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porting/ adding to a mortgage ?
hi all, im sure someone on here will know about porting ect. we have had mortgage nearly 6 years with nationwide, in that time had gotten into quite some debt (stupidly) however it is all under control now, and being paid off monthly. the time has come where we have to move to a 3 bed house. But with our poor credit score…
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Halifax mortgage statement
I recently had my annual mortgage statement and it says that 2100 will be added as annua interest at the end of Jan. If this is the case the interest is added at the end of Jan, then why are my monthly mortgage payments of 850 only taking 200 off the capital
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Stuck what to do about mortgage situation ?
Hi , i am wanting any advice as to my situation , it is quite an open query so anything will be gratefully received. I have a mortgage with Halifax , i am on standard variable rate now after coming off a fixed term period a few months ago. In my head i would LIKE to plan to move from my current 2 bed terraced but…
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Mortgage ratios available?
Hi all, I'm currently looking o a martgage on my first home, I'm lookin at two bed house go for around 140,000 in my area. I'm 23 and I currently earn around 29k, have no children and no credit or finance of any kind. Problem I'm having is that I can only seem to get a mortgage for 3.5 times salary, which will leave me…
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Mortgaging one house to buy another
Just sort of thinking aloud here so please don’t jump on me for being stupid… I’ve seen a house which needs very substantial work and would not be mortgageable; I am thinking round whether it would be possible to buy this and do it up, but would need to raise some money… I own a house which is mortgage-free, and if I could…
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Remortgaging with the same lender
Hi there I seem to be getting conflicting advice and would appreciate any help you guys could offer... I am about to get a mortgage with my partner, probably with either Barclays or INGdirect. We are both self employed and have relied on some help from my partner's father. We want to pick the the best deal possible but…
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Solicitors Copy of Mortgage Offer
Hi, My husband and I have had our mortgage offer sent in the post. During the application with our broker I said that we would pay off all of our unsecured debt upon completion of our house sale and purchase. There is no mention of this condition anywhere in our mortgage offer. Will our solicitors copy of the mortgage…
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Partial Remortgage - Endowment reached target value for part of it
Hi Bit of a complicated one but I'd appreciate any advice anyone can offer. Our mortgage is currently £35K interest only and about £12K repayment. Our endowment policy has reached the £35K target value although it won't mature until May 2013 with a projected surplus of about £9K. This is only because I have paid extra into…
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Student Mortgage
Hi, I'm a 18 year old student currently weighing up my possibilities for accommodation next year. One option that has been put on the table is joint buying a house with some friends. We are looking at 4 bedroom houses valued between £100,000 and £140,000 brought by either 2 or 3 people. Just got a few questions if I may.…
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First time buyer, what would you do
Hi all It has come to that time in my life when me and my partner are ready to move in to our first house. We have found a house we like and have put in an offer on the house, we also have a mortgage promise from NR. I have been saving up for the past 5 years and have managed to save up £35,000 for a house, but I'm not…
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1st Time Buyer
Hi, just looking for some advice on my current situation, Firstly me and my girlfriend were looking at the government scheme on a new build as the offer of 5% deposit was suited to our situation, We then had advice of a family member about the pitfalls etc and as he was able to put is in contact with a director at a house…
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Advice required on offset mortgage
Hi, We recently sold our property, and are currently looking for new one. We sold our property for £212k, and when we redeemed our mortgage the outstanding balance was £121k over 18 years. We have paid/put aside £8k for solicitor fees for sale and eventually our new purchase. Aside from this we have approx £37k in savings,…
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Repossession???.... please help
Hi, Am looking for any advice anyone can offer me about what to do next!. Basically, my OH lost his job last week as the firm went into liquidation. It happened a day before pay day so he also didn't get his monthly salary - consequently we could not pay this months mortgage payment. He has just been awarded JSA and today…
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Owe £1 on mortgage Building society have retained a charge on the property
Hi, I have paid of my mortgage and the building society credited back £1 to my account so I would not have to hold the deeds. They have written to say they will retain a charge on the property until the account is paid off. What does this actually mean, and what are the implications. Thanks Nick
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Parent Equity Release / BTL / Remortgage?
Hi Everyone, My mum would like to help me get onto the property ladder. She has £100k in equity in her house, and we would like to know the best way to release some of that for a deposit for me of up to £35k. What options are there of achieving this? A homeowner loan secured against her property, or a BTL mortgage on the…
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When to remortgage
I am coming to the end of my fixed rate deal. The fixed rate ends at the end of April 2012 (there is an big early redemption fee before this). Is it too early to start applying for the remortgage now? Or should I wait until nearer the time (if so how long before)? I am thinking of remortgaging to First Direct if that makes…
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gifted deposit?
While im currently house hunting ive noticed there are still vendors offering 5% towards deposit(private not new builds). reading a few posts on here i get the impression that mortgage lenders no longer accept this...if not how will this work?will it just be 5% off the asking price or 5% back on completion, plus if this is…
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New mortgage, 3rd time lucky!
Hello all Ive been in a position to get my first mortgage twice before but various things have prevented me from going ahead and buying something. Ive also asked these questions before but as my situation is different, I thought i'd try and get a new view on things. So after losing my job a few years ago, I was out of work…
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First Time buyer advice needed
Hi all It has come to that time in my life when me and my partner are ready to move in to our first house. We have found a house we like and have put in an offer on the house, we also have a mortgage promise from NR. I have been saving up for the past 5 years and have managed to save up £35,000 for a house, but I'm not…
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Mortgage Misery
Hi everyone, this is my first post so im really sorry if i have put it in the wrong place. I have a big problem with my mortgage. I have recently come out of a fixed mortgage with Northern Rock. The mortgage is a repayment only mortgage and when i took it out i was not advised to take out an endowment or similar to help…
