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Employers reference
Hello everyone, I am new to this so please be nice!! Was just wondering if anyone knows how long it takes to get an employers reference back to your mortgage company? I would appreciate any help or experiences on this subject. My mortgage is going through with the Halifax and the ER is needed due to me having been off sick…
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Mortgage redemptiion fee - survey
I'm interested in finding out from members if anyone has taken out a long term mortgage with a lender. You are aware of the early redemption fee but you are advised by the lender that if you take out a new motgage with them then this will be waived. The problem being that when you apply for a new mortgage your lender makes…
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Can I Increase My Mortgage Term
Hi, My husband and I purchased our first home on a 2 year fixed term mortgage. We currently pay £1100 a month and the term is 24 years. The fixed term is due to expire in December. We have recently had a baby and are exploring the possibility of me not going back to work, so is it possible for us to increase the mortgage…
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Stamp dury question
Hi, I own a 50% share of a flat that I inherited a few years ago. Presently, there is a relative living in the property and I don't make any money from it at all. I would now like to buy a house for the first time but I may be in the higher stamp duty tax bracket. As a further complication I only live with my partner…
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Mortgage Calculators - Inclusive of Deposit?
Incredibly naive and simple question here, but that's what this forum is for right? So, here it goes. When using the various mortgage calculators (both repayment and affordability) is the following true: - Repayment calculator 'mortgage amount required' values are inclusive of deposit, so for a £200k house with £20k…
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Fines for leaving mortgage early
Hi all, I know this is probably a long shot but thought I'd ask just in case... Myself and my husband bought our first house 3 years ago with a 4-year fixed mortgage from Nationwide. Our situation has changed and we're now selling the house and not transferring the mortgage. As a result of leaving our mortgage early we're…
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Pay off or extend mortgage?
I am nearly 54. My home is worth about £220k and I have about £16k left on the mortgage. It’s a Barclays base rate tracker and the term ends in 5 years. I have enough savings in an offset account to ensure that Idon’t actually pay any interest. But is there any advantage in just using the money to pay off the mortgage now?…
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Returning to study - do I need to inform mortgage company?
Hello All Hoping someone will be able to help please :) I am returning to university to study nursing for 3 years. I bought my house (mortgaged, single owner) when I was 27 and took out a 30-year mortgage with an initial 5-year fixed rate. My company have offered me a rate switch which I will be moving to as my payments…
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Remortgaging a new build with help to buy
I would like to double check something (more like triple check, but I get very paranoid) I am about to complete on a house purchase with a help to buy loan. The house price is 133,995 and I have put down 40,000, meaning the mortgage is 67,195 and the equity loan is 26,799. I know that I need to get the help to buy agents…
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Mortgage broker charges
We had a visit from a mortgage broker last night who after discussing our requirements for remortgaging said he charged a one off lifetime fee of £1900. For this he'd arrange our mortgage and call back every couple of years to help us remortgage with no extra fees. Is this normal? Thanks.
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% mortgage
When I applied for a mortgage around 6 months ago, the bank wanted a 15% deposit. Any tips/experience on how to get this down to 10%? Since then I've paid off around 4k worth of debt, is there anything else I can do to increase my chances of qualifying for a 90% mortgage?
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Electoral Roll
Could someone pls advise. I am Just in the process of applying for a mortgage. I noticed last month that I wasn't on electarol roll so this has now been rectified and I have a letter from council confirming that as of 1st Aug I am listed at property. My problem / concern is that My credit file hasn't been updated yet (…
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My fixed Mortgage vs Savings vs New House Mortgage deposit?
Hi All I'm after some advise please on what i should do with my savings as currently have an ISA that was paying 1.5% which is going down to 1% so i moved all the money out of the ISA into a newly setup Santander 123 account to get the 3% interest only to find out a few days after opening it was going to be slashed to 1.5%…
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Remortgage whilst on a gap year?
Hello, I have a 5 year fixed rate residential mortgage with Nationwide which has an interest rate of 3.75% (the fixed rate comes to an end in August 2017). I decided to take a gap year and travel in February 2016 (until approx March 2017). I wanted to find out whether I am stuck in this mortgage until I have employment…
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Ditch a fix
Hi All, I have a query about ditching a fixed rate mortgage? I think I make a saving but the calculator on this website says I won’t. I know it’s only a guide but before I do anything I want to make sure the saving is genuine and not something I’ve made up lol. I feel like I’m missing something fundamental and however I…
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Difficult to sell larger % in shared ownership?
We've currently got a 40% stake in a shared ownership 1 bed property, and thinking of ways to progress to a 2 bed to start a family. One way of doing this would be to staircase where we are now then sell in future. Buying 100% of where we are would incur large stamp duty charges and still means under scheme we're in we'd…
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Remortgaging/getting equity out of house - clueless -help!
We have a rental property which has been ticking over - tenants are paying more than the mortgage amount each month. House is worth approx 250k and we owe about 146k. Bear with me as this may be a stupid question but someone suggested that we can somehow harness the 100k equity and then use that to get a new mortgage and…
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Leeds Building Society Mortgage Application Progress
I am a FTB purchasing a new build apartment via shared ownership. I am apply for my mortgage with the Leeds Buiding Society via broker. The reviews on them seem to a mixed bag. Some good but others are of a cause of a corcern. I am keen to know when LBS will come back to with a decision to accept or decline my application.…
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Kensington stalling?
Just a bit of advice here really. So everything submitted for application to go through including SA302s. However they've seem to want my second years accounts as my Sa302's aren't working for them. I thought they'd be ok with my sa302 plus my first years accounts. Has anyone else experienced this? I'm now at stale mate…
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Can I get out of paying early repayment charges
Hi Probably a daft question! But I'm currently with Santander on a 3 yr fixed rate due to end Feb 18. We wanted to borrow extra money for essential house/garden repairs. Santander won't let us borrow additional money as a further advance! Say we don't qualify? I really wanted to stay with them as had no issues with them at…
