-
Mortgage Complication - Please Help
I would be very grateful for some advice. I have a property which I will shortly be putting on the market for £185k. If It sells at that price I will have around £70k of equity. My parents are in the process of purchasing a property for £250k in my name which I will pay them for once my existing property is sold. To avoid…
-
Removing a name on Mortgage????
I have been separated from my husband for a year and a half now and we have a house together which is mortgaged. We have been unable to sell it and so are renting it out. The mortgage company has given us permission to do this for a year stating that we must reapply at the end of the year... However, my husband has now…
-
Mortgage and seperation
I have recently split up with my long term partner and I need some advice on my motgage and other things. Both names are on the mortgage but now he is refusing to pay. We have a child together as well. I dropped down to part time hours to look after our child and now the full time post no longer exists so i dont have the…
-
Should i release equity on BTL mortgage?
Hi all My current BTL mortgage is coming to an end in three months time. At the same time I wanted to release some equity from it (for refurbishment work on my own house) , but am in two minds due to the current situation with house prices. Some background: I brought the BTL house for £250k 2 years ago. Current mortgage…
-
Mortgage based on Rental
I've heard on the grapevine that there is a possibility that they are trying to introduce a new system for Mortgages based on how much you currently pay in rent, instead of looking at your credit rating and/or how much you earn. The how much you earn part is no problem for me and my partner, it's my credit rating that is.…
-
Fee Free Lifetime Tracker deals?
Please help!! Has anyone got any advice or had personal quotes on deals for a Lifetime Tracker, preferably with no fees attached? I understand that if the BOE goes up a lot this would have a implications, however I have heard that there are some good ones out there that allow you to "get out" and "fix" after 2 years if the…
-
Additional Borrowing - On same mortgage?
Hi, I am about to speak to RBS about some additional borrowing. Currently i am halfway through a 2 year fixed deal at 2.99%. It looks like on the website if you take out additional borrowing its going to be an additional mortgage with an additional fee? and the cheapest fixed additional borrowing intereset rate is 4.59%?…
-
mortgage solution ?
hello,im new on here, right then,my situation. i have a mortgage on a house with my ex girlfriend. the house has been valued at £185000, the money owed on the mortgage is £119000. i have the money to pay her half of the equity off. but of course to get her name off the mortgage i need a new mortgage. now the problems. im…
-
Can I remortgage my house and lend the money to my son to buy a house
I cannot seem to find a definite answer to these question. I am not sure if this legal however I will ask the question! Can I remortgage my property and lend the money to my son for a depoist on a house? I am looking to borrow 20K over 15 years. My house is worth about 200K.
-
Putting in an offer today... HELP!
I think I've got my head around all the mortgage stuff now but it's come time where we are to put an offer in for a house. We have a deposit of £10k and have a mortgage application in progress with halifax (our advisor suggested this as we could take advantage of the vendor gifted deposit providing we started our…
-
Family member as a tenant on BTL
How would any lender know that you had let to your family on a BTL?
-
Advice on Homebuy Mortgage
A little bit of advice please as we delve into the world of mortgages. We currently rent a 2 bed apartment for £450 a month on a new housing estate. We've looked into some new houses being built round the corner and Taylor Wimpey offer some of there 3 bed (more like 2 bed plus a box) semi-detached houses. They have today…
-
Regulated BTL mortgages
I want to take a BTL mortgage and initially have a family member as a tenant. Many lenders won't lend on this basis but some regulated BTL mortgages are around - who are the lenders?? I do understand the arguments about taking a residential loan instead etc.
-
Advice needed for MIL! Mortgage end - no funds to pay off mortgage? Bank won't extend
My MIL realised her Mortgage term is coming to an end. Originally the mortgage was taken out by my FIL, and we assume at this time there was some repayment vehicle in place. However my MIL became both physically and mentally ill, and FIL lost his job, but then stayed at home to be her carer. This was years ago. The…
-
Paid mortgage still have an endowment
I paid off my mortgage last week but I still have an endowment taken out 24 years ago that was to be used to partly pay off the mortgage. This endowment matures on 1st Feb 2012. I am still paying the premiums. Do I need to inform the company that the mortgage is paid off?
-
Deed of Assignment for an Endowment
Can I use a deed of assignment to sell or gift? an endowment policy to a relative?
-
Endowment
Can I sell my endowment policy to a friend/colleague privately?
-
Mortgage Help - Bad advice given.....legal advice???
Ok, well this could be a long story so i'll start at the beginning :) I currently have a £94,000 outstanding mortgage on a house that was purchased by my partner and I in May 2007 with Santander for £121,500 (we paid £21,500 deposit) In January this year, my partner and I seperated and we decided to sell the house in order…
-
Mortgage Works BTL 4.99% 5 Years fixed
Hi guys, Is the Mortgage Works BTL 4.99% 5 Years fixed a good deal? It's relatively new and the only one I can find with a 50% LTV. Looking to borrow £100k. There is also a rather large 3.5% arrangement fee! Plus you have to use their valuations @ £490. Other options are trackers which seem OK for now but there's no peace…
-
Should i move my loan to credit card to help with getting a mortgage
Hi We are about to try and remortgage and we are wondering if it is a good idea to move a loan to a 0% CCard to help with our application. The loan finishes in Jan and has a settlement of approx £1800. Our combinded salaries are approx £37K we also get about £1.5k in tax credits and child benefit. We are remortging on a…
