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Buy-to-let repayment mortgage?
Anyone know if there is such a thing? We have an interest only one at the moment, the fixed rate on it ends this year and we desperately want to get rid of it in favour of a repayment one before the rates all go up again.
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Nationwide overpayments
Fixed mortgage, can overpay up to £500 per month without ERC but what exactly does the following mean (from Nationwide website)? "If you overpay by exactly £500, we will reduce your payment from the following month. If you overpay by less than £500, your monthly payment will be reduced at the end of your fixed rate period.…
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How to make it happen?!
I'm after some advice about how to make a mortgage happen for me and my family. Some background is in here, so apologies for the length of this (if it goes on too long). About 4 years ago we sold our house, leaving with no profit from the sale after paying debts that had amounted as a result of long-term unemployment.…
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Mortgage in Principle- Is it worth getting one?
Myself & OH are looking at buying our own home after many years of renting. So far we have a deposit of roughly £35000 & a joint income of £60,000 (inc inner London weighting). We are looking at properties of about 190,000 in Kent. We were thinking of getting a mortgage in principle for 2 reasons: 1) To find out exactly…
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Interest Only Morgages
I currently have a low rate (.79%) and therefore low payment to make on my interest only mortgage (Approx £200 pm. I couldn't afford a repayment mortgage at the moment but am worried about what my options are & what I should do at the end of the term which is approx 13 years away? I will still have the full amount to repay…
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House-160K, Deposit-10k, Salary=~70K - possible?
Hi, I would like to buy a house now. Unfortunately I don't have a big deposit (~10K so far), my salary is ~70K and I am looking to buy a house under 160K. Is it possible? Will I be able to secure a mortgage? regards, begemoth
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Extension planned. Borrow now or wait?
We're currently looking at extending our home. We have the plans drawn up so just a case of getting planning permission and a building warrent. Architect reckons the plans should go through as the extension will be nothing out of the ordinary. The planning may not get passed until Aug/Sep and by then I feel it will be too…
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Leaving a 125% mortgage and wanting to buy a new house....
Hello all, Just after a bit of advice really! We bought our first home in 2005 with a Northern Rock 125% Mortgage which had a fixed rate of interest of 5% for 5 years - this expires in December this year (Yippee!) Stupidly a couple of years into the mortgage we borrowed against it for £5000 - which means we now have the…
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Removing my name from mortgage 12 months after split?
In January last year, I split up from my partner at the time and moved away to live on my own and declared myself bankrupt in June. We had a joint mortgage at the time and this was with GMAC. I have just checked my credit file and found that I am still linked to the mortgage at the property (now under Paratus Amc). I can…
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Help - cannot sell Section 106 Affordable home
I have a section 106 affordable home. It is an apartment 2 bedroom. The s106 states i can only sell at 80% current Market Value. Also ties in is that it has to be offered to Key Workers for the first 3 months. I had a potential buyer but he was put off because only one mortgage lender would lend due to the s106 terms. This…
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To fix, or to track?
Hello, had an offer accepted on a property at the weekend, and had already narrowed the mortgage down to 1 of 2, via online comparisons, financial adviser and even an estate agents in house bod. The options come down to this: 1. A 5 year fix at 4.19% with Yorkshire Building society 2. A track of BOE + 2.3% with no early…
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Halifax crediting our account
Hi Wondered if anyone else who has got a mortgage with Halifax has received a goodwill payment of around £3,000 and credited to our mortgage account. They have made a payment as the original mortgage offer may not have explained certain details as clearly as it could have, for which they apologise. These details relate to…
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waive ERC
hi all has anybody had any joy in getting ERC waived. We are currently looking to move house and have a mortgage of £99,000. We are looking to borrow another £81,000 so in total we would be borrowing £180,000. The snag is we are just entering the last year of a 5year fixed at 5.67% and alliance and leicester want £3000 to…
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Nationwide - overpay now or later
Hi Quickie I hope I'm with Nationwide fixed rate till Sept 2012 at 5.8% £80000 owed on a £220000 home, 14yrs to go. No debts and a bit in my isa's Q is, i currently have enough cushion to allow me to overpay upto £500 per month for about a year, should I start now??? or wait until Sept 2012 when I'll move to another fixed…
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FTB in Scotland
Hi, I have done a fair bit of reading on here and a few other sites about mortgages but not sure if I'm taking everything in okay. I'm thinking about making an appointment with a mortgage broker but would like to be prepared as much as possible. Here's my situation. I live with my partner. I am 26, she is 32, and we have a…
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Mortgage with other debt
Does anyone know which lenders will currently lend to people with unsecured debts not to be repaid with the mortgage?
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***Outside help needed on choosing our new mortgage product.***
Hi all, We could really do with some help from an outside party, just to help us decided which option to take now our Fixed mortgage has came to an end. Ive been looking and looking at it but its all just blending together now, need a clear prospective. right here we go, We have our mortgage in 2 parts because we moved…
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Two Mortgage Protection Policies
Quick and easy question (I hope) - is it possible to take out two different mortgage protection policies and get paid out on both due to sickness? Cheers.
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Statement of Correction - How much will this slow down the process?
Hiya, We're going for our full mortgage application on Thursday with Nationwide. Already have an agreement on principle with them and been credit checked. After reading some advice online I decided to add a statement of correction on my report regarding some late payments a few years ago from when I graduated and didn't…
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Advice requested on BTL numbers
Hi all - first post - be gentle! I am considering buying a house while keeping the existing one and letting it out as it is quite local. Here are the details: Current house - value 225k o/s mortgage 55k - rental value 700 PCM after agents fees, expenses etc Outlay required to buy desired house 350k Salary 75k plus up to…
