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Sole Trader Mortgage Required
Hello all. I was wondering if someone could help me. I have recently started up on my own as a Sole Trader (start of this current tax year). My question is that I am planning to move home in a year or two. I know that the mortgage company (currently Abbey) will accept the Inland Revenue tax receipt (the one they send you…
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help with my fixed morgage
I have a morgage with my sister. Just had the news my girlfriend is pregnant. Good news. My problem is I need to get out of my current morgage so I can get a house with her. Can I take my name off my current morgage and does it cost you. Also would my sister be able to get a interest only morgage so she can continue to…
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Abbey change flexible terms - is this legal?
With my recent mortgage statement for my Abbey flexible mortgage they have included some updated charges. They are now proposing to charge a £15 admin fee for direct debit change if there have been more than 3 such changes in a year. The reason I took out this mortgage was for its total flexibility and absence of early…
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Nationwide Admin Fee £150!!!
Hi, I got a quote for a transfer of deeds (to put my wife on mortgage), from my current mortgage provider Nationwide, this being a total of £288 inc all legal fees. Phoned up to tell them I want to go ahead with it when the mortgage advisor quoted me an extra £150 in admin costs! I want to get this done asap due to the…
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Mortgage overpayments question.....................have Kensington got it wrong
Hi there Completely new to the site, but notice it can become quite addictive. We currenlty have a second mortgae / secured laon with Kensington Mortgages, I recently enquired, how much me can over pay per month without any charges, to be told the minimum I can overpay is £1000 with a fee of £75.:eek: I currently pay this…
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buy to let dilemma
Hi I need help desparately as a first time buyer. Have seen a property i like which i'm planning to rent out. I spoke to a well known broker and after searching across their panel of lenders the best they can give me is a 3year fixed buy to let at 6% and the arrangement fee would work out to +£4000.00! Then after shopping…
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Buy to let mortgage-borrowing much less than market value
We are looking to take over a mortgage from a family member. We would like to get a buy to let mortgage but our problem is that the mortgage we are looking to take over is for £93K and the house value is approx £150K. I spoke to an advisor today who says that we need to get a solicitor to say that we are buying a house…
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Mortgage Company Dilemma
Hi, Wondering if anyone can help with a letter I received from my mortgage company saying that because they took over my mortgage from my previous borrower they want to bring payments into line with their usual accounts. At present I pay 1st of each month for that month, they want to change the payment to a month in…
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Historical Mortgage rates
Hello everybody, Thinking like a lot of people, of whats available for fixed rate deals and the best that i've come up with so far for me are Abbey/Natwest 5yr fixed 4.99% or a natwest 10yr fixed @ 5.46% I am strongly thinking about the 10year deal, but was wondering whether anyone has any data/graphs on historical…
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Would a mortgage lender accept this size desposit, income etc...
I've just been reading all the great advice on this section and was hoping someone could through some my way. I'm looking to take my first step on to the property ladder. My income is £25000 secure local authority job and I have a £15,000 deposit saved. My parents can lend me another £10,000 making a total £25,000 deposit.…
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Sequence/Connels Mortgage advise who is on their panel
Can anyone tell me who Connells/Sequence have on their panel of lenders? I have been looking all over the net and can't find it anywhere. Thanks
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Remortgaging in December - best deal I can get now?
Hi I am 2.5 years into a 3 year fixed deal at 4.95% and am looking for fixed rate deals for 3 (or preferably 5 years), but a lot of offers dont allow you to secure the deals 6 months in advance. Im unsettled by the big rises in mortgage rates in last few days, and missed out on 2 deals by a matter of hours :( . I will have…
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Abbey 3.95%.....
I was sold an Abbey 5 year fixed rate deal at 3.95% back in March. It's taken them ages to process, due to their error around the spelling of my name mostly. They sent me an offer back in May, then, today, they've announced that I can't have the deal after all as it's only available to current Abbey customers. Two abbey…
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Agreement in Principle - A quick question
How thorough is the credit check that they do for an AIP decision? As I posted in another thread, my partner and I are looking to buy our first place. We have a 125k deposit and are looking to buy at around 250k, so we have a nice 50% deposit. My partner has two settled defaults (Nov 04 & Dec 06) and a CCJ unsatisfied (Jan…
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buy to let help needed desperately
hello all, i wonder if anyone can offer any advice please? I have a house worth approximately 120,000. I have a mortgage of 63,000 and a loan of 30,000 secured on it, unsure what the settlement figure is but guessing more! My partner got a job with a house provided so we have moved out. I spoke to Nemo who have the secured…
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Getting a mortgage after (paid off) defaults?
Hi everyone, I hope you can help as I have approached several brokers and no-one has given me a clear answer. My wife and I would like to buy a 2nd home in Northern Ireland. We already own one house in England, but want to keep that on it's current interest-only buy-to-let mortgage as it has lost pretty much all the…
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Question regarding Remortgage
Hi there. My current fixed rate deal ends in 4 months time, and obviously need to consider my next move. I am married with 2 young children so obviously would like to look onto another fixed deal so that I know exactly what I am paying out each month rather than risking a sharp increase, not being able to get a good deal…
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4.0%??
I say dear Money People! Well hellloooo, Ding Dong! Was hoping that some good folk may have some good advice? My fixed term period is coming to an end (am with RBS) and have received a letter to say that I'll be going into a variable mortgage based at 4.0%. Can't find my letter from 3 years ago before going into a fixed…
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Difference between going on mortgage and being guarantor on a mortgage?
Would someone be able to clarify the difference between the two for me. I have a mortgage promise for X amoun,t but one of my incomes i cannot prove,so cannot be included.So i can afford more in reality.They are willing to lend me it if my mum is on the mortgage with me. Long story short my mum is looking at helping me and…
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Just some simple advise please, can I get a mortgage?
Hi All, I know this has been asked before but it keeps slipping down the list of posts so it’s hard to find current info. Can any of you please offer some advice on this please? My income is £30K per year I have £5K in savings. I’ve seen a house with an asking price of £170K, I’d like to buy it. My father has an income of…
