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Equity from property
Can someone tell me about raising equity from my existing property in order to buy another property to rent out etc. I am slightly confused about this, I have about £250k in equity in my own property and would like to use that towards buying more property. I read about people who take equity from their homes to do this but…
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Help - Self employed with no accounts, NEED mortgage
Hi, My partner is self-employed under the construction industry scheme, meaning he is taxed at source. He works permanently for a company and is paid weekly by an intermediary company straight into his bank account and has payslips. He has only been doing this for 9 months, previously he was employed on PAYE. For this…
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Child savings accounts to overpay interest only mortgage
I'm just in the process of remortgaging and i've chosen an interest only mortgage, with the option to overpay by 10%. I had planned to make payments upto the repayment value each month and just fall back on the interest only if desperate. My mortgage adviser recommended that I just open up a savings account which pays more…
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mortgage lenders what do they look for
my partner has 1 child which he never sees but pays £5 a week for, on his applacation he said he didnt have any kids. will they find out that he has?
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Self Certified Mortgage.
I have calculated that the most I could easily afford for a mortgage would be £2400 a month, which would leave around £1200 a month to pay bills etc… Could someone do me a big favour and calculate what the most I could borrow would be and recommend some brokers for Self certified borrowing?
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Advice please on mortgage for self employed
Hello everyone - would appreciate some advice on our situation. We currentlly have a flexible tracker mortg with the Abbey at 6%. We owe £130000 with eleven years left to pay and a facility to increase borrowing to £155000. We want to move house and downsize as the kids are leaving home and off to Uni, and we want to use a…
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Early Mortgage Payment
I was told by a friend that it could be beneficial to leave a very small amount of mortgage debt, i.e. £20 or so, to run the full term because this may help increase my credit rating for a future loan or provide tax benefits.Could anyone tell me if this is true. Many thanks
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'Poor' Credit affecting remortgage application
Hi, Does anyone have any advice for me. I have just applied for a remortgage with ING and was refused. They advised me to check with experian about my credit history. I have done this and see that my credit rating is "poor". When I asked why they were not specifc but said it is because I have a high level of debt and 2…
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Mortgage advice please
I am currently selling my property for £119000 ( fingers crossed) and owe £49000 on my mortgage with the Halifax. I took this out last year on a 5.45% fixed repayment rate to be portable as I knew I was selling up now ive got another year to go. I wish to plough all the equity into another property up to £125000. Ive been…
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Quick question
I am getting a remortgage with Chelsea BS, and during the application with my IFA, he mentioned I would not need to provide any bank statements or payslips as I was in a blue chip situation. What does that mean?
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Will I get a mortgage?
HI After 10 years together we have finally decided to settle down and get a house together:D . We are bringing to lots of children together from previous rekationships, plus 1 we have had between us. So we need a really big house:eek: . We both have good equity in our properties to sell, he has about 80k and I have about…
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Question on Bank statements..
Just out of interest will I need my last 3 months bank statements if I am remortgaging with the same mortgage provider? Or does it depend on provider....? terry
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info am i after too much
Hi all Well i finally decided to put my house up for sale last saturday. Signed the contract etc with estate agent on the same day as not around much. I was told pictures of my house will be took Monday or tuesday fine as i wasn't around and they have a key. I Came back to my house wed night and about 10 am thurs morning…
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Nationwide updating deals, when?
Hi, Does anyone know when Nationwide usually updates their morgate deals? My mortgage with Nationwide is up for renewal on May 1st. I looked around including a lot of info from these boards, thanks, and decided to stick with them and go for a 5 years fixed because I believe interest rates will be slowly on the increase for…
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interest only verses repayment
What are the pros and cons of each? I'm setting up a new mortgage interest only would be £630 and repayment would be £830. This is much more than I'm used to paying so was thinkin of going interest only and paying the extra £200 by choice, that way if I have other unexpected bills one month.. I can pay them instead. Are…
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CeMAP 2 & 3
Oh, and another thing... Is it best to take 2 and 3 at the same time or to take them separately? Any thoughts?
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Becoming a Mortgage Advisor - Any advice?
Hello everyone, It's been very interesting reading the other posts about CeMAP exams etc. I'd be grateful for some specific advice if you have a minute. I did FPC1 about three years ago with a view to maybe becoming an IFA or mortgage advisor. However, FPC2 and 3 looked quite forbidding and my interest waned when I was…
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Selling Endowment Policy
I've received an offer from my endowment co. after making a claim for mis-selling. Do I have to stick with them or could I try to get a better offer from surrenderlink or one of those firms?
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Estate Agent Mortgage Advisors..
I recently had a conversation with a Mortgages Consultant thats based with an Estate Agent. Basically he wants to charge me £199 for a 'finders fee' for seeking out the best re-mortgage for me. I never asked him if he was whole of market.Can I assume he is as he'll be charging me a fee and does it matter that he's based in…
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Mortgage Advice
Having got into minor financial stresses, we have decided to down size our home. In order to buy the house we want, we need a mortgage of £143500. The bank will lend us £167000. The rate is currently 4.89% on the end of a fixed product due to end in December 07. Do we just take the mortgage we need or take the extra and…
