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Benefit to shorter term mortgages over overpayments on a longer term one?
Apologies if this has been asked before I’m about to remortgage, and thanks to a pay rise I can pay quite a bit more off each month, so I’ve been considering reducing the term of my mortgage. Then I started wondering if the sensible thing is to keep the term as long as possible (say 35 years) and just make over payments…
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Remortgaging after a relationship breakdown
I hope someone can help me work through the confusing minefield I find myself in at the moment. I also hope I can explain my situation without boring you all to sleep. I split with my childrens father 4 years ago and have been re-paying the mortgage on my own since this date. However when my ex partner left he also left a…
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MPPI - How's it work in a joint mortgage?
Hi All, I'm taking out my first mortgage with me wife to be and I'm a little confused about MPPI and how it works. I've read the helpful article on here and have done and online quote with justclick4cover. com. Firstly, it says benefit required. I assume this is the amount I would like to cover. My mortgage would be £730 a…
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Remortgaging with existing lender
I have read so much about high fees and various rates lately and have not seen this mentioned. We have this week remortgaged at 3.19 % at a fee of £40 as an existing client. We also asked for a seven day window when we will pay 5.75% so that we an make a capital repayment, having just reached 60 and had a small pension…
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Nationwide save to buy account
Hi, Have been recommended by nationwide to open a save to buy account, wondered what you all think of this account? We have £10k to put straight in and can put in a minimum of £100 per week in. Usually this will be more. My husband is self employed with 2 businesses which nationwide said is fine, I get an income of £100…
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Help to buy - new homes mortgage helpline -beware!!!
Hi All, Having viewed some of the posts on here lately, I really wish I had checked out the forum and read about these cowboys long ago! We found a beautiful new-build home through a well-known developer and, as first time buyers, they strongly recommended we speak to the New Homes Mortgage Helpline. We were amazed at the…
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IS the MSE expert morgage calulator (how much can I borrow too conservative?)
I've just been made permenant (finally) and have been making tenative steps towards getting a mortgage. Anyway the MSE calulator suggests me and my fiance can borrow 145000-162000. (I earn 32000, partner 26000). Now every bank website I have been on that has a similar tool has suggested much more, the highest 245,000, most…
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Do I pay the financial adviser for sorting mortgage
Quick question. We pulled out of a house process, we had an independent financial adviser get the mortgage approval. However, as the purchase is not going ahead do we still pay her. I would want to pay her once we have sorted a house not before, the mortgage is valid for 6 months only, please help! Thanks Missy
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First time buyer
Hi, My wife and I are looking to buy a house next to my mothers and in a couple of months help her to buy her house using the "Right To Buy Scheme". Both houses could do with some modernisation and our plan was to use some of the equity in my mothers house to borrow against that house to complete the work on both houses.…
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re mortgage help
Hi i hope i am posting this in the right area, currently owe £135k and house worth around £165k husband and I were hoping to borrow around £20k to extend house however after being informed you can only borrow 85% of house value this means we can only borrow extra £5k is this right? if so"£5k can get us a conservatory we…
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Deal ending soon, renew by phone or branch?
Hello guys... A mortgage deal ending 10th June with Nationwide. What is the best way to discuss a new deal? Calling bank mortgage number? Or take an appointment at thier local branch? What is the best choice?
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Re-mortgage advice needed, starting new job
Hi all, I really need some advice as unsure what to do. I've been with Britannia for my mortgage for many years now, never missed a payment and I have a very good employment history. I went to Britannia to enquire about additional lending for home improvements. I wanted another £20000. At present I have £75000 in equity.…
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Spanish Mortgages
Can anyone recommened a bank or building society offering Spanish Mortgages at this time? I am struggling at the moment! Thanks, Andy.
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One building / two properties - mortgage advice
Hi, The building I live in was at one time one big house but some time ago was split into two flats (ground floor and first floor), which have separate front doors and house numbers. I live in the first floor flat and another tenant rents the ground floor one. Both flats are owned by the same person. The two flats are…
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Do I get a loan if I'm hoping to buy soon??!!!
Hi all, My husband worked until very recently as a driving instructor, and we have used his car for the past few years as our only car, however the franchise is very expensive. We are due to have our first baby in the next 6 weeks and he has just found a full time job with a guarenteed income and some stability for the…
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Is this right?
Hi My partner owns his home outright and we are buying another home together. He wants to rent his house out and release around 40% of the equity in his home to pay towards the new house. His bank have said this is not possible. We thought that they would let him re-mortgage on a buy to let basis? Is there another way…
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Mortgages for Contractors
Hi, I am looking for some advise. I am an IT contractor, I have been for the last 6 years or so. I am looking to be accepted for a mortgage. Each lender/broker I speak to seems to offer a different reason to not to lend... its becoming very frustrating. To provide the full picture. I would be looking to provide a 15%…
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Compensation fo mis-sold mortgage Isa
My husband & I previously had Stock & Shares ISas to cover an interest only mortgage and I recently had a phone call from a claims management company letting me know that I could claim compensation for ISA mis-selling either from banks or your financial advisor. Does anyone know anything about this?
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Opt for Nationwide solicitor with mortgage ?
The nationwide mortgage I am proceeding with includes free 'standard legal fees' or £250 cashback. The explanation of what this covers is as below : 'Nationwide will provide a solicitor from its own panel and will pay the basic fee for the legal work involved in a standard property purchase and any additional legal fee if…
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Some advice... Nationwide Mortgage
Hi, Any advice would be appreciated... We have an exisiting mortgage with Nationwide and are looking to move house but stay with them. We've had an offer accepted on the new house, and have sold... any ideas on how long it will take to sort the mortgage? i'm hoping quite quicky as we're an exisiting customer! We're about…
