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which offer?
Finally had some offers for BTL mortgage,arrangement fee's vary from £999-3500 Which route do I take? ie 10yrs 15 yrs interest only, fixed for 1yr 2yrs. Or repayment mortgage fixed for 1-5 yrs. I am 60yrs old and when probate is granted will buy out my sibbling.Any advice?
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Mortgage offer in principle
Hi all, I have recently applied for a relatively small mortgage in todays terms. After telling the bank involved all my information I was told that the amount I need to borrow was available. I have since sent all my relevant documents to the bank to officially apply for the mortgage but have been told that they will lend…
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Joint Ownership - Removal of
I have a mortgage that was originally taken out with an old partner in 1992. To cut a long story short I took the advice of my local Citizen Advice Centre which was to pay him a small sum and get him to sign an agreement whereby he relinquished all ownership rights to the property. However, I have been wondering how I can…
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To sell or keep my Endowment??
I have an Endowment which was set to pay out £29,000 and has 18 months left to run. It was worth only £15,000 a month ago and this has now dropped to £14,100 should I just get rid or hold in and hope it will go up again!! If I sell where do I do it or should I just get provider to sell for me (Abbey Life). I have now…
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Income Multiples
Hi There, I'm starting the process of remortgaging and potentially moving at the same time. I don't want to put the flat on the market or look for a new property until I know what the figures are beforehand. Currently I own (mortgaged) a freehold flat valued at £260k, so realistically would get £250k for it. The mortgage…
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Part Buy Shared Ownership Help
Hi All This is my first post on this forum and i hope experts will help me out and give me good advice. I am living and working in London from last 5 years and earnings 26k a year and renting a 2 bed flat which cost me around £830 a month and i thoughts its a waste of money as this place will never belongs to me. I do not…
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Help please, regarding a secured loan.....
Help pls, I'll try and explain as simply as I can, I am about to move house. My current house has a 'charge' on it from a secured loan that I took out some time ago. Of which the cost is £145 p/mth. My new mortage putting down 10% deposit and repaying secured loan = £770 or My new mortgage putting down 25% deposit and NOT…
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YBS Offset Mortgage, Its Complicated!
Hi Everyone, was hoping someone might know a little bit more about the YBS offset mortgage as i am a bit stuck. Brief Overview of our situation Me and OH own a property, value £210,000, mortg £75,000. We have just had an offer of £302,000 accepted on a property, which we plan to purchase by putting down a £75,500 deposit…
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gifted deposits
hi guys me again, i have read a lot on here about gifted deposits after a friend of mine told me about them. He said he knew a broker who deals in these "gifted deposits".i asked him to explain and he basically said that his broker knows of vendors.properties etc where the seller will give you the deposit you need as a…
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Refused a 40% mortgage at 7.5%
Hello, I'm looking for some advice on applying for a mortgage. I was very stupid with money when I was at uni and am now really feeling the consequences. I bought a house with my partner at auction last year. He had the majority of the funds with me borrowing the remaining £40,000 from my Dad as we needed a fast completion…
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To Fix or not to Fix.......
Evening All, Just about to come off a fixed deal (5.9% Ouch) and obviously looking to get a better deal. My thoughts are that interest rates are only going to go one way so I have missed the boat for being on a tracker. Therefore I am considering another fix, but the burning question is how long for.? I am erring toward…
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2 year or 3 year fixed?
Coming to the end of our 2 year fix with Nationwide which was at 6.45%, have about £129,000 left on mortgage and house is worth about £150,000. L&C say can't really get decent mortgage anywhere else due to high LTV, say best to stick with nationwide, noticed they have 2 year fixed 3.58% (£495 fee) & 3.78% (no fee) and 3…
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pros and cons of both names on mortgage
I am planning to take out a mortgage. My wife is currently a full-time housewife. Firstly, is it possible take a mortgage out in both our names if she is not making payments to the mortgage? and if so then what are the pros and cons of doing so? e.g. perhaps she will have an income in the future which I would like the bank…
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fair credit rating
hi everyone, i am looking to apply for my first mortage in the next few months so out of interst i checked my credit rating on experian. My rating is fair with a score of 812. I currently owe about 4k on a personal loan which will be paid in 16 months.i have never missed a payment or been late on anything and it says this…
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Ex-Portman Mortgages with Nationwide & Overpayments
I've been trying to sort my mortgage out recently, which was one I took out with Portman in 2001. I wanted to start overpaying to bring the term down. I was initially told by someone on the phone that I was limited to £500 per month OP. To cut a long story short, and after exchanges of many messages on the website, I…
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Can anyone help me please....??
Hi everyone My parents have recently split up and my mum has left the marital home. My Dad is still in the property but is struggling to meet the mortgage payments of £740 per month. He is now in arrears of £500 and the bank wont look at my Dad taking on the mortgage until this is cleared. However how does it work, does my…
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Advice needed-secured loans
Before I start, I just wanted to say that I agree with the general belief that debt is bad and should be avoided at all costs. However, my understanding is that ordinary people like me come onto these forums for practical advice and help (and not to be told off). Everyone makes mistakes, but also deserves not to be judged…
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Britannia / Co-op 5 year Fixed
Has anyone heard any whispers about the 3.99% rate ending today? We have applied for the 5 yr capped tracker with Britannia (currently base rate plus 2.49 = 2.99% capped at 5.99%) but when they cut their 5 yr fixed a couple of weeks back from 4.49% to 3.99% (75% LTV) it seemed that bit more attractive. I thought I had a…
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how to finance an extension
Help. I need to extend my property to provide an extra bedroom so my son has his own room and not in with us. However my mortgage company has told me as i dont have enough equity in my property as it currently stands they are not able to lend any more. They will not lend on the end value once the extension has been…
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Fixed rate mortgage question - sorry if it's obvious!
We're trying to sell our house. We have a fixed rate mortgage. The fixed rate is up in September. This may be a really stupid question, but let's say we sell before then - in July, for example and so we move out in July. Can we just hang on to the money and continue to pay our mortgage as normal until the date we can pay…
