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Do we need a BTL mortgage to rent out our flat?
We're thinking of moving abroad and renting out our flat. We currently have an interest only mortgage. We figure we can rent it out untill prices are right and then sell, pay back the mortgage, and keep the profit. Our payment righ now is about £250, which would be great for getting rent, paying the lettings agency, and…
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How can I remove my Ex partner from Mortgage and Deeds
I broke up with my ex at the end of 2008 & he move out straightaway. While we were living together at the property, I paid all the mortgage repayments by myself from my wages & had nil contributions from my ex. The house was purchased for £220,000, and the amount that was borrowed I estimate at around £185,000. I paid a…
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Offset mortgage- question
I took out an offset mortgage some 9 years ago. The rate of interest is guaranteed to be no more than 1% above bank rate. So currently, I'm paying 1.5%. Since then I've repaid the vast majority of the loan. Approx figures: Original mortgage ('credit limit') £90,000 Offset accounts balance at today £25,000 I understand,…
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quick question
Hi all I'm a first time buyer, my partner had a propery and mortgage with his ex 5 years ago but the house was sold when the relationship broke down. Would the only way of us getting a first time buyers mortgage be if I did a sole application. Thanks
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Interest Only Mortgage Help Please?
Hi! I am currently paying approx £315.00 per month on a £79,000.00 interest only mortgage. I have equity of £30,000.00 in the property I bought 4.5 years ago for £109,000.00. Its a true 2 bed bungalow. The property was on its knees. I have had a full central heating and rewire (Part-P reg'd) carried out as well as added a…
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repayment fee pay or not to pay?
Hi everyone, advice would be much appreciated. At this present time i have a mortgage balance of £37231.68p, all thanks to the inspiration ive had from these forums, i have paid 10% each year for the past 4 yrs as well as doubled upon monthly payments when i was allowed to do so by c&g, but they stopped this last year as i…
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Mortgage for default history holder
Hi I and my husband tried to apply for a joint mortgage in UK for last 3 months, but we couldn't get it due to the combinded fact that we both are not permanent resident and unfortunatly my husband had two default history in his credit. Mortgage advisor said that there are few lender would still allow us to get a mortgage…
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Rbs to deal with any good???? 2.29% 2yr tracker no fee
hi guys looking at borrowing £130k with a deposit of £185k.... i see rbs have this tracker and a fixed at 2.85% for 2 years no fee im looking at interest only and at mo have in principal with halifax however theres a bit to save with rbs Are they good to deal with,? interest only record- hard to get or? thanks
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MTG Advisors....Best Deal for Me at the Min?
Hey, Thought I would try my luck on here; Salary 40k Debts - £165 Per Month Car Loan Deposit - 15k House Price - 100k Looking for a 90% or 85% LTV Fixed or Tracker (not fussed) over 35-40 years.... Ideally low monthly payment with option to fix rate if needs be and without huge fees. Cheers Peeps!
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Mortgage Rates Fall as Interest Rates Rise...
... what do you think? I'm talking more about tracker mortgages I guess but I was lucky enough to get a 0.3% above base on one of my properties about three years ago. At the time base was around 5% just before it fell to what it is now. Now when I look around, it looks like the best deals are at 2% above base. My question…
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FTB's ready to take the plunge?
Hello all, Myself and my fiance have been saving very hard for the past year and a half and have nearly saved up £24k as a deposit. We are now ready to take our first big step into buying our first home. We are looking for a home around the £120k mark. We have no dependencies, excellent credit history and £0 debt in either…
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Renting out my house - do I need a BTL mortgage?
Hi I currently rent out my house which is on a great BTL mortgage deal. Unfortunately, the deal I am on is due to end in October and the mortgage company I am with have stopped offering new deals. My choices are to stick with them and my rate will go up by about 3% or find a new deal. The difficulty is that my LTV is about…
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Legal & General - Can Life Assurance element be cancelled?
I have a l&g policy I took out in 1994 and is due to mature in 2019 At the moment the policy is supposed to pay off 43000 but has only reached 13400 with a surrender value of 14500 I pay 64 a month. As I am now unemployed I should like to park the policy but was told that I would lose money from my current sum to pay for…
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Advice?
Myself and my husband have just been approved for our mortgage like yesterday. We have today received a letter from the bank offering us a lower rate of interest on our personal loan with have with them. We'd have to go through another credit check with the bank, could this affect the mortgage? TIA
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Endowment Question
My endowment policy cash in value over the last few years has been Approx: 2006: 14000 2007: 16500 2009: 14000 2010: 17800 2010: 18000 2011: 21500 My question is - in the last year it seems to have done very well, but as you can see got good figure in 2007 but lost increase later. Thoughts on cashing in now or waiting a…
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On Nationwide 2.5 standard rate. Should I go fixed.
My mortgage deal is about to end and I am going on to the Nationwide 2% above base rate that was stipulated in our previous deal. This will put me on 2.5%. I was considering either a 3 year fixed at 3.89 or a 2 year fixed at 3.59. At the end of either of these deals I will go on to the standard mortgage rate which is…
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whats the difference?
whats the difference between a buy to let n residential mortgage survey for a mortgage do they ask similar questions, is it a similar format thanks
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Buying a house for family to live in
Hi, I asked a question about Nationwide's 5 year fix mortgage a day or two ago but I was actually enquiring on behalf of a family member. It now appears that they will not be able to fo for a mortgage(due to redundancy) so I was wondering if I could get a mortgage to buy a house for them to live in. The property will be in…
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Is it possible to keep same mortgage new house
Hi sorry if this is not the correct place. If me and OH were to move to a new home but not require any more mortgage would we need to go through application again (as several circumstances have changed) or could we just transfer mortgage from one house to another?
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Just defaulted (idiot). Remortgage coming up soon
Hi there, I am hoping for some advice as I have had a couple of sleepless nights. I recently defaulted on a high street catalogue. I could kick myself, but it is done now (I can't dispute it to be fair). It was in the sum of approx £800. It should be paid off by October. My question is, I am due to remortgage soon as my…
