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Buy To Part-Let?
Hey, I'm currently looking to buy a house (first-time buyer) and when I approached my bank (Abbey) and said that I wanted a 2 bedroom and was going to rent out the second and I had someone to rent it out to, they added that income onto my income to calculate the amount I could borrow. Now I found a place I like and went…
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overpayment and interest rate
hi all quick question if i were to overpay on my mortgage (I'm on a tracker) would I be better to over pay when the interest rate is low (i.e 2%) or put the money aside and hang on a few years and overpay when the interest rate rises (say to 4%). Or does it simply not make a difference? hopefully not a stupid question…
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consent to let what are the best flexible lenders ?
Hi all looking at remortgaging our house at the moment,however we are planning a 1-2 year move abroad in around 9 months so will need to rent out the house while we are away. With this in mind we need to know in advance which mortgage providers have got the best attitude to consent to let before we select our remortgage.…
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Buy to let
Can any one help? I have about 60K and I would like to invest it in a buy to let property, both my husband and I have just taken early retirement and we have our own house which is morgage free. What I would like to know is if we can get a buy to let morgage of 100K, our joint private pension is about 22K a year, I am 58…
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mortage renewal credit problem-Help!!!
I have come to the end of my 1st 2yrs fixed mortage and my mortgage adviser has found a new deal with the natwest, But they have come back to him stating there are credit issues flagged up on me. I have never had a loan, Have no credit cards, Never borrowed any money other than the mortgage. What do I do??? Advisor says I…
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Can I buy myself out of Mortgage deal and go onto Bank of Irelands Standard variable?
Hi, Just want to pick your brains.... My morgage deal ends in two years time and reverts to 2.99% Bank of Irelands SVR... currently looking to remortgage at the moment and deal I am being offered is 3.09% am I right in thinking if I pay the early repayment charge I will go onto Bank of Irelands standard variable rate…
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Basic deposit question
Hi, I have a mortgage agreed with a 20% deposit. I have been told upon exchange of contracts I will need to pay an additional 5-10%? I do not have enough money to pay an additional 5-10% especially considering I have to pay 4% stamp duty. What is the normal process of paying this 5-10% deposit? What happens to the 5-10%?
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Changing Deal Part Way Through Term??
Hi All, I purchased my first house back in October 2009 with my girlfriend. The purchase price was £135'000 and we took out a mortgage for £121'000 with a little over 10% deposit. At the time we got the best deal we could, which of course now is total rubbish. We have a fixed rate for 5yr at 5.99%. We are now in a much…
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Should I take a Lifetime tracker?
I found tracker mortgages are more attractive than fixed rate mortgages in terms of interest rates. I'm thinking to take a lifetime tracker for my new home. I was looking at the T&Cs of some of them (eg, Woolwich lifetime tracker) and they allow switching to a fixed rate anytime without early repayment charge. Given…
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save to buy?? confusing
ok so i've been saving for a while ( sort of for a deposit and sort of coz i feel i should) with nationwide, and i've got an email about this scheme. It says if you save at least £50 a month for 9 moths out of 12, they will offer you a 95% mortgage offer at the end of it. The interest rate seems ok (on the savings part of…
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Woolwich mortgage application - beginning to be frustrated
Background: Wish to do a transfer of equity of shared ownership property. Outstanding mortgage £90,000. Salary £45,000. Monthly rent £510. I have seperate funds available to pay equity to flatmate. I submitted my sole mortgage application on July 25th. On July 29th a direct debit was set up from my bank account for…
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A cheaper way to get a valuation?
Looking at remortgaging, but our LTV is right on the border of 80% on my estimate of what my house is worth (my estimate is based on what Halifax's computer reckons the house was worth back in march). Just speaking to a lender who has good rates in our area, they would need to value the house (obviously) but will charge us…
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Just released out of my early repayment with mortgage company
Hi, I was hoping someone could help me. I currently own a home worth around £120,000 which I owe around £115,000. My mortgage is a 5 year fixed deal which up until a couple of months ago was fixed till November 2012 before I could buy out of it however I have recived a letter saying they are waving all early repayment…
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A message to give others hope!
I wanted to write this to encourage other people in debt to have hope and keep positive! My husband had huge problems with debt when I met him having recently started a Scottish Trust Deed (like an IVA) and soon after starting a divorce that put me £10000 in debt helping him out. I already had a small mortgage but snce…
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Woolwich openplan advise
Hi, I have an openplan mortgage with the woolwich, balance £121,000, original amount £153,000, and was wondering if i could re-activate the mortgage reserve (never used it previously, and it was de-activated a few years ago), and use the reserve to pay off the amount i owe on my DMP (currently approx 12,000, and about 2.5…
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Help...Northern Rock Together Mortgage & Relationship Break up
Northern Rock Together Mortgage (SVR) - £125,000 Secured - £95,000 Unsecured Loan £30,000 (Used for Deposit, renovating the property and consolidation of existing debts) 1 Bet Flat purchased in 2007 for £108,000 estimated valuation now £105,000 (after renovation to property) Current Mortgage Payment (repayment) - £630 a…
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Let to buy advice required
can anyone advise on a let to buy mortgage provider/s? We have no mortgage on the property we live in and following feedback from local agents, would have no problem in letting out the property. Therefore, we would very much like to hold on to the property and re-mortgage this so that we can fund, at least partially, our…
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Advice Needed! Completion date Friday...
My partner and I are about to complete on our mortgage this Friday, but I am concerned about how closely the mortage lender will scrutinise our finacial status before pressing the OK button. I am waiting on an expenses payment from work which has been delayed due to admin errors at head office. The expenses are for my fuel…
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homebuyers helpline.
Hi, SIster in law told me about this firm, homebuyers helpline based in wolverhsmpton. Searched on fsa website, but could not get much information. Want to use them for mortgage. Have a tricky case, them seem to have offered me mortgage advise. The offer sounds very interesting. Has anyboby used then before.
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Advice needed please!
Hi - hoping someone can provide some advice. We are curently marketing our home and its been on the market for around 8 weeks without any viewings. We have our heart set on a house which will be perfect for us for the long term (we have 2 kids). We are lucky enough to have around 100k equity in our current house (value…
