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Seniors Please Advice
Hi All, I need advice from seniors / finance experts as have two choices and need to make a decision 1) Buy a home worth £250,000 with 10% deposit fixed for 2 years @ 3.89 and that SVR 3.99% with Nationwide. As the interest rates are at their lowest 2) Wait for 5 years and buy the property with 100,000 deposit. No idea of…
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Maternity mortgage issue
I'm currently in a 3 yr fixed rate mortgage with Platform. It has 2.5yrs left to run & will revert to a much higher tracker rate. We've recently had our first child and my preference is not to return to work. I earn 50% of our income and although we can afford the repayments with my partners salary alone a lender would not…
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Urgent advise required
Background - due to complete on house next week, mortgage offer in place from Halifax In the lead up to the move I have overseen a payment to next directory. It was due on 24 sep . I logged on this evening and as soon as I realised I paid and called next to advise it was a genuine mistake. They confirmed the payment is…
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Only paid interest this month to Mortgage Express - could I be in trouble?
Hello all, I have a repayment mortgage of £745/month and since I lost one of my part-time jobs I have had a few financial difficulties. I decided to sell my house, downsize and buy a much smaller home with a smaller or no mortgage. I have been making my monthly payments regularly for 11 years and took a payment holiday for…
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Would this be frowned upon? (offset mortgages)
Hi, I have an offset mortgage and have taken what I thought was a wise decision to take out a 2 year interest free credit card so that I can put all my purchases on this, then instead of paying it off I let the money sit in my offset account until it's time to pay off the card. However I read that with the stricter lending…
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L & C mortgages
Anyone else noticed these guys don't seem to answer their phone anymore? I spoke to them about a month ago but I tried them again a couple weeks ago, left a voicemail but no response, I've now been waiting for an answer 30mins...
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Natwest - Do they offer INTEREST ONLY mortgages ?
Hi, I am about 4 months from the end of my 2 year fixed mortgage (3.39%) with Natwest. In about a month I will be able to go online to my account and see what they can offer instead of just following onto their SVR (4% currently). I will have to stay with Natwest as I will be unable to move to another lender due to the…
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Should I move from A&L to Santander
I have a two part A&L life time tracker mortgage an old rate of 0.99 above BOE base rate and one at 3.64. I have been offered a santander tracker at 0.99 above boe base rate . Is it wise to move from A&L to Santander, I understand that Santander bought A&L? I would appreciate advice
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RTB Mortgage Query
Hi, My mother and I have applied for the right to buy our council house. Both of us are on the offer letter and would be on the deeds of the property. The problem is my mother is retired. I was hoping to apply for the mortgage myself which I would no problem getting given my income and the value of the property. I have…
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Re Mortgage, with a view to letting the property out
My Girlfriend is moving in with me, and we intend letting her flat. She currently has a mortgage with Santander, but it sounds very complicated and disjointed, and appears to be paying well over the odds. so she is looking at changing her mortgage, regardless of letting it. she only owes £55k on a flat worth £230K. As it…
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Nationwide full application pre approved by underwriters?
Hi all, I've just been told by my Nationwide mortgage advisor that our full mortgage application has been "pre approved" by their underwriters, which has allowed the valuation of the house we're buying to be instructed. I was wondering what this means exactly - what else do they have to look into at this point? & what have…
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Remortgage Valuation During Building Works
Hi all, apologies if this has been asked before - I can't seem to find an answer. I'm currently carrying out extensive DIY work at my house - the living room, hall and landing have been gutted and I'm in the process of replacing the wall coverings, ceilings etc. The kitchen and bathroom have been recently renovated. I've…
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Asked to email my credit report. Is that safe?
HI All, Mortgage advisor has asked me to send a copy of my credit report. Is that advisable / normal? This came about since the underwriter emailed that they found an arrangement on my credit history. Underwriter would not be specific about what they found. Since I wasnt aware of anything Mortgage Advisor recomended I…
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Mortgage after repossession?
Hi all, hope some of you may be able to advise on the likelihood of being successful with this. In late 1998 my home was repossessed after divorce. Basically I just handed the keys back and didn't fight it as I had no fight left in me. I also had a couple of unsecured loans. In March 1999 I received a letter from the bank…
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Pay off mortgage or not?
Hello not sure if this is the right forum... Just been left a lump sum in a will, which will pay off my mortgage (30K) We're on a fixed rate of 1.7%, so should i pay off the mortgage or not? Any help greatly appreciated
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Santander mortgage help please!!!
I have been trawling the net looking for a mortgage to suit my needs. Seems like santander can offer what I need. It would be a consessionary purchase, and my question is will I still need to pay a cash deposit? Thanks
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mis-advised by broker?
Exchanged on a new build knowing full well mortgage offer would expire before completion. Advisor said not to worry offer will be extended, it hasnt we have to take a new product costing thousands more. Is there anything we can do about this?
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Need advice please help
Hi, I will try to keep brief My ex owns the house I live in with his 2 kids, he has moved out. Not married. I have lived in it with him from day 1, I was in a less favourable position when we bought it so we thought it better not to include me in the mortgage. I have a beneficial interest as I have paid bills etc and have…
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mortgage exiry query
Hi ive exchanged contracts on a new build and we are not to far from completion but my offer is about to expire I was always under the impression we could extend the offer as impression from M/A that we could extend on this product as the offer was only 4 1/2 months instead of 6. After speaking to MA yesterday they said we…
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Anyone ever contested an endowment complaint offer?
Original policy for £30k taken out with L&G in '92. I still have the original illustration with the adviser's yellow highlighting the £30k plus a cash surplus of £11k. Recommended top-up policy taken out in '99 (premiums >60% of originals!) after receiving red shortfall letter. Complaint deadline Nov '14, so discussed over…
