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Advice please - could we get a joint mortgage?
Currently renting property with my partner. He has a mortgage on his ex-marital home with his ex which is not selling, and which she can't afford to buy him out from. We would like to buy a home together sooner rather than later. I have a lump sum from my divorce settlement, and from enquiries with my local building…
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Halifax rental Mortgage
Hi all I was in a fixed mortagae with Halifax and due to circumstances i had to put the house up for rental. I was given no option but to transfer the Mortgage into agreement so i could rent out the property which cost me money due to my fixed term not being up. Due to other circumstances me and my ex partner just signed…
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can someone help me with the maths on this please? Endowment payment
Sorry, I have a cold and my head is a bit woolly, I keep getting different answers. We have a mortgage, £82k currently on a fixed rate of 5.29% for another 2 and a bit years. During this fixed period, if we make a payment of capital, we will be charged a 3% penalty of the amount. However, we can make a penalty free…
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Endowment
Hi, I am just remortgaging at the end of a 5yr fixed term, part repayment part endowment. I have found a good tracker and will switch to repayment only. My wife and I have an endowment policy each and both pay 28.88 per month, the policy is 17 years old and is a 25 yr term which was supposed to achieve £50k (yeah right!).…
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Using Collateral to obtain a mortgage
Hi, im trying to buy my first house,I dont have much of a deposit at the moment to speak of but I do own a commercial Fishing boat that is valued at £60K. Does anybody know if my fishing boat can be used as collateral and taken into consideration when applying for a mortgage with a bank??
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HELP!..Common question for Mortgage holders....
An answer to the questions below will help many many of us in same situation out there so please answer, all replies comments welcome We have a Combined % Interest Only & Repayment Mortgage with 7 years left Outstanding Balance = £42.5k of which % Interest Only = £29.5k Repayment = £13k Current % Rate = 0.79% Current…
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Big deposit, low LTV but no credit history
I'm currently looking at a number of properties around the £80,000 mark (FTB) and have a deposit of £30,000 to put down. I've spoken to a couple of mortgage brokers and they reckon that salary multiples will definitely be enough to get the value I'm looking for, but my main concern is my lack of credit history in the UK.…
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Woolwich Mortgage - Which part is best to pay off first?
Please help :confused: with my questions below , all replies comments welcome We have a Combined % Interest Only & Repayment Mortgage with 7 years left Outstanding Balance = £42.5k of which % Interest Only = £29.5k Repayment = £13k Current % Rate = 0.79% Current Monthly Repayment = £170 If we were to make extra additional…
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Chances of being able to port mortgage in future?
I am a first time buyer borrowing £80,000 for £125,000 flat, so my LTV ratio is 64%. I am borrowing 5 times my salary of 16K. I have been told by Alliance & Leicester that the mortgage is portable and if I move I can just port the mortgage subject to their terms and conditions. However I have read lots of scenarios where…
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Help! We dont have a clue!
Mine and my bf mortgage is coming to and end in April and we dont know what to do. We have no knowledge when it comes to mortgages and thought we where doing the right thing getting on the property ladder.We have tried to look on the forum for people in a similar situation to us but we just feel confused :confused: .We…
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Mortgages for self employed
Hi currently on a Abby mortgage @ 5.7% that will end this month, me and my wife want to move to a larger home and we currently borrow about 120k, we don’t want to borrow much more. We should have about 45k deposit. My wife is a nurse, currently part time due to having a new born last year, and I am self employed, I pay…
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Just been offered RBS mortgage, any good?
Just need some advice really, I went to apply for mortgage and have been given a conditional offer by a mortgage advisor. This is the deal First time buyer. House: £240k Deposit: £70k Mortgage required: £170k The mortgage is with RBS and adviser has arranged a 2yr fixed interest only which monthly payment of £750ish. Is…
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Barn (steading) conversion Mortgages in Scotland?
Does anyone know a lender who will lend at the moment for a conversion project in Scotland? :confused: I have only been able to find buildstore who will lend for a new build only in Scotland (although they are happy to lend for conversion projects in England and Wales). Any good alternatives or suggestions for finance on…
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Remortgaging advice - raising some equity
This is a tangent from the Northern Rock thread.... I'm throwing a few ideas around as to how to get away from Northern Rock to another lender and wondered if anyone can give me constructive advice. My husband and I have a Northern Rock mortgage currently on SVR and have no equity in my house, in fact, it may even be in…
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What deals is Abbey/Santander offering mortgagees coming off a rate?
our mortgage is due to come to an end in April, just wondering what deals are being offered to customers at the moment to stay with them. Looking for a fixed rate now, 5 years.
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IFA in the North East, any recommendations?
Evening I'm a FTB looking to buy a house with my Boyfriend. We are fairly clued up with regards to mortgage types etc. but wish to consult an IFA to do some numbers/find out how much we can borrow. I'm having trouble finding some local IFA's who have websites that I can take a look at to find out what they offer, opening…
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Surrendering a House in Negative Equity
Hi there, I'm trying to help out a friend who has split with his wife aand struggling with how to move forward. Their house isn't in a rentable condition and they do not have the money to sort it out, so that's out of the question. They've had it on the market to absolutely no avail and neither of them can afford to take…
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Adverse Credit Mortgage - Need help please
Hello all at MSE We are in need of a mortgage, but it has to be a Adverse Credit Mortgage We need the money to buy a new house, the value of the house is around £600,000 and within a few years it will be even more once work is done to it. We have it secured for £475,000 and we need to borrow £375,000. So far we have had no…
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Alliance & Leicester Plus Mortgages?!?!
Hello. Not sure if this has ever been mentioned previously but Im new the site so please bear with me if i make mistakes. :) I took out a mortgage with Alliance & Leicester in July 2007. I bought the property for £85000 but took out an £87000 mortgage so there was a £2000 loan on top. The mortgage was taken out with my ex…
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Mortgage runs out end of march
right currently i have 2 propertys, one the family home the other rented out I have a mortgage on both the mortgage on the rented property ran out last year and has been on the SVR since then Our mortage runs out march details the rented property house value - £90k mortgage - £81.5k personnel mortgage 90% LTV our home…
