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Will I ever....
hi guys will i ever be able to get a mortgage again. Ive had my own house for about 7 years, however last year i was running my own business which went bust, i lost it all and had to voluntary hand back the keys for my mortgage property. After 7 mths of bankcruptcy I was discharged as it was shown It was more the…
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Nationwide Mortgage Question
Hello, We was on a fixed rate mortgage which ended almost 2 years ago, and since we have stayed on the mortgage base rate to take advantage of low interest rates. My question is should we want to move, would we have to re-sign onto another mortgage deal or could we stay on our current package? Worth adding we wish to…
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Can a Residential mortgage switch into a buy to let?
Hi All Long time reader first time poster =) I am a first time buyer and have just decided to buy my own flat to move out of my parents house. I have seen a flat i like and am now trying to decipher mortgages. I am intending to move and live here for a year or so and then put it onto rent when i get married and move in…
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Way to calculate monthly repayments
I have looked on Martins various guides but cant find what I am looking for. Is there somewhere I can calculate how much a monthly repayment would be if I borrowed x amount? I can see a guide calculating how much interest etc but I need to know what the monthly amount would be? For example how much would paying say £300 a…
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Can a mortage be "signed over" to one of the borrowers?
Eight weeks ago I returned from a night out and my husband had left. Although he hasn't actually confirmed it it looks as if he isn't coming back. I'm currently 23wks pregnant I want to move back to where my family are so I will have some support with the baby. The only thing that is tying me here is the house which is in…
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Buy to let remortgage
Hi all, I am currently on Santanders variable BTL rate of 4.24% for my flat, which we used to live in but now rent out. This is very good. It hasnt changed for ages. I am guessing that there will come a point that it is worthwhile remortgaging since I am not tied in? Any thoughts on when this might be a good idea?…
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selling partners house still renting mine (HELP NEEDED)
My partner and I have decided to buy a house together. We both own our own homes and have mortgageS on them (my mortgage is less than 1 year old). My property is rented out at the moment. So, how do we go about joining together. Will a mortgage lender lend us anything together if i still rent out or will i have to sell my…
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Will I get a second mortgage on a second property?
Hi, I currently have a mortgage with C&G on a property in Wiltshire, which I rent out. Due to me buying the place at the peak of the house prices, the LTV is quite high at around 95%. Still, the place has been rented out for the past year and the mortgage is paying by the rent. I don't want to sell the house for at least…
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20% deposit good enough nowadays???
hi. my boyfriend and I are looking at buying a property for 180000 (its in his family so a private sale). Would you say 36000 (20%) should secure us a good enough mortgage deal? We are selling our home and providing we sell for 145000 we will have 36k to use as deposit - in the meantime the existing mortgage amount is…
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Long mortgage term + no ERCs = more flexibilty?
We're currently examining our options on a mortgage of about 200k. I get a special rate from my employer, and one of the advantages of it is that there are no arrangement or early repayment charges. This means that we can overpay the mortgage without penalty should we want to do so. One option I was thinking about was…
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woolwich mortgaes
:jDoes anyone have recent experiences with getting a mortgage with the woolwich interms of application to offer time? My husband is self employed which appears to make a difference. Any other suggestions for a fast turn around time and a good deal?:rotfl:
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Paying of mortgage in full
Hello, I have just joined the forum & would be very grateful for some advice on what, on the surface, could be a very simple problem. I have 2 mortgage products. 1. A current account offset mortgage for my own home. Home value around £240K. Remaining balance around 95K 2. A BTL mortgage on a small property. Current value…
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Paying off a mortgage
This is probably a bit "A.B.C." for the forum and comes from someone who is in his 40s and a mortgage virgin. To explain I work overseas & has stayed with family when in UK, suddenly a nice property is coming up close by to my folks and don't really know where to begin, I think I can stump up a reasonable deposit and…
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remortgage with lower wage
We're thinking of re mortgaging next year, our home is worth about 120,000 and we owe about 60,000 but our income has gone down a lot, I'm having a year off with our kids and DH's salary has gone down to about £20000 in a new job. Would we get a mortgage on just his and if we wait a bit longer till I'm back at work, I'm a…
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Best way to borrow money
Good morning everyone. I was wondering what people thought about the following. I am due to have some building work done (well in about 5 months), and expect to pay about 35k (I've got the builders sorted, quotes etc) I have been overpaying my mortgages over the years, and intend to take money out of one of them, I was…
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What would you do?
If you were in this situation... Flat for sale, expect to get 100k for it. Will have 55k deposit after current mortgage is paid off (and stamp duty, fees are factored into this) Want a house that is 135950 So need a 81k deposit. No bad credit, decent wages (20k & 24k joint application) I was looking at 10 and 7 year deals,…
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Mortgage balance
bit of advice please had mortgage for 8 years with halifax, been given 2 outstanding balance figures £3k difference (halifax now saying its the higher figure and admin error) i would like to check for myself as its such a large difference any advice on best way to do this? Can i request 8 years worth of statements?
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Mortgage help concerning a break-up
Sadly my former girlfriend is leaving me and we have a joint mortgage. She has given me two options, 1) to sign the property over to me (though Iam not sure she can do this). 2) Sell the house. We had the house valued in jan 2010 while considering a job move. we were informed that we would be lucky to break even, if it did…
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Next time buyer - porting mortgages/95%ltv/options????
Hi, I'm looking for some advice..... I currently have a mortgage with Natwest, outstanding balance is around £97k. Our house is lkely to achieve £100k in the current market. We would like to buy a bigger house, but as we have such little equity not sure what our options are? We have managed to save about 7k towards a…
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Renewal & moving home advice with Northern Rock advice needed
Hi guys, Apologies in advance as i'm really not clued up on this at all and hoping there's someone here that can shed a little light. Myself and my husband bought our home 6 years ago for £61,500 and took out a together mortgage, borrowing extra on top. We are in serious debt but are sorting that out in the form of a DAS…
