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Re mortgage on a debt free property or go for a loan
I own a second property with no mortgage on it that a relative lives in and need to raise about 20 k to clear some debt. is it best to raise a mortgage on the property or go for a loan.
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Re mortgage on a debt free property or go for a loan
I have a second property with no mortgage thata relative lives in. I need to raise 20k to clear some debt so is it best to get a mortgage on this second proeprty or a loan ?
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santander mortgage partner swap / self employed
Our daughter and boyfriend have just split up after 6 months of owning there first house, he has agreed to having his name come off the mortgage and to be replaced (we will pay him back his initial deposit) At the last meeting with the bank my wife was looking into having her name on the mortgage but due to her age the…
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Fixed-term contract and mortgage?
I am not hugely versed on mortgages yet, but I presume a bank/building society these days will not be interested in providing a mortgage for a couple, one who has a full time permanent job and the other has a full time but fixed term job (18 months)? I guess that both of us will need permanent jobs before we will be…
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switching mortgage
Hello all, my term with Nationwide is coming to an end I had a fixed mortgage for 5 years at 5.5 %. I was thinking about going through a financial advisor to find me the best deal, I have had 3 children since I took out this one so I really need to be paying less. Are there still any good 2.9 variables out there?
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equifax wont update my information for our mortgage!!
PLEASE HELP! After selling our house in feb this year, we were agreed a 95% mortgage in principle with Leeds. When a month later we needed to increase the amount slightly they ran another credit check and told us we were denied. To our shock and theirs our credit rating had gone down within that month. After a month of…
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Mortgage criteria queries
Hi, I've been following this forum regularly since discovering it a few weeks back after putting my property on the market. One thing that its made me look at was my credit reports (something I had never done previously). I am lucky enough to have my property under offer in just a few weeks. I am now looking at offering on…
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Value of home for re-mortgage purposes
A little background information - we bought our flat at the height of the housing market in 2008 and took out a 25 year, 5 year fixed mortgage. The fix rate ends in six months so my husband and I are looking at our options. Our original plan when we bought was to sell after five years, but for various reasons I think we…
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£25k off the mortgage or Buy to Let?
I owe about £96k on a £100k 35 year mortgage (33 years to go at 3.8%), fortunately now I can overpay my mortgage and not have to pay a penalty. What is most likely to return the greater yield, a £25k overpayment now saving me £44k in interest alone, or a buy to let property? I’ve always wanted a second house as a very long…
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Are lenders likely to give mortgage when I have debt I will to pay with sale profit?
Hello all Six months after my nightmare with HSBC (thank you again Dave Ham) I'm comfortably ensconced in my new London flat (first time purchase). We've done a huge amount of work, just had it valued and we've added 120k to the value so we want to put it back on the market. We got the bargin of the century because it was…
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FTB advice on new job
Hi, looking for a bit of advice - going to ring up an estate agent and bank tomorrow to see what they say next week as well. Looking to buy my first house with 25% deposit. Will have finished paying of my student loan by Christmas so no noteable outgoings. My only concern is that I left my job in July, moved to a new place…
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Halifax anticipated credit score a, b and c ????
What's the criteria to get an A/B/C etc?
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Unusual situation
All figures are rounded for simplicity. The background: My partner owns a house and a shop. I earn £25k gross. She earns less than £10k net from the business. It is, however, growing rapidly and this income is set to be much higher. Outgoings for the shop are minimal, no rates, and very low bills. The shop is owned…
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Re-mortgage advice
Hi All, I recently contacted a mortgage lender to re-mortgage my house which has been fully paid off and has no mortgage on it. I would now like to to purchase another house with the re-mortgage money, but the lender had stated if the property is rented to students this income cannot be taken into consideration, but if the…
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Can I really afford it?
I earn around £3000pcm net. I'm looking at properties in the £200-250k region. The problem I have is working out living costs. I'm at home with my parents so my expenditure on the house is minimal (I pay for weekly shop). How do you work out how much you can afford to pay? Things like council tax, water rates, electricity,…
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view wanted on 2 mortgage options please.
Okay, I hate making decisions, but think I have made my mind up, but would like other peoples views on my re-mortgage options please. Just really to see what other people thoughts are. 2 options are as such..... Option 1: 4.49% fixed for 4 years, Option 2: 3.99% fixed for 2 years. Both are fee free to arrange. Option 1…
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Fixed rate mortgage.
Could someone kindly help me. We have a fixed rate mortgage until end of September 2015. We are tied in with a rate of 4.89%. The amount outstanding is about £54,000 outstanding and if nothing changes the mortgages would be paid off in February 2027. What I am trying to work is how much would have left to pay when the…
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Mortgage advise for a current NRAM customer but with bad credit rating
Morning all I have a predicament that I could so with some advise on Here's the deal 1. Mortgage with NRAM - poop rate 2. Currently interest only (paying around £500pm) 3. Value of mortgage 120ish 4. Would like to move 5. Earning around 40k a year 6. Have bad credit rating currently in a debt management plan. 7. Just had a…
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Mortgage offer in principle.... But I'm concerned...
Got an AIP from Halifax. Did this through broker, however this is in my name alone. I talked to Halifax direct about a week ago about getting mortgage promise and we were refused as tried in hubby's name also & he has adverse credit so mortgage in my name only. However I am now concerned, once the application goes in will…
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Any way to keep this deal?
Hello, currently on a 3.19 base rate rate tracker with HSBC. Presently at 70% LTV. (Was swapping to better rates using HSBC's online tool as LTV got smaller, but they have put their rates up, so this is still lowest I'm elibile for). When we have enough equity in this current house to put a 20% deposit down on out next…
