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To Staircase or Not (Shared Ownership)
Hi All, I am in a fortunate position to have bought a one bedroom shared ownership property in an 'up and coming' area of London a couple of years ago. At the end of my two year fixed mortgage, I decided to investigate the possibility of staircasing from 75% to 100%. The RICS surveyor valued the property at 50% more than…
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Saving a deposit for first time mortgage
Hi I'm making my way to saving for a mortgage deposit. I've got about 12k now, but i have a 5k balance on an interest free credit card. This deal ends in May 2016. I think I might be in a position to buy a house towards the end of 2016. After speaking to friends I have had mixed opinions. Do I look at using the 12k and…
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Old Northern Rock Mistake - owned up to...
Ok, 8 years ago when I re-mortgaged, Northern Rock made a mistake with the redemption figure and told me a few months later that I owed them 2 grand. Because this was their error I said I would pay them a tenner a month. Which I've been doing for 8 years (ha ha) Over the years, NRAM have been trying to get me to complete a…
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Mortgage - buying house miles away from work address
Hello I am wondering if anyone could give me some advice. I bought a house 3 years ago in glasgow when I worked locally. I got a new job which involved working in London. I travel down on Sunday evening and live with a family member during the week then travel home to glasgow on a Friday after work (flight) and stay in my…
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Lender Conveyancing Charge
After searching for the best buy mortgage for my intended purchase, I came across the HSBC Fee Saver 5 year Fix at a good rate. Just started going through the application and despite being a "fee saver" it stated that I would need to pay a £295 conveyancing fee. "Please note ......<snip>.....This fee is in addition to the…
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Switching mortgages with existing lender?
Hi after some advice plese :) We're with West Brom and still have 2 years left of a 10 year fix ..went into it a few months before the rates plummeted! ERC applied for another 2 years and comes to £3800, and have £95k to pay on the mortgage - have £60-70 equity in the house so LTV is around 60%. Anyone know if we'd be able…
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Buy To Let
Hi - I am new to all of this - I am looking at purchasing a BTL property that has a commercial unit on the same title...the commercial until will be empty once I complete on the purchase and I have no plan to re-let. Does anyone know any lenders who would look at this as I seem to be struggling?
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Mortgage Offer withdrawn 10 years on....
Hello Everyone, This is my first thread so please be gentle. I have a question about mortgages that concerns my elderly parents, who are both in their 70's and pensioners. Just over 10 years ago my parents were mortgage free with a property worth at the time around £350k. They wanted to purchase a holiday home in Ireland…
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Will I Qualify For a Mortgage
Hi, I'm a 39 year old and currently own a home with my ex - however, we are seperated and now selling the home. Following all sums, I think I will be left with a balance of £18,000.00 I earn a salary of £25,000 pa I had a mortgage of my own on a flat which I paid diligantly for 12 years. I have credit card and loans of…
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Wife Destroying Credit Rating
Went to get my usual finance loan on some new work equipment last week only to be knocked back. This is a company i have used three or four times previously and I've always paid the loan back early plus my credit rating is as high as possible. So Ive looked at my credit file to discover that for the past 14 months since i…
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Refused a mortgage due to a owning a buy-to-let?
Hi, My back story is that my parents never planned to pay their mortgage by the time they retired. I'm not sure if this was due to selfishness, stupidity or laziness but lack of money it definitely was not. When they came to me pleading to help a couple of years ago I could hardly refuse, it was either that or see them…
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HSBC Mortgage
Hi, I have an outstanding mortgage balance of £36,000 with HSBC. It has 11 years left but am fixed on a 3.5% fx for the next two years. After the two year I will pay the mortgage off in full (I will not face a penalty after the fixed period). My question is, I now have the option of over paying 10% of the total mortgage…
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Overpaying
I'm currently halfway through a five year fixed rate with Santander at 4.49% on a standard repayment mortgage. The rate is not great, but when we took it in 2013 it was the best we could get with 15% LTV, and with significant credit card balances, and so affordability was very tight. Fast forward a bit, and the credit…
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Halifax mortgage employer reference
Hi Myself and my partner are due to complete in 2.5 weeks. I was wondering when is the latest that Halifax would ask for an employer reference? Work haven't informed me that they've been asked for one yet so I was curious as to whether Halifax ever ask at the very last minute or whether they are finally content and just…
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Mortgages insurance... Help!
Hi, I'm a bit new to this! I've been looking at mortgage insurance for lose of earnings for my husband. He is currently a contractor for the nuclear industry and they have just been told they maybe laying people off at Christmas. We've realised we need to try and get our mortgage protected but I'm finding all the…
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Pay off parents mortgage
Hi, I am considering paying off my parents mortgage in a few years time, balance will be approx 75k. Are there any tax implications with this? Regards Dollar
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Moving mortgage direct debit ( Barclays )
Hi Currently my D/D for Woolwich mortgage goes out of my Santander current account. Have recently opened a Halifax Rewards account, and want to move the D/D over to that one. Would it be best to just go in my local Barclays branch to sort this out ? Sure I have read on here that Woolwich customer support not brilliant over…
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Mortgage while paying off a loan
Hi all, i'm not taking out a mortgage yet, but I was curious... If I'm a FTB with good credit rating and have a personal loan, can I still get a mortgage? I want to get a mortgage late 2016 or early 2017 but I'm currently thinking of buying a car (because my current one is slowly dying). So right now I'm saving £1000 every…
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Default - Mortgage Options?
Hi, My husband and I are looking to buy a house in 2017. My credit score is good however his is currently very poor - he has 2 defaults, one of which drops off his file in April 2017, the other April 18. We both have a decent enough salary - him £48k, me £32k. Can anyone give a bit of advice on our options if looking at…
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54 year old mortgage queries
I am a 54 year old trying to purchase my home through the right to buy scheme. I earn an average wage and no pension. I have a mortgage broker who has sent me his two suggestions of good deals. Both are with Virginmoney. He had to reduce the pay back time to 15 years with myself paying a small amount toward to initial…
