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HSBC Mortgage Application - How Long?
We've applied for a mortgage with HSBC and our valuation survey was carried out on Tuesday. Our broker said allow 48 hours for a decision to be issued. He also mentioned on Tuesday that subject to satisfactory survey HSBC has approved lending. If anyone has applied recently how long after survey was your decision issued?…
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Barclays consent to mortgage
I have got a mortgage offer from Barclays and have just been sent the contract pack from my solicitor. The mortgage is in my name only and my partner will be an occupier. I understand that she will need to fill out an occupiers consent form but this hasnt been sent by my solicitor yet, just a paragraph stating that I have…
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Is there a lender for my circumstances?
Hi Myself and my husband are looking to move house but not sure if we will be able to find a lender under these circumstances Income 1 £39k fixed term contract until 31/10/19 Income 2 £16k permanent employee House value £315k Deposit £63k Mortgage required £252k 1 dependant with childcare costs of £280 per month No other…
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Negative Equity with Ex
Hi all, I have a flat with an ex which I moved out over 10years ago and she never has been willing to re-mortgage or take a change of ownership. As it is an interest only mortgage there's no money in the property and the property value has gone down around 40K. meaning no value in the property at all. She is only paying…
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Deposit using help to buy isa
Hi everyone 👋 Me and my girlfriend are saving for our first home. We both have a help to buy isa with £6k in each. As I understand it, this means we can join them and put £12k toward our deposit, then the government will give us a 25% bonus on that amount. This means in total we will have £15k altogether. We live in the…
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Solo or joint mortgage?
Hi all, I have had an offer accepted on a flat in London (expensive) while single. I was previously renting with my girlfriend but we split up, now we are looking at getting back together. MY issue is, having already split up once, I have been reluctant to get a joint mortgage (I do not need her income for the mortgage). I…
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Which type of personal loan effects mortgage the least?
Hi I am sort of borderline approved for swapping a mortgage into my name but I've realised that I may end up having to borrow £5k to pay my ex off. For various reasons this has to be via a personal loan and not added onto the mortgage. What will my mortgage company prefer, a loan spread over longer (smaller repayments per…
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Remortgage and additional borrowing! Help Please!
My fixed rate mortgage comes to an end in March and i'm trying to remortgage at the minute. We were hoping to add £12,000 to our mortgage at the time of remortgage to pay for a car and kitchen refresh. I naively thought I could add this onto the mortgage but after speaking to my current lender - BOI - they said I have to…
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Endowment Performance Compliant
My endowment matures this year. It has performed woefully, as expected. However, last year I received a statement with a prediction of maturity value at 3 interest rates the lowest being 0.5%. Recently I have received an update which shows a maturity value of £5k less than the 0.5% projection. Surely if funds were in a…
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Adding wife to mortgage
I suspect the answer is to speak to nationwide but I thought I'd pick some brains. Two-year fixed deal is coming to an end. Mortgage and house in my name only. I've since been married. I had planned to do a remortgage and was prepared to do the full checks for both of us, including going through solicitors for transfer of…
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Applying for loan after accepting new mortage deal with existing lender
We recently applied to renew a deal with virgin as our fixed deal ends in march. A few weeks back we got as text to say our application was successful and our new deal with begin the day after existing one ends. Perfect 😊 Since then my brother is looking a new car and has asked a price to trade in his existing. He has then…
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Overpaying mortgage with a credit card
I have a mortgage with Santander. They have confirmed (several different advisors) that I can make overpayments to my mortgage account using a credit card. He said this is processed in the same way as making a purchase, but couldn't confirm what merchant code it would go under for my CC to identify. Has anyone done this?…
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Help to buy remortgage and adding fiance
Hi, My fiance bought our house 4 and a half years ago using the new build help to buy scheme (20% equity loan). I moved in a year or so later. We will need to either remortgage or start paying the help to buy interest payments in around six months. We are getting married in August so trying to be organised! We are trying…
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Early repayment fee
I am applying for a remortgage through a broker. The 2 year fixed offer I'm looking at with Nationwide, based on yesterday's date, would end on the 8th Jan 2021. It has an early repayment charge, and the wording in the offer is as follows. Does this mean that after 8th September 2020, until 8th January 2021, I would incur…
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Nationwide tracker mortgage - best option?
I've got mortgage quotes from Nationwide and London & County. I'm borrowing £60k, with a 75% deposit. Nationwide have offered a 2yr tracker at 1.09% over base (1.84% now). No fee, and £500 cashback. Does this sound like the best available? I can't find better. I've opted for a tracker mortgage that allows unlimited…
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Mortgage Free - thinking of remortgaging...
Hi All I've been mortgage free for a few years now, on a property valued at £400k. Last year, we decided we would like to embark on a plan to remortgage £100k at a very low rate of interest, fixed for 5 years (paying £433 a month - which we can afford) and split the money in a number of ways (£15k electric car to save…
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How will swapping from Ltd Co to sole trader affect mortgage chances?
Hi there My partner and I are both self employed - me as sole trader (3 years trading) and him as a ltd co. (5 years trading). His business has changed over the last two years and his accountant has advised that he make the ltd co dormant and become a sole trader. Our combined average income over the last two years is…
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Max Overpayment Spreadsheet
I would like to put together a spreadsheet showing what the max overpayments should be per month until my mortgage product is paid off that will indicate what the saving in the payment term will be for doing so. My mortgage is with Santander at a fixed rate for 2 years of 1.99% interest. Assuming this product continues for…
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Wrong mortgage advice?
I was wondering if anyone had any thoughts or experience. We got our 1st mortgage in 2006 with Northern Rock. It was a together mortgage. 100% mortgage with extra funds. The amount we received was £73k. We were only 21 (and absolutely clueless and naive to the whole situation tbh) and on low incomes so this was great to…
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Fixed rate or tracker? Looking to sell within 18-24 months
My fixed rate with Halifax has ended and I'm now on the expensive SVR, so I am remortgaging currently (also paying off my Help to Buy loan). The likelihood is that by next spring I'll be looking for a new home, to move late next year or early 2020. It depends if I buy a new build or not. A fixed rate puts me off as most…
