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Best way to find a mortgage broker?
Morning all, would appreciate some help if you can! Currently looking at finding out how much myself and my boyfriend could possibly borrow, as well as whether we can actually get a mortgage! I would rather speak to a broker, as my boyfriend has a default from Three (£114), which was registered in 2014. As soon as I found…
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Quick question - Aldermore timings - from application to offer?
Hi, Does anyone know how long the process is taking (HTB equity loan application) from initial application to offer, at the moment? Many thanks, SB
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Can I change term without remortgaging?
Hi all, My wife and I took out a joint mortgage to purchase our first house back in September 2012. We purchased our home for £205k with an 80% LTV over a 35 year term. Using the Nationwide calculator, our house value is £250k, and so we therefore have approx £85-90k equity in the house if it were to be sold today and the…
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Remortgage or stick with existing
Hi All, I'm wondering if anyone had any opinions on my position/thoughts before I speak to a financial advisor. We are currently on a fixed deal at 3.79% for another 2 years (aug 2018) and have to pay a 2% fee (around £2180) if we leave it early. We owe around £109000 on a house that's valued between £160000 - £165000 with…
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How can my mum release equity to provide us with a deposit?
My mum owns a £425k+ house almost outright (believe the tiny mortgage left expires this year) and has offered to help us get on the property ladder by giving us a deposit. However, we are all a bit confused as to how to go about this. We have researched the idea but 'lifetime mortgages' and 'equity release schemes' plus a…
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Disposable Income Mortgage Application
Morning All, I am just filling out my budget planner for my mortgage application. I have included every single bill etc and my disposable income seems high £1400. If I put this on my application will the lenders think I am pulling a fast one as I have included everything?
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Early Repayment Charge Refund
Hi all, We are not far away from exchange & completion on the sale of our flat and purchase of a house. It is unlikely that we will complete on both at the same time so Halifax are saying we need to pay the ERC on the current mortgage. If we complete on the new mortgage within 3 months (likely to be 2/3 days) then we can…
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Who would lend me the most?
Are there any mortgage lenders that will give offer bigger mortgages to responsible money savers, people like us? Failing that are there any lenders that are less “responsible” and give large mortgages to those to whom others wouldn’t? I’m an excellent money saver, have read Martin’s Mortgage guide as well as doing…
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Repayment vs Interest only - calculations
Hi I am finding it quite hard getting a £75,000 interest only mortgage. If I go for repayment and just borrow more to make payments easier how does that work out overall. £75,000 interest only at 1.79% no fees = £112 per month (affordable) £75,000 repayment mortgage + (£50,000 used only for repaying the extra above £112)…
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How quickly do banks adjust rates after base rate change.
Hi All, Been offered a mortgage earlier this week on a decent 5yr fixed deal, but wondering if the rates are likely to change if the BOE drop their rate. I wondered if anyone had an idea of how quickly banks adjust rates, if they do at all, following a change by the BOE. Many thanks Jon
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personal vs ltd company mortgage
Hi, I am planning to invest in a buy to let house in East London. With the recent tax changes i have been thinking if I should set up a Ltd company for this buy to let investment ? I created an excel sheet to compare the benefits of paying less tax via a Ltd company route vs the excess interest which I would need to pay. I…
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Porting a rate
Looking to buy a new house. We currently have £107k/16 years remaining on our current deal at 2.5% which I believe is lower than the SVR. It's with Nationwide and a carry over from Cheshire. I've spoken to Nationwide in the past and they are unwilling to allow us to carry it over or even lend extra money on those terms,…
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Mortgage situation after death
Hi all, Wondering if anyone has an educated view on the following situation: A family member had an english mortgage on a property in spain. She has recently died so I assume the mortgage company will repossess the house (which none of the beneficiaries object to). We are not sure if the value of the house will exceed or…
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Who can I trust to provide me worthwhile CeMap training.
Hi I'm currently looking to study for CeMap. I have looked online and there are hundreds of providers, which one do I choose? I have over seven years banking experience and currently now work in a financial regulatory role. Can anyone recommend perhaps through first hand experience. Thanks.
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Remortgage for debt consolidation
Hi, I'm hoping someone can help me here. My current mortgage deal is coming to an end therefore I am searching for a new one. The amount required for a mortgage is £128k and the property was valued at £160k 2 yrs ago. Therefore at the moment I have 20% equity and need a mortgage at 80% ltv. However.... I have credit card…
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About to re-mortgage
My 5 year fix at 3.99%, is going to come to an end in about 3 months. In retrospect, going for a 5 year fix at that time wasn't the right thing to do, - I had no idea that the base rate would be so low for so long, and now, it's looking like it's going to drop further. I have seen 2 year fixed deals at 0.99%, - this looks…
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Mortgage Critical Illness
Hi all Bit of a random question. Im selling my flay and a price has been agreed and my buyer has had his mortgage agreed. Im extending my lease on the flat and Section 42 notice has been served and all seems to be going swimmingly. Im expecting completion on the sale in mid august - what im looking for an answer is is it…
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Future Thinking
Been browsing this board for a while now, and would like some advice/pointers. Me and the OH are looking to move house within the next 12 months or so. OH has a mortgage where we currently stay. I am not on it whatsoever, and we have no financial connections. Now, I was a bit of a one when I was younger, accumulated a fair…
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When to start the mortgage process
My son is looking to buy his first home around December this year (after he has saved enough) I have told him to look at houses in the area he wishes to buy to see what he can get for his money. The problem being he doesn't know what mortgage he can get can on his salary, so should he see a broker now to give him some…
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Vat on a semi commercial property
Sorry I'm new here and wasn't sure what section to put my querie in. I don't know if anyone can help me but I can't seem to get a clear answer. I'm interested in purchasing a Pub, the sellers have opted in to tax the property, now as the pub has a 'flat' upstairs we would be living in, it would be classed as a semi…
