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Porting with Leeds Building Society
Hi all, I am currently in the process of porting our mortgage to another property with the above BS We are with LBS and staying with LBS porting our mortgage as we are moving Our broker put the application in 10 working days ago, and LBS have requested that we fill in an “Existing Property form” We completed it as soon as…
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Mortgage accepted, can i apply for credit now?
Hi guys and girls, So basically ive had my mortgage application accepted by santander, at the conveyancing stage as we speak, should i wait until its completed still before i apply for credit anywhere or can i apply now without it hurting me? Thanks
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Will my mortgage application be rejected?
Morning guys, I’m hoping there’s a mortgage advisor lurking amongst you who can offer me some reassurance... So, my partner and I are in the process of applying for a mortgage and I’ve just got my last 6 months bank statements together to give to our financial consultant. My salary is just over £36k (my partner’s is just a…
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Why do banks only accept part of my income as 'income'?
Hi, I work two part time jobs as a care worker (and a couple of other ad-hoc, zero hours gigs, but we can ignore those for now) and have a couple of lodgers using the rent a room scheme (£7500 tax-free 😀), good credit rating, no debt apart from my mortgage, yet when I tried to release some equity in my house I was told…
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Releasing equity after home extension
I am in the process of having a home extension at the moment (this month) which will add another bedroom onto my house and would thus bring it in line with a higher valuation (£350k area). Currently i am going to pay for this out of my own savings, which i just about have enough to cover, and wasn't able to do it via…
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Mortgage Broker in Birmingham area
Hi all. I'm a first time buyer looking for a broker preferably in the Birmingham area to assess my situation and determine how much I am able to borrow. I am looking for recommendation who preferably has some experience using Help to buy and lifetime ISA? Many thanks
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Should I pay off my mortgage?
I've got a mortgage with Nationwide (on their BMR) which is one of their older more flexible ones where you can overpay, underpay or suspend payments for a while. I am now in a position to pay ff the mortgage (about £40k) but am also looking to move house at some point this year to a larger property which will mean taking…
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Will they do a credit check.
Our mortgage deal ends in September, then there is another 2 years till the whole mortgage is paid off. My question is will our current mortgage company do a credit check so we can just remortgage the reason for asking this is we have retired so now only have a pension each month, we do have enough money from this to…
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Longer Years Higher Payments
Hi, I notice when doing mortgage caluclations that if you choose less years the monthly payment goes up. Is it better to set a mortgage up for example at 25 years. Pay higher amount. OR Is it better to set the mortgage up for 30 years, and then overpay the mortgage to lower the years. Then if anything ever happens can…
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Credit Union and Mortgage
Hi all So my partner and I are beginning to put plans together to try to get a mortgage and I know that one of the barriers will be that I'm dreadful at staying out of my overdraft. :( I know it just takes discipline etc etc. so please no advice on this part as I just feel my life is too chaotic to be on the ball enough to…
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Struggling first time buyer
My partner and I have a deposit but we are struggling to get a mortgage. He has a bad credit rating but an ample salary, I have good credit but a lower income. We have tried getting a mortgage in his mums name but because she is paid annually instead of monthly the bank won’t offer her one. We considered a guarantor and…
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Increase mortgage payments?
I am concerned that if I "set " my mortgage payments resulting in less years to pay off, when the interest rates rise, I will not be able to afford the extra mortgage payments on top of paying more anyway, can I resort back to my original term time? Or should I just pay more off, not reduce my term time and just be in…
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Mortgage for EU citizens
Hi, I want to apply for a mortgage as a first time buyer, but I only have 1 year of residency in UK. I was living in Italy till last year, then I moved to London for a permanent job. I have a bank account with Barclays and they said that 2 years of residency are required to apply for a mortgage with them. Do you know if…
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Remove my name from a Buy to Let Mortgage
Hello, I am not sure if I have posted this in the right forum. My parents bought a house 10 years ago, both their names and mine were put on the deeds and mortgage. The put name down because of inheritance, I was told for my future. Recently I meet my wife and got married. I asked my parents to take my name of the mortgage…
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Cashing in Endowment
is there any better way of releasing cash off an endowment policy other than cashing it in with the provider?
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Remortgage or not remortgage
Hi, I am in a bit of quagmire as what is best to do, I have a current mortgage that is on the variable rate at 2% and I am wondering if it would be best to remortgage with a shorter term @ 1.6% or stay on the variable rate and overpay each month to bring it down that way. The problem I have is the first option gives me…
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Mortgage deadline coming up
Good afternoon We took out a £300k interest only mortgage on our £330k home in 1999 as monthly repayment mortgage terms were too expensive at the time. Over the years, I have religiously overpaid each month and the mortgage balance now stands at £139k. Our mortgage repayment deadline looms in a little over 18 months and at…
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New mortgage rate with poor credit
Hi I’m hoping you can advise me, Me and my husband have a mortgage which we have been paying for 11 years now, but we aren’t on a fixed rate as I’ve been too scared to look into it because we have poor credit scores. We are doing everything we can to improve our scores and hope to be able to move in the next 5 years. I…
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Relocating - mortgage before partner has job in new area
Hi So I have relocated from the North further south to Cambrideshire and started my new job. Our current house has sold (not exchanged yet) and my wife is currently applying for jobs in the new area but has yet not been successful. I am now living in temporary rented accommodation in the week and going home on weekends. My…
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off-set mortgage
HI All. We have a standard mortgage with about 250k, and have about 120k in a few savings accounts. We are looking to do an offset type mortgage arrangement with a new bank, and needed some advice on the best offsets out there. We want to leave the money in the offset to reduce the interest we pay, but ive read that the…
