking at various different mortgage deals I have noticed the higher lending charges that are added on. We are looking to borrow 93% of the property price and I have found a very good fixed rate deal with Yorkshire Building…
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offset or not
Could someone give me a simple answer to the mortgage minefield! I'm looking to buy a house and I'm not sure whether I should go for a offset mortgage or stick with a traditional type. I will probably either move again in 2 or 3 years time, so I'm wondering if it is still worth offsetting. I have a lump sum and a should…
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Equity Release brokers
A friend's in-laws are considering going down this route. Does anyone know of specialist brokers within the West Yorkshire (specifically Bradford)who provide this advice? Also, this will be a fairly small case (releasing £20k out of a propoerty valuation of around £100k) does anyone have an idea what the typical fee levels…
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Self-certify mortgages
Does anyone know where I can find a list of all the providers that will do a self-certify? Moneysupermarket only lists 4 as far as I can see.
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100% Mortgage
I know many people advise against these but i have no other choice, have not got any kinda deposit. Any advice on reputable lenders who do these and best rates etc would be appreciated. I have worked out that i can afford a mortgage of 100,000. Many thanks in advance Shaun
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EMC endownment claims- any good?
We have been approached by a company called EMC who wish us to act on our endownments being mis-sold. Does anybody know anything about this company and if they are good or not? All information would be welcome.
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Early Repayment Charges
I jointly own a house with a friend and have a mortgage through the Halifax. We are unexpectedly having to sell due to changes in personal circumstances. According to the terms and conditions of our mortgage we will have to pay charges of just over £3000 for early repayment (we remortgaged in September 2005). Even if we…
