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Is now the time to leave paymenst as they are ahead of rate change
Ive always left mtg overpayments set to reduce mtg term Is now the time to switch options and change overpayment reserve to auto change mtg payments when theres change of boe interest rates thanks in advance
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Dumb question. Breaking fixed term?
Hello I'm new to the forum and mortgages :) I have a probably dumb question. If you were to take out a fixed mortgage for say 10 years, with a term that was short (e.g. 10-15 years instead of 25-30), are you 'locked into' that deal? I'm thinking along the lines in which say one of the people on the mortgage lost their job…
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Heavy gambling and getting a mortgage
I am a first time buyer, looking to get a mortgage. I have a 10% deposit on a property that is costing £30.000. I earn £14,000 a year and have no debt and no credit cards. But the thing that I feel will see my application declined is my heavy gambling. While I have never gotten myself in to debt gambling I do gamble…
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Remortgage query
I am currently in the process of remortgaging. Remortgage was due to complete today (Fri 14th). However, solicitors messed up and forgot to call for the funds from new lender (they've admitted fault and apologised). Completion now rearranged for Tues 18th. However...repayment on existing mortgage normally made on 16th of…
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Lenders who specialise in two residential mortgages
Hi I posted a few days ago about whether or not we should offer on a house, in the end we did and it was accepted. However, our house isn't currently on the market, and rather than be involved in a long chain (which will inevitably cause the deal to collapse as the property is amazing and has vacant possession) we would…
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Mortgaging a renovation project
Hi, I'm looking to get a mortgage to buy my dream home although it needs serious renovation work and will stretch my finances. Got a few options and not sure of the best approach - would really appreciate any advice. I'm looking to buy a £630k property that needs £200k work. I have £340k equity in my current property. So,…
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overpaying fixed mortgage
Hi there, Please can anyone advise if I have made any mistakes or not understood things properly. I currently pay £859 on a two year fixed mortgage with the Halifax. I have 31 years still to pay. I have requested to make monthly overpayments of £241 per month, which Halifax will set up as a DD. I have about £600 disposable…
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Am i missing something here?
Hi All I would like to check im not missing some key point here as my bank tell me im wrong. Im currently on a fixed deal due to end on 30th September 17 (2.5months from now) Its £83K at 3.38% with an ERC of £2.5K My bank tell me I can book a new fixed deal upto 3 months before my current deal ends, but the new rate will…
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Second home and capital gains tax help
Hello, Sorry if this is in the wrong spot. I am trying to understand capital gains tax on property. If I was to buy a second property now with a mortgage and use it as a summer home and when I come to retire move in to this house and nominate it as my main residence and sell my current house within 18 months am I liable…
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Remortgage Survey After Knockthrough Gap Between Beds 2 & 3
Hi, first time poster here but lurker of many years. Last year we knocked through a gap of just over 6ft wide between our front and back bedrooms as the kids have left home and we use the front bedroom as an office now. The door to the hall from each bedroom has remained untouched and is not blocked off, we just only use…
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To fix or not to fix....
Morning all Newbie here Ok so we have House value £260K Mortgage £151K 14 Years left to run on interest only We could almost clear the mortgage if we wanted to but that would empty our savings pot. Cant get Offset as we only have low wages ( through choice). Locked in with Halifax on 3.5% until Feb or a ERC of £1800 But…
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Worth Changing Tenancy on Deeds
Hi, As briefly as I can...(and I know this should have been sorted when a long time ago.....but it wasn't) Looking to sell. Joint Tenancy for 11 years. She left property never to be heard of again 8 years ago. she recently managed to reply to attempted contact. Now she has disappeared again....! No idea where she is living…
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Euro & Sterling wages! How to get a mortgage!
Hi all. Im new here so not sure if this will go to the right place but hopefully someone can help. My husband and I were in a position about 2 years ago to get a mortgage, however there was a change to legislation which prevented us from progressing. We live in Northern Ireland close to the border of republic of Ireland. I…
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Overpaying on Mortgage Help
Hello, I am looking at overpaying on my mortgage, we have the allowance of 10% so that is what I'm hoping to do, I'm also wanting to put extra away to see when our rate is up if I can drop a lump sum on it, but that's a question for another day. I'm just unsure when I can do it. Is it best to pay a bit weekly, monthly or…
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DIP question
Hi guys. I've heard some conflicting information regarding DIP! We are going through a broker and we were accepted for a DIP with Santander a couple of weeks ago. Our broker has reassured us we will not be going through credit checks again as a DIP we would apply for ourselves is different from a DIP via a broker, and we…
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Mortgage broker for debt consolidation
Hi, I am here to seek advice on mortgage brokers in Edmonton, Somebody with experience please advise.
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Guarantor turned dictator in mother's property
Hello, I have a horrible issue just raised its head my brother (lets call him John), had to sign to be a guarantor for a Mortgage to help my mother buy her place back in the 1990's. he's lived there since not paying any rent or bills or anything and they both moved recently. As my mother's health is declining I'm looking…
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buying a council flat ?
is it worth buying a council flat block of r 20 flats in 5 story I'm London using the right to buy discount ? also after 5 years it could be sold ? is it worth buying a council flat ? in terms of saleability etc ? what's the general consensus?
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Advice needed - shared ownership with parents
So basically my parents want to release some equity from their house so they dont have to work as many hours and me and my partner are renting and saving to get on the property ladder. So my parents suggested that we buy one bigger house together to help us get on the property ladder and so they will no longer have a…
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Atom Bank
I'd like to warn you all regarding Atom Bank. I had a mortgage offer from Atom around 3 months ago. The mortgage rate was fantastic. 5 years fixed at around 1.5%. Atom, I discovered were a brand new bank, and were the first on-line mortgage provider. I had made an offer on a house and it had all been accepted. I had…
