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Can 2 individuals have a mortgage each on one property?
My husband and I are looking for our first property together and have a few questions. If we get a joint mortgage, we don't seem to be able to borrow enough to cover the mortgage we would require. However, if we could get two smaller mortgages, one each, we could cover it quite easily. We also have the property we are…
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Advice re trying to make mortgage affoardable
currently we have a mortgage which is on repayment I have the interest rate is 4.84% I owe 117k and have 19 yrs left paying £776 a month I also have a secured loan which is also on repayment the interest rate is 8.41% we are paying £500 per month and have 13 years left we owe 47.5k on that 1. we have tried re-mortaging to…
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To sell or to convert to buy-to-let?
Hi, Hope someone can help and that this isn't too much of a long explanation. I want to move house. I have some significant savings in long term fix deposits, which will come to an end soon, and was wondering if I can buy a new house where I will live and change the old house into a buy-to-let. My initial intention was to…
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offset RBS advice needed.
Hello to everyone , some advice needed please. I had an offset RBS account for the mortgage in 2008. I went bankrupt in 2008 june and was discharged the same year. I kept my home and as one of the debts was with a separate RBS joint bank account RBS closed all my bank accounts with them but were not allowed to take my…
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Interest throughout Mortgage
We only need around 30/40K to sell and then trade up. Borrowing 40K, over 15 years at 5.2% gives this result, Repayment: £325.49 Interest only: £173.33 So after year 1, Ive paid back £152 x 12 months = £1824 in repayment. £173 x 12 months = £2076 in interest Typically, does my monthly payment remain constant? ie, in year 4…
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Estimate house value in Otterburn, Northumberland
Sorry, posted in wrong place
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Capped morgage deals?
The MSE FTB mortgage guide says the following about "capped" mortgages. I've not found any further information about this in my searching so far, and I'm interested in this kind of deal. Can anybody here help point me to more information? I'm not yet at the stage of going to a broker, I'm still just "doing the knowledge"…
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1st Time Buyer Mortgage Application
Hi All, We have recently applied for our 1st mortgage on a new build with Nationwide. They cannot offer us the amount we needed, because my wife's employment is on a zero hour contract, although the last two P60's show she regularly earns the same money each month/ year! Our broker has suggested that the only way to borrow…
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Best time to complete - first payment wise
Just received our mortgage offer today with a hypothetical first payment amount if we completed on March 1st, its £650 more than the other payments. Is it true if we complete at the end of a month, the first payment should be nearer the normal amount?
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Bank switch, Re-Mortgage
Hi, Could anyone out there advise me about Time with your bank and re-mortgaging please. Basically I want to switch banks as I'm with barclays. However, next year I will need to re-mortgage and was wondering how much favor you are given on application for said mortgage if you've been with your bank a long time? Any help…
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Thinking to the future....
Hi All We're trying to get ourselves into a position so that we can move in the not too distant future. We currently have a mortgage with NRAM and an unsecured loan. We also have secured loan with another provider that is due to finish in Decmber 2017. The secured loan also has an 'incentive' in place that we will receive…
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Remortgage from Fixed rate
Hi all, Looking for a bit of help to validate my way of thinking with regards to moving away from one fixed rate mortgage to another. Currently with Abbey on a 10 yr fixed @ 4.99 per year, monthly charge of 800. Amount owed is 126k over 21 1/2 more years. Early exit fee is 7603. I can move to FD mortgage which is fixed @…
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cemap study material?
As some of you may remember I am studying for the cemap. I've been cracking on with module one of late. I just realised my study materials have indeed 'expired' as I bought them off ebay. they go from 2011- 2012. Would it be still worth it revising from these and when i book the exam I can always look at the newer…
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A way onto the ladder?
Hoping someone on here can help! Not sure if any of this is possible so would value opinions from those who know so much more than us. We have approx £10k left on our mortgage and the house is worth approx £225k. My husband is 56. Could we remortgage so that we could buy another house so that a family member can live in…
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My Mortgage Plans QUESTIONS ?
Hi! I have been planning to build on my mortgage plans. I need to find out which of the following ways would be better for me and my family. My current mortgage was one of the last 100% borrow deals before the crash. I borrowed 100k and have been repaying my deal at 6.09%, I am now fixed for 3 1/2 years before I can plan…
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Student loan confusion, Nationwide change form required - any cause for concern?
Good evening to you all, I'm a first-time poster seeking a little advice. My girlfriend and I are in the process of buying our first home and today, we received an email from our solicitor advising that the seller can complete on 1st March. In the email, he highlighted a clause of our mortgage that neither we nor he had…
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Bank's Panel of Solicitors
Hi guys - reposting over here from the housebuying board after a suggestion from a friendly forumite :-) Hi guys I have read through similar threads, which lead me to want to ask for your collective advice / opinion / soothing words. Not expecting you guys to solve all my issues for me ;) but would love to hear if you have…
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First Direct Offset - 5 Year Fix Coming To An End
5 years ago a lot of people on this forum took out the five year fix for 4.99/5.29%. I was just wondering what you are deciding to do now that the fix is coming to an end? I can't remember the last time FD offered a 5 yr fix. In fact they presently offer very little in terms of fixes. I think the 2/3 yr rates may even have…
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Buying out my partner in a joint mortgage
I have a joint mortgage with my partner, we have now split and I want to take on the mortgage. Some rough figures House value £157K Mortgage left £75K Paid off £82K So I need 41K to buy my ex out. The bank have agreed my figures add up and will lend me £116K (75K + 41K) My question though, at what point and how do I get…
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First time buyer saving for a mortgage, advice needed!
Hi everyone My husband was lucky enough to receive a PPI repayment which means next month we can pay off our credit card! :j We have a loan we are going to over pay on after the credit card is gone and by paying £800 a month on it we will pay it off by July 2014. Once that is gone, we are debt free! :T Then the business of…
