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Help to buy mortgage with leasehold
Hello, My partner and I have recently viewed a Bellway home which seems a lovely size as our first buy. With the govenerment scheme of help to buy, we can put done a 5% deposit and they will lend us 20%! It's a really good scheme because we can access lower mortgage rates at around £400. HOWEVER... the property is…
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Buying a pertner out of the mortgage
So me and my partner are going through some difficult times & things are not looking good. I want an plan in place so i know where i stand if things come to an abrupt halt. excuses what may be stupid questions requiering simple answers, but I'll try to keep things simple. Our mortgage is sitting at around £101,500 Our…
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Mortgage AIP decision - referred?
What gives? I'm an existing mortgage customer of a Building Society. I owe £110k and am overpaying about £300 pcm. We have no overdraft, no outstanding loans or finance of any kind, no credit card debt, nothing whatsoever. Never been refused credit, never defaulted, missed a payment, no defaults, bankruptcy, nothing. ever.…
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Elementary mortgage questions
Sorry if these seem like really stupid questions, but I can't find the answers in the mortgage guide. Basically, we are looking to buy our first house. We have been saving for a few years and now have enough for a 10% deposit and a few thousand extra to cover the fees, stamp duty etc. The sort of houses we are interested…
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Natwest vs HSBC
hi to all, our offer has been accepted today. Just talked to Natwest mortgage adviser face to face. Got figures for 160k mortgage which will be paid either 5 or 6 years. Tomorrow my wife will talk to HSBC for the same amount of money and time. What we consider is to compare both figures and go for the lower-one. FTB here,…
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Buying With A Parent
Hello, I'm wondering if anyone can help me although it is probably very unlikely. I currently rent with my partner but cannot get a mortgage with him as he has a terrible credit rating. I can't get a mortgage on my own for anything worth living in near where I work (well unless you count a £72,000 chalet home that I can…
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Will any lender accept my Help to Buy ISA?
Hi, I am new to this forum and a first-time buyer. My partner and I have been saving into a Halifax HTB ISA since Jan 2016. We are nearly ready to buy in a couple of months, so are in the process of choosing a provider/lender for our mortgage. I read some information on Nationwide that concerned me a little: "One of the…
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Unfair mortgage early repayment charges
Hello, I'm new to this and would appreciate some advice and opinions. We currently have 11 months left on a five year fix with Santander. we are selling up and paying cash for a property and so will be mortgage free. However, the ERC is £6250 while the current monthly repayments are £336. Therefore £336 x 11 months is…
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Interest only mortgages
I've had an interest only mortgage for about 12 years. I remortgaged at a time when I was struggling and it seemed like the best option. I am thinking of selling my house next year, does anyone know if this will work in the same way as if I had a regular repayment mortgage or will I still have to pay back the TOTAL amount…
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Getting mortgage when on maternity.
Hi, When applying for mortgage is it possible to include my wife earning? She is currently on maternity leave until end of this year. She will be going back to full time employment with her current employee. Thanks Adam
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leaving fixed rate mortgage early
Please excuse my ignorance when it comes to mortgages. I'm in a pickle at the moment. Have to sell my house due to separation but we are tied into a fixed rate until August 2018. Going to struggle to sell the house as it is (its only a year old). It goes on the market this week and even if we get the asking price, we have…
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Santander mortgage offer
Hi Sorry for what i know sounds a silly question. I've had a mortgage approved (full application) last week. It says on the MATs it is in the mail. How long should it take to reach me - does it actually come to me or my MA, or my solicitor? Thanks for the help!
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Standard Variable Mortgage Rate @ 2.25% - Stay?
Hi, I have mortgage with C&G (now Lloyds) at 2.25%. We owe £108k over another 25 years (was 30). Is this still the best deal around? Should we stick where we are? Thanks
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Buying a house but which mortgage company is best?
Asking for my brother. They have two mortgage approvals - one with Lloyds and one with Barclays (woolwich). Both are ideal and they don't want to apply for any others and have too many applications, so they will go with one or the other. Does anyone have experience with either of the two or even both? Who's best for…
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Concessionary Purchase
My partner and I are looking into buying his parents house for under market value, and believe we can do this via a concessionary purchase. The house is valued at £275k and we'll be purchasing for £220k. With our income we can borrow around £240k (our combined annual income is £60k). We do currently have a £20k deposit,…
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Equity Release help
Help please. My mum (73) owns her own property (200k) and wants to release some equity (40k). 0% credit cards monthly payments getting too large and she'd like money to spend. She's looking at equity release which is worrying, can she get a mortgage instead?
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Mortgage paying off
We have a £26k mortgage with 4yrs left 2.94% £497 per mth We have some money which we can pay it all off But there is a penalty charge of £1300 on the account We can only pay 10%off as a over payment per yr Would it be better to pay of the whole amount Or would it be better just to make the payments with the money which we…
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Student loans to pay for mortage?
Let me preface this by saying I'm in Scotland so our student loans are (basically) interest free (aligned with inflation). And only repayable after you earn a certain amount, and even then it's 10% over £18k. So if I'm earning 30k after tax I'd be paying back £25/week. The loans are written off after 35yr and a few other…
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How long? Clearing finance & applying for agreement in principal
My husband and I are clearing our car finance with savings so that we can get a higher mortgage. If we (for example) paid the finance off on Monday when would we be able to get our agreement in principal done leaving enough time for the finance to have cleared? Thanks! :)
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Upsizing & Stamp Duty
Hello, I'm looking to sell my current home and upsize. I have a few question and I would be grateful if anyone can help answer the following questions: Since I'm selling my current home and will only have one property, Am I right to assume that I would pay the standard stamp duty and not the one that applies to those with…
