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First Time Remortage Advice
Hi. My current two year mortgage deal with Halifax ends in August 2016. I got a first time buyer mortgage with 5% deposit however i have been overpaying monthly (no charge for under 10% overpayment) to bring my LTV to under 90%. My questions, if anyone could shed any light on them, are: - How far in advance should i be…
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New Deal Help
I have come to the end of my existing deal and with few months to go I can switch to a new deal. Thanks to increase in prices my mortgage is now at 58% LTV. I do not want to borrow any money and keen to bring down the monthly payment. When I looked online bank is offering 1.84% rate with no fees for switching. How does…
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Santander AIP
Just got an AIP from Santander with a broker quite high income multiples. Is there any reason why we would not get a mortgage offer?
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Is this possible?
Hi all, Looking for some advice (I have emailed a couple of IFAs but hoping that some people here can help out). I'm looking to buy a second property, which I am hoping to use as a buy to let. I currently have a mortgage on my first house which stands at £155000 with about 30 years remaining (I'm 25). I know that my house…
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Lost portfolio
Hi all… I wonder if anyone has had any dealings with a company called Burke Ford Reed? Many years ago we allowed one of their financial advisors to get us involved in all sorts of stuff… they arranged mortgages, insurances, pensions, etc., for us. We were not very financially astute, being very young and just went along…
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Open unsecured credit affecting Decision in Principle
Hi, I am currently looking for a 95% mortgage for less than £50k and am struggling to get a DIP. I currently have a lot of open unused unsecured credit just under £10k that I just haven't gotten around to closing. Could this be affecting the decision? Should I close some of these open accounts? My credit rating is in the…
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In theory, would this work??
Hi, Currently looking at various ways to improve our life/finances. As my other posts outline, we are currently in 40K of unsecured and have just started a drastic debt reduction journey!! Plan 'A' is to crack on with debt repayment until we are clear ( approx just over 2 years) and then move house. This is probably what…
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Switching my mortgage
HI everyone - i'm a newbie so please go easy on me. At the moment i'm struggling financially. I was made redundant in October 14 however found a new job straight away - brilliant! However I am on less money and there is no overtime. Last week I went to my bank (RBS) for a review of my finances and was told if I switch my…
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Should I use Countrywide to remortgage?
I bought my first house nearly two years ago and used Countrywide to help me find a mortgage deal. At the time it was bundled with a few extras (such as making a will) and seemed like a good deal. I think it was something like £149. Since my original two-year fixed rate plan is almost up, someone from Countrywide got in…
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Undecided about remortgage
Hi We currently pay a variable repayment mortgage at 2.6% which is about £780 per month. We owe £127k and have 17 years left I wanted to enquire about securing a rate for 5 years and maybe raise a little extra to do some work to the property. The IFA has advised me on a re-mortgage with natwest on 2.9% and to raise £135k…
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Searches before offer?
I'm just waiting on an offer from Leeds BS. Just wondered if I send my solicitors pack back now with the search fees (£220) they want or do I wait until I hear from the Leeds regarding an offer or valuation?
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Should I surrender the endownment (please advise & check my math)
The endownment matures in 54 months for a value of 45000 GBP. The current surrender value is just over 31000. I just had an amber alert in July about it potentially returning less than originally intended. Current monthly premiums are 180 GBP, that that will be 180*54 =~ 10k. Current mortgage interest rate is 2.5% APR, and…
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Make an offer with no mortgage?
I've spoken to a broker who has advised me not to get an agreement in principle until we've found the property we want. The broker has all of our documents , bank statements, earnings, my accounts and self assessment docs, passports copies, utility bills and we've filled out an assessment of our outgoings. The broker knows…
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Balance to pay by the completion date?
Hi there, I'm new here and also a first time buyer so would appreciate any advice from anyone who has much more experience in this. Long story short, we have managed to sort out our mortgage and completion is now fixed for this Friday. However, we have a 80% mortgage and so far we have only paid 10% of the property price…
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Any ideas people?
Here's the situation: 8 Years ago, my parents got a flat in Edinburgh and put it under my name. They live there and pay for an interest only mortgage (£110 a month). Now I got married and want to buy a property for my new family but because I already have the mortgage of my parents, I cannot (not with our current income).…
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Part of salary denominated in a foreign (exotic) currency
Hello, I have an option at work to denominate a part of salary in a foreign currency for hedging purposes at a fixed rate, e.g. in KZT at a rate of close to GBP:KZT 620 which then gets converted at a current market rate to GBP (now around 420). Needless to say, a very lucrative option, the gain currently is huge...…
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Mortgage in UK if I have already one in Italy
Hello, I have been living in UK for about 3 years now and I would like to buy a property. I have already a mortgage for a property in Italy. Is this going to be a problem with the banks in UK when I will ask for a mortgage? Thanks in advance to who will help me ! Alberto
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Nationwide credit checks - don't know what to do!
Hi folks, longtime reader here, but I finally need your advice so I've made an account :) My boyfriend and have offered on a house and want to get a mortgage for it - preferably with Nationwide who have some great rates. I'm worried that we will be declined because my credit file is only "Fair- 871" according to Experian,…
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Anyone want to join me!? Disappointed but time to move on
Hi, my move has all fallen through, my fault really. I planned to let my current home out and buy a new place. To do this, I need to re-mortgage to but to let and release some equity. I was doing this on tight margins, when I applied to Nat West I estimated my current home to be worth 80,000 (estate agent valuation),…
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7 Months In - Additional Mortgage
Hi, We started our Nationwide mortgage 7 months ago. However we now need to take a further advance to help fund an extension to the property. The question is....is it too soon? Will Nationwide even look at it? If i'd known at the time I would have just plumped for a mortgage with a smaller deposit. Property value…
