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mortgage help please....
am looking to remorgage my current house currently owe 85k but would like to remortgage at 100k for some home improvmemts, house worth aprox 160k i have (14 years left on mortgage) could anyone point me in the direction of any good deals as quite frankly i am completely bamboozeled by imformation overload from various…
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Mortgage with small deposit
Hi all Here's my situation... I currently earn around £55k per year. I am in a very stable and secure job, and have been for around 3 years. Within the next couple of months I will have finished paying off all my credit card/ loan debts which I accrued through university and whilst I was on a lower income for a few years.…
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mortgage shortfall
Hi All, I will keep this simple. my house is about to be repossessed (the one i rent out) and suspect a shortfall of approx £60k. I understand this is now classed as a "non-priority debt". My question is, can the mortgage company place a charge over my house i live in and when sold pay them their money? or to keep them at…
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2 completions?
Hi all, my friend set up a remortgage with abbey a few months ago but the solicitor didn't complete because they had penalties which they hadn't realised with the existing lender. With this in mind the solicitor planned to delay completion until a few months later. Within this time though, they visited a broker who found…
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endowment question
in 1992 i bought my first house with a friend, to renovate and sell. Which we did just 4 years after we bought it. And a nice profit we made to. Now i wont complain it was mis sold. It was a freinds idea to have an endowment, i recall commenting at the time that working in the city i thought it was a stupid idea to rely on…
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Northern Rock Mortgage Process
Wishing everyone a happy and prosperous 2011. Applied for a northern rock buy to let mortgage just after Christmas and the lady over the phone asked all the questions and did a credit check. I have an excellent credit history and wanted to remortgage - no existing mortgage - about 35% of the property value but the decision…
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Deposit : Interest Rate
Hi all! Thanks for taking the time to read this. Does anyone know of a online calculator / comparison site that allows one to see what % interest rates can be attracted based on (i) value of property and (ii) deposit made. Basically a LTV calculator laying out what interest rates one can expect to pay for varying levels of…
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Selling but not Buying
One last question! If you sell your property in March... but anticipate you may very well wait 6 months to find the right property- what happens? Would you simply have the cash from your house sale sitting in your bank account... but continue to pay back your lender the mortgage? Or as soon as you sell the house is there a…
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Lloyds Additional Borrowing
If I borrow more money from lloyds to buy a bigger property, which mortgage is paid off first? I would have 75K borrow as a tracker, sitting 0.5% above the BoE and possibly 30K as a tracker sitting 3.5% above the BoE. Naturally Id want to pay off the more expensive debt first or do the banks prevent this? I could revert to…
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Can I get Mortgage if I have settled my DMP
Hi, Just wondering if anyone can help with this (sorry if something similiar has been posted before) I had a DMP for 3 or 4 years, and in December, I came into some money and paid my £17,500 that was outstanding on my DMP, albeit some of my creditors agreed to a lower settlement figure (about £2000) less than what was…
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Why are Trackers so high?
In 2008 I got a tracker thats only 0.5% above the BoE. But right now the best Lloyds can offer is around 4% above the BoE. Why so high? Arent we all in agreement that the BoE will rise to 5/6% again in the forseable future- making these trackers push up to 10% mark. Why would anyone agree to that? Or is there sufficient…
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Mortgages after an IVA
I concluded an IVA in June 2009 and would like to get on the property ladder as soon as possible. My wife and I applied for a mortgage last February/March and were turned down twice on the basis of my poor credit history. This was not entirely surprising as I had, in the past, had to default on a number of credit accounts…
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Due To My Bad Credit We Only Want My wife to apply for mortgage - How Would this work
Afternoon all, as the title suggests - i have a poor credit score and defaults on my account, i have have a mortgage in my name and exs name ( who has nothing to do with it anymore as i have paid mortgage for last 4 years) we do want to get another house and sell mine but my score is awful. my wifes score is fair, she has…
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Adding name to mortage
Hi all I have been married for 2 years and the mortage is in my wifes name. She had neck cancer 7 months ago followed by radio/chemo treatment.At moment she is clear but is worried if it did return but with more drastic results, she is worried what would happen to me whether the house would be automatically transfered into…
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to remortgage or not to remortgage
Hello all I have a 5yr fixed mortgage, rate 6.2 that will end Apr next year. Still to pay £153000 (ltv is 90%), £2000 savings. ERC is £2000. I can afford overpayments up to £350 pcm I have this big dilema. Should I remortgage now and pay erc or continue payments untill next year. I don't want to miss out on the opportunity…
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land registry help
hi all, I have to help my parents register their business premises.land registry have given us forms FR1 and SLDT to complete.They Lr have also stated that we seek solicitors advice in completing and that is what we will have to do as I do not understand it. I have had a few quotations from solicitors and the minimum they…
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Tax on staff mortgages
My wife has a staff mortgage, a benefit of working for an insurance co. The mortgage is in our joint names. I am self-employed and have made a loss in the latest tax year. She is being asked to pay tax on this employee benefit. My question is: does anyone know if we could use my loss to offset the tax due on her employee…
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Help Needed Please
Hello everyone I am on here for my sister who needs some advice and i'm not very good with mortgages so thought i would ask you all. She has found a house that she wants to live in, but it needs to be a cash buy - yes there is a problem with the house, but my dad can fix it, so once this has been fixed it will be…
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2 year fixed or 5 year fixed
hi i,am in a pickle should i go for a 2year fixed deal or sould i go 5 year fixed 2year fixed @ 2.69 £99 set up 5 year fixed @3.89 £99set up I owe £95k over 20 years and it is for a remortgage
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Buying property from abroad
My situation is a little complicated and I would like some advice please. I currently live abroad with my wife and we own a property in the UK worth 150k on a consent to let Mortgage. As we live abroad we want to buy another house as an investment, having no pension. It seems to be a nighmare to get any type of Mortgage at…
