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Purchasing a second property....
Hello all, first time poster here looking for some advise. I have the chance to purchase a second property which I would rent out in the winter and possibly holiday accomdation in the summer. Now for some figures, the second property is valued at £95,000. Our current mortgage is £369 a month but we are overpaying an extra…
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New mortgage deal or remortgage?
Hi I wonder if someone an help me. I'm with my current mortgage provider and I asked about remortgaging (because i thought this was what i should have asked for). Anyway i was talking to a friend and she said I should ask for a new mortgage deal. Is this correct or are they the same thing? Basically I'm on a variable and…
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Mortgage company claiming I underpaid
I found my self in the lucky position of being able to pay off my mortgage last October 2011. I contacted C&G who gave me a redemption figure and I duly paid off this amount. I had received no statements from C&G since I moved into a new house in 2010 - they claimed they had sent out the statement to the Plot number rather…
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Mortgage with a default?
Hello there Me and my partner are looking to buy a place together, we have a joint income of 64k a year. We are looking for a mortgage of 200,000 with a 40,000 deposit(20%) my partner has a good credit rating but the problem is I have a £11,000 default on my account from 4 years ago, I signed up for a I.T course not…
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Mortgage with Bad Credit History
Hi all, I would welcome a bit of advice please... My partner and I are looking to move house very soon and will need to get a new mortgage. I am 27 years old, my credit history is fine (no missed payments, defaults, etc) and I earn £28k. My partner's history is not so good. She has 2 accounts that were defaulted in Jan…
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100% Morgage
Hi, Does anyone know if these are still available at all I have been looking around a may have found a few but wondering if anyone was aware of any sneaky ones! Or if there are any companies that offer equity loans (not on the house but as a deposit) as I know that there are companies that do but don't know their names...…
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Buy to let or residential Buy to let?
We would like to buy a property in order for our daughter and partner to live in and pay rent to us. We have a small amount of mortgage left on our own property and would like advice on how best to fund the house intended for our daughter. We are able to fund the deposit on the property but unsure as to which mortgage to…
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First Direct AIP - Strong change of mortgage or not?
*stronge chance, not change! Got an AIP from them last week. Paid the £999 fee to hold the intrest rate. I'm just a bit worried if the mortgage will go through or be declined once they see the bank statements, as i have been dipping into overdraft (£2-300 of a £2000 od). This is only due to the wife being off on maternity…
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Re-mortgage to provide funds to buy another house?
I've overpaid my mortgage so am mortgage free at the moment. House is worth about £100,000. There's about 6 years left to run on the 25 year mortgage, and Nationwide have kept the deeds so I have a 'live' account with them, but am not making any payments (maybe £1/yr for holding the deeds) I want to get about £50,000 to…
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Removed from Deeds but remain in property ?
Hi, a friend of mine lives with her mum, they are both currently on the mortgage. She wants to remortgage and remove mum (transfer of equity) so that she can extend the term (resticted due to mums age). Mum will still live there. There will be no money changing hands just simply removing her from mortgage/deeds. can you…
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completed yippee !! cancelling old mortgage dd ?
Yey ! so we completed yesterday, although late in the day ! only getting keys after 3pm after removal men having packed up the van at 12 and just sat twiddling thumbs (getting paid hourly :( ! but never mind at least were in. :j My final question is, my sol would have cleared my old mortgage with nram obviously yesterday,…
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Can I remortgage by porting an interest rate?
Hi everyone, after a bit of advice. Current mortgage details:* Main residence – HSBC tracker, unlimited overpayments and no early redemption fees. Tracks 2.69% above BoE rate. * Rental property – Nationwide residential mortgage with consent to let. Early redemption period ends Dec 2012. Tracks 0.34% above BoE rate but with…
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LTV query
Hi there, Just have a small query...perhaps obvious but just want to clarify. Does the LTV take into account the actual value or the price you pay? We're looking at a property with a value of 200k on the Home Report but think that we could buy it for about 177k adn have a 30k deposit leaving a total of 147 which we'd…
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Can I apply for two mortgages???
Hi all, the reason why I ask this is because I have just reserved a new build property (which will not be completed till Dec/Jan 13) and am not guaranteed that I will sell my current house. If I don't I willl look at a BTL mortgage. As per the reservation criteria I have to complete within 28 days and then pay the 10%…
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Joint Mortgage Application query
I seriously need help getting a mortgage ASAP. We've had an offer of 104k on a house approved. I have got enough for a 15% deposit an I have an income of 46k per year. I already have a mortgage of 106k outstanding and am paying £650 p/m since July 2006 and I've never missed a mortgage payment. This mortgage is on me and my…
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Britannia Offset with no savings?
Hi, I am remortgaging for first time with Britannia from Halifax, £138000 mortgage and house valued at £235000 have gone through the whole process and just signing the final agreement docs. Trouble is I'm torn between going for their offset lifetime tracker (2.69 above base) and 10 year fix at 4.79 which I originally…
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HSBC not using Countrywide Conveyancing for our mortgage
Hi After reading all the nightmare threads about Countrywide, we opted to use a local solicitor. We instructed them just as our mortgage was doing the rounds with the underwriters. Long story short, just found out that O'Neill Patient are acting for HSBC. Does this mean we might not face the delays associated with…
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Changing banks too often hindering mortgage application?
Hi All, Me and my partner are first time buyers with £29,000 deposit and looking at properties for £170,000 (83% LTV). We were going to go direct to Nationwide for a mortgage (5yr fixed at 4.99%, £299 fee and £1000 cashback). To qualify for their cashback if you didn't have a current account with them, you could apply for…
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I need a GOOD broker... fast!
Hello folks, I'd be grateful for any help/pointers you can give me. My situation is thus - I earn 24K basic (+ bonuses and other unproven income totalling about 10K) and I have a deposit of 22K (could stretch to 25K at a push). I already own (outright) a property worth approx. 190K which I do NOT want to…
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Nationwide First time buyer Mortgage + Tronc related pay
My self and my partner have been approved in principle for a mortgage and almost offered yesterday, when it was stop by someone who does not agree that Tronc should be used as a salary, even though the company my partner works for gets a basic rate of pay + Tronc which is performance related pay dependent on the position…
