Finance & Investment Questions

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Sticky: Mortgage News by loanarranger Started by loanarranger, 23-12-2015, 18:43 PM	285 responses 21,604 views 0 likes	Last Post by loanarranger 02-04-2019, 08:51 AM
Is it going to be possible for me to buy a property by blinko Started by blinko, 10-01-2019, 15:56 PM	2 responses 86 views 0 likes	Last Post by blinko 21-04-2019, 19:52 PM
Repossession threats by worldview84 Started by worldview84, 13-04-2019, 08:47 AM	4 responses 144 views 0 likes	Last Post by loanarranger 17-04-2019, 12:31 PM
Best approach to start up by JoshK Started by JoshK, 14-04-2019, 14:39 PM	7 responses 113 views 0 likes	Last Post by Gordon999 17-04-2019, 03:17 AM
Portfolio landlord or not for Re Mortgage by Glover1862 Started by Glover1862, 15-04-2019, 15:20 PM	3 responses 55 views 0 likes	Last Post by loanarranger 15-04-2019, 20:13 PM
Enfranchisement - Ground Rent Capitalisation @ 7% by PROPPORTUNITIES Started by PROPPORTUNITIES, 08-04-2019, 17:13 PM	4 responses 62 views 0 likes	Last Post by PROPPORTUNITIES 09-04-2019, 19:26 PM
Possibility of obtaining mortgage for these flats by randal_bond Started by randal_bond, 06-04-2019, 16:31 PM	5 responses 106 views 0 likes	Last Post by Gordon999 09-04-2019, 04:46 AM
Inheritance and wills by Raiden328i Started by Raiden328i, 13-09-2016, 09:19 AM	60 responses 2,193 views 0 likes	Last Post by Raiden328i 01-04-2019, 15:25 PM
Release equity for BTL by remortgaging my home by Tomredfox Started by Tomredfox, 28-03-2019, 16:17 PM	8 responses 124 views 0 likes	Last Post by Gordon999 30-03-2019, 23:45 PM
Remortgage Now ?? by mojo_scotland Started by mojo_scotland, 22-03-2019, 13:04 PM	1 response 67 views 0 likes	Last Post by loanarranger 29-03-2019, 22:06 PM
Let to rent or let to buy by Propertygoesup Started by Propertygoesup, 21-03-2019, 17:11 PM	5 responses 114 views 0 likes	Last Post by Propertygoesup 29-03-2019, 04:40 AM

Is it going to be possible for me to buy a property

blinko

HI everyone,

i currently own a property with a mortgage of £137k and market value £160k

I would like to buy another property , is it possible to withdraw some of the equity from my current rented property and use this o buy another one? a

and if so how might...
- Channel: Finance & Investment Questions
10-01-2019, 15:56 PM
Reply to Is it going to be possible for me to buy a property

blinko

so sorry to clarify market value approx £260k loan approx £137k ironically they did give me 85% LTV when i purchased but this was for home ownership. on a resi mortgage
- Channel: Finance & Investment Questions
21-04-2019, 19:52 PM
Repossession threats

worldview84

Hi there

I have a consent to lease on a help to buy property and the equity loan, which is 25% of property value, has now matured. I have had significant difficulties passing a credit check and am concluding it is probably highly unlikely that I will be able to remortgage in time now before...
- Channel: Finance & Investment Questions
13-04-2019, 08:47 AM
Reply to Repossession threats

loanarranger

Gordon is quite correct in sofar that 100% mortgages are not available , there are however three lenders who subject to status etc will consider a remortgage of up to 95%:-

Nationwide
Skipton
Hinckley & Rugby Building Society.

If you go onto their web sites...
- Channel: Finance & Investment Questions
17-04-2019, 12:31 PM
Reply to Repossession threats

Gordon999

It seems to me that you have bought the property with a 25% equity loan ( by Developer ?) and 75% normal mortgage and nil deposit from yourself .

The equity loan is now matured , then you have to re-pay the equity loan and you must re-mortgage the property. Re-mortgage of loan ...
- Channel: Finance & Investment Questions
17-04-2019, 03:52 AM
Best approach to start up

JoshK

Hi All

I am hoping you can help me make the right choice in starting up my investment business.

My situation: I am a first time buyer, I have £50k for a deposit, my mortgage broker is lending me £270k or £350k with my wife (she is already a home owner) and we currently live...
- Channel: Finance & Investment Questions
14-04-2019, 14:39 PM
Reply to Best approach to start up

Gordon999

I think you should focus using your £50K deposit on financing your first time home and finding a location which suits all of you.

Mortgage lenders will lend up 3.5 to 5 times of your annual income. You can get a better understanding of mortgage products by looking at money website...
- Channel: Finance & Investment Questions
17-04-2019, 03:17 AM
Reply to Best approach to start up

JoshK

Thank you for your help :-)
- Channel: Finance & Investment Questions
16-04-2019, 20:37 PM
Reply to Best approach to start up

loanarranger

Find a firm of Chartered or Certified Accountants in your local area and also a firm of solicitors who have a minimum of three partners and are on the panel of the majority of Banks & Building Socities. Most firms will offer an initial meeting without charge and then detail their subsequent charges....
- Channel: Finance & Investment Questions
16-04-2019, 06:46 AM
Reply to Best approach to start up

JoshK

Thank you, do you have any recommendations on people that I could speak to for further advice? ☺
- Channel: Finance & Investment Questions
15-04-2019, 20:20 PM

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