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Should I pay off mortgage or save?
I have recently come into some money, 74k to be exact. I currently have 41k outstanding on my mortgage, some 12 years to go at £320 per month. Would I be better paying the mortgage off or leaving the money in numerous current accounts gaining the best rates possible at this time?
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Small mortgage or personal loan?
Hi My partner and i want to buy a house. We are looking at a very small outstanding balance after we use our deposit, probably £20,000. My question is this, should we take out a joint mortgage for 7 years OR take out a personal loan each for £10,000 for roughly the same repayment time. The monthly payments are more or less…
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New Home-Electoral register
Moved into new home last month. If i ring up to change my address on the electoral roll how long will it take to appear on credit reports? and also is it vital i let the bank know my new address..currently mail from bank is still going to my parents address. Will this have any effect?
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Shared ownership mortgage - staircasing
Hello, I was wondering if I could get some advice. I own 40% of my shared ownership property and I'm looking to staircase to 100% with my partner. I have checked with the Housing Association that owns the other 60% and they said that's fine. My current mortgage balance is 85k and let's say the current property is worth…
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how does buy to let work?
I own a house with a mortgage and now want to let it out as moving in with boyfriend. The house is worth around £160k and mortgage is £110k. So I need to arrange a BTL mortgage (been reading some nightmare stories on here). Most lenders seem to want min income of £25k which I do not have. The Mortgage Works don't state…
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Mortgage help
Hi all, currently I have a mortgage with my brother and he is now telling me to sell the house. But I want to port the mortgage with Woolwich to a new house. However I have bad debt and defaults, I pay the mortgage on time. I earn 47,000 plus bonus 3000. Mortgage is 180,000. Will I be able to port my existing mortgage…
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am i a first time buyer?
Hi Probably one of those silly questions but would appreciate ann answer....my dad bought a house nearly 20 years ago and had it in my name and mortgage was paid out of my bank. ....it was sold about 15 years ago so i'm assuming i wouldn't be a ftb? Is there any time limits on ft...not had any property in my name since…
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How often do full mortgage applications get turned down and why?
Driving myself insane wondering about this so just thought I'd ask the above question!
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Increase mortgage or get a loan?
We need a new car and a new fridge plus loads of other things. I have just got a slightly better job and my wife has gone back to work after 7 years of being a full time mum. So we have a bit more money coming in, but we need so much stuff we would never be able to save for it. The question is should we get a loan or…
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Fixed Rate Mortgage Going Up Before the End of Term?
Hi folks, hope you can help. I have a quick question on behalf of my parents. They took out a Four Year Fixed Rate Mortgage with Alliance & Leicester back in January 2011, with the first payment being in February 2011. They've received a letter from Santander (who now run the mortgage) saying that, from next month…
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Searches and time scale thread!
Hello guys! Thought we could start a thread regarding the searches! Soooo my solicitor has requested our searches today. How long am I expected to wait to get all these searches back. I'm in the rushden area. How long did your searches take to receive from start to finish and where are you buying?? Hope it's a quick…
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Prudential Error - Help!
Hi All My friend at work is in a real nightmare scenario - Prudential have paid out her and her ex-husband's JOINT endowment policy which totals £30k, but they have paid it all into his account, leaving her £15k out of pocket. Her ex isn't the nicest of people and is ignoring texts/calls etc to give her her half. She has…
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General advice/1st time buyer/inheritance
OK here's the situation. My partner and I currently live in a house owned by partner's mother. It has been agreed that the house will be sold and 50% of the money will be given to my partner to use as a deposit towards a new home. Until the house has sold we have little or no other deposit. Question: would we be able to…
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Leek Utd. Mortgage Application 108 days in...
We started the process of applying for our first mortgage 108 days ago, the vendors were getting twitchy three weeks in, but we are now nearing our 16th week of this. Is this at all normal? The mortgage is now apparently fully approved "the only thing we are waiting for" now is the confirmation that the insurer Royal Sun…
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Natwest Mortgage Applications
Hi All, Does anyone here have experience of submitting supporting documents for Natwest mortgages? I have looked on their site and they say just the latest payslip and bank statement. The broker I have spoken to has asked for 3 months. The reason I ask is that I just completed my probationary period but prior to that I…
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Odd outcome - mortgage meeting with the bank
myself and my partner (unmarried) are looking to buy a house together, she already owns a property and i am a first time buyer. I went to the bank (where my partner has a mortgage with) today to discuss what we could borrow. I worked through a few scenarios, e.g. keeping my partners house or selling it as my partners house…
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Chance of getting a mortgage?
Hi, I'm after some advice about buying my first house with my partner. We've been privately renting for nearly 3 years and really want to buy our own home. My credit history is great, never missed a payment, have a credit card which is paid off in full every month etc. My partner on the other hand hasn't been so great with…
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Mortgage Admin charges and missing statements.
Hi everyone. I'm after a bit of help. I have just found out I can claim back the charges on my mortgage. I have requested a statement from my mortgage company who odly have sent one out without charging me. However there is a problem. I took my mortgage out in 2007 with future mortgages, the mortgage was then sold to…
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6 month Rule Virgin Money
I own a property which has just been registered at land registry with no mortgage and want to raise captial through a buy to let and Virgin money have just confirmed that they will release up to 50% (not 75%) value through a buy to let mortgage in the first 6 months. After 6 months I can apply for up to 75% I thought I had…
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How do you surrender your endowment
I have a standard life endowment that has not been needed or paid into for over 12 years. the surrender value is around £2000. Can i surrender it to standard life themselves or do you have to go through a financial advisor or company? Thanks
