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Re-Mortgage as a student
Some advice please. I am currently a student doing an online course at home which finishes in March. My 2 yr fixed deal with A&L(Santander) has just finished. So I am looking to get another deal, but as a student what are my chances. I have sufficient funds to cover another 3 years if necessary. I had trouble previously as…
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pay off childrens mortgage
Apologies if this is in the wrong thread My assets are under the inheritance tax threshold (including house value which I own outright) I have enough money to live comfortably. I would like to either pay off or give both my sons a lump sum towards their mortgage. Am I or my sons liable to any tax penalties if I do this? I…
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Mortgage application - car finance vs credit card
Hi all, We had a meeting with a mortgage adviser at Santander (we're locked into a fix with them at the moment and are considering porting the mortgage to a new house to avoid ERC). The only debt we have except the mortgage is car finance. It ends in May 2015, with a total of around £2300 to pay (£331 per month). The…
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first time buyer with bad credit needs advice
Hi everyone, Looking for a few pointers here because i've been getting duff information elsewhere. Recently had an offer accepted on a house, have my 10% deposit, then my broker told me he couldn't secure me a morgage. Went to call credit to access my credit file, turns out there was a credit card and two mobile phone…
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5.99 trapped until 2017
I have a mortgage totalling £127K In 2013 I ported an existing rate of .69 above base rate on £38K of this. The other parts are £9K on a 4.99 fixed rate until July 2017 and £79K on 5.99 (ouch) fixed until July 2017. I called Woolwich and they said the only part I can change is the 0.69! I bet! Obviously I won't be doing…
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50 Reasons to use an Independent Mortgage Broker
Applicants When there are more than two borrowers When you are a first time buyer When you are buying from family When you are buying with a friend When you are changing jobs When you are confused by the market When you are consolidating debt When you are not on a permanent contract When you are in a probationary period…
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New mortgage with exisiting mortgage
Hi all, I'll try to keep this as simple as possible. I currently have two mortgages: 1. The property I live in 2. The property I used to live in and now rent out Property 1 has an outstanding mortgage of approx £25'000 with a value of approx. £65'000. Standard capital & interest mortgage Property 2 has an outstanding…
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Halifax Interest only mortgage Application questions
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How can I build a credit history before applying for mortgage?
I have a clean credit history and is planning to a buy house in couple of years. When I pulled my credit history from experian it had only one negative point. ie. Lack of prior credit history. I have 2 credit cards which I have been paying off in time for the last 4 years. Looks like that is not enough. What is the best…
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C&G new deal for exsisting customers
We're out of our fixed deal now so looking around at re-mortgaging to bring the repayments back down. (gone up by about £80) We've been to Barclays but as OH is now self employed we're "screwed" really at getting one with them. I checked on the C&G website and it said about changing current deals to a new fixed one. Here's…
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Mortgage rates still going down?
Hi. I understand there is downward pressure on rates because of building societies and banks trying to meet end of year targets? Does this apply to remortgaging and could I see my 2.1% now two year deal option with Halifax option drop any lower? Pete
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Helping Parents With Remaining Balance Of Mortgage - Possible Options?
Hello MSE Forum I am trying to help my parents out with the remaining balance of their mortgage, which has ~60 months left at £800 per month. I am trying to help them as they are in a considerable amount of debt and if they did not need to pay the mortgage each month they could put that towards repaying the debt.…
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Mortgage for student and worker - how?!
My situation is apparently very complicated and I really need to know if there are any options available to me. I've had a mortgage with the same lender for about 12 years. Two in fact. Both were graduate mortgages, the second was 7 years ago and a joint mortgage with my husband. We've never defaulted, have excellent…
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Another question about Tesco mortgage (sorry)
Hi Sorry I am not sure whether I should have linked this to my previous thread? Basically, I am wondering whether applying for a Tesco credit card (using it for 6 months and paying the balance off in full each month) is likely to improve my chances of being approved for a mortgage by Tescobank. In general terms, is…
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Monthly Overpayment V Yearly Overpayment
Any smart cookies out there be able to tell me/provide a calculation on which is the best to reduce the term of the mortgage. I am on a daily interest repayment mortgage but the company cannot tell me which is the best to do as it is quite complex. Thanks :)
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Tesco mortgage anyone?
Hi I've been looking through a Tesco mortgage leaflet and it looks very promising..apparently you only need a 10 percent deposit. I was under the impression that it was near impossible to get accepted with only a 10 percent deposit these days... Hubby and I should have that saved in a few months time. I'm just wondering,…
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Releasing Equity
Hi all, My current property is on sale for £625k and I owe £356K. I am selling in order to release some money in order to pay some debts and buy further out of Central London. Rather than selling (as I like the location and conformable) I am thinking about releasing some equity of about £150k in order to buy a 1 bedroom…
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Nationwide mortgage: overpayments & porting
Dear all, We currently have an outstanding balance of around £50,000 to pay on our mortgage. Mortgage is with Nationwide, on the BMR, and we have overpayments of around £50,000. 7 years to go, having shortened the term from 20 years. House value around £200,000. We'd like to move to a house worth around £330,000. Current…
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Bridging Loan
My wife has a property which she is currently renting out in Birmingham. We live together in Stoke on Trent. What I am looking to do is to sell the house we are currently living, the value is £170000 and pay I would buy her house for the amount outstanding on her mortgage. Which is £87000. The house needs to renovated…
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bankruptcy clause on lease
i recently tried to staircase and buy the remaining shares in my shared ownership property,i was told by the housing association that was ok so i went ahead,it was painfully slow optima legal ended up as my solicitors through a deal with a mortgage broker it all ended with optima stating we are unable to proceed with the…
