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Too Old?
Hi I'm 50 yrs old, living in rented with partner paying £995 per month rent between us. She is 42 earns 23k but has a step-change agreement in place due to a debt left in her name by her ex husband. It ends in about 3 yrs time when its all paid off (approx 3k) I earn 35k no issues with my history, had 2 mortgages before…
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Opening another bank account - Effect on mortgage application?
Hi I'll make this brief I currently have a first direct current account, with a regular saver account (6%AER) However, I'm looking at also opening a santander account to make the most of their 3% interest on current account balances, before then putting the monies in an ISA. My concern is that, as I'm looking to secure a…
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Looking for a 'small mortgage loan' broker?!
Hello, First post here but I have been a regular lurker on this forum. I have won a bid for a property on an online auction. The total cost of the property is £31,200. I have a deposit of £12,500, that leaves me with an outstanding balance of £18,700 to be paid within an 8 week time-frame that starts this week. I have…
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How Long Should I Fix For ?
Hi Guys I was hoping someone could advise me please. I am going to transfer my mortgage and fix it with First Direct £65k mortgage on a £150k house - the rates are as follows 3 year - 2.69% @ £529 month 5 year - 3.19% @ £544 month 10 year - 3.48% @ £553 month What are people's thoughts? - I was going to do 3 yr fix, 10 yr…
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Leaving joint mortgage
Hi everyone some advice needed please. My partner has a joint mortgage with his ex partner who is still living in the property with their 6 year old son. The house is in around 20k equity, the problem being she will not sell or buy him out He does not wish to be on this mortgage anymore and we wanted to know what his…
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Nationwide 10 year fix - existing customer question
I've been reading about the Nationwide 10 year fix mortgage deal that has been reported in the press this week. We currently have our mortgage with Nationwide and are not tied into any "fix" or other "deal" at the moment. I'm a bit in the dark about how it would all work if we decided to sign up for the 10 year fix. Is it…
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can applying for interest free payment plan compromise my mortgage offer?
Hello I'm reposting this as I didn't get a response. My mortgage advisor doesn't seem to think it's an issue but second opinions welcome! My dentist offers to spread the cost of my treatment over 18months, interest free, about £250/mth- very tempting and of course I applied for it without thinking! I'm in the process of…
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Natwest mortgages - Terms and Conditions of Porting
Can anyone shed any light on Natwest's T&C's for porting an existing mortgage? I am most interested to know what period (if any) between moving out of the existing property and moving into the new one is allowed in the event that sale and purchase are not on track to coincide. Any help would be greatly appreciated.
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First Time Buyer Advice...
Hi everyone, I'm new to this so thanks in advance for any advice you can offer me! Myself and my fiance are fortunately in the position to be buying our first home later on this year (he will qualify as a doctor in July so as soon as he starts work we are good to go!). After renting for the past 4 years we have finally…
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Is there need for a broker
Hi, Im relatively new to the mortgage game so my experience is up to scratch as others having only had a mortgage for 4 years but ive seen what looks like a good deal online but is it worth getting a broker involved? What do they do differently that i couldnt do myself? Are they worth the fee / hassle if the product ive…
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Local Lend a Hand
We bought our house on the Local Lend a Hand scheme at a fixed rate for 3 years. So the government puts in the extra 20% deposit to give us a lower rate. Am I right in thinking that when my fixed rate ends I am best to stay with the same bank (as the scheme isn't with anyone else) and that when the 5 years is up our…
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Discharged BR - letter or certifcate?
Hi We are currently looking to buy a house and I am a discharged BR. Do I need to pay for the certificate or will lenders accept the letter (stamped) I got from the OR on early discharge? Thank you in advance.
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Is it possible to get a mortgage like this?
Hi folks, have a question for you regarding getting our first mortgage.. Basically the wife and i are renting a property off of a family friend, with the intention to sell it to us, he had the property valued the other day and the value has come back as valued between 145 - 150k. he would like to sell the house to us for…
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Is it worth me applying for a mortgage/AIP?
I wonder if anyone can help. I started a new (permanent, full-time) job in December 2014, having been in full-time permanent employment since graduating in 2011. I also relocated in Dec 2014, currently living in lodgings. I've been checking my credit files and Experian are rating me at 999, Equifax at 357 and Noddle at…
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Natwest AIP
Hi, Im wanting some advice on what a Natwest AIP actually involves so far as credit search is concerned. I only ask as im waiting for some credit card balance's which have been paid in full and a mortgage search done in error to be removed from my report, im informed they should be gone in around 5 days. I want to know if…
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To sell or keep property - advice from Mortgage advisors please!
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Misold mortgage endowment
My Wife and I took out a mortgage in August 1987,as I was in the forces at the time and was posted to the Falklands we took the advice of the Estate agent who was at the time I think an agent for ( Commercial Union which later was taken over by Aviva ) to take out an endowment mortgage as it would pay off the Mortgage and…
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By-To-Let; Interest only or repayment?
Hi folks, We're considering buying a rental property. Whats the general view on interest-only vs repayment? My initial instinct was that repayment is the way forward (I was actually surprised that one could even get an IO mortgage for Buy-To-Let) I've spoken to a couple of friends who have rental properties, and they seem…
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Mortgages for sub contractors
Hi just a quick question, Does anyone know of any mortgage providers that class sub contractors as employed. I know halifax do because they just look at my wage slips and i pay tax on them so they class me as employed. So was wondering if anyone else knows of any more providers. Thanks
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mortgage mis sell?
Just wondering if anybody has successfully claimed that their mortgage was mis sold. I took out my mortgage in 2004 with my ex husband (who is still named on the mortgage) we split up in 2006 and had 12000 in debt between us. My ex husband spoke to Northern Rock (who the mortgage was with) and they suggested that the 12000…
