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lifetime mortgage
Hello there, i want to know if it is possible to do a lifetime mortgage or similar if there is a mortgage on the property? thanks
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Two joint mortgages
Hi all, I currently have a joint mortgage on a flat with my friend but am looking at buying somewhere else with my girlfiend. Having trouble selling the flat at the moment so am considering renting it out. Would this have a detrimental affect on my ability to get another mortgage with my girlfriend? Depending on rental…
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mortgage broker v DIY
My question is, are you more likely to secure a mortgage if you use a broker? I have approached an advisor but I am unsure whether to proceed with their service and have to pay £450 or contact the banks myself. I am putting an offer on a house tomorrow and have already (myself) got a MIP from a high street bank. I am…
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possible to sell with arrears?
maybe a dumb question but is it possible to sell home and buy another when you have arrears and negative equity, even part ex or other ways? we have a growing family and a home too small. We pay off part arrears every month but are a long way off clearing them. thanks
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Easy to Switch Away from a Lifetime Tracker?
If you get a lifetime tracker, is it that difficult to switch away from it into a different mortgage? Trackers seem to represent good value at the moment, but at let's say BoE + 2.3%, they could get expensive in future. So, can you usually switch away from the tracker (within the same company) at any time? I know it's a…
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Building a Loft Conversion with a Persimmon HomeBuy Direct scheme
Hi, 3.5 years ago we bought a Persimmon new build property on a ftb scheme where we pay 75% of the cost of the house and Persimmon 'pay' the other 25%. We then have to repay the 25% when we sell or within 10 years. (Note: Persimmon's share is 25% of the value of the house at the time of selling). My question is this: if I…
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Mortgage set-up fees
We are due to pay off our mortgage at the end of the year, but would like to move house in 3-5 years time. Should we pay off completely then shop around for a new mortgage and associated costs, or keep a little 'ticking over' to avoid set-up fees by just extending the mortgage when we move? My limited research suggests a…
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FTB - mortgages
Hi Long time lurking but never needed to post until now. Myself and my girlfriend are looking to buy our first property. Im in a position where my mum is giving me a large (£100k) deposit, and we have seen a house for £160k that we want to buy. We have some debts totaling around £25k between the two of us that we plan to…
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Help! Worried about mortgage offer being withdrawn
I am currently about to buy my 1st house, and have a written mortgage offer. Later this week, I will be signing my contract. I have just found out today that I missed a payment on my credit card, as I made it 2 days too early the previous month in error (therefore i made 2 payments in 1 month). I have rang the credit card…
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Lifetime Tracker?
Hi looking for some advice on remortgaing. I have came to the end of my fixed rate with Egg but the SVR is the same as the fix 5.29% so I should probably remortgage quickly but I'm not sure what to do. I was considering some 3 or 5 yr fixes which are all better than I have but nothing special so I wondered if applying for…
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Mortgage retention expired?
I have an outstanding 1000 retention on my mortgage account which is three years old. The retention was for roof repairs which never got done within the six month period. The mortgage company have never mentioned it since. I have recently had a new roof on the property. My question is can I now approach the mort co. for…
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Help damsal in distress
Hi Some sound advice please guy's. I have a sml mortgage at mo around 19k and need to buy out my ex ( still living together but getting uncomfotable now) i do not a very good credit history and have been to a broker that has got me a mortgage for 99k, but it is with G E Money, now my question is this : Has any body had any…
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Mortgage Advice Help!
Hello everyone, I would like to ask advice from some of the clever people on this forum. I am in a rather confusing situation, but would like to ask for some advice, to make it all a little more clear. Me and my girlfriend are looking to move out into our first home. We are relatively rushed to do so, due to family…
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fixing
ok i have a flat my only current place. its worth 130000-140000ish with a 86000 (maybe a little less) mortgage. sometime i would like the idea of letting out and buying another place. that aside. im thinking or fixing. i noticed you have to pay around 150 (maybe higher) for a re-revaluation and 199 fee to stick with same…
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Keeping a joint mortgage when OH leaves but hes getting into debt!
Hi, I wonder if anyone could me advice please. I have a joint mortgage with £10k equity, also have a loan in my name that was for joint debts for £10k. My partner has left and has agreed to sign over equity to me and I will keep the loan on. My solicitor is currently drafting the agreement. Now I cannot sign him off the…
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Mortgage rejected by HSBC, bother with FirstDirect? Others?
Hi, I recently applied for a HSBC zero fee mortgage and got rejected based on HSBC's policy that people like me (researchers) on continuous fixed term contracts don't qualify for their mortgage products unless the contract has been renewed several times already. This of course makes life rather difficult given that I only…
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Equity release
hi guys,,i have a hose morgage finishes in about 7 years,,i have at the moment £50,000 of profit on my house,,Can i borrow equity release,,do I need to pay it back,,or does it just come of profit when I sell house etc or when I die,,It is for building a dowwnstairs wet room,I have MS and this would help a lot ,,ty for you…
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To fix or not to fix...
Hi, We are trying to get some stability into monthly finances, after a bit of a black period we have a few things to do. 1. EDF have a fixed price until March 2014 which will cost about £43 more than we currently consume, as I can't see how fuel prices will not comfortably exceed that in the next 34 months I'll sign for…
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What Do You Do When Your Joint Policy Holder Goes Missing?
I took out a joint endowment in 1993 with Allied Dunbar with my ex-partner who disappeared shortly afterwards. I have been paying the monthly installments on my own until I recently decided to stop paying and informed Zurich who had since taken over Allied Dunbar. I also informed them that I wish to close the endowment. I…
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Credit Expert
Hey guys I wasn't sure where to ask this but as i'm checking to see how my credit is for getting a mortgage i thought here might be ok! How accurate is Credit Expert for checking your own credit rating? Am i seeing what a company would see when they do a credit check? Many thanks
