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New mortgage when existing mortgage has consent to let
I am currently living with my boyfriend and my property is being rented. My mortgage company (C&G) have given me consent to let and I am currently on their SVR. This currently pays my mortgage and leaves me with £250 per month profit. We are looking at selling his property and taking out a joint mortgage together on the…
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Mortgage arrangement fee - first time buyer and unsure!!!
Hi guys, We've just bought our first home and arranged our mortgage with the post office. Like most mortgages on the market just now, there was a hefty arrangement fee on £999 which we simply couldn't afford and had to add on to the actual mortgage. The mortgage we have is over 2 years. I'm wondering what happens if at the…
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Land Registry - Charges register
Hello everyone I need help! I have not long been married and have just registered our home as the 'Marital home'. I have now been sent copies of the Completion of registration and I am confused by something that is showing up! In February of this year (we were married in Jan) there is a charge stating.. (04.02.2010)…
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help! in a mess
Hi, I am on this site a lot and have another user name but didn't want to post under that. I am looking for some advice. My partner and I are on a fixed rate (6.29%) mortgage of £150k with NR until October 2011. We have paid off £3k but due to the way that the market has gone we are approximiately £7k in negative equity.…
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Overpayments on Interest only Mortgage
Hi, after some advice on my Interest only mortgage. I have re-registered again after failing to get my old login details due to an abandoned email acount. Me and my partner are currently on interest only after changing from repayment last year when the missus was made redundant. We currently owe approx 86k on the mortgage…
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Separation - Changing names on a mortgage
Hi, I'm looking for some advice on an unfortunate situation I'm currently in. I bought a house over 2 years ago with my then partner. A few months later unfortunately we split up. Myself and my new partner now live in the house with my new partner effectively paying rent to my old partner (for the past year). My old…
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Mortgage protection policies
I moved out of my last home 8 years and four months ago but have been paying mortgage protection payments each month for my old property which I no longer own. I have had no paperwork from my policy provider, as they do not know my new address, despite canceling my DD in the past only for the payments to resume again (as…
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Group Mortgage on a new Build
Hi, I am looking into a new build opportunity with a joint venture with my parents but its complicated. The Land is £300k with planning to build 4 x 2bedrooms, two of which are attached. We are looking to both sell our houses and all live somehow on the site, caravans etc. Between the two couples we earn £112k per year,…
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Interest Only Mortgage with less than a 25% Deposit?
Hi, I am looking into getting an interest only mortgage and I was wondering what the lowest LVR (Loan to Value Ratio - IE deposit) I can get when it is interest only? I've spoken to Natwest and they will offer an interest only rate on a 25%, but anything below 25% and it has to be a repayment mortgage. Is the 25% figure…
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FTB Budget Advice
I am looking at buying my first home using the Homebuy Direct scheme. I have gone through the details with an IFA and they have said that I am within budget, wondered if I could get advice from anyone on exactly what I need to budget for though? So far I have thought about: Mortgage (on 4.89%) Contents Insurance (buildings…
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Posted elsewhere, but here is more sensible.
There is a possibility that in the future I will be able to purchase my mum's old house (she will be living elsewhere, and will have been renting the place out). She will have a mortgage on the new place that will need clearing, and so will require around 150k. Now, assuming house prices don't fall too far in the next 4-6…
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Chelsea 5.79% to Yorkshire 4.99%
Has anyone had any joy trying to transfer a mortgage previously with Chelsea at their SVR of 5.79% to a new Yorkshire one at a slightly better 4.99%. Exemplary payment history, but equity has reduced in the crash to leave us about 85% ltv.
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advice for buy to let our house and buy second house
hi this is the scenario our house went up for sale at 140k last week, 1 valuation of 150 2 at 140k, we really want a house that is a little cheap 130k offers over due to wanting quick sale we want to move quick and are considering the possibility of putting hour house up for rent with northwood guaranteed income, imagine…
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Interest rates rock bottom for the next four years?
Just read this in the Daily Mail - A few people have been predicting this for sometime. http://www.dailymail.co.uk/news/article-1297634/Four-years-rock-rates.html
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Is My Standard Life Endowment Worth Keeping?
I am tempted to cash in my Standard Life Endowment Policy even though it only has 13 months left to run before maturity. In fact I'm in the process of repeatedly kicking myself for not cashing it in 7 or 8 years ago when I last considered doing so - but that's another story. I would really appreciate the comments/opinions…
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Group Mortgages
Hi My Partner, myself, my brother and his partner are all looking to buy a house together under a 'Group Mortgage' We are a little unsure how these work and what we require to qualify for one. We have 20% deposit and will be looking at borrowing £88,000. One of the guys is self employed but has only been working for a…
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Estate agents' hard sell on mortgages etc..
My wife and I are buying a house for the first time and have done all the right things with regard to mortgages, including using Experian's and Moneysupermarket's tools to check availability, as well as having a preliminary chat with London & Country. What we're struggling with is some of the agents selling the properties…
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Remortgage advice needed
Hi there, I bought a house with my uni mate when we graduated, on a 15 year mortgage term. We'd now both like to go our seperate ways with our fiance's, 4.5 years into the mortgage term. We've had the house valued at £250,000 and the mortgage balance is currently £173,000. I've enough in cash (thanks to an inheritance) to…
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First Direct Mortgages - Any good?
What are peoples opinions of these? I'm looking at buying a house and their rates are excellent and with what look like relatively small fess considering the rate. I can't help but feel there is a catch, anyone had experience of them?
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First time mortgage
Hi Folks, I think I am ready to take the plunge and buy a house but I'd be grateful of any advice with regards to getting a mortgage. A few years ago I saw a financial adviser who said he had the choice of the market but only came up with mortgages from Northern Rock. I think that I will arrange to meet with the bank that…
