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How often can I switch mortgages?
I am currently on a lifetime tracker at 2.99%. I think my house value has risen enough for me to be able to get another lifetime tracker for 2.49%. However, I believe interest rates will rise in 9-15 months and would like to switch to a fixed rate as soon as it looks like the rates might go up. If I remortgage to a cheaper…
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Mortgage Valuation
Speculatively looking at a pub conversion at the moment (ground floor pub is operational but would be closed and sold with vacant possession). It has a self contained accommodation (Liveable) on the upper floors and planning to convert ground to residential (which I would intend to use it for). The question is how will the…
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Don't want to lose my house purchase.
Hi Situation is, the week of exchange, one of the chain behind me has pulled out. The one I am buying I desperately do not want to lose. What options do I have here? My current house is mortgage free, I do have half the cash to buy the one I am buying anyway. Can I.... Get a secured loan on my current house, and when it…
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We want to move but have CCJ
Hi wonder if anyone can advise. We want to move and own 70 percent of the house- the rest is Halifax mortgage. The house we want to buy would only require the same amount mortgage we already have but existing one isn't portable. They said we would have to start again with them- problem been we have a CCJ which we are still…
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Offers in excess of £250,000?
Looking at properties online during the last few months, I've been seeing this a lot on sites like RightMove. Does anyone have any experience with what this usually means in practice? Is it just a way to get the attention of people who are trying to avoid going into 3% stamp duty, in the hopes that you'll "fall in love"…
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Should I get a mortgage with my girlfriend
Gonna keep this as blunt as possible. We have found a property we like costing £160000. I have £50000 deposit but she has none. I earn about £18000 per year and she £17000. She says that I should get the mortgage by myself seeing I am the one with the deposit but I want her to be part of it. Is it possible for her to own a…
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Dumb question of the day!
Ok this may be a really stupid question but what happens if there's a delay between exchanging contracts and completion with regards to the deposit? The property were buying has been valued today so just waiting to hear back on the formal mortgage offer (everything crossed!) But... we were told we'd need to exchange…
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Tax relief on mortgage
Can anyone add to a conversation I had recently where I was advised not to pay my mortgage off in full for a couple of reasons: 1) its good to keep a line of credit open and this will also help keep my credit rating up but also 2) we get tax relief on outstanding mortgage balance up to a certain amount and so if I drop…
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Mortgage provider spotted recent gabp in electoral roll
My mortgage lender has noticed that I was not on the electoral roll between 2010 and 2012. This is because I didn't live at home at the time but had two different rental addresses while at university. However I kept everything: passport, driving license, bank accounts, registered with my parent's address, just to keep…
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Joint Mortgage Application
Hi, My 2 sisters would like to apply for a joint mortgage. The reason being one of my sister cannot apply for the mortgage just in her name because she never had credit previously and she is only 19 years old but in full time employment. My other sister had credit for number of years now and has excellent credit history -…
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Urgent!! Mortgage Advice Please.
Where to begin....... We live in an inherited property, since 2009. We really dont want to lose the property. We are settled here, as are the children. Our overall income, I suppose is on the low side. We could do with more, but then couldn't we all. Having said that, we are solvent every month and we've done the maths, we…
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Is he entiled to anything?
HI, I bought a house in 2004 for £53k Deposit of £3k. Property was remortgage in 2006 and currently there is £70k left on the mortgage. My now ex boyfriend came on the mortgage in Nov 2012 and contributed to half of the mortgage payments from that point via a bank transfer to my own account which I then paid as a DD to the…
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Advice on Sale collapse
Hi Can I ask some advise please about our home sale. We are top of the chain as we are moving into a new build home,but the people who are moving into our buyers homes mortgage is taking an age to set up their mortgage.. We should have moved into our new home on the 9th yet we are still waiting for for the 1st buyers…
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MSE News: Overpaying your mortgage in December could save £100s
"Borrowers with mortgages where the interest is calculated once a year could save by overpaying now..." Read the full story: Overpaying your mortgage in December could save £100s Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro…
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When is best to apply for mortgage, via credt report?
Hi I've had a little look on here for anyone in a similar position but nothing quite fits, so unless I missed something. looking for some advice. A tale that's been told many times, but my ex and me brought a house, he left after 2 months and I have paid the mortgage in full myself since. I had a payrise and planned to get…
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Getting a mortgage with a CCJ :(
Hi, me and my partner were today turned down for a mortgage by the Halifax because I have a CCJ from 5 years ago. Both our credit reports are good otherwise. Is there anything we can do to get a mortgage in the meantime or do I need to wait until this drops off my report in a years time? We have £8,000 deposit and were…
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Closing credit card before completion
I just wanted to check if this would have ane consequences. We have a mortgage offer from Nationwide, completion in March. I have 3 mastercards, all declared in the process. 1 has no balance, 1 I just used to buy some furniture on, but the full balance is paid monthly and it will have no outstanding balance once the…
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Advice please!
Hi all, Have had a proper read through a lot of the threads here and have to say most responses are very helpful, I now have a fairly specific question so thought I would post and see if you can help. I have inherited £50,000 and we are looking at using this money as a deposit on a property. We are looking at houses in the…
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Bad credit mortgage - what is possible? Anything?
So I have a terrible credit rating...but my partner has an excellent one. And we'd like to get a mortgage together. Do we have any chance? I have a property from before we got together. I did have arrears on this mortgage but have (recently) cleared them. My partner has a loan and small balance transfer credit card. I…
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Can my Mum apply for mortgage or help me??
Me and my partner were saving up to buy our own place. The plan was to apply for a joint mortgage as he has steady income and Im self employed. We have recently split up and split our money, I have enough for a deposit on a smaller place but as I have only been self employed for 1 year and a half, I don't think my…
