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Mortgage confusion!
I am currently mortgage free on my house that I own worth about £150k. I am looking at an investment buy-to-let second property for £115k and plan to rent it out for about 500pcm. (Either private or to my son). I was wondering if I could re-mortgage my current home and buy the second property outright or would I still…
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End of fixed term, what to do now?
Hi, Our fixed term mortgage is due to end on 31st October. We are currently paying interest only at 5.98%. Ouch!:eek: We bought our house at the peak time and locked ourselves in with this mortgage, I calculate we have given the bank around fifty grand and not even touched the capital payments. When this mortgage ends,…
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Quick Question - Mortgage Deed
After having a devil of a time getting a mortgage through Nationwide, we have now received the Mortgage Deed to sign. We have two of these for signing. Unfortunately one of them has the incorrect postcode written on the form! Is it acceptable for me to change the postcode prior to signing? I don't really need any more hold…
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Nationwide Mortgage BMR
Hi everyone, With all the new mortgage deals coming out today, mortgages are now only 2.99 percent with a £1000 fee (nationwide mortgage). I am on the Nationwide BMR which is 2.5. Is it worth remortgaging? I'd really like to know what people think.
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Urgent help reqd
I have discovered that my father has a 96K mortgage outstanding on his house and no life-cover. It was sold to him in (i think) 2002 over a 25 yr period when he was 72 and on several occasions more money has been added on bringing it up to the 96k figure. The paperwork says that the debt is recoverable by the sale of the…
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Other forms of income for mortgage?
Hi I'm looking for some advice please . I have recently divorced and currently managing to pay a mortgage of £940 on the FMH. I would like to sell this - move on and hopefully try and buy a little place on my own. I am currently looking for work, and recieve a considerable amount of maintenance through a Court Order and…
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HSBC @ 90% LTV - Am I sniffing glue?
Hi all, Currently in the process of finding a bigger property to live in. We want to find a way to preserve our current excellent tracker rate with HSBC (BoE + 0.79%). The documentation says it is fully portable. I am reluctant to even try though given how picky I've heard HSBC are. Situation: We would be keeping our flat…
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Extend term or stick to interest only?
I wonder if anyone has some advice for some thoughts I have regarding my interest only mortgage. I switched to interest only 5 years back when I split from my Ex. I have been meaning to go back to repayment but the payments are just to high. I'm 34 years old and there's 22 years left on my mortgage. It's fixed until april…
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Want to buy a house but past credit bad
Hi I am hoping someone can help me. I sold my house after my husband died and am now renting. The house still had money owing so have cleared that and also cleared all my debts but my credit file is still showing as bad. I was hoping to buy a little house and have a good deposit but have applied and been turned down twice…
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Likelihood of Mortgage Acceptance
I'm in the process of selling my house for something bigger, and will have a 15% deposit. I have had a quick look at my credit report and I noticed that there are a couple of marks for late payments about 5yrs ago - the question will this have an adverse affect on any mortgage application? Since then there have been no…
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compare these 2 rates - which is the better deal
I am looking at the YBS at a tracker 2yr Tracker 3.74% 30/09/14 4.99% 4.9% APR 85% £995 (fees) - monthly costs £1,149 2yr Tracker 3.99% 30/09/14 4.99% 4.9% APR 85% £495 (fees) £1,178# with the first one there is a fee of £995 plus a valuation fee of £350 the second one has a fee of £495 but free valuation and free legal…
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proof of deposit
Would appreciate your feedback on this dilemma. We have a 15% (£50K) deposit for our impending house purchase. I have bank statements to show we have the full deposit value in ISAs. My partner has just over £5k worth of Euros, which was given to him by his folks last year, sitting in his RoI bank account. Can we use the…
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To remortgage or not to remortgage...
Hello I was after some advice, please, not financial advice I should add, but practical 'what would you do' sort of advice and hope that this is the right place to post. I am 45 and have no pension to speak of. My plan has always been to pay off my mortgage as quick as I can and then save save save for my retirement. I…
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Mortgage offer / hand in notice at work dilemma!
Morning all, We are in the process of buying our first house as FTB's and we have had our mortgage offer through earlier this week. Likely completion will be near end of Sept on the basis of a preferred date from the seller. My dilemma is that I have been offered another job at a competitor which I have verbally accepted,…
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expat mortgage advice needed
Hi, does anyone know of any lenders who offer expat mortgages? My husband and I have been living away from the UK since 1999 but we want to move back in the next couple of years. Ideally we want to buy a property soon and rent it out until we return. Any advice apreciated!
