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Self Employed Lower Income Big Deposit Problems
I'm a MSE Newbie (on Forums anyway) - and traditionally I've been awful with finances but with a rapidly expanding family I've had to grow up quickly. And I need some help. I'm going to keep this to bullet points because it could get very confusing, very quickly. * Looking to move * Selling at £315k * Remaining equity =…
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Nationwide Bmr v 10 year fix
Hi all, currently on Nationwide Bmr which is set a Base rate plus 2% (currently 2.5%). Owe 72k with a LTV of approx 78%. Current payment is 299 but overpay my 150 a month and have done since 2013. Nationwide offer a 10 year fix at 3.04% with no fees. I would continue to overpay 150 a month for the full 10 years barring any…
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What Happens When You Move House?
Hello! My partner and I got our first mortgage a couple of years ago and our 2 year fixed rate is coming to an end so I'm shopping around for a new mortgage. I'm thinking of the future and when we might want to move. If we took a 4 or 5 year fixed rate mortgage now, what happens if we want to move before the fixed rate…
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Best lifetime tracker (below 2%)?
Hi, I am looking for the mortgage (remortgage) with the lowest rate (and reasonable fees) for a lifetime tracker (LTV below 40%). I found 1.75% (+£999 fee) from Coventry BS, but then realised their flexx product is not really a tracker, but on variable rate (so they decide the rates). After that, I found 1.99% (+£950 fee)…
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RIC Survey
Hi, Apologies in advance if this thread is in the wrong forum. Does anyone know, to sell a property, a new build less than 5 years old, is it the sellers responsibility to provide a RIC survey? Living in England, I note it is different in Scotland. Furthermore, if anyone has any experience with Shared Ownership and being…
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Any mortgage experts? quick question...
Hi, I've a question about mortgages if there's anyone that can help please? (I do have a financial adviser but they're away at the minute). Having given our figures to our F A she has given us some provisional amounts we can borrow. However my question is this. I currently work in Exeter and my boyfriends in Leicester, I…
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Factor Fees/Service Charge on Mortgage Application.
Hi all I've recently had an offer accepted on a property. Having spoken with the mortgage adviser they were looking for the finer details and asked if there is any ground rent & service charge. I advised no ground rent but was unsure of service charge. I advised there is a factor fee which includes the building insurance…
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Insurance quotes during Mortage app
Hi all I am currently in the process of applying for a mortgage with Virgin. My car insurance is due on Friday and Im wondering can i shop around for quotes or would it be too risky? Alternatively, if i phone my existing insurer to renegotiate a price, will this still leave a mark on my score? the renewal price is very…
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Multiple mortgage brokers
This is possibly a silly question but was just wondering if it's bad etiquette to start engaging with more than one mortgage broker when looking for a new mortgage? My thinking was that one might go to a sizable amount of effort for me to then turn them down and go through a different broker, or indeed go to a lender…
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Negative Equity need to sell home
Hello, we need to sell our home as we are moving due to work but we are currently in negative equity of around £50,000. We have asked the bank if we can sell and still await a reply, however, the one thing we will not do is sign a Deed of Acknowledgement (DOA) as the negative equity has been caused by an incorrect…
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Double counting by lender - contract hire car; credit cards
Hi, New to this forum so please don't hesitate to tell me if I do anything wrong/inappropriate! I am remortgaging. Have been to broker. He has recommended a certain high-street, well known lender. However they are being really weird about two major things which is reducing their offer significantly: 1. Most significant is…
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Additional borrowing on a mortgage - mortgage broker?
We have a currrent mortgage which doesn't end for two years but we wish to borrow some additional money to help fund an extension. Our usual financial advisor/mortgage broker says we have to do this directly ourselves as it has to be with our current mortgage provider. I agree with this but just hoped a broker could…
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ring lenders for update
I applied a mortgage through a broker. I've been impatient and have been ringing the lender for updates. My broker is not good with keeping me informed and not easy to get hold of either. So I rather get the updates from the lender directly. Getting in touch with the lender affect my application? Would my broker knows that…
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getting a mortgage
I am finding it difficult to get a mortgage or advice quickly. I wonder if anyone has had any companies or financial brokers who can help
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Age difference
Hello, My husband and I have been in our home with a joint mortgage for 14 years now (We had the standard 25yrs loan). Our home is worth approx 100K now and we currently owe £57K so we have about £40K equity if we sell. Although i have wondered if we would be better off if we rent out our home and start again with a new…
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Mortgage name removal
I apologise if this is the wrong thread for this question but I am completely lost and no idea where to turn or what to do. In 2010 my marriage broke down and my now ex husband left, we spilt on good terms but things have since gone down hill. I was left paying a mortgage and a loan that was secured on the house as we…
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looking for a house to buy and possibly changing jobs
a first time buyer, i've been searching for a place for a couple of months. Saw something yesterday that I'm considering making an offer on. However, I've also been invited to a job interview. I'm now wondering - what happens if I get offered this new job and find a place I want to buy at the same time? Will it be…
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declined from halifax - appealing help
Hi guys, i went to see MA the other day and got DIP accepetd from Halifax anyway he has just rang me and said When she was doing her checks at Halifax she said it has now declined due to further credit we have not put downi was a bit confused as i had mentioned everything to the MA told him about 2 overdrafts i have and he…
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Confused with new SDLT
I have a question: I have a flat, which I am remortgaging as a let to buy in order to buy a house. I understand that the SDLT is increasing from 1st April. But I don't understand what SDLT will apply on my house. since it wil be my main home - but I do not intend to sell my existing flat. I found confusing information…
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Mortgage approved, now need to buy a car :/
In need of some advice please; We are in the process of buying a house, offer was accepted in November. Mortgage is approved. On Friday evening my partner was in a car accident and it looks like the car is a write off. At a guess the market value of it that the insurance will pay out is about £1,000 He gets a bonus in…
