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Underwriters!
Hello, we have £74k left on our mortgage with Santander with 11 years remaining of our term (repayment). Our house value is approx £214k. We have a flexi mortgage with Santander & have been told we are on their best deal currently at 0.99%. We are looking to extend our property as this is our "forever" home and we want to…
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Employee vs Partner??
My husband is very shortly to be made a partner in the firm he is currently working as an employee. Although his salary will double, will it be harder for us to get a mortgage as he will technically be newly self employed? Would we be better applying now even though we probably would qualify for a much smaller loan based…
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Buying off plan
Hi, First timer looking for a bit of advice I'm not the most clued-up person when it comes to buying homes so bear with me. Me and my girlfriend have seen a new housing development being built near where we live and would like to buy off plan there if possible. Problem is, the timing isn't the best because we have…
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transferring buy to let mortgage
I have a house on the market which has a buy to let mortgage on it, to about 1/4 the equity in the property. Is it possible to for a buyer to take over the mortgage? i.e. pay the market value less the mortgage and take over the payments?
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Fixed or Tracker for consent to Let
Hi Guys I had asked Halifax for consent to let as I was going abroad for personal reasons and they are forcing me onto a buy to let remortgage. I am currently on a Standard Variable Rate of 3.5% (£852 per month) and they are giving me 2 options Fixed for 3 years - 5.69% with a £1500 fee (£1010 per month) Tracker for 3…
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Urgent advice please
I't thinking of having of a long- term fixed mortgage with a bank which is not a UK one. We all know that if we don't meet our payments our home will be repossessed. What happens if that same bank goes buncrupt and I am continuing with my payments? My fears are that if another organizations takes over, they may change the…
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First time buyers...options
Hello I am currently privately renting, and have been for a year now. I feel as though it is money down the drain. I am looking for a two bed place and wondering if anyone has any advice for getting a mortgage. Is the part buy part rent worth a try. Also, I may qualify for key homes, are they worth it if available? Myself…
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partner self employed; myself student
Hi All, I was wondering if someone could offer me a piece of advice. My boyfriend and I are looking to buy a house (at £165,000 - I understand this is expensive, but we want a "forever home" not a stop-gap). He is self employed, but is earning around £1000 per month. His business has only been up and running for a year.…
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New Halifax policy on Interest-Only
Hot off the email presses around eleven minutes ago;- There's a new set of instructions in the Intermediary site, plus a new calculator which tells of maximum borrowings on interest-only.
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Mortgape Protection for self employed - any point?
I am about to go self employed, leaving the job I have worked at for 20 years to do something I enjoy instead - so scary times! :eek: I was wondering if there was anypoint in actually paying my payment shield mortgage protection any more. Or if in fact it would even pay out on self employed customers? Perhaps a health…
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Tracker ending (Halifax), go to variable rate or new deal?
My endowment mortgage will have just over 3 years left when the present tracker deal ends on 31st July. I spoke to halifax mortgages on the phone as you cannot see existing customer offers online, they say each customer gets different offers. The tracker I am on now is 1.4% and I know I wont get anywhere near that but I'm…
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calculating LTV
If have to add the stamp duty into the mortgage is LTV calculated where "value" of loan = payed price for property + stamp duty and LTV calculated as a % of this figure? or is LTV just a % of payed price of property sorry to ask something so basic!
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Mortgage and issue with ex partner
Hi Me and my ex-partner took out a Mortgage in July 2008 on a 3 years fixed term rate with Halifax which is ending in July. Me and my expartner split up in January 2010, and I moved back home with my parents while he continued to live there with his girlfriend and pay the mortgage whilst I had nothing to do with it but pay…
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Unusual mortgage problem
Hello, Last year my husband and I took out a £120,000 tracker mortgage through HSBC which represented around 16% loan to value. Solely based upon my husband high salary we took the mortgage over a five year term bringing our payments to £2,130 per month. Unfortunately, last October my husband lost his job and neither of us…
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Remortgage to pay off debts
Hi, Please can I have some help? We have a loan of £21000 with 6 years left to run and outstanding debts of £6000, we also need approx £3000 for an outstanding project that needs to be completed otherwise we will lose money. We have been "offered" a remortgage fixed for 5 years with the option to over pay by £2500 per year…
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Higher mortgage rates might be on the cards at the following banks
Higher mortgage and borrow rates might be on the cards at the following banks and building societies if Moody's downgrade any of them. http://www.thisismoney.co.uk/news/article.html?in_article_id=534588&in_page_id=2&position=moretopstories Lloyds Banking Group Royal Bank of Scotland Santander UK Bank of Ireland UK…
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End of fixed rate, these options?
Hi folks, our 5 year fixed rate ends at the end of next month. Currently 4.59%. 8 years left, £52k mortgage; house worth around £250k Been offered a couple of options with current supplier: Tracker 1.5% above base rate no fees. (£572 a month) 2 yr fix at 3.49% £199 fee (£610 a month) 5 year fix 4.59% £199 fee (£636 a…
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Mortgage Adviser Contact Issues...what can I do next??
HI everyone Myself and partner went to Lloyds (who we bank with) and were offered a mortgage promise by the adviser. He couldn't print us a copy as his printer was broken, but agreed to send a copy to us the next day. Well, a week passed and nothing, so I called to ask again, and again was told he would send it the next…
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Remortgage or loan for extension
Hi, I'm thinking of extending my semi-detached house at the side to incorporate a garage and another bedroom. I'm saving up at the moment to submit plans (£1000).Our 2 year tracker mortgage is due up in Dec 11 and the LTV will be 75%. A local builder has quoted £30K for the work and I'm unsure whether it is best to take…
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My Current HSBC Mortgage and Interest Rate Rises... Update.
Morning. Some of you may have read my previous post relating to my current HSBC mortgage and whether or not I should consider fixing to avoid any uncomfortable interest rate rises in the coming months My current outstanding motgage details and rates are below Balance = £ 55,719.00 Term Remaining = 25 years & 7 months…
