-
Unoccupied mortgaged property breaking Terms and Conditions?
Hi All, I've searched the forums but can't find anything that directly relates to my problem. We have a mortgage with Basinghall Finance Plc which was with North Yorshire before that and originally with Gmac. We rented our house out for six months, ending March 5th, with Basinghalls consent, but are not in a position to…
-
Remortgage advice
Hi there, I'm looking for some advice about remortgaging my house. My present deal was over 25 years and is a 5 year fixed at 5.89% and its over on december the 1st. I'm paying £685 a month and I will still owe £96000 on the mortgage, my house is valued between 120000-125000. I need some help on what I should be looking at…
-
Overpayment vs Savings- Maths problem?
It's often said that if your mortgage rate is higher than your post-tax savings rate then overpay your mortgage. Therefore, if I had £1000 free to either overpay on mortgage or put into savings and the rates were the same (at say 5%), where should I put it? So I used an overpayment calculator and a compound interest…
-
sorry deposit query
Hi Just after some clarification mum and dad gave us some money which we have in our bank account that we will be using towards a deposit on the house, the rest we have saved ourselves. Our mortgage broker said as it was in our account we didnt need to say it was a gift. we have now had our mortgage offer and I am guessing…
-
Will GE Money Use Equifax?
Hi there, I have applied for a GE Money mortgage an they use a IDOL (Instant Decision On Line) software which only searched my Experian file. There is a default which I was unaware of until recently with Virgin Media on my file which only hits two years in July. Will GE search Equifax or just base my application on the…
-
Mortgage calculator help
I'm looking for a mortgage calculator, or help making my own amateur version in Excel / Google Docs etc - and/or any general advice people could give for our scenario. I've posted before on MSE but I know very little about mortgages, so please bear with me! MrsSO3003 and I are doing research before house buying and want to…
-
Help with further borrowing on mortgage?
Hi, wondered if anyone with experience could help! We have had a mortgage with Standard Life for almost 10 years. We currently need to borrow about £30,000 so contacted them about further borrowing. We have done work on our house recently, adding a bedroom and making the living area open plan and family friendly. The last…
-
Deposit or Debt Clearance?
Having to look at getting a mortgage much sooner than we originally planned ( matters out of our control ) so my question to the ( much more learned in this matter ) out there is this, We have a manageable ( but not good as wanted to be completely clear) debt ( we have been snowballing ) would we be better off continuing…
-
What rates are you on?
Just out of curiosity really, I'm currently on a 0.86% base rate tracker with C&G and have a mortgage advisor coming to see me next week. I like to scour the markets for a lot of my various financial dealings every few years so figure it can't do any harm, but I'm pretty sure, even with my limited knowledge of the current…
-
NEW 2012 Right to buy
Now I know this is a touchy topic for many people. Especially those who bought their property the hard working way and I admire you for that, but as you may know by now the government have given council and housing association tenants a blessing (some may say). Now I am one of those people and it be silly of me to turn…
-
Paying off debt with mortgage + application
Hello, We want to buy a house costing £340,000 , our current house has £70,000 equity. Our problem is that we can only get the mortgage we need if we have no other debts. My idea is to use some of the equity from our 'old' house to clear the debts (£24k) and use the remainder as a 10% deposit (£34k)+ 3% (£10K) stamp duty…
-
halifax mortgage consent to let
Hi took out a2yr fixed rate mortgage with Halifax 2 weeks ago after being on the Halifax standard variable. I am now thinking of renting out my flat as a job offer has come up elsewhere. I understand I need consent from lender or buy to let.does anyone know whether Halifax would make me take out another mortgage with…
-
7 year fix odd question
Hello Moneysavers and experts Looking at buying a house ASAP as relocating to the UK and will be homeless pretty soon. We have got a mortgage agreement in principle with the Chelsea. We have the 30% deposit required for the LTV and the rate will be 7 year fix at 3.99 (was 3.74 when I initially applied). We have several…
-
Student getting a mortgage
Hey, I'm just starting out with researching information so please bare with me. I'm thinking of a 'buy to let' mortgage. The area of my University there's a mass need of accommodation and rent prices are ridiculously high!! You'll be lucky to find a room less than £350 a month (excluding bills) and even then the rooms can…
-
Deeds
Hello all. Does anyone out there know how i can take my name off our deeds and leave our house in my husbands name? Also, how much does this cost as we are both strapped for cash. Thanks
-
Mortgage help pls
Hi I want to take a further advance to consolidate some loans I have. I am currently with nationwide. Now the LTV ratio, according to them is 67%. But because I don't have a good credit score they won't lend me the money. Even though I pass there affordability calculators. Their guy recommended someone like nemo, who I had…
-
Mortgage offer withdrawn 3 hours before completion
Hi All, I was wondering if anyone could give us some advise. Myself and my brother are in the process of buying myparents house off them. Completion was due on Thursday (05/04/12) at 12.15pm at 9.30am our solicitor got a call from Santander to say they were not happy with the transaction and they were withdrawing the…
-
mortage review halifax
got a halifax mortage review in 10 days time my fixed term period finishes in july so i am wondering what would be the best deal and option then ? should i go for another fixed term rate ? got a repayment endowment vehicle with royal london which seems to be on track to repay in full in 2017 ( yes dont ask how i first got…
-
Mortgage Transfer
Hi All, I am hoping to get some advice on the below: In brief, my mum earns minimum wage and is currently on a Self-Assessed Interest Only Mortgage. She has about £56,000 to pay back in a period of 12 years (FYI, she is 48 years old now). I have just started work after university and wish to help my mum. I can give her…
-
Is Having No Mortgage A Disadvantage?
I am working hard to pay off my mortgage but I wondered whether doing so could affect my credit rating in future? I have heard of some people keeping a very small balance on their mortgage to avoid such. Is there a disadvantage to having no mortgage or a valid reason for keeping one open with a small balance?
