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Fixed rate increases?
Our fixed rate is up at the end of this month with Halifax & they have offered us another fixed rate @ 6.19% & a £999 product charge. But if we just leave it we will go on to variable rate of 3.5%. I do like been on a fixed rate just for the knowledge of knowing how much is going out each month. But now I am in the dilemma…
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Mortgage Rates scaremongering?
Hi Just looking for advice on whether i should move from a Variable rate (BR+2%=2.5%) to a fixed anytime soon - what with all the talk on the news recently about base rate potentially going up by 2% by end of the year. Thing is, my current lender (Nationwide) from what i see on their site dont have great fixed deals -…
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Transfer of equity/change of ownership
Hi I'm currently in the process of re mortgaging but want to take the new mortgage solely on my own, my ex hubby is still on my current mortgage but he's agreed to come off and transfer the equity to me (we have a private arrangement) we have been divorced for 2 yrs and are tennents in common at present. After searching…
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Mortgages for freelancers
Hi I was wondering of anyone had any idea of how, as a freelancer, I would go about getting a mortgage. I've read about what to do if self employed, but that's not really the case for me. I get work through recruitment consultants who place me. I'm then paid by these recruitment companies, through PAYE, so I receive a…
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HSBC Mortgage Discounts
Hi I currently have a mortgage with HSBC, do they offer small rate discounts for patrons holding a current account with them. I remember them saying when I took the mortgage out 3 yrs ago that by opening a current account I would get a 0.2% rate discount but don't know if this is still the case. Thanks Planemad
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Worried About Not Paying Full Mortgage Payment. :-(
Hi everyone, I hope someone can offer us some advice? Since my partner's clothing online business has all but collapsed, we have been struggling to make ends meet. We are lucky to have a low mortgage of around £250 per month (over the next 7+ years), however due to the business failing we have been only able to pay £100…
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Mortgage broker advice
Hi all, I went to an IFA this moprning to arrange a detailed fact finding session, which will hopefully lead on to being to place an offer on a house. The this session lasts about 2-3 hours (he said) and would be free. He is whole of the market, but charges a £100 fee, payable when the first mortgage application goes in.…
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Renting without changing mortgage
I am going to rent out my house, can I do this without changing my mortgage to a buy to let? Do I need to inform my bank who I have the mortgage with. TIA
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bank statments and husbands wages paid into my account
We are hoping to get mortgage at the end of the year. It will be in my husbands name only as I have just gone self employed. People have been saying they need 3 months bank statements, but his wages get paid into my account. Will this matter? The only thing going into his account is the child benefit. Will it matter I have…
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Transfer of Equity
Until recently I was living overseas which meant that when I needed to buy a property to return to, I wasn't able to get a mortgage. My son bought the house (on my behalf), I provided the deposit and he took out a mortgage which I have been paying. I should like to be added to the mortgage so that I am in more control of…
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best lenders for consent to let
We are doing a remortgage on our house that we currently live in, and we think we might buy a new house and let this out sometime in the next 12 months. Which lenders are the best for giving consent to let with minimum fuss and fees? Thanks
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Mortgage application - Credit score
The wife & I are currently looking to buy a new house with a new mortgage which we need to apply for. Out current circumstances are that my daughter has just turned 1 and my wife has been off work since the daughter was born. My wife was made redundant just before going on Maternity (don't worry it was all above board) and…
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New mortgage
Hi Can anyone let me know what mortgage companies class as income now? I am a working, single parent and my salary is £15 858 however taking into account things such as child maintenance, tax credits etc my actual gross household income is greater than this. Will the mortgage lenders take this into consideration? I have a…
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remortage and transfer of equity
Hi, Just after some more advice please. I have been living with my partner for a few years in her house which she has a mortgage on. We now want to put my name on the mortgage and pay it off jointly. I understand she needs to do a "transfer of equity". Her current mortgage is due to end at the end of April with santander…
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MSE News: Offset mortgage costs are down but are they best?
This is the discussion thread for the following MSE News Story: "The drop has prompted some experts to say they are an option for homeowners who want a decent savings rate ..." Read the full story: Offset mortgage costs are down but are they best?
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Bank Statement - Mortgages
Hi, I was just wondering what mortgage lenders use bank statements for? Will they query any outgoings? I currently lodge but use my mothers address for basically everything (and I'm registered on the electoral register there (i did think my landlord had registered me at the lodgings but he hasn't)). So the only evidence of…
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Complications with Selling our Home - Help Please
Hi, We are in the process of selling our house. We have had an offer and accepted it at 87K - 3K under the asking price. When the buyer had shown interest our estate agents said he was fully funded for the application of buying the house. The lender has come round from Halifax and completed a survey on our house and valued…
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Remortgage and maternity leave
Hi all I'm a regular visitor here as a "lurker" and haven't posted much but I've got lots of very useful advice in the past from reading the forum posts so I'm hoping you can help me with this query. I bought my own little house in July of last year with a 10% deposit (mortgage: 2 year, 4.99% fixed rate) my aim is to…
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Family mortgage
I am currently a student and will be doing a masters degree next year (1 yr). I will be moving to another city (my home city) and need a place to live. My dad wants to buy a property for me to live in but have my name on the mortgage as well with the eventual aim of me buying him out when I am earning enough. I will not be…
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Fixed or Variable Rate? Future Predictions please
I was wondering if someone could offer some advice with regard to our mortgage. We are about to move house after selling and needing to re-mortgage. I would prefer to take a fixed mortgage, so that I know what is going out every month. After briefly speaking to the bank we have been offered the following options:* 2 years…
