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Remortgage BTL for another purchase - 1 or 2 applications?
Question for the fellow forum members... We currently have 1 BTL property which is virtually mortgage free (only a nominal amount outstanding). (Flat 1) We now have an option to buy another flat (Flat 2) in the block but would need to raise both deposit and mortgage for this. If I was to remortgage Flat 1 to the tune of…
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Remortgage advice/renegotiate current mortgage
I'd like some ideas on any better plan than this. Long story so I'll try not to waffle. Putting a few mortgage & pension statements away and P60s etc prompted me to look at my budget & write a little note of dates down. To my horror I noticed my mortgage statement said my mortgage has 4 years left. :eek: I know its got 14…
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Old Mortgage
Hi Not sure if anyone can help. My first ever mortgage was arranged in 2000 through a financial advise centre via GMAC. I cant remember who the payments went to and I cant check with the bank as I closed the account a few years ago and havent kept any paperwork, but I think I may be entitled to PPI.
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Natwest
Hi I recently got declined for a mortgage with halifax due to errors on my credit report (wrong date) which has now been fixed. I applied with natwest and rang them today they said its come back from underwriters just requesting proof of deposit and valuation. The lady said that I have passed the credit check and…
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Overpaying mortgage
I want to make overpayments that reduce the term of the mortgage as opposed reducing future repayments. I phoned our mortage company YBS and they told me that to reduce the term we need to pay a fixed overpayment each month by changing our direct debit. But we wanted to pay differing amounts as and when we had it.…
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Clearing Mortgage advise needed
Hi Figures are not exact, I have used the overpayment calculator to get the idea. I understand that rates can go up and down. I have a 3 part mortgage with Nationwide with 8.5 years left on all. I can overpay by £500 max per month on any part and it will drop the interest paid as long as it's in the £500 bulk payment, all…
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Buying house from family member
Hi all, I plan to buy my first home from a family member. The scenario is: - Family member has unoccupied property, which requires extensive renovations - Family member no longer wants the property and so plans to sell it - I would like to purchase the property. I have sufficient earnings, but do not have a deposit -…
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Self-Employed Mortgage Help
Friend is self-employed and looking for maximum mortgage to borrow. Any lenders particularly attractive for self employed people? How much do they typically lend. She is getting conflicting info from mortgage broker, who doesn't seem very useful.
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'How much can I borrow' online calculators - how accurate
Hi, I'm looking to be a FTB in roughly 2 yrs and trying to do some homework before we do any proper searching. I've been getting some mixed information and was wondering just how accurate these online calculators are. Has anyone used them and had similar offers from the lenders? I'm 24 making £27k p/a, other half is 26…
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Buy To Let Borrowing
Does it make a difference to the size of a mortgage loan when making an application? For example would I have more chance to be accepted buying a property at £90,000 than £150,000 with 25% deposit? I've had a CCJ registered for just over 2 years so I have a very limited choice of lenders. I've also got to present 3 months…
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HELP TO BUY: putting in a deposit of 5.1%?
Hi there, upon regarding other threads, It seems you might increase the chances of being accepted for a mortgage if you add a little bit on the deposit for a mortgage. So I have a 5% deposit, if I make it 5.1% along with the gov 20% loan, it brings the LTV down to 74.9%? Does this make sense and worth doing?
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So many mistakes on paperwork
We bought a house from a new development under the new 'help to buy' scheme last month. We have had the mortgage offer, the deeds and a whole bunch of paperwork from the solicitors but on every single piece of paperwork our names are spelled incorrectly, a number of different ways, I am even referred to as MR in a few…
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Don't Know what to do with L&G
I’ve got a bit of a situation with Legal & General with regards to some critical illness cover, and I’m not sure what my next step should be. Back in 2006, my IFA recommended some Critical Illness Cover with L&G which I took out. In May of 2010, my IFA recommended a different policy offering better cover, also with L&G.…
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remortgaging house with government first buy scheme
Hi all We bought a new build house last year. We have the next 5 years to pay off as much of the 65k the government loan as possible. Does anyone know if its possible to remortgage after a few years in order to pay that off and incorporate it into the main mortgage? ? Dan
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Repossesion - Firstplus
Hi Firstplus declined my shortfall application unsecure their charge from my property that was intended to be sold through the Mortgage Rescue Scheme. I am now going to take my case to the Financial Ombudsman as I feel quite strongly that I have case to argue, under no circumstance will Firstplus stand to get anything…
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I wish I could stop worrying-need advise please!
I am 59 years old-always had my own house until I left my partner 6 years ago. House was sold-very little equity which I lived on for the last 6 years as well as working and paying the rent etc etc. I am working full time (self employed)-have a small amount saved. I realise that I am now too old to get a mortgage arent I?…
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Natwest mortgages and tax credits?
Hi there, Does anyone know if the Natwest or Halifax are one of the lenders that take Tax Credits into consideration? I have 1 default on my credit file from 2010 (still paying this off), Experian have it down on report as satisfied, Equifax have it as settled and it doesn't appear at all on Noddle/Callcredit which I found…
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Is this do able - 2 mortgages till house is sold.
Hi all. Have a question for you. Is it ok to have 2 mortgages at the same time? Here's the facts. Looked at a house with 9 acres of land today that the missus and myself have fallen in love with. I get the feeling that I can get about £15k off the asking price if we can move at a reasonable pace IE: No chain. so here's my…
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3yr fixed @ 4.49% or 2yr fixed @ 3.99% but with £499 fee
Ok so I'm very tired at the moment, and I can't work out which one would be better! Basically, we're selling our house and buying another, and as such are borrowing some more money off our mortgage provider - Yorkshire Bank. They've said they can do this by offering us another - separate - mortgage, one of the two…
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Santander mortgage tracker - quick help please
I've just seen that the underwriter decision has been made on my mortgage with Santander but it doesn't say what the decision is. I just rang up to find out and was told that someone would call me next week. Arrrrgh! I can't wait that long and it's a bank hol on Monday!! Does anyone know that if you get a tick against the…
