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Anyone avoiding collars on YBS BoE+0.75 trackers?
Just wondered what YBS are likely to do at the end of the month when my 5 year offset fixed mortgage is supposed to revert to a BoE+0.75% tracker? Reading around I see some people have been collared at 3% (+0.75%) but some have not. I have checked by original KFI from 2005 and it doesn't mention a collar. But then we moved…
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help with northern rock mortgage?
hi i have got a flexible morgage with northern rock where i can over pay and borrow back the amount i have overpaid by,does any body know how long after you have aplied till you get the money,and does it cost anything to do,,Thanks,,,
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90% Mortgage on New Build 2nd Home
I'm looking for a 90% mortgage on a second property that happens to be a new build. The property is in the UK and we intend on using the house at weekends and for holidays. We will not be renting the property out. Does anyone have any suggestions as to which of the high street lenders offer such mortgages? Thank you in…
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Mortgages for part-buy part-rent
Hi I have started looking at the part-buy part -rent schemes for affordable housing in London as that the only way ill be able to afford anything. Has anyone else done this - with regards to mortgages whats the deal - does it require a specific type of mortgage or can I look at the same type as you normally would? The…
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First time buyer - large deposit
Hi, I'm a (potential) first time buyer, in the fortunate position of having a sizeable deposit available (from some inheirtance). I'm looking to buy somewhere in the price range of £150-200k. To do so I'd have a deposit of around £100k available, i.e. 50%+. However I still obviously want to get the best deal possible. I'd…
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Any chance ?
We have spotted a new build which has been reduced now to £199950 - 4 bed Semi over 3 floors from £250k a year ago. We currently have a 3 bed semi worth £127500 as trade in for this of which we have a mortgage for £99k outstanding. Want to port the mortgage as we can have it for 0.55% above BOE for the life of the product…
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What will paymentshield do if our interest rate changes?
I was made redundant and thankfully I had cover with paymentshield, who have been great. Our fixed rate ends in a few months and as there is no sign of work on the horizon, I am a little concerned. I think I would like to take another fixed rate with our current mortgage provider, who are happy to offer this. Will…
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2nd home mortgage
I was just wondering if anyone could shed some light. Lets say if I am planning to get a 2nd house, how would I go about applying for mortgage then? How will my first mortgage affect the 2nd home mortgage? Assuming I want to rent my current house out to move into a new home, what kind of mortgage would I actually be…
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First time mortgage advice/suggestions/help please!!!!!!!
Hello, I am wondering if anyone can offer some advice, ideas or solutions. Myself and partner are looking at venturing into the first time buyers market but have hit a stumbling block. Her credit record is impeccable yet mine is the opposite as a few years ago I ended up getting some default notices when I was made…
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will i be allowed a mortgage?
Not sure if this is the right place for this thread but i need help! Im looking at buying a house with my OH, i have a loan of 5k AND £600 on 2 catalogues. i want to close both catalogue accounts when i finish paying them. Will these effect my ability to get a mortgage? Is it worth getting an interest free credit card to…
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Minimum requirements to get a mortgage
I currently live with my parents but would really like to move out, ideally by buying my own flat or house. I currently earn £11,400 gross, £14K net. I have around £12.5K in savings. Obviously not enough to buy a house. I'm crossing my fingers that I'll move up the ladder a bit in my current job in about 6 months where I…
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Will I be accepted for a mortgage?
Hi all, long time lurker, first time poster! My OH and I have been living together for a few years now and have agreed that we now want to put the house in joint names and add me onto the mortgage. The good points are - we are both employed, good incomes, and the total mortgage amount required is less than 1.5x our joint…
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Extending period of mortgage repayment
Dear all, I will in a couple of years time, finish off paying my mortgage but would like to extend this period for a few more years. I have been very happy with my current arrangement with Abbey and I rather continue with them rather than choosing a new lender. I have this Flexi mortgage and have been over paying for a…
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FTB Mortgage £160k - House Value £350k
My parents have just moved abroad after selling their house in Cambridge which has released funds for a large deposit for me to buy a house. They already own a property in HK so the plan is that the additional rent from the house will provide them with a monthly income. I'm a first time buyer and speaking to a mortgage…
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First mortgage payement - inital interest help
I wonder if anyone can help. We completed on our house purchase on the 19th of August. Our direct debit date for payments is the 19th of every following month. This means our first payment is being taken on 19th september, of the full amount as expected. I've also been told that I need to pay the initial interest dating…
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Morgage repayment advice
I have recently had to change my morgage from repayment to interest only due to job changes and a reduction in my income.My morgage company where happy to do this and they have given me one year on interest only before I have to return to repayment or to stay on interest only I have to have some sort of savings vehicle…
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New FTB mortgages with increased salary multiples released today?
My EA called me this morning and told me that there are a couple of brand new FTB mortgages that were released today and may only be around for a few days, and that she's going to try to get me approved for one and get the rate reserved for me. She didn't tell me who they are with, just to come in on Saturday to register…
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Best fixed rate mortgage?
Next month our five year fixed rate mortgage comes up for renewal. I don't have time to check on all the deals out there, so thought I'd turn to MSE for some advice. You've never let me down yet! We owe £52,000 on a property currently worth around £125,000 and would prefer a fixed rate without extortionate fees. At the…
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mortgage offer
hello mortgage application sent to nationwide how long does it take to process and get mortgage offer ,in letter says 21 days . anyone been offered quicker than that.
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Stamp duty when one partner is FTB and the other is not
Hi all, My wife and I are just buying our first house, but sadly I've owned a house in the past so am not classified as a FTB. My wife is a FTB, so I was wondering whether it is possible to get a mortgage in both our names, but put the house in only my wife's name, to save on the stamp duty? Is this possible (legally), and…
