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Buy to Let
I am new to this -i have got my own house but want to go into the buy to let house investment I thinking about buying a flat I was wondering what mortgages are available ?and how much deposit i need to put down? The Flat costs £110k do i go for fixed? what fix rates are available? Your help would be appreciated
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Help/Advice on taking a name off a morgage, please
My boyfriend is wanting to take his name off a morgage he had with his ex for 2 and a half years, he has been split with her for a year and a half now and wants to buy his own place but says he will have to pay £1000 to take his name off, he hasn't paid anything since they split, he didn't take anything but his clothes…
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Current Remortgage with Nationwide
Hi, Me and my wife are currently in the early stages of going through a remortgage with Nationwide which we are happy with. We decided last week to go for a 3 yr fixed deal on 106000 at 66% LTV at £614 pm over 25 years with a monthly overpayment of £50 every month. We are not going to pay our product fee untill Sat but…
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93% LTV is this a Good deal?
Hey all just rang Godiva about our remortgage and they offered us the following based on a 93% estimated LTV Godiva Calculated LTV 93% New mortgage offer 4 year fixed rate @ 5.59 % till 2014 what are peoples opinions on this? i understand that its not financial advice just asking if anyone has seen a better deal elsewhere?…
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Help with suspended possession order
This is a long one and I will try and keep it short. I don't really know where to start or what to do next. I am trying to help out a family member who fell into arrears with his loan secured on his property. A suspended possesion order was granted in December with a review to be held in 3 months time. When the review in…
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Getting a new mortgage - default on credit file but high credit score?
Hi All, One more takes the plunge... after months of following threads on here I've finally decided to sign up and post! We are just about to move house, and are looking for an 85% mortgage (max 115k). Our earnings are over 40k, so we should qualify for that amount. All good so far - but we recently discovered a default on…
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London & Country Mortgages, Good News !
Often there are 'moans' on these forums but I'd like to report happy news. My five year tracker comes to an end this month (4.9 %) and I approached the brokers L&C to go for another 5 year plan (not the soviet type). The gentlemanly Chris McKee dealt with my call and has called me back to suggest I hold fire and let my…
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Moving to interest only
I want to reduce the amount I pay myself for a period to help get a new project off the ground. I have called the bank and they want me to jump through quite a few hoops to change the mortgage to interest only including going to an underwriter again. What reason would they have to stop me moving? I know they would like to…
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First time buyer
Hi I'm moving out of my parents home, and was thinknig about renting but then someone mention that buying may be a better option for me overall, i currently would be looking ofr a flat of some king for around the £50k mark. Details: Earn £13150 a year Have £10k in savings Currently single hoping to not spend more than £400…
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Mortgage - Proof of how a deposit was saved
We are in the process of buying our first house, The mortgage application is being made through a financial advisor, the mortgage provider requested proof of deposit ,which we see as a reasonable request, and have provided to them. They have now asked for proof of how this deposit was saved. e.g. regular monthly saving…
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90 Day Mortgage Offer
We have recently sold our house, however it looks like being almost four months before we can complete because the bottom of the chain is relocating to this area to buy our buyers house after they retire. We are borrowing extra money from the Nationwide for the extra mortgage but their products expire 90 days after you…
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Co-op, Britannia or Post Office
does anyone know which of these mortgage lenders would be the most flexible with their lending criteria: Co-op , Britannia, joint income x 3.75 or Post Office 4 x joint income my husband is self employed and has 3 years accounts 2008 - 2009 £24,171 2007-2008 £12361 (he was classed as employed for about 6 months of this…
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Can I use house equity as a deposit for a new mortgage?
Another stressed Mum wants to keep her family home after marital separation, but how? We have a joint mortgage, the house is valued at almost double that now. I want to keep the house and give him a cash sum, which he has agreed to. My current provider says they cannot remortage to the value that I need, based on my…
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Bad Credit: Parent Guarantor??
Hi Guys, I am new to this forum and desperately seeking some advice. From reading the posts on here you seem like a friendly bunch!! I am currently looking at buying a house. I already own one which I let out and I am hoping to buy one for me to live in. I was made redundant a few months ago and so I missed some payments…
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how is negative equity paid back?
my partners house is approximantely £15,000 in negative equity and he is thinking of selling it as his ex (who he has the joint mortgage with) has move out and he is struggling to pay the mortgage on his own. If he was to sell the house and made a loss of £15,000, how is this paid back to the mortgage company? I realise…
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Halifax mortgage and certificate of title
Hi wondering if anyone can help me? My brother is looking to buy me out of my share of my late fathers house. My brother has been agreed a mortgage of £100k with the Halifax, value of the property is £200k. The problem we have is that Halifax have sent to his solicitor the certificate of title, stating purchase price is…
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Help with my first mortgage please!!
Hi everyone, just after a bit of advice really please. I am about to buy a house for 52000 pound off my mother and father. the house was valued at 70,000 by the estate agent. i applied for a 55000 mortgage as i have 7000 saved up and wanted to make that 10000 to help with some work that needed doing, like an extension and…
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80% LTV mortgages - renovation
Hi, I am buying a house that needs complete renovation. The cost is £450k for the house. I've just read somewhere that I may need a particular type of mortgage for renovation projects - is this true? The roof is sound by the way. We have enough deposit to fund a 75% mortgage but this would leave us a bit short on…
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Getting out of the Northern Rock limbo
Guys/Girls, I am in need of some practical advice from people in the know. I have one of the Northern rock poisoned mortgages that were around a few years back (2006). It worked out roughly about 103-5% interest only and i was, as the rest were expecting to get over this in a couple of years when house prices rose however…
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which mortgage lender?
I have been speaking to 2 mortgage advisors, 1 is advising wait a few days for new offers, the other is offering Legal and General 2 yr fixed Abbey rate at 3.99 with 549 arrangement fee , free valuation and 250 cashback I have been looking around myself tonight and have discovered better deals 1. Leek Variable 2.95 with…
