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Solicitor Before Making an Offer?
Hello. We have just got an AIP from Halifax to buy our first home. So we are planning to start viewing properties. My question is, in peoples experience, should we sort a solicitor out before we make an offer or once an offer is accepted and we start the mortgage application? Looking on Google, various sites state before…
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ReMortgage Help - Ill Health Retirement
Hi Hope someone can advise me here. We took our first mortgage in Nov 2016 from Natwest on a 2 year fixed rate @2.9% and its coming to end in this November. When we started, me and my wife was working full time and now, our situation has been changed. She is off from work due to illness (diagnosed on May 2017) and we feel…
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Fixed Deal...Your thoughts on 2/3 fix or 4/5 fix
Hi, My deal is not due to run out until the end of the year - but what are most peoples thoughts on terms....? I am LTV of 70/75% and I'm contemplating fixing for 5 years, the only draw back being I can not drop LTV bands after 2/3 year fix deals as I am trapped in a 5 year deal. Will one balance the other do you reckon?…
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Endowment maturing soon, should I surrender?
Hi all I'm after some advice regarding our endowment which is due to mature in June later this year.... Same as most in our situation were promised enough to buy a yacht with the leftover funds way back in 1993! We've accepted that was bull and moved on from there, but the potential swing between high and low projected…
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Re-mortgage process
Hello, I was wondering if someone could give me a simple overview of the process of re-mortgaging. I am coming to the end of a 5 year fixed term deal in June. Should I start looking for a new deal now in February/March and also what do I need to look at. I assume I need to get a valuation of the property or would a new…
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Help I can't count!
FTB sitting with a pen and paper trying to count mortgage stuff. I'm struggling to decide which is the better option. Based on a purchase of £130,000: 15% deposit at 2.18% fixed for 5 years = 19500 deposit 60 payments of £422.22 Total paid at the end of fixed rate £44,833 10% deposit at 2.68% fixed for 5 years = 13000…
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Is mortgage an option
Looking for a bit of advice. I have tried to research this but it is bit of a minefield for the layman. Case study. 45 year old working full time since leaving school. Got a mortgage based on his income as paye 13 months ago. Started as a sole trader back in April 2017 until Nov when he become ltd. Domestic partner now…
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htb charge removal
Anyone know a cheap solicitor to just act inbetween us paying off our help to buy equity loan in staffordshire. Its daft really as as we want todo is pay the full charge off in full, and wouldn't be hard to fill the charge removal request form in.
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Negative Equity Loan Seeker
Dear MSE/Anyone sensible, I was interested in M&S's 2.8% £7500 loan to bridge the gap in my property's negative equity. Obviously, I can't get a mortgage lender to give me a new deal because my property is worth less than my remaining balance. I'm stuck on a 4.54% variable mortgage rate. With the £7500 2.8% loan I could…
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3-yr or 5-yr fix remortgage
Hi, I'm torn between a 3-yr fix and a 5-yr fix rate with Barclays. LTV <60%. Both have 3% ERC and both are 1.79%. The 5-yr fix has a product fee of £999. I don't have plans to move but then you never know... I'm afraid of rate increases and 5-yr fix at 1.79% sounds appealing. Thoughts?
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A bit worried about rate rises.
Everyone expects another 0.25% rise soon because of the inflation and rise of 1-2% by 2022. I am starting to worry. I know we can afford the mortgage even if the rate rase but what if rases more than predicted? Am I the only one who feels unsafe. Btw we are waiting to exchange contract for our first property. A house with…
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Estate agents being sneaky
Hi all, Not sure if this is the right thread so apologies in advance!! We recently took the decision to upsize, everything was going to plan, we found a house we loved and sold our existing property very quickly (Sears Estate Agents). Unfortunately for various reasons the the property we were going to buy fell through. So…
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Precise mortgages!
Has anyone had an area manager from precise mortgages looking at their case?
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online gambling on bank statements
Hi All apologies firstly if this has been asked several times before. im a FTB and have recently applied for a 95% LTV mortgage through a broker, AIP agreed and application processed fine with Post Office, upon the lender looking at my bank statements though there is some recreational gambling and now it looks as though…
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Remortgage advice
We're moving in approximately 6 months - relocating due to work, so there is no negotiation here. We're selling our current house, and hopefully buying in our new location. Our mortgage has 23 years remaining, and we are coming to the end of our fixed rate (1.74%) period and don't want to drop onto SVR at 4.74%. My worry…
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Bank have over-valued my property!?
Hi folks, I need some clarity here. We currently have about 89k remaining to pay, our property was valued at 98k and we mortgaged 93k (95%LTV) I've just spoke to the bank who have said they would remortgage the property based on 106k. My question is "why?". This doesn't make much sense to me. When I prompted them for more…
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Help to Buy ISA
We are planning to get a mortgage in less than a year so have decided a Help To Buy ISAs, we can’t put all our deposit money in there but some is better than none! The rule is the house has to be under £250,000 in our area. We are doing shared ownership. The house is £360,000 but our mortgage is £126,000 with a 5% deposit.…
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When does a help to buy isa become not worthwhile?
I've never owned a property before and am looking towards changing that at some point in the next year or two. Assuming by the time I take the plunge I have enough money to be able to afford a place outright (nothing special, low 100k range; I have a pretty good job and my pension fund lets me take out a large lump sum for…
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Mortgage offer of 180k slashed to 98k!
We earn £55k a year and applied for a mortgage with a specialist broker as we don't have excellent credit. We were offered a mortgage for £135k for a new build on help to buy at a value of £180k. Last month we got a new car on finance. We earn £4K a month and the car payment is £450 per month so we can easily afford it and…
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Proprty Value for Remortgage
I am in the process of re-mortgaging my property as well as releasing some equity to pay off debt built up whilst doing home improvements. Purchased at £300k Looking to re-mortgage for £320k based on a valuations of £420k. Outstanding mortgage is at £275k including £15k ERC Additional borrowing 45k (£60k with ERC) £27k…
