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newbie, mortage arrears, lpa reciever
hi,im new to this site and just wanted to ask advice on my situation, i have two houses one i bought to renovate over 5 years ago which i completed and used equity to purchase a house that i would restore as it is a much older property i did this not to make lots of money but a general interest in period property and…
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Additional Borrowing for Home Extension
Hi, We are looking to extend our home and have approached our existing lender to get a rate on remortgage. The YBS say we cannot do this as we are fixed to April 2012 on existing product. We are looking to borrow £45-50k and they have suggested their additional borrowing rate which is bank base + 5.49% with no ties and…
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Mortgage help needed please, completely lost not sure what to do...
Hey Folks! I wonder if anybody could help me, or at least point me in the right direction??? I think I need to remortgage, I've been trying to get my finances sorted over the last year and now it's my house's turn!!! Here's a few details: Current lender: Mortgagae Agency Services Number 5 LTD Outstanding balance: £77000…
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MSE News: Can the self employed still get a mortgage?
This is the discussion thread for the following MSE News Story: "Loans where you declare your income without proof will be banned next year, but there's still hope for the self employed ..." Read the full story: Can the self employed still get a mortgage?
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Release Equity
Hi New to this forum and this is my first post as i cant seem to get an answer browsing on the net. My parents are currently living in a property that is to be 100% freehold very soon. Its worth about 175k and would like to release £100k equity from the property. Is this possible, if so, how? The plan is for them to move…
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New job - will I struggle to get a mortgage?
My partner and I are in the process of selling his house to buy one together. I have recently been made redundant but have got a new job lined up so I wont have any gap in employment. My partner started a job in April (after having worked for the same company for 14 years) As we are both still in our probation periods will…
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2nd Property/Mortgage Tax
Hi Total novice here:o. I have a mortgage on my current living residence. I have a 2nd property which also has a mortgage. I will be renting out the 2nd property and be expecting a rental income of £400 which is also the monthly mortgage payment on the property as well. As I am not making a profit, do I still have to…
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Choosing Best Morgage
Hi, I'm looking for a mortgage and I'm stuck between 2 main choices. Both are lifetime tracker morgages. To simplify the comparison lets say the mortgage amount is 300K and I plan to make repayments to cover both interest and capital. Option 1 is with First Direct. Its 1.79 above base, so currently 2.29%. Option 2 is with…
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Remortgaging?
At last I am coming out of a 6.19 fixed rate. Is it worth considering refixing or just sticking to the variable rate until interest rates begin to creep up and then remortgaging? I was stung 2 years ago and had to pay a whopping £1500 for the product as well ... so the approximate 50% less in interest per month (for the…
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Hallmark Finance
Has anyone used or heard of Hallmark Finance? They are offering to remortgage my buy-to-let house in West Londony, worth £400k, mortgage £300k, at a 5 year fix rate of 4.4% or variable rate of 3.95%. They want to charge 1% broker fee, but claim there will be no arrangement fee payable to the lender (other than usual…
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Lease panic
OK, please be gentle with me as I know I may have been stupid here. but was acting on advice and hoping that this isn't the terrible error I fear it may be. What has happened is that when we came to the 'how many years left on the lease' question on our mortgage ap, I consulted the estate agent and he told me to put 99…
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Abbey withdraw offer and due to 60 day credit check rule - please help!!
Hello, Im very new at posting here. I have recently recieved confirmation that my Mortgage Application with Abbey has been accepted. I chased on Wednesday as we had not received the offer only to find out that it had been withdrawn due to a false late payment on my account (to summarise barclaycard made an error and after…
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Mortgage Accepted with hefty overdraft usage!
Hi Everyone, Just wanted to share with you some positive news. About a month ago I had some concerns about my mortgage application, as each month I use my agreed overdraft. Agreed at £1.5k and I dip into it each month by several hundred pounds. However, each month I save £1k. I was worried that using my overdraft would be…
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Topping up mortgage loan with private savings
Hi everyone, I am looking for some urgent advice on buying a property that I have fallen for! We found a house we liked that is on at £320k (for arguments sake say we need to pay full price to secure it) but mortgage lenders will only lend us 90% of property value and to a maximum loan of £310k could we take the £310k…
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I'm renting - buying a house for parent
Hi all I sold my house and am renting in a new area for six months and will be buying again with my husband within the year. My mum is retired and is looking sell her house to down size where she lives. She would only have 40- 50% equity to put towards the new house she would like to buy and cannot get a mortgage because…
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Rent to buy
Hi, I’m thinking on buying my first property ideally on a kind of rent to buy scheme, Where I can live in a house pay the rent (monthly) which mostly goes to paying off the house!! Is there such thing? and who offers these type of mortgages? Thanks, Richard
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BTL interest rates?
What interest rates could I expect to be charged for a £60,000 loan? Can any one suggest a company to try for a btl mortgage. Mortgage advisers on MSE please feel free to reply. Fortyfoot
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Help : first time mortgage advice
Hi, I was wondering if anyone could give me some advice I am self employed and I'm a low wage earner under 10,000 at present and was trying to get a mortage on a small business premisis. I am looking to improve my business turnover in the future and have an oppotunity to by a place which will also be a future investment. I…
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Mortgage Dilema - Advice Needed Please
Hi In 2007 myself and a friend took out a mortgage together. Since then it has became untenable and I really need to move out. The problem is the amount of mortgage we took as it was a 125% mortgage. Here are the current details:- Outstanding Mortgage - £83000 unsecured loan - £26000 term left - 32 years interest SVR -…
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Phoenix Endowment - Opinions please ?
I have an endowment mortgage with phoenix:mad: I posted this a few years ago and a lot of people advised cashing in ,but my IFA at the time said it would be better to leave it and "wait and see" for a few years, so I did. I'm annoyed and angry with the whole thing, but would like to gauge some opinions on what the best…
