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Is it worth overpaying a fixed rate mortgage?
Hi, we are in the process of moving onto a new fixed rate mortgage and will shove in all the savings we have made before the new one starts. My question is this: How is the fixed rate calculated? Is it better to keep putting in overpayments whenever I can or is it better to save those in an ISA/similar and put them in the…
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Halifax Mortgage Query
Evening All, Looking for some advice please regarding mortgage application. We have put a full application in today with Halifax through a broker which we knew from day 1 from the DIP that it would need to be looked at by the underwriters. Our broker was quite surprised we passed the DIP as my husband has a couple of…
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Mortgage appointment advice (next week)
I've arranged an appointment with Yorkshire BC for Monday & have been sent an email which slightly worried me: Will this be his attempt to force PPI etc on me? If I refuse will that greatly affect my mortgage chances? Death - my pension has "death in service of 3*salary" is this valid? Illness - how long is long term? My…
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AIP with Woolwhich
So today we did an AIP application with Woolwhich and it was approved for the amount we need. When we got to the end of the application it asked us to book an appointment with a mortgage advisor in branch and broke it down what documentation we would need to see. For me it asked for 1 payslip, 1 bank statement and passport…
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Fee from estate agent
Hi, I'm new to this site and looking for some help. My partner and I have saved a deposit for a property, we viewed a property and really liked it but I received an email advising the estate agents buyers premium is £1250+VAT. The house wasn't from an auction but if they don't sell will go to auction. We are gutted as we…
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MSE News: Mortgage benefit to be cut for 167,000 struggling households
From 6 July, the amount the Government pays to recipients of its 'Support for Mortgage Interest' scheme will fall... Read the full story: Mortgage benefit to be cut for 167,000 struggling households Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our…
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Mortgage application headache - Golden Tips?
Hi, I'm hoping somebody may be able to give some advice, or some tips for getting this done and dusted. My partner and I have applied for a mortgage through London & Country and Nationwide. There has has been some really bad practice on L&C's part, and they have been forgetting to forward documentation to Nationwide. A…
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mortgage in 12 months
in 12 months time ill have a default drop of my file, its from a loan which NatWest have said they are no longer chasing. so once the default drops from my file will I be clean or because I never repayed the loan will it still be classed as been indebt and affect how much I can apply for que the " repay your debts bla bla…
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Being left a house with buy to let mortgage, can we remortgage as residential?
My mother in law is very ill and doesn't have long left. She is leaving us a house on which she has a buy to let mortgage. We are the current tenants (although I only recently found out that her mortgage provider doesn't allow renting to relatives..) and want to personally own the house. We are also bring left a pension…
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Santander application still causing me stress!
After my initial post, I spoke to Santander about our application that is with the underwriters. It was sent to them via our broker (who couldn't seem to care less!). I wanted to see how long our application would take to be rejected/approved and was told next Tues/Weds which is fine, but they also told me that the initial…
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endowment name change
I took out an endowment whe my so was young. I split from his mother and after court battles havent seen him for 9 years the policy is maturing can I change the name to mine without his signature othetwise the cheque eillnever be cashed
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Should i be worried?
My new build completion is due end of this month, ive been very good for 6 months and not obtained any credit and kept everything cash only. I am in the trade and opened a new account from a rep with howdens joinery, i did not know it was going to be a bloody credit account, i only found out when i went instore to buy…
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FTB - Mortgage Application Question
Hi everyone! I'm sorry if this has been asked before & I understand the nature of the question isn't really 'money saving'; but I've received so much help from the replies on this forum already, I thought I'd ask! :) So some of you may know that I'm looking to buy my first place.:D I'm a single applicant (as I have…
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Mortgage application process
Hello all, I have a feeling your answer are going to be just be patient however I am slightly confused and just wanted to see if anyone knew the process with Halifax regarding a mortage. So basically I had an AIP from them found a house and then went back to my broker on Wednesday where we submitted a full application. He…
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Santander Mortgage App trouble ahead
Hi everyone Some advice needed please!! I'm on pins! Applied as a FTB to Santander, got the AIP via our broker at weekend (online in minutes) and full app went to them on the 10th. We got an email from our broker saying it's gone to underwriters, is this normal practice or a sign of trouble ahead?? Our application is a…
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Scottish mutual/pheonix with profits endowment
Guys I have a 25 year Scottish Mutual WP endowment maturing next year(Pheonix have been managing for past 10 years or so).The sum assured is £48k but it has bonuses attached from the Abbey Nat takeover of Scott Mut way back.Does anyone have any idea how much I am likely to get back?
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Expat mortgage
Apologies for bringing this, I have been through few posts already but my situation is bit different, hence new post. I am British national and recently moved to Australia (on PR visa) for good. I have one mortgage free flat in London which is currently tenanted, getting £800/month as rent. I am planning to release some…
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From repayment to interest only dilemma
I have a an 800k house with 455k mortgage and with three kids under 5 I have started to feel the pinch of having to hire a nanny as my wife returned to work to keep her job as she is still in GP training. I am on a weighted 3.53% repayment coming in at 2337/month but am seriously tempted to move to an interest only…
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Cashback straight forward?
Hi, I got my offer accepted Today and have decided on going with Yorkshire BC for the mortgage (if they will have me & don't throw out some fees I haven't already read about). As I'm taking a short term mortgage the fees are more important than the rates. Does anybody know if they tend to have secret conditions to avoid…
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Current mortgage and relative advice
Hi there, Just looking for a little guidelines and if it's even a possibility. My husband and I have mortagaged flat and will be shortly be moving somewhere bigger. That part is all fine and will go ahead. Ideally we would like to hold onto our flat and change to a buy to let. However I wondered if my mum would have been…
