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Potential to get one over on the banks??
Hi All, I'm currently on FD SVR and looking to take advantage of the low interest rates and fix for 2 or 5 years. Whilst I've been looking I've also been factoring in the fact i wish to overpay up to a value of 700 or 800 pounds (including my mortgage repayment). I've been thinking about this tonight and don't know whether…
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Parents help with mortgage
I've searched about the Internet but still confused. My parents are selling their house and buying another and will be mortgage free, making £30-40k on the sale. I am currently renting and have £5k in a save to buy isa. I was wondering if there is a provision for my parents to help me on to the property ladder, without…
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Tesco Bank Remortgage
Hi, Just woundering if anyone has recently renwed their mortgage deal with Tesco Bank. My initial mortgage rate expires in a couple months with Tesco, so I was woundering what sort of deal they normally offer after the current term ends. Tesco saying I will have to wait 6 weeks before my current deal ends to find out,…
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FirstDirect mortgage application - how long?
Hello, I've got an agreement in principle with First Direct, and have just returned my signed application form. I understand the next stage is for the underwriters to assess the application. Does anybody have experience of how long this stage might take?
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Paying off debt when moving with equity
Hi everyone, I need some advice please... I need to move to a bigger home as my family is about to grow and due to work situation. My current outstanding mortgage is £85k, have an offer on my house for £133k meaning I have £48k equity. The house I want to move to is £230k (Might get it for £225k), I have outstanding card…
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Notification of a Chargeable Event
Cashed in my endowment policy a year earlier. Have received a letter from the insurance company stating: Please find below details of a chargeable event gain, which has arisen on the above life policy. The gain arises under the provisions of the Income and Coporation taxes act 1988: Amount of the gain: £5658.00 Amount of…
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Mortage question, overpay, or save for remortgage?
Hi guys I recently brought my first house/shared ownership. My Mortage is fixed for 2 years my question is if I save as much as I can before I have to remortgage hopefully save an extra 10k and keep paying the standard rate of my Mortage now,can I use 10k as a deposit to lower the Mortage? Or would I be better to ring them…
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time to update my mortgage terms
My 2 year fixed rate ends on 15th December with Natwest. How do I check if I'm best to stay with them or change to a different provider? Also is it worth going for a 6 year fixed rate or should I stick with 2?
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Mortgage + Improvement Funds
If a house is valued at 200k and i negotiate to buy it for 150k, will i still be able to take the 200k mortgage against the value of the house? I'd use the remaining £50k to renovate it. Sorry if this is a dumb question, i'm just out of my depth.
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The end of Product Switching??
Looks like the Mortgage industry are objecting to Mortgage Switching and now feel MMR is good for us, I wonder why??? https://www.mortgagestrategy.co.uk/product-transfer-sales-tactics-break-mmr-rules/ If customers don't like the deal being offer by their existing lender they are free to move, no one is forcing them to stay…
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Low mortgage balance, any products available?
We have been told that, because our mortgage balance is below £40,000, we are not able to access our building society's mortgage products, so will go on to their standard variable rate when our current product ends. Is this our only option? It's nice to finally have such a low mortgage, but not so nice that our monthly…
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mortgage credit check
Hi My partner and I will be looking to buy a house next year. I will be putting down half the price of the house as a deposit. My partner will be taking out a mortgage for the remainder of the price. He will be paying the mortgage each month and as my half will be paid, I wont be paying mortgage. As it will be a joint…
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Remortgage
Hi folks , Just looking for some advice. My wife and I married in April. We have no financial ties/joint accounts etc. She has owned her home with mortgage for approx 12 years. I however have a 0 out of 700 credit rating owing to a bankruptcy years ago plus a couple of things hanging round that I can't seem to clear.…
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Mortgage in principal
Hi Hoping someone with more experience might be able to help me because I'm confused by what seems to be a mortgage in principal catch 22. I've read on this site and others that it's recommended that you get a mortgage in principal before you start looking so that sellers can see that you are serious and can get the…
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Merging Mortgages
Hi all, First post on here. I am unsure of the correct term but my mortgage (repayment type) is made up of the mortgage deal I had on my previous home along with a top up for my current home. We agreed a new mortgage term on our old property and then sold it 3 months later. Hence the top up situation. Now, the smaller…
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new mortgage when on maternity
I'm in process of buying a new property however my wife is on maternity leave and on maternity pay. Would this a problem when applying for a mortgage or does bank consider the salary slips before her maternity started ? Thanks
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Going self-employed - what will I need to do at end of mortgage term?
Hi guys, Looking to go self-employed as a copywriter in summer 2017. My fiancee and I are currently on a 5-year fixed term rate which expires in November 2021. What will I require when we come to remortgaging in 2021? Many thanks.
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Sole named mortgage when married??
Hi I have a really bad credit rating and have an IVA in my name. I am also a stay at home mum so have no income at all. Therefore we are looking to get a mortgage solely in my husbands name as he has excellent credit rating and we don't have any joint financial accounts. All household bills etc are even in his name alone.…
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Best Time to Remortgage
Hi My 3 year fixed rate deal is comming to an end in Febuary 2017 ( 22/02/17) I'm currently researching the current deals that are out there at the moment and I must admit there are some cracking deals around espeically on a 10 year fixed morgage. Is there anything stopping me applying for remortgage deals now, ? and how…
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Getting on the property ladder
Hi, I am currently trying to figure out the best way of getting myself on the property ladder. I have previously been renting but in the area I live the rental prices are going up and up and it just feels like throwing my money away. I have around 10,000 savings and earn 29,000 a year. I don't like the idea of shared…
