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Pointless?
Hi all, Just looking to see if this is normal practice because it seems pointless to me. We have almost completed on our first remortgage, we have gone with Tescos and we complete on Wednesday 21st, I have just received a statement from the solicitors stating that Tescos have sent them £89,300 and that we will be sent a…
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Which mortgage should i pay some money off of...
So situation is I have 2 mortgages, 1 for the house I live in and a btl mortgage for a house I rent out. I have approx £3k which I want to use to reduce one of the mortgages. My residential mortgage is a variable mortgage currently at 1.84% with approx £148k outstanding My btl mortgage is a fixed mortgage currently at…
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Can mortgage lender change interest rates during the application process?
Hello, Does anyone have advice in the following scenario: we have made a mortgage application through a broker for a specific product of a specific lender and a specific interest rate. The application process has been lengthy and frustrating, e.g. the lender slow to respond. We were asked whether we would be willing to go…
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Getting 2nd Mortgage due to Seperation?
I have a current joint mortgage with my wife. We have over £100k outstanding, but a fair bit of equity. We are separating, and as we have young children and don't want to disrupt them, they will stay in the family home with my wife and I will look to find somewhere locally so we can share care. I will continue to help with…
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Should I accept compensation or for admin error?
My mortgage company have responded to my complaint by offering me £50. Should I accept it? I hadn't had contact from my mortgage company for several years which wasn't a major concern. They were taking the money and I wasn't planning to sell or change the mortgage. When I called them I was told that they had been sending…
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Clydesdale Bank - We "Don't" Care!
Guys, Just wanted to share with you an experience I am having with Clydesdale Bank at present. Over a year ago me and my partner approached the bank with regards getting a mortgage. We spoke to them in detail before the application as my partner used to be in a trust deed, but this have been discharged for 3 years and is…
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endowment mis sold
I am hoping you can point me in the right dtrection regarding my endowment policy. 25 years ago I took out a policy to cover mortgage with Sun Alliance, since then the company has changed hands and we now pay in to Phoenix. We have recently been informed that there will be a shortfall of £12000 pounds, can I claim from…
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Early Repayment Charges Confusion
I'm sure this will sound naive, but anyway here goes! I'm about to transfer my Santander mortgage to a new product; the lifetime of the last deal (two years I think) is up, and the mortgage is due to change to a more expensive standard variable rate if I don't. However the deal does still have a few weeks to run (into next…
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Would we get a mortgage?
Hi Everyone, Me and my gf are currently living at our parents and we will be buying our own home in the middle of 2016. We have a deposit of 25k, purchase price will be about 160k . Our total monthly income after tax is £2,800 (we have no monthly bills). What I would like to do is have the mortgage over a 12 year period…
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Mortgage Adice/Help!
Morning All, My wife and I are looking to apply for a mortgage but wanted some advice before I do. I had to declare myself BR 5/6 years ago. My BR is coming off my Credit File at the end of January though. I know I currently have a bad credit rating but my wife and I are looking to get a mortgage of 170-200K. We have 280K…
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Mortgage with slim credit file
I'm looking into getting a mortgage and wondering what my chances are. I moved back to the uk and my credit report was blank around 16 months ago. I have a few things on my report now I'm on the electoral roll and I have a current account on there and my virgin media account. I am unable to get any aqua cards etc or any…
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Mortgage question for IT contractor
Hi guys, I am an IT contractor and applied for mortgage with Halifax and offered received on 08/10/2015 based on my daily rate. The property is in Luton, bedfordshire. Now my current contract is expiring on 30/10/2015. I have got a good offer in Manchester and start of contract is 02/10/2015. Now my questions are Do I have…
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Luton searches time frame for house purchase
Hi guys, does any body know or have experience of how much is waiting time period for searches in Luton, bedfordshire for a three bed house freehold. Thanks
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1 mortgage 2 properties ?
I own a flat valued at about 280k there is a 60k mortgage on it. I want to buy another property of similar value as an investment and let it out. my earnings are 40k. I am 50 (aaarrgh) can I use the equity in current property as a deposit on the 2nd property. or what is the best way for me to do it? would so much…
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Should I pay off my Mortgage?
So, I find myself in a position to pay off my mortgage. Waheey!! I don' t have any other real debts other than a couple of hundred pounds on a 0% credit card with a standing order set up to pay it off before the 0% term ends. I'm 46 and will be considering moving one more time: downsizing when the kids go. Although I'd…
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AIP nightmare help wanted!
Hi Right in A situation we have a mortgage adviser who we have been dealing with since early Sept we went in for A property but had to pull out due to pension deposit release being delayed. We have since found another property our adviser has stated how much we can borrow and who with but this property is A repossession…
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Buying 2nd house, renting out 1st.
We really need a bigger house so our children don't have to share a room so we are thinking about buying another house in a few years time. Currently have a house valued at £130,000 (valued last year) and have around £70k left to pay on the mortgage. We would love to keep this house if possible and rent it out. Can you…
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Older Person looking 10 year mortgage
I have a friend who is retired and in her late 60s - she has a pension income of £22K Per Annum and a mortgage free property worth £350K. She wants to help her son buy his first property and wants to be able to give him £30K towards a £40K mortgage. She does not want to use her savings for this purpose but would like…
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Calculating buying power for move
I suspect this is a really easy question that i'm just getting my head in a twist over... I'd like to work out what I could afford with my next move - I have an existing mortgage which i have paid off a chunk of, and i want to know what i can afford taking that into account... How do i work this out? All the calculators…
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Retention Products
Hi My fix will end in June 2016 and would ideally not have to go through the new affordability checks as I just managed to get my previous mortgage the month before MMR was introduced. My Current deal Halifax 90% LTV 4.79% 35 Years The new LTV should be 75% (conservative estimate) but will Halifax use a database or come…
