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What are normal interest rates?
A quote from a recent thread... How do people define "longer term" and especially "normalise" in the context of interest rates? I've lived through the highest ever and now the lowest ever, but it cannot be as simple as just working out the average, or what rate was around the longest time can it? If so, "normal" must be…
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Mortgage Application: Proof of Deposit
Hi all, My wife & I are buying a new build home. As the property won't be ready until Oct/Nov 17, we're applying for an agreement in principle with the lender now. The lender has asked for proof of deposit at this stage which has caught us off guard. I thought the mortgage lender would require proof of deposit after the…
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Mortgage credit check
Hi all I have my mortgage application pending at present. I am looking to do energy switch. When at end of application it asked it will need to do credit check. I kind of panicked and canceled the application. My current credit score is 999 and i don't want to cause any dampener on the credit score for my mortgage…
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Fee-free mortage brokers
Simple question: Why are they free? I am not yet in the position to start looking, just doing some research, so I don't want to contact them directly. How do they make any money if they offer services for free?
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Removing a 2nd charge on property
Anyone know how to remove a 2nd charge on my house? I am needing to remortgage but the mortgage company advise that I can't until the charge is removed or the person who holds that charge sign a deed of postponement. Sadly my mum who held the 2nd charge passed away a few years ago so can't sign a thing. The family have…
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Anyone had so many issues when buying
Morning. Just wondered if anyone had loads of issues when buying s new build Had previous issues as I've mentioned before. No one would give me a completion date. I've been asking since feb. So around 6-8weeks ago I gave them a date of 15th. Due to my work schedule and only time off ect. The builders are on track for…
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Advice on Mortgage Application / Missed CC Payments
Hi Here's my scenario: My credit file is fine. My other half's has a blip across two credit cards 4/5 missed payments (on each card) from approx 12 months ago payment history since then has been on time. She has £7000 on one card and £2000 on another. Were about to complete the sale of our home (I'm the sole mortgage…
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First time Mortgage application -second income changing
Hello, First time posting here so I apologise if I'm in the wrong forum. Me and my partner are in the process of buying a new build. I have one income and my partner has 2 incomes (3.5 days a week in one job and 2 days in second job). We have just (last night) had our mortgage advisor come to see us to discuss mortgage…
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Gambling transaction and mortgage
Hi, my partner and I are currently applying for a new mortgage. We have been approved in principle and have to provide 3 months bank statements. Problem is I have several gambling transactions showing on mine (my husband has no idea 😂) they total about £900 over the 3month period in small 10 or 20 pound transactions. My…
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Help to buy equity loan advice
Hi all (and sorry for the long post!) We are wannabe first time buyers who have been saving up for a deposit. We live in an area where average property prices are very high outside London, so in our original plan we would have been saving for another 2/3+ more years before we got to this point! We had got to about £20,000…
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Re-mortgage deal longer than advertised
Hi re-mortgaging with current bank as my deal ends in June. I went for 2-year fixed at good rate as plan to pay it off at the end - only 3yrs, 10mths left. However when I got the paperwork yesterday it stated that the 2-year deal would end in August 2019!! Anyone any idea why this would be as it means essentially paying…
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Remortgaging advice - bad credit history in past
Hi everyone, We have been stuck with a Northern Rock mortgage for the last 10 years, stuck on their standard variable rate because they went bust and we had bad credit back then. This year my credit records are showing that the CCJ and the defaults we had have all finally be removed from our credit file. It looks like our…
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Mis-Sold Mortgage
Hi, I have recently applied on-line for a new mortgage as my existing one expires on the last day of May 2017 - with the same company, Nationwide. Having found a product that appeared suitable on line, I rang Nationwide to confirm it was suitable as I am about to sell the property and rent and obviously did not want to…
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Charging order-help!
I paid off a debt which had an interim charging order on my property. I assumed that the charge would be removed once paid off, in 2012. I'm probably going to settle my mortgage soon. I checked the land registry and the charge is still there!! It's to Capquest. How do I get a certificate of satisfaction etc. without the…
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Natwest Mortgage advice from other customers
Hi, just wondered if anybody had past experience of the current Natwest mortgage procedure? We had a DIP given last Friday and were asked to provide the money for the valuation. The money wasn't taken from the account and we believed this week the application was going to the underwriters. Today the full amount for the…
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Anyone with experience getting the best second charge mortgage?
Hi, I am looking for a second charge mortgage, but cant find any comparison websites that compare second charge mortgage rates. The second charge mortgage will be used to fund a home extension (there is sufficient equity in the property) and I have already considered a personal loan, credit cards and dismissed these…
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First time buyers - partner has terrible credit
Hi all. My partner and i are looking to buy our first house - hopefully within the 300k value range. We have a combined salary of 65k and a deposit of 30k. My partner has excellent credit rating whereas mine is terrible. I have had two defaults... one for a credit card for £1000 defaulted in January 2014 but settled in…
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Charges error
I took out a mortgage with Northern Rock and 3 land registry titles were listed on the mortgage deed. In 2014 the mortgage was sold to Tulip Mortgages. I have just come to remortgage and discovered that only one of the titles is charged to Tulip, the other 2 are charged to Landmark- the new name for NRAM. It has been a…
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Mortgage advisor error on mortgage application - what can we do?
All resolved - thanks for the replies!
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Mortgage Overpayment
Hi all, This could be a stupid question where we've misunderstood but wanted to ask: We have a mortgage on a fixed 5 year deal with [EMAIL="H@lif@x"]H@lif@x[/EMAIL]. We can overpay 10% of the balance on 1 Jan each calendar year. I just called to check what that was to see whether we'd reached it or could OP any more. I was…
