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traded endowments
hi. has anyone got any genuine info regarding traded endowment policies please? thank you. dollooboy.
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LPA receivers Landlords
Has anyone any experience with LPA receivers? It appears that certain Buy-to-let building societies are instructing LPA receivers at a drop of a hat. I have been involved in property in many formats for many years and have been a decent, considerate and fair landlord. Recently some tenants did not pay the rent on a…
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Remortgage for Deposit for New Mortgage?
Hi, We have prop with 180k mortgage, have applied to remortgage and valuation came back as 315k with Halifax! Prop is 5 bed, 2 bathroom, detached with garage, drive and garden in Borough of Harrow, we feel this is a large undervaluation even in the current climate. 1/2 bed flats next door sold for between 165k and 230k…
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Would you use a broker?
Hello, Just wanted some advice with the topic of the post. I have done my own research of the market and have found the best 90% LTV mortgage I can on the internet (either HSBC or Britannia at 5.99%). Tommorrow we hope to get a mortgage in prinicipal. My partner wants to see a broker, but I read somewhere on this site that…
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30 year mortgage?
Hi people Me and my partner have recently purchased a house with a 30 year mortgage. We paid 91,500 and put a 10% deposit on it leaving us oweing around 82,500. We're on a five year deal with c and g at 6.09% with a product fee of 1,099 on top which we've added to the mortgage. So we're paying £504 a month. My question is,…
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mortgage help
hi can anyone tell me if you can use a guarantor for a mortgage me and partner are thinking of buying the house we rent as they want to sell it but partner is on dmp with cccs and dont think we will get accepted we tried about a year ago and got declined, my mam has said she would stand guarantor for a mortgage for us as…
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Woolwich withdraws their 85% and shatters our hope of trading up
2 weeks ago, before accepting an offer on our 2-bed cottage on the market since December, we went to a Barclays branch (current mortgage provider) to see what they could do. She told us that we could keep our SVR on the exisiting balance and take a new mortgage for the extra as long as we kept under 85% ltv, bringing the…
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what are chances of mortgage?
i am hopefully going to go through a mortgage with the clydesdale bank but was just wondering how people think my chances would be... both myself & OH credit ratings with experian show as fair, 2 settled defaults from 2005 (£117 & £45) other than this no other payment issues. take home pay is £2,500 per month. current…
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Buying & Renting / Morgage advice...
Hoping some of you brain boxes can help me... Currently own house its worth 200k, I got 40k to pay off on offset mortgage (House A) Seen a house its up for 210k and I got 30k in savings (House B) . I'd like to rent out House A and take a new mortgage on House B, whats the best way to do this ? Do I switch the mortgage on…
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Help please :-(
I have a mortgage and want to move closer to my sons school. My current house has no central heating and needs a little investement. my first question is. as im a newbie to this. 1. When I want a new home. Do I put my house up for sale first before finding a new home. 2. Is it worth gettting central heating first. I really…
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Can borrow to buy a second house and rent my first.
I want to buy a second house a few miles from where I live as a renovation project (it just needs modernising) and to live closer to family and friends. I own a house worth about 750K with 100K mortgage and I have seen a house I want to buy for about 400K. I would like to rent out my first house to pay the interest on a…
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Trading up - bridging - portability etc
I am currently living in a flat that may be worth £440,000. I have an offset mortgage with First Direct for up to £325,000 at 49 basis points over Bank of England Base Rate, of which only £55,000 is a real debt. I am considering buying a more expensive property (no advice on whether this is a good idea, please, that is off…
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Buy to let re-mortgage
Hi There, We currently have B2L mortgage of 110.000 and the value of the property is 150.000. We are paying 550 per month is there anything cheaper on the market? or are we wasting time and money on reviewng this?
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Any prospect of rates coming down? WHAT is going on?
I saw an interesting feature on the News at 10 last night which highlighted the mint currently being made by lenders at borrowers' expense with the difference between LIBOR and mortgage rates. Re-capitalising, my sainted backside... this is outright and unacceptable profiteering, mostly being led by the banks which…
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SVR or Re-Mortgage?
Hi, 1st post on here, I haven't got too much of a head for complicated numbers, so keep it simple - ish! I have a mortgae of £125K (which is 2 sub mortgages, as had extra lending last year for extension to house). I am tied into one of them for another couple of years (can't remeber exact day) From memory it would cost me…
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Remortgage Options - Do I have any?
Hi Hope somebody might have some good advice for me. Current situation: Bank or Ireland Firststart Mortgage with my mum 5 year fix (5.99%) ends 31/08/09 Outstanding balance ca £149,000 - 25 year remaining SVR 2.99% Bank of Ireland will offer 3 yr fix at 5.49% with £499 fee or 5 yr fix at 6.09% with same fee. What i would…
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Buy to Let 75% Mortgage on New Build
Does anyone know a lender out there offering 75% mortgages on a new build buy to let property. I'm hoping to buy 3 new build flats but the best I can find is 65%. Thanks
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Credit Reports
Hi there I went onto Equifax a couple of weeks ago when I was applying for a mortgage to look at my credit report. I downloaded my report but of course had to put my card details in and set up an account to do it. I've just been reading on this site about how you can cancel your account with Equifax if you ring a number…
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transfer of equity disallowed-why?
had my own mortgage in my name only got married last year and want to put my wifes name on the deeds of the house and the mortgage but mortgage company wont allow her on either, it cant understand why, surely if i die the house would go to her anyway. has anyone got any ideas what we could do, other than get another…
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I've confused the system ..awaiting approval
Howdy I have 90k mortgage(interest only) need 30k to clear everything else, and leave a small sum for a very rainy day. I spoke to my lenders Abbey . No go for additional borrowing or bigger mortgage. They did set up a bank account with them, but I think I'll stick with Barclays. Spoke to Barclays (when I paid a cheque in…
