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switching mortgage providers and avoiding EPCs
Hello experts! I have a question I am hoping for some advice on. I have a fixed rate mortgage (5.6%) that is ending in october. I did want to re-mortgage when the interest rates dropped but my early repayment charge is 5k and I didn't want to incur those fees. I have heard that some mortgage providers will pay your epc if…
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Broker and Valuation fee advice
Hello First Time buyer here, I decide to speak to a mortgage broker who processed based on an offer I had made on a property. They filled in a form giving details of my salary etc and the deposit amount (20%) with a 125k property value. This was accepted by Skipton and a prinicple offer was made, this included a credit…
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is it possible to convert a buy to let mortgage back to residential?
Would it be possible to take a house on with a buy to let mortgage, let it out, but at a later date (eg few years) move into it youself? Would lenders be opposed to this? How would you convert the mortgage from BTL to residntial? Is there a name for this (wondered if this is "let to buy", or maybe that's something…
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Second Charge
Hi My uncle had a second charge taken out on his house in 1983. The charge was for £8000 which at that time amounted to app 30% of the house value. Now we are contemplating selling the house, does repayment of the second charge relate to the house value or is it on an interest basis?
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Help - seeing mortgage advisor
Please can someone help me understand some bits..... Our position. I have a house that i have a mortgage on that i will rent as not worth selling so i wont be part of the mortgage process..... we are having our second child and need more space. My other half has a house that he owns out right worth approx £145k and has…
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Borrowing more to meet the affordability criteria
My fixed rate with RBS is about to come to an end so I contacted them to see what offers they had. I also wanted to borrow a little bit more for some home improvements. Once we had established our income and outstanding credit the adviser told me that I would need to pay off one of our two debts (car, £6000 to Santander or…
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Endowment Loss - End of the Line?
I think I just have to accept my loss but thought I'd have one last try to see if anyone has any ideas for me! I have a Standard Life Low cost endowment policy is due to mature in May this year. target amount of £27,500. The guaranteed value is around £17K with a bonus around 7%. Although the mortgage was paid off when I…
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First Direct Offset, can they choose to limit your borrowing back?
Hi there, We have a FD Offset and are paying it off quite aggressively, we ideally want to be MF in the next couple of years. :) I know that it makes no odds if your money sits in your savings or in the mortgage account itself but there is something psychologically nice about seeing it directly reducing the mortgage…
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Offset mortgages
Hi Guys A bit about my situation. A first time buyer looking to get a mortgage of £130,000 for a property valued at £190,000. It will be a joint mortgage with my wife. I earn £36.5K a year and she earns £27K. We have about £140K in savings but only looking to put down £60K as a deposit (not wanting to put all our eggs in…
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Over paying my mortgage?
I have a mortgage of £155000, with about 16 years left to pay. Currently we are paying £1050 per month on a fixed term. I would like to try and pay this off in the next ten years or earlier if possible and would like any advice on how to do this and a rough idea how much extra per month I would need to pay? Any help much…
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Barrets Head Start Mortgage ( Negative equity )
Hi I would greatly appreciate if any one can throw any light on a problem my daughter has urgently? My daughter and her boyfriend bought a flat on Barrets head start program over two years ago and have since split, my daughter remains in the flat with her daughter but has to leave pretty soon, as the mortgage on her own is…
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Fees for IFA advice..please simplify.
Like most this time of year we're looking to make savings where possible and of course seek the best products for the cheapest prices,best suited to us as a family. Just been on unbiased.co.uk seeking a local whole of market IFA who can advise us on standard areas like retirement planning,PHI/Life cover/mortgage/mortgage…
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Raising a deposit
Hi I am FTB and looking to buy a house and need to raise a deposit, I have an overdraft can I use that to pay a majority of it, can this be done or is that fraud? As I know your not allowed to take loans out or use credit cards, isnt this the same thing? ?? Very confused. Ive been told u get credit checked 48 hours before…
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mortgage rentention? how does it work
im currently buying my first house and have just had my mortgage offer thru'. now they have offered it with a mortgage retention off £2000. they have given me six months to carry out some works to the property. now what i need to know is that if i stump up the extra money, do i have to have the works done in that time if i…
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what comes after fixed mortgage runs out?
Hi there, 1. I am a little confused. I'm about to apply for a mortgage and I gather it's the best to try and get a 5 year fixed mortgage at the moment as the interest rates are very low. Is this right? 2. Also, when I compare various fixed mortgage deals they all also state the lender's standard variable rate to which the…
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Credit checking and surname
Hi I am having a bit of an issue trying to check my credit My name is in this format (fake name of course) Ricardo Lopez Villa Where Lopez is my first surname and Villa my second, my problem is that one online firm doesnt accept the "Lopez Villa" format, the other doesnt give any reason but rejects my application. Any IT…
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Interest Only Mortgages
Hi guys, I'm taking extra borrowing out on my mortgage and will be looking at 180k over 22 years. I know I am going to gain a guaranteed 6 figure sum of money in 13-18 years (dependent on when I decide to retire) and am looking to keep costs down for the next 2 years until my youngest is in school and I can save the 400…
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Frustrated mortgage applicant.
Hi Hust wanted some advice please, due to not very good credit history, and a very long term relantionship split, i would like to buy my ex out of there share, they are being flexible in the amount they want, but my question is this???? I applied for a mortgage via my broker and was offered the mortgage, i paid for a…
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Which credit reference agencies are used by lenders?
Hi Can someone please help me. I have an above average credit rating on Callcredit and Experian but a below average credit rating on Equifax (in fact a bad credit rating from Equifax :mad:) I want to get a mortgage so how can I find out which banks and building societies use Callcredit and Experian to credit check me.…
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Can my mortgage move with me?
Hi I'm looking at a new home, for around the same value as the home i already own. I do not need to add more to my mortgage, so want to keep the same mortgage for the same amount of money Is it as easy as adviseing the mortgage company of a change of address with a bit of paperwork or would i need to go though the whole…
