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mortgage advice after separation
hi can anyone advise please - i got a mortgage with my ex 3 years ago, he cheated, we split, i live there alone paying it all, he's hassling me to give him a large payment to buy his share but the property is in negative equity. what can i do? i can't afford to take the mortgage on on my own, cause i fall short by few…
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2 Mortgages on same property - can we remortgage to new lender?
Hello We took out a fixed rate with Nationwide several years ago. When we moved to a bigger house & took on a bigger mortgage we stayed with Nationwide & took out a 2nd fixed rate mortgage for the extra amount. This suited us at the time as we had 1 fixed rate with 3.5 years to go, and 1 fixed rate with 2 years to go,…
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Proof Of Income
Hi I have my main job but I also have a second job (self employed). I've provided proof of income for the main job and thought I'd provided proof of income for my second job with copies of my tax return. However, they've now requested 2 Years SC302s and I dont have a clue what they mean. I've googled it but nothing. I file…
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Remortgaging worries
Hi and thanks for any help in advance. I bought a buy to let property 5 years ago with the Woolwich/Barclays and the fixed rate deal on the property is coming to an end in just over a month. The property is worth around £400k and I need to mortgage £297k so about 75% LTV. As my tentants moved out I moved in to the property…
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Mortgage question?
Hi, We've had an offer accepted on a property today. The property is valued at £159950. The vendor has agreed to pay 5% deposit and we will pay 10% leaving us requiring a mortgage of £135957 (85% LTV) My Husband earns £27502 & I earn £19828. We currently live in rented accomodation. Back at the end of 05/06 my husband had…
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santander asking for 1 missed mortgage payment from 9 years ago
hi can anyone help me, my mortgage was with bradford and bingly (now santander) last week i had a letter saying i had recently missed a mortgage payment , thought this strange as i pay direct debit after ringing them i find the recent missed payment was in 2002 !!!!! i payed half of the arrears there and then and said i…
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What type of Mortgage
Hi Iam buying a house in need of modernisation and dont know what type of mortgage to get. I intend to sell it once the work has been completed but was worried it might not sell in which case I could rent it out. If I was to proceed with a repayment mortgage and then had to rent it out would I need to change to a Buy to…
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silly question - how much?
ok. this maybe a silly question but im really confused. if i brought a house for 135 and ive got 128 on the mortgage, when i sell the house....say i sold for 135 do i get the 7k extra back in hard cash? say for a deposit that i need? will that money be money in my hand so to speak? trying to get a deposit together and only…
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Good credit, low ltv still refused mortgage
Hi Just wondering if anyone has any advice. I'm 30, I have a very good credit rating, I regularly check my Equifax and Experian report. My house is worth £150k and my mortgage is £44k. We are trying to move house to a property valued at £177k extending mortgage to £98k to cover work to the house too. however we are having…
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help, brain on overload
We have an interest only mortgage which at the moment stands at 165k, it is at a fixed rate of 5.29% until end july this year, We are in a position to pay of 50k in August, the property in question is rented out at £565 a month plus at the moment £200 for the outbuildings but the rent for the outbuildings might be stopping…
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What mortgage?
Hi, We need to take a final decision with the mortgage of our new house. To cut it short we have shortlisted two options: 1- 1.99% + X for two years fixed 2 - 2.39% + X for the whole duration of the mortgage. X= (bank of England Interest rate, currently at 0.5%) If we take option 1 we will need to shop around after two…
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Moving, thinking of getting a buy to let on current home - advice needed
I'm moving home and thinking of getting a 75% buy to let mortage on my flat. Will having a buy to let mortage go against me with lenders when getting a 75%repayment mortage?
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Northern Rock + Redemption Penalty
Dear Forum... Not sure if anyone has had any experience of this or can maybe help / advise....? Due to some financial difficulties back in 2006 i fixed my mortgage for 5 years which at the time was a relief as we knew exactly what to expect each month. Whilst lots of people have been enjoying very low interest rates since…
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Repay BTL or home mortgage
Hi All, First post so be nice! We have 2 mortgages: one on a BTL with Mortgage Express with c 100000 remaining over 15 years, on a repayment. This is now on a SVR of BBR + 1.5% for the term. We currently have enough rent to pay this and some...we may have to pay more than we are taking once rates rise. I think we would be…
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Cash in the ISA to pay the Mortgage ?
Hi All, First post in this forum and am looking for some quality advise as not sure what to do. As it stand we have been on an interest only mortage for the past 4 years and paying into an investment ISA as a repayment vehicle. It struck me that we could end up in trouble if this doesnt work out and am considering cashing…
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next step am i dreaming
Hi I have two properties bothytwo bedrooms one vallue 240000ish may 245000 morgae left 142000, this is rented out at £1100 permission from my bank given I moved and rented a bigger property with my missus when we had a kid..renting a mates bigger house 1200 a month so not much loss but after 6months really dont like the…
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Mortgage Advice Please?
I would like some advice on what to do with our mortgage arrangements. We, like many others, foolishly took the advice of a broker and got a Northern Rock Together mortgage. We have spent the last few years overpaying to lower the unsecured portion of the mortgage in the hope to remortgage. - The outstanding mortgage is…
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Those hit by employee mortage 'Benefit in Kind' stand up and be counted!
I took out a 2 year tracker rate mortgage in April 2008 with my employer RBS. The product tracked the BoE base rate less -0.11%. At the same time RBS were offering a 2 Yr Tracker +0.24% to the general public. I have been abosultely hammered by HMRC as a result of the official interest rate being 4.75% for the duration of…
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Will we get a mortgage?
My partner and I are currently househunting and have our first appointment with a mortgage lender tomorrow afternoon. I lay awake all last night worrying that they wouldnt be able to give us money as I have had bad credit in the past. About 4 years ago I got divorced and suffered quite a serious breakdown - because of this…
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Low Income - good equity and guarantor - can I get a mortgage
Recently split with my partner of 17 years and need to raise the finance to buy him out of out house as I wish to stay in the property to maintain continuity for my son, 6 years old. My problem being that I am on a low income so concerned that our current mortgage provider, Nationwide, may not be able to assist me. Our…
