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deposits on mortgages.
when you pay the deposit on the mortgage does it pay of a part of the loan? for example 10% deposit on a 100k home = 90k, so you are now paying interest on just that 90k? thanks zed
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Remortgage for equity release
I own a house with both my parents, who are 61 and 55 years of age. I am 33 and was wondering if we could lease some equity on the property to then use to purchase another property. The catch is, its ex housing association, so we only own 25% of it, which is worth approximately £260,000. The outstanding mortgage is…
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Sequence of mortgage events.
I have just put an offer in on a house and have an agreement in principle from the bank. However, the vendors have not found a new place to live yet and I am therefore stuck in their chain. At what point do I make an official mortgage application, as it could be a long time until they are ready to complete.
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mortgage broker lancashire
Hi - i am new to this! I need advice as to how to find a good mortgage broker - we live in Haslingden in Lancashire. Any ideas? :)
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£1100 cashback with Halifax Mortgages
Hello All My brother is in the process of buying his first house and rang me this morning informing me that Halifax are now offering £1100 on completion on their first time buyer mortgages. It seems to be two year fixed deals with a deposit of 25% or less so could really help people wanting to get on the ladder :)
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Libor fixing
As the LIBOR fixing scandal involves Mortgage and Loans rates, could I sue my provider for overpayments? Just a thought!
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Lloyds TSB Mortgage - unfair change to SVR
I was one of those who was caught by the unfair SVR - where they said that the "mortgage will never be more than 2% above base rate". After a fight, fortunately I managed to reclaim the extra interest they charged me when they decided to make it 3% above base rate. In the meantime I was so hacked off with them that I moved…
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Preparing for a mortgage
Hi there. Wondering if some of you can offer a bit of advice. Right now I have my wages come into one account, but all my bills go out of another. Lets say my wages come into my Santander Account, and all my bills come out of my HBOS account. Whenever I get paid each month, I just lift the lump sum which covers all my…
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Barclays/Woolwich - Mortgage Reserve being Withdrawn
Firstly, I am self employed. 6 or 7 years ago I took out an offset mortgage with The Woolwich which gave me a mortgage reserve. That reserve is now around £60-70,000. At the time, it was sold to me as being a way to have a buffer should I not be working at any point in time and need cash. For the last few years, my…
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Usefulness (or not) of AIPs
Been reading a lot on this forum recently and one of the biggest topics seems to be people applying for AIPs and being accepted, then getting turned down at full application. I understand the basic reasoning behind this (banks trying to "hook" customers combined with lack of credit scoring at AIP stage) but is there a…
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Endowment company
Good morning, has anyone had any dealings with ReAssure? (my policy has passed through several different companies ending up going to ReAssure from Barclays)
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1 month left on mortgage but £5000 owing?
I have a mortgage with the c&g with 4 different loans with vaqrious end dates. I split with my OH 4 years ago and although I am paying the full amount now ( together with a little extra to clear arrears) I have got arrears of about £14000. The b.s called me yeaterday as they contact me every 3 months to see if I can pay an…
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Mortgage Provider has undervalued property
Hi all, i have had a quick look for other posts like this but can't find anything, so i apologise if i'm repeating. My partner and i have been looking at buying my uncles house, he has had it valued by 2 estate agents and they have said it is worth £150k, we have agreed to buy it for £140k and applied for a mortgage in my…
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Remortgage Advice
We will move into the final year of our fixed mortgage in September and the penalty is down to 1% of mortgage so approx 2K. I currently have a 210k mortgage paying £1460 a month. I 'm looking to remortgage asap but need advice on whether to fix my mortgage or possibly move to an offset. Property is valued at approx…
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Porting - how does it work?
Im confused, please someone explain this to me in simple terms! We are selling our house - mortgage is with Santander and we have about £100,000 equity - loan is for £130,000 interest only. We will sell for about £220,000 if we are lucky.... Looking to relocate so i "assumed" I could just transfer ther mortgage for a house…
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Quick question re mortgage application
Me and my partner are currently struggling to save a deposit for a mortgage while paying nearly £900 per month rent, plus all the other regular household bills :( Our latest idea is to move into my mother in laws spare room for a few months. We should be able to save £2k per month and hopefully have our deposit in no time…
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Mortgages and tax credits
Hi, anyone know of any lenders that will take CTC into account? Looking to re-mortgage to buy out ex. Wanted to find out maximum I could be lent to cover the current mortgage and some unsecured debts plus what else I could raise to offer ex. Any advise gratefully received!
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Soft credit search for Mortgage Application
Hi i had a word with Halifax yesterday about a mortgage quote and they said they need to do a soft credit search to do that. I am a first time buyer and i am bit hesitant when it comes to my credit history. should i go for it?
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Repaying a mortgage while one half is living overseas
My sister and I are looking to get a mortgage on a flat together in London. She intends to stay long term at the property. I'm looking to live there for the first 6 to 9 months and then spend 4 - 6 months of the year overseas with contracting work before returning for a similar period and possibly going again. We have a…
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Advice on arrears c&g
Hi, please can you give me some advice? I have had a fixed rate mortgage with c&g for four years they got me in a desperate situation and the rate is ridiculous! I've been paying interest only and I have arrears of around 8,000 I've been paying them off £170 extra PCM but they aren't budging, the mortgage outstanding is…
