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Mortgage Retention
I needed to get a mortgage ASAP as the house i wanted to buy had other offers and was told basically if i did not have the paperwork within a short period of time, the house would go to someone else. My mortgage offer had a retention of £5000 - long story short the house was converted into 3 flats and my mortgage provider…
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Shared Ownership Mortgages - which lenders would you recommend?
Hi, I am in the process of buying a shared ownership property in Milton Keynes. I am not limited to 2 lenders (Abbey & Nationwide) like a lot of the shared ownership companies and wondered if anyone could make a recommendation. Do building societies lend on shared ownership mortgages (I know Alliance & Leicester don't)?…
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Is it possible to get a mortgage whilst not employed?
My partner owns 7 properties to the value of around £860,000 with buy-to-let mortgages on 5 of them to the value of about £370,000. She also has savings of £60,000. She has just recently given up her job. I have a small business that is in its first year and so cannot prove any income. She has seen a property at £115,000…
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Remortgaging to help the in-laws - your assistance please!
Hi all, can anyone advise me on the implications of this scenario? Theplan is to "remortgage" our home to release £30,000. With this we "buy" a £30,000 share of the in-laws house to give them cash to go on holidays etc. Their monthly pension income covers all of their bills, plus the mortgage repayments on our new…
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Is it possible to move a mortgage offer to new property
To cut a long story short we have 3 weeks left on our 6 month mortgage offer and the top of the chain has pulled out a couple of days before exchange. As we secured a good deal before the rate increases we don't really want to lose it, if we have to we have to. What we would like to know is can we take this offer and get…
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Remortgaging/Valuation
When you come to remortgage your house, if you stay with the same lender, do they do another valuation on it? Just wondered if, when my fixed rate is up, I am likely to get an idea of how much my house is worth.
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Mortgage Advisors
Is there an easy way to find out all the fee free, all across board ones near me?
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Moneysupermarket.com
I'm trying to look around at new mortgage (slightly too early for me, but just looking) and I understand all the true cost ideas and stuff and that it's not just about the interest rate, but does moneysupermarket.com give all the "hidden extras" that are going to be there? For example, I was comparing Britannia 5.39% 5yr…
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Which Mortgage?
I have a £27,000 Mortgage which fixed rate ends on October 15th.What type of new Mortgage should i go for another fixed mortgage or variable ?:o
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Informing mortgage company about letting
We're hoping to rent out the house we have lived in for 5 years as cannot sell it and have already bought and moved in to new house so struggling to meet both mortgages! Our financial advisor told us not to bother telling our existing mortgage lender that we are going to rent it, but our letting agent tells us that we…
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Scottish Widows Endowment
Hello All, Having just made an overpayment on our mortgage, this has reduced the interest to be paid by £90,000 which means the old Endowment that I have isn't really needed any more. The Endowment is with Scottish Widows, costs me around £160 per month and has 18 years to run. The last thing that I heard from them is a…
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Mortgage Payment Interval
Hi All, I have been thinging about my mortage repayments recently, and i have come up with a simple way to save a fortune. Some one else has probably already thought of it but i was wondering if it could be done. Since interest on most mortages is caculated on a daily basis, could i not set up the daily direct debit for…
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Advice on Bridging Loan
We have a chain in place to sell our house and move to buy another property. This new property is going through probate. However, the property we want to buy is in hot demand and is being chased by a number of potential buyers. Even though we have a chain in place that is ready to move, the agents acting on behalf of the…
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Mortage Indemnity Payments - Halifax
Hi I have been inspired by this site to claim back my mortgage exit fees and.......I've remembered the huge amount I paid for the morgage indemnity guarantee. Does this guarantee last the original life of the mortgage? I was thinking that if it did it should have lasted 25 years, but I changed my mortgage (and therefore…
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Been overseas and now need a mortgage
Hello all, Have been reading MSE for a while now, but never felt right to post, until now. I need some advice, I have been living and working overseas for the last 5 years and am planning to return to the UK early next year. Upon my return I want to get a property as soon as possible. Will I have any difficulties in…
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can/should I reduce mortgage term?
In June 2004 I had a new £82000 mortgage with Natwest over 25 years repayment method. Fixed rate deal which ends June 2008. I was paying £491.27 per month. I was lucky enough to be able to pay a lump sum off and this was completed in September 2007. Natwest say I now owe £28500 over remaining 21 years and 9 months. Monthly…
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About to remortgage - fixed rate
Hello I currently have a mortgage with Alliance and Leicester and the flexible introductory period runs out at the end of Nov07. I will then go onto their SVR by default. (currently 6.09%, £937 pm, £139,000 balance, 23yrs to go, house value £220,000+) This has led me to consider remortgaging. I have researched all the…
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100% Ftb
Hello, Im kind of in a predicament right now as I am currently coming to the end of my rent lease and Im not sure if I should continue it! My rent is £450pm rising to £500+ within the new lease in 2 months time ( if I sign it! ) However I would really like to get into the property market before Im 30. I currently work in…
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Changing mortgage to a joint application
My current deal is about to expire and hence I will be looking around for another "best" deal. However, this has also timed with my engagement. Are there any factors I should consider in this application? Can I make it a joint application with a legal agreement on current equity ownership? Will this require extra work from…
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Who Owns My House?
In light of the recent Northern Rock debacle ... if the company with which I have a mortgage went bust ... who would own my house? Would I be asked to settle my account (i.e. get another mortgage to clear the debt) or be evicted and the property sold by the liquidators? Just curious ... all help appreciated.
