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Commercial Mortgage Abroad
Me and my partner would like to buy a property in France, which we could use as a B&B, or ideally self-catering apartments. We own a home in Bristol, which we would like to rent out, and move to the new property in France. We have no experience in setting up a business, so I was wondering if anyone could give me…
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financing for a Holiday home?
I've got a fairly good understanding of mortgages etc but I'm coming a little unstuck with something at the moment. I'm struggling to see how holiday home finances work - I just dont see how it stacks up. We potentially could to be mortgage free in the near future and are starting to look at possible investments -…
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Mortgage Help
My problem is a bit specific, but any guidance will be gratefully received. I've recently split from my wife and have moved into a flat out of our mortgaged property. I'm struggling to pay for both houses and my wife has suggested that she continues to pay the mortgage on her own (but keeping the house in joint names).…
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Valuation when remortgaging
Our fixed rate isn't due to end for another year or so, but in the spirit of being prepared and all that, I'm thinking about the remortgaging process. We originally borrowed 94% of the value of the property (as first time buyers in 2009 - a very high LTV thanks to a relative putting 19% of the value of the property into a…
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Remortgage, buy to let & releasing equity
Hi everyone, I am seeing an advice re buying a property (house) - value up to 380k. And, being honest, not sure where to start... So: 1/ I am the only owner of a 1 bedroom flat in London area (bought few years ago for 189k; I have had a cash deposit of around 100k the rest was a mortgage - around 80k, the interest rate at…
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Best possible option for self employed with 2 years accounts
Hi Guys, Could someone please advise me, whats my best option if i have 2 years account being self employed. My 2nd years account is about to be submitted along with self assessment Property Valued and offer accepted at 120k Deposit : 18k looking to borrow : 102000 **to add , its a leasehold flat with 115 yrs lease** I…
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Deadline looming - Mortgage advisers would love your opinion
Hi there. I shall cut to the chase......... My Fix rate is ending soon. I had posted a while ago but i did not have many comments. we have a house valued at approx £210,000. Good credit history both in employment earning around £40k between us. I have a mortgage with Britannia building society - the mortgage has two parts.…
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If House Prices Crash, Does Anyone Gain?
I bought in 2007 for 130k. Prices in my area remain unchanged, so I assume that is still the value of my house. I now have a family and need a bigger place. I plan to move in two years' time to a house that would cost around 250k in today's money. Let's say that prices halve over the next two years. I would only get 65k…
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Paying deposit to solicitor - which account?
I'm a FTB in the process of buying a property, got my mortgage offer through ok and I'll very soon be needing to provide my deposit to my solicitor ready for contracts exchange. I've got money from potentially 3 accounts that I want to take money from to use for my deposit (a Nationwide Cash ISA, Lloyds current account & a…
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First time buyer - should I jump in ASAP?
Hi, We have been thinking about getting a house of our own for about a year now and have managed to save about 15k for a deposit. Now, my wife is 3 months pregnant and without her (fairly modest) salary we will not be able to get a sufficient mortgage; however at this moment in time we have been offered up to 148k which…
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Long winded remortgage
Chasing up today to see where I am at only to find another obstacle! Remortgage is from Nationwide to HSBC. Turns out when I remortgaged some years ago from the Coventry they never removed the charge held against my freehold,so on the land registry search they still show up! confusing Nationwide seem to have a charge on…
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Stages of Repossession in Scotland
I found this on another site and thought it was really useful, hope it helps: Stages of Repossession in Scotland Changes to the law The procedures that mortgage lenders have to follow to repossess your home were changed in October 2010. Unless mentioned the content on this page reflects these changes. What is repossession?…
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New Employment and Mortgage
Good Morning Money Savers I'm due to retire from the forces next year after 22 years of service, I will get a Pension and a Tax free lump sum. Clearly I will be looking into going into full time employment. However at this moment I do not own my own house. what are the Mortgage companies policies with new employment etc. I…
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What is the best kind of mortgage for me?
My partner and I have a fixed 2 year mortgage for our first house which ends next month. I am just wondering what people think would be the best kind of mortgage to go for after that? I have heard people recommending tracker mortgages but am unsure about whether this would be the best option? I would appreciate any advice.…
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what happens when we hand keys back
im really stuck.i have a mortgaged flat which we lived in for a few years then had a growing family. we could not sell the flat and after awhile we were lucky enough that my family purchased a family home for us which is now in my name with no mortgage. we cannot sell the flat and cannot afford the mortgage.we have…
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Moving mortgage whilst on a DMP
Hi everyone, I'm not sure if this is the right place to post but I hope someone will have some advise. I have been on a debt management plan since 2008 and have an interest only mortgage with Leeds Building Society which I have only made one late payment on in 2008 and have been on time with no arrears since. I currently…
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Mortgage....how soon after reposession..and is it possible?
hello all. I am new here...I had my house repossessed after sending the keys bank to the lending bank when i lost my job after my company went into administration in 2009, now whilst i understand this was not long ago I now have another great job, and i am able to save quite a lot of money in my savings account, obviously…
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Key worker mortgages
Hello Does anyone know if key worker mortages are still readily available and also if you are getting a joint mortgage do both of you need to be key workers? Thanks
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Mortgage Mis-selling Claims Company's
Hi, looking for some advice please; Was sold a re-mortgage in 2007 through a broker at a company called DFD Mortgages (no longer trading?). Have researched on the internet and nievely (from our point of view) it would appear that we have not been given the correct advice and the broker did not offer us other alternatives…
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Selling a share of your house to a family member
We have one child age 22 who, like many youngsters nowadays, is unlikely to be able to buy their own house. We have a large property and have only 6 years left before our mortgage finishes. We have decided to convert one of the buildings attached to the house, into a one bedroomed property for our child & partner. We are…
