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Mortgage free in around five years (or close to it)
I'm currently 32. Aiming to be mortgage free or close to by the time I'm 40. Certainly looks doable in the next six years if not sooner. However my five year fixed comes to an end in November and I'm aware rates have gone up. Will probably stick with my bank to avoid extra remortgage costs and hopefully still get a fair…
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All paid off - confused about Land Registry
Paid off my mortgage at the beginning of April, received a letter from Nationwide confirming all was done, then later in the month received a letter from the Land Registry saying they had received notice the mortgage had been paid repaid. The LR letter states 'If you wish you can obtain a copy of your registered title…
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65k in 65m
Hi! So, I've been reading this forum for a while now but I've only just decided to make my own diary. I have an obsession, which probably teeters on the edge of being unhealthy, with becoming mortgage free, ever since I realised I would have to borrow to own my own home. As I don't really have anyone that I can talk to…
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Mortgage overpayment limits
Hi all, I've been thinking of overpaying my mortgage early but I am a bit confused regarding the overpayment limits. Eg. The overpayment limit on mine is 10% of the yearly balance, but how is this calculated? Is this the year from April to April? Or the month when I started the mortgage? Do they look at the year on a…
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Mortgage on benefit
Ok so i can use my "right to buy" option and can get my house for £40k (50%) discount entitled. Im self employed and earn £132 per week as well as the £69 carers. My daughter has just been awarded DLA which is £4429 per year and get that for the next 8year til she turns 16. If i put down 15k deposit would the bank give me…
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Mortgage free or staircase to 100%?
Hi all, Was hoping to have some advice or anyone that had/is going through the same situation as me... I bought 50% (£200,000) of a shared ownership 2 bed apartment last year and has been going great. I brought a lodger in and this has allowed me to save a lot and with savings and good pay rises, I'm now in a position that…
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Getting back to becoming MF
Hi I used to be on these boards quite a bit, making over £30k of overpayments
on our old mortgage thanks to MSE; but unfortunately, life over the last 18
months has just gotten very busy. Like many families the rising cost of living
is forcing us to bring our attention back to finances. Just to give an idea of who we are,…
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The turtle moves.... slowly
Hello all! Must admit, I spiritually feel like a DFW who doesn’t belong on the grown-ups board, but I’ve been debt free for over a year now so I'm shyly venturing into MFW territory 😂 For some background - after spending several years living beyond my means and thinking a ‘good’ salary meant I didn’t need to budget (while…
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Charging Orders on property - help, what do I do.
My case is probably more on the Legal side, I have about 5 charging orders dating back to 2003 to 2009 See below for details: NOTE: Original filed.7 (21.03.2003) REGISTERED CHARGE dated 3 March 2003 to secure the moneysincluding the further advances therein mentioned.8 (21.03.2003) Proprietor: THE MORTGAGE BUSINESS PLC…
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Paying off mortgage in Scotland - solicitor costs?
My bank (HSBC) has said that I need to appoint a solicitor to pay off my mortgage so that they can send them any documents held. I hadn't realised a solicitor needed to be involved but I guess it makes sense. I've tried to Google approximate costs but most solicitors have a "contact us for quote" options, which I'd rather…
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Long time lurker with some decisions to make
Good morning everyone,,, long time lurker here, Ive been making overpayments for the last 10 years on my mortgage, which has spanned accross 3 home moves, our current home is worth just under 500k at current prices i would guess... and being mortgage free will this year be a reality once my tie in period is finished in…