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Mortgage application and existing Debt
Hi All, We are looking to move house, currently in a house worth roughly £100K with a mortgage of 28K. I have credit card debts and car finance outstanding to an amount of £20K. As it stands affordability isn't good, the banks online mortgage calculators wont offer us anything. If I was to pay my debts off affordability is…
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Paying off interest only portion of mortgage?
Hi Can anyone answer this question by showing the calculations? I had a sub prime mortgage of which £20,000 was interest only and the rest on repayment terms. I had a life insurance policy that came to an end and decided to use £20,000 of the proceeds to pay off the interest only portion of my mortgage - but would I have…
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Intrest only but want to change to repayment
When I 20 years old (now 35) I had some money saved so brought a run down property but because of my age and being a single parent the only option I had was to have my dad on the mortgage and could only have intrest only. Now 15 years on my circumstances have completely changed. My dad is now retired and I'm now self…
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Has anybody used hlw Keeble Hawson solicitors for their conveyencing?
Sorry hope this is in the right place! I recently made an offer on a house and need to find a solicitor. I used the reallymoving comparison sites and the top four recommendations were Beaumont Legal, Lambert Pugh, hlw Keeble Dawson and Gorvins. I was going to go with Gorvins as thought they had the best reviews but it…
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Remortgage advice needed
Hi all... my mortgage fixed term ends in may. I currently owe about 52k and have 22 years remaining. Ideally i would love to reduce this to at most 15 years and have saw many mortgage offers with monthly payments similar to what i pay at the moment even with the duration reduced by 7 years. I was a first time buyer three…
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Remortgage calculations
In April 2016 we have locked into 5 year fixed deal at 3.39% rate. I think we’ve done this mistakenly. We should choose 2 year deal as I see next year we could have a 60% LTV (with the help of overpayments), so it is possible to get better deals with the new LTV band. Our current deal runs out in July 2021. Mortgage…
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Is finding a Good Stright Talking Broker so hard . . .
Has anybody used these brokers before !? commercialtrust or ascotmortgages
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First time buyer OR Buy to Let Mortgage ??
Hi, I'm purchasing my first new build flat which is due for completion middle of next year. I'm currently renting with parents so not a home owner. I'm intending on this being an investment and renting the flat out. Can I get a First time buyer mortgage or do I have to get a buy to let mortgage ? I've already paid a 20%…
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Claimng back EPC
We have just moved house within the mortgage EPC period (only 2 months until it expired). The new mortgage is a better % rate than the old one but is with the same bank (Halifax). We still had to pay £5500 to exit the mortgage early and take out a new one. Our solicitor seems to think because we sold our house and…
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mis sold mortgage
over 3 months ago i got a letter from my bank saying that they have missold me a mortgage 5 years ago we took out a 10 year mortgage i had just turned 60 years old then , the lady at the bank said it would it would be best to take out a 5 year fixed rate mortgage which we did the payments was hi but she said that after the…
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Sell or Rent 2nd Property
Hi, Wondering if anyone can provide me some thoughts on a House Purchase situation and some tax queries we have. Details as follows: * My partner and I both own 1 bedroom flats in our own names (Propery A - Me): 270k, Property B (Partner): 300k) * I have owned Property A since Jan 2014, and it has been vacant since May…
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Mortgage possible?
Hi all I am currently working in a permanent job and my salary is just short of 27k. My partner currently does not work as he is a full time student in his last year of doing a masters and then possibly applying for a phd. I currently have 8k in savings for a house and we have found a house we like for 135k but it is oiro…
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Help to buy or Not
Hi everyone, me and my fiancee are looking to buy our first home. We have £60k to put down as a deposit which would be 20% on a £300k house - so we were looking to do this without Help to buy. However, looking at houses, we get a small 3 bedroom house for that which I think we will quickly out-grow. So I am wondering if we…
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"Lifetime mortgages"
Hi. I'm seeing ads for "lifetime mortgages" on TV. What does this involve? The short version is my wife and I are in a house. Mortgage, £155,000, Value £215,000. We have no immediate family, so it's not like we're looking to leave an inheritance to kids, etc. Everywhere I look on the interweb is asking for name / address,…
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TR01 form doesn't make sense
Really confused by this. My ex is buying me out of our house. His solicitor sent me a TR01 form which said I would get XX amount of money for consideration together with half the existing debt with Halifax. I wasn't happy you this wording, a family friend who is a solicitor said it offered no protection to me. I went to a…
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Letting a Property
Hi, I'm looking to let out my brother's property as he's been hospitalised due to ill health. his lender is nationwide and they've stated on their website they will not charge anything for the first 6 months that the property is let. if the property is still let after 6 months they will add an extra 1% onto the monthly…
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Private Mortgage vs Private Loan
I'm considering offering a private mortgage to a family member, but i'm wondering whether it should be constructed as a private mortgage or a private loan. Are private mortgages even possible in the heavily regulated world we live in today? The main thing is that I want to make sure it's all official and above board and…
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Remortgage with interest free credit card debt
My wife and I are looking to move house next year. Like many we've taken advantage of interest free credit cards/stoozing and have amassed £30k of debt on credit cards. This in itself is no issue to us as the money was used to do up our current house to increase its value by at least that much, so making it back when we…
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Overpay Mortgage or 0% credit card
Hello Everyone The end of my introductory 2 year fix deal will come about August next year. I will outline my debt below. My total mortgage amount as it stands is £107,000 approx at the moment. I'm thinking of going onto a tracker mortgage as me and my partner might buy together in the next few years and I don't want to be…
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joint mortgage but ex paying nothing
Hi all, I am new to this site & to posting in forums in general so i apologise if i've posted in the wrong place or if i ramble on a wee bit. I have recently found myself in what seems to be a nightmare situation & i would be very grateful for any advice from those a bit less daft than myself. I'll start from the…
