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Newly self employed - mortgages
Hello, Is there any mortgage brokers out there who will consider me for a mortgage. I have been self employed for 3 months. I have about 25% deposit, 1 property 85% paid off (with RBS..) and a good income. So far I have had no luck with banks but wanted to check with the larger community of mortage advisors prior to go…
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Can i get a mortgage for buy to let property bought at auction ?
Hi All , just looking at some ideas - any help appreciated. I'm thinking of purchasing a buy to let property at auction. In my area i can buy at auction a two bedroom property in the region of 60k that requires some modernisation. My question is if i have 15 k deposit to hand and the rental income was around £400 would i…
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Permission to Let, or LTB??
Hi I am looknig to buy a house with my partner and so would like to rent out the house I am currently living in. I have a mortgage with halifax but am not currently tied down to a deal. i was just wondering would it be best to ask halifax for permission to rent my house out, or should I switch to a Let to Buy mortgage with…
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Fixed rate has come to an end
Just some advise needed please...our two year fixed rate came to an end in August. We were looking to move but it didn't cone to fruition so have decided to stay put. We are now on the svr with Halifax & are paying about £200 a month less than we were previously on the fixed. What with the downturn in the world at the…
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1st time buyer. 2months no mortgage offer
Hi ppl My wife and I are first time buyers and we have applied for a mortgage through a broker and its been almost 2 months n we have not recieved an offer. The mortgage is going through Halifax and they have already completed a valuation which was done last months 18th and there were no issue. Last week monday had a call…
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Mortgage Advice Please Help!
Hi GUys, 1 st post from me:T I'll tell you my story and if any1 has any advice please reply, thanks. We'd like to buy a house up the road. It costs £300,000. Our house is worth £220,000. So if we sold for this, paid off our mortgage £150,000, we'd have about £70,000 left over as a deposit. Now as im part time, our wages…
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Endowment Nightmare
Firstly, thank you for all the replies. Ok, I'll try to explain.......In 1990 my partner and i were in our early 20s. We heard about a scheme run through the council, named: DIYSO (Do It Yourself Shared Ownership). We proceeded to purchase 50% of a more suitable home having 2 dependants. Went through the mortgage process…
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Can brother re-mortgage house without siblings realizing?
Hi, ownership of my parents home was transferred to their children in 1987 in order to get around inheritance tax. There is no mortgage on the property. It is in my name, my brothers name and my sisters name. My question is- can my brother re-mortgage or get equity out of the property without myself and my sister knowing…
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Getting Out of a Mortgage Early
Hi, I am currently on a 3 year fixed Mortgage which I took out in September 2009 (so have 1 year to go). It is with Nationwide. As I was a first time buyer and had a small deposit I am on a very high rate of 6.25%. All I hear about now is how mortgage payments are the lowest they have ever been and how there are so many…
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re-mortgage/equity advice
I am a new poster and hopefully this is on the correct site. My situation is this. I have started a full time degree course and have just found out that the funding I have applied for has been turned down. Obviously, I will not be earning anything as I will be studying full time and I have a baby for whom I am paying…
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Remortgage query
Hi there, I'm looking at remortgaging and moving to a new lender. Currenlty we have two products with our existing lender and I'm keen to keep two products with a new lender one has 10 years left to pay and the other 22, most companies I've spoken to so far say I can't have this set up - does anyone else have any…
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Newbie! 2007 c/c default & mortgages
Hi all, I'm new to all this so please accept my apologies.... I hope I'm on the correct board. I had a HSBC c/c in 2007, worked abroad, thought a D/D had been set up to cover payments... it hadn't. Arrive back in the UK late 2007... realise no payments had gone out and HSBC had passed on the details to their internal debt…
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Feedback on Remortgage decision please
Hello. I have finally (well 99% certain) made a decision about our remortgage and wondered if you guys out there could give me some 11th hour feedback. I have a MORTGAGE with Britannia Building society for 89k. It is in 2 parts - 1 part is 0.75% above base tracker owing 23k 2nd part is fix at 5.09% owing 66k, which will go…
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Unable to change NRAM Mortgage DD date
Hi Lovelies I've just started a new job and my salary date has changed from being the 20th of the month to the 7th of the following month. We have always had our DD set to the 1st of the month and I called NRAM to change to DD date to the 8th to ensure everything runs smoothly and have bee told they don't have the facility…
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CeMap qualification
Hi, Not strictly a mortgage post, but didn't really know where else to put it!! I am currently working for a bank in the mortgage section (non-advised). This is a stop gap and I have decided I would like to try and pursue becoming a Mortgage Advisor. I feel I have gained a lot of useful experience in a short time and this…
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Delays to exchange
So I'm in a chain, all are ready to exchange (all but one using an online conveyancer, the one who pushed for the week we are now aiming to, but that's another story). I was clear from the start that I wanted 2 weeks between exchange and completion for security and to allow transfer of utilities etc. Things seem out of my…
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Mortgage over payment
My partner and I recently paid off an additional £1,000 off our mortgage, I expected that to make some difference to our monthly payments or the term of our mortgage. We are on a 35 year mortgage. Having made the payment, the Company have reduced our payments by £6 a month. Having called them today they inform me that I…
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FTB and buy to let help please
Really need some advice please. We are currently renting but fortunately able to save a large amount every month £1000+. We've found our ideal house in a different town (where we want to live) and been offered a cracking deal, mortgage payments would only be ~£650. However we don't want to leave our current area due to…
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interest only mortgage
I'm trying to help someone work their finances, but not having been in the mortgage market for a long time the mortgage setup seems very odd. You used to get interest only mortgages with an endowment insurance policy. The matured endowment would pay for the capital. My friend has told me that his mortgage is interest only…
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BTL Mortgage Advice
we currently have a mortgage of £130,000 and a realistic value of £160,000 and we'd like to be able to move but retain this property to let it out. Ideally we'd like to switch to a Buy to Let mortgage but I'm told we must have at least 75% equity, but others have told me we can do it with 80% (which is where we're at now).…
