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Re-Mortgaging help!
Hi i was hoping for some advice about re-mortgaging my house. My house is prob worth about £140,000 and i have a mortgage for £103,500. I would like to fix my mortgage for as long as possible really as i am off to Australia soon and my mum is going to live in my house. I dont want a buy to let mortgage and i want to keep…
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First time buyers advice
Hi, Hoping for some insight/help on this subject. My boyfriend and I are both 23 and renting. We'd like to buy as soon as possible. Fortunately both of us have sets of parents who are willing to help us out- his parents have said they are willing to invest (not donate) £150,000 towards a deposit. They would want their…
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Help! Can I remortgage for building works?!
Hi everyone, I was hoping to get some advice from anyone who's 'bought the t-shirt' on this one... I own a 1 bed flat and want to extend it into a 2 bed flat. I have an 85% mortgage but no money to do the building works. The problem is this... After doing the work, the increase in value would easily pay for the building…
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Remortgaging
Hello everyone, I'm looking at remortgaging my house to treat myself to a car. I already know this is NOT MSE philosophy, and have debated about not buying it and chipping away at the mortgage. I have approx £65k equity in the house, after devoting near 3 years putting life on hold to rennovate-blood,sweat and tears...not…
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How does it work switching to buy to let
Evening everyone. I'm new here and to using forums. I just want to ask questions regarding my mortgage, I have a residential mortgage with santander which I've had a few years now and I'm not locked in to any product, my question is how do I go about switching it to a buy to let mortgage as I do not want to live there…
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trying to sort this hellllp
doesnt matter now ta
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Down Size
Hi all, hoping someone can advise, you see i have a solution to mycurrent finiancial issue but it just seems its trapped with my property equity. My problem i am currently on a DMP with 2 CCJs, i have been on this for the last 5 years without missing a payment, i have 60k equity in my property. I want to sell my current 3…
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Should I cash in my Standard Life Homeplan?
First time poster! Hi I currently have a HOMEPLAN savings plan with Standard Life. *Started plan 2000- due to mature 2023 (originally taken out to cover £6000 on a previous mortgage) *Initial target value was £6000 *Current premiums £20.12 per month (inc £6.10 for life cover and critical illness) *Total value Jan 2013 =…
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House in negative and she choosing bankruptcy?
Hi, I am desperate for some help. I still own a house and a joint loan with an ex partner from years ago. The mortgage company wont allow either of us to take the mortgage on ourselves to split our finances. It has taken me years to even get her to agree to put the house on the market. Its a long shot as we are in negative…
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endowment morgages
Hi i would like to no if i can do anything about a morgage i took out in 1999 i specificaly stated i didnt want a endownment morgage we got our morgage with abbey nationalvafter having this morgage for five years we decided to remorgage with another bank when we recived the paper work i noticed it was a endownment morgage…
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Can i contact the vendor?
Hi everyone We are buying our first house and so far we have had on offer accepted, mortgage offer is in place and the solicitors have started the legal work. Just waiting for the search results now. We had the survey done a few weeks ago, and while it didnt show up anything we didnt already suspect, it does say a few…
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1 year mortgage?????
Hi, Has anyone out there seen any offers for 1 year mortgages at the moment? I have a 20% deposit all ready to go, but can't find a mortgage that will work time wise. I need to be able to move away from the area in 12 months so can't tie myself in to 2 years. Thank you!
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Confused
I have a £86,000 interest only mortgage. I moved this to a tracker deal back in Feb 2008 on a 5 year deal. Thus my interest rate is currently 1% (Base plus 1/2% deal). One of my endowments paid out and I went into the building society branch to pay £43,000 off the sum owed. The girl at the counter took my account number…
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Advice on a Mortgage Broker
Hi, We have seen a mortgage broker and have an Agreement in Principle in place. We have got a rate of 3.99 but have found online a rate on 3.79 with Britania. I understand that they don't offer commission and have been told that we would have to go direct to them to use them. Below is a list of our Brokers T&Cs 1. The…
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stamp duty
Quick question, if a.house cost 275k and i have a.deposit of 30k, , do i pay stamp duty based on 275k or 245k , please can anyone confirm... Thanks
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Best mortgage deal
Hello, Due to fall off my fixed rate at the end of march so have been looking around. The fixed rate at the mo is 5.29. Balance 110k. Svr is 4.99. I have rang current provider and they can offer me a 4.29 fix for 2 years. House was new three years ago - listed at 175k I got it for 146.5 however a neighbour has sold at 130k…
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Frustrated with property ladder...
Hi everybody, I'm getting increasingly frustrated with not being on the property ladder and am under significant pressure to get on it. My situation and confusion is as follows: 1) I'm 24 and on a decent wage £41k and secure, with a foot on a good career ladder. Borrowing calculators say on this alone I could borrow a…
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How long do Underwriters take??
On 16th Jan'13, The underwriters requested for my employer's reference letter and asking for details information about an extra income on my payslip (I am with employee share scheme and I sold some shares and that was stating as 'Beans stock' on my payslip). The explanation of Beans stock and Employers Reference letter has…
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Home improvement loan options
Ok, we want/need to do a loft extension that is going to cost £20,000. Our mortgage is £51,000 over 20 years and house is worth £115,000. We obviously want to borrow the money at lowest rate possible. Some issues are that: - mortgage is still in partners name as it was his house originally. He is on low income due to…
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Opinions sought- first time buyer and clueless
Hi and thank you for reading this! Researching morgages (never have been a great risk taker) but like everyone else Im looking for the best deal in an area I know nothing and I mean nothing about! Fixed VS trackable. Found Britianna FTB trackable 3.79% currenlty and 0.095% less than Britiannas SVR. (Discounted tracker for…
