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kinboshi
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« Reply #105 on: April 22, 2008, 10:47:08 AM » |
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Sounds like your changing the terms and conditions. No mention of it being a part-exchange deal in your first post.  It's the current climate. Everything is in constant flux. |
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'The meme for blind faith secures its own perpetuation by the simple unconscious expedient of discouraging rational inquiry.'
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AndrewT
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« Reply #106 on: April 22, 2008, 11:22:49 AM » |
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Sounds like your changing the terms and conditions. No mention of it being a part-exchange deal in your first post. It's the current climate. Everything is in constant flux. Sounds like the electrics need redoing as well - that's a big job. |
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boldie
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« Reply #107 on: April 22, 2008, 11:24:24 AM » |
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Sounds like your changing the terms and conditions. No mention of it being a part-exchange deal in your first post. It's the current climate. Everything is in constant flux. Sounds like the electrics need redoing as well - that's a big job.  |
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Give a man a gun and he can rob a bank, give a man a bank and he can rob the world.
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Teacake
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« Reply #108 on: April 22, 2008, 11:00:10 PM » |
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HSBC FTW!!!  |
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thediceman
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« Reply #109 on: May 13, 2008, 02:05:45 PM » |
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I am not going to recommend an individual lender, but if I did it would have four letters beginning with an H.
Looks like these guys have decided not to air on the side of caution like everybody else having just spoken to they lending department. They have just increased their rates and changed there policy. H*** advisor actually stated that they are nolonger looking to increase their existing 2% maket share. I was looking to buy a HMO property at this weeks auction which returns a yield over 18% and has a full occupency agreement for the next 6 months from all existing tenents yet noone is willing to loan on a b-t-l basis unless there is a sole person on the agreement not 9 individuals. Looks like they have really streamlined the mortgage products available. |
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Grier78
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« Reply #110 on: May 13, 2008, 07:57:40 PM » |
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I am not going to recommend an individual lender, but if I did it would have four letters beginning with an H.
Looks like these guys have decided not to air on the side of caution like everybody else having just spoken to they lending department. They have just increased their rates and changed there policy. H*** advisor actually stated that they are nolonger looking to increase their existing 2% maket share. I was looking to buy a HMO property at this weeks auction which returns a yield over 18% and has a full occupency agreement for the next 6 months from all existing tenents yet noone is willing to loan on a b-t-l basis unless there is a sole person on the agreement not 9 individuals. Looks like they have really streamlined the mortgage products available. HSBC have never really been interested in the Buy to let market, not sure why. I think Bradford and Bingley are best for BTL off the top of my head. |
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cia260895
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« Reply #111 on: May 13, 2008, 08:59:00 PM » |
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I am not going to recommend an individual lender, but if I did it would have four letters beginning with an H.
Looks like these guys have decided not to air on the side of caution like everybody else having just spoken to they lending department. They have just increased their rates and changed there policy. H*** advisor actually stated that they are nolonger looking to increase their existing 2% maket share. I was looking to buy a HMO property at this weeks auction which returns a yield over 18% and has a full occupency agreement for the next 6 months from all existing tenents yet noone is willing to loan on a b-t-l basis unless there is a sole person on the agreement not 9 individuals. Looks like they have really streamlined the mortgage products available. HSBC have never really been interested in the Buy to let market, not sure why. I think Bradford and Bingley are best for BTL off the top of my head. Bistol and West apparently at mo |
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thediceman
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« Reply #112 on: May 13, 2008, 09:10:13 PM » |
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Bradford & Bingley have been the main lender I have used in the past but they have just increased there rates. Whilst speaking th the HSBC adviser he was basically just repeating the same products that the B&B are currently offering both stating a product rate of 2.5% above base rate. The only difference is that B&B charge a 1.5% arrangement fee whereas HSBC's was £500ish. Word is B&B are in a bit of trouble and seriously having to amended it's portfolio.
Bristol & West the lender that came out top with my recent chat with an independent financial adviser them and surprisingly .................................................... Northern Rock.
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mondatoo
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« Reply #113 on: May 13, 2008, 09:17:53 PM » |
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We have made mortgage application with hsbc was expecting underwriters response today (its been 5days since app. today) should know tmoro whats happening, fingers crossed.
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mondatoo
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« Reply #114 on: May 23, 2008, 10:48:42 AM » |
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Firstly just wanted to again thank every1 for there input(especially those that pmd was much appreciated) it was a great help finally got news yesterday and we were approved by underwriters so hopefully baring anymore problems should be homeowner within a few weeks. HSBC FOR THE WIN.Cheers all.
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boldie
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« Reply #115 on: May 23, 2008, 10:50:02 AM » |
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Firstly just wanted to again thank every1 for there input(especially those that pmd was much appreciated) it was a great help finally got news yesterday and we were approved by underwriters so hopefully baring anymore problems should be homeowner within a few weeks. HSBC FOR THE WIN.Cheers all.
HSBC for the win indeed!  |
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Give a man a gun and he can rob a bank, give a man a bank and he can rob the world.
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kinboshi
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« Reply #116 on: May 23, 2008, 11:05:31 AM » |
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Good news.
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'The meme for blind faith secures its own perpetuation by the simple unconscious expedient of discouraging rational inquiry.'
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mondatoo
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« Reply #117 on: July 01, 2008, 05:44:00 PM » |
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FINALLY !!!!!!!!!!!!!!!!!
Signed the contracts today and completion date is friday so all should be finished by the end of the week.Again thanks for everyones help, much appreciated
[X] Taking a half day on friday, signing it off and getting mortal with me dad
[ ] My posts will make sense on friday night
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Tractor
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« Reply #119 on: July 01, 2008, 06:24:14 PM » |
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Regardng buy to let mortgages, i will be wanting to let my house out at the end of the year but is it ok to do that with my mortgage im paying now?
I thought i would just keep paying the mortgage as normal and let the house out to someone or is it more complicated than that?
Anyone any advice would be handy.
Cheers
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