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First Re-Mortgage - advice
I have a flat which was bought with a loan of money from my Parents. The flat is in my name but I have a legal document that states that I have a debt to my parents. They have asked me to repay the money of which I am more than happy to do, so I am now planning on remortgaging the flat (currentky owned outright in my name)…
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Mortgage advice
I own my house with no mortgage which has been up for sale for a while now. I wanted to sell the house and using that money plus money saved buy a new house but it is taking too long to sell and I need to move ASAP. I would like to buy a new house using 55% saved money and have a mortgage for the remaining 45% which I…
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overpayment OR change repayment ratio?
Hi guys, About to come to end of fixed rate have been offered 2 or 5 year fixed with RBS (current lender) We have a part repayment/part interest only. Now if we go for 2 year deal we could afford another £100p/m so do i get them to change the ratio of repayment or leave it as it is & overpay by £100p/m? Does it make any…
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Can I repay my mortgage without using a solicitor - in scotland?
Hi I will be in a fortunate position next month and will be able to repay my mortgage in full. However, can I do this myself or must I employ the services of a Solicitor? As stated above, I live in Scotland. I believe I need to contact my lender for redemption figures & daily interest charged. Do I need to ask for anything…
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Arrears on Mortgage advice
Hi I have £1400 arrears on my interest only mortgage of which my current deal comes to an end in July this year. The arrears have come from being made redundant and putting my payments on hold for three months. I am still not in permanent work but seem to be having a steady flow of temp work at the moment. I am paying back…
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Fox&Sons
Hi, Could anyone tell me if Fox and Sons are likely to be "Whole of the Market"? Thanks
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How much do you have left after mortgage and bills
Hi, I was wondering how much money people with mortgages recommend having spare after spending it all on bills and mortgage. This would be for emergency repairs on your car, house, any entertainment etc.. The reason I ask is because I want to buy a house but I don't really know how much to borrow because I don't know how…
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New job at worst time?
Hi We had an offer accepted on a house on Saturday. We've got an AIP (Mortgage Certificate) with HSBC and have an appointment next week to do the full application. So far so rosy. Went back to work yesterday after two weeks off to be told that my post is being transferred to a different department. My head of department is…
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Does HSBC negotiate on interest rate
Hi, I am looking for a 80% LTV fees-free product from HSBC for a home purchase. I visited the branch today & was asked "what rate were you previously quoted". Unwittingly I told what I saw on the internet. But I suspect I was asked this, because perhaps there may be a possibility that I could be offered a discount. Does…
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Mortgage application depression :(
Hi Both my self and my wife are looking to buy our first property via a part buy/part rent scheme. We have found the perfect flat, valued at £190,000, and would like to buy a 25% share (£47,000) initially. We have saved for a 15% deposit, so the mortgage we are looking for is around £40,000. The rent payable for the other…
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Gifted Deposit Question and a general one?
I've been trawling through all the 'first time buyer help' type threads cause I'm a novice as well and they answer a lot of my questions. But I do have another... ...my friend told me (haha alarm bells ringing) that it is possible to secure a deposit using property you already have. Now does this in theory mean that my…
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FTB if you've come off the ladder?
Hi, My husband and I are selling our home. After we've paid the mortgage and the estate agents' fees we will only have a deposit of about 5% of the value of any new home we could buy, so I doubt we're going to get a mortgage (if anyone knows any 95% lenders out there, let me know - we have excellent credit ratings, joint…
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BTL or cash buy?
Hi, Firstly apologies, I know I should have done my research first. I will do some tomorrow. Myself and DH have been talking of doing BTL for a few months now. We would like to do some kind of investment for our childrens future. Here are our details. We're both 31 yrs old. We have one child. Our house is valued £175k.…
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New Mortgage Deals
Hi, Does anyone know a good website (or other mechanism) where you can track new mortgage deals at they come to market? I've got a mortgage rate lined up, but want to able to track new rates to make sure it remains the best deal available to me. Thanks
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Applying for a mortgage - new job
Evening all, Just wondering if anyone has had a similar experience? 4 months into a new job with 2 months left on my probationary period and FD have refused to entertain my mortgage application. They want me to come back in 2 months (by which time it will be to late.) Ing Direct however never asked about a probationary…
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Buying ex out of mortgage
I am in the process of buying my ex out of the house. I have also come to the end of my tie in with current mortgage provider. I am going to move to another lender but my current lender said that whichever way I do it I have to pay a charge and go through a seperate process to remove my ex from the mortgage and the deeds.…
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FTB needs help with home insurance applicationfor our mortgage application
Hi, Im a FTB and in the process of buying a 2 bed house. We have arranged a mortgage with Abbey via a broker but we are arranging the buildings&contents insurance ourselves. I would like help in knowing what date to put on the insurance application for the policy as we need this completed for the exchange and we are unsure…
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What happens at the end of my fixed rate?
I took out a mortgage just over 3 years ago now, it was fixed for 5 years. my concern is, at the end of the 5 years, my house is probably going to be worth less than the mortgage, as at the time we were given a 100%. I know its too early to start looking at new deals, but just wanted to know what would happen, as i cant…
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Equity as deposit
Following a very severe divorce settlement I am at the foot of a very long snake trying to get back on a ladder. I have no deposit but did manage to keep a 1/6th share in my parents property. This share is worth about £30,000. Am I able to use this equity as a deposit towards purchasing my own property and if so how is the…
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Further Advance - Loan required- help?
Hi, We purchased a property 4 months ago for 867K, taking out a mortgage for 550K and holding back an addtional amount of 150K of cash for the rennovations. We received planning approvals and put the work out to tender but it has become apparent that this is going to cost more than we first thought. We are short of approx…
