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Where to get very small "mortgage"
Hi all, I'm in the process of buying a new house but may need to get a very small "mortgage". By which I mean something like £30K on a house valued around £300K or so. I don't really want all the hassle and set-up fees associated with a mortgage in the conventional sense, so any ideas what I should do? I'm thinking that a…
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Offset Mortgage
I have read about these mortgages and "think" they may be suitable for us - however not having a Masters in finance - though I am proud of my 2 0 levels :) I was wondering if anyone could advise. We are mortgage free but want to buy another home ( rent our present one to tenants ) We would be using our 200 k savings to use…
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Business Startup - Remortgage help please
Hello, I am currently employed and recently took on a 3 year fixed rate mortgage which was evaluated based on my current earnings. I am about to leave my job in order to setup my own company but my earnings will drop massivley as a result. I am a concerned as I don't know what will happen in 3 years time when my fixed rate…
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Bad Credit - Large Deposit - Advice Needed!
Hello, I am looking for some advice regarding mortgages for bad credit. My partner and I both have 'poor' credit scores according to Experian, mine is particularly bad (431!). Recently, I changed jobs and moved from monthly pay to weekly pay and got myself in a bit of a tizz and although I was earning more than I was, I…
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Bridging Loan Alternative - Help Please!
I've bought a property at auction which does not have a working kitchen and is not therefore mortgageable. It is structurally sound and everything else is in place, and I have been advised that the only thing preventing me from taking a mortgage out on the property is the lack of a kitchen. Once one is in place, even a…
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Remortgaging and overpayments
Hello everyone, Was looking for some words of wisdom with the following scenario: I currently have a property worth 170k, and a remaining mortgage balance of 127k, so about 75% LTV. My current fixed deal with the Halifax expires in November, at which point I go to the SVR of 3.99%. I was on a fixed deal of 6.99%, 35 year…
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Help and advice needed for remortgaging
Hi, I am looking for some help, guidance and hopefully a glimmer of hope! We have just come to the end of a 5yr fixed term self cert mortgage and approached Reeds Raines we went through all the paperwork and were turned down by Nationwide (I think it was) how do we go about getting another mortgage, we owe on the mortgage…
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Shared Equity Mortgage
Hi Guys, I am currently on the governments HomeBuy Direct 70/30 shared equity scheme. My product is due up and I went to Halifax to fix my rate. When I took the product out, I was given an LTV rate of 60%-75% as they are only mortgaging 70%. Now however I am being offered a 85%-120% rate because I am mortgaging 96% of the…
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Letting with/without permission
Does anyone have experience of permission to let a mortgaged property from the Halifax? Are they accommodating/helpful? What about if there has been arrears within the last 12 months on the account?
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BTL low mortgage
Hi, Could anyone help by telling me if the following is possible and any lenders that I should look at. Looking for a BTL mortgage for a property I am looking to purchase for 31.5k. I would like a mortgage for 23.5k to keep me below the 75% LTV rate. Rental income would be around £325 per month. I have a mortgage on my own…
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Halifax mortgage plan denial
Hi Not sure about this one have tried Halifax but they deny it is linked to PPI, they called it a Home protection plan? I took out a mortgage with Halifax in the 90s not a word about protection as I already had a plan to protect against redundancy and illness. a few years ago I wanted to know how the plan was doing, I…
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Property Repossession Adjourned....Confused! Need Urgent Help!
Hello Thanks in advance for any help and apologies if this may sound like a dumb question. I have recently got into trouble with my mortgage repayments due to the death of my partners step father, we had to pay for a funeral so all bills went out the window to pay for this as we were the only option, silly me i did not…
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Which application first? Mortgage or personal loan?
Looking to raise about £30k for some renovation work. Can get about £20k as further mortgage advance based on current ltv, then looking for the balance on a personal loan at a good rate. Affordability and credit file good. Which should I apply for first so as not to jeapordise the other?
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IVA completed which bank/building society will accept me?
I'm looking for a bank that will accept me for a mortgage. I have completed IVA, no longer on my credit file. All data clear. They all ask about previously being in a IVA. I'm having problems finding one that does not ask this question. Is there any bank/building society that will consider me? Is there any bank or building…
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Advice needed on old Aliance and Leicester Endowment Mortgage
Hi I have been reviewing my mortgage and came across my old paperwork from when I bought the house I still live in in 1989. When I went to view the house, a man who said he was from a solicitors offered to arrange a mortgage for me. He arranged a mortage through Alliance and Leicester and I moved in in 1989. It seemed very…
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First direct rejected us.
Evening.. been rejected an offset (re)Mortgage by FD as other half is currently on maternity allowance (self employed with no return to work date as yet - planned circa August/September). LTV of the mortgage is approx 51% however there are further savings which when took into account took the LTV down to 30%. In fact it…
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FTB New home mortgage - advice please?!
I apologise now if this is a dumb, stupid or in any way idiotic question to ask. But I'm a bit confused about something in an advert i've seen for a new home and would be very grateful for some clarification: An advert for a new home goes like this: "this is a stunning 3 bedroom property and with price starting at 147,995…
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Old occupant applying for mortgage at our address
We bought a house 9 weeks ago and the old occupants haven't bothered changing their address on anything or redirecting so we keep getting their mail - whats looks like pay slips, tax stuff, banking etc. They didn't leave a new address or phone number either. We have been sending everything back return to sender but one…
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NRAM Together Mortgage - overpaying unsecured loan element
Hi - my husband and I bought our house in 2006 with a Northern Rock Together Mortgage. We now have £27k outstanding on the unsecured loan and £129k outstanding on the secured loan. Unfortunately our house is now valued at approximately £130k, therefore remortgaging is not an option. We aren't getting much of a return on…
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Being a Guarantor for Your Parents Mortgage
Good Evening, Unfortunately times are quite hard for us at the moment and our interest only mortgage comes to an end next year and our endowments do not cover the repayment. Remortgaging is proving difficult as we only have one salary for the time being as one of us is self employed and the business is not going well at…
