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Guarantor??? Getting other finance???
Hi all, I'm in the process of taking the mortgage in my name but there is a possibility of needing a guarantor. would this prevent the guarantor from future finance if they are tied into my mortgage if NRam accepted this application? Your help would be greatly appreciated.
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Refused mortgage application
Hi all I have just applied for a new mortgage (moving lender) and have been refused. Reason being is I changed credit card late last year and during the change I have messed up on the old credit dard by leaving a balance of £28 and cancelled the direct debit, then I thought my new credit card had been set up on the new…
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Advice needed on insurance cover
Dear MSEs, I am in the process of applying for a mortgage, what is your advice in terms of going for critically illness cover or income protection insurance. I have no dependants so I guess I don't need life cover. Thank you All
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overdrafts and mortgage applications
hi - anyone had any experience with applying for mortgages if you have been into your unauth overdraft quite a few times? we have excellet credit rating and have not missed any payments, just made overpayments
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Advice on Halifax Mortgage
I like many others have noticed that Halifax are raising their standard variable rate from 1 May 2012. Upto about 12 months ago I was on a three year tracker at 0.99% above base rate, which at the time was a good deal. When the deal came to an end I went onto the 3.49% SVR and since then have done nothing about switching…
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Mortagage for temporary worker
Hi, I was wondering if anyone new of a mortgage lender that would be willing toconsider a borrower that was on a temporary contract with work. I am in the fortune position that I had a good deposit (50k) and although Iam a temporary worker I have been contracted at the same company for over 2yrs. However when I spoke to my…
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2 or 5 years fix with 90% LTV
Can fix at 2 years at 4.79% and 5 years at 4.89% with the currect SVR at 3.79% I think that fixing for 5 years would probably be better as i) the rates are almost certainly not going to go down ii) If they rise, it will probably be in increments of 0.5% so just one rise is going to take you significantly closer to the…
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First Time Buyer & My heads Spinning
Hi everyone, I am a first time buyer. Ive just had an offer accepted on a property. I have a whole of market broker who is fee free. They come recommended from a few different people that are not connected. Should I be going to more than one broker? Is there anywhere I can see if what they offer is a good deal? Im a bit of…
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BTL Mortgage - Do you need to own another property?
Hi Just a quick question really. We have a house which is currently on consent to let as we've moved away from the area and are unable to sell at present. We're paying down the mortgage as quickly as possible and hope to achieve 70% LTV by this time next year and then if the market hasn't picked up are considering…
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Switching From Interest Only to Repayment Mortgage
My lender (Mortgage Express) has written to me saying they are going to change my mortgage from interest only to repayment in approx. 5 months time. Can they do this? We do have a repayment plan, but switching to repayment at the moment would be a complete nightmare. I can obviously go elsewhere, but the interest rate…
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MSE News: Will lenders follow the Halifax and RBS mortgage rate hikes?
This is the discussion thread for the following MSE News Story: "As one million+ borrowers face rate jumps, what chances other lenders following the Halifax and RBS rises? ..." Read the full story: Will lenders follow the Halifax and RBS mortgage rate hikes?
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Finding a whole of market mortgage advisor
Hello again. Based on the advice given on this forum I have been trying to source a ‘whole or market’ mortgage advisor based in Essex (Chelmsford). I don’t really know where to look to find one so I searched on Google and found a couple of providers which I have emailed. If there is a main source for finding a good…
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Borrowing on my mortgage
Hi all...first time I've posted here so a little unsure but have been a fan of Mr Lewis for many years so here goes... I have a flexible mortgage with a very competitive 1.25% annual interest rate and about £25K of available funds that I can draw down without any hassle. I currently owe £54K and am paying back £850 per…
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Can a mortgage lender withdraw their offer before completion/after ex of contracts?
Hi, My partner and I have had a formal offer from the Halifax for a new build which we have accepted. We visited the solicitors and signed all the mortgage documents, contracts with the house builder etc of which we were told had officially exchanged last Friday. :j My wife wants to buy some new sofas on an interest free…
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Fixed term jobs and mortgages?
I was wondering how fixed term contracts are viewed by lenders these days? I have worked for my employer since 2001, however I was made redundant last summer, was unemployed for a month then started a different job with the same employer. My current post has a year's funding left. I have a 5 yr fixed term mortgage with…
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Should I fix for 2yrs or 5years? :)
Hi Guys My current mortgage deal runs out end of this month so would appreciate some advise :) , current lender has offered: 2yr tracker: 2.49 above base, current rate would be 2.99, £799 fee, works out at £926 month with fee added 2yr fixed: 3.15, £799 fee, £935 a month with fee included 5yr fixed: 4.09, £990 month with…
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SVRs going up?
I am coming to the end of my tracker with Nat Counties BS. I have a choice of going to new tracker BoE +2.69% ( 3 yrs) or discount on SVR(5 yrs, 4.69- 1.7% discount). I favour the discount. My only concern is that the SVR is changed without any change in Base rate. Their SVR is higher than Halifax (4.69 vs 3.5%) so i would…
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Permission to Let?
I’ll be applying for permission to let from Nationwide very soon and was hoping for some advice on how they base their YES/No decisions? For example; do they look at equity in the property? do they look at rental income vs mortgage payments? Etc…. FYI – I’m on the Nationwide BMR 2.5%, and have had the mortgage since 2006.…
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Endowment saving with life insurance
I have 3 endowment saving policies with life insurance connected but these are not connected to our mortgage. I have been told that i could claim on these policies with a reason that there were more suitable products on the market at the time and the fact that I didn't need life insurance cover as my work covers me for 4…
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overpay mortgage 2.49% V saving 3.1%
I have just taken on a 2.49% tracker mortgage. Repayment per month is £460. I will continue to overpay by £540 unless it makes better sense to pay this additonal funds into a savings account. I have seen that Santander are doing a 3.1% savings a/c with a bonus of 2.6% at 12 months. I dont understand how negative interest…
