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Question about mortgage 'end of fixed rate'
Hi sorry for being so 'thick' but I am wondering.... the mortgage I am taking out is with Kent Reliance (shared ownership mortgage) it is a 3 yr fixed at 5.49% after this it says it will go to 6.58% does this mean it will 'definitely' go to 6.58 or instead does that mean that 6.58% would be the SVR 'today' but the mortgage…
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95% LTV Available on older properties?
Hi guys, I have sold my property and moved back in with my parents, and I am trying to figure out my options. I have around £13000 for a deposit, however, I do have around £6000 in loans and credit. I am aware that this effects my affordability, and therefore contemplating paying off my debts. Are 95% mortgages available…
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Is Ray Winstone the new Pied Piper?
Lovers of online gambling beware. We are increasingly seeing online gambling firms showing up with regular withdrawals on applicants bank accounts. It is getting to the point where they are starting to become more frequent sights than pay day loan deductions. Strangely, lenders are not keen on a 'habit'. If you or yours…
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Halifax Mortgage Repayments
Hi, Newbie here. I have two Halifax mortgages running concurrently on the same property, both are interest only. On of these mortgages is running at something like 0.7% over base, the other at 2% over base. The latter is the bigger of the two mortgages. I have been overpaying and now have a lump some to pay. I was told by…
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Joint Mortgages - Calculations
Hello. I'd like to ask two questions regarding calculation mortgages fairly for joint mortgages: 1. Repayments if someone pays deposit and the other does not Example: Assuming a house costs £100. Assume that person A puts in £20 deposit and Person B puts in no deposit. Then if the monthly payments are £2 per month, I would…
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Tenant in Common
Hi So my partner and I did buy a house together as tenant in common. The house cost: 217,000£ The mortgage: 185K The deposit put forward ( in full by her) : 31K We pay back the monthly mortgage 50:50 So our share are 57% her and 43% me. In case of a sale: My partner profit = ( profit * 57% )+ deposit or My partner profit =…
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Help - Arrangement fee
Hi all, I was wondering if someone could tell me if this is correct please. My mom and dad were going through the process of buying a house and were due to complete this week. Unfortunately my granddad died the weekend though and because of this they have had to pull out so they can look after my nan. The mortgage broker…
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Aip
Hoping someone can help, Currently have an agreement in principle which the in-house mortgage advisor in the estate agents got through the Halifax for us - question I have is do we have to go though the full application using the same advisor or could we for example use a different broker? We kind of don't want to put our…
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BTL Criteria - Private Sale?
Hi I am researching some possible BTL options and have come across this condition on the post office criteria Any property that is subject to a private sale Does this mean any sale that is not going through an estate agent? Thanks
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Re Mortgage question. (First time buyer)
Just bought a house last year. Its on a fixed rate for two years. My plan is to over pay as much as possible without getting fee'd. So i payed 10% off for this year and will do it the next year. As you can see I want to pay it off asap and as cheap as possible. When the fixed rate ends, I was told the rate will change to…
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Nationwide 2.5% SMR
We took the mortgage out in 2006, right at the height of the housing price boom in our area. When the fixed period finished in 2009 my circumstances had changed, along with a drop in value, so we have remained on the standard rate ever since. This rate is 2.5% which I understand Nationwide no longer offers, it is only…
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Confused - Mortgage Question
Hi All Hope somebody is able to clear this up for me.... Basically I have always wondered what happens when your mortgage deal runs out (so I am on a 2 year fixed currently) and you want to change lender..... is this classed as remortgaging? I know this may seem really stupid to some people, but I have never had to do this…
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Santander pre completion credit check
Anyone know if they carry on out? Cheers
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best interest rate?
Which bank has the best mortgage rate atm? And what is the best mortgage atm in terms of fixed etc? Just out of curiosity. If you have a mortgage with a lender ( which I dont) . How do u move to a different lender? I mean how does this process work??? Do u have to pay interest and early repayment fees etc to first lender?
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Interest Calculation, is this correct?
Hi I'm going round in circles a bit trying to establish whether my calculations are correct! I am looking at a BTL mortgage and trying to establish how much deposit to put down so Mortgage 1 20% deposit at a rate of 4.99% fixed for 5 years Deposit £20,000 Interest over fixed period £18,885 Mortgage balance at end of fixed…
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Tax treatment of Offset Mortgage
Some offset mortgages (like Chelsea) allow a number of savings accounts to be offset against the amount owing on the mortgage, and the savings in these can be owned by others - such as parents, uncles etc. In effect I suppose the saver is forgoing a certain amount of interest on savings to benefit the child who has to pay…
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Being on a fixed term contract and getting a mortgage....
I've been at my current employer since March 2012, so around 2 years and 8 months. I started in a permanent role and in June 2014 (2 years 3 months into employment) I was promoted to a new role within the organisation but my contract changed from permanent to a fixed term contract (12 months). My contract will 100% be…
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Trying to port our mortgage, Intelligent Finance, what a laugh!
We are trying to port our mortgage, currently 0.95% with intelligent finance, £82k mortgage, repayment of around £380 per month, remaining term 18 years or so. We have been told to expect it to take around 8 weeks, we are in Scotland and it doesnt look like we actually have 8 weeks as we are looking at end of November, so…
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Request for VAT receipt from Nationwide
Not too sure if this is the right place but... I applied for and have since completed on a mortgage with Nationwide. Due to the nature of my job and the fact the I have relocated my employer is refunding me some of my expenses including the mortgage valuation, booking and reservation fees however they need a VAT receipt…
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How to c alculate figure for ex-partner to buy me out?
M y ex-partner wants to buy out my share of our house, but the calculations are driving me crazy, so if anyone could help that would be so so much appreciated! We purchased Nov 2011 for £173,000. Equal deposit of £30,000 each, leaving a mortgage of £113,000. Mortgage and house deeds are in her name, but it's an amicable…
