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Opinions on mortgage offer please
Okay I've rang hsbc today for the best deals I can access. I have a house valued at about 300000 - 320000. I have 2 mortgages 1, about 36000 lifetime tracker on interest rate of 2.14% 13.5 years left 2, about 101000 lifetime tracker on interest rate of 2.69% 18.5 years left There are a few options.... Pay £299 fee and put…
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All advice welcome - selling a house!
Hi guys, I have just spent the last hour or so reading various related topics to what I am about to post, but as none of them are identical to my own situation, I wanted some fresh ears (or eyes!) I bought a house almost 8yrs ago with my (now) ex-girlfriend. We are joint mortgagees. We lived in the property together for…
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Pregnancy and mortgages
We got out mortgage offer in last week and a thought crossed my mind that we better not get pregnant before we complete! Of course that is ridiculous but it made me wonder whether one would have to declare pregnancy at some point. In the application they ask whether you foresee a change of circumstances - should pregnancy…
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30 year mortgage, but overpay monthly
We saw a broker last night who was explaining that there is no guarantee that when you come to the end of your fixed rate mortgage that a lender will then let you extend your term (i.e. if we take a 25 year mortgage and then want to extend the mortgage after 2 years to reduce costs when you have kids, letting us extend the…
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Natwest exchange and completion
Hi, Can someone please tell me how long Natwest require between exchange and completion? we are looking to complete the 20th but I saw a passing comment that Natwest require 7 working days so this would being it to the 8/9th for exchange. Can anyone tell me if Natwest do require 7 working days to release funds for…
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Deposit
At what stage does the deposit exchange hands?
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aviva endowment
Hi had my maturity value as shown in previous thread. Not being that financial literate . How can I confirm that over the last 25 years aviva has acted on my best behalf and returned to me the best returns . Say one year my pot of cash grew by 2% or 6 % how do I know I got the best return for me . Do I get 90 % of the…
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My conveyancer asked for my mortgage funds and held them for more than a week!
I am currently in the process of buying my first home, I have had continuous problems with my conveyancing solicitor and last friday they had mortgage funds released of £92700 and we were told that we were due to exchange and complete on tuesday. However come tuesday when i rang the estate agent she told me a completion…
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Nationwide Existing Customer Remortgage
I am coming to the end of a two year fixed rate with Nationwide who are offering competitive rates to their existing customers to remortgage. I have checked using their online system, however it simply shows the new rates offered at a lower monthly amount keeping the existing term. Ideally I am looking to switch to the…
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What happens at the end of a 2 year fixed mortgage?
Hello, I am pretty clueless when it comes to mortgages so I would apprecitae any help. I am currently paying 3.99%, which is £410 a month Looking to possibly reduce my monthly payments I have found a 2 year fixed rate mortgage, offering 1.99%, which is £310 a month. After the 2 years it switches to 3.99% SVR My question…
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use all savings for mortgage?
hi, i'm 25 and have been patiently saving and still live at home. I'm proud to say i've managed to save 23k on my own, i finish uni this year and i'm looking to move out and buy my own place. the question is should i use all my money for deposit? (minus furnishing and set up). obviously it will be horrible for me to lose…
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Splitting Profit from a house sale with an Ex
Hey. Hoping someone can help. I'm selling a house with an ex partner. We have had the house together for quite a few years and it now has quite a lot of equity in it. He has asked me to sign all the agreement papers with the estate agent. I just want to know shall I instruct my solicitor now. The Ex is entitled to slightly…
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Mortgage Payment Holiday or Similar?
Hi, This is my first post, so I hope I'm in the right place. My problem is that I have been off work for 5 months due to depression (I am bi-polar 2). At the end of April I will have been off for 6 months, so my sick pay will drop from full pay to half pay. I am living to every penny of my income...i.e. yesterday was…
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Has anyone challenged mortgage redemption penalties???
I will be paying off my mortgage as selling home 2 years into 3 year fixed rate...and will have a 2% penalty. I can reduce it a bit by paying 10% of o/s balance off just before completion, but it is still £2500 I would rather not pay!! Before anyone says it, yes I knew there was a penalty, and I accepted it at the time.…
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deposit
We are looking to secure a plot for a new build that's due to be built in about a years time. We have had an advisor getting us a decision in principle and ill be getting the outcome tomorrow. What I was wondering is when we would need to give our deposit as we used some of what we had to clear an overdraft and store card…
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Deposit source
So I have all my deposit in my ISA and am completing next week (hopefully). I can't do a CHAPS transfer from my ISA so am going to have to transfer the funds to my current account first before sending them to the solicitor, will this be an issue does anybody know? That the funds will come from a different account? I have…
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Link between Agreement in Principle & full application?
Hi there, We had our DIP accepted recently after numerous problems. To cut a very long story short, the lender was confusing me with a family member who has the same initial and surname as me. I still for the life of me can't understand how this happened as we have completely different dates of birth (some 30 years apart)…
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safe guard financial advice?
Hi Just wondering if anyone has dealt with safeguard before. My girlfriend is looking to buy and they have gave her a decision in principle the property is valued at 140k and she is doing the equity loan scheme for 20% and is looking to put a 10% deposit. It just seems a bit weird they have accepted her in principal when…
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how to buy back-home buy durect scheme
hi, I d like to get some ideas and opinions on how to be able to borrow more money to buy back the 15% the home buy direct owes on my house. I bought my house through that scheme and have benefitted of an interest free lending for 15% of my house but now I have to start to pay a fee every month. I want to borrow more money…
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Mortgage help and advice needed
Please help! I am on a fairly low income but would like to get a mortgage if possible. My annual gross is around £17,200 with tax of £1221.00. My wife is a stay at home mother as our youngest is only 4 weeks old so I am the main bread winner with some additional help from benefits. I have bad credit but have recently…
