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remortgagin - what are the legal fees?
Hi all, I am a first time remortgager - I bought my home 2 years ago and took out a fixed rate deal which ends at end of June. I would like to remortgage to an HSBC fees free tracker. I am just wondering whether it's necessary to have a solicitor to facilitate the transfer of money from HSBC to my current lender? Or is it…
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Buy to Let Mortgage What are my rights
I have been told by First Trust that my BTL mortgage deal will switch from interest only to repayment. Details are as follows: Term: 300 months. Interest Only 60 months. Repayment (capital and interest) 240 months. 1.25% above the Bank's Base Rate for the term of the mortgage. I was 46 yrs old when I took out the mortgage.…
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Help with our mortgage please...
thankyou for your help
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Thoughts on Mortgage quandry
Hello. Quite a complex situation but would really value your thoughts. our house is worth £210,000. Our total Mortgage provided by Britannia Building Society is - £89,000. For Info I also have £30,000 in savings However our mortgage has 2 sub accounts - part 1 - base rate tracker of +0.75%(rate is currenty 1.25%) owing…
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Would my income be taken into account?
Hi, we will be looking to purchase our first home in approximately 6 months by which time we expect to have saved a 20,000 deposit. We have 3 children and no debts other than my student loan. My husband is employed and earns 40,000 per annum I have been self employed since Aug 2009. I transfer 1500 per month into our…
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Query over remortgage fees with same lender.
Hi All I am going through a remortgage process at the minute and am planning to stay with my current lender. Because I am staying with the same lender I am querying two fees which they are charging me. They are as follows: 1. £799 which is a booking fee (a set amount which can be paid on completion or can be added onto the…
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Which mortgage for refurbishing house?
I have paid off the mortgage on my own home and 18 months ago inherited a flat and a house both in need of a major overhaul. I refurbished the flat with my own savings and have rented it out. Now I need to borrow £40K in order to do the same with the house. I’m not sure which mortgage I should be asking for re-mortgage or…
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Are these costs right??
Just wanted to check what u guys thought about these fees, cos everyone keeps telling me contradictory things and I don't want to be paying more than I should! I am having a valuation & Home Buyers Report done by Natwest (my mortgage provider) for £451. The solicitor is charging me £900 for conveyancing, searches plus her…
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Fixed rate coming to end, whats the best option?
Hi, Firstly thanks everyone for reading and in advance for your help. Our 2 year fixed rate deal of 3.69% with First Active is just coming to an end. The mortgage rate will revert to 2.79% (2.29 over BOE Base rate) and will track for the life of the mortgage with no fees. The mortgage balance is £146k with estimated…
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Helping parents with their mortgage/debt?
Hi, I hope that you can give me some advice please. My parents are struggling to pay their mortgage and although my sister and I have offered to help with these payments other circumstances mean that we would like to find a more long term solution, that helps with the debt and also allows my parents to move closer to where…
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Agent asking for proof of deposit and mortgage offer?
Apologies in advance if this is a stupid question. Just wondering if anyone can help clarify something for me - my partner and I have had a mortgage agreed, and have made an offer on a property we'd like to buy. When I called the agent to put forward our offer, he said that he had to advise me that if an offer were to be…
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Fixed or Tracker
Hi all, we are currently at the stage of buying a new house. I'm looking for a mortgage and cannot decide weither to go with a 2 yr fixed rate at 4.79 or a tracker which is a good rate at 2.49 it tracks at 1.99 above the base rate. I know that it is likely at some point this year there will be a rate increase but is it…
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Late payment advice
Hi I have a mortgage with a friend who is now self employed. My share of the monthly amount is paid by standing order into my friends account a couple of days prior to the mortgage direct debit. As this friend is self employed now they make cash payments into their account on a regular basis as far I'm aware however in the…
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Need mortgage help,because of a stupid friend!
Hi all need some help and advice, This could take a while. My friend who I share a mortgage with has recently moved out (6 months ago) and is now living with, and marrying a woman 10 years older than himself with a child whom he's known for seven months.yes its true! So we've now agreed to sell the house. My friend no…
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Mortgage Puzzle
Ok- this is my situation and its little complex but if anyone has any advice, I'd be very grateful. I have owned a house with my husband for 4 years. We have been separated for a while but we aren't divorced and he now lives in NZ. We bought our 3 bed house at the height of the property market for much more than it is…
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Selling house with mortgage arrears
I missed the latest mortgage payment - about 15 days ago. I am selling the house, the arrangements have started about week, Ive instructed a solicitor, deeds requested, initial payments made. Survey has been done by buyer and mortgage approved, things are progressing nicely. As straight forward we've been told likely to…
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Buy-to-let Mortgage and Family Members
Hi, if a buy-to-let property was let out on a non-commercial let, say parents letting it out to their daughter, whereby making no profit on the property. If the intention - letting to a family member - was brought earlier to the attention of the Conveyancing Solicitor who reminded the borrowers that this would be against…
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Not Suitable Security - What can we do?
We are currently trying to re-mortgage our ex-local in south london and got stuck. The property and block are in excellent condition and there is a track record of sales. However a ING did a survey via Legal And General and they came back with "not suitable security". Is this is a sign of a some wider problem or just…
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Do I need to "improve" my creditworthiness?
I'm in the fortunate position of being mortgage free with no other debts. I have three credit cards which I use most months and pay off in full (DD so I don't accidentally miss any payments). I currently have no income while studying for a Masters degree so I'm living off my savings. When I come to look for a job there's a…
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Santander Send Agent with wrong information.Compensation offered
Hi everyone if this is in the wrong place please move it. I had a field/Home visit from a Santander agent who informed me that i was £3000 (approx) in arrears and he needed to arrange an appointment with myself and my wife to discuss a plan to sort things out.I explained to him that this was a complete shock to me,as my…
