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HSBC Consent to Let
My husband and I currently live in his house and my daughter and son-in-law live in mine. We are thinking about moving back to my house as it is bigger and would be looking to rent out my husband's house for income. We have a small mortgage on the house though with HSBC and I was wondering if anyone knows what their…
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Need advice on missold endowment policy please
Hi, i am posting this on behalf of my mum and dad. They originally had a repayment mortgage with the Halifax but in 1989 they contacted the Halifax for a loan towards a new kitchen and the Halifax changed the mortgage over from replayment to endowment, this policy they claimed was the best for them. This was through…
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Mortgage for house extension
Hi We are currently mortgage free which is awesome but with a growing (in age/size rather than in number!) family we have been thinking about moving or extending. As we love where we live and there is scope to extend and it is a much more cost effective way of achieving our aim than moving, we have decided to take the…
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small default on credit file and looking for mortgage
Good day to everyone. I am new to this site but have often visited and found invaluable information so thought this would be a great place to seek advice myself. Me and my partner are starting to look into buying property. We have currently £14k to our name and have a household income of just shy of £40k per year. We where…
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Buy to let newbie. Mortgage query?
We currently have a dormant mortgage at nationwide, we paid off 5 years ago but left it open with £1. We are considering a buy to let and are thinking of borrowing £50000. on our existing mortgage and paying the rest cash. 1- can we claim tax relief on the interest even though the loan is against our home? 2- we have some…
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Overpayments before remortgage
We bought our first home a few years ago and the 5 year fixed rate will expire in August so we're planning on remortgaging then, and potentially raising the mortgage amount to raise funds for a home extension. We have enough money in savings to make an overpayment to the mortgage now and save on interest until august.…
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All new Woolwich customers affected
I've just reached my second payment of my mortgage, having changed the day the direct debit comes out. first payment 16/11/13 £1006.35 Second payment 2/12/13 £1006.35 (this should have been £637,07) Speaking to the advisor today she says that this has affected all new customers who have changed their mortgage payment date.…
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buying an investment property with my son
I wonder if anyone can advise please I would like to buy an investment property with my son. I would be paying my 50% with cash, my son would fund his share with a buy to let mortgage and circa 20% cash. One broker has told us we both have to go on the mortgage and that only a mortgage up to my 75th birthday could be…
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How long until second step in the ladder?
If you aren't in your first property, how often did you move property (excluding rent)? How long usually do people wait for the second property in the ladder?
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Student Loan & Mortgage Offer Issue! Help!!
I would really appreciate anyones advice on this... So i was accepted for a mortgage and have paid for the survey. The underwriter looked at my application again and said that due to my high student loan payment (1st month as permanent employee - previously contracting). 1st month student loan is higher due to a sign on…
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Overpaying the mortgage
I have 10 months left to pay on a five year mortgage which is currently set at 4.69%. At the start I changed it to half endowment and half repayment to counter the rubbish endowment rate. I now want to over pay to reduce the term, does it make any difference if I overpay the endowment or the repayment? Would it be better…
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Best strategy for getting into the ladder?
Hi all, As first time buyer and contractor, I was cautious in borrowing too much. I was given 440k credit, but I've taken 62% of that, 276K. I was concerned about the potential interest rates increases, as the only way now is up. Now, sometimes I think I should have been more aggressive in borrowing. What do you guys think…
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Mortgage repayments?
Hi, I don't have a mortgage but I hope to get one next year (obviously with the correct advise and professionals...) I am struggling to find anywhere online that I can see what the monthly repayments might be? I know I wouldn't be able to get a firm calculation but and idea would be nice. Can anyone help with this? Thanks.
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Overpayment on fixed rate mortgage
Hi I am one year into a 5 year fixed rate at 4.19%. I have come into an inheritance and would like to put the majority of this money into the mortgage which would approximately half the equity. However, I incur overpayment charges of 5% on what I pay in. I have been advised that I should invest the money and "drip feed"…
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95% mortgage for a single first time buyer?
Hi all I'm single PAYE employee attempting to buy my first London house under £250,000. I want to know if anyone else in my position has had any luck, or if anyone has any advice for me (on buying a house, not being single :grin: ). My basic salary is £33,500. I also earn £1,680 in nightly shift allowances and (on average)…
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Mortgage offer issued through broker - can I apply for another product directly
Hi all, Abbeys issued a mortgage offer after processing the mortgage application and doing a mortgage valuation. The mortgage product comes without any booking or valuation fee and I applied for the mortgage through a fees free mortgage advisor. I have now realised HSBC and some other lenders have better mortgage rates and…
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Stick with one lender for 25yrs or move around?
Hi, we bought our home 3 years ago so now coming to the end of a fixed deal. I'm undecided whether to stick with our lender and fix for another few years, or move to another lender who is offering a slightly lower rate (no fee). Also should I take into account the SVR they will drop to? Surely that will change in a few…
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Mortgage to buy out brother
My mother-in-law signed her property over to my wife a few years ago because of bad health. The property deeds are in my wife's name only. We always had a verbal agreement with her mother that we would get the property valued when the time came and get a mortgage to give half of this money (cash) to her brother as we…
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Second mortgage...?
Ok, a little background to attempt to make myself clear...please bear with me :) About 5 years ago I moved a few hours away from home for work with the intention of returning in a few years with some experience in my industry which would enable me to get a job back at home. I immediately started saving on starting work for…
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Offset mortgage on house asset?
Probably a silly question, but I know you can get offset mortgages on savings. But can you get an offset mortgage on an already owned house? Say you want to buy another home to live in, can you offset your new mortgage based on the value of your existing house. Assuming you owned the 1st house outright that is!
