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Help: Buy to Let Mortgages
Hi, 3 years ago i bought my home (a maisonette in the city centre). I'm now doing the place up and looking to sell and move into a bigger house (with a garden!) Basically, I've recently been toying with the idea of keeping hold of my city centre place and renting it out. I would then use the equity in the property (cost…
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Cold feet/pulling out of a purchase
Got a purchase almost ready to exchange but having very cold feet. Looked at objectively we're not in a house swap/trade-up situation so are not already invested in the market to a similar extent, although not cash poor first time buyers. Reason for purchase is due to job relocation. No real objection to renting for next 6…
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Selling To Rent
We are considering selling up and renting. We are restless to move, and hae spotted a "dream home" nearby in our overpriced area. Our income would not qualify us for a mortgage on such a property - but we can afford the monthly rent, which is little more than our current mortgage payments. The other obvious benefit would…
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remortgage advice needed
Advice needed please - I am just about to run out of a discounted mortgage with Northern Rock but am still in penalty time but dont want to go back to full price rate can anyone give me some advice my house if valued at approx 110,000 and I need mortgage of 50,000. Cheers
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best place to sell an endowment
I've got an endowment which I kept as an investment after changing the morgage several years ago. I now want to sell it, any tips or suggestions as to where I will get the best price.
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Deep joy :|
weve come to the end of our base rate tracker with the nationwide and its served us well for the 2 years its been running, however with the interest rates set to more than likely rise a bit more than fall in the next couple of years were looking to move our mortgage, also we want to avoid slipping into their base rate. id…
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Mortgages for retired couple
Retired parents need to raise capital £25-30k for some building repairs on home but don't like idea of equity release products. Anyone know of lenders or brokers who will offer mortgage product based on home worth £300k, income circa £25k. Ideally looking for 20yr mortgage interest only principal sum repaid on 2nd death?…
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Different currency mortgages
HI, Has anyone seen this article that was sent to me today? http://www.everyinvestor.co.uk/timArticles/tim_261_27_.asp. It says that you can reduce your mortgage down to 2% by using this service - is it too good to be true? I am currently looking to remortgage to consolidate our debts so this looks like an attractive…
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Remortgaging to consolidate debt...a good idea?
Hi all I'm at the end of a tied in mortgage with Standard Life, and am shopping for a better alternative (of which I am sure there are many!). I am thinking about raising some cash from my mortgage to pay off credit card debt of around £8k. A couple of questions... is it a good idea to do this in the first place? And will…
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How much I have paid off on my mortgage?
My fixed rate mortgage is coming to an end so I am looking around to see what is out there but I am struggling to work out how much my new one would be - given that I have already paid some of it off. The deal that I am currently on is a capital and repayment, fixed at 3.79%. Is there a formula that I can use to work out…
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Libor Mortgages
Does anyone currently have a mortgage which is linked to the u.s dollar libor rate. the skipton b.s. are currently offering a 7 year deal which looks to good to be true. i would be grateful for any advice.
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endowment mortgage compensation
We have been offered compensation from our endowment co.which we feel is inadequate and wonder if anyone else has had the same exp. and how did they resolve the matter.We ahve been offered the amount we ahve paid in over 13 yrs +£1000.Should we accept this offer as if we continue to pay this premium for another 12yrs we…
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Help - is my endowment compensation fair
Please excuse me for being a bit thick regarding this and I did find a similar topic but was couldnt find how to post a question. I have had an endowment policy for 10 years which was to cover a mortgage of £30,000. 2 years ago we moved and swapped to a repayment mortgage but wished to keep my endowment policy on as a…
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Multi Currency Mortgages.
I've just read an ad for Multi Currency Mortgages they look very attractive, has anyone any experiance or knowledge of these.
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property survey
Hi all When applying for a mortgage to purchase a house, Is the survey based on the selling value of the property or the value of the purchaser's mortgage. Say the property was on the market for 80,000 pounds and the mortgage 65,000 pounds.
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advice required
hi, b/f has a 3 yr capped rate with northern rock, he is 2 yrs in. fancies remortgaging, but I imagine he is tied to the northern rock.(?) he phoned and they are willing to increase his mortgage without another survey, or even someone checking the house, as the reckon house prices have risen. he needs the extra cash as he…
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Pay lump sum off mortgage or not?
Am wondering whether to pay a lump sum of £15k off my £45k mortgage. The £15k is with Cahoot (5.5%), the repayment mortgage fixed rate of 4.25% for 2 years and in it's first year. Now I realise that I'll be paying more mortgage interest than I'll receive in savings interest so it probably makes sense to pay off a chunk.…
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refused mortgage
my friend has asked if she is refused a mortgage loan and then applies to another lender are they aware she has been recently turned down for a mortgage
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re-mortgage advice please!!
Hi, My partner & I currently have an interest only mortgage from Abbey (for 106,260.00) and are thinking of trying to re-mortgage to find a better deal. We got interest only as 1. We are pretty broke and it seemed like the only way to get back on the property ladder, and 2. because we plan to stay in this property for less…
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Remortgaging forever
Hi there, This is my first time on here so bare with me. My current house is almost 4 yrs old. My wife and I bought it from new and changed our first mortgate after the initial 2yr discount term was up with no penalities. We currently have a 3.99% fixed rate from Yorkshire BS due to revert back to std variable in Feb. I…
