Hi there
I am currently with Nationwide on a residential mortgage that they are now charging an extra 1.5% to buy-to-lets.
They have rang the Mortgage Works as its their buy-to let subsidiary and i have just tried to call them with regards to remortgaging and was told that i have to do this via a mortgage advisor.
the problem i have is the following:
the flat is in my sole name.
i currently have gone down the part-time since having children and therefore on a much smaller salary.
how am i supposed to re-mortgage. I cannot currently do anything at all with my Nationwide mortgage, i am unable to fix it, re-mortgage etc etc... so i want to go onto a long term fixed product which allows me to borrow a little extra for property repairs.
I bought the flat for 100,000
it is now worth arounf 140,000-160,000
i rent it for 650 pcm but am able to get 750 with a new bathroom.
what is my next step, will anyone let me remortgage given my part time job - can the Mortgage Works offer me a new mortgage as they are part of Nationwide without havign to give pay slips etc etc i am not sure if they are the same company or an entirely seperate entity that nationwide just refer their customers too?
Thanks any advice gratefully received
I am currently with Nationwide on a residential mortgage that they are now charging an extra 1.5% to buy-to-lets.
They have rang the Mortgage Works as its their buy-to let subsidiary and i have just tried to call them with regards to remortgaging and was told that i have to do this via a mortgage advisor.
the problem i have is the following:
the flat is in my sole name.
i currently have gone down the part-time since having children and therefore on a much smaller salary.
how am i supposed to re-mortgage. I cannot currently do anything at all with my Nationwide mortgage, i am unable to fix it, re-mortgage etc etc... so i want to go onto a long term fixed product which allows me to borrow a little extra for property repairs.
I bought the flat for 100,000
it is now worth arounf 140,000-160,000
i rent it for 650 pcm but am able to get 750 with a new bathroom.
what is my next step, will anyone let me remortgage given my part time job - can the Mortgage Works offer me a new mortgage as they are part of Nationwide without havign to give pay slips etc etc i am not sure if they are the same company or an entirely seperate entity that nationwide just refer their customers too?
Thanks any advice gratefully received