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What do I do?
I own my house outright and haven't had a mortgage for a few years. I now need to buy 30% of my moms house so she doesn't face being forced to sell when she is in her 70s. I need to take out a mortgage - where do I start? I don't know if I am first time buyer (doesn't sound right) or a remortgager (still doesn't sound…
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Remortaging house - How does house gets valued?
Hi guys, Quick question I hope - Im unsure as to what happens when I come to remortgage my house in November. Although I put down a 10% deposit on my house and will have potentially another 4k to pay in a lump by november, Im thinking i may well be close to negative equity. However im lucky in as much as my parents could…
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60+ Mortage
My parents in 1990 took out the above which is a loan where funds are released for their own use ( £12500 ) and payments of interest are optionally deferred, and the have not made any payments and have now both passed away. interest is charged to the mortage at the standard variable mortage rate, currently 2.5% and is…
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Northern Rock Issue- HELP
Do we have a case here..... We got a letter from NR saying that there had been a shortfall in our mortgage redemption and we owed them over £300. (this goes back to nov 2007!) I knew there was something wrong here so when i checked sure enough we had evidence to show we had paid this. I had written who i spoke to and also…
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Help pls! Sole trader accounts for mortgage application
Hello I would be grateful if someone in the know could have a look at my figures to see if I've done anything majorly wrong as I'm getting a bit muddled. Hubby & I are looking to move and I am sending accounts to our existing mortgage provider in order to get an agreement in principle. I am employed full time and am the…
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Mortgage Affordibility and Season Ticket Loans
Would lenders normally expect interest free season ticket loans to be included in debts when assessing mortgage affordibility? I'm assuming yes.
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B&W mortgage, cant get remortgage elsewhere
Hi All :hello: Just had the mortgage advisor round for a chat about our fixed rate deal which is coming to an end in August, its a 5.69 % 2 year deal with the now doomed Bristol and West. The bad news was that we cannot get a mortgage deal elsewhere as we are teetering on the edge of negative equity (we had a 95% loan as…
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Need to Move to Bigger Place but Cannot Afford
I have been a mortgage owner for over 2 years now and for that 2 years I have been paying interest only. I still owe £109.000 on the mortgage and Im currently fixed in at 6.99% for the next 5 years. It is a 1 bed flat. In Dec me and partner had baby and desperately need to move to a bigger place of at least 2 bedrooms..…
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Advice on mortgage "holiday"
Hi Peeps, wondering would any 1 have any advice on how getting a break say for 6 months from paying your mortgage -Ive heard about these but wonder how do they work?........ Thanks in advance for any advice.....:beer:
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Divorced - Am I responsible for half mortgage payment
Hi, I'm divorced and my ex lives in the matrimonial home with my 11 year old. Have been paying more maintenance than I should have for the past few years. As I need to take control of my own financial future I have told the ex that I will be reducing her maintenance payment, this is still however, more than the CSA have…
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Remortgage: Too many variables
I’d be grateful for any advice as I’ve spent ages searching, phoning and comparing mortgage deals and think I have confused myself. My current 3 year deal is coming to an end and I am soon to go from a discounted rate APR of (currently) 3.49% to an SVR of 4.99%. The situation is that I would (obviously) like to get the…
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2nd Mortgage - Totally Stuck!!
Hi, I currently live in a terraced house I bought for £110,000, it has been valued at £122,500. I have seen another property I am really interested in for £122,900. I am trying to find a mortgage based on a 90% lend on a 2-3 year fixed rate. I am planning to rent my current house and move in to the new one. I have…
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Mortgage Options
Hi All, I was wondering if anyone had any advice. Me and my girlfriend are looking at buying a house in 6 months or so and was wondering what our best options are and what we can do to be in the best position. As for finances, I earn just over 20K with bonus and payrise usually working out at about between 1200 to 2000 a…
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End of fixed term question
Hi, I'm not an expert on these matters so would appreciate some advice. My fixed rate is due to expire early August and i thought it then reverted to my lenders SVR, i have since found out that it tracks 0.99 above base rate. my lender has offered another fix for 3 years at 3.99%. i know the future base rates are known but…
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Pension and mortgage
Are there any mortgage companies who would look at lump sum pensions payouts. My pension statement is currently about £240000 plus about £37000 per annum, when I retire in about 28 years. Could I present that statement and get more money for a mortgage now? I have heard about some lenders who would take the pension lump…
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Mortgage Advisors - help please?!?
Hello good people, Quick question... What sort of mortgage do you think would be available to me? (Max lending and rate would be helpful) Details: Self Employed 1st year: 38k gross, salary 22k (salary and divs) 2nd year: 37 gross, salary 29k (salary and divs) I am now in my third year of trading as a ltd company. No…
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Broker help - self certification amongst other things!
Can anyine give me some advice? I am looking to purchase a house worth 295k, and require a mortgage of 265k. I don't want to sell my current home which is worth around 170k with a mortgage of around 98k on it. We need to remortgage current home to raise deposit for the new one I think. We have our own business and…
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Please help, first time buyers. Thank you.
Hi all, I am new to this forum. Firstly thank you for reading this thread. Anyone with similar experience is welcome to share and help is very much appreciated! My husband and I are first time buyers. My basic salary + allowance is 26k a year. My husband is a full time Phd student with funding- 1400 tax free per month (…
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To fix or not to fix? - I have fixed!
I am one of the many people deciding whether to stay on a low SVR or fix before the fixed rate deals go up. I have spoken to London & Country this morning who were fantastic. They told me that they have had a 'heads up' that a number of mortgage lenders (including A&L) will be putting up their fixed rates imminently. I…
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Has anyone heard any more news...
about Preferred and Capstone?. It seems to have gone really quiet concerning them. The last I heard was that there was a "fire" sale being dealt with by Price Waterhouse. But nothing since.:confused: Ta
