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Mortgage Broker Etiquette?
Good evening, I know we have a range of experience and job roles who read this board, so I was interested in receiving opinions and education from different perspectives. Through a couple of recommendations (from people I know!), I reached out to an advisor (charges a smallish arrangement fee, then gets commission) - and…
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Remortgaging and dealing with second charge - help!!
We have had a Picture secured loan on our existing house for the last 10 years. Our first charge lender was Northern Rock so we can't remortgage with them. There is sufficient equity to get a 95 LTV to pay off the mortgage and the secured loan and this would save us hundreds a month - even with an unkind rate. We might…
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Mortgage Problem - House Purchase
So back in April we spoke to Barclays as we have a Life Time Tracker Interest Only Mortgage about Moving house. We were told we couldn't increase it for the extra house purchase, but we could port it and then take out an additional mortgage for the extra amount on a repayment basis. So we put our house on the market, we…
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Precise Application Advice needed
Ok so my application was submitted by my broker on 30th... valuation fee paid all documents sent to my broker etc. I've just checked my statement and see it was refunded the very next day 31st....I've heard nothing from my broker. Does this mean they've said no?!? Absolutely blind panic. My parents have sold their home and…
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Mortgage in an IVA
Hi there just after abit of advice, im currently in the first year of on IVA and im getting abit old to live at home so was planning on moving out with my girlfriend she has a deposit. Im just wondering how everything would stand as im guessing i wouldnt be able to get a mortgage but my girlfriend could, could she get the…
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MSE News: Considering a 10-year mortgage fix? Here are the pros and cons
Halifax and Lloyds Bank became the latest lenders to launch 10-year fixed-rate mortgages last month, and longer fixes are likely to be increasingly under the spotlight after yesterday's decision to raise the base rate to 0.75%. If you're considering fixing for such a long term, here's what you need to consider...Read the…
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Finance whilst waiting to complete
So i know i'm going to get shot down in flames for even asking and I am answering my own question. However... We have been served 14 days notice by our builders on a new build house to complete. we officially get the keys on the 17th. now we need to finance the flooring but have such limited time scales as we need to move…
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Mortgage, Separation and change of parties
Hello, Not sure if this is the right place but here we go anyway. Me and my wife are divorcing and are separated (me living in a different address, it's amicable and all that) I have a problem with the mortgage though. It is due for renewal in September and it's going to go on Virgin Moneys standard variable rate, this…
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Base rate increase - AWAITING mortgage offer
I saw a similar post although my situation is slightly different. We applied for a mortgage BEFORE the rate rise and the rate rise has subsequently happened. Should we expect the offer when it arrives to be at the original rate applied for at or a higher rate given the base rate rise ? Thank you very much in advance -…
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My Parents providing deposit, house in Partners name
Good Afternoon! Me and my partner are currently in the process of buying a house, we're due to sign contracts next week but we've hit a sticking point: Basically, the deposit for the house is from my parents, but the house and mortgage is in my partners name, due to me being a naughty (or stupid) boy with credit cards in…
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Leeds BS - Valuation Instructed
FTB so very concerned with how slow everything has been with the mortgage application. I've just had an update from my MA that Leeds BS has now instructed for a valuation to be carried out. Does this mean I've passed the credit and affordability checks with them, given that they've now spending time/money to do a…
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Extend Mortgage Offer
Hi All, We have a mortgage agreed with Natwest, its just pending release of the funds once the house has been build. Estimated completion of the house is December, with the mortgage offer being valid for 6 months (offer expires in Jan) We have since had a letter from the builders stating it will be ready between Dec and…
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Tax deducted from compensation for wrongly calculated mortgage
We have received a letter from our former mortgage lender Alliance & Leicester saying that we had been overcharged on our mortgage, and offering a repayment of the overcharge, plus compensation. However, they have deducted 20% of the compensation, which I assume is for tax. I just want to know if they are acting correctly…
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cant remortgage, whats my best option?
Hi All, wondering what my best option would be here. mortgage fixed rate ends 31st oct when we will go onto standard variable rate (currently 3.99) with natwest. we don't owe enough to remortgage on another fixed rate and i dont like the idea of being on a variable rate :-( what shall i do!!!??
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Base rate increase - already got mortgage offer
Hey, Apologies if this has been asked before. So, as you'll have probably heard, the bank of England have increased their base rate from 0.50% to 0.75% :( I have already received my mortgage offer from Nationwide - is my interest rate fixed or will it increase in line with the BOE increased rate? We're buying a new build…
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Mortgage Rate
Hello All, Just received a re-mortgage rate from a broker and would be interested on your thoughts: Current loan to be paid: £88,000 Value of the property: £280,000 Barclays 20 year re-mortgage Rate: 2.15% Term: 5yrs No fee Cash back: £250 Thoughts would be very appreciated. Thanks Miguel
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Whole of market broker
Looking for a whole of market broker for a difficult case. Can anyone recommend? Thanks
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Fixed term contract, AIP panic!
Hi all, I am a first time buyer in a slight panic! I am buying on my own and I have finally found a house and had an offer accepted (well within my affordability range). HOWEVER, I am a teacher and I am just coming towards the end of a contract at the end of this month (12 month contract). This was my first teaching…
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Paying off a credit card during a mortgage? any experience?
So my mortgage advisor applied for my mortgage today with Santander. She had to submit one for 344,000 as that was all we could borrow as i had £2000 left to pay off a credit card. If i paid the credit card off we can borrow £363,000, which is what we really need. I paid the credit card off in full today, and have provided…
