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Woolwich BTL mortgage question
I am looking at the woolwich BTL mortgages. The problem is the property is in my name only (ie not including my husband). My income consists of rent, child benefit and tax credits. My husband pays for household costs except the buy to let mortgage. Will the Woolwich £20k income rule be strictly applied? (LTV will be 50% or…
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Mortgage transfere
I want to sell my house to get a bigger one. Can I transfer my original mortgage to the new property and pay the difference in cash? or do I have to go through the process where I have to have a credit check, 3 months wage slips etc.... Anyone knows? and how long it takes to actually do the transfer
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any 10yr fixed rates around?
hi, I am due to remortgage soon, £180k min valuation, £89k still owing. We are certain we want to stay at current property for at least another 10 years, and understand early repayment fees etc if we chose to move/repay early. I started looking into deals last month and Chelsea had a 10 yr fixed at 3.99%, but this has now…
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Credit Check
My son has been advised to get a credit card and use it so that he will pass the credit check for a mortgage (as he has never had any credit before). How long will this take to show up on the credit check? If he gets the card tomorrow, uses it and pays it off next week, will this show up immediately? Or is there a minimum…
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Remortgage Valuation
Hi all, current mortgage fixed deal ends in March and this will be the first time remortgaging. Purchased the property March 2009. The property was valued at £102000 when we purchased it and we now owe £77000. I am interested in learning more about how valuations work when remortgaging. Do they come round? Are there any…
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Changing to Fixed rate on DMP help
hi i am currently on a dmp with cccs and i would like to try to fix my variable mortgage rate that i have before they start to move up,i really need a 95% mortgage as i do not have a lot of equity in my home anymore-currently with C&G and paying 2.5% interest ,they are doing some 95% deals fixed for 3 or 4 years witch…
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saving account for a mortgage
i have opened a skipton account and nationwide account to save for a mortgage. i currently pay £600 pm onto my credit union which isn't taxed. would this be better split 50/50 between the two accounts that i might apply for a mortgage to show I am able to save/have extra money each month and so look favourably at…
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Help Questions on transfer of equity.
Hi All I would just like some advice after reading loads and loads of post i just cant seem to find the answer. So hear we go Me and my ex have a mortgage. I was going to take the house on with my current partner after some talks i decided not to go ahead as there is neg equity in the house and to much of a risk for her to…
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Maximum age mortgage
Hi, I'm trying to help my Dad get a re-mortgage on an unencumbered property. He is 69 and wants to borrow £50k for about 11 years but it seems most places will only let him borrow up until 75. He owns the house outright, which is worth about £150k, and the monthly payments for the mortgage would be roughly 25% of his…
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Transfer of Equity / Negative Equity / Credit Report
Hi, I'll try and keep this very brief, but if anyone has any advice on my problem it would be much appreciated. I purchased a property with my girlfirend in October 2007 for £87,000. The finance borrowed was 102% split up £82,650 (repayment mortgage) and £6,350 (unsecured loan) with Coventry Building Society's Godiva…
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Mortgage help please
My wife and I took a 95% mortgage 4 years ago for 180k. (purchase price £195000). Two years we tried to sell the house but couldn't. Eventually we decided to rent it out and move into a rented house at a new location for personal reasons. Today, our mortgaged property is getting £375 rent, we pay £400 rent. We still are…
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off set mortgage...
basically, what is one? i have £9,000 in savings, can i use this to reduce my mortgage, get a better deal or take time off the mortgage? sorry, keep hearing about them but cant get any understandable info. cheers
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Mortgage Calculation Help
When we are given the monthly repayment cost how do we know what the interest element is and what the capital(loan) element is? The reason is, that at the beginning, the interest element is much bigger then the capital element ie. the debt amount? Thanks in advance!
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Anyone have an offset with Accord?
In the midst of an application and have just found out that there is no online access to the offset savings account(s) and any withdrawals have to be requested by POST! This sounds slow and impractical to me... is this really how they operate? Has anyone managed to make it work for them? TIA!
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Mortgage advice appreciated
Hello, would really like appreciate any advice regarding my current mortgage situation. We bought our property in Jun 2007 for £182,500 with a 2 or 3 year fixed 110% mortgage from Northern rock (we're now on the variable rate). Our latest mortgage statement (June 2011) shows the closing balance of the secured loan as…
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Mortgage if self employed?
Hi, I have recently quit my job in the media and plan to start my own local magazine, a dream I've had for a long time. I also have caring responsibilities and have applied for carers benefits (a whopping £50 a week!). My partner has just started a job on £16k basic, £27K with bonuses (apparently £25K is the average). We…
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Poorer credit mortgage
I am sat here in rented with a 'not too sharp credit file incl defaults etc' What it will show is that I am attacking the problem by keeping to all arrangements made. I am 56 In 2 weeks I leave my employer (public sector) under redundancy with a cheque for £75K and a pension of £20K. I intend paying off all the debts and…
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Leeds BS 1.99% 2 year fixed, 75% LTV
Saw this in the paper today. Hope it isn't a re-post: http://www.leedsbuildingsociety.co.uk/mortgages/2-year-fixed-rate-mortgage.html
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What 95% LTV Mortgages are available at the min....?
I can only find Skipton on search engines that allow for my area......
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Self employed sole director, salary multiples, and pre-tax company profit.
I'm a little worried and put off. I did a little bit of searching this afternoon, and I'm hearing that the banks will look at my salary (£6k) plus my tax-free dividend (£20k), when looking at what they will lend me. It is my accountant's view (and I agree), that they should be looking at my salary plus the pre-tax profits…
