-
Advice please!!
Hi all, I bought my house in Feb 07 for 105000. I've done a load of work on it and just had it valued to my dismay between 95000 - 100000. I hate to think what it would have been had I not done the work. I owe roughly 95000 on my mortgage and at the minute I'm saving a fortune as my fixed rate has ended so I'm on a…
-
Mortgage/House transfer to family member.
Hi all, 10 years ago I used my ability to get a mortgage as my mother was black listed financially due to an unscrupulous husband. She is still in the house and has been paying the mortgage which I’ve classed as rent a room on my tax returns, we are lucky enough to have bought when houses were affordable, and as such the…
-
Post Office mortgage application
Hi all Looks like we'll be going for the Post Office for our mortgage, which means direct application. On the phone, they told me it would be quicker to make the application online. Someone I spoke to was sceptical of this, so I wondered if anyone here had made an application with the PO recently either online OR over the…
-
Common to be asked "where does your deposit come from?"
Is it common for lenders to ask this? Our application is well under way (Britannia Mortgage Advisor gave us an AIP and said everything should be very straightforward, since then their HO is going through our finances with a fine toothed comb). They have had all the standard stuff (including copies of accounts and proof of…
-
MSE News: Land Registry: house prices down 0.2% in May
This is the discussion thread for the following MSE News Story: "Typical property values fell on a month-by-month basis, but also annually for the first time in over a year ..." Read the full story: Land Registry: house prices down 0.2% in May
-
should i change my mortgage
hi im on a fixed rate mortgage with Northern Rock that ends may 2012. the rate is 6.49%. Mortgage is for 140,906.15. I have an unsecured loan running along side mortgage for 21,789.56. If i come out of the mortgage i will have to pay early settlement fee of 5,600.00. If i stay with Northern Rock they have informed us that…
-
mortgage /credit card
Hello users i want to pay some money off my mortgage but thinking of using my credit card ,what does anyone think of this ,i knew its risky but its worth a try
-
buy to let mortgage 0 cost of at present?
Does anyone know how much buy to let mortgages are costing currently? I want to buy a £89,000 flat for this purpose.
-
Transfer of Equity when remortgaging?
Currently the property is in my husbands name. We are remortgaging and adding me to the mortgage. Does anyone know if this is done along side the remortgage or if the remortgage has to be in place first? I'm currently waiting to hear back from a solicitor to see how long it takes but thought i'd ask on here in the…
-
How did you choose your mortgage broker?
Hi All, I am just in the process of wondering where to place a mortgage. There are a number of companies that advertise in the local paper, on street signs etc inviting people to come in, but how did you choose yours?
-
self employed or company mortgages
Im asking this on behalf of my brother for some general advice. He has been a contractor for several years now on a six figure sum. He owns 2 properties and has a clean credit history with full accounts. He is trying to purchase a BTL for £370k with a rental value of £400 p/w His bank with whom he has had a 15-year…
-
Changing Offset Mortgage from shorter term to reduced debt!????
Hi can someone help me with may sound like a simple question but one i just cant get my head round my mortgage is offset and i am on a shorter term so my payment has remained the same for years even though base rate has reduced dramatically i have cut 3yrs 11 mths from my mortgage anyway i am suffering some hardship and…
-
FTB, problem with default
Hi all, My OH and I are FTB with 15% deposit. Recently I found a default on my credit report, which was registered by a mobile company back in Sep 2006. The outstanding blance is about 120 pounds and hasn't been settled yet (I don't even know I owe them money). 1. Does it affect our mortgage application? Does it help if I…
-
Why do I have to pay the lenders land registry fee when I pay this in conveyancing?
My lender is charging a land registry free of £200. Why do I have to pay this when I am already paying a land registry fee of £200 in my conveyancing? Thanks
-
egernal questions about affordability and income multiples...
We remortgaged our current property in October 2008 (previous fixed rate deal was ending) and wanted to borrow £85k on house value approx £160k. At the time the lender (HSBC) got very funny about DH's income not being enough, despite the mortgage being less than 2.5x his annual salary. In the end they insisted on including…
-
Only 90% needed?
Hi there, my fiancee and I are looking at a property which has been valued at 60k, however the seller is willing to let it go for 46k. It's easy enough to get a 90% mortgage just now, 90% of 60k being 54k. Can't we somehow get just the 90% mortgage without trying to find the 10% deposit, which would have to be in the form…
-
Post office mortgage - Help
Hi I am a first time buyer and are in process of arranging a mortgage in principle with Post Office. Sorry if this is an obvious question but I have never bought a house before and am confused as there isnt too much info on Post Office website. We have found a property we are interested in putting an offer in for, do i…
-
Parents battle of house
I have joined this site in hope to get some advice about the problems my mother is suffering with my father. This is a long story and I will not go in to all the details. The problem is that my brothers married from abroad and their marriages did not work out. The wives of my brothers are related to my father. My father…
-
Remortgages - this is the best I can find.....any advice welcome
Looking the remortgage from existing lender. Currently with Virgin One 3.65% variable, interest only. House Value: 410k (possibly more) Mortgage Amount: 205k Mortgage Outstanding: 145k (overpaid/offsetting 60k) Earnings: more than enough to cover multiples (80k combined) Went through broker L&C who were pushing fixed rates…
-
Solicitor Cost Sky-Rocketed
I was recently quoted £300 by a solicitor to under take a transfer of equity for my property after I split up with my boyfriend. The paper work said there may be some additional disembursements, so I called the company and asked what these may be and how much it was likely to cost in reality. The lady I spoke with listed…
