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What would you do
Hi, Was wondering someone would give me their opinion on my situation. I currently have a mortgage of £127,000. I'm currently in the process of remortgaging and have seen a fixed rate mortgage 3.19 % ( £701 ) for 5 years. I'm currently on santanders svr which is 4.74%(£804 PCM) . So my predicament is this I recently…
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Am I being unrealistic? FTB advice
Evening all, just wanting some advice on this.. Nov 13 I moved into rented accommodation for 6 months with a friend, but returned home in May 14. However, it's tight at home as was wondering what the odds would be on me getting accepted in my current predicament. I'm 20, on a wage of around 18500 a year (goes up 3% in…
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Is this do-able - opinions please
Hi I saw someone at the mortgage advise bureau who said this was do-able but wants to charge me about £700 to set up the two mortgages which im not going to pay, going to see someone else tomorrow but just wanted to ask opinions on here I have lived in my first home for just over 12 months. I had it valued at 65-70k this…
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Bluebell75(London) Ltd
Hi Does anyone know anything about the agency Bluebell75 (London) Ltd They offer to arrange sub prime mortgages with 99.5% agreement success. They are asking for £290 fees up front with 50% refund if they are unable to secure a mortgage. (their paperwork says they are representatives of Norton Finance) I'd like to know…
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Reduce Term or Overpay?
I can change our mortgage next week, staying with same provider. At the moment we have 20 years left but I can reduce the term to 16 years now and keep the payments the same as what we are paying (due to interest rate being less). Im thinking this would be my best route to take or would there be any benefit of overpaying…
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Recent halifax mortgage anyone?
Hi guys, new to the forum so if this has been asked or I'm in the wrong place go easy, u were all new once :) I'm in Scotland btw. Basically I'm slightly worried now I've had an offer on a place accepted it's all gonna go south and wondered if anyone has recently had a mortgage with halifax, especially after the new rules…
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What should i pay off first before mortgage application?
Hi all My wife and I are looking for a new property, i don't have too much debt outstanding for what i earn but I'm not sure from a lenders point of view what would look better as an ousting debt (if you know what i mean). Ive had a mortgage agreed in principal but just want todo what i can before we find a new home (not…
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HSBC told us porkies
Hi OH and I applied for mortgage with HSBC. They turned us down, mortgage manager in branch said that we had passed both affordability and credit checks - no reason given for the rejection. Cue another application (with another provider) later and we are again rejected, but this time we are told there are loan defaults and…
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Should I get a credit card to help with future mortgage application?
I'm 26 years years old and have had three credit cards in my lifetime which I has paid off in full each month until I cancelled them about 3 years ago. In the next 6 months I will be applying for a mortgage and wondered if I should look at applying for one to help me out with my credit score. I currently have no debt and…
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Mortgage Help!
I've bought a flat my first one and due to move in in 2 weeks time. Ive never defaulted on payments or anything but yesterday i noticed i was went over my credit card limit by £20 they put a charge on it and i paid it and brought it under the credit Limit straight away... But I'm terrified my mortgage will get pulled! My…
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Mortgage and the BR question
We went for a mortgage promise with Halifax and computer said no, all they said was due to credit report but there is nothing on it we have checked, we were BR in April 2008 but have perfect history since then and the girl answered 'yes' to the BR question even though it is over 6 years but 'no' to the CCJ questions as it…
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Mortgage process changes query
Hi all I would really appreciate any advice you could give me around this - I appreciate its a bit long winded but prob best if you have all info My partner and I are first time buyers and have just over £20k saved as a deposit. This is with a view to put down a 10% deposit but we are considering the option of a 5% as well…
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Advice for First Time Buyer
Hello, I am a first time buyer looking for some advice. I have approximately £25k saved up for a deposit, but I am wondering if it will be more beneficial to do the help to buy 5% deposit scheme and continue to save my deposit, or to combine the 5% deposit and savings to pay off a mortgage quicker, or to not do the scheme…
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Eligible for help to buy?
Hi everyone, Looking for some advice please. I am interested in the help to buy scheme. I read somewhere that you can either save a 5 or 10 % deposit and then you are able to get a 20% interest free loan from the government. The remaining 80% you get a mortgage for or from your own funds. I have £70000 savings at the…
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Nationwide - Flexclusive 4 Year Fixed Mortgage Offer
I'm currently attempting to complete an online DIP for Nationwide and the site is asking me if I plan to take up any of their special offers. I'm interested in the Flexclusive 4 Year Fixed deal so I was going to select the Flexclusives drop-down, but it has got me thinking about whether I should check if we are eligible. I…
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Mortgages and Loans
I know it's not ideal to use a loan as a deposit for a house, but what are your thoughts on using a loan to pay for a holiday and then using the money you were going to use for the holiday as a deposit for a house. I know it's very similar to using the loan for a deposit, but we've booked a holiday over a month ago and…
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Overpayment fund larger than mortgage balance.
Hi We have a flexible mortgage with Santander and there is more money in our overpayment fund than we owe. I was informed on the phone that withdrawals from the O/F would increase the mortgage balance. Having withdrawn £2000 over 3 months we have just received our statement and while the O/F balance has reduced by £2000…
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Buy to let question
Our mortgage is due to end in just over 2 years when I will be 65 however there will still be a shortfall of £160k. The house is valued at 320k and I have been trying to get an extension to the mortgage term but I have had no success. Although I can afford the payments (I am better off than I have ever been) my income…
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remortgaging - pay off credit cards?
Im looking to move house to a larger property and will need to borrow more from my lender, and am currently straightening my finances as the move has come about all of a sudden (my choice). I currently owe the following: £20k on 4 0% BT credit cards I have £35 in a shares ISA, that I've built up over the last 2 years but…
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Buy to Let Offset Mortgages.
Hello Can anyone please recommend a good Buy to Let Offset Mortgage? Any links please? I have been looking for one, but can not find. Am going to become an accidental landlord, I have always had an offset and know how great they are. But can not seem to find any Buy to Let Offset Mortgages. Thanks in advance for any help.
