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Choosing the right mortgage
Hi I am new to the site and was wondering where i would start to look for a mortgage in my name only.I am coming up to 50yrs old!! going through a divorce any advice and guidance would greatly appreciated, cheers Carole
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Buy to Let-Does this sound like a good deal
Looking to borrow £41,250 (25% LTV). Quoted 2yr fixed rate at 5.3%. Monthly interest only repayment of £185.00. 0.95% arrangement fee. Valuation fee between £200-300. Does this sound OK?
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best lender to approach? working single parent, low income..big deposit!!
Hello, I've relocated to the seaside, my old house has now sold so I have a deposit of 50k for a new pad. I am a single parent with two children, one of whom is disabled. I have two part-time jobs and my income is quite small but I get a reasonable amount of tax credits - do you know which (if any) lenders will include tax…
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HSBC mortage - FTB 85% LTV
I've been trawling through the forums and been reading that HSBC are declining a large proportion of their mortgage applications. We have just submitted all our paperwork + payslips, bank statements etc. I admit, I hadn't actually considered the possibility of rejection given that we are currently paying about 50% more in…
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End of 5yr Fixed & Negative Equity
Hello, This is only my second post so please be gentle with me :) I have a mortgage currently with Accord Mortgages for £160,000 and we purchased our house 5 years ago for £177,500. at the time as we stretched our budget to buy this property, we did this on a interest only mortgage with the intention of changing it when…
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Mortgage a "tenant in common" property
I own 50% of a property with my sister and wondered if I would be able to raise a mortgage on my share.
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Part Exchange Question
Hey, I feel that this may be a really stupid question, but i have no idea. I am a first time buyer, but my partner isnt and he currently has a property. we are thinking about doing a part exchange but i really really dont understand what type of mortgage we would have to get to make it work. Is it just a case of…
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Tax implication question
Hi, hoping someone may be able to help me. I have a small flat which I am getting close (still a couple of years away, but close-ish) to paying off the mortgage on. Instead of selling it and using the money to put towards a bigger place, I was thinking of renting out the flat, and using the money to help fund the mortgage…
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Mortgage
Good Afternoon Everyone, I was wondering if anyone can please help me? My partner and I will be looking for a mortgage in September next year. I've got this massive worry that they won't give me a mortgage due to a default on my credit rating (Under £200 pound Orange dispute). My partner as a clean good credit rating, will…
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transfer of equity
will there be any stamp duty to pay on a transfer of equity, property is in partners sole name and my name will be added to new joint mortgage we are taking out, property value £150k and mortgage £90k thanks
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Is mortgage overpayment worth it (even with a penalty)
Hi, I have a nationwide 5 year fixed mortgage on a rate of 4.5%. It's been going just under a year and I have about £170k left to pay off. I've inherited some money and could make a lump-sum payment of £30k to reduce the term of the mortgage. Nationwide allow up to £500 a month in overpayments without charge, but I've been…
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changing to interest only
Hi there! This is my first ever post so stick with me I may take a while to get the hang of this!! Myself and my husband bought a house 5 years ago for 250k - at that time we were just out of uni and had trainee positions so our income wasn't very high, we went for interest only with the Halifax. At that time they did not…
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Joint mortgage with Brother in US
Hi All Hopefully someone can help / advise. My wife and I are currently renting and want to get on the property market. While we can afford the mortgage payments, we just don't have the deposit to make it viable. My brother, who lives and works in the US with his wife, has kindly stepped in to say they will help pay the…
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Are the HSBC always so slow?
Decided to move my mortgage from Nationwide to HSBC, completed the application beginning of July, had all my documents sent back on July 7th and since that date silence Decided to ring up today to see where it was ata and was told its with the underwriters you may get a call this week i am borrowing 53k on a house valued…
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Unit linked endowment plan - when to surrender?
We have a unit linked endowment which is due to mature in 2018, but no longer have need of it to repay a mortgage or for life assurance. We've been through all the possibilities and come to the conclusion that we want to surrender it to Legal & General, the plan provider. From the surrender values we've been given, it's…
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Ditch my Fix or Reduce Term of Mortgage?
Could really do with some advice. I'm on a 10 year fix with Principality Building Society @ 5.99 until 30th June 2018 (monthly fee £591.40). Now to ditch this mortgage my I have to pay a whopping 8% fee, plus £157 redemption. I was thinking, would it pay to ditch this fix as the calcuator seems to suggest this may be…
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advise please....2 year tracker or fixed???
We are coming up to the end (october) of our tracker with Natwest, which is currently 2.99%. We are at 80% LTV and our current mortgage payment is £365. They have offered us; 2 year tracker @ 3.09% - payment around £400 a month 2 year fixed @ 3.99% - payment around £450 a month both have a £399 fee. the 5 year fixed they…
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Who to contact?
We have a date of entry arranged for the 5th of august. Not heard from MB for 2 weeks, cant get hold of him. Do i contact Solicitor or mortgage lender to find out what stage we're at? Thanks Craig.
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Btl mortgage to release equity
Hi, my partner and I own a flat with a BTL mortgage. We cannot sell as the Market is so slow and we have good tenants. It was my partners flat, but I lived far away so we rented the flat out and bought a house where I live. Our current house is a fixer upper. Is there anyway we can free up equity in the flat? Everywhere I…
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mortgage traps
Hello everybody. I'm preparing myself to get the first mortgage in my life. I don't like trusting "experts" on a word. I'm going to go for an adviser but I also want to understand it. I try lo learn as much as I can but there is one subject I can't learn from books. What are the traps I have to be aware before committing…
