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ERC is more than my existing payments - natwest mortgage. Please advise!
Hi all, I currently have a fixed term Natwest mortgage for 2 years which is due to run out in March 2016, 5 payments of £600 remaining. I am moving house and am going with a new provider, suspected completion date is in December when I will only have 3 payments of £600 remaining, however the early repayment fee on our last…
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Standard Life MEP
The Standard Life Homeplan with profits endowment into which I have paid £39,000 over the last 21 years is due to mature next month. The payout is going to be around £48,000 versus a target £60,000. No surprises, the red alert has been flashing for years, but this was not a low-cost plan and the outcome is pretty pathetic.…
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Compliance issue with Equity Release application
We have received an email from our financial advisor late on this Friday afternoon saying there is a compliancy issue with our application and cannot submit the form. We have had our hopes built up and feeling 99.9% sure the application was going to be accepted and now this news. The only thing of is the issue we can think…
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Divorce - Transfer of Equity / Additional Borrowing
Hi, I'm going through a fairly amicable divorce and looking for advice on the most financially efficient route to proceed. As part of our settlement, I will buy out my ex from our property at 50% of the equity of the latest valuation. Some key facts to assist, the property was bought for £390k and is now worth around…
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How long from credit search to offer?
We had our valuation done a fortnight ago for a mortgage with nationwide, we have just had an alert confirming our credit files have been searched again by nationwide.... How long from the search on full application until people recieved an answer or offer for mortgage?
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First time buyer help
Hi everyone. I'm hoping for some advice on my situation - apologies if it's a little long. Following my separation and then divorce from my ex husband, I moved with our three children into private rented and left my ex in the marital home. When we bought that house from my parents at a price significantly below market…
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Valuation before offer?
Having the house I'm buying valued on Tuesday, going with the Leeds BS and the valuations as free. I've not had an offer yet so can I assume it's going ok...so far at least??
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Joint mortgage rejection HELP
Hey Everyone Any advice greatly appreciated... My gf and I have had an offer of £180k accepted for a new build house. We have a deposit of £20k which comprises of £13k we have both saved and another £7k (a gift from my parents). We went to see HSBC who had the best rates and they agreed an agreement in principle. My gf…
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Valuation money taken but not booked?
We had our mortgage application submitted on Monday 5th, decision in principle received on 6th and valuation money also left our account that day. As of today though, no one has yet contacted the agents to book in the valuation. Is this normal? We know the vendor is quite keen for things to move quickly, does anyone know…
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Mortgage Bad Credit
Hello everyone, Just after some advise. My wife and I are currently trying to buy our first home. We have the deposit ready but due to mistakes made a couple of years we have a bad credit rating. We are both in full time employment with a good combined salary and trying to get our redit rating in the green. Is there…
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Which of these mortgage deals to go for?
Deal 1 fixed for two years 1.83% with £995 fee Monthly payment £341 Total cost over the two years £8192 Remaining debt at end of two years £79,467 Deal 2 fixed for two years 2.39% with £0 fee Monthly payment £360 Total cost over the two years £8649 Remaining debt at the end of two years £78,896 So Deal 1 has lower monthly…
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Have you had trouble getting a mortgage while pregnant?
I'm an approved journalist and have been given permission to post messages on the forum by the moneysavingexpert.com moderators. I'm writing an article for the Observer next week on getting a mortgage while you are pregnant. Looking for a case study who is willing to be photographed who had problems sorting a mortgage…
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How reliable are AIP's??
Last night, purely out of interest, I punched our figures into an AIP form just to see what happened. Apparently it is only a soft search so leaves no trail on credit file?? We were accepted although it was for slightly less that we would like. How common is it for an AIP to be accepted and then for the actual mortgage to…
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Help to buy - Mortgage with some debt consolidation
Hi - we have spoken with a broker and are planning to take a help to buy mortgage to buy our new home. We have some credit card debt, but are planning to pay this off as part of the move, so that we can reduce our outgoings. I found this on the Halifax for intermediaries website, on the help to buy section and am a bit…
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delay in clearing DD - con?
I am in the process of remortgaging and as there has been a slight delay our solicitors have had to requested a new redemption figure from Birmingham Midshires. As BM unhelpfully do not take the monthly repayment into account in their calculations we have had to wait till after this months Direct Debit payment has been…
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One more question
Sorry I already have a thread on here but its so complicated I thought I better ask this question separately. So, we have been approved for a remortgage by a lender for people with adverse credit. The rates is 6.59% fixed for 2 years. Mortgage is £142500. LTV is 75%. Monthly repayments: just shy of a £1000 a month. At the…
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if the fee free valuation is carried out is the mortgage a given?
The title says it all really. Anxiously awaiting my mortgage offer. Got the phone call today to book a valuation tomorrow, for which is free with the mortgage. So can i relax that they are obviously happy to lend me the money providing the valuation matches mine? Any ideas how long after valuation before offer is made? tia
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Who Do I Contact?
Hi there We have had an AIP for a remortgage, from a lender that deals with adverse credit. In our case, very adverse credit - so yayyy! :beer: One of the conditions is that an unsecured joint loan which I am no longer liable for, is cleared. I'm really asking for advice on how to go about doing this. The loan is now part…
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Agreement in Principle: interest rates guaranteed?
I think I know the answer, but just to double check: If I have an AiP which specifies a certain interest rate for the loan amount and terms (e.g. 5 years fixed), is that just an example for the rates on the day the AiP was generated, or is that actually a guaranteed interest rate in case you go for a mortgage based on the…
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Nationwide Refer
Hi, I was recently looking at my nationwide online account and it said under offers that I could potentially apply for a mortgage. I was a little shocked by this as I have a couple of defaults that are 5 years old. We have been saving like mad and now have a £30,000 and are looking for a mortgage of £150,000. We tried to…
