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I need to borrow £30,000
I an looking to purchase another house costing approx £80,000 . I have a house going for auction in November but I have seen a house I would like on the market now .It is owned by the bank so they may not wait until I have my other house sold . I have £50,000 in saving and a residential mortgage for £49,000 on the house I…
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Move from Halifax SVR
Hi there our mortgage recently converted to Halifax SVR after our 5 year fixed deal ended. This has resulted in a saving of around £90pm. My question is whether its possible to save any more money. All of the fixed rates look a lot higher than the SVR and whilst the base rate remains low it isnt likely to go up to the rate…
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Do I sell, wait or let? Any advise please
Hi, I've had my mortgage for just over 2 years, my house was valued at 60k when bought and currently have £39k outstanding. The house was bought on right to buy and I know I have to wait a set number of years before selling. The plan was to sell after 5 years due to out growing this house but I was thinking about moving…
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No money to pay interest only mortgage
My mortgage is due for to be paid in 30 months (when I am 55) and is with Acenden after initially being with a sub prime lender. When I took out the interest only mortgage I was intending retiring at 55 which coincided with the end date agreed. However I asked at the time that if I were to retire at 60 what would happen. I…
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First time buyers
I would really like to buy a house but have a ccj from 4 years ago. I was wondering if there anyone could point me in the direction of a mortgage company who could lend 90% mortgage, I also have a reletive who is willing to be a guarantor for me as well. all help would be muchly appreciated
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New HSBC FTB Mortgage any good?
Is this new first time buyer mortgage from HSBC any good? The article writer seems to think so. The fee-free arrangement looks very attractive: http://www.guardian.co.uk/money/2012/aug/31/hsbc-first-time-buyer-mortgage?newsfeed=true Personally I like the idea of knowing exactly what we are going to be paying for the next…
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Savings advice for potential 2014 first time buyer
Hi - this is my second message on MoneySavingExpert, I'm currently self-employed, with an income of £35,000 for 2011/12, and a projected £45,000 for this and next tax year. We would like to buy a flat on a mortgage shortly after April 2014, when I'll have three full years of tax records. It's impossible to say, but I'm…
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Evidence of deposit required?
Hi all I have seen a few threads on here regarding mortgage deposits. Myself and my partner are saving up for a deposit. We are looking to start the buying process around June next year with a 10% deposit, though may look a bit sooner if there are any bargains around and the 95% options with Natiowide are at a survivable…
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AIP - please explain
We're about to start looking for our first home together and I'm a bit confused about the first stage. We're looking to view properties at probably £90k and I want to make an appointment with a financial advisor. Do they get an AIP for the maximum amount you can borrow, or the amount of the property you think you want to…
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Do i pay off lump sum and pay a penalty
Hi all, My name is chris and im 26 and have been living in my new house for one year.My current situation is that i have recieved 30k from a share plan and would like to pay the sum off my mortgage. I have a fixed rate mortgage plan with 2 years remaining that is over 19 years. I currently owe 78K. Due to having two year…
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mortgages for self employed/company owners?
My husband and i are looking into buying house, i know we need to make an appointment with an adviser but before we do i wondered if anyone had any clue what to expect as we are not sure at all if we would be offered a mortgage in our situation. We started up a company about 2.5 years ago for the first year we were self…
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Apply for HSBC mortgage while on maternity?
Hi All, We just got our offer accepted :j over the moon for the new house. Found a great life time tracker with HSBC (2.19%+BoE). We have 40% deposit and the monthly mortgage payment worked out is 1/3 of our joint-income, normal circumstance, it shouldn't have problem applying for HSBC mortgage. However one thing I am not…
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Post Office Mortgage
I am in the process of selling my property and I am two years into a five year fixed rate mortgage with the Post Office. I would like to go onto the new mortgage offered by the Post Office as it has a lower fixed rate. Is there any way to go onto this mortgage without incurring a repayment penalty of 5% of the remaining…
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Miss Sold Mortgage?
Hi, I’ve been aware of the whole reclaiming bandwagon for a while and largely ignored it, mostly because I don’t understand it! But I have recently been having problems with my mortgage company and when googling them, I came up with a lot of reviews from people who have basically called them cowboys and they are in various…
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New Buyer advice?
Hi Everyone! Basically, I am in my final year of nursing so will be getting my first job next Julyish time, at which point my boyfriend and I are looking at buying our first home together! Were starting to save now and hopefully going to get some help off my parents when they receive an inheritence. However there is one…
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Nat West mortgages
Does anyone have have the name and e-mail address of a senior exec at Nat West Home Loans to whom we could direct serious issues please. We have been dealing with fairly junior staff and their managers for months now and getting nowhere - every so often they admit to their error and pay £50 compo (£150 paid so far :D ) but…
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Moving home with CCCJ's
Hope someone can point me in the right direction. I bought my house with my ex husband, 18 years ago with the help of a mortgage from Yorkshire Bank. Anyways long story short, we broke up and i had to remortgage the house in just my name taking a bit extra money for doing the house up. Switched to Halifax bank and once…
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'Good' credit rating - individual mortgage application
Hi I really hope someone here can help me, I am literally sitting here in bits with panic I own a shared ownership property with my now ex partner, we have both agreed that it is more affordable for me to stay at the property which will result in buying him out. I have spoken with Nationwide who have explained that I will…
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Another Bad Credit Mortgage Question
Hi All, I know this question get asked over and over but reading through a lot of similar posts on the subject the answers all seem to be diffeerent based on personal circumstances (rightly too). Thanks to MSE and a Payplan DMP I finally managed to clear all of my debts with full and final settlements back in Nov 2010.…
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Borrowing extra on residential mortgage to pay off rental one
I rent out a property with a mortgage (in my name only) currently at a rate of 2.5%, which is shortly to become 4%. I also have a mortgage (with partner) on our residential property at a rate of 1.49%, held for the past 6 years. Neither mortgage is on a 'deal', just the BMR(?), and we can pay off any amount on either at…
