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The best deal?
Hi, We need to mortgage for £60.000 on a new house we are buying, i'm with First Direct, the payment terms are £331.00 per month, does this sound good? we are hoping to pay this off within 2-3 years with no penalties, Anyone have any suggestions about a better way? Regards, Ian
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Joint Mortgage - Foreign National / Gifted Deposit
Hi, My wife and I are hoping to progress a property purchase (new build). We are now in the process of looking for a suitable mortgage. However, my wife is a foreign national (US resident) but she has indefinite rights to remain in the UK since 2007. And myself a UK resident. In terms of employment, we're both full time.…
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buy to let or consent to let?
Hi there, I am hoping to let my flat out and buy another place. I already know a couple of people who would rent a room each, and I'd like to see how it goes for 6 months - a year. I don't want to go on buy-to-let as they are all 2+ years and I don't want to be tied in, in case I decide to sell the property after the…
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Need to inform lender?
Hi, My partner and I are buying a new build that was due to be ready end of Jan. This has now been pushed back about 4 weeks. I'm currently on maternity leave and was due to return to work the second week of Feb when we thought we'd be moved in. But now I'm going to have to extend my maternity leave by 4 weeks. We've…
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Removing Name + Default Advice - Nationwide.
Hi Guys, I have had a mortgage for 5 years with a friend with Nationwide, just after we got the mortgage I ran into slight financial difficulty. It didn’t damage our relationship and although I picked up 3 defaults from 1 over draft, 1 credit card and a mobile phone contact. I paid my share of the bills on the house. Since…
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BTL mortgage - broker needed?
Hi all. I've a BTL that needs to be remortgaged. Mortgage currently with The Mortgage Business - they are offering no new business and the current SVR is 4.95. It was set up for me by a broker about 4/5 years ago. I've recently arranged a mortgage (first direct)for my own home without a broker and found it relatively easy…
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I.ve paid my mortgage off!
After 25 years I am paid. Basically moved here 3/12/88. Had 2 endowments totalling 24k. 2nd one matured 1/12. Paid 6k off in Summer and needed to pay another £430 to clear balance. Dread to think of shortfall on a bigger amount if £6.430.91 short on 24k.
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Solicitor requested money early from lender
My solicitor has requested money early from my mortgage lender. I recently exchanged on a property, where some additional repair work was required by the seller before completion date. The solicitors have agreed a clause to confirm the repair work is to be completed satisfactorily, and then 5 working days notice to given…
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Where to go for PHI mortgage protection, and some important questions.
I'm 35 and self employed. We have just moved into our first house. I remember from a years ago being advised to take out PHI instead of MPPI? Does this still stand? Martins article says MPPI now covers self employed. My partner is PAYE part time. We have 2 young kids. Would we need 2 different policies? PHI and MPPI for…
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transfer of equity
hi i hope someone can advise me on this subject i recently split up with my wife who left our home i have since been paying all the bills and the mortgage which is in joint names i have enquired about a transfer of equity from my lender and they have approved but my ex wife is now refusing to sign anything or talk about it…
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Need a mortgage broker to search the whole market.
I am making an enquiry as to whether my mother aged 73 can get a mortgage and the criteria. Please PM if you can undertake a general search for us. Many thanks for reading
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Halifax Mortgage: Mystery Default
Hi All, I've been on the mortgage process for about 5 weeks now, here is my rough timeline; Nov: Decision in principle (£158,000 HTB on £208,750) Nov: Reserved new build Nov: Applied for mortgage, paperwork required and stamped Nov: Approved subject to valuation (KFI generated) Nov: Valued at £208,750 exactly our purchase…
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Not paying mortgage - former partner doesn't know
I have a friend (yes, not me, a friend - I'm completing on my first house next week!) who has decided to stop paying his mortgage because he simply cannot afford it. He and his girlfriend (both named on the mortgage) split up last November and he has struggled to maintain paying it due to interest rises and being ill from…
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credit score for mortgage application
i am in the market for a newhouse ready to go basicaly deposit etc ready. my question is when applying for a mortgage their is obviously credit checks, would it go against me that i have two credit cards with a £2k baance on each. i am stoozing these cardsand have money in my account. Show i pay off any credit cards before…
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Applying for loan during house purchase?
Hi, I'm currently going through the purchase of a house with Halifax, today I received my Mortgage Offer and my moving in date is the end of February. I was offered up to 102K mortgage however I've only borrowed 75K. When I move in, I'll have about £2K in savings that I plan to use to decorate and fit new carpets - I see…
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overpayment query
Hi New to this started to make overpayment to my nationwide repayment mortgage, have been in the past but have started again. How are overpayments seen do they go straight off the amount or is there a element of interest and capital as with the mortgage payment? I thought the overpayment came straight off the total…
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Working Tax Credit and Endowment
I've been on working tax credit for a couple of years because my salary is pretty low. I'm a hairdresser and not as busy as I used to be, therefore my average salary is approx £5K. I was paying an Endowment over the years and it has just finished and I've received a cheque for £39,000. Do I have to let the Working Tax…
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Mortgage rate fee
Hi, Was after some help with a slightly odd situation: We applied to F/D for a mortgage of £204,000 (90%) and paid £1500 at the time to secure a rate of 3.59% which they said at the time is non refundable unless they can no longer offer us the mortgage. I am now pregnant and due to start SMP and my fiance has started a new…
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Our mortgage has been sold to a new lender.
We have had a mortgage with Future Mortgages for several years; however on Friday we received a letter from Future stating that as of 16th December Engage credit Ltd will be taking over our mortgage. My husband rang and spoke to Future and was told that all Future Mortgages had been sold on. We are very worried as the…
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How long does it take for a mortgage application to be agreed by bank
How long does it take for mortgage application to come back from bank?
