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Mortgage Booking Fee pre/post valuation?
Hi All, I've just been accepted by HSBC subject to valuation - the underwriter told me voer the phone that the offer will be for the full amount I requested - hurray! My concern is that I now have to pay the £999 booking fee to secure the mortgage rate before accepting the offer, however I'm worried about paying this…
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Mortgages with no early repayment charges?
What mortgage products do you know of with no early repayment charges? I will be remortgaging soon; the property is a leasehold flat (long lease, > 100 years), with an LTV ranging between 49-55% depending on where you see current values. Good credit history, wife and I and good salaries (employees, not self-employed), etc.…
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Legal fees when remortgaging with the same bank?
I have a mortgage with the Chelsea Building Society (part of the Yorskhire Building Society), a 2-year deal that is coming to an end. If I decide to remortgage with the same lender, would they still need to appoint solicitors – whom I’d end up paying for? The bank already has a lien on my property, so, unless their legal…
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Friend moving in, ramifications
Can I get advice on the following theoretical scenario: Scenario: A single owner has a mortgage on a flat. He earns £45k, is paying approx £800 per month on a £240k loan (property is a 2 bed flat, worth £550k). If a friend moves in to one of the rooms, they would likely pay rent. The standard rent for the area is about…
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House signed over to me help
Hi I'm new to forum so unsure if this is in correct place. Basically my mother sadly passed away almost 2 years ago and I am only child. My father decided he wanted to sign their house over to me with him having right of residency. Originally his plan was he wanted to sign their house over to me. Until a few months later…
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Mortgages for people with bad credit
Hi all, We are first time buyer look for a mortgages of £50,000 to buy our council house which we have lived in for 10 years. Our credit score is not good but we in the process so paying off all of are debts, which total £2500, we now have the income to repay our debts and buy our home, as I was made jobless after the…
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help deciding
Hi, Going from my other post, I want a hand here with if this will be worth it. My current mortgage value is £147,497.20 @ 4.82%, I pay £804.33/month over 30 years. I found a new deal that would take my interest down to 1.52% with virgin money. They have told me it'll take 4 weeks to get the application rolling and 16…
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Getting a Mortgage with an upcoming sabbatical
Hi all, Me and my partner have an unusual situation regarding a potential mortgage application and would appreciate some advice. We currently both work as professionals with a combined income of around £70k, however we've agreed with our employers that in December we're taking an 8 month sabbatical from work to have some…
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Less than 2 years can i remortgage?
Hi The good news is I have only 1 year 11 months left on my mortgage. The bad news is my current deal has expired & to get a new deal with them I need at least two years left on the mortgage so Nationwide have put me on their SVR. which is 3.74% !!!! Would it be possible to extend the mortgage for a few months to get a new…
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Let to buy application process
My partner and I are buying a home together and we are keeping our old houses using a let to buy mortgage. Please could someone advise if we apply for all the mortgages at the same time or do we apply for the let to buy before applying for the residential mortgage? Thanks in advance
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Self-employment and getting a mortgage
Hi, I took on a full-time employment contract six months ago having been self-employed for three years prior to that. I'm thinking about returning to self-employment as the job I am currently in is not for me. Would mortgage lenders look at my three-year record of self-employment before taking on this contract or would I…
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Barclays
Hi Buying a new build and the broker from new Homes advised us towards Barclays,today i recieved a text that there valuation is booked in for next week, is this a good sign towards being accepted or totally irrelevant??
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Best Place to Remortgage
Hi all, I'm looking at an option to possible remortgage my property. I currently have no mortgage on, and I'm looking to pay some debts and bills on it. Thanks
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Interest only mortgages - current advice
Hi y'all, it's been a while.. My partner and I will be looking to remortgage come October. We've been at the current property for 3 years on a fixed rate (capital + interest) deal from Natwest. We're lucky in that the equity has grown and during the 3 years we've made some cosmetic improvements to the place, so according…
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Best Place to Remortgage
Hi all, I'm looking at an option to possible remortgage my property. I currently have no mortgage on, and I'm looking to pay some debts and bills on it. Thanks
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Advise need please
We have a 25k Morgage with Just over 4 yrs l5mths left We have inherited 50k we are not sure should pay the Morgage off in full as we have to pay a charge of around £1300 penalty charge Would it be better to pay the Morgage off or just let the Morgage come out of this money as per our mth ly payment we pay £470 per mth…
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Mortgage Brokers
I'm due to see a mortgage broker on Saturday, I'm just wondering how beneficial they are? I understand the one I'm seeing just charges the lender commission and not me directly. Anyone had any bad experiences with brokers? I've had an initial meeting with her to gain a DIP. And I'm going again for the official mortgage…
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Porting mortgage to higher LTV
I'm in early stages of moving home, and have one issue which is concerning me and hoping to get some advice/experience here. I am in a fixed rate deal and therefore need to port my Nationwide mortgage to avoid a £10k early repayment charge. The existing mortgage is a 75% LTV deal, and the total mortgage for the new (more…
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Offers lower than valuation
Hello We are first time buyers and due to view a house tomorrow. The house has been on the market since march and the price has been reduced to offers over £135000 from £150000. Looking at the home report, the house is valued at £150000 but does require work. What I am unsure on is how this would affect the mortgage amount…
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Planning for first mortgage
Hi, After many years of being irresponsible my husband and I should be debt free by end of Jan. Most of these debts are mine but he had got into massive financial mess 5-7 years and only just getting better now. My question relates to us wanting to start considering a mortgage for our first family home. Come Feb 2018 we…