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Remortgage with BIG potetial problem
Hi, I am after some advice, we are currently on a fixed deal with Accord Mortgages which ends in October. We have spoken to London & Country brokers who found us a 3 year fixed deal with ING Direct. We are in the process of getting the Mortgage offer (eg; house been valued, wage slips sent etc.) The payments will be less…
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Santander have searched my file three times
In the last day (I am applying for a mortgage) Each time it says "first mortgage" in the enquiry line. Why is this and will it hurt my score?
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Furness Building Society?
Just wondering if anybody has used these at all? Our mortgage advisor has suggested them to us & their rates are by far the best for our circumstances, but the rate almost seems too good to be true. Anybody know of or used them?
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The benefits of a mortgage broker?
Hello all, I have recently had an offer accepted on a property and the estate agents (your move) called us in to see that we can progress. They went ahead and set up a mortgage agreement in principle. We have a LTV of 52% and they were impressed to see 'fast track' on our application, apparantly only their 3rd this year. I…
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Maximum mortgage multiples
Hi I'm a little confused as to how to find the best mortgage. I'm looking at properties around £315k in London and have at least £34k for a deposit and more to cover stamp duty/fees. I have no outstanding debt (well £2,500 on a 0% card until Apr '12) My salary is around £77k and receive bonuses of 10% though I've only been…
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Referred For Further Checks Before Mortgage Application Can Be Completed
I obtained an agreement in principle from Halifax on Monday. I asked them to go ahead with the valuation of the property that I am interested in today and the mortgage advisor who am I dealing with said that the mortgage needs to be looked over by someone in head office and it'll take 3-4days for them to get back to him.…
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Aldermore
Hi, long story short, my and my partner are first time buyers, we tried to get a mortgage from a highstreet lender but as we bot have a default on our credit reports they said no. Now our mortgage advisor had put in an application to a company called Aldermore, I can't really find much about them on the net. Has anyone got…
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Payment holiday/interest rate change question
Hi Guys, I need some advice - I hope someone out there can help. We are 3 years into a 5 year interest only mortgage, fixed at 5.69%. We also have other debts that we are trying to clear because we had a business that failed during the recession (due to customers not paying). We are making headroads into these debts but I…
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We are suffering because our buyers mortgage has been retracted!
I don't know if anyone will have some sound advice for us. We are 2 working days from completing our house sale and the purchase of a new house when our buyers mortgage offer was retracted yesterday. We have signed legal contracts for the sale and now are looking to possibly lose our deposit and new house. How can this…
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Halifax Retirement Home Plan Closes To NB 17.8.11
Just to let advisers know Halifax RHP is being pulled from next Wednesday. Sure your BDMs/processing centre have already advised - but just in case they have missed you, thought it worth the heads up. H
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Found out name still on Deeds - What Next?
I hope that I am posting this on the correct forum, and if so can anyone out there help? I bought a house with my now estranged husband 13 years ago. 10 years ago we split up (not divorced as he is nowhere to be found). Circumstances of split were terrible I left house along with my daughter and have been living in private…
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Overpayments
Hello, I wonder if someone who is good with figures would be able to tell me how much I would reduce my mortgage term by, by making overpayments? My current mortgage balance is £161,340.03 with 20 years remaining at an interest rate of 2% which is SVR with Direct Line (RBS). My current repayment is £820.00 per month. If I…
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Accord rates - anyone with a crystal ball?
I have a fixed rate with Accord due to end early in 2012. They allow existing borrowers to ask for retention quotations up to 4 months ahead of the end date. Obviously, my thoughts are centered around what might happen to rates in those four months... should I ask for an offer soon or would it be worth waiting, in the hope…
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changing deeds from joint to single name
Please does anyone know the rough costs for changing the name on property title deeds from joint to single name? been given a quote of £400 from a solicitor. there is no mortgage on the property it is owned outright so no money changing hands
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Stuck in a mortgage
I am currently in a difficult situation. I bought a house together with my ex partner, however since the break up I left the house, and everything in it, and went off to start afresh. I am now in a position where I would like to purchase a house and require a mortgage, however I am wondering about the possibility of this…
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overpay or save? 2 years into 5 year fix
Hello, We are two years into a 5yr fixed contract (4.8%, 25 yr term). £280k remaining on mortgage, 400k value of property. We have about £20k cash saved up since we took the mortgage and can either overpay (up to 10% per year penalty free) or invest/save. No other debts. I know we will not get much return in savings, but I…
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Moving Abroad
Hi all, I am planning on moving to China later this year. I bought my house last December and have a variable mortgage with HSBC. I have two lodgers. I would like to get an additional person in and change their agreements to tenants. I am not sure how long I will be in China for... 1 -2 years. What things will I need to…
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To Fix or Not to Fix
Hi All This is a crystal ball kind of question I know but I am in the market for a mortgage. Given where the economy is I personally dont think base rates are going to rise much over the next 12months (if any). I was looking at fixing a mortgage for 5 years (YBS and Chelsea have some good deals) but given the above am I…
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Think I made the wrong choice?
Last week I made my first over payment of £2000 (yey!)... When I called Halifax they asked me if I wanted to reduce the term or monthly payments, I hadn't thought about this (didn't know they would ask), so in haste requested the monthly payment....what is the difference as I gather reducing the term would have been better…
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Mortgage application declined, how long before I should re apply?
Hi As we have moved to the svr I applied to remortgage our flat to a fixed rate about 3 weeks ago, however we got declined because of credit reasons. We both have good credit and never defaulted on any payments, had no loans or credit card debt. However about 2 weeks before the maortgage application I was accepted for a…
