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Lump sum annual overpayment vs. regular overpayments on daily interest mortgage
Hi there, Can anyone help me find a calculator or just help me to work out the following? We have a £171,000 mortgage @ 2.84% which allows up to 10% annual overpayment. The mortgage is for a 30 year term and the monthly payment is therefore £706. The interest on the mortgage is calculated daily. I would like to make…
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What if property is down valued but LTV isn't maxed
Hi, I'm going to be looking to buy my first property in about a year or two and I wanted to ask what may be a rather stupid question but I have no experience of how this works. I'm going to use an hypothetical example to illustrate what I mean because I'm not sure I know the correct terms. The example is thus: I put in an…
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Conveyancer Hell
Hi, I am looking for some advice. Our Conveyancer has incorrectly advised the mortgage lender of the wrong completion date, one month early. The lender transferred the funds to the solicitors. We are not sure if they were aware of the fact they messed up because they only took action after we found out, which was 5 days…
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5 year fix or 2 year fix with slightly better rate?
Please excuse me asking this question which I'm sure has been asked a gazillion times! I've been offered 3.3% on a 5 year fixed deal (80k mortgage on an 90K house). I've got a mortgage AIP based on that deal. But 2 year fixed deals come in in the 2.3% range for me. Would that be better? The monthly repayments are…
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Bank mortgage - open to haggle?
My bank (Lloyds) SVR that I am currently on is 2.25% - not bad. Fixed rates elsewhere suggest, after set-up fees etc, a saving of approx £1K to £1.5K I think, over a couple of years. Before I start chopping and changing, do high street banks have any flexibility? Is it worth me asking, or do they have their rates and…
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Early Repayment Charge on Mortgage Redemption
I am 2 years into my 5 year fixed rate mortgage. My early repayment charge is circa £3500 (3%). I understand that I entered into a contract and this is a formality that is undertaken when exiting that contract before the due date. Here's my issue: I have moved out of my house, and moved into a rented property which is in…
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How quick can i remortgage
Hi I've just bought a house on a right to buy. I have 2 year tracker rate mortgage. How long do I have to wait before I can remortgage the property to do home improvements. Many thanks
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Htb loan and gifted deposit
Hi can anyone help, when have reserved a new build house due to exchange contracts end of Jan and complete in June, we are using the help to buy equity loan, we are putting in a 5% deposit from mine and my girlfriends savings my Auntie is also giving us money for the house which she is wanting to put a charge on the house…
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Mortgage Application Question (Affordability)
Hi all, I'm looking for some advice on mortgage affordability. You have all been helpful on my previous questions and hoping for the same. My partner and I are saving for a home and will be purchasing in approximately one year. Our circumstances are as follows: App 1 Salary £21,000 Commission £8,000 (annually and have…
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Remortgage rental property on a residential mortgage deal with consent to let
I took out a 5 year fixed term residential mortgage deal with Natwest in 2012 whilst I was living in the property, couple of years after I decided to move out and converted into a rental property. At that point Natwest gave me "consent to let" and allowed me to carry on the existing 5 year fixed residential deal. The…
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Mortgage With Further Borrowing
Hi everyone I've have approx £75000 left on my mortgage. My flat is valued at approx £115000. I took out some further borrowing through my mortgage company of £19000 earlier on this year. I'm looking to sell my flat next year and was wondering if it does sell for £115000 would I have £40000 worth of equity or would I need…
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Buying Out Help......
Hi Folks, I'll just write a short note with the hope of elaborating later as I'm currently at work. My Partner and I have been together 4 years and last September bought our first house. I think the relationship may be failing (suspect she may be playing away) and I'd like a little advice to see if what I'm thinking is…
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what would you do?
Hi all, was wondering if you could give me advice on what I should do! I'll keep it as short and waffle free as I can. I'm begging for advice guidance! :( -got interest only mortgage with Ulster Bank Oct 2007 for £152,000 -9 years on have lost job twice had two mortgage holidays - £3000 in mortgage payment arrears -still…
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Rtb conveyancing
Received Mortgage offer, just wanted to find out roughly how long conveyancing takes
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BtL lenders with no minimum income requirements - please recommend?
Can anyone please name some BtL lenders which don't have minimum income requirements? That is to say that they will lend based on the rental income of the property alone. Can anyone name some of these lenders for me? I know there are a handful, at least. Thanks a lot,
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Should I fix or stay as I am?
Bit of advice needed please. We have an interest only mortgage with balance of just over £19k. Mortgage is with Nationwide We're on variable rate of 2.25% and we are paying £1300/month (way over what is required) we have an overpayment excess of around £47k. I estimate at our current payment rate (intend to continue…
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End of Fixed rate with Kensington and switched to their variable.
My current fixed rate is coming to an end on the 31st of December and then is moving to a variable rate of 5.1% on a remaining mortgage of £80,000 I'd like to move to a 3.9% fixed rate mortgage with Santander but it is going to be another month until I can switch to them. Can I ask that now my current mortgage with…
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Transfer of Equity 'complete' but no paperwork and ex has changed the locks
Hi everyone Much of this year has been spent trying to complete a transfer of equity in which my ex-partner bought my share of the house. It was a long and drawn out process, with his solicitor taking almost two months to complete the transaction (or apply for it to be completed perhaps) after receiving all the requisite…
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Mortgage while working abroad
Hi all, Im looking for a bit of help please. I currently work in Kazakhstan and will be for the next 2 years, Im a staff employ and paid form there in USD. Im looking to move house and I'm struggling to find a mortgage company who will help out. I currently have a mortgage with Accord Mortgages and my credit history is…
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Mortgage Applications & Probationary Periods
My wife and I are looking to apply for our first mortgage soon, but we've both just started new employment. I have a few Qs relating to this: * If our probationary periods will end before any agreement is signed, exchanged, etc. can we get a decision in principle from the bank as though we were never in probation? (i.e. is…
