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Want to move house - am trying to understand mortgages, equity etc!
Hi, We have been in our home for 5 years and as our family grows we are getting desperate to move. Our current property is worth roughly £170 and we are very lucky as my husbands parents want to buy from us as they are downsizing (however they need to sell theirs first!). Assuming we are able to sell to my in laws, we will…
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Santander - wont let me stop overpaying on my mortgage!
I took out a mortgage with Santander in 2006. In 2010, faced with a 2 1/2 hour round trip commute I decided to move closer to work. Given the property market at the time there was little point in selling so purchased letting consent from Santander and I rented out the flat. I have altered the term on my mortgage numerous…
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Residential mortgage with buy to let properties
A quick query. Will be applying for a mortgage which will be for me to live in. Have 3 buy to let mortgages with the rent covering the mortgages. I know other factors will be taken into account but with regards to the buy to let's what will the mortgage provider want to see? Copies of the tenant contracts, bank statements…
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Post Office mortgages and Brokers
Are there any Brokers that offer Post Office mortgages? I find their fixed rate mortgages have good rates (2.99% for 5 year fix at 75% LTV), but have high fees of approx £1500, so I wonder if there are any Brokers that can provide a rebate!
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Buy to let remortgage. Own only 1 property
Hi there, I have had a look around the forum and couldn't find an answer so hopefully someone may have an answer. A couple of years ago I gained consent to lease my flat out as I was moving to London with work. Luckily I had enough equity for this to be viable and had enough funds to pay extra into my mortgage. My lender…
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Right To Buy Mortgages
Hi, I am new and its my first post :wave: I have looked around the web and cannot find much in the way of specific information so I thought I would post here. Seen the discounts and I am currently looking at the possibilities of buying our home from the council. Could someone tell me what advantages there are with a Right…
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Re Mortgage agreed in principle, but income figure used is incorrect.
Hi All My folks have just remortgaged their £210k mortgage free home, to borrow £60k on an interest free mortgage for two years only. My mother works part time £11000pa, and my father is retired and earns a pension. The broker arranged for a mortgage which was agreed in principle based on what my mother told him what she…
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Lifetime tracker offsets
Hi all, Looking for advice on a mortgage. I'm buying a house, and I'm looking for a lifetime tracker offset mortgage. (having done my sums, I'm pretty sure an offset mortgage is worth it for me.) I'm at 75% LTV (and I could manage 70% LTV at a pinch if I throw all my savings into the pot). Currently I'm looking at:…
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new mortgage query
Hi can anyone help, i sold my last house and have been staying with family. I have £90000 deposit, am self employed - income average over 4years is £21000. My wife works on bank staff but has been working full time for one company for 18months Average wage £22k per year - has pay slips, but not contracted. She worked for…
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No results on Moneysupermarket!?!?
Myself and Husband are first time buyers and have found a house we would like. I have filled in the online comparison form on Moneysupermarket.com but it says no results based on my criteria. I am employed earning 16.5k Husband is self-employed and net profit going back 3 years is 26k, 23k, 22k. He has over 5 years of…
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BTL mortgage v Cash Question
In buying a property for BTL I have two choices 1. buy for cash and mortgage later 2. mortgage now I would rather get a mortgage now than wait. I have had an AIP and although my credit score is excellent, for BTL purposes I am struggling within minimum salary requirements in that I am showing a salary of under £20Kpa. I am…
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Additional lending to help buy a second property?
Hi all, A bungalow a few doors up from my house has come up for sale and my mum & stepfather who currently live approx 30 mins away from me are interested in buying it to move nearer to us. They are now retired and as they get older, I am keen that they are nearer to us, so that we can look after them more easily.…
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First Time Buyer
Hi Guys, Currently have a 10% (£15,500) deposit for a property of £155,000. One of us has a payment plan / arrangement to pay on credit history (within last 2 years - now settled) although no payments missed, other credit history is fine. Deposit has been saved over last 18 months (Both have income of 24-26k). One of us is…
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Letter from NRAM
Hi have recieved a letter from my mortgage company NRAM today I will type as what it says in the letter. We have recently reviewed the communications that have been sent to customers holding unsecured loans up to £25000 that are regulated under the consumer credit act. Our review has highlighted that some of these…
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Remortgage-(Ex-moved out) Single Application
Hi, Thank you in advance. Can't get my "head" round this. But think it can be done?? Ex moved out a while ago. House worth approx £130.000. Mortgage in JOINT names. I'm still paying. (Outstanding balance £100,000). QUESTION) Can I buy the house I.e via a remortgage (existing or new company) in MY name only using the…
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Re-mortgaging for the first time!
I am hoping that you lovely peeps might be able to help me understand better my situation so we'll make the best decision. I apologise if this situation had been answered before but I could not find it whilst searching. So...Bought our house almost 3 years ago and our fixed rate will end in March next year. Our fixed rate…
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Charging orders on shared ownership houses
Dear all I'm not sure if this is the right place, but can a credit card co put a charging order on a shared ownership property 70/30 if both parties are not at the hearing on the court day? Many thanks in advance, please move to the right place if necessary
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Remortgage LTV rates
Hi, We paid £192k (£28k below asking price) 18 months ago and put down a 20% deposit, so LTV of 80%. We are now looking at Remortgaging To a new lender With an LTV Of 70%, Will the new lender value the property at £215,000??? (Neighbours have paid £230,000 for the same house) Thanks in advance
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old endowment mortgage
can I claim for a miss sold endowment that I changed back in the late 90s. I was sold the policy in 1994, and it seems that endowments were already on the decline then. seems to me I paid five years of interest to the bank for nothing as I had to start from scratch again and to begin to pay off the full value. I think the…
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Mortgage Deposit Savings
Hello :) I'm after a little advice on savings for a deposit on a house. All my savings are currently in Nationwide. I have £24k in an older issue ISA at 3.10% which lasts till Oct 2013 I believe (which is great considering current interest rates) But I do have £10k in a e-savings plus, currently at 2.00% gross. I basically…
