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Mortgage while in an IVA?
Hi, hope someone can help advise me with this. My husband has an IVA, he was just going into it when we met. Long story in between but we are now married and living in a house which is mine with our 3 children. His IVA finishes at the beginning of next year. We just wonder if there is any chance of getting a new mortgage…
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Buy-to-Let Mortgages
Just found out today from the FSA that these are un-regulated and not covered by the Financial Ombudman etc. As a Landlord, it would be nice to know what protection the Halifax have for me if things went all Pete Tong with them. Also what's to stop them hiking up interest rates etc etc? I found this out whilst researching…
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Mortgage - Old defaults
Hi all, first timer here be gentle. Me and the missus are getting married next year and also want to purchase a house together as we currently live in a 1 bed flat (which will be rented out on a B2L mortgage she's converting it too, the income will outweigh the mortgage costs and as its B2L we can use that as an income…
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Very Quick Question
Hi ya, I have had some very assuring and great advice from fellow members here. I probably need one last, until we put this to bed on Monday. We have the mortgage offer and are going to complete on Monday 31st (Exchange and Completion simultaneously) We were given services to check Conveyance Progress online. This morning,…
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Buy to Let Mortgage & Insurance
Hi My mortgage will end in the end of this year and I am thinking of extending my mortgage for another fixed five years. However my tenants will move to my 1st house in January, should I use 'buy to let' mortgage? Should I change my insurance to landlord insurance or what? FT
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Remortgage
Hi - We have a mortgage on the property we live in with an LTV of 26%. We would like to move the mortgage to another provider. We also have a property which is mortgage free which we rent out. My question is: Should we tell the (possible) new provider about the 2nd mortgage free rented out property when we apply for the…
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Lender turn around times
I'm having a bit of a nightmare at the moment, we sold our house about 3 weeks ago and we have an offer accepted on another property. We decided to go with first dierct for our mortgage, after sending off all our paper work etc. they kindly contacted us yesterday to say they are unable to lend us enough money. We have a…
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Removing Party from Mortgage
Hi, I'm looking for some advice, bit of a long story so apologies in advance. I took out a 100% mortgage with Northern Rock for £104,000 six years ago (Sept 2005) with my ex partner. The mortgage and property is in both our names, no deposit was put down. We have since split up on bad terms and she moved out of the…
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Buy to Let Mortgage or Not
I am in the military and I am serving too far away to live in my own home so I have rented it out - I lived in it for 5 years before renting it out. For that I had to change to a buy to let mortgage. I want to sell that house and buy a house in the town that I will settle in after leaving the military. I don't want the…
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Using home to get a mortgage on 2nd home.
Dear forum, I own a home - it has no mortgage. I want to rent out this home, and buy a second home to reside in. What are my options? Can I secure a mortgage using my current home...in conjunction with my salary? I have 10-20% which I can use for a deposit where required. Thank you in advance.
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What is NatWest's application process?
Just curious as we're about to start a mortgage application to them and my IFA wants to do an 'initial process application' and if we pass that submit a full one? I'm sure he knows what is required and don't doubt him but why 2 seperate application types? Thanks as usual f
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100% deal, interest only coming to an end.
Hi, I'm new to the forum, but would appreciate any advice. Naively and as we were desperate to get on the property ladder we took out a 100% interest only mortgage five years ago (Northern Rock, 80% mortgage and 20% personal loan). I realise in hindsight that it would have been better to wait for a decent deposit to be put…
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How much will an overdraft affect the chances of a mortgage offer?
Hi, My OH and I are FTBs looking to get a 5 year fixed mortgage from HSBC with LTV 85%. We visited the bank last week and have received an AIP for £187K based on a property of £220K. At the time we submitted details of salary, credit card debts etcs. We have an appointment next week again at HSBC to actually apply for the…
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only paying the interest on a mortgage ?
hi please can u offer me some advice . i currently have an interest only mortgage with northern rock , i have tried to get the mortgage on interest only twice now without success , my payments are due to go up in december to a rate i cannot afford . can u tell me how i would stand if i continue only to make the interest…
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Received Mortgage Offer - Does this mean we actually have mortgage?
Hi, Sorry if this sounds like a stupid question. We are currently trying to buy a property and were given an agreement in principle from Abbey based on the fact that we still had 2 existing mortgages. They then came back at the processing stage and said we would need to transfer equity of one property and rent the other…
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Buy To Let
I'm very new to this. I'm thinking of buying a buy to let property with a friend. We have sufficient income and can put in just over 20%. Should we be aiming to keep the property for the long term or should we be thinking that we will sell when prices increase and use the increased equity and buy two more? I'm having…
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Post Office mortgage
I was wondering if anyone had heard about the reputation of the Post Office's mortgages. We are just in the process of applying for one through them and haven't heard much about them when we have been looking through the lists of potential mortgage lenders. We have a joint income of approximately £25,000 (actually both…
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Mortgage Rate Increase??
My bank has just written to me so say they are increasing my mortgage rate due to the the increased cost of funding and operating mortgages in today's economic climate. Can they do this?
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Is this a 110% mortgage?
Hi Guys I see a house selling for Offers around £90k, the ad states that its valued at £120k. Could I get a Mortgage of 100k and keep 10k for home repairs?
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Capital gains on rental property
Hi, I own a property with a normal mortgage who have given me permission to let. I was told today that if I don't sell the property within three years I will have to pay capital gains on any profit I make from selling the property. Also is it from the day I moved out of the property or from when I rented the property? Is…
