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Multiple Mortgage applications advice for FTB
Morning, Wondered if anyone could assist. We have had a mortgage agreed in principle by a whole of market broker. The rate is a bit higher than the high street lenders and myself and fiance have 3 defaults between us, they are around 5 years old. We have seen a house and put an offer on and are now due to go into the EA as…
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Overpayments - How does it work?
Hi everyone! I was reading up on mortgage overpayments recently. I understand any overpayments come off the capital rather than the interest. If a lender was restrictions i.e. maximum 10% of the capital per year. How does this work if paying in the occasional lump sum? For example, on a £100,000 mortgage fixed for two…
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can my ex force me to sell my property....
I don't know if anybody out there can advise me. My ex partner who came to live in my property 7 years after I started the mortgage, never added his name to the property, lived rent free for 3+ years, then only added his wage to mine for 26 months, is now trying to take my property from me. We never married. I saved for 9…
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Help! Changing to a BTL
Hey guys and girls, Im looking for some advice re the above topic. I currently have a flat worth about 139k with a 92k mortgage. My monthly payment is £535 pm on a fixed 4.58% mortgage with a year left. Does anyone know the rules re changing to a BTL n moving the equity? I can get aBout 725 pm for rent not including bills.…
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London and country? any good
Hi , Hubby and i have decided to sell up and are about to sort out how much we can get etc we have an "in principle" letter etc but i wanted to call them again and check if he's worked it out with us paying our over draft back forst or with it included so we can clear it on the day of the moove as we can't do it before im…
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Non standard construction...
I have a mortgage set up with abbey, does any one have any idea weather abbey lend on wooden houses? http://www.rightmove.co.uk/property-for-sale/property-18926997.html Or any idea who would lend on this type of property. Thanks Craig.
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"Cherry picking" - what can you do?
Hi everyone It seems to be common knowledge that HSBC and First Direct are cherry picking customers for their great rates - does anyone know if there is anything that your average remortgager/ FTB can do to make themselves more attractive to these companies?
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Overpayment letter to reduce term
Hi, Ive mortgage with Nationwide and im allowed to overpay up to £500 per month without encurring a charge. Firstly, the mortage was taken out at start of June (this month) and my first payment is due on the 15th of July. I wish to make any overpayments at the start of each month (around the 1st-3rd), so can I make an…
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Buying a property to rent to relative....
Hey guys, I'm currently mulling over whether to buy a cheap property as an investment for the future and renting it to my brother, could I simply get a mortgage (not buytolet) and rent it to my relative?? Are there any legal or tax implications on this? And also when I come to buy my first property for myself to live…
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title deeds
I have just finished paying my mortgage and the title deeds are joint (shared)ownership between my wife and myself,would it be a good idea to change them to owners in common? are there any drawbacks in doing this?The primary reason is to limit liability should one of us end up in a care home. BTW we have an only child…
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Getting a second mortgage on house from auction
Hello all, I am new to posting on the forum but have been looking for a few years. Now I have a bit of dilema and need some advice or help so hoping you guys have some ideas! My situation is I own a 2 bed house worth around £175000, mortage is approx £96000 so have plenty of equity. I am desperately trying to move to a…
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Woolwich Offset Mortgage
Hello, A very quick question for those who has a Woolwich offset mortgage. As I understand it, the mortgage comes with a current account and a savings account. Can I check when would those be opened? Is that before exchange, after exchange or after completion? I am trying to plan out when to start moving my funds into…
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Mortgage Help - turned down at the last hurdle!
Can anyone help??? We sold our house a couple of months ago and bought (stc) about 4 weeks ago. Our current mortgage lender is Chelsea and for the last 2 weeks they have said that porting our current mortgage across for our new house wouldn't be a problem and we received an AIP. My husband is self employed and they came…
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Mortgage on state benefits..
Hi we are a young couple im 27 and my wife is 29, i earn 30k and my wife gets around 11k in state benefits as she is disabled (disability living allowance, employment support allowance, tax credits and child benefit) we have 2 children. We have a current mortgage (we had it before the wifes illness) but are looking to move…
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Buy to let mortgage.
Hi. I currently have a buy to let that has been doing well for 3 years. I have since built a house in the garden of that property which is nearing completion. I would like to raise a btl mortgage on this also.The new property has been valued at 290k and rental is valued at £875 pcm. I would like to raise as much as…
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Lenders for Negative Equity
Does anybody know any lenders who are offering new re-mortgage deals for those in negative equity????? Also any mortgage brokers that can assist people in negative equity. Thanks
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Joint mortgage
Hi All, This is my first post so please bere with me if its in the wrong place! Basically me and my cousin have seen a house which we want to buy, renovate and possibly sell on (if not rent out) I was just wondering how we would go about setting up a joint mortgage with us both being with different banks etc? Would i be…
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Increase Mortgage to pay for SOLAR PV
Hi All, My partner and I are first time buyers with a £70k deposit, looking at a house that is offers over £185k. We have been approved for £167k mortgage and I am a blue sky thinker.... I am wondering What the more experienced members of the forum would say to the following proposal... I would like to withhold £13k of the…
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Getting a mortgage with defaults
Our tenancy agreement is up in September and we're just wondering whether it's worth looking to buy a house and going onto a rolling tenancy for a couple of months or whether we should continue to rent. So, I've signed up to Equifax's version of creditexpert and got my credit report and I've got 2 defaults on my report…
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Fixed rate up this year
Hi Everybody Been hanging about for a while and now taking the plunge. Just wanted a bit of advice my 2 sons bought a property 2 years ago and rented it our for about a year then about 6 months ago no.2 son and gf moved in. No. 1 son moved into rented flat with gf. No. 1 son now wants to buy house with gf, no.2 son wants…
