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Defaults on Credit File-chances of a new mortgage
Hi, I have a mortgage on a variable rate and looking to fix the rate. I'm also wanting to move house so my mother who is in ill health can live with me. The trouble is although I have never defaulted on my mortgage, I had ALOT of trouble with a high street bank where I had a bank ac,credit card and loan. I had huge amounts…
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Why is my first payment so high?
Hello all. I've got my details of my 5 year fix. The first payment is £700 and the following 59 payments are £458. Why is the first payment so much and also do the payments start from the day of exchange of contracts? Thanks
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buy to let , equity share , further advance
hi all newbie I'm afraid don't think this has been covered before is there any lender that will do a buy to let mortgage with equity share (not local authority/goverment , is builder private scheme) and with a further advance to release some equity? my mortgage is 75% ownership no rent to pay on 25% 7 years before 25%…
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Negotiating price after mortgage offer
I am a FTB and have received an offer of mortgage from the lender for the property I am looking to buy. Property was on market for £107k and I negotiated it down to £100k. Valuation carried out by the lender came back with local dampness in one of the rooms which would require further investigation - however the surveyor…
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Advice on Consent to Let with the Halifax
Hi I am looking for some advice. I have my mortgage with the Halifax on a 3 years fixed until 31/05/2014. I have been told I can transfer to a new product 3 months prior and any ERF will be waived. My question is, being a existing customer if I transfer my product to a new fixed will I be able to apply for a ‘consent to…
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Nationwide mortage calculator - first time confused buyer
Anyone else used this site to see how big a mortgage they could get. Although I have zero debt, I was surprised I could, in theory, get 163k based on 32k annual income. In your experience, is that a likely figure or should I expect it to be much lower in reality? Does the size of the deposit affect your mortage offer?
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Barclays Bank changed my mortgage...
.... without my authorisation. We thought to change our IO mortgage to a repayment one and saw that Barclays Bank (who we are currently with) had a fairly decent fixed rate repayment mortgage. Called up said bank and asked to make an appointment with an advisor so we could chat through costs involved, any fees, what the…
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How to find the right mortgage broker?
Currently trying to buy a second property & have read the MSE guide to mortgages, it mentions using a broker who can search the "whole of market", how would I go about finding the right broker as it seems its not straight forward due to myself & husband being self employed etc. We are looking for a MIP before we put an…
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Very small mortgage - repayments?
Can anyone tell me what the monthly repayments would be on a very small mortgage of £17k for 10 or 20 years? Thanks in advance.
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Offset mortgage?
I was hoping for some advice. I have moved to australia recently and i still have my house back home and i am paying the mortgage every month. I have some money which i dont want to lose access to and would like to keep for a deposit for a house in oz in a few years time. I was wondering if anyone knows of any good offset…
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Santander overpayment
Good Morning, I remortgaged last week from Santander to Nat West Santander took a payment out my accoun t on Monday and when i called i was advised it took take up to ten days to put back into my account I advised i was unhappy with this and that whilst i had a mortgage with them they charged me £ 8.60 in interest and that…
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Calculating Balance on Repayment Mortgage
Can someone recommend an online calculator where I can input figures and get the end of year balance on a repayment mortgage for each of the 25-years?
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Enjoy low rates for ~year before long term fix
So, my bet is that interest rates will remain at 0.5% for around 18 months. Is there a way for me to enjoy current very low rates for that period of time (i.e. avoiding 2-year fix), then go for a long term fix? Or is this a risky strategy and the longer time goes on, the less favourably low long term fixed rates there will…
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Figuring out water bill...
I'm applying for a mortgage and they want to know my outgoings. Where do I go to find out how much I will have to pay in water bills? Sorry I'm probably being dense but I've googled around and can't figure this out.
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Buy to Let - HMRC
My friend bought a second home as a buy to let investment 5 years ago and tells me she has never made any capital gains, the rental income just about covering the mortgage repayment. Her accountant has told her she should have been filing annual self assessment tax returns which she has never done and that she should…
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Interest due when mortgage repaid
We are just going through the final throws of paying off our interest-only mortgage but wondered if we had any claim to a small reimbursement from the building society to whom we have paid so much over the past 25 years? We started the year with a balance of around £47000 and repaid just over £23000 in May when our…
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Have completion date :) when will solicitor draw down mortgage?
Hi all, I'm buying a new build and i've been given my completion date of Dec 18th, woo-hoo! I'm very excited but wondered what happens now? At what point does the solicitor request the mortgage funds? The reason that i ask is that since the offer i've had an emergency and spent an extra 1.5k on my credit card and i'm…
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Vendor recently bought property - Need to inform lender WHY?
Hi all I have had a mortgage offer through the post and solicitor has started with searches but notes that the property I am buying was recently purchased by the vendor (last few months). Solicitor has now said that this will need to be disclosed to my lender and my lender will look to find out how much it was sold for and…
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RBS - agreement in principle?
Hello FTB trying to get my head around all the ins and outs of mortgages. Went into an RBS branch today with my partner, hoping to begin the application process. We've researched various offers, deals, what we can afford etc and have the funds ready. We wanted to get an agreement in principle before looking at houses but…
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Help needed! Mortgage promise with job change
We have received a mortgage promise from Halifax expiring in Feb. We have put in an offer on a flat that might be accepted. We have also put our current flat on sale. But, I might be considering changing my perm job to another perm job. The new job would be in the same IT sector, but a higher position and higher pay. There…
