-
Remortgaging with low income- what are our options?
Hi I took voluntary redundancy from my job 2 years ago to go self-employed in my husband's business. As a result we have gone from a joint income of c.£55k from c.£40k ( my previous income) + c£15K ( husband's income) to just my husband's income whilst supplementing this each month with my redundancy money which we put…
-
Re-Mortgage / Valuation help
Hi, My 2 year fixed rate is coming to an end and my mortgage on a falt I own and will go up about £110 a month (from £388 to £494) if I let it role over. I have around £76k left on my mortgage. I could change product with the same lender but will have to pay £899 when the actual repayments will be the same near enough so…
-
How to get a mortgage on this - your creative minds required please
Hello all, I have had a look around the forum but could not find any past posts on this. Your opinions/advice/guidance would be appreciated. Summary as follows: -Buy to let mortgage required - Property value= 174k rent = 1250 pcm LTV required = 85% - 3 bed massionate annex above commercial grocery store - 80 yr lease (+/-…
-
Northern Rock fixed BTL mortgage ends Nov 1st 08 - What to do next??
Hi all, my Northern Rock fixed BTL mortgage ends Nov 1st 2008. NR have written to me stating that my payments will go up to £700+ pm (currently im paying £569 pm). My apartment is worth approx £120,000. The remaining mortgage is just under £90,000 The tennant currently pays £500 pm (which is less than the current £569…
-
Mortgage for 4 people
Hi guys I wonder if you could help I am looking at moving home, my partner and I have a mortgage at the moment. Our 3 friends are looking to buy somewhere and we are thinking of pooling our resources and getting 4 of us on a mortgage. I always thought it was only possible to have 1 of 2 people on a mortgage, does anyone…
-
HSBC Mortgage - booking fee before valuation??
Hi all, I think this has already been covered here but just wanted to add my experience. Currently we've had an approval subject to Valuation on our re-mortgage. We are looking for 90% LTV, so obviously the valuation is critical for us. HSBC asked for the booking fee prior to valuation. I expressed concern about what…
-
more money on mortgage advice needed
Hi, I have just applied for 3k extra on my mortgage over the phone today. I am 400 pound overdrawn in my natwest current account and in my shared alliance and leicester ( with my husband) we are 700 pound overdrawn. Will this affect my mortgage application. I have 2500 in a savings account. Shall i run and get this out…
-
London and Country
Has anyone had any dealings with this company ,London and Country as they have offered me a mortgage although i have a bad credit rating ie 2 ccjs they seem quite professional so far chatting to them on the phone.
-
Been made redundant just as transfer of equity been approved
Hi all, I have a 2-year fixed rate mortgage with the Halifax for £159,950 on an end-terraced 2 bed house that is due to expire on June 2009. Back in October, i split with my long-term partner, and began proceedings to take over ownership of the house. Fast-forward to now, and after a litany of mistakes, miscommunications…
-
Movement/Settlement:Slightly more complicated problem
Hi Everyone, I'm worried about a crack which I have noticed on the outside wall underneath the window sill (house 100+yrs old)...which I have never noticed before. The history is that we bought the house 4 years ago and on the valuation report it said 'the property has suffered previous movement but there is no evidence to…
-
Re question on one account or offset mortgage
Hi in January my current mortgage deals ends. So I am thinking of what to do next. My mortgage is about 46,000 over 17 years. It seems to go down so slowly and it is a straight repayment mortgage. Would you go for a one account /offset mortgage style. At the moment we pay £360.00 a month off our mortgage, so can afford to…
-
Euro Mortgages
I know the Euro Mortgage debate has been flagged up before, but our circumstances are different from what has been previously discussed and would appreciate any advice from anybody in the know. We have a house in Glasgow with a mortgage, we have a flat in London, that we rent out, with a mortgage, and we have a house in…
-
Between Rock and hard place
Please can anyone offer advice - my good friend took out a mortgage with Northern Rock two years ago, as well as a loan to buy her place. She is now finding it impossible to keep up payments and to avoid defaulting she decided to move in with her partner and rent out her place - this would enable her to keep up payments on…
-
Payment Protection...
Hi, sorry if this should have been in the insurance forum. Around 6 months ago me and my OH bought our first house. When taking out our payment protection we took the aption for it to be 100% towards my job/wage as i work in the motor industry and my job was in doubt at the time. Things passed over for a while but today i…
-
Remortgage and Pay off credit cards
Hi all I have a dilemma and need advice. I have the possibility of getting a 4.9% mortgage deal but need to pay off my £3,500 credit card debt which is currently residing on interest free cards. The only way I can do this is to add the £3,500 to my mortgage. Even when I do this my monthly payments are way lower than on the…
-
Help for a friend
Hiya Can anyone help or offer advice a friend has been told by her husband that this month he will not be paying the mortgage. Seems they brought the house joint mortgage (thankfuly) but using his income she work only part time with their three young children.:mad: She has the money with family allowance and part time wage…
-
Will I lose my house
I am a relativley new home owner, having only managed to get my footing on the property ladder last year. I am with Allaince and Leicester on a fixed rate which is ending next year (around sept). I am finding a lot of the current news alarming, and quite frankly confusing. Can anyone shed some light on the chances of me…
-
Lenders continue to reduce rates!!
The Halifax and Abbey are making further reductions to their Fixed Rates this week!! Caution - this continual reduction cannot continue indefinitely...
-
Anybody else finding hsbc rubbish?
Had the usual meeting with mortgage advisor for simple remortgage due to end of FR deal. was greeted by a twenty something lad with pink shirt, spikey hair and flashy watch. all paperwork etc fine. havent heard back from them now in two weeks, whereas woolich, nationwide etc. all try their best to keep you in the loop from…
-
mortgage trouble
hi guys i am new to this forum but i need advice as i feel that i am starting to sink and need help i am in the process of renewing my mortgage for the 4th time. to keep payments low i have always taken out 25 year policys, mainly because at some stage i was going to inherit a lump sum so i could pay the mortgage off, this…
