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How To Pay a Mortgage off....
Hi, I am lucky enough to be able to pay off my mortgage early (having saved the amount required). The mortgage has a penalty clause, which expires in a couple of years - My dilema: how to go about paying it off ? My current plan is to get an account (not my current / savings account) Then seed that account wit the money…
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Mortgage Companies that allow second charges?
Hi all, Looking for recommendations please and the situation is this; I’m going to be relocating for work. The company is paying all relocation costs and lending me £100k interest free to assist with the increased house prices in the new area, which is nice. Understandably, they will require a charge against the new…
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Natwest cert of Title
Hi, My remortgage completion date is set for 2nd April. The solicitor has sent cert of Title to NatWest yesterday. Not sure if they will process it by Monday. When I spoke with NatWest they said they need to check it. What checks are made and any chance of being refused?
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Santander Mortgage Overpayment
My mortgage deal ends next week so the day after I want to pay a lump sum of the mortgage so I do not pay early repayment charge. so whats the best way to do it. 1 Go into santander branch and pay by a cheque. 2 Ring santander and do it over the phone maybe using debit card. 3 Online banking sending money to a santander…
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Advice needed - Mortgage term ended 3 years ago
Good morning all, I'm after some advice. At the age of 55 my father purchased a property on a 12yr mortgage, and lived there for a number of years. He then moved back home, informing the lender that he was moving and and planned on letting it out. The lender amended the monthly payment amount as appropriate. Bearing in…
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Short term bridging loan
I wish to sell my house in the UK and use the equity to buy a house in Central Europe. It would be far easier for me to buy the European house first, and then sell my uk home second. What is the best type of short term loan/mortgage that I could use for this purpose?
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When to remortgage?
Hi, we are currently on a 3.75% fixed mortgage which expires on 31 August 2019. Early repayment charges mean before 31 August it wouldn't be worth it until then, but how long is a remortgage offer normally valid for? Could we get an offer now that's valid until 31 August 2019?
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TSB application
Morning all. Just looking to calm my nerves by posting. Had a full offer from Santander which expired as our new build wasn't ready in time. Tried to extend but they'd changed their criteria and therefore wouldn't lend us as much as we needed. Habito found us TSB who will lend us what we need, albeit quite close to our max…
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Redemption Statement woes
So, we exchanged on 15th March with completion set for this Monday, 1st April. Mortgage monies have already been sent to my solicitor by Nationwide and everything appeared to be ticketyboo ready for the big day. But.. Last week when my solicitor sent me the financial statement, the amount she needed from me was about 6k…
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FTB How to give offer for the selected property?
Dear All, We are the FTB and have viewed few properties in the last couple of days, liked few on them. Can please someone suggest how to put an offer and what should be covered in the offer? It should be over the phone, in email or in writing and what should be incuded in the offer letter? One property advertised for £320K…
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Trapped by NRAM!
[FONT="]Hi everyone! In January 2007, a remortgage for the sum of £680,000 was arranged by a broker (on an INTEREST ONLY basis) with Northern Rock, without the need of a proof of income. My business suffered severe financial losses in 2008 during the credit crunch, and we could not keep up with the repayment as we were…
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Remortgaging
Hi - I have recently been to a mortgage broker to look at re-mortgage. They recommended a deal which we applied for, we had the valuation and we received an offer from the new mortgage company but conditions are listed in the offer for us to have a damp/timber roof and floor void survey done on the property, when I asked…
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FTB with a default. Interest rate??
So i am looking to but you first home but i have a default from 2 years ago on my credit file. I am sure this is asking how long is a piece of string but what sort of interest rate will i be looking at. Im just trying to get a rough idea. I know that adverse credit lenders charge more but what would i be looking at?…
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Lifetime ISA and mortgage
Hi I am purchasing my first house with my partner. We have been offered a mortgage of £130,000 and the house price is £150,000. We have maxed out our LISA's for this year but have been told we can still put money into our LISA's after 6th April 2019. We already have the full deposit of £20,000. If we max out our LISA's,…
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Buy to let, interest only, over 65
Some advice regarding my mum's properties please. She is 67 and owns her own small home outright. She has a further 2 properties on buy to let interest only mortgages and she owns about 30%equity in each. They are both worth about £270k each. These mortgages are coming to the end of their terms in the next 6 month's and…
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Overpayments - Reduce term or monthly payment
Hi all, Currently have a Nationwide 2 year fixed at 1.74% LTV is 85% term is 35 years (:eek:) we are looking to make a minimum over payment of £200 per month each month, and it asks if we want to reduce the term or the monthly payment, or pool it up to the end of the fixed term. Which is the best option to look at? We're…
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Interest Only mortgage coming to an end
I have an interest only mortgage that is due to end in around 4 months. It was always the plan to sell it off towards the end of the term and it suited my lifestyle and intent. In fact nearly everything has gone to plan and I am now living in another home quite happily with the other house up for sale. However the market…
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Worth going to mortgage brokers for those with good credit history and high LTV?
One of the high street banks offered me a 5 year fixed rate of 1.96%. I don't know much about mortgage brokers, are they likely to find a deal that's much better than this? My general understanding is that a 5 year deal which is under 2% is good. Is it worth going to a mortgage provider if you have a normal decent credit…
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Overpayment question
Hi people, ill try not to make this to confusing. Right basically im looking at getting a mortgage which is 5 year fixed at about 2.1% then 4.2. Based on a 25 year mortgage. It says i can overpay up to 10% of original mortgage per year without fee. So does that mean it is essentially possible to completely pay off the…
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Is Nationwide 2 Year Tracker Good Just Now
Hi All. Mortgage with Nationwide is due to be renewed in around 6 months time. Rate for fee free 2 year tracker is currently 1.84%. Should I be rushing to tie this down or has it been lower in recent months so there is no great rush?