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wont let me remortgage
I have a house worth about £280,000 with a £30,000 mortgage. I asked my lender, N&P building society, to borrow another £100,000 to buy another house. They will not do it as my partner and I have set ourselves up as a Ltd company rather than PAYE. She earns about £20,000 and I earn about £80,000. But we have only been as…
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Trying to get from interest only to repayment mortgage
hello all,ive almost done my first two years in my house and want to go from interest to repayment mortgage wise(interest wasnt what i desired but had to except due to personal circumstances).I owe just under £108,000 having bought the house for £118,000.Ive been to see two brokers who say they havent really got any…
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Cheap insurance rant
This question is aimed at brokers and mortgage/protection advisers. How often would you say you come across clients that want to arrange their own insurances (be it household, MPPI, protection) but have no grasp of what they accually need to be covered for and just look at the price. I feel that too many people these days…
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Remortgaging flat with garage on separate lease
I'm in the process of remortgaging a flat that comes with a garage on a separate lease. My flat is shared freehold, and has over 120 years left to expire on the lease - the garage is leasehold and has 61 years left. I know mortgage companies tend to want a certain period left of the lease - my remortgage is over 35 years,…
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Wish to purchase house left in a will.
Hello everyone, please can you advise on my personal situation? Unfortunately my Mother has passed away. She has kindly left the house to myself and my 2 siblings. If I wish to purchase their share what is the best way to approach this? I am 35 years of age. The house is worth approximately £320,000. I might wish to borrow…
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Building society Valuation - How best to increase?
Hi, our current product with our building soc is due to run out soon and we are going to switch to another cheaper one with the same company. However to do that we need 75% LTV. They did a quick check on the computer and gave us a realy poor valuation, about 85% LTV. :) We can pay them to (£65) come and do a more accurate…
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How to? - Joint mortgage between friends who want to move on
Hi all, I just wanted to ask some advice. I've tried using the search function, but all the cases I've read seem to deviate from my situation. My friend and I took out a 100% mortgage 3 years ago to buy a £99,950 house, and are Tenants in Common on the contract. We fixed our mortgage for 3yrs and planned to see out that…
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Arranging the Deposit for House
Hi Guys, I have made an offer for a house and looking the deals I am getting in the market a 20% deposit is a must have to get a reasonable interest rate. I am short of around 12K on my deposit, can someone guide that if I borrow it from friends then do I need to show my Solicitor some kind of documents ? or it's just…
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Will My Credit Score EVER improve, not changed for a year!
I have a poor credit score due to getting a default on my account when I was dealing with PayPlan 4 years ago. At the moment I have 2 credit cards which I pay off in full each month, my overdraft which is £2k and I never use. I have no credit searches on my account and it says thats a bad thing. My score hasn't changed for…
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Bank charges to clients tha apply via on mortgage brokers v/s internal channels?
Do banks charge different prices for customers who come through the external channels (mortgage brokers) compared to the customers who come through the internal channels (branches/ Calld centers etc.) ? :mad:
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endowment surrender
i want to pay off my mortgage it has 9 yrs to go do you think it would be best to cash this in it has enough value to do so 10.000 owed forcast maturity 16.000 surrender value now 11.000
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Need a decent mortgage calc
Looking for a decent motrgage calc. I can find the ones that tell me what my monthly cost is but none that show me the breakdown ie 100k mortgage £1000 per month payments of which £700 in interest and £300 is paying it off. This is just an example. Any suggestions?
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First Mortgage,after AIP, mortgage advisor playing dirty tricks
Hello All, I went to Mortgage Advisor, he promised us for good deals. got rates for 2yr fixed rates, got the AIP. After the AIP, tells that the interest rates metioned earlier were for the customers of the bank and not for non-customers. SO the new rates are 0.3% more than the original promised amount. Initially he said…
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Should you always make an offer under the asking price? FTB
Hello My girlfriend and I have found a beautiful house (we're FTBs), and we have an agreement in principle from the Post Office, so we are ready to make an offer this week. The house was initially priced at £190,000 two months ago. It was then lowered to £180,000 a month later. Just a couple of days ago - which was when we…
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Do I NEED a solicitor?
i am about to start the house buying process and am wondering do i actually need a solicitor. Im currently renting and have the chance to buy my home at a discount (right to acquire). The house has been independantly valued and as I work for the landlord company I know that any land searches etc would come up clean. I am…
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deposit %
we have 15% deposit saved and are continuing to save while we look for a house, if we end up with a few extra thousands save is it worth paying a deposit of say 17% even though the rates dont improve?
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Should I move my mortgage..?
I have a £52,000 mortgage on a house valued at £250,000. It is a fixed rate 5.08% till 2013. Can I get a better deal elsewhere? I have tried looking online, but can't see anything nice and easy that will just let me know immediately if my £325 per month can be cut...:money: Thanks lovely people!
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mum sells house for deposit and lives there?
Basically id like to know if this is possible, My Mum is retired and owns property outright and we want her to live near us in a bungalow. As she is 73 it would be ideal to have her close by in a bungalow. So in principle rather then her house become un manageable she would like to sell it (£70K) and put this down as a…
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Have to pay off my student loan as a condition of my mortgage!
I am a first time buyer and applied for a mortgage with the Post Office. All went through okay, approval in principle, etc. Paid for the survey (Homebuyers Report costing £470) paid my solicitor £300 in advance that they required and all seemed fine. Took 5 years to save my 10% deposit so its been a very exciting time.…
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living in your own buy-to-let?
Is it legal to live in a property for which you have got a buy-to-let mortgage? R
