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Advice on Additional Borrowing please
Hi, I was hoping someone could advise me. I want to borrow further on my home as there is a lot of equity there and i want to buy an investment property. I already have a BTL which is self financing. My residential mortgage is 34k at 1.39% and they can lend me an extra 234k at either SVR 3.5% with £200 fee or Tracker at…
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Nationwide application fee
My fixed rate comes to an end on 30/4. I have arranged a 5yr fixed rate of 4.98% over the phone due to start on 1st June. I am not intending to send back the signed paperwork until middle of May to give me time to change my mind and I thought I would take advantage of going onto the SVR for a month before starting the new…
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How much do you pay on your mortgage?
Apologies if this has been done before, but I'm just interested to know where my mortgage fits in with everyone elses. I'm not talking about overpayments - just what you have to pay per month. I pay £361, and that is a repayment mortgage, currently at 3%. I have just reduced my mortgage, so it may come down I guess in the…
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who has best 90% ltv 5 yr fixed rate
does anyone know who has the best 5 year fixed rate for roughly a 90%ltv mortgage please. :confused: its for a relation. house value hopefully 100k, mortgage outstanding 90k. seen the post ofice at 6.02%. are there any better please. many thanks
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Getting a mortgage with a bad credit rating?!
Hey everyone! I just wondered if anyone had experience of getting a mortgage with a bad credit rating? Is it completely impossible, or can it be done? Basically me and OH are wanting to buy a house next year. I have a good credit rating, and he has a bad one. I am not sure exactly how bad his is - I don't think he even…
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HSBC 3.99% fix / What if I need to rent ?
I am about to re-mortgage with HSBC on a 3yr fix at 3.99%. However there is a chance in about 6 months I will loose my job and need to rent out the property as I will probably take on a new job abroad. Does anyone know in these circumstances if HSBC will be ok with me renting out my house in this circumstance ? I ask this…
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To switch or not to switch
My Dad and I have got an interest only joint mortgage with Bristol & West. The 2 year fixed rate ends this month. We're currently paying £759. It'll now go onto the standard variable which is currently 2.99% which means the payment will go down to about £350. Dad wants us to continue paying what we've been paying to try…
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Mortgage Broker
Hi All, Could someone recommend a good mortgage broker.
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Mortgage application question
Hiya, I was wondering if anyone could answer a question for me. My sister recently applied for a mortgage and got turned down because of a payment that she had not told the bank about. We looked at her credit report and this payment was not on it. (nor did she know anything about it) She has a financial association with my…
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Mortgages for temps, help!
Hi, I am in full-time, permanent employment and have been in this job for 10 years. My husband was also employed full-time for 10 years, but recently had a break to look after our baby for 6 months. He's now back at work on a similar type of job as before, but as a temp. There is high demand for workers in his field, so he…
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Nationwide valuations?
Anyone know about NW vaulations, are they accurate, or not? I know they do drive bys, but does anyone have any knowledge of how they work, I mean do they tend towrads a low or actual figure compared to current market trends?....any inside info if anyone has had any homebuying valu figures? I'm just looking at re-mortgaging…
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Bank of England rates back to 1970 - may help choose mortgage
Hi everyone Just found this document on the net with all the bank of england rate changes back to 1970. I looked at something similar when I chose my last mortgage deal and picked the perfect one - shame it is ending soon :-( I will find this very useful for picking my next one however and thought others may too:…
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Equity release advice needed please
Hi all, My parents are currently going through a divorce and are in the final stages. My dad wants to keep the house if he can and has tried everything to get a mortgage but cant get one due to his age (66). He needs to find £47,000 the house is worth £100,000. With him being 66 he can only get £35,000 with him only being…
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Britannia 3yr or 5yr fix?
My current Britannia 3yr fix ends in December. It is 4.99%. Britannia wrote to me recently saying I could switch products now to a 3.99% fix FEE FREE, but I had to decide on whether I took it for 3 or 5 years. (the offer was for current Britannia customers only) My house is valued at £230,000 and my my mortgage is…
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Mortgage when self employed - advise please!
My husband have had a mortage for 3 years and we have had been employed and therefore had an income which could be measured and shown. My husband has just become self employed (well he has started a limited company). We have heard its hard to determine what your income is when self employed and this question came up…
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Northern Rock borrow back overpayments
Whilst I never suggested this myself ( prefer the offset option ) I know a lot of people remortgaging to NR borrowed more, and then overpaid a lump sum straightaway - thinking they could re-borrow ( brokers were told by local reps - no restrictions + earn bigger commission as its % of original debt!) well looks like those…
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selling house to son
Hi. Hoping someone can offer some advice on current situation. Having both returned to full time education, my wife and I are "stuck" with a variable rate endowment mortgage which has @3years to go. Having limited income we are not in a position to negotiate a new deal at present but have been discussing the benefits of…
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Beat the negative equity trap
This thread is to discuss the following news story: Beat the negative equity trap
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Pay off some Mortgage or car loan
Hi there, Can anyone help? I am remortgageing soon and i have a car loan of about £3500 left and the APR is 9%, My question is should i take out my saving and pay the car off (No early payment penalties) which will free up £225 p/c/m and then pay towards my mortgage. Or should i just pay my saving into the mortgage and…
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shared ownership remortgage advice?
Hi, I've just registered on this site and don't know the drill, so bear with me. I came across this forum while researching to help a predicament relating to a shared ownership remortgage. We bought our Victorian terrace home in London on the open market in 1994 - we bought 75%, the remaining 25% owned by a housing…
