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Credit Report and late payment
I have a buy to let mortgage with Mortgage Express. A few months ago I got a phone call saying my direct debit had failed. It turned out my tenant never paid the rent into our account. I offered to pay straight away over the phone by debit card as I was concerned it would affect my credit score. I was advised it would not…
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5% builders deposit???
can someone help clear this upfor me. 1) new build @ £158,000 developer will include 5% deposit bringing it down to 150,100, i have a 10% deposit of the 150,000 (15000) making in total a 15% deposit. 2) The developer has said they can either sell us the property at 150,000 without deposit, and we have to find our own. or…
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Declined after 5 weeks - need to move fast, help!!!
Hi, I'm new to this forum but hoping someone can advise me. Had an offer accepted on a house at the beginning of April. Sellers are emigrating and we're renting our current house out as the market is really slow in this area, so there is no chain. Sellers want to complete by 24th July, which we didn't see as a problem.…
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Buying new house
Hi all, Having just bought our first house, my oh is already thinking about the time when we sell up and buy our next house. The question is though, having struggled to raise the deposit for this house, will we need to start saving again for the deposit to buy our next? We would not be looking to buy a 2nd house, it would…
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House buying help!
hi. advice please! My partner and I are looking to buy a property we have had our offer accepted on by the seller. problem is, we've tried to get a 90% LTV mortgage from natwest and it got declined and got referred to experian but office was closed by time i phoned. i done a few online credit checks and didn't seem too…
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fixed fee or fees free which is the best
Our current fixed rate ends sept 5.55 Mansfield We have seen so far Mansfield 4.59 5 yrs fixed £999 fee Abbey 4.99 No fees How do you work out which one will be cheaper over the long run We only have 7 yrs left on our 80k mortgage as of sept 09 Any help would be appreciated Thanks
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What's the best 5 year fix at the moment??
I have just come off my current 5 year fix (Cheshire 5.32%) and I am currently on their SVR 2.5%. Looking at the news and forums saying that the swap rates are going up, I am now looking to grab a new 5 year fix. The best I have found at the mo is the 75%Ltv Natwest 4.69% £299 product fee, with free legals and valuation.…
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Change to Interest only?
This is my first post so I hope I don't come across as thick! I have 4 years left on a fixed rate mortgage at 4.99%. (10 years left in total)owe approx £53k monthly payments £501. Would I be better off changing to interest only until fixed rate ends or for a year or two until penalty is less? (currently about £2500) or…
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cut cost of my monthly payment
i have a £52,000 mortgage on a property bought for £145,000 2 years ago. my fixed rate finishes this month where i will go on to a variable rate of 3.5%. my aim is to reduce my mortgage payments as far as possible whilst not incurring fixed rate fees. i am 49 this year and income is tight until i can take my pension when i…
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any experience?
please advise a desperate girl at the end of her tether, has anyone in this forum expereinced yorkshire bank i.e how long they take etc.
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B&B Reducing mortage balances to encourage you to move?
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Remortgaged- old lender rebate amount query
Hiya, We recently remortgaged when Mortgage Express lifted all ERC's. We were paid up for the month with them and our new mortgage completed with 9 days to spare. We have had a rebate but not quite as much as I expected, the mortgage amount was £592 a month and we've had back £136 for 9 days which is almost a third of a…
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Opinion on remortgaging
I know a lot of this will come down to opinion on interest rates but what do people think. Our current fix (5.44 I think!) expires in September then reverts to 1.49% above BoE with a minimum of 3%. The loan is £111,111 and the current value of the house, hard as it is to approximate, is probably about £160,000. I'm wary of…
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Nationwide's tracker deals for existing customers
Hi, I was just wondering what other people's views were on this deal. I think it could be a good one, but have I missed something? My fixed deal of 4.98% ends at the end of July, £97k mortgage, LTV about 45%. I was looking to stay on the Nationwide BMR at 2.5% for a bit and see what happens over the next few months, and…
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Shared Ownership Fixed Rate Mortgage Ends November
Please can someone help. I might be being thick but so confused. We have a 50% shared ownership property. We had a fixed rate mortgage which runs out in November. I have no idea where to start or what to do???? I know that if the mortgage goes on to the standard variable it will be too much for us to afford. Please can…
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Deposit on exchange of contracts query
Hello. Just wondering if someone can clear up this issue for me:: Is the deposit payable on the mortgage separate to the deposit paid (usually 10%) on exchange of contracts? For example, if I agree a 75% LTV mortgage on a property with a value of £100k then the mortgage deposit payable by myself will be £25k. If the seller…
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FTB Questions, any help greatly appreciated
Hope am doing this rite, its only my second post ever! Iam looking to buy a property, i would be FTB after a lifetime of private renting but my partner has had a mortgage years ago with ex, to which he handed over (the fool!) and is completely free of that mortgage. Would we still class ourselves as FTB?? We having a…
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property ladder assistance for child
Hi, Can anyone tell me if it is viable for me, the father, to buy a property on an interest only mortgage, to then later on sell it at a later date for no profit to my daughter when she and her husband can afford it. They will be paying the interest only payments until that time, assuming it took 5 years and the recession…
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Yorkshire Bank penalising existing offset mortgage customers with rate 0.8% higher
I noticed that Yorkshire Bank had not reduced my offset mortgage payments even though their website showed a further reduction in rates since they last advised me of a change. When I enquired about the discrepency I was told that they now have a new offset mortgage product with a rate of 3.79% which is listed on their…
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Timber Frame Houses
Afternoon guys, I am a first time buyer and my girlfriend and I have just had an offer accepted on our first house. However I have just found out that the house is a 1970's build timber frame property and although my lender has said this wont be a problem (subject to survey) I am concerned about resale as I have heard not…
