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Need Realistic Mortgage Advice!
Hi everybody, I was a very silly girl in the past which has resulted in me having a 'very poor' experian rating of 533, this excludes a score with a register on the electoral roll, which i have sent off and will hopefully see it shoot up a little? I have satisfied all of my outstanding debts now (they were mainly annoying…
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Can you raise a mortgage against one property to buy another?
Afternoon folks, Quick question I was hoping you might be able to help me out with. I currently have a flat that I let out that has no mortgage secured against it. I was considering buying a second property in the area (the area in Scotland is very cheap) to let and have some queries re financing. 1) I have seen references…
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Mortgage repayments
My fixed rate mortgage deal comes to an end soon and I'm looking forward to the saving i should be making. After checking on one of the online mortgage calculators i was pleased to see my repayments would be dropping by nearly £200. Not wanting to get carried away i phoned my mortgage provider to check what my saving would…
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Mortgage advice and negative equity
Hi, I bought a shared ownership property in 2007 , it is a 50% share on a house valued at the time of £138000. My mortgage is £59000. I am now married and my husband and I wish to get a joint mortgage and buy a house together. How does this work can I transfer my mortgage and add his amount to it or do I have to wipe mine…
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Mortgage for poor credit history but great deposit
Hi I need help/advice I'm currently looking at a house on a part buy part rent scheme The share I need to purchase is £114'000(60%)house valued at £190'000 I have access to £40'000,but still have various debts of £6000 if these were paid and I had say £30'000 to lay down(clearing debts and inc moving fees etc)is it likey…
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2yr, 5yr or 10yr re-mortgage?
The current 5yr mortgage comes up in a couple of months - then only another 18 years to go (:(). My remortgage options are 2yr, 5yr or 10yr - I dont really want to go variable or tracker as rates will inevitably rise. Currently sorely tempted to pay more for the peace of mind to fix for 10 years. My thinking is that rates…
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First time Buy-To-Let
Hi. I run my own construction company, things have been picking up since I started 2 and a half years ago, and I have been working for a landlord that I am looking to go 50/50 on a house with, As this would be my first mortgage. The Brokers has told me i wont be accepted, apparently they go off the land registry. Just a…
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Can you point me in right direction?
Hi. I've been watching an empty house I'd love for months and it's finally on the market. Repossessd being sold via estate agent for £172,000. I'm in Scotland if that's important? I'm mortgage free :) . House worth £210,000. I estimate costs for gutting new house about £50,0000. I'll put this house on market but know it…
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Re-mortgage with lots of problems
Hi - can anyone answer a few questions about re-mortgaging for me please? Firstly, we want to re-mortgage to get lower repayments and also borrow more to consolidate some debts. We have already been to our current mortgage provider but they can't help (more later about that). Problems are: 1. I work part time and hubby is…
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Advice for First Time Buyers
Hi there, My partner and I signed up to the Nationwide SaveToBuy scheme last year, whereby we can apply for a 95% mortgage if we save with them for over 6 months. We are both complete novices when it comes to mortgage applications, so I was wondering if anyone could advise us. We have a joint income of £45,000 and are…
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Halifax
What shall I do? Just phoned to ask what deals they would give me to fix my mortgage,Asked about 5 year fixed deals,came back to me best is 3.69,they value my property about 40k less than what it is!!!i can pay £165 to have it valued again to get a better rate ,any advice please
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Wanting to port mortgage but possible gap?
I reckon I know the answer to this but thought I would check with those who know. I am looking to move and want to port the rate for the existing part with Nationwide. It's now looking possible that in order to get the house we want we may have to go into rented for two or three months. I assume that if there is this gap…
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Admin Fee
Hello, I think I know the answer to this question but thought I’d ask for advice anyway, just in case. My mother is due to pay her full £26k mortgage off in April this year, it is an interest only mortgage she took out in 1992 with Abbey National (now Santander). However when she called Santander last week, she was told…
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MSE News: Mortgage rates hit record lows... but beware the high fees
"Some mortgages with higher headline rates may be more suitable, highlighting the importance of factoring in fees..." Read the full story: Mortgage rates hit record lows... but beware the high fees Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our…
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Offset verses fixed options, in far too much detail
Hello and thanks for looking. I'm considering an offset mortgage and looking for a bit of a sanity check please. Complete strangers tend to be a little more impartial than friends on this sort of thing, so here goes: I'm 34yrs with a mortgage currently of 118K on a valve of 175k for the house with 31yrs left to run. I have…
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Home Improvement Loan V Property Valuation
Hi All I recently found out that I am unable to make improvements to my home due to not being able to borrow £5k against the current market value of my home which is supposedly £63.5 k. My mortage is currently approximately £52/3k, and I wanted to borrow £5k to install gas to replace my oil heating system and a few other…
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Missold endowments
I am sure this may have been covered before, so upfront apologies for lack of searching! A good while (a few years) ago, I complained about a missold policy, and this was rejected by the company, and I basically didn't pursue. For two reasons I have regretted this: 1. It was a clear 'it will give you the amount plus…
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Do Tax Credits count as income, and other question
Hi I am a potential first time buyer and, although I won't be in a position to get a mortgage for a while, I have a few questions. Do Tax Credits count as income for mortgage purposes? As a freelance writer and editor, I am self-employed. At the moment I do my own accounts as they are very easy and I submit my own…
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ING Mortgage in principle referred to underwriters
Hello, Im a first time buyer try to get a mortgage with my girlfriend for 75% LTV. I had an AIP with Leeds BS but their rates have change since applying so I went to get a mortgage with ING, and its gone straight to the underwriters at the decision in principle stage. Is this normal? We both have good credit history, no…
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Bonus & Endowment surrender
Hi there I was hoping that someone may help. I have decided to surrender a unit linked endowment policy as I need to use the money and it hasn't done as well as hoped. I have held the plan 12 years. The special provisions of the plan are that once the plan has been held for more than 10 years (and I quote).. ''you will be…
