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Remortgage agreed but two questions:
I have a property worth about £200k and a mortgage of £160k. Have been with Topaz but with a lot of sorting my credit out over the last 4 years, I can go with Santander Fxed 2 year 3.49% - happy with that. The broker has just informed me they have a fee of £750 whch I can add to the mortgage, can I ask a fee free broker to…
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Re-mortgaging: when do I start looking?
Just trying to get a head start on the new year. Our fixed rate interest only mortgage is up in October and we want to move to a repayment but not necessarily with our current lender. We have a hefty early repayment clause so got to stick with current lender till October. When should we start looking around and finding out…
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Adverse Credit Mortgage Advice Required
Greetings all...:j My partner and I are currently looking into moving house and would appreciate some advice on where is best to go and what to do next. We own 50% (£65,000) of our 2 bed flat at £130,000 total value and are currently with (Preferred Mortgages / Capstone / Acenden) and our rate is 3.64%. Unfortunately we do…
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Mortgage overpayment question
Can't quite work this out if anybody could give me a definitive answer. I am currently overpaying and continuing to pay the same amount. Just recently as i have moved onto Nationwides bmr there is no limit to overpayment amounts. To put it simply for calculation purposes, If my current payment was £500 and i paid £1000…
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Minefield of mortgage options 30k gurantor?
So we have been told about a mortgage where you can secure up to £30,000 against a family home. basically a family member will secure 30k and be your gurantor. Does anyone have any information on these, i.e the criteria that is needed to obtain them? i think it was connells who advertised this but im unsure if you have to…
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Remartgage - notify older children
It has been sometime since I remortgaged but was very surprised when the Britannia said that to complete my new mortgage I would have to notify my son (over 18) that the house was mortgaged! I have never heard of this before and when I questioned it I was told it was a legal requirement. What??? Apparently he has…
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is nationwide a pile of poo
hello there lovely peeps does anyone have any advice we have been in fincial difficulty for some time and have never missed a mortgage payment, we had moved down to essex and rented our house out in the midlands but the tenants stopped paying us rent so we fell behind with payments plus my partner lost his job we managed…
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Broker for complicated case.
I've often seen it said on here, not to use a broker who justs ticks boxes. What questions should I ask, to find one who's more open minded? Also if the answer is "by trial and error", are the initial meetings free of charge? BTW, I've read the pinned guide so understand whole of market etc.
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House Purchase Funding, what would you do?
I am buying a 2nd home for £150k I have flexible mortgage on current home paid off completely with interest rate of 1.5% above base Also have a set of funds in a wealth management portfolio with £150k available Funds look dire at the moment. They are spread to minimise risk but are 2k down on beginning of month. Instinct…
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Mortgage Protection Plan - is it worth it?
I have been paying into a mortgage protection plan (£8.86 per month) since getting my own mortgage a few months ago after separating from my husband. The mortgage is provided by St. James's Place, the company that brokered my mortgage, and it seemed a good idea at the time, as I have 2 children and the company said the…
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problems with existing mortgage and ex partners name on deeds
Any advice on this welcome. My partner and his ex bought a house 7 years ago. The relationship ended 6 years ago. At the time he put in the bulk of the money and she put in £8000 which has been repaid to her. Her name remains on the mortgage as the mortgage was granted on their combined incomes at the time. He alone has…
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Flexible Mortgage - bank gave incorrect advice
Hi, I apologise if this is in the wrong place, as a first time poster, not sure where to post. :o Wanted advice as to what to do re: mortgage. Hubby and I took out mortgage in June with sa*%ander. We took flexible offset mortgage as were informed we could change terms any time with no penalties, whenever we want. Eg if…
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Renewing with smaller mortgage
I have 1 year left on my current fix, but have the offer of having early repayment charges waived if I move before the end of the fix. As my property value will very likely be less than in 2007, if I change my mortgage provider I'd like to apply for a smaller mortgage than my current balance (making up the difference with…
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First Plus home secured loan hell
Please can someone give me useful advice.................... In feb 2008 i took out a home secured loan through First Plus, of £25,000, over 25 years in my maiden name against a property that only i own. I have since got married and we are selling my house and buying a bigger property in both our names. I do not want to…
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Best Option for Equity Release
Hi, Asking for advice on best way to release equity on a small cottage i have in yorkshire which currently has a tenant in and which i own outright. I had it valued at £80,000 and would like approx £35-40,000 to build an extension on our new tiny house which we have just moved in to. I did have it up for sale but after 6…
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Please can you help with mortgage costing?
In April 2009 I took out a 330,000 mortgage with Woowich fixed at 4.39% for 3 years. The mortgage was split £180,000 repayment, £150,000 interest only. I have made a few overpayments and the balance now stands at £309,000. When the fixed rate finishes i will go on to half a point over base. Please could you calculate what…
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Would it be possible to port? All advice appreciated!
Hi everyone, Before I speak to lender about porting, I would really like some advice on whether it is even worth it or they are likely to tell us to go away! The long and short of it is, our circumstances have drastically changed since we bought our house and we really need to relocate. We bought with a 100% mortgage,…
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is there any way round the Natwest's policy of basing mortgage on older of a couple ?
We have a mortgage with the Natwest. It runs out on my OH's 70th birthday in Feb, but it's a joint mortgage and I am a year younger than he is. They want us to have wound up mortgage and repaid them the remaining amount by Feb, but I won't be 70 for another year so why can't they extend it till I am 70 ? They say they…
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First Time Buyer?
Hi all, New to the site, so please forgive me if this subject has been posted before. I had a mortgage over 6 years ago, i've been renting since, would I now qualify as a first time buyer? Many thanks.
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What would you suggest? Fix to Lifetime tracker
I need some help and advice please. I have been round in circles deciding what to do regarding my current mortgage. Currently with Santander on a 5.79 fix that ends May 2013. I am the sole earner (48k a year) and our joint account is straining to be honest with us using savings every month above our outgoings. I bottled a…
