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Remortgage an owned home twice in close succession
Hi all I own my home outright and we're looking to move at some point in the next 12 months. However, I need to raise 80k using the equity in the home in the short term. This appears to be possible through a remortgage but if I want to remortgage again within the 'fixed term' will I be left out of pocket? I'd like to avoid…
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Halifax SVR raise to 3.99%
Hello All, I would be grateful for any feedback out there :-) I'm one of the thousands of unlucky Halifax customers that will be faced with higher monthly mortgage payments from 1st May 2012. Has anyone received any correspondence yet from Halifax confirming what their new monthly payments will be? The website advises not…
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Should I seek independent advice?
I've come into some money from inheritance and would like to use that money on a home, for the kind of flat I'm looking at and the term of repayment means I should own 50+% of the flat immediately and so the risk should be 0. I don't know though, should I look to pay it off in the short term on my relatively low income?…
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First time buyer 0 credit rating what can i do?
Hi i have been saving like mad to put a deposit down on a house to buy...then i find out that my credit rating is 0/5 how badly is this going to affect my chances of getting a mortgage?.....and what can i do about this.. Ive never been in debt and always paid my car insurance off on time...never had a loan?
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Remortgage and debts?
I have a query for my brother, wonder if anyone can help as I have no understanding of mortgages, ltv's etc! Right he has a mortgage of 85,000, house is valued at 170,000. He has debt of about £36,000. What would be the chance of his mortgage lender letting him remortgage to 121,000 to pay of the debts? When he uses the…
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First Time Buyer
Afternoon all, Looking to step into the big wide world of mortgages at some point this year. Currently living at home with my Mum in a 3 bedroom house. My Mum is selling up and ideally wants to downsize to a 2 bedroom house. My current situation is as follows. Salary: £21000 paid 4 weekly Overtime: ~4 hours every 4 weeks…
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Nationwide - good experience
Just a thumbs up for Nationwide, who have been outstanding in helping a first time buyer get a mortgage application rushed through to beat the stamp duty deadline (put in offer a little over two weeks ago). It's a new build which completed today - the mortgage was approved within seven days and the service from the bank…
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Mortgage.... Joint to Sole!!!
Hi! Was just wondering if any of you guys have any experience with trying to get a mortgage's from joint to Sole. In terms of affordability if just under the amount needed would a lender take into account that only one person has being paying the mortgage with proof from bank statements?
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2nd Mortgage Question
hey guys, just looking for a bit of advice. i bought my 1st flat a few years ago now with a nationwide fixed rate mortgage which has now reverted to the 2.5%BMR which is obviously great due to the low interest rate. the thing is that we are planning on moving to a house once we can afford it. when we do move we want to…
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Extending Mortgage Term
Is this a possibility to free up some cash in short term as Interest only mortgages are a thing of the past trying to find out my options. Ryan
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creative ideas for buy to let and mortgage
Hi, ive consulted the bank but i thought i would put out the feelers to see if anyone has any other ideas. We have a house currently for sale, say its worth £100K and we owe £20K on a +1% BR tracker. Ideally we would buy/sell but we are concidering buying a new place and renting our old place out. Again, ideally we would…
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Two seperate mortgages on same property
Hi All, I am currently sitting on Nationwides BMR (1.99% above base) as I am very happy with this rate. My current home is valued at £120000 We Owe approx 98000. We have recently viewed a house we really like which is valued at £175000. I am obviosuly very happy will my nationwide rate as it is effectivly a lifetime…
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Chances of getting a mortgage with 2 old settled defaults??
Hi all, some advice would be great please, especially if you have been in my situation. Many years ago I had 13 defaults in total (I was young and settling down was a lifetime away) but now its that time. I currently have 5 defaults that are on my file and will have 2 by November. The remaining 2 are £200 mobile phone…
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Mortgage or Isa
Our house purchase is about to go through. Our mortgage rate is 2.95% variable (interest only),but in the mortgage illustration it says the overall comparison is 3.2%. What does this mean? Anyway my question is, I have other monies in ISAs paying more than 2.95%. Should I leave this money in the ISAs or close them and put…
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Leeds aplication fee
I received had a mortgage offer in principle accepted by the Leeds. Now when I went to make a fully application they turned me down. I have however paid them the 200 application fee. Am I entitle to this back since they have not giving me the mortgage.
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Looking for an idea of how much I can borrow
Evening all :) Just looking for an idea of what amount of mortgage I could obtain. I'm going to be separating from my partner shortly and looking for a property on my own. My salary is £22250, with bonus potential of £2,000. The bonus isn't guaranteed but has been paid for the last 2 years. I'm employed full time, been…
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need to reduce mortgage payments somehow...
:( Hello everyone, I was just wondering if anyone has any idea what our options might be? My husband is self employed and work is just none existent. We have never known things to be so bad. We have lived in our house for over 10 years and I love it! I don't want to have to sell up. I suppose we are looking for a short…
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Buy to let - mortgage
Hi All, We have been talking about a buy to let property for a long time and we have seen an ideal property. My questions are does anyone know any good offers for buy to let's ? To rent out a property do you always need a buy to let mortgage ? If we let the house as a holiday let - would this be a buy to let ? If we bought…
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Mortgage for Over 75
Hi, I wonder if anyone has any help or advice for the following situation My father is 75, he has a property valued at £240,000, which is on a Buy to Let mortgage at the moment. The outstanding debt is £60,000. The mortgage term expires in July, with the balance needing to be paid. What if anything can he do to borrow the…
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Implications of buying house undervalue from family
I currently live with my girlfriend and her family (mum, brother, sister + bf) in her mum's large 5 bedroom detached house. She's currently on an interest-only mortgage and has basically no equity in the house. It was a new build bought on a £300k mortgage 10 years ago. Apparently it is valued at roughly £600k now. We all…
