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The end is nigh!
Hi all, My 2 year fixed with A&L ends at the end of this month (5.79%), I will then go on to their SVR of 4.99%. A&L have offered me 4.99% fixed for 5 years with no fees to pay at all. That seems fairly competitive to me and also hassle free! Their trackers aren't much cop and I'd loathe to come out of a 2 year tracker…
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buying share of property through housing association, property undervalued! HELP!
Hoping someone can help. My partner and I are purchasing a 35% share of a property through London & Quadrant. We fit in with their requirements, we viewed the property and left a £250 deposit to secure it, went for the finiacial interview and passed, then applied for a mortgage through them. There was only one provider who…
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95% mortage, 2nd property?
Hey Basically as the title says. I have found some perfect investment properties and want to take advantage of them while they are still well priced. I currently have a house with my family valued at around 100k and would need to get a 2nd mortage, the properties are at around 45-50k each and i have around 5-7% deposit,…
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Joint mortgage with ex - now going on maternity ? what options
Hi I am really stuck with what i can do and would appriciate any advice anyone can give me. August 2008 me and my no ex partner got a joint mortgage of £98000 We have since split up ( junne 09) he moved out and i have been paying the mortgage alone for the past 10 months - i cannot get his name off the mortgage as far as…
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Are we likely to get a mortgage?
Hi Last year my partner and I went to First Mortgage to get advice on how much we could borrow. We were advised to look at houses 125k or less so that we could avoid paying stamp duty. I have read / heard that this no longer applies as now first time buyers don't have to pay stamp duty until 2012?. Anyway we have between…
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Securing A Second Mortgage.
I currently earn £17,000 from my main job and £3500 from a second job. I also own a house valued at £123,000 of which I have a £52,000 mortgage still to pay, the house is currently leased out and I get £105 per week which covers the monthly mortgage of £430. I have spotted a second house I would like to purchase, it costs…
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FTB but with poor credit history
Hello, myself and my fiance! are first time buyers and we have found the house we want to purchase, but are having difficulty getting a mortgage. We have a 10% deposit, and need to borrow £136800. I earn £16800 per year before regular overtime (with OT I earn approx £1800-£2000 pcm after tax) my fiance! earns £17900 per…
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home recovery
hi there, can anyone advice me about re-owning home? I had terrible financial problems and I stopped repaying my mortgage payments. It has been nearly 2 and half years since i stopped my repayments. I was so stupid and I did not make any contact with my lender believing that I did not have any options otherwise. Infact I…
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Mortgage offer but will others lend
Hi all First time post, but interested if anyone has any advice. My husband and i are just in the process of looking for mortgages, we have been to a financial advisor, who has got us a 3 month approval on a 75% ltv mortgage. Ideally we would like to borrow 80%, however my husband has 3 seperate defaults on his credit…
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am i doomed....??:(:(
i applied for mortgage with different lenders.. with two lenders i showed i was employed (which i am ) but with one i showed i am self employed and had accounts made (which are obviously wrong).. barclays i showed im selfemployed and was refused mortgage.. my concern is - does barclays have any way of checking what i…
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What happens at the end of your fix rate term?
Hi i am interested in taking out a 5 year fixed rate mortgage, just a quick question, if i then switch providers to get a better deal once it expires am i looking at fees and extra costs?
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Help/advice with a second morgage.
Hi, I have my own property with a morgage of £120k it has been valued at £170K, my boyfriends is in a similar position with about £30k tied up in his. We are planning on renting both these properties out and getting a new morgage for a third property for us to live in. I have called a couple of banks (where bother our…
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Splitting with partner and moving house, what are my options...
HELP!! I am splitting with my girlfriend after 4 years, we bought a house together 2 years ago and have now split. Does anyone know what my options are in terms of the mortgage, can I transfer our current mortgage to me and then downsize the amount to another property, that I can purchase myself. Or do I need to revert…
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Northern Rock Rip off on further advances
I've just contacted Northern Rock to arrange for a further advance on my mortgage. I was expecting to be able to piggy back a new deal for the further advance on to the existing 5 year deal that I am 2 years in to. It seems that NR have decided that they will no longer allow this, so I have a choice of reviewing the whole…
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mortgage for student?
hi, just wondering if students can get mortgages! I will be a first time buyer and seeking to use my right to buy for my local authority rental. I am a health student so get a bursary, so I'm not an average penniless student! I have seen some websites about student mortgages, but am suspect as they don't seem to belong to…
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First Post - Mortgage advice
This is my first post after browsing this forum for a good few months now. I just wanted to post some details about my current situation in a view to receiving some advice on thew way to proceed financially. My current situation is, I bought a property in 2008 with a friend and we currently owe £116,500 through Nationwide.…
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Barking Dogs...
hi it was here that I discovered at first hand the pitfalls of posting on an unmoderated forum - it's a bit like entering a public park expecting a quiet chat with friends, and then finding out that behind each bush lurks a rabid yet toothless dog waiting to pounce...... .....when one of these dogs identifies you as a…
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interest only mortgage and no protection..
We recently due to cash flow problems changed from a repayment to interest only mortgage, not fixed I am concerned as we have no protection or vehicle to run alongside it, it will be a good 6-12 months before we are financially in better health, any ideas for cover for £150k mortgage....gulp...any suggestions gratefully…
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Turned down by Barclays for moving mortgage
My partner and I are having difficulty getting a mortgage. We currently have £150,000 deposit on a property we want of £325,000. I also have a property valued at £160,000 with a mortgage of £82,000 which is currently let out. I have around £6,000 worth of credit card debt split between two cards which is up to date payment…
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Will my interest rate change if I rent my house ?
Dear All - first time threader - I currently have a 25 year tracker mortgage on my family rowhouse, commenced 3 years ago with one of the big banks. However I am now renting out my property and neither I nor my family live in it. Should I inform my bank ( if that is what most do ) and as a result, what are the likely…
