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Mortgage default - error rather than lack of funds
Three years ago my boyfriend & me split up, we had two houses, he took one and I took the other. At the time of the split we couldn't afford to take the mortgages on on our own so left them as joint. So he has been paying for one and I've been paying the other. I've decided to sell mine, which is through well and no…
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Historical SVRs vs. bank rate
Since the differences between tracker rates and the base rate are now relatively high (especially for offsets!), I'm now wondering how SVRs have historically compared to interest rates when rates have been much higher. For example, in the 70s and 80s when the base rate pushed 20% briefly, how did SVRs compare? I assume…
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Lender valuation vs. London property market inflation?
Being a bit dim, I've only just realised that the "V" in "LTV" really does mean value as in valuation, and not purchase price. So now as an FTB, I'm worrying about what the valuation will be. Certainly it was pretty hard to decide how much it was worth paying for the London flat I've offered on, with prices going up so…
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Trying to buy house with Guarantor.
Please bear with me lol The wife and i are in the process off buying out 1st home with the help of her parents (Guarantor's). Everything was going fine, mortgage approved, searchs done etc.. etc... Estate agents told us it would fly though (been 8 weeks now). Anyways, today we have been told that the wifes parents need to…
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Remortgaging - Current Property Price & LTV
Hi All, My current fixed deal is due to expire shortly and I am looking at to enter into a new fix. Clearly my LTV will have a large input on what the best deal I can get is, and since owning my property I have made some vast improvements which should have increased the value. In short what I'd like to know is if I sign up…
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Mortgaging house to pay for live in Carers
My Mum is 75 and has Dementia. She is currently in a Care Home pending a Best Interests decision to see if she remains there or goes home with live in Carers. If she goes home money will need to be raised secured on her 200k house. What type of finance scheme would this be, would it be an Equity release scheme and how much…
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C&G Mortgage - Now TSB - SVR?
Hi people, I have a C&G Mortgage currently on the SVR which is guaranteed to be no more than 2% above BOE base, so currently 2.5%. Now that some mortgages are being split and are now TSB, do you know if that guarantee still stands? Many thanks.
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Mortgage after reposession
Looking for some advice. 5 years ago I went through a messy divorce and to cut a long story short the house was repossessed. There was no debt after repossession as all costs covered by sale. Since then I've slowly built credit score back up and sorted finances out. Experian score is currently 999. My current partner and I…
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Stuck in a Bank of Ireland Mortgage
My wife and I bought our house back in 2009, right at the peak of the market (good move eh) and got a mortgage with Bank of Ireland. After the initial fix ended I fixed again at a lower rate (which has now become an incredibly stupid move) and we are still with BOI. So we are now thinking of moving to a larger property and…
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Re-mortgaging HELP!!
Myself and husband (not ex yet!) split 3 yrs ago. I bought him out of the property 2 yrs ago and the mortgage is solely in my name now, Although due to ajoint bank account (I no longer use this) I believe I am still financiallyassociated to him! I am coming to the end of my 2 yr deal and want to re-mortgage, 2 yrs ago Ihad…
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Letter of Consent and Postponement - First Direct
Firstly I apologise if this has been covered before but my only similar result from searching is here. https://forums.moneysavingexpert.com/discussion/4393167 This however is different to my situation. I'll try and be as clear as possible. Title deeds in wife's name (since before we were together), new mortgage agreed in…
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Electoral Roll question with a slight twist
I've done a lot of reading on the subject but can't quite find the answer to my specific question. My credit file shows me as registered from 2004 to 2012. Then I have for some reason been taken off the register. I applied and got put on the list on September 2nd. Problem i have is i hopefully will have an offer accepted…
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re-mortgage worth it?
Hi all, I apologise in advance if this is a stupid question, I've researched on the site but am still unsure of the answer. I bought my house in December 2011 for £125k, of which 22.5k was gifted from my parents as my deposit. At the time I was pretty hard up with money and paying off a fair amount of debt, I used a…
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Help to Buy
I'm not sure if this the best place to post this so apologises if not! We are looking to buy our second house, but are slightly low on LTV as we bought our house when prices were at their max before it call crashed. We are looking at a new build home and using the governments help to buy scheme which was looking good until…
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FTB Mortgage Affordability
Hi All, I'm a FTB living in the South-East (not London) currently interested in buying a 3 bed house which would require a mortgage in the region of around £130k. After some hard graft over a number of years I've managed to save up a decent deposit of ~£100k which would mean I'd be looking at mortgages with an LTV of 60%.…
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Refinancing
Hi guys, I have a mortgage of 167000 based on Bank of England base rate plus 1.99 for the life of the product which seems pretty good. Unfortunately a dodgy builder deserting us has left us with 40k of borrowing we now need to absorb somehow? 28k is on loans (22k at 8.5 apr and 6.5k at 4.9 apr) the rest 12k is on 0 percent…
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Help with confusing remortage numbers
Hi I'm confounded and need some help from someone smarter than me, after looking at the mortgage calculators on here I really can't understand what they tell me. Current mortgage - £44614 left to pay off. 13 yrs 8 months left to go on mortgage officially (have been overpaying so in reality maybe 9 years) Current mortgage…
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endowment ppi
this is a bit of a tricky situation, both my ex husband and I took out an endowment policy in 1989 and let it keep running thru out two house moves, as part of our divorce settlement my ex husband got to keep the policy, where would i stand in going for any ppi claim as the policy was originally in both names and…
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Deposit, but also using my child's savings
Bear with me on this one, I just hope it makes sense. My husband and I are now at the stage where we would like to become first time buyers. Our incomes mean we would be able to easily cover a mortgage for the size of house we would like and additional costs, plus all our outgoings and continue to save. We have started a…
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First Direct fixed to tracker complaint
Hi all, Just wanted some opinion to see if its valid for to raise a complaint with First Direct after moving early from 10 year fix (5.xx) to base +1 tracker for lifetime of mortgage this week When we took out our mortgage in 2001 we were sent a letter that mentioned this guaranteed tracker but nothing when we took the 10…
