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Hi there im new on here and some advice would be gratefully recieved,
do you need to be a home owner to have a buy to let mortgage?
my partner has had a mortgage previously when married, we have good credit but we rent our property from my mum, we dont...
Started by abbaesque on
, 15 posts
by 5 people.
Answer Snippets (Read the full thread at moneysavingexpert):
To buy a place of your own to live in and start to pay off a mortgage instead of paying your mum rent? with us starting new business we wouldnt get res mortgage at the mo, does anyone have any ideas who wouldnt get res mortgage at....
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Hi everybody.
I bought house in march 2008 for 220K, mortgage was 200K.
I Have been letting out house fully for one year, and was advised against telling bank, so I didnt.
Only thing is that tenants are pretty bad at redirecting post, as in i have never...
Started by mrsod on
, 20 posts
by 10 people.
Answer Snippets (Read the full thread at askaboutmoney):
Phoned bank to change address but they need a reason on the mortgage in any case and get as much....
Office of the town where the mortgaged house is? I live anout 1 hour from my mortgage property of interest is my mortgage stuff.
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I received an offer for my 2 bed flat from a buy-to-let buyer who has as he says 30% deposit and expects to get a mortgage.
I have 64 years remaining lease and 1/3 share of freehold in the management company and there are 2 more flats each with 1/3 share...
Started by AdmiralX on
, 14 posts
by 8 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Any reason why? It's a leasehold flat with 64 years remaining... .
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Ask your Facebook Friends
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This is my first post here so I'm sorry if this isn't strictly the right forum.
I have just completed a project that took 20 months (full time) converting a large town house into 4, 1 bedroom flats I have no borrowing at present and the flats have been...
Started by jonnyashworth on
, 11 posts
by 4 people.
Answer Snippets (Read the full thread at moneysavingexpert):
The same lender will mortgage all 3 units, due to the combined exposure risks, as such after in a direction where I can better them? Rates and fees are higher on buy to let mortgages than the fees on I will end up paying them before....
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I am 2 years into a 35 year variable mortgage. I have been saving for the past 2 years and have managed to put away 10 grand. I also have a lodger in the house. I am considering paying off a lumpsum of the mortgage, my mortgage currently stands at 141...
Started by irish_bhoy82 on
, 11 posts
by 6 people.
Answer Snippets (Read the full thread at askaboutmoney):
When you lodge the lump sum, you can choose to reduce the term of the mortgage to pay down the mortgage until I ....
Personally, I would not change to a shorter term mortgage as it might be difficult to revert whenever have a surplus.
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This might sound really daft, but - there are a lot of threads on here about people who don't inform their mortgage company that they're now letting out their property. BUT what do you do about your statements etc? Do you provide a new address - isn't...
Started by going2melbourne on
, 10 posts
by 10 people.
Answer Snippets (Read the full thread at pomsinoz):
If you can swing the job based move and they will not increase... .
mortgage from home-buyer to consent to let is £200 every year when you have to re-apply and that can your mortgage to a buy to let one, with a slightly higher APR.
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Buy to let Mortgage
Well not quite,
My partner is going to move into my house and hopefully rent out her house, heralding the end of my hedonistic bachelor days:undecided:.
Her mortgage is interest only and the provider says that if we want to let it...
Started by Bill the Bass on
, 9 posts
by 7 people.
Answer Snippets (Read the full thread at farmingforum):
Re: Buy to let Mortgage
Option 4 for conversion to a buy to ....
Based hard to see the bank could do much if you forgot to tell them .
Keep quiet.
Re: Buy to let Mortgage
ahh the Law of Unintended Consequences strikes again..
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Hi, We may need to rent out our home for a while due to a new job. This will be temporary but perhaps for 2 - 3 years.
We have a Santander Flexible Off Set Mortgage and meet the criteria of having had the mortgage for 6 months, not in arrears, both employed...
Started by Jopag on
, 5 posts
by 4 people.
Answer Snippets (Read the full thread at moneysavingexpert):
I wonder what they ....
The consent to let has always just been a formality.
Only the interest element of your letting out our property for a few years now.
Remember the rental income is taxable.
Of the outstanding mortgage balance.
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Hi
NOT LOOKING FOR FINANCIAL ADVICE - OPINION ONLY
I had a face to face meeting with my Mortgage Lender today. It was an interesting exchange as I believe he is in the same Neg Eq situation as me. I was given good news about a change to tracker shortly...
Started by BreffniWeffni on
, 6 posts
by 6 people.
Answer Snippets (Read the full thread at boards):
If you let it out you would not be able where Banks have allowed mortgage holders to let out the properties without any impact on the mortgage Mortgage....
mortgage would be a owner occupier residential mortgage.
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Looks like derbyshire BS are getting cold feet now!
"Buy-to-Let applications for newly-built properties (up to 12 months old) with a LTV of 70% or over should temporarily be referred to us for an offline DIP prior to submitting a full application."
john...
Started by JohnS on
, 7 posts
by 5 people.
Answer Snippets (Read the full thread at singingpig):
John@residentbroker.com
mortgage broker/property investor
07974 198 396 TMW have one of the poorest admin set ups in the mortgage....
The lender will only accept buy-to-let applications on properties aged over one year.
mortgages.
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