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New build - gifted deposit - opinions please???
we have sold our house, which after paying mortgage off, leaves us with £15k, plus £3k savings, minus approx £2500 legal fees leaves us with £15,500 deposit. We have found a house we would like to buy on a new build site from Barwick developments. they came up for sale in 2008 at £153,000. Following discussions they are…
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First time buyers....help!
Hi Guys, Firs time on here so hope you can all help! Have recently got married and myself and hubby are looking to buy our first home together. Basically don't really have a clue where to start. We've been looking around and think our house budget would be around 70k as we don't want to over stretch ourselves. Have seen…
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Newb Mortgage question
Hey all, long time reader, first or second time poster (I forget which). I've just managed to get a job (3 months after finishing my degree) in Midsomer Norton, south of Bristol and Bath (and feel rather happy about it, as Bristol area is where I want to be, though my family home is only in Newport, South Wales anyway).…
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mortgage help required please
Hi i had a offer accepted on a house requiring 85k mortgage i have a house and just sold it and offer accepted on another house for 100k.i was approved in principal and everything was ok,i was told i could borrow originally 104k and then refused 75k on affordability,im on 24k a year and as im moving up north with the same…
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mortgage advice please!
Thanks for reading We've been trying to sell our home for a long time as we hated the area, it was a bit of a 'panic buy' during the housing boom! We've had to resort to letting it now in order to be able to move. We've moved into rented accommodation ourselves simply so a move could be facilitated. In the current mortgage…
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Buying Before Sold Existing House
Hi, thanks for looking. I have a house which has been on the market for 6 weeks with a £100k mortgage on it, have not sold yet but would expect to get about 300k for it in time. However we have committed the cardinal sin of falling in love with another house, which is 325k. I have spoken to L&C brokers and I could prob get…
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Fixed Mortgage to Interest Only???
Hello All, I'm not sure of the best forum to post this on but I really am in need of some advice please. My husband and I seperated at the end of April and he has signed a 12 month lease on a flat for himself. I am living in our family home with 3 children. I am struggling to pay the mortgage now with his maintenance and…
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Mortgage type advice
Hi all, I need some advice on what type of mortgage will suit me best. I have just had a house built for me and my partner worth £495,000 but we are only paying back the cost of the build plus paying off our debts to my father in law. So we need to get a mortgage of around £210,000 to pay him back. I am not sure what type…
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Minimum mortgage term?
Quick question for the brokers on here - do lenders have any minimums on their mortgage terms? OH and I are pondering the option of taking our mortgage out over only 10 years, possibly as low as 5 at a minimum. Would banks go for that? And can you get a 5 year fixed rate deal with a term of only five years?
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Looking for some advice on mortgage - self cert or using a guarantor
My situation is that I have 200k and I am buying a house at 250k so I need a 50k mortgage. The issue is at the moment my earnings are low, but when I move they increase considerably. As I understand it I have two options. Either I go the self certificate route or I do have someone why will act as guarantor but I am not…
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Mortgage insurance payout help
Bit of a long, winding problem this one, so please bear with me. My girlriend has a house bought with her ex-boyfriend. He was paying the mortgage on it, but living elsewhere (with a new partner). He did not pay her any childsupport officially, just £20 or so a week towards the care of their 2 young children (aged 2 and…
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I'm going to have to sell and rent...help pls!
Hi, I'm new to the forum - so as not to waste anyones time I've put my main issue to the top, then elaborated on my situation further down. My question is: I wanted Nationwide to allow us to pay a 5k fee to leave our current mortgage product and go on to another mortgage product, still with Nationwide. The product I had in…
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Are you on SVR voluntarily?
My tracker with Halifax ends in November and I'm seriously toying with the idea of staying on their SVR of 3.5%. My siutation is I've never really been a risk taker with my mortgage and commonly took fixed rates, two years ago I went for a tracker, must be pyschic as my rate is now 0.39% and I'm overpaying as much as…
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Paying for Broker advice
Usually one to find deals online for myself but as we're looking to buy new house I thought I should speak to someone who might have some deals I wouldn't see. Quick question - I thought about just seeing the mortgage broker from our selling agent (Haart). I assume they get their fee from the lender and that, to me the…
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Not sure this is in the right area.
I just need a question answered if you please. My DH does not get payed till the end of the month , and my morgage goes out on the final working day of the month , which turns out to be the same day . Due to a change of circumstances in Childcare we have had to spend a little more this month. If both go out on the same day…
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SVR vs Fixed Rate
Hi, My husband and I bought our house nearly 2 years ago with a mortgage that has a 2 year fixed interest rate. When this is up it switches to a svr which is currently at 3.5%. Alternatively we've been offered to switch to a 3-year fixed rate of 5.29%. Obviously 3.5% is rather attractive but who knows how long this will…
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Help understanding compounding of overpayments
I have done a spreadhseet and worked out I could save £132,000 interest on my £166,000 interest only 5% mortgage by making the maximum 10% (£16,600) overpayments and paying it off in 10yrs rather than 25yrs. When I look at £16,600 x 25yrs x 5% it works out about £20,750. I know its due to compound interest, but could…
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First time buyer help
Hello, I'm a first time buyer, well hopefully! I'm trying to arrange a meeting with a mortgage adviser to find out whether my partner and I could realistically get ourselves on the ladder. Thing is he is paying back his debts (racked up while studying) via PayPlan's Debt Management Program. It's not an IVA but do you think…
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Just a quick thank u
Just wanred to drop a quick line 2thank every1 that has helped us through the long procsess of buying a house all ur help has been great!! many thanks stana
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RBS Intermediary services
Hi all Before i pester my friend who is my broker.....how long does RBS intermediary take to process apps, on a 75% Ltv etc? Given up with Abbey although told them i shall go else where its just going to cost me my redempton penalty, but i can pay it £4650.....not that i want to as they are being so slow i have no choice.…
