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Halifax mortgages
Does anyone have any idea how the Halifax mortgage application works? We applied last week through a MA (who had a few errors of a previous application which was declined and now I have lost all confidence in them, but they are a family friend so didn't want to cause a fall out!) They've had all our paperwork and a…
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Legal advice taking out joint mortgage with unsecured loan
Hi all, Hope you can help me. We are taking out a mortgage with HSBC, and it all has been approved. I have an unsecured loan from a couple of years ago in my name only, which is being paid off with some of the mortgage. HSBC have advised that my partner has to seek legal advice to inform her that she will be jointly…
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Help to Buy Mortgage Gurantee - flats?
Hey folks Got a flat I'm looking at, Leasehold with a shared of freehold. Went to get a mortgage in principle from my Current account bank, Santander, and they don't offer the Help-to-buy scheme (Mortgage guarantee) on apartments. As I only have a little over 5% deposit, Darn. I found the portion of Santander's website…
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Fixed rate with no ERC's
Are there any fixed rates deals available without early repayment charges? e.g. if you wanted to sell up and rent after three years (into a five year deal), then you can do without any charges. How do I search for them? I came across this with Santander:…
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Endowment finishing 2 years after the mortgage
We had been sold an endowment instead of it being finished two years before the mortgage ends because they said we would have a choice to put in bank get interest off it to pay at the end or pay it off early. Instead what happened the mortgage finished 2 years before the endowment and we have been charged interest for 2…
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what is lifetime mortgage?
Dear all, Someone asked me a question and I did not know the answer, are these any good? I thought these can be restrictive just by ' lifetime' word. Any help most appreciated. Sebastian
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Unusual Situation
We are about to apply for our first mortgage. My partner is currently helping out his brother who (due to a range of circumstances) no longer has a bank account. His wage is paid into my partner's account and his rent/bills etc go out from there. Is this going to somehow cause problems during the mortgage application? We…
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Should I overpay or save??
Hi, I'm in the lucky position to have a normal mortgage rate and have it rented out due to my job. I have a mortgage of £87,550 at 3.79% (2 years repayment). The mortgage repayment is £520 and I'm getting £515 in rent. My question is. A. Would it be better for me to pay the 10% overpayment I'm entitled every year to pay my…
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Mortgage application
Hi, hoping someone can answer for me as I can't figure it out.... I've been asked to show 3 months payslips to apply for increased mortgage on a new property - thanks fine but the lender in question is nationwide of which I already bank with, hold my current mortgage etc - surly they already have all my details can can see…
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Pay mortgage off or save
Hi Looking for some advice?? I currently have a mortgage on my home £45.000 outstanding. I pay £497 every month at the basic base rate of 2.5%. I have some spare money £45.000 now is it best to pay the mortgage off or find a savings account that pays more than my base rate? What is the best option for me Thanks for any…
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Reservation Fees, Oh my!
I am (clearly!) a first time buyer and know nothing. The Estate Agent for the property we are attempting to buy has told me there is a reservation fee of £5000. 2 questions: Is this ridiculously extortionate? Will we get it back to put towards our deposit?? We can't afford our deposit otherwise! I know I am asking a lot of…
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Mortgage Deposit - Isa or overpayment reserve?
Hi folks I'm a newbie, so I'm hoping I picked the right forum for this question. I'm hoping someone out there might be able to help with advice on pros and cons on whether to use my ISA savings or overpayment reserve as a deposit for buying a house. I'm looking to buy a house first, then sell this one, 'cos we're looking…
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Buy or not to buy. The fear?
Wanted to buy my own place for a while. I'm 25 and have a good deposit towards somewhere ( yep saved quite a bit up). Thing is I keep looking at places and then going for a mortgage then comes the scared part. I just keep thinking terrible things will happen etc like losing my job then I'd be in a right pickle. Is this…
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Previous Mortgage Application - worry?
At the end of a lengthy and successful application today we were finally turned down because the Help to Buy mortgage we wanted did not include our property. We have another appointment tomorrow with RBS (who have advised that we can buy any new build under the mortgage guarantee scheme). Will yesterdays application affect…
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Wanting to fix, but also move in the next 12 months
Hi there, Our current 2 yr fix is coming to an end and I am keen to fix for 5 years to protect against rises in base rates. The challenge in this situation is that we are also planning on moving in the next 12 months to a bigger home (for our growing family), this is likely to add significantly to our mortgage and on a…
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Halifax Don't Understand Help to Buy
Hi everyone, advice appreciated. After finding our dream house my partner spent an hour at Halifax today applying for a mortgage under the Mortgage Guarantee Scheme. All went swimmingly, we passed all credit checks etc and mortgage advisor said it was all go - then at the very last minute declared that we couldn't go ahead…
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Letting current home/buying another
Hi everyone, long time lurker, first time poster and very much hoping for some advice! I'm in a very fortunate position whereby I have received a very large inheritance of £500k. My wife and I have found our dream home which is £650k and own our current home which is valued between £400-£450k with a mortgage of £218k,…
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Remortgaging, Borrowing More and Overpayments
I haven't been through a remortgage before and am considering borrowing more for the purpose of purchasing a foreign BTL when my current deal comes to an end. I have savings that I would like to pay down my current mortgage on the day my current deal ends - then, when bumping up my borrowing, I'll be able to offset…
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Mortgage Broker
Hi, Sorry if this has already been asked and if I have missed a post elsewhere. I know that I need to go to a mortgage broker and I need one that deals with obtaining mortgages with a non perfect credit history. How do you go about finding one who is good -when I have googled Manchester based mortgage advisors loads come…
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Target LTV - what would you do?
Hi Everyone, I'm currently saving a deposit for a house, being in the fortunate position that I am able to live with my Dad for the next year or so and plough as much cash as possible into the fund. I'm aiming to have around 20,000 saved by about May/June next year and intend to start viewing early spring. My plan is to…
