-
Mortgage on a house which needs work
We are just venturing into buying our first home. We have savings of 30k, so a decent deposit. We have a certificate from London and Country saying they would give us a mortgage between 140 and 210. The house we are considering is on the market at 140, however we would want to do some work - a new kitchen and a…
-
Remortgaging a 110% mortgage
I hope someone can help. We have a 110% mortgage (£100,000) that we got from Northern Rock nearly 8 years ago. After the initial 5 years fixed rate, we're now on a relatively high 5% rate. Is it possible to remortgage part or whole of this mortgage with another broker to a much reduced rate or are we stuck paying this…
-
Advice on getting equity out of house (but on interest only mortgage)
Hi- hope some of you may be able to advise. we currently have an Interest only mortgage (just until May next year)- house is worth approx 220k and mortgage is 184k. Just discovered that I am 6 months pregnant- completely railroaded us- total surprise but obviously leaves us with very little time to 'get sorted' in terms of…
-
Mortgage broker fee reasonable?
Hi, I am in the middle of arranging a complicated buy to let mortgage and have finally found a broker who seems to have a willing lender. The only issue is that he wants a total of £2500 broker fee. £750 has to be paid upfront in order to even find out how much the lender is willing to lend, at what rate etc, i.e. the…
-
interest mortgage
hi i have paid the mortgage on my home but would like to move to a bigger house,the house i live in at the moment is worth £120,000,the house i would like to buy is worth,£130,000,not sure wether to rent my house,and get a interest only mortgage on the house i want to buy ,also i have £30,000 savings any advice please
-
Help mortage advice
Hi. I'm not sure if I'm posting in right place but here goes anyway. Me and my ex bought a house together 10 years ago. He put down £4000 deposit. Five years ago we spilt and I moved out. I tried to remove my name from the mortage but he could not keep it a his income was low so for his stayed I stayed on mortage. Two…
-
what % is interest what% is repayment?
Hi We are looking to move due to daughters education - it will be just for two years, so hubby wanst to sell house to rent elsewhere for time being. Im concerned we are going to loose too much money on this. So im looking at putting out 30k aside from the sale to make another 5-8K over the next two years (which will cover…
-
Remortgage additional borrowing > 80% LTV
I am looking to remortgage and secure some additional borrowing. Based on the value of house and existing mortgage I come in at 78% LTV. However I want to borrow an "additional amount" which brings the LTV up to 85%. Does anyone know of any providers who might consider my application? I know that Halifax and Nationwide…
-
Santander & financial ombudsman
Hi My husband and I had a massive problem with Santander at the end of last year, which resulted in them listening to phone calls, then admitting they had misinformed me, result being that we would have to pay a £5k erc, but we would get it back when we took out the new mortgage on the new house within 6 months of…
-
mortgage application - getting worried
Hi all, wasnt worried about my mortgage application, until i started looking on this site, now I see halifax, gives AIP pretty easily, have spoken to my MB and he reckons, everything will be fine, just wondering if any MB's here would agree? buying a newbuy house, 75% mortage £159000 (house £212k) 20% equity loan and my 5%…
-
Santandar Mortgage
Hi all, My wife and i are renewing our mortgage with Santandar but to stay with them they are asking for admin fees of £650 and a fee of £250 for hang on to the deeds. This seems very steep for just renewing our mortgage and highly unfair. I would understand if we were going to a new lender etc but even so, has anyone else…
-
Estate agent's mortgage advisor
I am starting viewings to buy a property and I have agreed with one estate agent that I will see their advisor to discuss mortgages (I think he said they can give me an agreement in principle). But as soon as I got off the phone I wondered if this was a mistake - if the estate agent knows how much I can afford, bargaining…
-
Complicated..Mortgage on benefits only?
Hi Im really not sure where to go with this but ill give you some background so sorry if its long winded! 5 years ago I sold my house and moved into my then partners house and paid his mortgage of at around 54k ( house was worth around 70k) we were mortgage free for abit, then took another mortgage out at 43k for a loft…
-
Exit Fee process
Hi. Quick question: When remortgaging, do you pay the exit/completion fee before you transfer to your new lender or do they 'invoice' you after? My current lender is Santander if that makes any difference. Thank you.
-
New to property ladder - overpayment confusion.
Please can someone help me clarify... I have a 90% mortgage - borrowing £81,000 over 25yrs. Monthly payments £441.30 (4.34%). I can overpay by 10% without incurring a penalty charge. My question is - is that 10% of the monthly payment, or 10% of the remaining balance? Basically, what is the maximum amount I can pay per…
-
SVR - do you have to remortgage
We're currently looking at mortgages at the moment as we are first time buyers. Is it best to go with a lower interest rate at the moment for the fixed period even though SVR after the fixed period is quite high or is it best to find a lowish current interest rate and one which then has a lower SVR rate as well? When we go…
-
Mortgage fees
What are people's opinion's on mortgage fees? Are they worth paying or is it best to go with the non fee ones?
-
Stupid question ?
Can anyone explain why buyers cannot get new mortgage at the base rate ? Why do we have to enter into a termed contract that is higher than the variable base rate with penalties if repaid early ? My partner and I are taking out a new mortgage, but can only get one that is higher than the base rate and carries early…
-
Buying a rental property abroad ?
Hi, Any advice on buying a rental property in either southern Spain or France ? Is it best to buy in a main city or a coastal area ? Has anyone used such rentals as a form of income ? I would be using a mortgage to buy the property. Thanks, Ruby
-
NewBuy Mortgage Scheme
Hi! This is the discussion thread for the NewBuy mortgage scheme. 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 New to Forum? Intro Guide. Thanks folks,
