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Abbey Mortgage
I have been advised by a broker that I should use Abbey due to my circumstances. I actually have no other choice due to income structure. There is a non refundable £1000 application fee and I have been told that they are very strict on their lending criteria. My broker said that she has recently seen mortgages get declined…
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Repossession-Incredible Arrears Due To Paragon
Hello everyone, I am currently involved in a legal fight with Paragon (National Home Loans) who are trying to repossess my home. In 1989 I was sold a mortgage that was not explained properly. I do believe that I was mis sold this mortgage. I borrowed £49,124 in 1989 and by April 2006, after paying approximately £60,000, I…
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Little confused with fixed rate mortgages and early repayment!?
Hi all, I have around 8 years left on my fixed rate mortgage, when the fixed rate term finishes so does my mortgage! I have the option now to pay the mortgage off early, I would incur a charge of around £1500 As my mortgage is fixed and i would be paying off the whole amount would it be beneficial in anyway to paying it…
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Best way to fund extension?
Hi everyone, This is my first post, but I've been looking on here for the past few months and have found everyone's posts and threads really helpfull, so thank you. I've just purchased my first home, i bought it for 10% less than than it's worth as I bought it off my landlord, he was eager for a quick sale. I'm looking…
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25 Year V 30 year mortgage length
Hi all Before speaking to the bank would it be an issue to get a mortgage over a 30 year period rather than 25. It would seem more logical as I am 22 so the lower payments would allow me a bit more freedom. With a back thought of inheritances coming through in the future anyway the chances are it would be paid off before…
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Tracker deal coming to an end
Hello We have a 2 year tracker with santander, I just wondered when this comes to an end do we automatically go to the variable rate? Also do you have to be recredit checked for this? I know it will be on my paper work but this is current being stored somewhere thanks in advance.
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Consent to let - how long does it last?
Hi all, Need a bit help to understand consent to let. We have 15 yrs left on our mortgage. Currently on 3.99% 5yr fixed Natwest mortgage, with 2yr left. If we get consent to let, once our 5 yrs fixed is finished in 2 yr time, mortgage goes back to SVR, could we still let it out with consent to let, or we have to get to Buy…
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Question about moving from Lender-A to Lender-B
Here's a scenario for you. Can anyone confirm if I understand the principle or not please.... Lets say I owe Lender-A 120K, but find that Lender-B can offer me a better rate, so I decide to leave Lender-A. But, Lender-A now wants to charge me an early repayment charge of 5K because I decided to go elsewhere (true I believe…
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Buying my second home
Hello! Looking for a bit of help. I bought my 1st home approx 4.5 years ago, Mortgage was £93,000 (this was with deposit of approx £20,000) I have approx £88,000 outstanding. I am now looking to sell and purchase another property. But unclear on how the 'next' mortgage will work, as I will not have anywhere near £20,000 to…
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Are credit cards likely to impact by borrowing capacity?
I'm a bit of a card tart, and me and DH have a number of credit cards. we use for different bonuses. We probably have around 5 each, DH probably has total limits around £15k and I actually dread to think what mine are in total. All cards have always been paid in full every month. Is this potential credit likely to impact…
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Mortgage advice for first time buyer with large down payment
Hi I am 33 years old and looking to buy my first house, I have just had an inheritance of £150000 and am looking into getting a mortgage of £100000 so I can buy a 2 bedroom semi detached house for around £250000 on the outskirts of North West London a but further out from where I currently live where the houses are…
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Mortgage Advice for first time buyer
Have a thought in mind. I just like to clarify something. If I was to be interested in getting a mortgage for a property that is part buy part rent would I be able to borrow slightly more than what my share is worth? I.e property value is 100k the purchase percentage that I buy is 25% and that I am eligible to take out a…
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Mortgage deal ending, financial situation worse
We are just starting a DMP and will be paying this for the next 5 years. Our current mortgage is with Leeds BS, after remortgaging through a broker to consolidate debts previously. However, our fixed rate deal ends next year and I know our credit score is now terrible. I know it will automatically revert to SVR (currently…
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The path to an improved credit file
Not sure this is the right place for this, but it is in connection with obtaining a mortgage. So, my credit rating is in the toilet but I am determined to turn it around over the next 6-12 months, so to have more doors open to me. I have the 3-point plan below to do that, but was wondering if anyone had any other pointers…
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Advice needed
Hi, I hope someone can advise. 5 years ago, when mortgages were so much easier to get, I was earning more and had a good credit score. We borrowed the max we could against the house for the longest term. Reality hit (very hard) 3 years later and I was made redundant. Struggled to find another job, found one paying 20%…
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Stamp Duty - Other options?
We are looking to buy my Mother in laws house (family home). It was valued last year at 300k but after online and local research I would say more realistically 270K. The house was mortgage free. The idea was eventually the property would be sold and split 3 ways for inheritance to my partner and my sister in law. The…
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Can I get a mortgage?
Hi all, Thought I'd post on here as you all helped a lot when I wanted to get debt free :) I got debt free around 2 months ago and now me and my partner are saving to buy a house. We will have saved up around 20k by Xmas next year. Now my partners credit is perfect whereas mine I had a default and a few late payments.…
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LTV calculation - using future property value
Hi I am keen to remortage my existing loan (or maybe look at a new lender) to make improvements to the property that it would be mortgaged onto. I am quite certain it would add value to the property (it will be a kitchen extension) - does anyone know if lenders will take the future value of the property after the…
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Adding loan to mortgage
Hi all I am looking to buy a house, but currently have around £10k left to pay on a personal loan. I have a 10% deposit for a house, is there anyway I could take an extra £10k out on the mortgage to pay for the loan, which would make life easier, and have less monthly outgoings? Thanks
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Remortgaging and Countrywide Conveyancing Services
I've read on this forum about the problems people have had/are having with Countrywide Conveyancing Services for buying and selling properties but I haven't found anything about problems with remortgaging. I'm applying for a fee free remortgage with HSBC and wonder if I'll have problems if I use Countrywide?
