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Solicitors in remortgage?
Hi, Sorry, may sound like a dumb question. Are the services of solicitors required in getting a re-mortgage? If so, what is the typical cost in London?
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Having problems with Cheltenham Gloucester mortgages
I have 2 buy to let mortgages with Cheltenham & Gloucester both over 20 year terms , these have been on interest only for the last 18 months since I got them , 2 months ago I swapped them to repayment but ive realised it would of been the best option for me if I kept them on interest only but overpaid on them. I rang…
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Pay off business expensed car loan with equity to raise max mortgage lending ?
Hi, newbie here, after some advice please I have a car loan with a settlement figure of £15k The car is worth about £13k It is run for my job, whereby I get a £500 taxable allowance per month PLUS mileage expenses of the revenue maximum of 45p per mile/25p per mile after 10,000 milese The monthly repayments are £419 per…
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95% hsbc homestart mortgage ending!!
Hi Please can some one give me some advise? Me and my wife moved into our house aug 08 and as 1st time buyers took out a 95% home start mortgage (intrest only) with hsbc. The house was on the market at £110,000 and we paid £102,000 so we have £96500 outstanding. We pay 565 at the min and when i checked my paper work it…
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Home Mortgages Ltd
Hi, Does anybody know who bought Home Mortgages Ltd please? Am trying to surrender an L&G endowment and they want confirmation of no interest. Thanks, Simon
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FTB Morrgage Question
Hi Hope I'm posting this in the right place, if not can someone move me please. Am a FTB buyer, have been been looking around at mortgages and it seems that basedupon my current salary I can borrow upto £125,000. My question is this, if for eg I found a house for £145,000 and I can borrow £125k, for my deposit would I need…
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IFA Shrewsbury
Can anyone reccomend an advisor in this area by any chance? Thanks, :)
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gaming transactions on bank statement
Hi all Application for mortgage has been recevied by the bank today. Worried about my bank statements. Over the past 3 months there are about 20 transactions for a mobie phone gaming company. I only bet 10 pounds at a time and over 3 months this comes to about 60 pounds a month. Will underwriters look at this badly? This…
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How to release equity from property
My parents are wanting to release equity from their property. They are in early 70's, no mortgage. What is the best equity release scheme in this scenario? I have seen that there a few different options but not sure which is the best in the current climate.
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Porting mortgage deal but going into rented
I am planning my first ever move and I was hoping to be able to keep my current mortgage deal for a while as its a lifetime tracker at + 0.18 above the base rate. We are buying a new build but it now looks like we may have to spend a couple of months in rented accomodation while waiting for it to be finished. My question…
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MPPI query
I am looking at taking out MPPI on our new mortgage and was wondering how it works with a joint mortgage. Myself and my partner will each be paying £650 into a joint account to cover the mortgage and associated household bills. The mortgage payment itself will be £600. Is it possible for us each to take a policy for the…
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Releasing your Deeds when your Mortgage has Finished
It has just come to my attention that when you finish paying your mortgage your mortgage lender will ask you for £50 to release your deeds! This is not necessary. You only have to go online to the land registry website. Click on the 'Find a Property' tab and enter your postcode and house number. It will then cost you only…
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Endowment - Surrender or keep
Have a with profits endowment that is now 15 years old. Don't use it for the mortagage anymore just as a savings plan. Would like to look at solar electricity as a way of helping environment/generating income/saving money, could use endowment to cover all of this but not sure if this is the best way to go? Thoughts from…
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Low Mortgage Rate Extended By Oversight
My current lender has failed to put my mortgage back to a standard variable rate when my discounted rate finished last October. This has given me 8 months extra at 0.89% interest. Can the bank reclaim the interest from me although it is their mistake? I am about to port our mortgage and this, I am sure will highlight their…
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Any chance of getting a BTL?
Hey guys, hope you can help with this :) I'm a graduate in my early 20s, living at home and work in a reasonably well paid job in financial services in the City of London. My basic pay is around £27k a year but I get periodic bonuses which can push my income anywhere up to around £35kpa :) Basically I want to get onto the…
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Broker advise to get the offer accepted before mortgage approval
I spoke to L&C mortgage advisor for arranging mortgage on a property. He said to me to get my offer accepted by the seller and then come back to him. Only then will he proceed with arranging the mortgage from the lender. I find it weird since in Scotland where I live, if I make an offer for a property and it gets accepted,…
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Lost - Need some direction with my BTL / Self Build
I need help! And after reading lots of other posts on here, I think its worth a post. I have to tell you about my current situation first and any advice would be very welcome. I have a BTL house, with planning permission to build another on the plot but i have no money to build it. I have asked the BTL mortgage [Bank of…
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Applying for a mortgage on Wednesday, bricking it!
Good evening, Finally found a property and had an offer accepted and the seller has taken it off the market. I have appointed my solicitor so the next stage is for me and my partner to get our first mortgage approved. I am using a mortgage broker who we have an appointment with on Wednesday morning, we have already had a…
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Planning ahead
Hi, my partner and I are planning on buying a house in 6 years time when he comes out of the navy. Between now and then we are hoping to save at least £24000 and will also have another £50000 some of which we will use as a deposit. The question is both of us have had debt issues in the past and are currently paying off our…
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Change of parties advice please.
My friend and I bought a house together in 2007. Were tenants in common and the mortgage is in both our names. To cut a long story short, my friend is now getting married and he and his wife to be need a place to live. Their currently renting, while he is also paying his half of the mortgage. As I am now the only one…
