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YBS offset mortgage interest only. What's the catch
Hi, I have just applied for the YBS 5 year fixed rate offset mortgage at 4.29% with a 25% deposit on a total house price of £165k. I have gone for the interest only option which commits me to £447.50 per month. I expect to be able to save an additional £800 to £1000 per month. I was reluctant to commit to a repayment…
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Just incase advice needed please
We applied for a C&G mortgage a few months ago and at the initial meeting told the mortgage advisor that my bf house (we are moving in together and getting joint mortgage) has some clauses one being that he only owns 80% of the house and it can always only be sold on at 80% it was a first time buyer scheme a few years ago.…
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Using a Flat as a deposit
is it possible to use my flat as part of my deposit on a house
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Stuck on a high fix for another two years - what are my options?
My wife and I are racked with indecision regarding our current mortgage situation.We stepped off the London property market over (summer 2010) and moved to Sussex. This has been a brilliant move and allowed us to bank money. We currently have 32k to add to reduce our mortgage liability. We originally moved just before the…
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Anyone used moneybackmortgages.com?
Hiya, Has anyone got any feedback on Moneyback Mortgages? They give you half their commission back if you buy your mortgage via them. Seeing as I've found a better deal myself than H&L could I may as well try and claw back some of that money. However, I can't find any feedback on them and their website is shoddy as hell……
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Best mortgage rates?
What are the best nortgage rates? I have heard nationwide?
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over 60 first time buyer??
Hi all, hoping someone can help, my parents are approaching retirement(63yrs old) and are now looking to buy their first home having been living in a tied property. They have £110.000 saved for a deposit with an annual pension income of £12,500. They are hoping to get an interest only mortgage or at least the cheapest way…
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Ing Direct Mortgage are they any good??
Hi I am looking to remortgage but we have a default on our credit record, from HFC at the time we asked for lower payments on a tv we had from currys and they allowed us to but defaulted us for not sticking to the agreement very harsh I thought this has since been paid in fully. The halifax said no to a mortgage becuase we…
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Offsetting - reduce term, or monthly payment+overpayment?
I have also posted this on the MFW board, but I think this might be a more appropriate place for it: I hope someone can help! I have a repayment mortgage, and have been overpaying it by a little bit each month. I have just found out that I can add an offset facility to it for free. I am trying to build up an emergency…
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Letter from Inland revenue?
Hi everyone i am in the process of applying for a mortage and have just been advised by my broker that they have asked for a letter from the inland revenue to confirm my income even though they already have my p60, 3 months wage slips and 3 months bank statements, is this normal? Thanks.
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Interest only mortgage vs Mortgage reserve facility (Woolwich)
Hi, I have a mortgage with Woolwich. With this came a linked current account with a mortgage reserve facility, essentially an overdraft. I rang to ask could i move to interest only mortgage for a few months as my wife is on maternity pay and i have had a pay cut so the next few months will be tough. They advised that it…
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Self Build Mortgage Advice Needed
I am looking for some ideas on how to raise self build mortgage finance. We plan to build a block of 7 x eco town houses and sell them at cost. We have spent the last year marketing them and whilst we have had loads of interest, most buyers are excluded because they cannot get a mortgage, as all the houses are being built…
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should I be looking to re-mortgage?
For 3 years now I have £117000 on a buy to let interest only mortgage. I have no mortgage on the property I live in. Should I be looking around for better deals etc? Are buy to let mortgages any different than ordinary ones when it comes to re-mortgaging?
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Buy to let morgages,definition?
I have recently been looking into letting out my property but am unsure about the buy to let morgages. My current morgage has expired and i would like to consolidate some existing debt,remorgage and let out the property. I have the opportunity to travel for a short while but not until the end of the year so would it be…
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MSE News: Mortgage rescue scheme comes up short
This is the discussion thread for the following MSE News Story: "A government scheme to help people avoid losing their homes has assisted fewer than half as many households as expected at three times the cost ..." Read the full story: Mortgage rescue scheme comes up short
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Residential Mortgage coverting to Buy to Let
Dear all I am new to the forum. Could you please help me by advicing on converting a residential mortgage to Buy to Let so that I can let the property. I am one of those who has problem paying a very high mortgage due to the change of personal circumstances. I have borrowed from London Mortgage Company (LMC) 183,000 4…
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FTB.... Maybe
Me and my partner have recently decided we have had enough of where we are, renting from the council and not in a very nice area. We stay in a tenement flat with upstairs and downstairs neighbours both of whom are noisy and undesirable! We also have a little boy who is now at the curious stage of wanting to explore the…
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Advise please on repaying mortgage
Hello i would like some advise the situation is as follows: I currently owe £137000 on my mortgage with 20 years left to pay, at the moment i am half repayment and half interest only. so the worry i have is in 20 years time i will effectivly still owe £70000 or so . I have tried alot of companies to remortgage to full…
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self employed mortgage
Hi can anyoe help my boyfriend is tryng to buy a propery but he cant get a mortgage as he is self employed he has a small deposit and has applied to 95% mortgages but as he is self employed he keeps getting turned down I wish I was in a position to help but im not does anyone have any advi:mad:ce??
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Renting with a residential mortgage
My financial adviser has told me I can rent our existing property without converting to a buy to let mortgage. She says that lenders rarely check and don't do anything if they do. My question is if we take her advice, keep the residential mortgage and let the property, what's likely to happen if the lender finds out? And…
