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Should I stay or should I go?
I currently have a repayment mortgage of £130K and an interest only additional mortgage of £50K. The repayment mort rate is a tracker @ BOE+0.95% for the term of the mortgage and the IO rate is on a discounted standard variable rate of 1.8% below SVR (ending Aug 2012). Both are with Alliance & Leicester We are considering…
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renegotiating house price prior to exchange for first time buyers... opinions wanted
Hi Guys, My partner and I are in the process of purchasing our first flat. Everything was going great and we received the contracts (which we have not signed yet) and then we received a copy of the lease. There were a few points on the lease that we flagged up with our solicitors. Before I go into those details this is the…
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Will new mortgage application ruin existing offer & affect my credit?
Hi all, I am a FTB and have recently had my offer accepted on a property and I have had a few mortgage offers, one with a broker which i didnt go through with, one with halifax that i didnt pursue either and one with RBS which was a better deal than other two at 6.39% 5yr fixed. I have had the RBS application accepted and…
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Advice for getting a mortgage - First time buyer
Is it easier to apply for a mortgage as a single man, or to include my wife who does not bring in an income as she looks after our son? My concern is that if a mortgage company sees that I have two dependants then they might refuse a mortgage.
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Can I pay a Chunk off of my mortgage?
I am looking at moving house in the next couple of months and to do this I will need to extend my mortgage by £60k which is not a problem and the building society have agreed to this. I would probably get this additional borrowing on a 2 year fixed and my mortgage is with the Nationwide. My question is can I pay a chunk…
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Extra Mortgage for Loft Extention
Hi All I had a mortgage with the portman which was taken over by the Nationwide when the fixed tern of the original deal ended - about 2 years ago. We used this as an opportunity to take about £15k extra to do some work on the house but theis was done as a seperate mortagage on a variable rate that runs along side the new…
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Adverse credit due to frequent address changes
I have been turned down for a mortgage due to adverse credit scoring. I have checked my report on Experian (which the lender uses) and there are no bad debts, late payments etc. The only problem appears to be that I have frequently changed address over the last 3 years for various reasons including getting divorced. Is…
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Sole Trader Accounts help??
Hi As a sole trader do I need to produce audited accounts when applying for a mortgage or can I produce accounts that I have made up myself and 3 years tax return slips? Thanks Stuart
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Change from Repayment to Interest Only Mortgage
I will be going on maternity leave in a couple of months time and this will result in a reduction in salary, firstly by half and then onto SMP. In order to try and make life a bit easier during this time i was thinking of changing my mortgage from repayment to interest only for the 9 months maternity period. Once i return…
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buying a second property
hi, i am looking to rent my house out and buy another to live in. i have a mortgage of £118000 which costs £700/month (have just fixed for 5 years at 4.15) and my house is valued at approx £200000. i also own 50% of another property which is rented. my plan is to sell the 50% for around £70000 to use as a deposit for the…
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Mortgage advice
Hi wondering if someone could help.... We currently have a mortgage on our home with Northern Rock which is an interest only mortgage, it's on a flexible tracker rate (which is currently at 1%) the tracker is for 25 years. The mortgage is for £84,000 our home is worth £350,000. We are looking at purchasing another house…
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Remortgage from NR to Halifax?
Hi - looking for some advice as I am getting really bogged down in all the comparison sites!! I have a mortgage with NR - owe them £36K with 6 year till the end of mortgage. House is worth about £120K. I have been making overpayments of £600 for about a year. My fixed rate came to an end a couple of months ago and I am now…
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Can someone advise me please
Hi all We currently have a mortgage with Britannia BS we originally took out 10 yr fixed rate, it finishes in May this year. they have contacted us asking if we would like to go in and speak to someone about renewing the mortgage, I think we may be in trouble though. When we originally took it out we were both in full time…
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nationwide building society
i have a mortgage with the nationwide. it is currently a repayment mortgage but i want to change it to interest only for about 6 months. i phoned them and asked them and they point blank refused to do it !! has anyone else come across this problem ? are they allowed to do it ?? does anyone have any suggestions as to how i…
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Job description on application form
I have worked for the same employer for 15+ years and within the last few years have been made a director (albeit a very junior one). My day to day role is as office manager. Is there any problem with me putting "Office Manager" on the mortgage application? Is it likely to be seen as being untruthful? If I put "director",…
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what is a first mortgage?
What is a first mortgage and how is it different from a "normal" mortgage?
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Please help me decide between tracker mortgage and fixed rate
My current 2 yr 5.44% fixed rate mortgage is due to finish in May but my lender has offered me the option of changing now with no early repayment fees. The two best deals with no fees attached seem to be a 2 yr tracker at 2.49% above base rate i.e. currently 2.99% or a 2 yr fixed at 3.89%. Both will bring my monthly…
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Aviva with profits Endowment 12yrs to run - stay or go?
Help! We are 13 yrs into a 25yr endowment which was set up to cover 61k our mortgage. We went repayment some years ago when the red letters appeared but maintained our monthly endowment premiums. 96.20. as a kind of savings plan. Our last surrender value at the end of last year was quoted at 11,343. We reckon it may be…
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Mortgage advise
I was wondering if any one could give me some advise. We currently have our mortgage with Skipton & are looking to downsize. The problem we have is that we have a big penalty for coming out of or reducing our mortgage, but it does need to be done as we now only have one wage coming in. This penalty & the drop in value of…
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Paying off the mortgage or Taking Offset Mortgage
I have a fixed rate mortage £70,000 with bank Natwest currently. The fixed term is ending in May. I've also managed to get saving £70,000 recently. I wonder whether it is a good idea to pay off the mortage, or just take an offset mortage with Natwest again? To take the offset mortgage, I may have to pay arrangement fee…
