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% of net salary to be taken by mortgage
Hello all, I just wanted to know roughly how much your mortgage takes up net salary? What is considered to be an affordable figure? thanks in advance
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When can i renew my mortgage
Hi My fixed rate mortgage finishes in November. How soon can I sign up for a new mortgage with a different company? thanks Em
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Estate Agent Valuation vs Mortgage Valuation
Hi there, My partner and I are considering re-mortgaging as there has been rumours that interest rates are due to increase in May and then twice more before the end of the year. We are currently on the standard variable rate so any increased in base rates will impact on our mortgage payments so we are looking to fix. When…
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25% or 20% and fees
Hi We had an appointment with a mortgage advisor a month or so ago and they said that we could go to 90 grand over 25 years or 105 grand over 35 years. I live with my partner and 5 year old son. I have 18 grand worth of student loan debts, but we have no credits problems and no other loans. We have £21300 worth of savings…
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HSBC lifetime tracker
Hi all, My fixed rate mortgage 5.19% with NRAM is due to end on 31/07/11 it will revert to the standard rate at 4.79%. I am looking to remortgage for around £16,000. I want rid of the mortgage as soon as possible, hopefully i will be able to carry on overpaying as i always have done, so i want a mortgage that is very…
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Second home or buy to let?????
Hi, I currently own two homes. The first is the one I stay in and the second is a home I bought from my gran as a future investment. I currently have two mortgages and the one on my 2nd home (the one i bought from my gran) is due up for renewal. I loved the look of the lifetime tracker 60 mortgage from HSBC and tried to…
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remortgage to buy another house
hi we are thinking of remortgaging our house to gain some captial to buy another house to live. then we were thinking of renting the one that is remortgaged out to pay the remortgage .do we pay tax on the whole rent or just the interest. we have no mortgage left on the house we wish to remortgage thanks
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How to calculate our income for mortgage purposes
I have recently been offered a new job after a period raising children. I'm happy to wait a year/x number of months until my job is considered suitable for a mortgage. I will be earning £5200 Tax credits these include child care element for two children £13000 Rental income £3600 fully accounted 4 years worth and declared.…
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Another "let to buy" query, but with a subtle twist...
Hi, I've read through the various posts about the subject but find it difficult to directly apply to my situation. I own a home on my own, value £110k (low end estimate), mortgage 78k with HSBC. 75% LTV Mortgage at 2.45 plus base rate. In the future I would like to live with my girlfriend. Ideally this would mean a joint…
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Problem getting evidence from bank.
I am in the process of applying for a remortgage. I had one missed payment on my mortgage last year - in July, which I was finally notified about and paid immediately in December. The missed payment occured because I had changed bank account - in switching my current account to the new bank, some payments I was due were…
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where to go for a mortgage as a sitting tenant?
We have been told by our landlord that he wants to sell the house we have been renting for the last 26 years and has offered it to us for half its vacant market value as we, as sitting tenants have to be sold with it so it is only worth approx 50 per cent. We have seen an independent mortgage broker and although he says he…
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Residential mortgage.
Hi, We currently have a residential mortgage on our 5 bedroomed house and we are thinking of doing Bed & Breakfast from 2 of our bedrooms. We have checked with our local council who have advised that as it is less than 50% of our bedrooms being used we will not have to be registered as a business and incur business rates.…
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Home buy with Equity Loan mortages
Hi Does anybody know which lenders currently deal with FTB who are looking into the new government scheme Homebuy with 20% equity loan? It seems like a good deal and I believe the equity loan is interest free for 5 years? If so would mortgage lenders consider an interest only mortgage to we could concentrate on clearing…
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Will taking out a loan affect BTL Mortgage application?
Got BTL mortgage application going through. All financials etc been checked and approved. Will taking out a personal loan or credit card advance prior to mortgage completing affect it?
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Mortgage now and loan for wedding vs spending all savings
Hello, Unsure where to put this for the best response as it covers multiple forum areas, so I have posted in multiple forums - please feel free to move/delete as appropriate. We are getting married in July and have around £10,000 in ISA and saving accounts which will cover this and the honeymoon. However what we really…
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fixed rate mortgage 20% deposit
my daughter is ready to buy a house but has only20% deposit not 25% which seems to open doors Any pointers where she may get a good fixed rate deal for 4 or 5 years and which websites should we look at to see new deals as they come up and easily compare what is currently on the market. The newspapers dont help as the…
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is it worth using a broker?
Hi All Sorry lots of questions from me lately! I am a FTB looking for properties around the 120k mark or less! At the moment I have a 10% deposit saved (12k) I earn 21.5k basic plus I get up to another 7k of bonus I have a mortgage in principle with the Halifax but I have noticed their rates in the last month or so have…
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Stopping a mortgage
Hello, I'm after a bit of advice. we had a broker sort a mortgage out for us to replace our existing mortgage and to tie up some existing debt, i.e credit card,car loan... He has been and sorted the mortgage for us based on a 150k valuation. our key facts have come back with the relevant details of the mortgage just…
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Changing term of mortgage
Hi! For a Nationwide mortgage, does anyone know if extending the term of the mortgage would affect our credit score significantly?
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Shared equity Mortgage lenders
I have just been informed by my mortgage advisor that there are only 3 lenders for shared equity. Is this correct? If there are more lenders would people recommend going to a mortgage broker instead for a independent advisor? Thanks for your help :beer:
