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Protecting assets due to repossession
A couple of years ago I entered buy to let mortgages with 3 partners planning to pay back the mortgages with the rent. Now all the properties are in negative equity. Due to no fault of my own, the mortgage company is threatening repossession due to substantial arrears and I am the only one of the four of us that has assets…
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First house bit private sale
Will it make any difference too a ftb if the house in question was a private sale?? I'm currently thinking of putting an offer in but don't know where to start. O.I.R.O £150000. What should my first offer be roughly??
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Whats the best tracker at 90% LTV
As above Thinking of buying a house worth 185k would want to go for a 90% tracker Would want to pay IR less than 5% (preferably less than 4.5%) Cant go with HSBC or First Direct. What are my options. R
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Advice please time to re mortgage?
Hiya Just a bit of advice, our 2 year fixed term mortgage has just ended, our payments have dropped down to a third of what we was paying which is ace :T The problem being we are on an intrest only mortgage, is now a good time to try and find a repayment mortgage or would we be better holding back a bit ? any advice would…
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IF mortgage - re-mortgage with new provider or 'top up' from a second provider poss?
Good evening all Current O/S mortgage with IF: £35K Current savings with IF: £5K Other savings: £5K Additional amount we wish to borrow: £40K Approximate (cautious) value of house: £160K We're thinking of remortgaging to build an extension to our house. We currently have a mortgage with IF.com on their standard variable…
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Mortgage Advisor Trouble
Hey All, I'm a first time buyer and had a bit of trouble today regarding a Mortgage advisor for a estate agents. My appointment with this advisor was at 5pm today and prior to this I got all my mortgage offer and solicitors stuff sorted. I talked to my mortgage person in halifax and solicitors and was moaning about having…
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Your thoughts.........
Hi, We are first time buyers with a 5% deposit, we fancy buying a new house valued at £180k. The housebuilder rang me today to see if we were still interested and said that we were but I didnt hold out much hope as we only had a small deposit, she suggested that I speak to an independent mortgage advisor that does a lot of…
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Can I still self-certify?
Hi, I am currently a contractor and I operate through my own limited company. I have been running the company for one year and therefore have one years books. My partner is full time employed however her income is signifcantly lower than mine. Can I still self-certify? What do lenders take into account, would my one years…
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Let to Buy - Help
Hello, :confused: Can anyone help me regarding let to buy please??? I currently have a fixed mortgage with Co-Op for 5 years at 5.99%. Unfortunatley they don't do 'let to buy' mortgages and have told me an option is to port my mortgage with them across to the property I want to buy and do a 'buy to let' mortgage on my…
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Mortgage declined - Abbey
I currently have a shared ownership mortgage where i own 25% and have my dad on the mortgage aswell(in a temp job when taken out). I bought it for £20k in 2000. I am looking to purchase extra share so got the property valued(£150k). I was looking to purchase an extra 50% but have been advised my dad is too old(65) and if i…
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Mortgage advice for a newbie! :)
Hey all! Me and my partner are looking into getting a mortgage. Going to go down a few banks ect tomorrow, but just looking for any advice you experts can give me? I am new to the whole mortgage thing, and dont really understand it all so would like to be able to understand a bit better for tomorrow. Thanks xx
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Can it be extended?
We're in the unfortunate position that 3 months after our offer was accepted and us being ready to move bar exchange, our vendor has effectivly pulled out. Our Mortgage offer is valid till april, but that was on the current house. Are HSBC likely to allow us to keep this offer, pending a new valuation on another house if…
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Mortgage help please
Hi all, just some general advice please. Our current mortgage is with Abbey (over 126K) It is fixed til feb and will automaticly go to their varible rate of 4.24 unless I arrange a new mortgage. My problem is over the past few years we have become in debt,we are working with cccs and offering token payments etc. obviously…
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Remortgaging mortgage free property
Has anyone had any experience with remortgaging a mortgage free house? Does a lender need to know where the money is going from a remortgage i.e buying another home? How flexible are they with changing reason for remortgage? Any advice would be very helpful!
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Where can we find a decent rate with adv credit?
Can anyone suggest how we can get a decent rate mortgage? We have been turned down by Woolwich and Halifax because my husband has 3 defaults on his credit reference even though they were satisfied Sept/Oct 2007. His circumstances changed at the time and he agreed lower repayments on them all until he was given a lump sum…
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UK Mortgage for UK citizen working in the US
Hi there, my brother is a UK citizen with a UK bank account, married to a US citizen living and working in the US with a green card for about the last ten years. He would like to invest a lump of money in the UK property market by putting down the deposit on a london property which I would then live in, possibly with my…
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fixed deal expiring 25th April 2010
hi i hope someone can give me some advice we purhcased through co-ownership scheme in northern ireland, on a 50/50 basis, in 2007 the mortgage value was £65,00, and the property purchase price was £130,000. we were on a 2yr fixed rate (6.9%) which ends 25/04/10. our mortgage is with the woolwich, and as far as I know the…
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renewal/ change of circumstances
Since we took out our mortgage our income has fallen dramatically due to me going part time following maternity leave and my partner's self employed business suffering in the recession. Our fixed rate is due to end in June. On our current income surely no lender would offer us the £95000 we need to change lenders..? Are we…
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Mortgage but not on electoral role
Hello I have just had a mortgage declined with Natwest and when i checked my credit report i am not on the Electoral role and 2 of my accounts are registered to my old address. I have rectified the address changes however the elect role wont be amended until 01 Feb and i need to mortgage now or could lose the house i want.…
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Mortage Advice For A Money Saving Novice
With things being a little tight at the moment it has made me look at reducing our monthly costs and the main way I think I can do this is looking at my mortage My mortage is a 5 year fixed rate repayment at 5.25% with Abbey and has 2 years to run. The mortage outstanding amount is 110,000 and my house is valued at about…
