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Remortgage help - worried
Hello all, I have had my head in the sand in regards to my current financial situation but it has now come to a point where I really need to evaluate things. I am due to remortgage in Feb/March next year when our 2 year fixed rate of 5.98% will come to an end. We purchased the house for £210k and had a 90% mortgage. We…
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mortgage woe
:( Hi where to start my mortgage is due to finish i have interest only i have a short fall of 30 000 though i have overpayed when ive had extra cash we are 66 and 68 lived in the house 28 year never missed my mortgage intelligent finance have let us have extra 3 year which is nearly up they say my husbands age is over…
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Should I change my mortgage?
I have a fixed 10 yr mortgage at 4.9 % interest with about 5 yrs left. Part of my mortgage i have to pay into a shares/ bonds and the rest is just interest. Should i change the shares/bonds part of my mortgage into a savings mortgage? And what does that mean exactly? Thanks for any advice.
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Halifax fixed rate up in Nov what to do
Hi, Thankfully our fixed rate (6.9%) mortgage is up with the Halifax at the end of Nov and we're wondering what to do now. I was made redundant earlier this year so our income has vastly reduced. Luckily my redundancy paid the mortgage for the past few months and will do up until the fixed rate ends but we're wondering…
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Mortgage going wrong
Remortgaging my house with Skipton bs, everything was going fine n dandy until the valuation :( I had valued my own house at 175,000 which was on the high side but when i got the phone call to say my mortgage had been declined because they valued my house at 160,00 i was initially shocked then my heart sunk! That bought me…
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Buy to let mortgage
I'm a 21 year old guy and I've been lucky enough to gain £20,000 from a family investment. I have however been told this is only to be spent on a property. I was thinking of maybe buying to let? Any advice or critiscism welcome guys. Thanks, Dave
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Please advise: two people, joint purchase, port mortgage, deposit from buy to let??
Hi, I am so very confused, and would appreciate your help/advice on options and if we can do what we would like to do. EDITED Person 1 Homeowner Property Value = £600k Current Mortgage with Bank ABC = £145k Mortgage would be subject to exit fees, so wants to "port" mortgage. Salary £70k Person 2 Homeowner Property Value =…
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Remortgage of an encumbered property - please help
Hi, I'd be grateful if anyone could give me advice please.:) My husband and I are a second marriage. We each owned a property. I have sold my property and have the proceeds from that. My husband has been trying to sell his property for 5 years now, but with no luck. We would love to buy a new joint property together soon.…
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Capital raising on uncumbered property to pay off debts.
Afternoon, I wonder if anyone can help me - I am trying to assist my mom with financial matters following the death of my dad. The situation is: · When dad died his insurance paid off the existing mortgage, so mom owns the house outright (worth ~£150k if I'm being pessimistic). · She has debts of £42k of which £30k is an…
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Mortgage overpayments after fixed-term period
Hi, I'm trying to select an appropriate 2-5 year fixed rate mortgage. Most of them allow overpayments of up 10% of the outstanding balance per year without incurring any charges. Does anyone know if the limit typically applies only during the promotional (fixed term period) and I will be able to overpay more later? Many…
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Buy to let
Hi Does anyone know of any good 5 year fixed rate buy to let deals (75% LTV) out there at the moment? Thanks
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Buying Parents House
Hello all, I'm hoping you can help. My parents are moving out of there current house and have offered the house to me at a reduced price compared to what it's been valued at. I like the house and the area so it's a great chance to step on to the property ladder. However, what I'm confused about is do I need a mortgage? Can…
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Joint mortgage Hell
Help!!! Just trying to find out if i can possibly take my name off a joint mortgage but leave it on the deeds so i still have part ownership of the property. I would still pay the mortgage but just throught my ex partner i would give her the money to pay the mortgage, as she has my children and i cant force her to sell and…
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Mortgage on Low Income
A friend of mine is looking for a mortgage but he only earns £10,000 per year. I have just looked on money super market and it seems most lenders have a minimum income of £15k pa. Are there any that will lend on a salary of 10k? Its for a 40k house.
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Mortgage for mother
Hi all, My mum is 55 and is currently going through a divorce settlement with my father. She is self employed and probably earns £9k a year My father at the moment pays all her bills, and the mortgage on her current house. When the divorce is finalised, the existing home will need to be put on the market, and once it…
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Releasing Equity
Morning! Naive question perhaps. I have two mortgages, BTL and Residential both at 75% LTV@ 100,000. They are only 6-12 months in. Would I be able to release equity in one of these properties to put towards a deposit for another? Would my lender allow me to remortgage so soon? Cheers
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First time buyer
Hello, me and my partner are trying to get a mortgage. We are both working and earn a combined salary of approx £50k. We are trying to buy a house which has a value of £120k and we have a 10-15% deposit and are ready to go. Majority of the high street lenders do not seem to want to have anything to do with us and the only…
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Terming Cash Back after completion properly?
Hello everyone, Im am about to purchase a house and have found a huge saving per month on the varying amount of deposits with the same lender. I have £15000 as a deposit which would equate too: £135,000 Agreed Sale Value £15,000 deposit equals 11.11% Deposit £120,000 Balance £779.61 per month at 6.14% If I tip the deposit…
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RBS offset ... savings in joint names, mortgage in one
Hi all I wonder if anyone could help with this. My partner's mortgage is with RBS and he is thinking of switching it to an offset mortgage when it comes to the end of its fixed term in a few weeks. We both live in the property, but he owns it and the mortgage is solely in his name. He has some savings which could be put…
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Mortgage options for property development business
I'm tempted with the thought of developing properties to create some income. I have a deposit but would like a mortgage that doesn't penalise me for buying, developing and reselling within a year. Another option would be to release equity from my current house but I assume this will still hold similar charges. How do…
