-
Endownment maturity and Capital Gains Tax
I have just received an endowment payout of £107k, ;-). The with profits endowment was taken out in 1991 the sum assured on the policy was £40,000. with my monthly contributions being £63 p/m of which I did not miss nor did they change over the 25yr period. I stuck with it for the term and it has matured with a massive…
-
How to find a BTL mortgage broker
How do I find a completely independent Buy To Let mortgage broker? How do I know that they offer totally independent advice, and how do I know if they are any good at what they do? Thanks
-
Mortgage help - HTB
Hi, I was wondering if anyone can help, I am starting to stress! We put a reservation on a New Build property last weekend (13.08). After having to chase our mortgage advisor, we finally had our application to Nationwide put in (19.08) and received a DIP. Out HTB application was submitted 18.08 and we haven't heard…
-
Equity Release - Anybody done this ?
Hi All i have a lot of equity in property and am looking to raise funds quickly for renovation of my own residence Has anyone got any experience of this ? Is it an 'expensive' way to borrow money ?? Anyone recommend a company/bank ??? Cheers
-
First Direct Offset
I Have a first direct offset mortgage and am tHinking of making an over payment of 20000 If I do this is it possible to borrow some of this back at a later date or not- and if so how easy would this be to do? I know the money could sit in my account and offset against the mortgage but would prefer not to have the…
-
Buy to renovate then sell Mortgage ?
Hi everyone - this is my first post. I would like to know what the best mortgage option would be to - Buy a property, then renovate and sell - I am looking at a flats which can range anywhere between 12000 - 50000 - These properties are in Glasgow area / Scotland. I am in a full time job so would be looking to start with…
-
Would I be able to get a mortgage under these circumstances?
Here's my situation. I live in a housing association flat that I want to buy under the Right to Buy scheme. Just wildly guessing, the flat is worth around £120,000, so I would need a mortgage for roughly £60,000. I've worked full-time for the past 3 years, earning between £26-28,000 and was working part-time before that. I…
-
Mortgage newbie help required
Hi all, I'm in need for some help. I set up a company 4 years back. The start of this year's I provided all my shares to my mother as she can run the company much better than me. I did not like the stress etc I take a Director role but have no financial interest in the company anymore. I'm now legally employed with monthly…
-
Applying for new mortgage, pay off credit card first?
Hi, We have a credit card bill of £700. We are paying it off monthly and it'll be paid off in March next year. We have been saving for moving and I'm wondering whether it'd be better to clear it now? We're hoping to put our house on the market in the new year and therefore apply for a mortgage next year too.
-
Remortgage transfer of equity query.
Hi, I am remortgaging and taking ex off the deeds. No money will be transferred to him as this was sorted months ago. I've had the info from the solicitors and am wondering if I'll be subject to Stamp Duty? It's very confusing in the jargon! Can anyone help? Thanks.
-
Early Repayment Charge on mortgage
Hello, We took out mortgage out years ago 2004, and we have just received compensation with the company we took the mortgage out with. We have been given a cheque for compensation which was out of the blue after all these years. Letter states we are refunding the early repayment charge you incurred when you repaid your…
-
Mortgage PPI
I am new to the Forum and hope I am posting in the right place... In the mid to late 1990s I had a mortgage with Abbey National/Santander who sold me and my husband a PPI policy which was underwritten on behalf of the bank by an insurance company (possibly Commercial Union). Because of a back injury, my husband had to…
-
Ballpark Figures
Hi All, I am seeing a broker soon to find out how much I can borrow, but was hoping you guys could help me with some ball park figures so I don't get any nasty surprises or my hopes up too much as it's a little bit complicated. So I take home roughly £5000 pcm after tax at the moment. However only about £3500 is from my…
-
Help with bank unwilling to lend due to high number of buy to let flats
Hi, has anyone ever been in this situation? I'm a first time buyer with an accepted offer on a new build flat just outside of the M25. I've managed to raise quite a big deposit (had to due to the banks only being able to lend a certain amount based on my solo salary, which is fine) The amount being lent was OK'd by the…
-
Nationwide Mortgage Underwriting
Just applied for a Nationwide mortgage through a broker. I called up yesterday to check on progress and was told my application had been declined. When I queried why I was told it was due to affordability. When questioned further they told me that the mortgage itself hadnt been declined but in fact they could now only lend…
-
Deeds
Hi everyone, Quick question, can i put my wife on the deeds of my house? Thanks in advance and have a great weekend
-
stamp duty when swtiching existing house to BTL
hi guys can anyone help with this question on the new Buy To Let stamp duty? I have a house (A) in my own name and another rental property (B) owned by me and my brother, recently me and my wife were looking to move and our original plan was to switch our old house A onto a BTL mortgage when purchasing the new house (C)…
-
Interest only Mortgage - sign this petition pls
Hi all. :) I wonder if I can get a few of you ( I need minimum of 4 more people) to sign my petition in order to get the Interest only Mortgage Mis-selling scam urgently looked into by the Government, firstly by being made more visible on Change. org. You can view info about it if you copy and pasty the link below: www.…
-
Having a nightmare getting a mortgage!
Hi. Here is a bit of back ground info on my self; I am self employed and have been since Nov 2012, until last August I was a sole trader and I have three years SA302 to show for that. I am now a LTD company and will have my end of year account at the end of August and a projection (99% accurate) as of tomorrow. Last month…
-
Using Credit Car between Exchange and Completion
I have recently been approved my mortgage application and have exchanged on a new build. The process was all really smooth from start to finish with Santander (Apart from the speed they post documents back!). As our purchase is a new build, there is now a 3-4 month wait until completion. Currently saving to pay for…
