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How long to setup a mortgage?
Hi, I know this is a very generic question, but how long does it take to setup a mortgage? I have some savings, and no debt (and no property to sell), so there shouldnt be any complicating factors. I presume everyone on here would advise a fixed term mortgage seeing as interest rates are only going to go one way(?). Has…
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Extension of consent to let
Hello, I've currently got consent to let on my mortgage with HSBC, and I've have a tenant in my flat for coming up to a year. I'd like to know what happens after 12 months as this was the period of the consent. Does it automatically renew? Do I have to apply for extension? Do I need to convert to a buy to let mortgage?…
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Tennant in property until Oct - can we still buy house now?
Hello We are in a position where we have fairly rapidly outgrown our 2 bed house (2 kids in quick succession) and have been forced to move in my Mums place temporarily as there is more room. We have a tennant in the property at the moment (contract runs out 1st Oct) Hypothetically, if we saw a property on the market now…
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BTL Mortgage Deals
I am look for mortgage product for a 75% BTL mortgage. What's the best deals out there? Fixed if Poss and low Fees. The best I can find is 5.50% Fixed 2Yrs and £1650 Fee Does that sound good?
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Buying in America
Hi, any advice on borrowing in America.Im looking to buy but havent dealt with any banking groups over there or are there any groups over here.........dont know what are good rates or what are bad.....any minefields to watch out for?????????? pedro.:)
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Secured loan query
I got myself into a desperate situation a few years ago and took out a secured loan at a horrific 13.4%. I was self employed at the time and it was the only way I could see to get out of my debt. Since then, my business has folded and I had a nervous breakdown. I went onto DLA and Income Support in 2008. The secured loan…
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Court on Thursday please advise
My mortgage was £850 a month over 15 years, i paid this amount into the bank each month, i had an overdraft of £17,000 on this account, i should say they are both with the same bank about 2 years ago i got a letter from the bank to say i was 3 months behind with mortgage, as i had been paying each month i was confused so…
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Has it happened?
OK own up who finaly got fed up and fixed the board.
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Anyone use HSBC for their mortgage?
Hi everyone, I'm at the end of my fixed deal with Yorkshire Building Society. They are wanting £995 in fees to go on a BOE + 1.99% tracker for 2 years. But, my bank - the HSBC are doing a BOE + 1.99% for £99 which lasts forever. I'd stick with YBS if it weren't for the fact that in 2 years I'll be having to pay over…
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Post of Early Repayment Charge
I have been looking at the post offices current trackers. They refer to an early repayment charge of 2% of the sum repaid for 12 months from completion. What does this mean in practice?? If I have a mortgage with a monthly payment of £1000 for ease of figures and I decide to remortgage after 8 months because the BOE Base…
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Trust Fund included in mortgage calculation?
Hi there I was wondering if anyone knows of any mortgage companies that include a monthly trust income as part of their calculations? I get a regular income that is more secure than any job but a lot of companies do not seem to accept this. I am hoping that there is a company out there that does as it really will make a…
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Transfer of Equity - can I do anything myself
I'm transferring the mortgage from my partner and I to just myself. I've also got to do an equity transfer for the freehold - we own half (we don't have a management company, its just individuals placed on it separately. So far my best quote is £475 including VAT. Is there anything I can do myself to reduce this cost? I am…
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mortgage application on homebuy
Hi I am applying for a joint mortgage with my fiance under the homebuy direct scheme. I checked my credit report today and halifax the lender did a search on me on Friday. However my boyfriend hasn't been credit checked by them yet? Is this because I am the lead applicant as I earn the most? I just thought this was a bit…
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Mortgage
Hi There I was wondering if I could get some advice. I know Mortgages nowadays are near impossible unless you have a good credit history and large deposit but I am just wanting to know what situation we are in and what we need to do to ge into a position of getting a mortgage whether it be time or money etc My Situation is…
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Interest only payments question
Hello Today I phoned Halifax Bank regarding slashing my repayments as I can't afford the current ones. They gave me the option of going interest only for the remaining 2 years of my 3 year fixed mortgage. Result of this would be a drop from £638 pm to £548pm. If I paid interest only for 2 years, would any other lenders…
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on a dmp but wanting to move another mortgage??
Hi All We have quiet a bit of equity in the house we live in but we are wanting to move sell it,pay the dmp totally off and buy another house does anyone know any mortgage advise??Would we get another mortgage??If so who with which banks/building s doesmortgages for people like us????/Help please!!!!:(
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Mortgage Terms and Conditions have been incorrectly administered
I've received a letter today from my mortgage company (Hanley Mortgage Services Ltd) stating: 'Following a change in the interest rate applicable to your mortgage account in February 2010 a review of your account has show that its terms and conditions have been incorrectly administered. Your account was subject to a…
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Transfer of Equity problems
Back in February I contacted my solicitor as my wife and I are getting divorced. I would like to keep the house and my wife is agreeable to this. My solicitor wrote to the Alliance and Leicester who forwarded me a pamphlet which I had to fill in to receive an application form for Transfer of equity into my name. Countless…
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Complex Mortgage Query
I have a Northern Rock mortgage with £66,000 remaining on the outstanding balance including redemption. I currently rent this property out as i have a new home. I have recieved an offer of £50,000 for the property £16,000 short of the redemtion figure. What are my choices? I want to be out of the mortgage but dont want to…
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Re-morgaging to another lenders SVR?
Can it be done? e.g. I am with HSBC - their SVR is about 3.9%. LTSB have an SVR of 2.5%. Can you re-finance to another lenders SVR rate, with presumably no fees and tie in?
