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Fresh Buy-To-Let Mortgage On Existing Property
I'm hitting some initial barriers trying to raise cash on an existing property that I want to start letting out and was wondering if anyone had had any more success doing the same. I bought a property about 12 years ago for my parents to retire into. I had an initial mortgage but had gradually just about paid it off as the…
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House deeds after mortgage paid off
Hi peeps Can anyone tell me what happens re house deeds if you pay off your mortgage? I heard that you no longer get paper - it's all online. But if they are paper - do you get someone to keep them for you? Also is it better not to pay off completely but leave a tiny bit owing?
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BTL mortgage for overseas owner?
Hi everyone, following my earlier thread I now need to find the above for DD. So anyone any experience of these? A quick search found these, any one used them? http://www.international-mortgage-plans.com/ http://www.amazingmortgages.co.uk/ http://www.seemoney.co.uk/pages/offshore/expat_mortgages.asp Thanks in advance.
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Right to Buy advice needed
Hello This is my first post and having read through a number of posts I am hoping to get some further advice on a right to buy mortgage I currently own a house (with mortgage) that I rent out. I live with my partner in a council house and we have been accepted under the right to buy scheme Value of house £90000 with a…
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Gmac/Paratus Mortgage fees
Hi All, it’s been a long while since last posting and I’ve read to see if I can find the information I’m looking for but to no avail so far, so I thought I should put some feelers out on here. I have been a customer of Gmac's for over 5 years now and have amassed over £2k in charges for late payments, I have always kept in…
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Mortgage Advice
Hi all, My wife and i are currently looking into moving house and would like some advice regarding a new mortgage our situation is as follows. Current house value: £120,000 Mortgage: £57,000 (Rate @ 1.0% above BOE base rate therefore 1.5% 18 years remaining) New house price £190,000 I have checked with my mortgage provider…
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Mortgage but working abroad
Hi all, Just wanted to ask a quick question. Currently, my partner and I reside outside of the UK. We both have full time jobs (I moved about 5-6months ago). We bought a property due to be completed at the end of the year. Would we have difficulty finding a mortgage? We will be looking at around 50-60% LTV. Many thanks…
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Shared ownership
Hi I'm wondering if someone could offer me some advice.... I currently rent a property but want to move somewhere bigger. My partner and I are managing to save around £1000 a month. I'm currently earning £23,000 (covering maternity leave)although it is only until Jan when I could end up going back down to my old job on…
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Please advise
I had a Mortgage with Northern Rock for 6 or 7 years and think i was mis-sold PPI. Northern Rock asked me to find another lender when the collapse happened and after a couple of years with Nationwide I got rid of the N.R. documents.:o:o I have looked at the sample letters but they all quote your Account number. A subject…
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Advice required on Mortgage.
Hi All, I was wondering if anyone can give me some advice on my mortgage situation? I am 53 years old and my wife is 52. We have a mortgage with the Barclay's/Woolwich that has about 12 years to run. It currently stands at £126000 and is on interest only. We can downsize, at some point, as we are in a large house but this…
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Is there a cooling off period please - Mortgage advice help please urgent
My son applied for a mortgage via a financial advisor. Is there a cooling off period please as we think there is better mortgage without paying all the arrangment fees and the commission etc. Thank you.
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Should I use my savings...?
Hi I'm just about to swop my b.o.e. tracker (0.5% above base rate) for a BTL mortgage due to renting out my current home and buying another proprerty elsewhere (together with another residential mortgage). I need advice as to whether it's a good idea that before I re-mortgage I should use my £10k savings to pay off another…
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Mortgage exit fees
I know someone who is about to make their final mortgage payment and has been told by Santander that they must pay an "administration fee" of over £200. This is unexpected and seems ridiculously high. Is it legal? Does it have to be paid? What is likely to happen if payment is refused?
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Mortgage info needed for first time buyer
I went to my bank on monday and was approved for a mortgage based on my income and my partners. The application got passed on to the underators on friday once i handed in proof of income. This is where the problem is. My partner is in full time permenent employment and has worked with the same company for more than 5 years…
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Using Credit Cards to Overpay Mortgage
Hi All, I am recently coming to the end of a 2yr fixed term mortgage and am looking to pay the maximum I can and then remortgage on a smaller amount. Is it a good idea to open a credit card account (one of these 0% interest for 13 month deals) with a £3,000 or so credit limit and using it all to reduce my remortgage amount…
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First time buyers - Income multiples
Hello helpful and clever MSE people :) My wife and I have been renting for a couple of years now, and following getting the landlord to fix some things, he decided to up the rent. This didn't sit to well with us, so we not have enthusiasm to move! Following on from this we spoke to our bank (Halifax) who were prepared to…
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Mortgage & Credit Scors
Hi All! I am looking for a little help and guidance with regards to Mortgages and the relationship with Credit Scores. My wife and I currently own a Mortgaged house which is worth about £125K and we owe about £114K on it. We are looking to purchase a new house in a different part of England for about £185K. A couple of…
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Would you say this is realistic for a FTB? I am just looking at my budgets.
Statement of Affairs and Personal Balance Sheet Household Information Number of adults in household........... 1 Number of children in household......... 0 Number of cars owned.................... 1 Monthly Income Details Monthly income after tax................ 1700 Partners monthly income after tax....... 0…
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Mortgage Arrangement Fee Calculator -do I pay
Hi all, How do you calculate the effect of adding a mortgage arrangement fee on to a product. I'm looking a at a 5 yr fixed with Nationwide. I have remaining £240,000 over 20 years. I would need to add the mortgage arrangement fee of £999 onto the mortgage. I can see they have a rate of 4.04% with a fee of £999, and 4.24%…
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Mortgage for single mother on benefits
My girlfriend has recently inherited a three bed semi worth around £270000. There are some debts associated with the estate which must be paid off, approx £40000. Currently my GF is living in a 3 bed flat which is rented, she has 3 children and receives housing benifit, tax credit & income support. We dont live together as…
