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Adding to our mortgage?
Hi! My partner and I took out a joint mortgage out in April for £49000. Our repayments are £241 (5yr fix) which we are finding easily affordable. The problem is we need £5000 to finish our home improvements, could we ask our lender to add the £5000 to our mortage or would it be better to apply for a personal loan? Thanks…
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Moving to a BTL Mortgage
Hi, We desperately need to move to a bigger house and have come to the conclusion that the best way for us to do it is to rent ours out and rent another. We are trying to get the best deal on a BTL mortgage. Our current mortgage provider (C&G) have agreed to change our mortgage to a BTL but the interest rate is quite high…
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Has anyone beat 2.5% when re-mortgaging ?
As the title says we have come out of our fixed rate and dropped to 2.5 % (Nationwide) tracker and I cant see a better deal out there so just wondered if anyone knew of any ?
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Mortgage application advise
I have taken a new job and I have found a suitable property and offer accepted.For my probationary period first three months I had to pay all my taxes and national insurance ie self employed howether I used an umbrella company so I have the payslips, Now that I am a permanent employee I will be PAYE from this month…
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First Time Buyer-- Short Mortgage Possible?
We're looking to purchase our first flat and would welcome some advice on mortgages. The short version is that, if possible, we'd like to figure out which type of mortgage will allow us to repay very quickly-- ideally pay off the whole thing within 10 years. Is that even possible? The specifics-- we have about £85,000…
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Cashing In An Endowment Early
Is there a website that will do a rough calculation on what my endowment will be worth if I cash it in or sell it now? I know what the current balance is, and I know I won't get the full amount just want to find out what sort of hit I will take if I get rid now. Thank you
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Short term mortgages / early repayment options?
Just after some advice/pointers as it's a while since we organised mortgages... To move to the house we really like would see us needing to borrow between 125K and 175K on a short term mortgage, because we have equity tied up in another property (owned outright) that we can't release quickly enough for the new purchase…
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Second mortgage
Hello, I am looking to put a second mortgage on my house . Looking at the main banks web sites I couldn't find any such products. Any suggestions? Are there any good deals on the market? Thanks. Nick
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Purchasing freehold - how does mortgage company view this?
Hi all, I'm hoping someone can help :) I'm completing on the purchase of a leasehold flat next week with a remaining 88 years on the lease. A few weeks later I'll be entering into a collective enfranchisement ( purchasing the freehold for my flat) and extending the lease at the same time to 999 years. Now, at what point do…
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Mortgage via a business?
Does anyone know what the implications are of securing a residential mortgage via a business? We're coming off the back of a DMP, and sold our last house to pay off the debts. It'll be many many years before we have enough deposit or credit rating to get a house. However, I co-own a business and am wondering if we could…
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name change on my joint mortgage
hi, my wife left me over two years ago and has never paid a penny towards our joint mortgage since she left, i have a new partner in my life who is happy to move into my house and as agreed to go on my mortgage, but the problem is getting my wifes name from the mortgage. i have contacted my ex wife who has agreed to let…
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Names on Mortgage - is it worth cost?
Hi At present my husband is not named on mortgage, because he is self employed and didn't want the hassel of proving his income. But recently I've worried if anything happens to me it will cause him problems (although it would be paid off with life insurance) We are renewing in next month or so. To add him costs about 400…
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Mortgage amount and secured loans question.
Hello I've just been looking through my mortgage statements from NRAM and noticed that 130k is mortgage and the rest, 40k is secured loans, both of which add up to what the house is worth. My question is, am I actually in equitable value on the mortgage itself? I know I owe 100% to NRAM but for mortgage purposes only,…
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Mortgage problem with Ex Partner
I have a mortgage with Northern Rock. I split with my partner 3 yrs ago and tried to keep the house and have paid it since. As usual got told i don't meet their criteria to keep on my own even though i've paid for 3 yrs and kept it on unless i could win the lottery and pay a lump sum off. I've been told about a title of…
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Help needed with bad debt mortgage
I have bad credit rating from a failed business 3 years ago, i`am looking to buy my council house with my wife on the right to buy scheme, we have only been married a couple of weeks, my wife has good credit history, her income alone will be enough to get the mortgage, the rental agreement is in her name only but she has…
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have i been mis-sold my mortgage (loan)?
hello everyone.. i hope i will get some feedback to my problem. in 2006 Yorkshire Bank (YB) gave me a repayment mortgage for my property. then in 2010 i decided to rent my property (which consisted of a large 4 bedroom home attached to a small general store). i gave the bank £35,000 to reduce my existing borrowing and…
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Joint Morgage & Bad Debt
Apologies for the rather epic nature of this one, I'll sidle off to the corner if inappropriate... So, I'm currently living in an apartment that I own, but co-habiting with my girlfriend. We're keen to move into a new place with more room, and I'm totally happy to get a mortgage with her and go down the middle, etc. I have…
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Help needed - 90% Mortgage nowhere in sight...
This evening's plea for help comes from Streatham, London.. We've just found a nice 2-bed and can muster 10% deposit (25,000) However as I have a BTL back in my home town up north, most lenders think I'm a risky applicant and won't borrow! The rental income matches the mortgage - so I didn't sell when we relocated as…
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House Deeds with Northern Rock
Hello can someone help me, my father has his mortgage with Northern Rock before it went bust and has paid it all off. However he used the Safe and Sure scheme that NR offered which was if you took out their home insurance your deeds would be kept by them. Since the fall of Northern Rock I do not know where his deeds are…
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NRAM complaint, advice needed please!!
Dear All, I'm looking for some advice please. I have my mortgage with NRAM and in late february I called them up to pay my mortgage payment. Unfortunately when I called them up they stated that they couldn't accept an over the phone payment as there was a fault with their system. I called over the next few days and…
