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Interest only remortgage / equity release
Hello, I wonder if any of you have any advice or opinions re this? I am single and have no dependants and am early sixties. I have about £40k and 5 years left on my repayment mortgage and plan to pay off whatever remains of it when I retire with part of my pension lump sum and then live modestly on the remaining amount and…
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Shared ownership mortgage
Hi, I'm looking for some advice on my eligibility for a shared ownership mortgage. I am 23, have one child and currently work for just over minimum wage, 32 hours a week. I never really had any hope of owning my own home until I discovered I am going to recieve some inheritance from my grandparents. It's likely that I'm…
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Searching for a mortgage broker South Wales area
Hi we are currently looking to get advice from an independent mortgage advisor - pref fee free who can search the whole market. We live in the south wale area. Would want face to face meeting. Currently mortgage free but we are Looking to release some money from our property in the form of a small mortgage 🙂 Would like a…
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Another remortgage question, sorry!
So I've had the news today that my remortgage is scheduled to complete Monday 31st July. Obviously I'll wait until official but assuming all is well I have questions about how a changeover of payments may work. So my current mortgage is paid on the 1st. As it will be closed on the 31st is that it all done - as in have a…
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Remortgaging advice
My current 2 yr fixed mortgage ends mid Feb 2018 with Nationwide. As a FTB I took a 2 yr fixed as I only had a 5% deposit, so I am keen to remortgage with a slightly better LTV. I am also concerned though that interest rates may rise in the next couple of months, so I am keen to lock in a deal ASAP but avoiding any early…
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Bad Credit! Will I get a mortgage?
Hi, I'm looking for advice or support from anyone who has either been in the same situation or works within the mortgage industry that could supply me with some information. My husband and I have very bad credit ratings at the moment as we have been silly and got into debts in recent years. We have made the decision to…
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Changing a mortgage offer
Hi We have a mortgage offer that runs out at the end of Sept. The house on the offer has just fallen through but we've found another that we love and is actually 20k less. We would still want to borrow the same amount though which is 50k less than the house value and the 50k is made up of savings so still a good LTV. Would…
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Pension Fund as Mortgage Security to Increase Allowed Borrowing
Hi All, I thought this would be quite easy to find out but I can't seem to get an answer. Lets say based on my income and financial security etc I could borrow a maximum 250,000 from a building society. However, if I had say £100,000 in pension funds, am under 50, would the building society lend extra based on the fact…
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FTB wanting to change mortgage advisors
We're first time buyers that are nervous and have a few unique factors that stop us from feeling confident choosing a mortgage alone, so we decided to go through mortgage advisor. We haven't yet found a house, we just wanted to start off knowing how much we could borrow and feeling like there was someone there throughout…
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Retained mortgage - what do I pay interest on?
Hello, We are in the process of buying the neighbouring property and combining it with our existing one. The lending bank has arrived at mortgage retention amount of £30k to cover the works. This in itself is not a problem as the current LTV on the joint properties is fairly around ~50% and we have enough personal funds to…
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Named on two mortgages?
Hi all :) I am separated from my wife and soon to be divorced. I will be receiving a financial settlement in the next 1-2 months which will enable me to put a deposit down on my own home and get my own mortgage. My soon to be ex-wife won't be in a position to take me off the current mortgage (various reasons! - i'm working…
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interest free mortgage ending in 7 years
We changed to a interest free mortgage in 2007, cashed in the endowment because that was the best advice we had at that time (husband very ill and we were in a very dark place emotionally and financially) Now 10 years on, we are debt free and our finances are manageable and over the past 8 months we have been able save…
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Switching employment status
Hello all, About a year ago I started my first mortgage with TSB. I currently work self employed as a sole trader, however tomorrow I am having my 2nd interview with a company not far from me for a permanent role. This would give me stability and way less commuting to work at clients' offices in London. It did occur to me…
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Santander Fixed Rate Repayment fee
Hello, I have a fixed rate mortgage with Santander. The rate expires on 3rd November 2017. We are moving house and will probably complete a month before the rate expires. The outstanding mortgage is about £40,000. We will need to take out a new increased mortgage. If we stay with Santander there is no fee for repaying the…
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Mortgage Advice Needed!!
Hi I would really like some advice for my parents please. In 2008,the recession hit my parents badly and they were forced to remortgage their house to an interest-only mortgage. At the time my mum and dad really didn't want to do this, but times were very hard and they literally had no choice. Nine years on they have never…
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Relationship separation. Taking on my Mortgage
We have a joint mortgage with a balance of 30,000. If we were to separate, in order for the other to buy alternate accommodation could I borrow on the existing mortgage to buy out the other? I earn 23,000 and the current property is worth around 115,000. Thanks.
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First time buyer advice on mortgages.
Hi new to the forum, but long time lurker. Me and my partner are looking to buy our first house together. We are looking at a newbuild house for £115,995 either help to buy or 95% mortgage. Deposit we have is £8,000 Half of which is a gift from parents. We both earn about £27k per year. I have a default from 2014 for £254…
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Joint Mortgage -Big Age Gap
We're having problems obtaining acceptable monthly payments on a mortgage due to our age gap. Here's our personal Circumstances: I'm 47yrs old & my husband is only 34yrs old. We've been married 2 yrs & are looking to buy our first home together as a married couple. My husband earns £55k per annum & I earn £21k. We have no…
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Broker or Halifax Direct?
Hi, I would be grateful for your collective wisdom on how I should best proceed.... Despite a far from perfect credit history and a significant level of current CC debt, I have obtained a DIP from Halifax using their on-line soft search tool that suggests I should be able to obtain a mortgage from them for the amount that…
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Selling my BTL
Hi guys i'd really appreciate some help. I bought a flat back in 2010 which I lived in for 5 years when I was single. In 2015 I got with my current partner and i decided to rent the flat out so I spoke with a local broker and got a buy to let mortgage. Times have moved on and i'd really like to sell the flat now so that we…
