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first time buyer advice
some of these questions might seem silly but here goes... my husband and i have been together for 10years, married for 6months :D we are saving as much as possible to buy our first house so far got 3K saved. we have been renting a house for 5years at £400/month never missing a payment. do banks look favourably at this?…
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deleted as answer found
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What to do?
Hi all, I'm after a little advice from people in the know. My circumstances are as follows. We have a mortgage on a two bed house, but have just had a baby (my third child now) and therefore need to move to a bigger property asap. The house is worth about £80,000 in my opinion, and the mortgage balance is 71,000. I've been…
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remortgaging when income dropped?
we've been offered the chance to remortgage for 5yrs fixed at 4.09% and only £125 fees by our current lender before march 15th (our current deal expires in june) but there are cheaper deals out there, one is 5yr fixed for only 3.19% from nottingham bs but comes with a fee of 1750. This isn't a big deal on its own as we'd…
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5 year fixed at 4.19 or 10 year fixed 4.99
I'm 31. I'm buying my 1st property.ive got a 25% deposit. im not sure what the next 10 years hold for me or what i'll be doing but very likely i will need a mortgage! both are portable. yes, there are penalties on both but worst case scenario if i ever dont need the mortgage (unlikely) I will pay off the penalty if absol…
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had a mortgage with A&L for 9 years.....how do i go about changing provider?
sorry for such a long winded title ................. i have 2 mortgages (one taken out as first time buyer, another to 'top up' so we could move to a bigger house) with A&L. At the moment, they have just come out of their fixed terms and we are currently paying 4.99% on one part (around £30k) and 1.99% on the other (around…
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Can someone explain mortgage overpayments to me?
We currently have a mortgage with nationwide for the following:- £82,000 - fixed rate 4.2% which will come to the next month and go down to the BMR which is currently at 2.5% (2% over the base rate). The monthly payment on this is £414.24 We also have extra borrowing of £13,000 which is currently at 5.9%. This is for 3…
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svr or fixed?
Hi, I am re-mortgaging my flat at the moment. I have an offer from HSBC for a SVR variable mortgage and an offer from my present lender for a fixed rate product. The variable rate product percent is 3.84% and the fixed rate product is 5.19%. Both are for two years. But it says the costs for comparison are 4.0% and 6.0% APR…
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Mortgage Advice. Navy Personelle. No fixed address.
Hi guys, Sorry for this being my first post! Well my boyfriend is looking to buy our first house. I have a poor credit background, so have agreed that he would apply and I would be named in the deeds. The thing we're currently finding hard is he technically has no fixed address. He lives on a Naval base at accomodation…
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Reducing mortgage payments whilst on maternity
Hi, I hope someone can offer some advice on any similar situations. In June I will be taking maternity leave for 6 months, and will only receive statutory payments. This will be a massive drop for hubbie & I since I earn about double his salary. I want to plan in advance for this in terms of coming to some agreement with…
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Mortgage brokers - advice please
Hi, here's the score. My credit history is shot due to some tough times at the end of 17 years of self employment. Now well ensconced in a new job, 16 months. I have four defaults, no ccj's but one charging order at my current address. I do have bundles of equity, so the charging order will be satisfied out of the sale…
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change of solicitors
Hi all I have had to change solicitors for my mortgage ap (ftb). They have the letters and change form but there are manual checks. what would these be??? ta.
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Mortgages for a discharged bankrupt
Hello not sure if i should post in the Bankruptcy threads. Just some advice really. How long after discharge should I wait to even attempt a mortgage application and are there any lenders out there I should try first. Its not for this year as I am in my second year as a discharged bankrupt and I after promotion at work I…
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Old and need a small mortgage
My parents have found a retirement property that suits them and they want to buy it. They've got most of the cash, but they're short a bit. So they're thinking of getting a small mortgage (either on their current home, that they fully own, or on the retirement property). They'd repay it when they sell their current home.…
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Mortgage brokers
Hi I was looking to move to a fixed 2 year deal with my current provider. I have a low LTV so have been offered their lowest % rate quoted on their website. No fees. A colleague at work is in the same situation, but has a high LTV. She called her mortgage broker and he quoted her a better % than the one stated on the…
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Porting mortgage
We are about to drop from a fixed 5.79% to the svr of about 2.5%(Hurrah!!). We intend to do some overpaying as our endowment is promising quite a shortfall!! We are able to port our mortgage, but if we move, can we stay on the low svr or will we have to move to the higher one?Its with C&G.
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Availability of Expat Mortgages
I am currently based in Australia and have been for the past 12 months on a temporary business visa. I own a mortgaged property in the UK which is mortgaged by SPML [Acenden]. The fixed rate period expired in 2009 and has been on a libor-tracked variable rate since then. There is about 10% LTV in the property. My current…
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Letting my mortgaged home
If all goes to plan I should soon be leaving these shores for three years and I'm currently planning to let my home while I'm away. Does anybody know of a mortgage product/provider that would allow me to let the property without switching to buy-to-let? Alternatively, does anyone have an authoritative view on the drawbacks…
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Mortgage promise and salary query!
Hi guys! This is my first post on this site (although before ever making a decision in life I refer to here!) I am a first time buyer looking to buy my first flat by myself and have been given a mortgage promise from Halifax which is surprisingly 'over' what my broker quoted me from them a while back... My question is to…
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First time remortgage help needed
Hi, looking for a bit of advice please, currently on a Northern Rock Interest Only mortgage on its SVR paying £325/mth with £86000 mortgage and 21 years left. Currently paying an extra £350/mth into ISAs to try and build up the £86000. No idea on value of house as never had it valued since we moved in back in 2003 when we…
