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Overpayment
Hi All, I currently have a Nationwide Mortgage part repayment, part interest only (basically I have an old endowment policy) where I overpay about £500 per month. The bank automatically apply my overpayment against the repayment element, however I have the option to change that to the interest only element. What's the…
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New mortgage confusion; I can't figure this out
Hello all, I've just started a new two year fixed mortgage and I'm a bit confused on the figures and wonder if anyone can shed any light on them? Our first mortgage amount was £1706/month so when we've got subsequent cheaper deals I've always either over paid or saved or a combo up to that amount. We've just moved from a…
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Inheritance & Equity Release HELP!
I need financial / life advice please :0) I have separated from my husband and live in scotland he lives in England. We had a marital home which he bought and have recently found out he transferred it to his brother so now I have no claim on it. (Been to lawyers and this is the case). I will get zero from him as he has…
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First Time Buyers -Early Stages
Hello All. Myself & my partner are about to start the process of looking for our first home. Back in October, we got a DIP from HSBC based on us saving £15k. We currently have half of that saved so decided to book an apt with a MA to discuss the possibility of a 5% deposit. I then logged onto this forum yesterday and have…
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Removing Ex-Wife from house deeds
Good Morning All!! Bit of advice please. I need to remove my ex-wife from the deeds to my house. We purchased the house in September 2007. We separated shortly after in December 2007. I have had no contact with her since. We are divorced. I have tried to contact her via solicitors but had no response and it has cost…
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Mortgage renewal tips.
I've been wanting to renew my mortgage. Been thinking of doing it from Northwood Mortgage, here in Ontario. Would love to hear some tips and advice on things I need to keep in mind before making the renewal.
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General new job requirements for mortgage
Hello all My family currently lives abroad, and will be moving back to the UK in September. I have been offered a job as managing director of a small company. We currently own our own place here, and will be selling this to buy somewhere in the UK. We are trying to work out when would be the best time to sell though -…
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LTV & Fee
Hi, am I right in thinking If had a house worth £100,000 and a mortgage of £69,500 so an LTV of 69.5% and when remortgaging add £1000 fee onto the loan this would then take the LTV to 70.5% or would the LTV be the amount without the fee? Many thanks in advance.
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Do I have to hold a current account with my mortgage provider?
I hold my current account and mortgage with First Direct, who have told me that if I switch my current account it will invalidate my mortgage. Is this common practice or does it differ between banks?
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Concessionary Purchase Mortgage
Hi there, long time lurker, first time poster! I have done a lot of searching, but can't find what I'm after. We've been in our rented home for three years. Our landlords have decided to sell, and have offered us first refusal. They had a valuation done, and it came back saying the property is worth 150k. This is more or…
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Do I have a right to be annoyed at the OH?
We've been saving for a deposit for ages and I've been tidying up finances/credit score for a while now in prep for mortgage application. My other half has just admitted that over the Christmas period he used a large chunk of his overdraft, received bank charges and withdrew cash on credit card a couple of times. (despite…
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Doctor couple on zero hours contracts
My daughter and her long term partner from college are looking to buy a house. Recently both have opted to locum to earn good money for less stress after slogging through the recent years of uni and junior doctoring for a couple of years. Tthey are set to non locum on full contacts again from august this year but want to…
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Mortgage application...but one of us is off work sick?
Hi all Just after some advice. We've had an offer accepted on a house and have a DIP from HSBC. However things are a bit complicated. My other half is currently off sick with stress/depression from work, the GP expects him to go back at the start of march once his physical side effects from Meds have settled down. He's…
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My son has just bought his first home and I'm wondering whether any companies would l
My son has just bought his first home and I'm wondering whether any companies would let us offset our savings against his mortgage?
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Applying for a mortgage whilst been on SSP for a month
Hello, I am applying/going to be applying for a mortgage. I have excellent credit rating and a large deposit, the only issue I have is that I have been on SSP for a month and a bit due to an operation. I'm due back soon. I have proof from my employer of my income, bonuses, overtime etc and that I'm still employed, but I'm…
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Mortgage advice
Wondering if anyone can give me some advice to this situation. I'm on a residential mortgage (now just gone onto SVR) though had written constent to let on a residential mortage. I used to let it out, but no more. The tennant left a few months ago & I now taken the house back in 2015. Ok I did forgot to inform santender…
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Carney-rate rise kicked into long grass
http://www.telegraph.co.uk/finance/economics/12140267/uk-interest-rate-rise-pushed-on-hold-bank-of-england-mark-carney.html Have any lenders actually cut rates or will they take time to filter through? I'm been look at CO-OP Britannia 5 year fixes on 60 LTV and been fairly stable for the last few months, 2.64% with no…
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Underwriting Process - Halifax
Hi, Our mortgage application got referred to an underwriter who has since requested the following information over two days: 1) a letter explaining previous glitches and reason for notice of correction being added. (2 days ago) 2) proof that wife is going back to work full-time after maternity and whether we would incur…
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Do mortgage brokers really need this much chasing????
This might sound like a dumb question. We saw our broker sat, gave him everything he needed and he said he was going to call Halifax Monday to ask them a few things then put our dip check through. Well we didn't hear anything back Monday, called him Tuesday and he said his internet had been down all day and once it was up…
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Help with debts and saving for deposit
Hi, hoping somebody can just offer us some advice! Me and my partner both have a loan each, paying off work we had done on a previous property we owned. We had a lot of debt on credit card too and sold our house to try and sort it out. We are now currently renting after selling up and paying credit card debt off and…
