-
Payoff mortgage what happens to isa
Hi we are selling our house off and will use funds to pay off mortgage (to those who gave advice on previous post we are going to buy a boat ) what happens to the isa that we have paid into for the mortgage ? ( who's lack of growth caused the problems) Thanks.
-
Valuation result
This is going to be my first house purchase. House was advertised for 129K, vendors have had it on market before for 139k [according to them]. After some negotiations we agreed on 122K. I have received valuation report [not details] which values it at 122K and say could do with minor repairs but doesn't state what exactly.…
-
Credit Scoring - Credit Application/Search Implications
Hi, How many credit searches/applications in what period begin to negatively impact your credit score? If I applied for a agreement in principle and a mortgage in one month. What impact will this have on my credit score? I have searched around but there doesn't appear to be a golden rule. In America lenders ignore 30 days…
-
Mortgage Fraud - or not?
Had lunch with a friend yesterday, we were chatting about her impending house sale / purchase. She then said that she and her OH were about £11k short of cash for the 85% LTV mortgage they have just had their full offer through for. Then "but it's OK, the financial advisor told us to apply for an unsecured loan now we've…
-
remortgage pains
Hi I am about to remortgage my buy to let. I have been suggested two products by a broker, which are the best i could find for buy to let currently. The first product is a 4 year fix 5.99% and permits overpayments up to 10% p.a. The second product is a whole 1% less than the first and is a 2 year fix, but no overpayments…
-
porting mortgage and borrowing more
Hi, looking for some advice please! Just accepted an offer on my property, and have put in a (quite low) offer on the house i want to buy. At the moment, I have the savings to make up the 10k shortfall between what we'll get sell, but if we need to pay say 5k more, i won't have enough money. My mortgage lender is happy to…
-
Remortgage Valuation comes lower than expected: HELP
I wanted to remortgage my existing property as I am currently on a variable interest rate of 4.74% with Northern Rock. I thought that at the moment the interests are down so I should take as high time to remortgage. I don't want to take any equity out and just want to do a mortgage to have my interest rate freeze. I choose…
-
Help for my mum
Hi, I will give a brief outline of the predicament my mother is in, and will post more details if requested.. overall all help greatly appreciated :T Had to buy out the house worth roughly 220 (4bed detached) 73k left on the mortgage 50k savings that will be released buy the end of the year Just retired Pension worth about…
-
Mortgage and Credit Rating HELP!!
Hi, My husband and I are going to buy our first property together early next year. I was just wondering how much our credit rating will affect us getting a mortgage? Neither of us have ever been in debt or have a bad credit history. My husband has a credt card that he pays off every month. I however have never had a credit…
-
Discharge of mortgage fee & deeds
Hi there and advice please. I'm on a fixed rate deal with Northern Rock and have been in the position to overpay meaning I have just over £100 outstanding. I'm still paying £0.50 DD mortgage per month until the fixed rate and the ERC ends. The mortgage isnt due to be paid off until 2023 but the fixed rate ends in 2012. On…
-
Mortgage - 5 year Fixed
I have currently reserved a mortgage a 5 year fixed deal with First Direct @ 4.29% which is going to go active on 14th July I have noticed Nationwide are now offering 4.34% I am currently on the BMR at 2.5% which I am overpaying. I've seen quite a few threads to suggest to stay on the BMR as if I change I will gon on the…
-
Management Fees for Flats
Helloo All I would like to compare the management fees that we pay monthly and decide whether it's worthwhile having a house as opposed to a flat. Personally I pay £220 a month on a 2 bed flat in zone 5 London. It was initially £110 but increased 6 months later since buying... Please if it's not too much trouble indicate…
-
Student Mortgage without guarantor? £115000 deposit
I am looking to buy a flat (roughly £180,000) and sub-let a room to cover the mortgage costs while I am at university, however I can't seem to find ANYONE who will even consider to give me a mortgage. I have been told that mortgages like these used to be available, but have been stopped since the credit crunch. once my…
-
Remortgaging from joint to single name
Hi I've received an Agreement in Principle for a mortgage. My husband & I separated over 2 years ago & he's been living in the property. He's allowing me now to buy him out. The house is currently in joint names on the mortgage & Title Deeds. Once I've given him his 50% equity at the current valuation - how difficult will…
-
Interest rate advice please
Hello We have quite a lot of debt which is manageable and always paid back on time. However in the current climate it's unlikely to make us an attractive proposition for a new lender. I have been approached by my current provider with the following options: Not sure of the arrangement fees but for now I'm putting that to…
-
BTL Mortgage without certifiable income - any advice
A few details. I currently own four and a half properties, no mortgage,these were bought in the mid to late 90's. I've only ever had one mortgage and that was on my primary residence paid off a long time a go. I retired at 42, 15 years ago and have been living off Investment income since then. Most of my Capital is tied up…
-
Impact of number of dependents on amount available
We're hoping to remortgage when our current fix ends. Looking at the comparison tables there looked to be quite a few options (joint income about £47k, loan required £150k, property value £250k). When I go to the lenders' websites though we seem to be struggling on some of the income multipliers, particularly when number…
-
A&L/Santander-Consent to let
Any advice or pointers please........we are looking at the possibility of gaining a 'Let to Buy Mortgage' . As yet we haven't discussed the situation with A&L/Santander but we intend to ask to be allowed to go on to interest only and request consent to let. If our mortgage provider agrees we will rent out our current…
-
Releasing Equity during re-mortgage
I've seen a few threads where people have not been allowed to release extra equity when re-mortgaging with existing lenders. We're currently with First Direct and will be re-mortgaging with them in about 6 months and we'd probably like to release some equity, but still leaving 75% LTV. We probably won't do anything with…
-
Unable to transfer my mortgage
Hi I have a mortgage with Nationwide and i'm looking to purchase a new property as i now work too far away to make commuting viable. I have contacted my lender who originally said that it would be easy to transfer the product as i was downsizing slightly and would require no extra funding. I have now been told that due to…
