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First time buyer questions
I was wondering if somebody can help. I couldnt see a similar post. I am looking to buy a property with my partner. She already has a house, but is renting this out. We have been advised to change her house mortgage to a buy-to-let mortgage and to use the deposit on that house (50%) as collateral for our new mortgage.…
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Delving in Deeper on property Charges
Not sure this is the right area to put this post...but it seemed the most appropriate so i thought i would put it on here. I wanted to find out if it is at all possible to find out more about charges on a particular property over anbd above what the land registry details give. The reason for this is that i am looking to…
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Confused First timer
i was hoping for some help please...... my fiancee and i would like to get a mortgage to buy our own home- nothing fancy. i am earing 12k, and have outgoing of £25 per month to clear credit card of £1500, I have £1500 in saving towards a deposit, would I be best to clear this credit card first? how long must debt be…
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A little Mortgage Advice??
Hi Everyone, I hope I have came to the right place for hopefully some advice, I know that no one has a crystal ball so please bear with me. I'm 23, bought my first flat in August 09. I only had a 10% deposit so there was not a lot of great choice for me with regards to deals available, I was only able to put 10% down…
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Declaration of Trust
Hi I am writing on behalf a friend who is in a bit of a dilemma. She bought a house a couple of years back with her boyfriend. At the time she put in £25k deposit and he put in nothing so they had a declaration of trust drawn up that stated that she would receive the £25K back when the house is sold and the rest is split…
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buying a 2nd house, options?
right here goes, im interested in buying a 2nd house and letting it out, ill be letting it out to my mother. Im self employed and what exactly will be my options on deposits etc? should i but it through my business or will buying it personally be better? thanks
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Woolwich permission to let. What will they do to my rate?
I have a residential mortgage with the Woolwich. It is on a five year fix, that comes to an end on 30th June 2010. The rate is 5.69% If I was still living there, I guess I would then revert to the SVR of 2.49 for residential mortgages. I sought permission (consent) to let in September 2008 and this was granted for upto 2…
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More mortgage application questions...
Hi there I received some good advice earlier re. mortgage income multiples. I am thinking of applying for a mortgage in the next year or so, have a deposit of around £20000 and a salary of £22000. I've just applied to see a copy of my credit history via Experian and am not best pleased to see that despite having a wealth…
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Mortgage advisor - competent status???
I have my CeMAP, and have extensive experience in sales, as well as packaging mortgages for a broker, I have also mirrored mortgage advisors whilst they have been out on appointments on several occassions. I am now looking at two options; applying for a job in a high street bank, or setting up as mortgage broker (through a…
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I want to sell my mortgage note
Hi:) Anybody could help me?
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On SVR... should I look to change this? Advice please :)
Hi All, My 4 year discount tracker mortgage deal ended just as the interest rates dropped, which worked out quite well as we are now on C&G's SVR which is currently 2.5% I've got this nagging feeling at the back of my mind that interest rates are gonna shoot up eventually - should I be looking to move this onto a new fixed…
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taking over parents mortgage
Hi, I wonder if anyone can give me some advice? My parents are in the their mid 70's and are struggling with their mortgage repayments. I would like to take over their mortgage (but at a better rate than they currently have), but do not know how straightforward this is or what other options may be available? I am a first…
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Northern Rock Together Mortgage - Remortgaging experiences.
Hi there, I am a Northern Rock Together Mortgage Customer and after 3 years we have just transferred onto the standard variable rate. However I am keen to start preparing to fix again and I wondered if anyone has had any positive experiences with other companies? I am planning to see a couple of financial advisors but it…
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Changing from Repayment to Interest only??
Hi, our current fixed repayment mortgage is up in July, is it possible in the current climate to go onto an interest only mortgage. When should I phone them? We want to stay with the same lender to save filling out forms etc..... we want to give ourselves a 2yr breather...and then go back onto repayment. We have 10yrs…
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Urgent advice needed re: Mortgage!
Hi there, I need some advice re my mortgage. To cut a very long story short, my marriage broke up and I am currently living in the marital home. My husband has said that he would accept £4,500 to buy him out which I could borrow from family members. This is a good figure because if we were to sell the house, he potentially…
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Ex Trying to Force me to sell the House
Hello all, Not quite sure how this works but I will give it a good try anyway!! Me and my ex split a while ago, I have been living on my own and paying the mortgage by myself for the past 6x Months. I now have my best friend living with me. My ex wants to sell the house (for selfish spiteful reasons, nothing concrete or…
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Buying a different house to the mortgage offered one
We have just had an offer accepted on a second house after the first house fell through (the survey pulled up too much for us to cope with and the vendor wasnt prepared to drop the price) What do we have to do about the mortgage, the offer had been confirmed and all paperwork accepted. The new house is a bit more than the…
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Can you move house but not pay off your mortgage?
We hope to sell/move in the next few months. We won't require a mortgage but still owe around £9,000 on our existing one. My question is, do I have to pay off this mortgage for the deeds to be released, or can I just carry on paying the small required amount till it is paid off and (maybe) not have to pay the £500 early…
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Mortgage Repayment Holidays/Breaks
Hi there My husband and I have had a joint mortgage for 4 years, and have taken 2 x 3 month repayment holidays. Of course, approved by the bank (NatWest). We're selling the house, and I now want to get a mortgage on my own for a separate property. My mortgage consultant has found me a good deal with NatWest, and I was…
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surrender endowment or not (12 more payments)
Hello, i am new to posting on the forum but have used this site a good while and found it very helpful. My choice is: went to see Halifax yesterday and was told mortgage of just over 11 thousand to be paid in 5 months. But our with- profits endowment that we have paid 72.18 mthly for 14 years so far will not mature until…
