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Home owned outright. How to get money from it quick?
I own my flat outright but need around £15k cash soon. What is the best way to do this? Take out a small mortgage or something? Any advice much appreciated.
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We want a mortgage
Hello everyone Sorry newbies here ! We are looking to secure our first mortgage and are looking for some advice please. We have a joint salary of 72k and are currently in rented accommodation costing us 1k a month in rent alone. Deposit in all honesty isn't easy but we have to find away to raise a minimum of 10% We have…
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Length of term
Some advice please - we've decided to go with Nationwide 4 year flexclusive 75%ltv, appointment with the bank on tuesday to apply. Borrowing £120K From the outset we are planning to overpay. We were going to go for 22 years - monthly payments £603. In doing some sums to see if we are going the right way, if we go for a 25…
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Stupidly applied for credit before completion
Hello all...I received my mortgage offer on a new build last month, am due to exchange contracts in 2 weeks, with a completion date in March (it's a new build that isn't completed yet). Stupidly (I know) I was doing some shopping and opened an account with Studio 24 to get some bits for my house - not entirely realising…
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Buy to Let question
Hi, We currently own a house (valued at £180k) with a mortgage of £98k. The house is currently let to tenants (not on buy to let mortgage, Nationwide allowed us to rent it out for 4 years with consent). We have approx £15k debt which we really want to clear. We are thinking our options are: 1) sell house, clear debt, sit…
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Would you give me a mortgage?
Hi hoping an adviser/broker can advise Property valued at 100k Will accept 80k So need 70k mortgage (10,000 deposit) I have ccj that falls off next dec past credit card history terrible Other half has same ccj and bad credit In law willing to give us deposit and guarantor possibly go on mortgage too if we needed they own…
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Debt Consolidation
Hello All Long time lurker and now in need of some advice. I have a joint mortgage of £145,000 repayment with 22 years left to run on a house worth about £260,000 My income is £60,000 and partners is £6,500 We have about £45,000 in credit card and personal loans. Are there any lenders that would allow us to remortgage to…
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Valuation to mortgage offer ??
Hi Was hoping for some advice from anyone in a similar position? We have a mortgage application currently being processed with a lender that specialises in previous bad credit/ self-employed lending. Valuation took place on the property on mid- December and this came back fine but valuer recommended a structural engineers…
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Wrong mortgage - C&G want to change and charge more
Hello A bit of a strange question but hopefully someone may have an answer........ My husband and I took out a BTL mortgage with G&C back in 2009, we went into our local Lloyds bank (where we had our residential mortgage) and asked for BTL mortgage. The man was very helpful and we showed him the sort of rental properties…
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mid-fifties...is a mortgage feasible?
Hello, I am 53 an living in rented accomodation, always have. My salary is 52k per year and my wife's is 25k. This is very recent, until the last few years we have struggled to even pay the rent. I look at motgage calculaters and see monthly payments of 2k over ten years, or interest free around 330 and I wonder if there…
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Remortgaging on low income
Hi everyone, This is my first MSE post! Myself and a friend bought a house together almost 2 years ago on a 2 year fixed mortgage with Coventry BS. We'd like to remortage to a new deal when our term ends to avoid the jump to their standard rate. However, since we bought the house both of our employment situations have…
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Can I buy my parents house?
Hi My parents are downsizing and about to sell there home. I am on the market as a first time buyer and would very much like to buy the house they are leaving, lots of sentimental value and in my price range, however, my parents have very generously offered to contribute towards my deposit from the money they make from the…
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HTB 1 equity loan.
Question for anyone who is experienced in the HTB 1 equity loan. I just wanted to no for peace of mind, is the credit scoring more relaxed for HTB 20% goverment, 5% deposit (75%ltv) than having 10% deposit (90%ltv) What im trying to say is, do lenders treat you as having a 25% deposit? Or treat you as having a 5% deposit.…
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will a 10 year fix be cheaper then my existing 5 year fix..
Having seen that some lenders are offering 10 years at 3.44 fixed (60% ltv, TSB no product fee) i was wondering whether i may be better off going for a 10 year fix. i took out a 5 year fix 2 years ago at 3.12% with yorkshire BS.. at the time it was 75% ltv, a loan of £105,450 with the property purchase price of £142,500…
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Best debt for getting a mortgage - card/loan?
Hi all, I've got about 15k debt, good income and (I believe) a good score. It's currently on a Barclaycard 6.9% for life deal costing about 300 quid a month. I'd like to clear it quicker ( I can get a personal loan at 3.8% for 3 years at £470/month. Question is: - which option is better during mortgage application? a…
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Mortgage with Option to Give on Rent later
Hi, My current mortgage offer is going to end by Mar 15, I am after fixed re-mortgage option where I have the flexibility to rent the house later on if I have to change my job (salary increase) later on during mortgage period or have to move to a different location. What are my options ? I have a equity of around 45% in…
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Cant remove ex partner off mortgage!
Hi guys, I would be interested to know if anyone else is or has been through this situation!!! I have paid for a joint mortgage on my own now for nearly 18month with natwest and i'm not seen as a suitable sole lender! Bareing in mind i have never defaulted on the mortgage always paid it on time etc! This is really…
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lenders for people on fixed-term contracts
Hi, Me and my partner are both on fixed-term contracts and looking for a mortgage. Are we limited in which lenders will give us a mortgage?
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mortgage stress! advice!
What can I say but this whole process has been a nightmare! I will try to cut a long story short. If there have been 2 residential mortgage applications on my credit file and now I apply for a BTL..... will it be declined? Same mortgage amount same property? In the space of 3 months I have 2 searches from nationwide and…
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Self employed issues
Hi, first post hope to get some advice. Sorry its a bit of a long one. I am self employed and my wife and I have been looking to buy a new house for a couple of years. We currently have a small mortgage (£70k on £200k prop) and had no issue getting this 10 years ago (I know the market has changed!). Current mortgage has…
