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mortgage advice
Hi, We are coming to the end of a fixed rate mortgage deal at the end of the month (4.69% 5 year deal with nationwide). If we decide to leave it we will revert to the standard variable rate BMR of 2.5% which is a substantial drop in what we pay currently. We like the idea of a fixed rate - however the fixed rates vary from…
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any good no tie in deals buy to let ?
my current buy to let deal is coming to an end , so is going up from £560 to £660, so looking to change, but we are thinking of selling maybe next year august time, so dont want big penalties, would I be best to stay on the higher rate, mortgage is approx £130,000. house worth approx £190000. any advice much appreciated.…
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Looking for a new job, while getting a mortgage
Hi, I am currently looking for another job and have an interview this week. If i get the job, will it affect the chances of me getting a mortgage? i.e. the bank will think im more risky as im new to the job. Thanks.
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Deed store recommendations?
I've finally paid off the mortgage and Halifax have sent me a form asking where to send the deeds. Obviously, I'll get them sent to the house. But I would prefer to store them safely somewhere. Halifax used to have a deed store service. They keep the deeds safe for a small annual sum. But they don't seem to so this…
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Newbie mortgage holder - do I need to inform mortgage company of job change?
It seems obvious, and my natural inclination would be yes, of course you do, but I'm not sure that I necessarily want to. So, to the details: I first got a mortgage in April 2010 and it was based on my current salary (I'm still in the same job), however I'm looking to move on from this job and the most sensible way to do…
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Choosing the start date when re-mortgaging?
Hi all, maybe it is a silly question but I do not know how the process works when re-mortgaging to a new lender... so here it goes: I want to re-mortgage to a new lender, but I would like the new mortgage to start on the 1st of January 2012. I know the re-mortgage process can take a while so I am thinking to apply for the…
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Retaining a mortgage when moving.
We have an offset tracker mortgage at .75% above base rate. We'd like to keep the terms (the .75%!) of this mortgage when we move. We are selling our house to build another on a wholly owned piece of land which has planning permission. Upon selling we will have a sum of money that will be able to pay off the mortgage and…
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Payment Protection Insurance
I was made redundant a couple of months ago and managed to get the mortgage insurance to cover the mortgage until I find another job. My ex girlfriend and I are thinking of getting back together, we were together for ten years and split just over a year ago, she would like to move back in but I am worried that this will…
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Help wanted
I am 79 years old, my wife is 77. We have a 25 year interest only mortgage with NRAM of £115,000 on a property worth £300K+ taken out in 2005. The interest is fixed at 4.99% until 2015. We have no repayment vehicle , the intention being that the debt will be paid from the estate of the surviving spouse. NRAM have recently…
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Mortgage/Equity Release advice in Mother's name...
Hi, My mother owns her house outright and is quite keen for us to buy a local property that is need of renovation, renovate it and sell it on/rent it at a profit. I have looked into equity release products with her recently and I really would not feel comfortable if she entered into an equity release plan. As she is…
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Anyone dealt with Freeholders Maxiwood Ltd ?
As title really. Have seen a flat for sale with these folks as the freeholders. Any feedback good or bad appreciated.
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Credit report and mortgage - quick question - help please!
I am hoping to buy my first home in the next couple of months and will obviously need to get a mortgage. I have never checked my credit file so I thought I would do this now to make sure everything is in order. (I am going to use the free 30-day trial with Experian.) What I was wondering is, will obtaining my report in…
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Are there still interest only mortgages?
Can you still get interest only mortgages in the UK? I'm a first time buyer on a low income and according to the repayment calculators I've tried, I can only afford a mortgage if it's an interest only one at the moment.
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Buy to let needed?
Hi To make a very long story short, found out at the weekend that the father in law is in serious debt. We are getting in touch with Citizens advice and various other agencies but we suspect the end result will be him selling his house. My fiance and I live in a small 2 bed which is on the market but we're not getting any…
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Joint Mortgage - Good Credit History/Bad Credit History
My girlfriend and I currently live together in my girlfriends flat, which she has a mortgage on. We would like to move, but for the property we would like wil need a joint mortgage so both out salaries are taken into account. We can only really afford a 10% deposit. The worry I have is that, although my girlfriend has an…
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Consent to lease charges
I moved out of a property in 2007 and was unable and am still unable to sell. Received 'consent to lease' approval from mortgage provider which lasted for 3 years to 2010. After 3 years, I started being charged 0.5% of outstanding mortage every 6 months for being allowed to let the property - amounts to nearly £2,800 a…
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Endowment - cashing in and Tax
A simple question: I will be cashing in my endowment as I am paying off my mortgage early. Will I be taxed on the payment I receive? Many thanks
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Broker charges if mortgage offer has not been received...
I have a quick question if anybody can help me plz I'd be very thankful to you. I applied for a mortgage about 4-6 weeks ago, was approved at the AIP stage, sent the documents they requested and waited for weeks on end with no correspondence until they asked for p60 and accountants letter which I sent, still did not…
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Mortgages : Overpay or Save for lumpsum?
I overpay my monthly mortgage by 20% and I was wondering whether it would be better to save for a lumpsum (and get interest on it) and pay instead when having to remortgage or move to another deal at the same bank. Thanks for any feedback.
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First time Mortgage help
My partner and I are meeting with a FA tomorrow for some advise about a mortage. We have been saving for a while and have £15,000 put away. My partners credit rating is not the best - and its likely that it will be on my earnings alone. I earn £23,000 (but usually more due to overtime / acting up) and I also do Mystery…
