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Mortgage advice regarding unarranged. One for broker.
Hi there, I know I'm stupid yes, Have a IFA and have been offered a flat to buy from a new build company. The ball is rolling my mortgage broker is looking for a mortgage, this is difficult for being a 95 ltv as it has a commercial property under it, My question is? I have two bank accounts, one my bills come from and one…
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Mortgage Query
Hey there, newbie here, don't hurt me! I have a conundrum here. We inherited a house which needs renovation. We plan to move in within the next three months and then rent out our current home. However we need to borrow approx. £60k. Our current property has enough equity in it to cover that but our bank won't allow us to…
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getting a mortgage on a 60 year leasehold property
Hi would I have a problem getting a mortgage on a 60 year leasehold property cheers
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Fix deal coming to an end... Advice required.
Hi, Our 2 year fix deal is now coming to an end this month and we will automatically transfer onto Nationwide's 3.99% SMR rate. We would like the security of knowing how much we pay each month so would like to fix again and we have the following options: 2 year fixed 2.44% £999 fee £434 p/m 2 year fixed 2.84% No fee £460…
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Changing from Interest only to repayment mortgage?
I am currently looking into changing my interest only mortgage to a repayment mortgage as the interest rates have been so low that they are affecting my savings and I am going to be short of a few thousand pounds by the time my mortgage matures. I just need to know the risks of changing to a repayment mortgage and what…
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Using a pension to pay off mortgage - AVC tax advantages?
I have 15.5 years left to run of a 75% LTV mortgage ( £82,759 on flat worth £110,000). As a 49yo divorcee emerging from a "financially constrained" situation I have been paying only interest towards the mortgage, which I took it out 3 years ago. I told the bank then that my pension will be the repayment vehicle, which they…
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1st time buyer 10 year deal V's 3 year deal
Hi all, Going to apply for first time mortgage in next couple of days. As is known rates are exceptionally good right now. I am considering potentially a 10 year deal with TSB 4.7% overall APR Or 3 year deal with Halifax 4.3% overall APR What are the drawbacks of the 10 year deal? If this is exceptional rates and I plan to…
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Buy-To-Let as a Self Employed
Hi, I would like to take mortgage to buy the property and start make some money out of this, however I'm unsure if Im eligible for mortgage being on low income. I'm self-employed for 4 years. So Basically I'm planning to buy property as form of investment worth around 80-100 k, I manage to have deposit of 15k (However I…
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Chances of extending remortgage final drawdown date?
I know we are planning ahead here. There are a few reasons we want to know now where our finances are going to be for the coming years. Our current mortgqge fix has an ERC that ends 1/8/15. So, we like the TSB 10 year fix. We will be around 70%ish LTV, so will be in the 3.59% rate. I have had a good look at the lending…
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Mortgage on shared ownership
Fixed mortgage for 2 years up to end of 2016 with 5.29%. My mortgage is for £104,600 for 20 years. I pay £713 every month. This is my first mortgage. How do I get a better rate beginning end of 2016. I do not understand how the mortgage was calculated. I still feel lost in the payments.
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Help please
Hi there im in a mess we are currently on a dmp with stepchange ,and that's fine, we are self employed both 55 our mortgage is with the Woolwich and is paid in approx. 2 years the only problem is we have a reserve mortgage that has a 43,000 reserve and I don't know how we are going to pay it before the mortgage finishes…
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Mortgage prospects, self employed, AIA etc. Some advice please...
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Liklihood of getting two mortgages at high LTVs?
Hello - A quick query, thanks in advance for any responses. My husband and I are planning to move house later this year to get a place that's a bit bigger. We have lived in our current house for a while and it's occurred to us that we may be in a position to keep this house to rent out and buy another house to move into.…
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Do we have a chance of a mortgage
I have 2 defaults that are over 5 years old and both settled and one ccj for £400 which is also settled and is 4 years old. I have no missed payments. All of the above only shows on equifax but not experian. My basic salary is £20000 and I receive £20000 in commission, I have been payed £40k+ for the last 3 years. My wife…
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Changing mortgage deal without re-mortgage/credit check
Hi all, My existing tracker has expired a few months back and I'm now on the SVR. Myself and my partner are just about to take a loan out to pay for our wedding. My existing lender (A&L) will let me view deals online I can switch to now I'm out of my deal, they're a little higher then elsewhere but perfectly reasonable.…
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Mortgage application, defaults and pdl....
Hello everyone. I am desperate for some advice on my circumstances and to see if anyone here thinks I've got a chance of getting our mortgage application approved. I and my partner are looking to get a mortgage of about £200k, for a £280K house. We already have a DIP with the Halifax and are going in to put in a full…
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First time buyers, mortgage stuff, HELPS
Hi all, So we are first time buyers, both in full time work and looking to get a mortgage, we are very lucky and have a big deposit ( 100k) for the house we love which our offer has been accepted. However, my partner went to HSBC today to try and get us an agreement in principal, however we were turned down straight away…
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Transfer of equity problem
Hello, I bought a house with my ex and when we separated 6 years ago I stayed in the home and continued paying the mortgage myself. Two years ago I had a letter from my ex's solicitor asking me to buy her out of the house, I accepted the amount asked for, signed the document and returned to the Solicitor. I have paid the…
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Woolwich Permission To Let Update Policy.
Hi, We applied last Wednesday for Permission To Let on our property. Today we got a letter saying they have updated the policy so we have to re-apply! (wasting a week) Has anyone else got this letter?
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Changing mortgage product or mortgage provider
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