-
Guarantor who is a friend not family member
Curious to know if any brokers out there, know of any lenders who would entertain this setup. I know this site shouldn't really be used for this type of question, but im sure someone could benefit from the knowledge. It is my understanding that this is not possible but I would appreciate any guidance. Many thanks in advance
-
Cheltenham and Gloucester
Hi, Just wondering do tracker mortgages with Cheltenham and Gloucester still have the drop lock option (i believe it's called) when you get the chance to move to a fixed rate for no penalty? Thanks
-
103% LTV - fix rate offered by current provider - should I do it???
Hi All Grim news that my mortage is at 103% LTV. A+L are my provider and I am currently on their SVR. Would I be offered a remortage anywhere else with that LTV? Do you think 1.5 year at 5.49% or a 2.5 year at 5.99% is a reasonable offer? Any advice wouldbe very greatly appreciated Thank you
-
Hi all...
first post on MSE although been a follower for quite a bit now. Myself and my gf are in the process of purchasing a house in Northern Ireland. Basically everthing is in place and we are only awaiting some documents in relation to the builders gurantee?(as the house is only 2 years old) and the deeds. I was wondering what…
-
Aviva with profits policies
http://www.ifaonline.co.uk/ifaonline/news/1433733/aviva-cuts-final-regular-profit-bonus-rates Despite being one of the better regarded funds, Aviva's WP fund averaged returns over the last 5 years of only 4.6%. So when looking at forecasts of likely maturity values bear that in mind, as it was formerly thought that Aviva…
-
Removing ex partner from our joint mortgage.
Here goes. Just split up from my Fiance of 5 yrs. We want the mortgage to go in my name (his compensation for any equity is (however many years) paying no maintenance for his son). We have a Northern Rock Joint mortgage. Will they need to see all my incomings and outgoings and set up a new mortgage or can I get a solicitor…
-
Ist time mortage buyer advice needed!
Hi I currently own a second house, I want to sell this to my son but for a lot less than the house is worth,( he is actually living in it at the moment and wants to buy it off me) to help him get on the property ladder. Does anyone know if there is a lender who would take into account the fact that the house is worth more…
-
What to tell the bank? First time buyer or not
Hi, I have a mortgage on a house already which I own half with my brother. I am now buying a place with my girlfriend who is a first time buyer. How will the bank view this? Some of the best deals are available to FTBs so I would prefer to say I am a FTB with her. Thanks
-
Halifax consent lease - Huge hike and arrangement fee! Advice needed
I posted this on the rentals board but someone suggested I post it here as well. Ok I'm really shocked by Halifax. Basically my wife and I own our 2 bedroom house in Brighton and want to rent it out and rent a flat in London as we need to move for work. We currently have a 2 year £200,000 tracker mortgage running for…
-
mortgage payment gone up by almost 300%
Here's a good one thought I'd share, We received a letter on Monday from our mortgage company telling us that as from August our monthly payments will be up nearly 300%. that's up by £900 a month. We've come to the end of our special rate and there is nothing else available... Have taken advice and been told to either sell…
-
big house bigger problem (part deux)
With apologies (am a newbie so let me off) I posted this on house buying/selling but I think it might be a question better posed on this board. Sorry for posting twice tho............:confused: Three years ago we (i) was blinded by beautiful showhome and bought a big house with commensurate mortgage fxied 2 yrs at 3.99%…
-
Home share?
We would really like a home of our own and today it was suggested to me that it is possible to buy 50% of a property and rent the other 50%. Does anyone know much about this or had any experience of it? We would be first time buyers and don't have any debt. We don't have savings either but have access to a £5k overdraft.…
-
Will a mortgage lender take in to account a very near pay rise?
I am a teacher and my pay rises in September by £2500, which means the amount I can borrow in 2 months is more than I can borrow now. However I need the the full amount (taking my pay rise in to account) to be lent to me now. If I have a document from the my school confirming my pay rise, signed by my headteacher, will…
-
end of fixed rate- what do I pay?
my mortgage terms state: This condition applies to product Q5RM. from the day we make the loan up to and including the 30th day of november 2009 the interest rate we charge will be fixed at 5.69%. after that, the interestb rate we charge will track the base rate for the remainder of the mortgage period at a fixed…
-
A lot stupid - with mortgage
Hi all, i really need some advise (like everyone on here i guess), Me and my hubby are in real trouble, long story short our house has been repossessed. We have had our house on the market for about a year with no interest in it, we had a phone call from the estate agents this morn saying that she went to do a viewing and…
-
House value or market value
Just sold my house today (in Scotland) and called the halifax about my mortgage promise the house i'm looking at to buy has been reduced by quite a bit and I reckon it will value more than the price i'm gonna pay, when I spoke to halifax they would only base my mortgage promise on the purchase price and not the valuation…
-
limits on mortgage offers from one lender?
We have a tracker mortgage with HSBC and are biding our time before moving back to a fixed-rate mortgage with them, so as to make the most of the current low base rate. Following articles in the press that fixed rate mortgages were about to start going up, we recently requested offer documents for a fixed rate mortgage…
-
Leasehold- wrongly informed
We brought our property in June 2007 which we were informed by the estate agents that the lease was 90+ years I think it was 92 years need to check this. We had lots of difficulty moving into our flat. However after we moved and were in our property we recieved a contract for our lease which states we had 83 years, so now…
-
Which mortgage shall I put savings into?
:confused: I have three mortgages, two are on buy to let properties, one is on my own residence. I have some savings and the opportunity to pay off some mortgage. Which on shall I put the money on? All are interest only. Own house - Largest mortgage, smallest rate as is on SVR. 5 years to go, would not get another…
-
in midst of 2 year fixed rate. should i switch?
i have a 130k mortgage and just before the current crisis really took hold signed up for a 2 year fixed rate of 5.78% (seemed like good advice at the time). i'm wondering if should should bail on this deal and move to a new mortgage. the penalty for early change is £1990. any suggestions? many thanks max
