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So penalty fees get cheaper?
Hi, My friend and I bought a property and we are in the process of selling it. We accepted an offer today with no chain. (As we are both moving in with our respective partners) The thing is our fixed rate mortgage ends on 31/5/18, so we can’t move until this date at the earliest. Will penalty fee be cheaper since it’s so…
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Nationwide 2%+Base rate advice
Hi, 20 years left on mortgage. Have about £161k remaining on a nationwide 2%+Base rate deal (what we reverted to after the 2 year fix ended around 2009) - This has been a great deal for a long time and we've benefit from it coming out of the 2008 crash. In that time, house has gone from £265k Purchase to (estimated) £400k+…
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mortgage 2 years after Debt relief order discharge
Hi - This is my first post so looking for helpful advice. I have spoken to my bank and they cannot help. I had to take out a debt relief order in 2015 ( due to redundancy and a period of unemployment, relationship breakdown). I have had the same job 3yrs+ and earn £25k per year. Paid all my bills on time etc. I have…
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Offering on a house “in the region of”
Hi all been reading the forums for a long time and hoping if you could help me, Viewed a house today and really liked it, mse won’t allow me to share a link, but it’s jockey road in Donnington Telford if you could have a look, and if I’m allowed to post the link I will later on Locally market seems a bit stagnant but still…
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Which Mortgage Advisors
Hi, looking to make a mortgage application via Which Mortgage Advisers. They have a referral scheme whereby the referrer and the applicant get £100 in John Lewis vouchers. The referrer must have used their services for a mortgage. If you can help, please PM me. Thanks, Mark
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Just how much can I actually borrow?
To cut a long story short we sold our flat back in September 2017 and have been living with my parents while we look for a house. The market is crazy in our area just now (very little on the market and those that are are in high demand) and we’ve so far been outbid on 2 properties. I’ve spoken to London & Country as we…
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Offset Mortgage?
Looking for some general advice on how best to fund a house extension. Estimate 60 - 70K for extension work. Currently mortgage free and have been for in excess of 10 years (we bought young), approx 60K in easily accessed savings (we've never got around to putting the money somewhere useful) and could access savings…
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First time buyer-Stamp duty
Hi I am looking a putting my property and the mortgage in joint names with my girlfriend. This will be the first house she has acquired. I have lived in it for 10 years (it was my first house) The property is worth £180,000 and there is £88,000 left on the mortgage. My girlfriend will take on half of the mortgage (44k) and…
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Remortgaging-redemption figure
so my fixxed rate ends 31/05, i have just rang my current provider to find out how much i will owe on this date ready for the remortgage as it says in the remortgage guide. I was told by my bank they can't give me a figure that far in advance and i could ring on the 1st may to ask but it would still only be a rough figure,…
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how far in advance can i book new rate?
I've just started year 4 of a 5 year fix @ 2.99% - not great now but was pretty good at the time and we needed the certainty. I noticed cheaper fixes available now, but with a £3.5k erc i don't think it'll be worth it. Are there any lenders that let you reserve your rate pretty far in advance? Current lender said the…
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First time remortgaging - Advice needed please.
Good afternoon. I'm looking for some assistance please. I will soon be coming to the end of my 2 year fixed term on my first time buyer mortgage. I purchased a new build home and used the developers recommended Mortgage Advisor as I got discount to do so. I now have them harassing me everyday to ask for my current details…
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Can I get a mortgage for my wife’s house
Hi all I’d like to help my wife with buying a house. She has some deposit but may not be able to get a mortgage. But I certainly can get a mortgage. Can I get a mortgage but have the house in her name. As she ll pay for the deposit and mortgage installnenrs really.
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2 yr or 3 yr fixed
Hi all, We have to decide whether to take out a 2 yr or 3 yr fixed rate. 2 yr = 2.09% 3 yr = 2.32% Difference each month is £48.45 Do you think either of these deals are preferred over each other? Thank you for any thoughts
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H2B Loan paying back within 5 years?
If I wanted to pay back the H2B loan within 5 years would I have to pay any extras? Say the house has gone up in price would this affect the amount due or would it just be the 20% I borrowed when I bought the house?
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applying for a mtg...car finance vs personal loan?
Hello, My wife and I are looking to buy a house within the next year or so. We have so far saved roughly 5% deposit and fees for the house prices we are looking at but are continuing to save more so that we move with some savings or we could possibly then offer 10%. All credit referencing is prefect etc. We currently have…
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First time buyer overdraft limit exceeded
Hi I am applying for a mortgage and I haven't submitted my bank statement yet as i am waiting for these to come in the post. I have never gone over my agreed overdraft in 15 years of banking however in January I went over my agreed overdraft by £40. How long will this stay on my credit report and how can I get a mortgage…
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First time Buyers Advice needed
Hi all, I went to see a mortgage advisor on the weekend with my partner. We are first time buyers. We were advised that my partner had a high enough deposit and salary for us to get a decent valued property just based on his financials alone, but that I could still be on the mortgage as well. I would like to know therefore…
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Shoukd I shorten the mortgage length?
I’m new to this and have realised that the money I’ve put in ISAs would be better used to pay off some of the mortgage. I have £32,000 in total and a mortgage of £91,000 and I have checked I can make overpayments so I could reduce my mortgage to £59,000. I then realised that I could overpay monthly instead of saving to an…
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Mortgage renewal now I am a student
Hi All, I hope someone can help me I feel quite uneasy about my mortgage situation. I bought a house myself nearly two years ago it was 70K and I put down a 7k deposit, so I have a mortgage with TSB for the remainder. When I took out the mortgage I was working full time in an office and I was salaried on 16k. Now, shortly…
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Ball Park equity release figures
Before contacting a registered equity release broker I'd like to get an idea of the range of options and costs that might apply. I'm 82, my wife is 83 and our 3 bed detached house is worth somewhere around £350 - £400, 000. Thinking of releasing between £50 and £60,000. Hopefully our current income will enable us to repay…
