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First time buyer wanting Buy to Let Mortgage
Hello all, I am looking for some advice on the best course of action to pursue! I am looking to buy my first house/ flat but the aim is to rent it out so a Buy To Let mortgage is what I want to look at getting. I have a tied cottage with my job so will not be living in the property so this is why it will be rented out.…
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Mortgage redemption figure
Hi I’m trying to work out what my mortgage redemption figure will be it’s saying the amount owed is approx 61.5k but that isn’t the amount needed to redeem so will the redemption be a lesser amount?! I think the term remaining is about 23 years and it’s a standard rate of 4.79%. I’ve inherited the property from my dad and…
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Damp Course required 3 months after completion
Hi All, We are due to exchange and our valuation flagged a damp issue at the property we are buying. We had to get a Damp & Timber report carried out. We did and the contractors quoted 4K+vat to carry out a damp proof course and to remove plaster and replaster when finished. We do not believe there is an issue with “rising…
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Mortgage for post-doc
I'm in the midst of a mortgage mess and any advice would be very welcome. I am at risk of losing an excellent house which I have managed to get at a very good price indeed. I had an AIP with Natwest, but they declined the formal application based on job history as I technically wasn't 'employed' during my PhD. I have just…
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remortgage
Hello forumites. Looking for any thoughts on my plans. I've a house worth £250k. Outstanding mortgage £8k. On 40k. I'm 56 in the LGPS - with about 34 years service. No imminent plans to retire but would if the offer was right. Looking to downsize or move downmarket at retirement and realistically will have to move to a…
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Removal from Mortgage
Hi all, First post I hope anyone can help on here with advice. I am divorced from my ex wife a few years ago and I have been trying to remove myself from the joint mortgage from Santander Bank the mortgage lender. I have been removed legally by solicitor from the title deeds of the property and my name is not on the…
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mortgage account number
can anyone point me in the right direction as to how i obtain my old northern rock mortgage account number from 12 years ago. thanks
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Mortgage pay off vs savings
Hello community. I know the basic rule about this so if savings rate is better than mortgage is better to save. However, here is my current situation. Mortgage fixed for five years at 2.14% £12k savings. I actually have two tesco accounts where £3k in each is saved as they are easy access and also higher rate than my…
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Remortgage...which way shall I go?
My current 2 years deal will end in 6 weeks (0.5% above BOE)and my broker suggested that time is not enough to move to another lender before end of deal. I am looking to fix for 5 years considering all uncertainties about interest rates. My broker suggested two options: 1- Stay on a retention deal with my current lender…
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Remortgaging to pay off debt - Clueless! Help!
Hello! I'm completely clueless and could really do with some advice!! We are looking to find a better deal on our mortgage and pay off our credit card debt, but (being clueless!) didn't realise that you can't borrow to pay off debt currently held on 0% cards! Without consolidating this debt I'm worried our affordability is…
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Help to buy plan
Hi, Current info. House bought for 255000 5% deposit 20%help to buy loan (51k) Had house since Dec 2015 on a 5 yr fixed rate mortgage with nationwide @2.89% Apr over 31 years (I am 26) Currently paying 789 pm. Looking for the best way to go for the remainder of our fixed period. Options: Overpay mortgage as and when we…
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2 part loan mortgage, merge or remortgage now?
Hi MSE folks, I have a 2 part loan mortgage, loan1 is due to end in april 18 and i can renew with current provider without any fees. The current rate im paying is 3.99%, when it ends it goes to 4.79% SVR. If i renew with current provider i could get 2.29% 5 yr fixed with no fees. Loan 2 fixed does't end until Feb 19 but i…
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Tracker to fixed
Hi. We currently have a tracker mortgage with Santander at base rate plus 0.99 so 1.49. We are thinking of changing this to a 2 year fixed at 1.79 which we can delay until June. With the Bank of England most likely increasing the rate by 0.25 in may (so I’ve read) I can’t see any reason not to do this. Can anyone see a…
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Restraint orders
Hello, Is there anyone out there who has dealt with a restraint order on a property and managed to remortgage?
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Mortgage or car lease?
Advice please.....thank you Is it better to pay 15k off my mortgage and lease a car or use the 15k to buy a secondhand car?
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Mortgage with new current account
Hi, I was thinking of changing my current account to take advantage of the switching offers. I have been with my current bank for 20 years and was thinking of applying for a mortgage in June. Would a prospective bank look negatively on my application if my current account was reasonably new? Thanks
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Unable to renew mortgage help?
Hi All, I bought a property with my ex partner. After we split I continued to pay the mortgage for the past 8 years. I have not missed a payment. my interest rate is now 4.8% and due to go up again. I have tried to change to a fixed 5 year at 3% but my lender says I do not earn enough to do this on my own. I cannot have my…
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Just got one mortgage, odds on another?
I have a house which I bought with my OH 4 weeks ago with a 65% LTV, and am wondering if it would be possible to get another mortgage for a family member's home (to prevent her ex making her leave). It would then be a buy to let, but we wouldnt have much of a deposit, possibly 15-20% gifted. We would be able to afford…
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Self-employed mortgage application
So I'm self employed and looking to get a mortgage to move house. (I bought my current house whilst I was still in employment so this is a new experience) At the moment, my last 2 years self employed income is currently averaging out at 31k, which is because the first year was only a part year, half in employment and half…
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Euro mortgage from UK bank
Hi all, I've got a simple question: is it possible to get a Euro mortgage from a UK, to buy a property in mainland Europe, say in Germany? I've done a quick search online and it doesn't seem very common. I've seen specific mortgages for France and Spain. Just wondering if anyone's got experience with these and how easy…
