-
Morgage going in partners name - am I still a buyer?
Hello all, Me & my partner Matt [unmarried] are in the process of buying a flat. As I have adverse credit history, we were advised by an IFA that there would be more chance of the application succeeding if Matt [who has fine credit history] was to apply for a mortgage alone. We have begun to do this with our mortgage…
-
Fixed rate
I have nearly paid off my mortgage and have just changed to a repayment over three years.Is it a good idea to get a fixed rate now?
-
Life Insurance with Mortgage
Hi I recently bought a leasehold flat but did not take up the 3rd party life insurance that was offered with the mortgage with Abbey. My question is, is it worth taking this separately or does it have to link in with the mortgage? Thanks
-
Cost of NOT buying a house after the preperations (i.e. mortgage, survey, solicitor)
Hi all I'm new to property buying and I'm a little worried about how it all works. It seems to me that you pay out loads of money just for the chance of buying a property. Is this so? I'm interested in a property now, but haven't yet arranged a mortgage (it's all happened a bit suddenly - a property both me and the OH like…
-
Consequences of defaulting on a French Mortgage.
Hello, it's looking likely, due to the recession and the disastrous drop in the pound, that we may have to default on our French mortgage with HSBC and return to England. Will this affect my chances of being able to rent privately, by affecting my credit rating etc... I have spoken to the bank and don't think the French…
-
Remortgage or change lender?
I am fortunate enough to have a small amount left on my mortgage at a very low rate because my deal just ended, but I want to borrow some more for home improvements:D My existing lender will give me the extra but wants to add the amount to my existing outstanding amount and increase the interest on the whole loan.:eek: How…
-
Buy-2-Let Mortgage Help!
Hi, I own 6 properties in the North East and looking to add more in the current climate. Problem is, although my current portfolio all pays for itself and are on reducing LTV's (none higher than 60%), really struggling to find a competitive product in the market. Due to the nature of what and where I buy, they're mostly 1…
-
Mortgage help
I have posted on this subject before, but have more info now! I am currently coming to the end (at the end of June) of a 5 year fixed interest only mortgage (5.95%) with GMAC. (£864.02 a month at present). I have not been running any endowment etc alongside this though. I have £174,510.04 O/S as at 31/03/09 and as from 1st…
-
Abbey 4.99 5yr fixed no fees
Looking at the above deal on a £150000 mortgage. Are there any better 5year fixed with no fees about on a 75% LTV? This is for a period of 18 years. My brain hurts as I've been looking at so many figures! Thanks
-
Problems getting a Mortgage- large deposit
Hi, I have had an offer accepted on a house for £217,000. We have 40% deposit and have just been turned down for a mortgage with Alliance & Leicester. I have two defaults on my credit file totalling just over £700. Both have been settled in full, although one has not been updated as being settled by the creditors. My…
-
Another Endowment Dilemma
Please could you let me have your thoughts on what I should do with my endowment. It's with Legal and General, due to mature 11/11/2012 It's on red alert, in August 08 projection at 4% was £24900, now £20800 Surrender value at present £16883.80 Payments are £39.50 Basic Sum assured £9471 Bonus £7277.10 We have 25,000 on…
-
save a deposit or pay off debt?
We are looking to move in the next year or two and I was wondering would we be better clearing our £20 grand in debts (no payments missed) or putting £20k towards a deposit? We could raise a 10% deposit through the profit from our existing house and would be looking to up our mortgage from £85k to around £130k. I know its…
-
Remortgaging with bad credit
Don't know if anyone can point me in the right direction but I am anxious to get my life back in order and my financial house in order too. I live with my partner and he has a mortgage on a £300,000 house for £167,000. We bought the house together (with some of the equity I had previously) but because of my bad credit I…
-
Help needed
I bought a house 2 years ago for £117,500 as part of a shared ownership scheme through the council called open-market homebuy, where i purchased 75%, the council 12.5% and the mortgage company 12.5%. which meant me buying my share for £88,000. with the housing market being slow and prices lower than a few years ago, is now…
-
mortgage renewal lost job
hiya all, my mortage is up for renewal in june, ive had a letter from my mortgage company today saying they will give me a variourable mortgage at 4.89 per cent. ive just lost my job so i dont think i will get a mortgage from any other company, what do i do? is there anythink i can do? im getting JSAat the mo and im hoping…
-
Renting to family member
Hi there, I am in need of some advice I currently rent out three properties on a btl basis. My mother who is mortgage free is finding her home unmanageable and wants to move into one of my properties that has recently become vacant. We have found someone to rent her home already. They would be paying her the same amount of…
-
Post office application query
Hi there Husband and I are filling in forms for Aip from post office...he is self employed and its asking for gross taxable income where we had thought it would have asked for net profits? Without wanting to sound silly is your gross taxable income the same as gross income? He has rang accountant but thought id ask while…
-
buy to let mortgage needed
A relative of mine inherited a derelict property. I agreed to purchase it for £150,000 but only when renovations were complete and the property therefore mortgageable. I have renovated the property and converted it into two dwellings using my own money and each property is now worth £150,000. I want a £75,000 (50%) buy to…
-
Fixed rate vs Offset
Hi there I hope someone can help me a bit here. I am currently in a fixed rate of 6.14% until July 2010 but by mortgage company has just said that if I want to take another 5 year fixed rate from now I can get 4.99% - it is quite a flexible mortgage allowing me to repay up to £499 additional each month and I can take…
-
Deposit Advice Please
Hi All, Perhaps I am being ultra cautious but . . . We have an AIP for a mortgage (Post Office £225K on a £250K house). We have the £25K deposit sitting waiting in a savings account and we have a house purchase rumbling through at the moment. Full application in, valuation done, pay slips provided, just waiting for a…
