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Porting Mortgage Advice
Hi, I am currently 1 year into my 2 year fixed term mortgage but I am interested in selling my property & porting my mortgage over to a new property (I have checked in my mortgage terms & I am able to do this). My query is as follows.... For my current property I put down a 10% deposit & therefore currently have a 90%LTV…
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UK mortgage for brit living abroad
Hi all I'm a UK citizen, paid through a UK company but have been living and working in Switzerland for past 12 years. I have some houses in UK that are currently unencumbered, and ability to put down 25% deposit. I am looking to buy another property to "add-value" and then sell/rent. I assume the type of mortgage may…
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Bad credit and looking for a mortgage... All help welcome!
I have 3 defaults on my credit reports from 2-3 years ago.. I got made redundant and couldn't keep up with payments and entered a debt plan... Anyways I got back into work and have savings and I am looking to get a mortgage and get myself on the property ladder...I dnt won't to keep applying to lenders that will not touch…
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Preparing for remortgage
Hello, Currently with NRAM on the loyalty rate looking if I have any options. The numbers Outstanding approx 78000 Value 100000 - 110000 17 years left paying 540 on the mortgage I have 24000 of credit card debt paying about 500 a month and loan paying 108. Salary is 33000 Is it worth moving the cards to a loan, will it be…
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Mortgage application defaults
Hi,I would appreciate some advice from a mortgage advisor or someone who has achieved a mortgage with defaults over 6 years old. My credit files show all present accounts are running well and my credit score is 851 (fair, although I'm not sure why it isn't good considering all accounts are satisfactory now) an old default…
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Rental income, does it count??
Hi, I have a roommate living in my property and pay me rent every month. However, there is no formal agency or contract involved in the tenancy. How could I use this as my rental income for mortgage purpose??? Thanks.
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Property advice needed
I am going to make an appointment with a solicitor for the week after next but would be grateful if anyone can give me some advice to put my mind at ease a little bit. I have lived in my property for 15 years & bought it from the council three years ago. At the time my husband was reluctant to buy so I got the mortgage…
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Consent to lease
Hi please can someone help me I'm at the end of my tether! At the moment I have a property on a consent to lease mortgage with Halifax, the house is valued at 56000 with them and we have just over 6000 remaining. Our problem is that we are looking to buy a second property, when we enquired about it they said that we can…
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'Remortgaging' to fund another deposit
I know this sounds like something we should talk to a mortgage broker about and eventually we will but I wanted to see if I could get a general view on here. I am looking to purchase a house for myself costing around £100k. My income should allow hopefully for borrowing three quarters of this. My Mother wishes to help me…
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Remortgage??
Hi All looking for some advice please. ive just come to the end of my fixed term period on my mortgage. My home is worth 175k I had a 145k mortgage over 30 years at 5.89% with HSBC paying £859 a month. I am now on their variable rate of 3.94% paying £707 a month owing £134.7k Im not in a position to overpay and continue to…
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Best 5 year fixed mortgage
Dear Money Users, After a bit of homework I recently found the best 5 year fixed mortgage available from my current lender Britannia. The fix being 3.35 % over 5 years for 75% LTV. Can't find a similiar or better deal elsewhere in the market. Now although there are some high fees associated with this product a quick and…
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First Time Buyers - Credit Cards
Hi All, This is my first posting on the forums so hello to you all... Basically, I just have a naive query about mortgages. My girlfriend and I are looking to buy our first property and we have credit cards between us. One of us owes more than the other but I just wondered how much of a difference this would make when…
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How much equity do I have?
Hi - I'm super confused!! My partner and I have just sold our share in our shared ownership property for £75K. We owe £41K on our current mortgage with Santander. We can port this mortgage to buy a new property. This is where i'm struggling - If we are porting do we pay Santander £41K from the money paid on our share…
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Any mortgage experts out there pls?
Hi, Wonder if anyone can offer any help/advice please. My sister has found a place to buy costing around £150,000 and she has approx. £50,000 savings (money from sale of old house) to put in, so needs £100K mortgage. She is taking advice from a broker on a mortgage and I've advised her to also try London & Country too as…
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New build mortgages
My daughters are interested in buying a new build appartment and went to the HSBC for a mortgage hopeing to put down a 10% deposit for an appartment costing £67000. They were told by the mortgage advisor that they would need at least 25% deposit because the property was a new building. Has anyone else come across this…
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Trainee Mortgage Advisor Assessment Day
Hi all, I recently applied for a trainee mortgage advisor role (I'm 2/3 through CeMAP. I've successfully got through the interview stage and have now been asked back for an assessment day next week. I'm just wondering whether anyone has any tips on what to expect and brush up on prior to this? Thanks in advance, Bill.
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Refused Mortgage Northern Rock
We have been trying purchase property now for 7 months. We were initially going to purchase the house that we rent which is for sale valued £210K, we were recommended broker through friend of dad and got an aip with santander. We then found property for £210k and provided all details to mortgage broker, we instructed…
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Mortgage payment holidays...
Hi there, I wonder if anyone can help me... I heard from a friend that you can take mortgage payment holidays on some of your mortgages and use the extra money to over pay off the more expensive mortgages that you may have, is this true, and could you pay off your mortgage quicker and save money? We are with the…
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Remortgage Costs
I have just applied for a remortgage with the Chelsea BS and they have listed a long list of fees I need to cover including the arrangement fee, these included Valuation £360 Legal £417.90 Land Registery £90 Transfer fee £23.50 L L £117 Redemption £90 Product fee £395 Is this normal?
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Owe More On Mortgage after 5 years
We took out a mortgage in 2006 for a total of 225000 over 25yrs. We gave a deposit of around 60,000 (can't remember the exact figure) from the sale of our previous house. (So the mortgage was around 165,000) The monthly payments are a stretch, so we recently started thinking about looking for a better deal. We asked for a…
