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BTL mortgage required for 1 house split into 2 flats
We currently own a house which is split into two flats each let on an ast which generates 800 per calender month, we want to mortgage this to get about 60,000 to fund a business venture but no lender seems to offer mortgages for this type of property? Any suggestions would b appeciated.
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lower credit score
Hi, please can someone give me some advise. My partner and I currently have a mortgage and the 3 year fixed deal is about to expire, the mortgage company have told us we have to go on a variable rate and they will not offer any more options to us as they have stoped giving mortgages, these were originaly Prefered…
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Mortage Advice
Hi all im new here. I hope somebody can answer my question whos in the know.. There is a house for sale on our estate up for £206,000 there is an advert in the window and in local papers for an offer that seems to good to be true. It says buy this house for £14k depost and no mortgage. I phoned the guy and he said he will…
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Joint mortgage Advise after seperation
Hey, Need some advise after a recent seperation from my husband regarding a joint mortgage. We currently have a property valued at around £250,000 with a £100,000 joint mortgage left. He has moved out and wants to sell the house etc. My question is, could my son either buy his half or the full amount? What are the legal…
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Mortgage tie in
I am due to finish my 5.69% rate with Northern Rock at the end of the year. I received a letter when the company had been bailed out, to tell me that they would not be looking to offer me anything new. I have never missed a payment on my mortgage and I have been with them for a long time. What is really getting my goat is…
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what type of mortgage next?
We will need to remortgage later this year so we are now starting to consider what type of mortgage to go for. For the last 8 years we have had fixed rate repayment mortgages but have recently felt restricted by the fact we can only over pay 10% of the balance per year. We are fortunate to have savings and a relatively low…
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FTB and Self Employed - Advice appreciated
Hi I would like some advice if possible on wether I will be in a position to get a mortgage after april 2012. Firstly I will give as much information as what i have read needs to be taken into account. I will have two years accounts showing a minimum profit of 15k for both years. ( Hoping this will be more, but would like…
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Additional Borrowing
Hi, I have a house I own outright, value 160K and a 25K remaining on another house, value 200K. I only work part time and earn about 16/17K. I wanted to borrow about another 140K from my bank (Halifax) to fund another purchase-100K to buy and 40K to refurbish. They've just told me they will only lend me a further 30K which…
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Sensible interest rate?
Hi I am after some thoughts on our situation - Currently on halifax "flexible" variable mortgage currently at 3.25% when we took this product almost 3 years ago was 6.4% so we have obviously gained from the rate drop. I have now been told this product can only be ported to a new house if we dont require any additional…
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BEWARE Barclays/ Woolwich Mortgages!!
DO NOT DO A MORTAGE APPLICATION WITH BARCLAYS/ THE WOOLWICH! It is not worth the long-drawn out nightmare! I have had a nightmare doing a re-mortgage application with Barclays / The Woolwich. We have 3 address variations on our property (a legacy from address changes done by previous owners) and Barclays where complelely…
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Additional Borrowing
Hi, I have a house I own outright, value 160K and a 25K remaining on another house, value 200K. I only work part time and earn about 16/17K. I wanted to borrow about another 140K from my bank (Halifax) to fund another purchase-100K to buy and 40K to refurbish. They've just told me they will only lend me a further 30K which…
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What are our chances of a re-mortgage?
My wife and I would like to re-mortgage for a couple of reasons. Firstly we are paying two different rates so would like to consolidate to one (possibly lower) rate. Secondly we'd like to borrow a bit more money in order to finish refurbishing the property. Before approaching any banks or mortgage advisers I thought I'd…
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First time buyer going literally insane
Hello! I'm trying to get on to the property ladder for the first time. I'm 33, and a civil servant, and I'm single. Despite Osborne wielding the axe, I've been in a new unit for the 12 months, and they are deemed to a priority, hence my position would seem to be secure. Obviously, I want a place of my own, and this is…
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Changing Payment Date
I phoned my Mortgage lender (HSBC) today to change the date of my direct debit from 1st to 15th of each month to try and even out my payments as I get paid weekly. The assistant on the phone said there would be a slight additional charge next month to cover the interest for the period from 1st to 15th. Fair enough I…
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To fix or not to fix?
I am about to come off a 5.69% 3 year deal I took out back in March 2008. Santander have now offered me a 2 year fixed rate of 4.79% and thats it. I think that is a poor offer so I was thinking of just sticking on the SVR at 4.24% and see what happens throughout the year. Do you think these SVR's are likley to budge in the…
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Doing a deal with my lender ?
I have a substantial mortgage on one property with a lender who no longer lends, and the rate is 1.29%. It's a discounted tracker for life. Whenever I ask to change anything on the mortgage the lender makes it pretty clear that the answer is no. They no longer lend money, so they'd idally like me to remortgage elsewhere…
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How easy/hard to change mortgage?
We bought our house in 2006 at £160k and stupidly borrowed £21k on top so our mortgage was £181k. It's currently at £175k. It's a Fixed Term mortgage at 6.05% that ends early Feb 2013 I've recently been thinking about leaving my job and getting something else in a different area to be near our family as our little boy is 2…
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Trade Endowment ?
Hi My wife has a Standard Life Homeplan endowment , taken out in 1995 and due to mature in 2020. We decied to get an online quote for this policy but after trying a few sites I have yet to come up with one that will buy this type of policy. I do know that this is a unit linked policy invested in SL Managed Fund and With…
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A bit of advice to a newbie
Hello everyone this is my first post so please be gentle with me. Need some advice on what my best plan is to buy a house I have a mortgage in my sole name on a flat to the tune of £240k. The flat is now worth about £230K. Currently on svr of 3.99% My girlfriend and I are looking to move to a house valued around £320-£350K…
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Which Should I Pay Of First
At First, a very simple decision, but the more i think about it, Is it, or am i thinking about it too much. Here is my problem. I have a Mortgage which the term ends in 2026, up untill March 2015, it is fixed at 5.24% and has been for the last 6 years The Mortgage is currently in 2 parts, A repayment part, and an interest…
