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Pay off or leave small balance
Hello, I'm sure this question has been asked before on the forum but I can't find it. I am in the position where I can pay my mortgage off. We will be looking at moving house to a bigger property in 2012 after getting married. Am I better off paying off my mortgage in full or keeping a small amount in there (£3-4k) for…
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need to buy but only briefly
We have been living in our current house rented off our landlady (a relative) for seven years. The value currently is 140k but we have been offered a quick sale for 100k. I can lay my hands on 10k quickly to make the deposit meaning I need a mortgage of 90%. We aim to tidy the house up for resale in about 10 weeks and…
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Bank will not let me take on the mortgage
Hi, this is a query on behalf of a friend in need. She has recently become divorced and had the house signed over to her but the NATWEST said she is unable to have the mortgage as she cannot afford to pay the monthly payments. She works full time and only pays about £100/ month mortgage. She has also been paying this at…
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Halifax Mortgage Promise
Any experiences?? Myself and my partner have had a mortgage promise but it seems way above (by about 90k) what the online calculators from other high street lenders have quoted. I don't understand and don't want to be let down. Of course we wouldn't even look anywhere near to the top of the budget anyway. Does anybody have…
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No consent to rent on mortgage dilema
Hi I had lived in a flat for 10 years when I got married and we bought our first house together last year. The house came up quickly and the quickest way we could release equity at the time was to remortgage the flat and put the money into our new mortgage. Our mortgage advisor advised us that the cheapest way to do this…
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Mortgage Broker Fees?
Hello, I'm a long time reader, first time poster! I have a question regarding the fees you are charged for using a mortgage broker. Two years I was divorced and bought my wife out of our house, this was all done through my solicitors (they have a financial department attached). I was charged a fee by the mortgage broker…
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Stuck in a Negative Equity Nightmare
Hello I am looking for a bit of advice to see if any of you knowledgeable folks can suggest a new plan of action that may be able to get me out of a rather large hole I have managed to get myself into. My story is a bit complex, so please bear with me and I'll be as brief as possible. I bought a property in the South of…
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Quick mortgage question! deposit?
Hello, Just a quick question, would be nice to get a answer from some one who know a little more than me, I wont go into any details because there is no need (not being rude). here is my conundrum. I need a £20k Deposit. I dont have the money, So... I find a house. Its for example £150k, Can i get a mortgage for £170k And…
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getting a mortgage on a mortgage free, wholly owned property
We are lucky enough to have two mortgage free properties, but would like to take a modest mortgage on the smaller property to make home improvements on the larger. I can't seem to find a calculator or product that fits as all remortgaging products demand you have some outstanding debt. Anyone help?
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100% Mortgage, AM I STUCK??
I currently have a 100% mortgage, interest only on my house. I have recently come to the end of my fixed rate agreement and feel as though I am trapped with my current mortgage company, Accord Mortgages? I do not have a deposit to put down so I am unable to look at anything less than a 100%. I am currently on the SVR which…
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remortgage
Hello I want to remortgage and have been refused a morgage with ING even though we have 80% equity and earn 4 times the amount we require. Please advise
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Want First Direct Mortgage but self employed
We have had sole accounts with First Direct for 20 years, and for the past 5 years my husband has been using his account to run a small business. Now we'd like to apply for a FD mortgage, but wonder if they'll close his account when we say he is self-employed. We have always had good balances and ran our accounts well over…
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Reduce mortgage by cashing in endowments
Thinking of cashing in the endowments and paying off 50% of the mortgage and still pay the old monthley amount as bonuses are not worth talking about and intrest on mortgage 4% so a saving to be had. What do you all think so far?
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Mortgage eligibility on a 2nd property with a guaranteed tenant.
Hi all, My first post as usually I can find an answer to any Q by searching but I cant seem to find anything regarding this issue: How do mortgage providers assess an existing mortgage on another property when making a decision? In my case I would have a guaranteed tenant (close family member) long term. As it is a close…
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Arc property solicitors [TEXT DELETED BY FORUM TEAM]
We;ve sold our house and are purchasing a new one which is liable for 1% stamp duty. We've been shopping around online to get the best conveyancing quotes and Arc Property Solicitors have come up as one of the cheapest. But what has really caught our eye is that they're claiming to be able to save us nearly half the amount…
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What type of Solicitor do I need?
I have a mortgage in my name which my partner is keen to pay off for me as what we will pay in interest is more than what he is earning in interest on his savings. What kind of solicitor will I need to draw up the agreement of this? ie percentage of home he owns etc I have googled for information however a conveyancer just…
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40%+ LTV but average credit rating - mortgage chances?
Hi, I'm brand new to this mortgage lark, so hope I don't sound too stupid! Basically, by bf and I are looking to buy for the first time. But he isn't in full-time, regular employment (his regular income is from benefits and sponsorship money), only I am. Money isn't a problem. The large deposit is coming from him and he…
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Affordability calculations by bank
Ive just been in to speak to a mortgage advisor at HSBC and have been told that I can borrow £135,000. This however seems quite low given the fact that myself and partner have a combined income of £80k a year and I was wondering if the mortgage advisor has incorrectly calculated our outgoings?? We currently rent separately…
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odd figures
I was looking on the HSBC site, basically want to put all my eggs in one basket, 48k mortgage, 12k loan and 4k cards and make it one 65k mortgage over 15 years realise it means I pay more, happy to live with that, but short term (over next 3 years) would mean a reduction from £802 per month to £480 so £322 and would then…
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Second Home Mortgage - not BTL
Hi All, I currently have a joint mortgage with my mum on a house she lives in, but I'm looking at getting another joint mortgage with my girlfriend so we can buy a place together. I'm interested in knowing how mortgage companies will calculate the affordability for the second joint mortgage. We are looking at buying a…
