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Birmingham Midshires?
Anyone had any dealings with them? They've offered me a mortgage although my credit rating is well erm not great however will soo be Debt Free bar the mortgage? Any feedback welcome Merci x
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Buying another property
My partner and I are looking to buy a property for approx £180,000. I currently own and rent a property valued at £150,000 with no mortgage. My partner has a property valued at £170,000 with a mortgage of £60,000 approx 15yrs to run. We want to keep and rent both properties, keeping them in our own names. What is the best…
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Compensation offer from Building Society
Hi - I recently had a extremely upsetting experience when I extended my mortgage with my current lender, resulting in me believing that I would have to pay off two mortgages. The situation was finally sorted, though I'm still out of pocket for the extra interest that was charged and have to go through the Law Society to…
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Info ReQ
Hi all, Could someone please tell me on average how long a remortgage takes once approved ? :beer:
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95% First Time Mortgage
Hello. I would like to get a 95% mortgage on a £235000 property. My wife and I have a joint income of £80000 and have no debts and an excellent credit history. We were thinking of a 3 or 5yr fix but wondered about a 10yr fix. If we were to move before the end of a 10yr fix would we be liable for the early repayment fee or…
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Getting a mortgage when you have debts
Can anyone help please? I have recently got married and OH and me are desperate to own our own home before we try for a baby (he is 29 and I am 37 and I have a 13 year old daughter from a previous marriage) We are currently renting and pay £500 in rent each month. We have no savings as we have just spent up on our wedding…
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Is this criminal?
If I take out an interest only mortgage now and, in 12 months time, rent out the property for 12 months and I don't let my mortgage provider know about that does it constitute a criminal offence? Regards Richard
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woolwich 10yrs fixed at 4.98% - is this good?
Hi Currently looking for a new mortgage deal and not sure if this one is good or not and advice would be much appreciated. The fees for the woolwich 10 years fixed at 4.98% is £595 do you think this is negotiable? Many thanks in advance...
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First Time Buyer - Advice needed
Hi, just starting to think about the options that may be available to me in buying somewhere. I've a feeling I may not be able to get a mortgage yet, but I'm not an expert so I am hoping someone is! Anyway, I'm currently 23, a trainee chartered accountant, earning approx £21k. Got about 18 months left until I fully…
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remortgage to pay another house off
I have 2 houses one on a BTL and the other which I live in on a residential. The BTL has a 50k mortgage and the property value is around 90k. Would I be able to take out say 20k on this house to pay off a lump sum towards my main residential house? The plan is to pay off my house I live in as quick as possible and then…
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Mortgage Application
We are looking to purchase a house and I am looking for some advice as to lenders that I should approach. We are looking to borrow 150K and have a deposit of over 200K All seems fine up to now, however I own the company that employs me. I earnt 20K last year from my own business and drew 50K from previous years profits as…
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Buying a House for Students
My parents, my brother and I are looking to buy a house together as me and my brother are both at the same university and it seems pointless paying out huge amounts in rent for the next few years. However, I have a few questions: 1, Does anyone know whether this would affect my status of 'not living at home' for my student…
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Get a loan for the deposit
Hi, My other half and I will be trying to get on the property ladder soon. The problem is, as for most first time buyers, we cannot afford the deposit!! We have 3 options: 1) Get a 100% mortgage at a higher interest rate 2) Get a loan for the deposit 3) Continue to rent...not really ideal We are thinking that the bank who…
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Do I really want to make overpayments on my mortgage?
My existing Nationwide Tracker on a £55,000 interest only mortgage has just last week expired. It has 17 years left to run, the funds I have invested to pay off the lump sum are doing fine and I have a bit more spare money to play with now. I was just wondering on any advice for the following:- 1) Is it good use of my…
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Best Buy and Overall cost / Fees?
Hello. I am trying to understand the Overall cost for comparison often seen in best buy tables. e.g http://www.lcplc.co.uk/best_buys_1.aspx?id=0:21998&id=0:21990 Does the overall cost take into account the Initial mortgage rate the Subsequent mortgage rate and the Mortgage lenders fee ? If you can switch for free say after…
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Watch Out on Maturing Endowments
Having recently had an endowment mature after 25years,I was surprised to find that although maturity date was 1st of month, cheque was not to be issued until the 12th. I phoned Insurance company concerned & asked about 12 days loss of interest. Met a brick wall! Told then have hundreds of policies maturing everyday & can't…
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"Borrow" amount?
If a mortgage company says they will lend me £140,000, does that mean I can look at properties max price £140k, or max price £140k + my £12,000 deposit?
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Any thoughts?!!
Hello, We currently have a 2 year fixed-rate Together mortgage with Northern Rock (6.19%) ending in June 07. Mortgage was for 50000 + 16000 unsecured and we have recently accepted an offer of 83000 for our house. We haven't found a new house yet but are looking to spend around 750000 on next purchase. Together we have…
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Can we remorgage in our 60's?
We are in our early 60's and wish to raise £10,000 to do some house refurbishments. Our house is paid for but we have been told by a friend that Banks and Building Society's won't give us a remorgage because of our age, I have yet to ask the appropiate institutions , but wondered if anybody could point me in the right…
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Mortgages/disability Living Allowance
Does anyone know which mortgage companies take Disability Living Allowance into account? Irgent advice required PLEASE PLEASE
