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Should I be tempted to fix?
Hi all, If you were on a 'silly-season' mortgage of bank base rate plus 1% (paying 1.5% now), and were offered to be switched to 2.9% fixed for 2 years with no arrangement fee, would you do it? Rates have to go up sooner or later. The downside is, after the 2 years, it would go on to the SVR, currently over 5%. My LTV is…
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How is my borrowing worked out if i earn commission?
How will mine and my partners commission be taken into consideration when applying for what mortgage we can hope for? we are on basic of 15k each (work at same place) but my p60 for the last 5 years has always been between 50-65k and my partners has been 30-40k..... many thanks
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Don't know where to start!
Hi Guys, Sorry if this is a bit muddled but as the title suggests I'm a bit stuck. Basically I recently split from my partner who I'd lived with for 8 years, contributed half of bills and mortgages etc but mortgage was only in his name so I have ended up walking away with nothing. I am currently renting and due to having…
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Buy to let - with no income?
Hi I am recently retired and so have no income (apart from £1000 per annum from pensions). Been trying to get a buy to let mortgage of £50,000 on a property of £74,000 (myself putting down a £24,000 deposit). Finding this very hard as banks won't lend to me as I have very little income, but I was planning on paying the…
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Desperatly in need of some REAL advice
Hi All Im really hoping that someone can help me with my dilemma please. My situation is: My mom and dad went bankrupt in July 2009 and were discharged in July 2010. At the time of going bankrupt my dad was the sole owner of our home, which now vests with the trustee. I have been trying since July 09 to somehow get a…
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Advice - Joint Mortgage obligations after seperation
Hi Everyone, Newbie here and was hoping for some good advice. My fiance (well ex finace!) walked out on me with our 8 month old baby girl 4 months after we had purchased our first house together. We had agreed when buying that the ownership and mortgage should be in joint names at 50/50. Ever since she has left she has not…
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What kind of buyer am I
When looking to borrow money for your own home and you've handed the keys back to a family home been bankrupt and discharged. The IPA is finished and you have a deposit, when you approach lenders surely I am not a first time buyer??!! What am I classed as?
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Remort advice - mort + sec loan and maternity leave
Here is my current situation: My personal circumstances determine prompt remortgaging, as my wife iscurrently on maternity leave, and is currently on full pay. But she will be off for another year, and I'm keen to remortgage before her full pay period ends in 2 months time. I am aware that NRAM ERC charges are being waived…
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Mortgage & Bad? Credit History
Hi, I applied for a mortgage at HSBC and refused, I am looking for 40,000 and have 4,000 deposit. I have currently been working at the same place for 8 months and earn 16,00 per year. I have applied for a credit report, waiting for delivery. I defaulted about 6 years ago for something along the lines of £200, but settled…
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80% ltv interest only.. FA said none about and I have found at least 3? Confused
Hi, I have bought a couple of properties in the past and always used the same FA. He is whole of market and doesnt charge (gets fee from Mortgage company). I am now looking to get back on the property market having sold my last house last year and have been renting. I have found a house which needs some work doing on it so…
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Staying on BMR but reserving a fixed rate for later
Hi All, My fixed rate with Nationwide expired in November 2010 and i have been on the BMR of 2.5% since. Heard a lot of info about mortgage companies starting to push up their fixed rates in expectation of the base rate increase. For this reason, i agreed a new fixed rate nationwide. They said i could set a start date of…
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Inflation at 4%.......
how do people think this will affect the interest rates on mortage deals going forward?
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Remortgage-When to start looking for
My 3 year fixed term mortgage comes to end june this year and I am looking for fixed rate mortgage again. HSBS(existing lender) advice me on the phone that I will get letter before six week the fixed term end with options. My question is if I remortgage after fixed term, when should I start looking for good deal. Also, I…
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Advice sought on overmayment Dilemma
I'd appreciate advice from MSErs regarding a dilemma I have about overpayment of my mortgage. My mortgage set up is a bit unusual in that I have TWO mortgages for the same property. I have about 15% equity at best. 1st mortgage = £80000 (fixed @ 5.49% for next 7yrs, 20% overpayments allowed 20yr term) 2nd mortgage = £50000…
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Finance in Place?
When a EA asks if you have finance in place does this mean do you have a AIP? or how much leeway does this question give?
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Bad advice from Halifax re Extending Mortgage Term
We purchased repossession and literally it had nothing not even a kitchen sink. When we ran out of money for the renovations and I had some health problems we arranged an interest free period on our Halifax 5 year fixed mortgage. After 12 months I spoke to them again to talk about extending this for a further 6 months…
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Mortgage deed
I have just purchased a new house a few weeks ago with the aid of a mortgage. All went very smoothly. Then I got a letter from the solicitor stating that he has noticed the mortgage deed was filled in incorrectly (don't know why). He is asking me to re-sign the form so he can complete the registration on the land registry.…
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IFA Saddleworth area, Oldham
Hi all, Just wondering if anyone can recommend a good whole of market IFA in the Saddleworth area? Thanks in advance. J
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New build mortgages
quick question.... i heard that to buy a new build property you need at least a 20% deposit. is that correct? or is that only for first time buyers? thanks
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High SVR after fixed term ends
Hi guys I am trying to decide between two 10 year fixed rate mortgage deals. 1) 4.99% with £1495 fee. Remains at SVR 4.99% after 10 years. APR for comparison over 25 years 5.3%. Only available through direct application to building society. 2) 4.84% with £1995 fee. Reverts to SVR 5.99% after 10 years APR for comparison…
