Mortgage frustrations…..

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Wilmslow replied

29 July 2010, 12:46
Originally posted by lje View Post

If possible you might want to move to having just one mortgage, on the property which is being rented out. Then you can allow all of the interest against rental income before you calculate profit.

Wish I could, but got a cracking deal into the rental house - only 2% above the base rate for the mortgage term.

IFA adamant that only option because of the secoond house complication is a 2 year tracker.
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lje replied

29 July 2010, 12:19
Originally posted by Wilmslow View Post

Got two properties, both with a mortgage.

One being lent out – earning more than the mortgage payments for both properties.

There is a belting litetime tracker mortgage with ING direct who will only accept salaried income, and not entertain the rental income.

Now, because I have already applied individually, an IFA will not touch as they will not get their commission.

What is most frustrating is that it is a re-mortgage, and been quite happily paying and making overpayments over the last couple of years.

Going to have to see an IFA I think…

If possible you might want to move to having just one mortgage, on the property which is being rented out. Then you can allow all of the interest against rental income before you calculate profit.
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Bunk replied

29 July 2010, 12:13
Originally posted by Wilmslow View Post

On a second date tonight with another, and a third date at the weekend with another one

And people wonder why I think you're a sockie...
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doodab replied

29 July 2010, 11:45
Originally posted by AtW View Post

Wilmslow here is an idea for you - arrange the 3rd date to be with both of them at the same time and place and let them put on a a show for you

FTFY
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AtW replied

29 July 2010, 10:03
Originally posted by Wilmslow View Post

No, not yet - she seems to be recovering very well, so we will see how things are when she comes back up north.

On a second date tonight with another, and a third date at the weekend with another one, so will see how things work out next week I think.....

I hate this dating malarky - just want to bypass it all and get straight onto being settled......

Wilmslow here is an idea for you - arrange the 3rd date to be with both of them at the same time and place and let them fight for you
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milanbenes replied

29 July 2010, 09:45
the multiplexity in this thread is awesome

was going to paste a quote, but too many funny posts to quote from

good work Wilmslow

Milan.
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fullyautomatix replied

29 July 2010, 09:23
Originally posted by Wilmslow View Post

Got two properties, both with a mortgage.

One being lent out – earning more than the mortgage payments for both properties.

There is a belting litetime tracker mortgage with ING direct who will only accept salaried income, and not entertain the rental income.

Now, because I have already applied individually, an IFA will not touch as they will not get their commission.

What is most frustrating is that it is a re-mortgage, and been quite happily paying and making overpayments over the last couple of years.

Going to have to see an IFA I think…

You say an IFA will not touch it and then conclude by saying you will go see an IFA.
Leave a comment:
fullyautomatix replied

29 July 2010, 09:22
Originally posted by Wilmslow View Post

No, not yet - she seems to be recovering very well, so we will see how things are when she comes back up north.

On a second date tonight with another, and a third date at the weekend with another one, so will see how things work out next week I think.....

I hate this dating malarky - just want to bypass it all and get straight onto being settled......

The second and third also swallow ?

( just thought I would give you the opportunity to talk about it since you are always gagging for it)
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Troll replied

29 July 2010, 09:22
Originally posted by Wilmslow View Post

I hate this dating malarky - just want to bypass it all and get straight into bonking......

FTFY
Leave a comment:
Wilmslow replied

29 July 2010, 09:19
Originally posted by AtW View Post

Wilmslow, I missed some of your epidodes: did you dump your very sick girlfriend or not yet?

No, not yet - she seems to be recovering very well, so we will see how things are when she comes back up north.

On a second date tonight with another, and a third date at the weekend with another one, so will see how things work out next week I think.....

I hate this dating malarky - just want to bypass it all and get straight onto being settled......
Leave a comment:
AtW replied

29 July 2010, 09:06
Wilmslow, I missed some of your epidodes: did you dump your very sick girlfriend or not yet?
Leave a comment:
Wilmslow started a topic Mortgage frustrations…..

29 July 2010, 08:49
Mortgage frustrations…..

Got two properties, both with a mortgage.

One being lent out – earning more than the mortgage payments for both properties.

There is a belting litetime tracker mortgage with ING direct who will only accept salaried income, and not entertain the rental income.

Now, because I have already applied individually, an IFA will not touch as they will not get their commission.

What is most frustrating is that it is a re-mortgage, and been quite happily paying and making overpayments over the last couple of years.

Going to have to see an IFA I think…
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