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Engage credit
Hi everyone,We have a Mortgage with Engage Credit and as of now we owe £16,800 approx at a rate of 1.49% PA there are 79 monthly payments renaming. We had a windfall of £10000 and don't urgently need the cash so the old question is do we pay off lump sum,increase monthly payment or invest/save cash?? Many thanks for reading
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Looking for cheaper BTL mortgage but retired.
Hi all, I’m new to the Forum and seeking a re mortgage for my Buy to Let Mortgage whose offer I have, ends very soon. I have looked around and realised it is possible to get much cheaper, but, I am retired which obviously will not help. I’m happy to receive any offers of advice. Thank you in advance.
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Looking for advice regarding applying for a mortgage with a partner who has an IVA
Hi I have been saving For a few years to buy my first home. In April I will have 10k saved up. My partner is not in a position to save any money due to debts and recently took out an IVA. I have read I am better taking the mortgage out in my name rather than a joint application due to the IVA, however I have a few of…
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Lapsed endowment policy
We took out an assigned endowment policy alongside a Halifax interest only mortgage in 1988. We ceased paying the premium in 2000 on the sale of the property but did not surrender the policy, the sale proceeds being more than enough to pay of the mortgage. Halifax have been less than helpful in finding any record of this…
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Breach of confidentiality
Hi all I am just going through the process of remortgaging. The mortgage I am going for has free legal. Unfortunately they are being a little hazardous and have caused a breach of confidentiality. They have scanned in my redemption statement for my current mortgage and emailed it to me. However, I have just noticed that…
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Mortgage ends in 6 years - having to move out
Hi all Up until two years ago I worked full time, had done all my life, as has my husband. Then I got ill and have not been able to work. We ended up with a debt management plan and having to pay the mortgage interest only. The mortgage term is up in six years time and I am so stressed and anxious about what will happen.…
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Can I get another mortgage?
Hello there fellow MSE'ers! I am looking for some advice some someone with hopefully considerably more knowledge than myself. (I'll explain below) I currently have a mortgage on a property (some 45k remaining from an initial 70k) however, due to a promotion and transfer some 18 months ago. I moved 85 miles away and…
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Can I remortgage?
I currently have a mortgage but it’s on a ridiculous rate (over 7%) and I’m now looking to remortgage. Unfortunately for my mortgage (not for me!) my situation has changed and I think I’m going to struggle to find another mortgage. Long story, sorry... Myself and my partner bought her parents house (as they were moving in…
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Mortgage offer based on 2 incomes, now i only have 1 full-time income. What to do?
Hello Everyone! I am in desperate need of advice on what to do?! I applied for shared ownership mortgage with Halifax for a property. Im purchasing a 30% share of £550.000 full value flat. So my share is £163.500. I have paid 10% deposit to my solicitor. The deadline for completion and exchange were due by mid November,…
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Desperately Seeking Mortgage Advice - Self Employed and Over 70 Query
Hi This is my first post and I'd appreciate any advice that could be offered. I am self employed and have been for 6 years. I'm pretty sure I won't get a mortgage. I receive tax credits but no other benefits. I work hard - 7 days a week. I have a £20,000 deposit for a house. My mum is 71, a very sprightly 71! She retired a…
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Online mortgage brokers & how to find a mortgage broker
Hi everyone I'm about to start looking for a whole market mortgage broker and I'm just wondering what is the best way to go about this? When I google, I see many results for online mortgage brokers. Is that the done thing now? I always imagined I'd go to their office and meet in person. Is it normal to arrange all of this…
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possible misold mortgage
My mother went to her bank to ask for a £10k loan. She was advised to take an interest only mortgage from her mortgage for the amount. This was in 2009, she is currently 86 years old. How to pay the amount at the end of term was not mentioned. Nor was her age and the fact she and my father are pensioners with low income…
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Mortgage broker advice
Evening It’s a long story and will not bore people with details . Basically 4.5 years ago my partner and I had a Home repossessed . Financially things were tough as the time and we had been trying to sell for over five years . Anyways now we would love to buy again , have roughly £20000 for a deposit . Yes we have some…
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First time buyer (joint) - slightly dubious credit history
Evening MSEers, Keen to pick your brains. I'm doing a bit of research too, but though some of you may have some useful information I was to buy a first house with my better half, she's bought before (though now sold), I've not. Her credit history's excellent, mine's not. A 3 year old CCJ and a 4 year old default.. Though…
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Halifax mortgage help!
Good evening all...after a bit of help. To cut a long story short i am a contractor with a LTD company and due to this have gone with a broker and applied for a halifax mortgage. Its a one man operation recommended by my accountant.. The broker is the most unreliable and most difficult to get hold of person i have ever…
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Debt to repay on or before completion of this mortgage
We finally have our mortgage offer from nationwide. Having looked through the document under special conditions it says under “debt you will repay on or before completion of this mortgage” “this offer is issued on the understanding that the following commitments will be repaid on or before completion of this loan” it then…
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Joint ownership but want out!
Hi, Newbie here. So I purchased a flat with my brother two years ago in October. I did it as a means of helping him out and getting onto the property ladder. He has a financially secure job that pays well and can afford the mortgage himself. The question is can I sign over the house completely to him and how straight…
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Remortgage - Suitable for high-street lenders?
Hi there, My wife and I are in the process of remortgaging our house. Thanks to a simple mistake and some terrible luck, my wife has 3 missed payments on her credit file in April, May, June 2015 (1, 2, 1). The amount (a total of £40) never defaulted; it was paid off and the account was closed. However, since then we have…
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Mortgage help for children
Hope some people can share their knowledge please. My son and girlfriend are planning to buy a shared ownership house. We agreed to lend them the deposit of 7k. However, during the search the lenders realised that my son has a car loan and wanted an increased deposit of 11k. This will be a big chunk of our savings. I…
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Remortgage Application Delayed - extra interest?
Hello All, My remortgage application is pending with Atom Bank via L&C Mortgages, and I have still not yet received the mortgage offer.My deadline to complete is Dec 31st (current mortgage expiring). I understand my current lender will charge extra interest for the number of days i overshoot in Jan 2018 and can I ask my…
