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Equity Release
A relative of mine is currently in a difficult situation whereby he has purchased a house with help from his sister, and the sister is now asking for the money back. He doesn't have the savings to pay her back, and his only real asset is his share of the house. He needs to find £44k, but is on low pay and is in his late…
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buy to let Help
I have finally (fingers crossed) found a mortgage. As I am new to this, I wondered if anyone here thinks this sounds ok. I don't work, but I do own a couple of flats. I have a tiny income (£4000 pa) and I need to renovate one flat and rent it out. I have no savings left and couldn't find anyone willing to offer me a…
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Consent and declaration to mortgage form
we are in the process of remortgage and our son and daughter need to sign one of these forms,but supposedly is has to be witnessed by solicitor and advice given for a fee.... can this form be witnessed by any other professional
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Is this one of the best mortgage deals out?
YBS 5 year deal. 2yr tracker 2.29 (1.79 above base rate) followed by 3.39 fixed for the last 3 years. 25% deposit required I think you have the best of both worlds with this deal but only my opinion
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First time buyer help
Hello Any and all help would be greatly appreciated. Basically this is the situation: We are both self employed and for our 09/10 accounts he has a profit of 19,000 and I have a profit of 10,000. Our profits show steady increases and we can get an accountant to sign off on accounts. We wish to borrow 80,750 and have a…
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First Direct Capped Tracker Mortgage
Hi, For just over two years I have had an offset mortgage with First Direct which is a variable rate (2.48% above bank of england base=2.98% for the term of the mortgage). This is also capped at 4.99% until 31st August 2012. I have today been notified that First Direct are offering a three year capped tracker offset. This…
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Too early to book a remortgage deal?
Two questions actually!Our Fixed 2 yr rate ends end of Jan with Nationwide. Is it too early to book a new deal either with them ro a new lender? Also how do Nationwides remortgage rates for existing customers fair in todays market compared to other lenders. Thanks as usual... F
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Re-mortgage advice please?
Hi, Just got to the point where really need to sort our finances out, we owe £78,000 on our mortgage (19 years remaining), we have a secure loan of £22,000 (11 years remaining) and several credit card debts amounting to around £12,000 between us. We have recently had the house valued as we did think of going down the route…
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Home Improvements - money needed!
Thread Stats Views: 0 W W Factor Coming Soon... Share This Thread: [URL="http://www.facebook.com/sharer.php?u=https://forums.moneysavingexpert.com/discussion/3515825 [/URL] [URL="http://twitter.com/?status=https://forums.moneysavingexpert.com/discussion/3515825 [/URL] We have 7 years left on our endowment mortgage which…
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Redemption fee when mis-informed
Hello I have a mortgage with bank of ireland. I am on a fixed rate until 2013 (jan) with approx £3500 as an early redemption fee 1 year ago I decided I wanted to move house, I rang BOI and they told me I could port my mortgage and gave me an agreement in principle to borrow an extra £50k to move to a bigger house. As I was…
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Refused for mortgage unsure why
Our fixed deal is coming to end, we are currently with NRAM and want away asap. We applied for a hsbc mortgage, everything appeared to be ok, the advisor said he shouldnt see any problems getting it agreed in principal, then would go on valuation, we are expecting to have 80-85% ltv. We have a joint annual income of…
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Temporary loan to buy
Hello I'm looking for some advise regarding a temporary loan to buy a property. We own a flat which we have a buy to let mortgage agreed in principal. We are trying to buy an old chapel without change of use planning. We need around £200000 to buy it. We will then apply for change of use and get a self build mortgage. We…
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Really Confused About Our Mortgage.
Hi, Ive never posted here so if i do something wrong feel free to correct me. I have 2 questions 1 short 1 long. Short question: Everyone keeps telling me that when you have a mortgage you *have* to have some kind of insurance policy that states if one of you dies then the mortgage will be paid off? Is this true or not?…
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Joint mortgage application - 1 salary
My wife and I applied (online - YBS) for, and received an AIP for a mortgage. My wife is the first applicant and I am the second. At that time (and currently) my salary is 30K, I have now been formally accepted for voluntary redundancy at work and am on notice to finish in a month. This is very much what we want, however…
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FTB dilemma- Cattle Market!
Myself and my husband are first time buyers, we have been renting for 5 years and have a pretty low deposit of £10,000. We have reserved a new build property paying £500 and agreeing a price of £163000, as the developer offered 5% deposit paid. The house is at a premium compared to the same style house in other positions…
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First Time Buyer
Hi Apologies if this has already been posted / answered but after a quick search I couldnt find the exact answer I need. My wife and I are due to buy our first house soon. My question is... If we find a house for £140,000 but an offer is accepted for £130,000, can we get a mortgage on the full £140,000 (minus the 15%…
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Remortgage with new partner
Hi just looking for some advice, I have a house with a current value of around £200 000, I am due to get married at the end of the year and am wondering what the best thing to do with the house is. At the moment the house is solely in my name I have two young children from a previous marriage and obviously want to protect…
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change in Mortgage administration
My fixed rate mortage with E-mex (part of cheshire Building soc) came to an end about 6 months ago and have been paying their SVR which is 5.99%. I've benn trying to remortgage it but with no luck so far. last month the admin of the morgage was taken over by mortgageworks whose SVR is 4.99%. are they under any legal…
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broker help
Hi ppl Me and the partner applied for a mortgage through a broker who is realy not very helpful. My valuation been done but no offer and been nearly 2 months. Spoke to broker and was told there is some problem with the solicitor we was using which was recommend by the broker. The solicitor is being investigated for money…
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Mortgage Interest Question
Morning All, In about 5 months time my current mortgage deal will expire (2 years tracker). My question is, if i were to move mortgage providers, would there be any interest rebate due when the new deal that i take out, pays off the old deal. I have been told that in the first couple of years of your mortgage you pay…
