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Shared Equity Mortgage Renewal
In March 2008 we got a mortgage on a shared equity property (we bought 50% share) and it was a 100% mortgage. The rate is now coming up for renewal (6.75% - it was the absolute best we could get at the time for the type of mortgage we needed) and I am terrified that with the state of the market at the moment there wont…
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does a bank charge affect mortgage chances?
hi hoping someone could answer this question for me we have been keeping ourselves squeaky clean, we pay everything on time and live within our means so there would be hopefully no reason for HBOS to turn us down for a mortgage. however this weekend my husband and i made a mistake with our joint account i paid for food…
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Mortgage shortfall - property was sold to a related company to the lender...
Here's a curious one for you. I'm helping out a friend to write to their mortgage lender to ask them to consider writing off a mortgage shortfall. The house was repossessed about a year ago, and lo and behold, 3 months later, the house was sold. I've got the paperwork and the house was sold to...wait for it...an associated…
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Mortgage contract - help!
I made the mistake of buying a property two years ago with a 95% LTV mortgage and am now trying to figure out how to move house. Am obviously in negative equity so have no hope of selling (can't afford to take the hit) and was hoping that I would just be able to rent the place out. My mortgage lender has said that I would…
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Buy to Let
Hi, we moved house about 10 months ago, with my old house i put up to let. i did not change my mortgae to BTL as it only had 9 months to run of its fixed period. now the fixed period is over, (im with hlifax btw) however looking at their site the best BTL is like 5% current SVR is 3.5%. ill happily move as my LTV is about…
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Am I being bought off or should I take the money and run!!
Hello all, I'm worried Alliance & Leicester are hiding information from me for their benefit, please could someone advise me..... My 2 year fixed mortgage has just come up for renewal. A&L have offered me a pretty rubbish rate because of my loan to value ratio. I owe £187k and they now value the property at £185K. This is…
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BTL tax question
Hi I have a quick question that I can't find the answer to? I have simplified it a bit and haven't included the other tax relief etc If I get a BTL mortgage I can claim tax relief on the mortgage interest payments from the rent. What if I own the property and have no mortgage on it? Would I have to pay tax on all the rent?
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Mortage advisors
Good morning all. Looking for a little free advice on who would be best people to talk to. My wife's company is relocating to another area in the UK so we will obviously need to move (full relocation package), We would like to keep our existing house (worth 145k/64k outstanding mortgage (offset)) rent it out (already have…
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Is there a fixed rate self build mortgage on the market?
Hi there, I was wondering if there is a fixed rate option for a self build mortgage on the market? All the deals seem to be tracker or variable rate. If this is the case why is this so? Many thanks for any help or pointers here.
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Fixed rate expires 2010 but ERP expires 2009
I am on a fixed rate until December 2010, however I am only tied until December 2009. I know this is really unsual, however I have checked back my original mortgage offer and this is def the case. Does anyone know If i will be able to come off my fixed rate December 2009 as I will no longer be tied and just go onto their…
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Bank changing it's mind or making an error and making it my problem
Hi, I won't name the bank but here are the facts on our remortgage - very keen for advice before I haul in the solicitors: * Bank offered us mortgage at BOE + x% on 60% LTV. We accepted in writing on their documents. * Valuation came back at +- 67% LTV at value of £y. * We received another offer offering us the same rate…
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Confusion over 'broken interest'
Hello all, Im a bit confused today. Got a letter from britannia BS today explaining what the first payment of my new mortgage would be. I completed on the 1st of October and my first payment is due on the 1st of November. Given that exactly one month has passed between completion and first payment I thought I would be…
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Remortgaging and indecisive.......please help!
My current two year fixed mortgage ends 31/03/10 and as it is probable that mortgage rates will go up? I thought it might be a good idea to try and get something in place now. I have spoken to a broker who has advised that most deals only allow you to reserve the rate for 90 days, however I have seen a few banks which will…
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Advise on property dispute please
In September 2006 me and my ex-boyfriend entered into a jointly and severally liable mortgage on a flat that we proceeded to live in for the following two and a half years. Unfortunately in June 2008 our relationship came to a close with a bang when after a series of violent incidents he threw me out of the flat with none…
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First Time Buyer. Please Help
Hi, Me and my girlfriend are ready to buy a house together, we have seen a mortgage advisor from CountryWide. He has come back to us with a mortgage with an interest rate of 7.19%. i thought this was a little steep so looked on moneysupermarket.com then realised...don't really know what i'm looking for except low interest…
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Advice Please on mortgage situation
Hi, I hope someone on here can give me some sound advice on what options a friend of mine has. They have had a mortgage for three years originally from GMAC it was an interest only mortgage. It has at some point been sold and they have now had a letter which i will insert from Webb Resolutions. (as a new user i could not…
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IF Mortgage changes to Scottish Widows, Help please!
We've got an offset mortgage with Intelligent Finance. They have sent us a letter saying that if we move house after April 2010 then we lose the current deal because Scottish Widows have taken over their mortgages and they don't offer these deals anymore. Anybody else got the same problem / dilemma? Basically means we have…
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Consent to Let, advance and interest only with Nationwide
We are looking to obtain consent to let for a property with Nationwide that we cann't sell so that we can buy a new home rather than renting. We have some money but not enough for 25% deposit - we have been advised to ask for a further advance from the lender first (maintaining 75% LTV)- then a few weeks later ask for…
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Leeds Building Society
Hello Has anyone had any experience with Leeds Building Society. After being declined by Halifax on my shared ownership mortgage last week (they told me they couldnt offer me a mortgage as they were unable to process any more mortgages on the development I am moving too as it is new build and they have over exceeded their…
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best buy mortgage 2 yr fixed 75%LTV
Just thought I would see if anyone could recommend a good mortgage deal. Best we have had so far is 3.99% with Nationwide I think Purchase price £295000 Deposit £73750 Wanting a min 2 yr fixed deal Single app, income £43k gross No other debts
