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Job change after C&G/Lloyds mortgage offer
Wondering if anyone has any experience of this - I'm an existing mortgage customer (since 2007), applied for mortgage, valuation done & offer received mid-April. However I am now changing job in 3 weeks' time - same profession (social work), same salary, but a lot less travelling, but will have 6 months probation. I…
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Post Office Mortgage
Hi, I applied for a Post Office Mortgage (3.95% 5 year fixed £995 fee) on Thursday and they have now lowered the rate to 3.69%, same fees. The Valuation fee has come out of my account. They haven't done anything with my application yet, so wondering will they let me avail of the lower rate? I will obviously phone them…
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advice on getting a mortgage on 20k a year
hello all, i am on 20k a year and am looking at buying a studio flat for 140k i currently have 11k in isa and could get 5k together if i needed to from my mum and dad or using credit cards but i would rather not do this. i am saving 900 a month at the moment. can anyone give me advice on getting this flat for 140k using…
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Very poor credit mortgage?
Hello, posting on my girlfriends profile, looking for advice. My ex wife and I bought a house seven years ago, thirty grand deposit. We split up six months later she left and I stayed in the house and made full mortgage payments. A year later when I met my gf my ex went ballistic that I had my gf over to stay and moved…
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Moving mortgage but bank account overdrawn UPDATE HELP PLS
Hi I know I probably won't get a definite answer to this but would welcome people's thoughts (or experiences if anyone has had any similar) on this situation. We are currently in the process of moving (hopefully) and all we are asking our lender to do is move our mortgage from one property to another (not asking to borrow…
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offset vs fixed mortgage - help pls!
Hi everyone, Id really appreciate if someone could give me some guidance on two mortgages im trying to decide on as i am due to remortgage with a goal of paying off the mortgage asap: 80k balance. Offset 3.49%, 5 years fixed on a 7 year term. 12k savings, and i plan to top it up with £500 each month and pay the balance off…
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Mortgage Advice Please
Hi there, I am now clear of my fixed rate deal and am looking to remortgage over 19 years. The house is in Aberdeen, is valued about 380k and 173k is outstanding. I earn about 47k and my wife about 26k. We have one loan of 7k. Anyone got any idea of the best deals going? Cheers.
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Confused got our mortgage but not what we asked for
We got a mortgage offer of 120k over 33 years at 2.9% fixed for 5 years. Found a house got the survey done then this morning got sent the mortgage agreement which is different! It's now 3.4% making it more expensive each month obviously. It says if we don't take the offer then we will have to pay the valuation which we got…
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Debt management and moving mortgages
Hello All Newbie Here so be gentle with me Im currently in a DMP with Greg Penn and am looking to change Mortgage Providers (NRAM) is it possible? how much of a fight will it be? is there only specific lenders i can use because of my DMP? All advice greatly received Stu
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bad credit mortgage advice
Hi I am now 2 and a half years debt free after selling my property to clear all defaults, inhibition etc I rent at the moment and it just feels like dead money I'm paying out every month so I'm keen to get back on the property market We would be looking for a mortgage for £138,000 and we have a £15k deposit. Total house…
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Mortgage application ground to halt - can I start another?
Any advice gratefully received. We are more than two months into the process of buying a house (and selling), and all the legalities (which were not straightforward) are almost sorted out, and we could very soon exchange contracts except .... we have still not had our mortgage offer confirmed by Santander. They have made…
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Halifax overpayments
I have just switched to a 2.69% deal for 2 years and want to make the most of it. The adviser told me I am able to make 10% overpayments each calendar year maximum. My question is, with Halifax is this 10% of the monthly mortgage payment (so £50 if it was £500) or 10% of the remaining balance of the mortgage? I presumed it…
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UK Mortgage for Brit living abroad
Hi, I'm a Brit living abroad and looking to buy a property in the UK. We have a few questions: 1) My partner is a first time buyer and I am not - we are buying jointly so how do we get around the stamp duty? 2) What sort of rates are applicable for National's living abroad - i.e.: are we restricted to specific…
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Can I avoid Early Redemption Penalty by overpaying now?
Can anyone please explain whether there is anyway to avoid ERP? My 2 yr fixed rate with Halifax ends on 30th September but my sale is likely to complete in mid-August. Is there any way of reducing the ERP seeing as I'll be within 2 months of the fixed-rate period? I was thinking if I repaid whatever amount would be the…
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Advice for benefits board post
Hi Guys, I asked a question regarding my sister-in-law which I received good advice. A poster post 8 BillAndJean commented on their friends situation which seems outrageous from the point of the small sums involved, and threats of action after 30days I think your advice would be appreciated…
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Setting date for completion
Hi all, My solicitor has emailed asking me to call him to discuss dates for exchange and completion. Am I right in thinking that if I pick a date close to the end of the month, my first mortgage payment will be less than if I complete early in the month, due to less interest having been accrued? My mortgage paperwork…
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How does HSBC treat BTL mortgage?
I am planning of converting my current flat to BTL and porting the current mortgage to a new house (need additional mortgage which if everything else satisfy HSBC criteria, they will be happy to provide 2 mortgage product on 1 property). My question would be if anyone know how HSBC treat BTL mortgage? How do they take that…
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Joint mortgage question
If for example there are 2 people who own a property need help from a close relative to get a mortgage, can they add a 3rd person to the title deed via transfer of equity so that 3rd person can get a joint mortgage with one of the original owners?
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Question on Buy To Let
Hi All I've got a question that I hope you can help me with. I apologise up front if it's stupid but I've been told no question is a silly question.....;) I'm planning on buying a new house and re-mortgaging my current property onto a BTL mortgage. So far, so easy... I'm on a great rate with my current mortgage on the…
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Thinking out loud...two residential mortgage?
Is it possible for us to get a second mortgage? We still have around 130k to pay on our existing mortgage, we estimate the value of our flat at around 200k. We are now looking to potentially buy another place (ideally a house) closer to work as it currently takes my partner 3 hours a day to travel to and back from work. We…
