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Second home mortgage
Hi, I hope someone would be able to give me some more information on second home mortgages as I am a bit unsure of the answer. Myself and my husband currently have a mortgage on our house (not very much left on it) and we would like to buy an additional house. I would like to know if we would need a second home mortgage?…
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Advice please!
Hi, this may be a really silly question, but I just thought I'd ask it. I've had my mortgage with First Active for 10 yrs. 3 yrs ago I had difficulty paying some bills so switched to interest only. In the next 6-12 months I'm thinking on buying a bigger house with my boyfriend. Obviously I'd like to have as much equity…
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HBOS Mortgage refused extra lending. Other Options?
Previously had excellent relationship with Bank of Scotland (no missed payments since mortgage taken out 12 years ago) They were always happy to help with additional borrowing. Recently applied for more and we were turned down due to affordability. In fact they said that under their new criteria our current outstanding…
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Nationwide Early Repayment Charges - Help Please
Hi We have had a mortgage with the Nationwide for a number of years and took out a 5 year fixed mortgage with them over 4 1/2 years ago. We sold our house in December and it was agreed that they would port the mortgage to our new property at the same rate for the remaining 9 months (this was back in December). On the day…
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Mortgage declined after AIP given - but I've already sold! Help!
What a mess. HSBC agreed to an agreement in principle last month. I am fully aware it's not a binding agreement, just an illustration, but it makes one feel safe about spending enormous amounts of time looking for houses. Given that I've got a 928 credit score with Experian, a 45k base salary and very little debt (as well…
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Less than £10k on mortgage but need to rent out - BTL or loan?
Hello I may be needing to rent my property out. However, I have less than £10k remaining on mortgage. Getting a BTL seems expensive in terms of set-up costs, new legals, survey etc. A friend suggested a loan but guess interest rate would be higher. Does anyone know what my best bet would be? Are there any really favourable…
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First time buyers!!
DD and her BF have just put a "very small" deposit down on the last remaining small house on a new development to reserve it. They have been told they have a mortgage in Principal with the Nationwide, have today got themselves a solicitor so are just waiting with fingers crossed that everything goes ok. Having never been…
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Confused - Halifax SVR change
Hi folks Hopefully someone can explain this as I'm baffled. Received my letter from Halifax today about my mortgage and about the SVR changing and what my new payment will be from May. Now I'm currently on a 2 yr tracker until Dec this year. Since BOE rate hasn't changed, I didn't expect my payments to be affected.…
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New house purchase
Hi everyone. Not logged on for a long time so am not sure if this sort of question has been asked before. I currently have £78k outstanding on a £90k mortgage, with approximately £105k total overall equity in the property - which I am looking to rent (as agreed with current lender). I am now looking to purchase a new…
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Santander VS Leeds BS?
Currently researching mortgages for our first home, we're in quite a good position re deposit so have a few Mortgage quotes, e.g. - Santander 2yr fix at 3.39% (25yr), free valuation, £250 cashback, £995 completion. Apparently able to move really fast, which would be great for us. - Leeds BS, various options e.g. 2yr fixed…
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What would you do?
Hi I have got a bit of time on my hands at the moment and have been looking at our current mortgages. Would you look to improve on the following situation; We currently have 1 x buy to let mortgage with Santander on a variable rate of 4.24%. The monthly payments are £240.25 on a loan value of £67,995. The property is…
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Nationwide Remortgage leaving mortgage open with a pound
Hi have just had my redemption figure for my Nationwide mortgage as we are stuck on there 10 year fixed rate mid term.We have decided to pay the E R Charges and remortgage elsewhere as they will not offer us another product.With the redemption figure was a remmittance advice letter which states"N B. for our members who are…
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Help... new mortgage taken out before old one settled.
Hi, I am feeling a little ripped off by either my old bank or the solicitors we used.... I remortgaged my house last month and the completion date was set as the 1st. I borrowed a little extra than the current figure for home improvements and that was transferred into our joint account on the 1st as expected. I was…
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Property Value
Hi all, My fixed mortgage is ending in August, but I'm just doing some preliminary research by comparing rates. I'm a little confused by the property value though. We bought in 2009 but have since done some substantial building work and turned it from a 2 bed to a 3 bed. When entering my property value do I enter the price…
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85% BTL possible on ex local authority flat
Does anyone know if it's currently possible to get an 85% BTL mortgage on an ex local auth flat? Thanks
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Santander Mortgage
Hi, Im applying to Santander for a mortgage and was wondering what my chances are. Im a FTB with £20000 deposit, earn £23000 a year and looking for a mortgage of appox £100000. I have a reward current account with Santander, but they wont give me an overdraft or credit card. I have checked my credit score and have no…
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CEO NRAM email address?
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Nationwide remortgage with 1 late payment
Hi all, long time lurker here. Currently on Halifax SVR which is due to go up to 3.99% soon, so looking at possibly moving to another lender for a 5yr fix or low tracker. I've been self employed for 7 years, do my own accounts so can only provide SA302s, not certified accounts. Earnt 38k net profit last two years, 22k the…
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Nationwide FTB jitters
Hi everybody, long time lurker 1st time poster. Me and my wife applied for a 5yr fix with nationwide through Countrywide brokers on 24th March. Survey was done on the 30th. We have a 30% deposit on a 125k house. We haven't heard anything since and the broker seems more interested in signing us up for income/sickness…
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Mortgage affordability
Hi everyone. My head is spinning looking at so many different mortgage rates and calculators and I was hoping for some advice by posting here. Is a mortgage of 104k too much on a joint income of 34k? (18k and 16k respectively). We are looking at a £130k house with a 26k deposit. How stretched are we likely to be? Should we…
