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Best mortgage for homeowner
My parents have offered to get a mortgage on their house which they own outright to help sort out my finances. I need to borrow £25k over 5 years. I think that one of the low fees/higher interest rate mortgages would be better due to the low equity I'd be borrowing...could anyone help me by showing me the best place to…
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BTL Remortgage
Hi all, I currently have a base + 1.5% BTL mortgage (with the Principality building society) of £78,000. The flat was worth £180,000 3 yrs ago when I took this 3 yr deal out. I'm due to go onto Principality's SVR (4.99%) on Jan 1, looking on their website I notice that they have a fee free 2 yr tracker ( base + 3.49%).…
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Mortgage Advice
Hello all I currently have a mortgage (5.99% fixed until June 2013) of £156k on my property (value £205k) which I took out 9 years ago. When I took out the mortgage I was employed by a company and on a salary of £29k. Since then I have bought the company and so am now self employed, but my mortgage company have not been…
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guarentor mortgage
We are guatentors for our daughters mortgage.We want to pay off a lump sum which will leave vher with a small mortgage.If she borrows more money are we still guarentors or do they have to ask our permission.
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Concrete info on changes to right to buy?
I just wondered if anyone had heard more certain info on the changes to right to buy? Like the % discount available ad the caps they set for example, thank you
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Question regarding EAs Fees?
Quick question regarding our EAs and there policy regarding the sale of our house to my in-laws. 1. If they have not introduced us to these buyers( which is obvious as they are my wifes parents) can they still claim their 1.5% commission on the sale. 2.If yes, how long can they lay claim to commission after we have taken…
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Re-mortgage while on benefits
Evening all, I have been on incapacity and DLA since 2006 due to a long term illness. The debts are beginning to spiral out of control and I have a very small mortgage which is a lot smaller than my actual property is worth. I do receive help with paying the interest on my mortgage but make up the rest myself. Has anyone…
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Legal Situation on Joint Mortgage?
Hello... My situation is as follows, I have an ex-partner who's name is still on the joint mortgage account, and is after moving back into the house for believe it or not *free*...(by the way we are divorced)! can she simply legally do that while I work full time to pay the the mortgage to this property while she doesn't…
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95% Mortgages - what's the catch
I'm looking into whether a 95% mortgage is a viable option. I found this page on money.co.uk: http://www.money.co.uk/mortgages/95-mortgages.htm It details lots of 95% mortgages, some of which have a really high rate (5.5%, 6% etc) which I get, as these are riskier for the banks. One company has a lend a hand mortgage,…
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Cash incentive for selling a house
Hi all, Trying to sell the following property; http://www.rightmove.co.uk/property-for-sale/property-18507879.html Anyone know any sites or agencies (other than a traditional local estate agent) that would get their finger out if there was a £2k cash incentive? Tried everything else except those 90% value cash offer…
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My situation
Hi due to job loss in March and having to return to my substantive post within a local authority. The salary was considerably less and I was not able to continue paying off debts through a debt management plan. I had to reduce my payments from £200.00 pm to £1.00 pm to each creditor. I also have a secured loan which i pay…
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Argh Mortgages
Hi people, Ok I have a accepted offer on a property for 87500k a deposit of 15000k and a income of 30k. I am looking at at the mortgage products rang London & Country, ING and paying a visit to my bank tomorrow so as to see whats out there. But to be honest I am a bit bidazzled with all the mortgage options out there. I…
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Renting out my Property
Hi, I need to rent out my current property as it has decreased in value, and we have a baby on the way and need a bigger place (but obviously can't sell as in negative equity). The mortgage company has refused to move me onto a consent to let mortgage. I am wondering what the implications would be if I just rented out my…
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I need leasing of my house information please
hi guys it's come to the point where me and my wife are having to move closer to where I work to save money on petrol/traveling in general the situation is that we have an interest only mortgage which we have used to balance petrol expenses but also the house if we sold would be in negative equity for about 10k so we…
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FTB: Question about mortgage and home improvement loan
Hi, This is similar to the question posted in a previous thread but the LTVs there were much higher. I am looking at a property that can be bought for around £300k based on offers/discussion with estate agent. The property needs about £25k-£30k of repairs/improvements that need to done to it within the next 12 months…
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Another 'have I got a mortgage chance'...
Hi guys, Sorry but this is another one of those posts! Would just like opinions on whether my OH is likely to be able to get a mortgage with me? Details are: - We have a £30k deposit - House we like is £170k but we could go for something smaller if we can't lend so much - We don't have any credit cards, loans, finance or…
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MSE News: Mortgage rates hit new record low, but watch out for the fees
This is the discussion thread for the following MSE News Story: "Mortgage rates have been falling for months but borrowers have been warned to consider the soaring fees charged ..." Read the full story: Mortgage rates hit new record low, but watch out for the fees
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BTL rates?
Please could anyone give me a rough idea of interest rates for interest-only BTL mortgage, both fixed and variable? I KNOW the answer is "it depends" and I am going to see a broker, but just after a rough idea? Plan would be to borrow up to £100 000 to buy a property costing up to £180 000. Currently have a low income,…
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2 houses, 2 mortgages....
Hi all Really after a little advice if possible: Situation is as follows: 1. My wife owns a property and has a mortgage on it under her name - accepted an offer of £178k (mortgage is for £129k) 2. I own a property and have a mortgage on it under my name -valued at £205k (mortgage is for £152k) We both bought these…
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Washing Machine probs in rented house
we just moved into our new rented house last week, everything going fine until yesterday when the washing machine broke down (won't spin). called the landlord who came out last night to have a look at it. After about 20 mins he managed to get the door open to get my wet washing out, and got the machine to start spinning…
