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Interest Only Mortgage
Hi there, I currently have an interest only mortgage and putting money away so that I can pay it off at the end of the term. I believe it is now very difficult to get a interest only mortgage as banks do not want to give them to people and prefer repayment. I am considering moving and I may need more money in buying the…
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Scottish help to buy & tricky house builder
Hi, I have put down a reservation on a flat in Scotland. I am moving from England to Scotland and learnt that the help to buy is a bit different. AIP sorted and solicitor sorted. The house builder keeps nagging me to go through their mortgage broker but I already have an agreement and chosen bank. Today they told me that…
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Mortgages for older people
OH and I have been trying to give ourselves a serious financial overhaul after a lifetime of both being rather lax. We have some debts related to our business, but everything is up to date and should be cleared within 1 year max. I understand credit score is not that relevant - we both score low, but all our accounts show…
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Search Ourselves or Use a Broker?
When looking for a mortgage, should I search on compare websites myself or use a broker like London and County? Heard they were pretty good.
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Query regarding removing someone's name from a mortgage?
Does the individual who is being removed from the mortgage, due to a relationship break-up need to not be living in the property when this process is commenced?
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Equity release or not
Hi I am in my 60's. My mortgage is a mixture of endowment and mostly repayment. My property is worth 3 times my mortgage. In a couple of years I have to pay back £15k which i do not have at the moment. Hard to remortgage and downsize because of age. My partner and I are self employed or on pensions. the rest of the…
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Mortgage with poor credit and OHs top notch credit
Afternoon, I’m sure this has all been asked before but couldn’t find anything relevant to my circumstances, so sorry! Me and my OH plan to be in our own home by April 19. However, I have poor credit and he has amazing credit. My credit record is being affected by: Not being on electoral roll (now rectified), Telecomms o2…
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Equity Release
Hi all. Looking for some advice here. The situation is: Myself and my wife are going to be retiring in just over 2 years time. She's a teacher, and has a pension of around £1500 per month, she's also still teaching 4 days a week, so with her pension she's bringing in about £2600 a month. I'm self employed and making £1500…
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How many mortgage applications can you make?
Hello everyone, Long story short, I will soon be signing my house over to my ex-husband and in return, he will pay me a lump sum. He received a mortgage offer in May 2017 which expired in November 2017. He then reapplied with the same broker and was offered another mortgage which is due to expire this month. He cannot…
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Applying for mortgate - debts in maiden name not on credit file
Hi all, apologies if i'm going over an old thread here but I couldn't find anything recent. I want to apply for a mortgage and have just obtained a copy of my credit file. I married last year and the only thing showing on my credit report is my bank account, credit card, and register of electors confirmation (as I have…
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Remortgage as director without accounts
Hi, It is time to remortgage my house. I owe 80k and it is worth 120k+ (67% LTV). I wish to reduce the period and increase the payments but I am worried about contacting the bank... I taught until Aug 2017 and received 26k PA (10k in 2017 financial year) which was sufficient for my bank to approve my mortgage. In August…
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Mortgage company said we could have claimed on our insurance after repossession?
Hi I have a question so my husband got a letter from bank after trying to claim for misselling on PPI telling him they don't believe it was missold etc etc but also saying that he could have claimed on his insurance when we were told at the time it didn't cover him as he was self employed and couldn't get enough work to…
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Interest only mortgage advice
looking to purchase new build property for residential use with the thought of using an interest only mortgage, I would be looking to put down £350,000 deposit with a £350,000 interest only mortgage over a 7 year period on a fixed rate for the term with the intention of selling that property after 7 years, downsizing and…
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Should I pay off my offset mortgage
So, I have a 70k offset mortgage with about 26k to pay off. I recently was left some money and now have over 40k in the bank. I am mid 50s, don't own any other property and I can easily afford the current mortgage payments. But should I pay off the mortgage entirely or is it better to stay "as is" OR should I pay off most…
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HSBC mortgage application experience
Hey I am currently awaiting news from underwriters approving my mortgage claim (Friday 27th April) Does anyone have experience how long this took to get approval? The mortgage advisor I got was lovely and said she has to say 10 days but I will know this week. Thanks :)
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Lending Criteria based on an existing mortgage term
Hello, I currently have a mortgage of 77K on a house worth 290K so well within the limits of the best LTV, the current rate is coming to an end so I am looking to fix again, I am quite happy with deal I have found. However my question comes about as we are looking to moveand upgrade the property in the near future, We will…
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Is there any way of keeping our house and buying a new one?
I think I pretty much know the answer because of the figures but thought I'd ask in case anyone has some ideas to help. We are looking at moving to Gloucestershire from West sussex but I was trying to look for ways to keep our house and rent it out as it's value will probably keep rising due to its location. We are 10…
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Would you fix for 5 years or 10 years....?
I'm currently in the motion of re-fixing my Mortgage deal with a new provider and would like to gauge everyone's opinion on how long to fix my new deal? I'm looking to lend 90k against a 135k property over a 18y term, fixed for either 5 or 10 years. First Direct (who I'm extremely likely to use) are offering; 5 years -…
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5yr or 10yr fixed mortgage ?
Hi, In a couple of months we will need to remortgage as 2 yr fixed will come to an end. Want to lock in something longer this time round. Any views on what to do or advice on what to consider - re should we go for 5yr or 10yr fixed. We can stretch to the extra couple hundred a month I expect 10 yr will cost us, but seems…
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Obtaining a mortgage on a residential property with an outbuilding
We have found a house we are interested in buying that we plan to live in. It comes with an outbuilding in the garden that I have discovered was approved by the council as a play room. At the moment, the outbuilding almost looks like a studio or granny flat with its own separate entrance at the side of the main house and…
