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historic mortgage rates
Hi all, I am pondering on a five year fix mortgage or a 2 year tracker deal with overpayments and then seeing what's best in 2 years time. Currently my best 2 year variable deal is 2.14% above the base rate and the 5 yr fix is at 4.79(4.27%pt above the base rate) with YBS. From experience if the BOE base rates are high,…
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Interest only mortgage
We switched to an interest only mortgage a few months ago. Our mortgage lender agreed to it for 6 months and then it would be under review. Our situtation is unlikely to change for the better for sometime so we will be stuck on interest only for a while yet (probably until I can go back to full time work when my youngest…
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Northern Rock, where would I like to Port them to?
My wife and I need to move from Milton Keynes to Hampshire to look after our parents so our house is on the market. We chose to market via HouseNetwork.co.uk rather than an estate agent because it seemed worth the gamble given that we've paid HouseNetwork £400 and our estate agent wanted £5,500! The good news (fingers…
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Can I remortgage on an unencumbered house ????
Apologies if this is in the wrong place !!!! Is it possible to take out a mortgage on an unencumbered house? (think that is the correct term - I own it outright - I have no mortgage on it) I've been told that I can and I can't (on both counts, just by friends and not by a professional). I, at the moment, am a stay at home…
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Buying with a parent...
Hi I am looking to buy a property in London... my father is kindly offering to buy half the house in his name, so I plan to get a mortgage for the remainder of the value of the house with a smallish deposit of my own. This is great, and we have found a property. I have spoken to a broker and he has found a variable rate…
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Advice needed re: Additional borrowing
Im looking to borrow 50k on my mortgage for the purchase of land for a self build, my house is valued at 200k, my current mortgage is for 74k, so wth the additional borrowing it would be 124, still affordable and my house is currently for sale. I would just like to secure the land before i sell my house if you know what im…
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LTV Question
Now this may be a stupid question but if you wanted to borrow slightly more money for home improvements due the house needed upgraded (double glazing new kitchen etc) how do they calculate the LTV percentage for example Deposit of £50,000 House Value £200,000 but you want to borrow £170,000 would the LTV be 85% in this…
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question re mortage early repayment
Hoping somebody may be able to advise; we're both somewhat mathematically challenged :( We're currently almost two years into a 16 year term tracker mortgage of £60K. Currently paying interest only (fantastically low at the moment) due to one of us not being able to work. That situation will, hopefully, change in the not…
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Mortgage, or Loan?
Hi all, I have a general query: Me, mum & dad have lived at the same address for many years, and, in fact, the Mortgage will be paid by this autumn. What we want to to is transfer the deeds to me - in other words, me buy the house from my parents. It wouldn't be for the list price, but a gift-sized 40,000 - 50,000 pounds,…
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Mortgage Protection
interesting article about mortgage protection will investigate, I-Protect has been recommended, can anyone else offer any other recommendations. this could potentially save quite a lot of money. well done Martin
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Happy Ending Abbey/Santander Story!!
Well, it's nice to know not all deals with Abbey end in tears! :D Applied for a mortgage just under 3 weeks ago. 85% LTV and a pretty damn big loan at 340K. Having taken some advice on here, went straight to my local branch rather than via my usual whole-of-market broker, and because I am a current account holder so could…
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Inherited Mortgage
Hi folks I'll try to keep this short. My dad passed away last month. My mum's name is still on the mortgage and the title deeds to the house (joint tenancy), despite them having divorced in 1990 and her subsequently remarrying (perhaps something got lost in the post!). Neither my mother or I were aware of this until I went…
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After exchanging contracts
Evening all. I mentioned in an earlier thread that the mrs and I are looking to buy our first home, so obviously we're not in a chain. However, the rental house we're in requires 2 months notice to leave. Can anyone see it being a major issue that we can't move into the new house until 2 months after exchanging contracts?…
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Intention to have a lodger causing problems
I've looked into the govt's Rent a Room scheme* and it seems like what I'm after. My partner and I have a LTV around the 50% mark and want to have a lodger to help pay off the mortgage faster. I was initially very much liking First Direct's BRT offset mortgage and started the application process, but I just called to ask…
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Mortgage advice please
Hi My fiance and I are looking to buy a house, have £20k deposit and will need to spend about £180k-£200k in East Renfrewshire (v popular area due to excellent schooling). Both of us had previous credit problems (me a trust deed (like IVA) and he a CCJ but both of these were over 6 years ago and are no longer on our credit…
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Claims management companies
Does anyone know about a claims management company called Loan Resolutions?
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Commercial Remortgage - please help.
Hi, I was hoping that someone could help us? My families business really needs to change the mortgage as we are currently being charged 15%! (owe 280K value of property approx 500K). We really can't go on like this as the mortgage is sucking up all of our money. We have recently been turned down by Lloyds and have a pretty…
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Porting my mortgage, can anyone give me some advice?
Hello, We have had an Interest only self cert mortgage with Mortgages PLC for £180000 for around five years. Before anyone gets the wrong idea the reason it is a self cert was not for "liar loan" purposes but it suited my self employment, our deposit was substantial and we have never missed a payment. The price of my house…
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Buy To Let if house doesn't sell?
Hi This may be a silly question so please bear with me! We want to sell our house to buy a house/shop with a commercial mortgage. If our house doesn't sell (or even if we think it may do but want to gamble on house prices going up), would it be feasible to change to a buy to let mortgage and borrow up to the current value…
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BTL advise please
I purchased a 2 bed apartment in June 2007 as a BTL, it was a new build and I paid £124,800. I took out an interest only mortgage for £72k. The difference was inheritance from my Aunt. Fast forward 3 years and my Interest only mortgage with the Chelsea is coming to an end. Chelsea have decided to increase their interest…
