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LTV question
Hi All, I have completed my initial mortgage period and I am looking to make an early repayment to get my Loan to Value amount down to 60% and thus have a wider range of mortgages to choose from with better initial rates when I remortgage. My question is can I just pay enough early repayment to get my LTV down to say…
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Implications of buying a repossession?
Hi guys Looking at a 90% LTV mortgage And should have no probs with this What are the implications of me purchasing a repossession? On the part of the lender and their enthusiasm to lend to me? Cheers
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Endowment Insurance
I had an Endowment Mortgage which is now payed off, but as the insurance only has a couple of years to go I kept paying. Now a few years ago there was a thing about selling the insurance policies to a different company for more than the face value. Does this still apply?
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Consent to let affect new mortgage borrowing?
HI, Our current provider has said we are able to convert our current mortgage to 'consent to let' for a fee of £100, valid for a year, followed by review (RBS One Account). We are hoping to buy a new family home whilst we decide whether to keep the current house or sell it. Will the consent to let affect how much we can…
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First Time Buyer - Please advise!
Hello everyone, this is my first post, though I have viewed forum topics for a while. My wife and I are in our thirties, both in full time employment (combined salary of £50k), and renting our house. We want to buy a property. We have no outstanding debt and a £30k budget for deposit etc. Can anyone give me some general…
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Will bank increase mortgage offer
Hi I had an AIP agreed for £124,500 and the the full application approved for £110,000 for a house costing £130,000 i had a £20,000 deposit. I have now pulled out of purchasing this house - too many problems with it. I have had an offer accepted on another house for £158,000 and have upped my deposit to £32,000 - 20%. Will…
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advice what difference between halifax svr & home owner variable rate
Advice Please I am currently on a halifax svr at 3.5%, due to the announcements, i have enquired to see what rates are available i have been offered a 2 year fixed at 3.74% but in the condition it states after the two years will revert to a halifax homeowner variable rate. What is the differnce from a svr? thanks for your…
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Best provider that allows online overpayments... any advice?
I have a £72,000 mortgage and am currently paying around £380 a month to an Alliance & Leicester account on the base rate. I havent been able to move onto any other rate above the base rate because the actual value of my house moved below what it was when I bought it. I hopefully will soon be in the position to pay off…
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Mortgage for home improvements
I want to do some home improvements on my shared ownership property and understand increasing my mortgage is the best way to finance these. Due to a bad credit history it took me some time to find a mortgage provider but eventually got a mortgage. I have had this mortgage for over a year now and wonder does it make sense…
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Should we accept Home Improvement loan after exchange before completion?
Hello, Me & my husband have got mortgage offer from halifax for FTB shared ownership for 35% share in property. We have put whatever we had in savings which is 20% of 35% share in property mortgage. We thought we will have no money to buy new furniture and other things so we applied for home improvement loan which is been…
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URGENT HELP! Remove unaware 2 year old late payment from credit report
I just run a credit report, which shows that I have an outstanding payment £25 since November 2009 with Vodafone. I wasn't unware of this payment at all for the past more than two year. I spoke to Vodaphone collection team, they said that it is for my final bill two years ago. I can now recall that I cancelled contract…
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Quick question - Shared equity and mortgages
I purchased a property in August 2010 using the HomeBuy Direct scheme. I have a shared equity mortgage with a 2 year fixed rate. When that comes to an end, am I still limited to a 'shared equity mortgage' or can I look at other types - offest,tracker etc? Also, why do you have to have a specific 'shared equity' mortgage in…
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standing orders
Hi I am looking to apply for an hsbc mortgage in the next few months,i have no loans or credit cards anymore,i have paid these all off.I have a standing order for £370 a month into my mothers bank account,will this be noted as a "credit commitment"? Thanks Steve
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Sell or rent for now?
Hello am hoping for a second opinion really - its a bit of a conundrum ..... me and my husband own our house and have decided to move out of london and down to kent. Therefore our house has just gone up for sale. We are planning on renting for 6 months or so in the new area to get to know it and where we want to buy as…
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Mortgage - Director in your own company
Hi I am planning to buy a property and apply for a mortgage. I was wondering if my current situation could pose any problems in getting a mortgage in the market. * Job - Director in my own Company * Company - It was created in Oct 2010 and only one annual accounts have been done so far but they have not been filed to HMRC…
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Mortgage help
Hi guys, This is my first time posting here but was just after a bit of advice. Here's our situation: I was made bankrupt back in 2007 and was subjected to a bru which ends in October this year. Me and my partner have been living together for the last 4 years and up until now have been renting a house from her Dad. He's…
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95% LTV Mortgages HELP!!!
Hi folks, Ive got a question that I am hoping you guys can help me with. I am looking to buy new house so I have been looking at mortgages BUT heres the thing. I already own a flat that I rent out to somebody (I live with my girlfiend in her rented flat), so that means I am not a first time buyer AND I am not wanting to…
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Valuation fee charged when selling 1% of garden!!
We are currently selling 1% of our back garden amounting to 5metres squared(our garden is around 600 metres squared) and we are gaining about 2 metres squared. This just allows our neighbour at the back to reverse his car more easily and he is paying us a good price for this small piece of land. I have however been…
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Looking for a 5 year fix
Hi, Our situation is that we are going to view a few houses over the next few days and we need to sort out an AIP (I think that is what we need before our solicitor can offer?) DH is employed - his salary is 40k per year with a non- guaranteed bonus. Since 07/08 he has received a 40k bonus annually. We have 210k deposit…
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Broken Intrest
What is it?
