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What mortgage for pensioner, no other income
Hi, I have a mortgage question that I hope someone can help me with. I am looking for a mortgage for my mother whose only income is her pension. Does anyone know which companies are likely to offer such a mortgage to someone with no other income? She has about 150k equity in her house. The mortgage is for £15k only, and I…
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Pay off home or BTL
My current fix is due to finish in march,currently 5.19% with the c+g and 16k left to pay(LTV is around 10%),i've also got a BTL mortgage with them for 75k fixed at 6.08% until may2010, with a LTV of 50%,thing is i have around 15K in ISA's fixed at 6.15% (plus enough in other savings) but that rate is due to expire in…
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Buy to let mortgage and taxation
I have a flat which I used to live in but is now rented. I took out equity for our new residential home. Does anyone know if the taxman needs any particulars? I declare mortgage interest and rent etc. but accountant says I must declare original purchase price and any re-mortgage above that figure is offset against mortgage…
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endowment
scottish provident policy ,started 1987 ,matures 2012 ,should i cash it in !
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Another query from me - Important
Hello..again...I went to sort out my mortgage which has been accepted. I was honest and told the lady that I had given back the keys to a previous mortage (joint) due to divorce in 1993. It didn't seem to bother her. Now I have the form and it is asking me outright...Have you ever had a mortgeg previously? and Have you…
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Mortgage dumbo but easy for you!
Hi all, I have a very small question but one which I have had 2 separate answers to: I am about to start a mortge and have opted for 19 years fixed rate 77k and the payment is 522 per month. The standard variable is something like 486 per month. If I go with the fixed rate deal ,,,is the extra that I am paying each month…
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Value of my flat / new mortgage at the end of fixed term
Hi All, I took out a mortgage in Sept 2007 (just before the bubble burst) for £156,000 against a brand new flat for £178,000. So i put in £22k for as the deposit. I'm on interest only; my current rate is 5.53%, £723.40 per month, this comes to an end in Sept this year. My mortgage makes provisions for an overpayment of…
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Have enough in savings to pay off my mortgage...
Hi. this is giving me a head-ache can someone just please 'tell' me what to do! I owe £50k on my mortgage, I have £75k in savings. Would you pay the mortgage off? I am out of my 'agreed term' so won't have any penalties if I repay early. Please someone, point me in the right direction x
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Mortgage Payment Protection
I have read on one of these posts that someone received a quote from Norwich Union regarding Mortgage Payment Protection (for redundancy cover). Due to the uncertainty of the job market at the moment I wanted to cover myself - I have just gone straight to my current mortgage provider but didn't know whether other providers…
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cashing in
hi ya can anybody help ! i am morgage free since july 2008 ,worked my backside off and paid £47.00 grand in 2 years, (i was a working mother ) i was thinking on putting a extention on my house abt £30 grand and was wondering if i should cash in a endowment that we kept from our first flat ,it is with scottish provident ,it…
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high value mortgages
Hello I was hoping some of the brokers might know the names of lenders who specialise in high value properties. Looking to buy a property for £1.7 million, have £900000 deposit, looking at a mortgage term of 15 years maximum though it needs to be flexible as I will probably pay it off in lump sums over 3 years.
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Nationwide - changing residential to buy-to-let
Hi Im looking for a quick bit of advice from people who may be able to advise... I have a repayment mortgage with Nationwide for approx £100,000 on a flat worth approx £125,000. I need to move for my job, but rather than sell in a poor market would rather let it out. I estimate I would make approx £625pcm for the flat…
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Switch to interest only for two years?
Hi all - myself and my husband are in a dilemma. We need to pay of some debts so that our monthly disposable income gets back to a level that works for us! We were trying to sell the house and use some of that capital for this purpose, but the current state of the market won't allow this. Plan B is to switch to an interest…
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New Mortgage Deals
Very interesting this. I am due to renew my mortgage deal in March and whilst perusing I noticed that a lot of the deals for fixed rates, especially the 5 and 10 year deals, are only advertised to 40% and 60% of the loans. On top of that, for 2 and 3 year deals, with Abbey, they are advertising for 40% and 60% deposits…
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Turned down by bank for re-mortgage
My oh applied for a re-mortgage to pay off car finance and much needed home improvements. The bank turned him down because of a few late car payments last year which he could justify as we had problems while switching over to a new bank account. With a re -mortgage his ltv was 63%. He was told had he applied 6 months ago…
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Is this normal for brokers?
A couple weeks back I received an offer for the renewal of our mortgage deal from the Halifax but I was curious about something, so I rang the offices of a financial advisor I know to ask his opinion. In the past he had organised our life insurance for us, so I thought he would be helpful. When I called he wasn't there, so…
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Question re future SVR's
Please forgive me if what I am about to ask is obvious to some or just plain nonsense, At the moment the BoE base rate stands at 1.5%.My Halifax SVR is 4.5%.They have hardly stayed in step with the BoE.Obviously there is a 3% difference.If for example the base rate fell to 0% and remained there or there abouts for a while…
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1st time buyer & credit ratings
My daughter applied for a mortgage with Barratt to buy a house on a 75% - 25% scheme. She needed a £108,000 mortgage, but the mortgage advisor informed her she had too good a credit rating. How can she challenge this decision & what can she do to secure a mortage? She's in full time employment (as is her partner).
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Would you pay the valuation fee 'at risk'?
I currently have a £215k mortgage fixed at 4.99% with the Halifax until the 12th July. The house was a new build purchased for £327,950 on 12th July 2007; at this time I had a LTV of 66% I am unsure as to the value of the house now but a 15% decline from July 2007 would put it at about £280k, which would give me a LTV of…
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help please :the libor rate
Hi all i am moving from 2 year fixed to svr margin above libor of 3.1% i cant do anything about this because i am high risk can anyone tell me what they predict the libor rate will be on average , i was paying 6.5% fixed . the libor rate mortgage i am on is set every 3 months . Will it rocket or will it be an average %…
