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Potential old payday loan
Hi, we're in the process of selling our house, it's on the market and we've had some positive viewings. One thing that has worried me is that I took out a loan with Mr Lender, almost exactly a year ago and paid it off within 5 days of taking it out. Stupid I know, I was close to the end of my six year period of no payment…
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New Leaf FREE CeMAP® training
Hello MSE people I am looking for a CeMap courses and came across this company New Leaf Distribution (not sure that I can post link here but if you googe it will come up). This company is Recognised Learning Support Provider of The London Institute of Banking & Finance (which give peace of mind) Looks like they also…
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Shared Ownership Stamp Duty Calculation
Hello all, After 4 long arduous years lol I am finally able to staircase. I’m toying with the idea of paying off my mortgage before I do so but if just want to know all the costs applicable before I go ahead with the staircasing process. So the big one is probably the stamp duty. The relevant details are as follows:…
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Halifax Mortgage appointments Branch Audio Recording
Hi I recently visited a Halifax branch for Mortgage appointment with advisor face to face and they are recording the entire duration of the conversation in the room. Is this legal? I have never encountered any other provider recording in the room. i.e lender or a broker doing this practice? Kind Regards The Effects
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Bluestone Mortgages - Application Experiences pls?
Hi All, I am hoping you can help me. We have just had a DIP and submitted application for a mortgage with Bluestone, as we were unfortunately unable to proceed with a mortgage with a high street lender due to my partners adverse credit (few recent late payments on an Eon bill from his property he has just sold "rolls…
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Rent a room scheme
Dear all, I do not own a property yet, and I’m currently provided a accondation with my job under a license to occupy agreement. For family reasons I’m looking at possibly remortgaging a family home that has been left in a will at around a 25% share, so a 75% LTV residential mortgage to return renting equity to other…
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Mortgage Fee & Cashback
Our mortgage comes with a £995 fee and £1,000 cashback upon completion. I asked for the fee to be added to the loan, but I'm aware that you should make an overpayment to clear it as soon as the mortgage kicks in, to avoid paying interest on it. The mortgage is a 2 year fixed deal at 2.02%, 90% LTV and is being used to…
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Borrowing more for home extension
Hi Just a quick query I purchased a property about 6 months ago. My deposit was quite large about 60 percent of the property value. I went for the maximum mortgage I would be lent based on the lenders affordability. I am looking to extend the property in the not so distance future and wanted to know the chances of…
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Over 3 weeks since valuation still no offer?
Broker applied for mortgage through santander 5 weeks ago, house was valued just over 3 weeks ago and still haven’t heard anything? I’m a FTB should I be worried that I haven’t heard yet? I’ve read that Santander usually send offer out few days after valuation.
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Habito launches its own range of mortgages after green light from regulator
https://techcrunch.com/2019/07/09/habito-mortgages/ tldr:* Being a digital-broker they'll be able to mine a lot of data to make decision re profitable segments. It says they'll initially launch with buy-to-let mortgages, I'm wondering if there's fewer providers since the tax changes and they're seeing more margin on offer?…
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IO & minimum income query
We are currently exploring options to raise funds, one of which is against our home. In the past we have had interest only mortgages but the criteria around these seem to be ever changing so I wondered if anyone could offer up to date knowledge on this scenario? Also since our last mortgage DH has become a shareholder…
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Additional borrowing to repay help to buy equity loan
Hi all, I just wondered if anyone had any experience of borrowing more on their mortgage whilst in a fix? I’m currently in year 2 of a 5 year fix and we’ve decided that it would be a good idea to borrow more on our mortgage now in order to repay our help to buy loan sooner rather than later. I just wondered if this would…
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Mortgage payments and divorce
I'm now divorced and my ex is living in our old house. Neither of us is paying the mortgage because we have a payment holiday because we overpaid and the house is for sale. What happens when the payment holiday ends? I think the bank will ask us to pay. I live elsewhere and have a new mortgage. I worry that if the payment…
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Mortgage rate change...should this really mean a new mortgage application?
Hi, I am a little confused after my chat with the Halifax earlier today... I have a mortgage already with them, and I was on a fixed rate 2yr deal...there are 8 years left on the mortgage, but I got a letter a few days ago telling me that my fixed rate (1.99%) was coming to and end in a few weeks, and that I would…
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Mortgage rejected because of acm ckadding
I'm trying to buy an apartment in Glasgow which was built in 2006. At the time it met all building standards but post-Grenfell the cladding has been deemed unfit. The original developer has agreed to meet the cost of replacing the cladding and the project has started. It is expected to take anoyher year or so to complete…
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Advice on additional borrowing on mortgage
Hi, Im looking for advice on additional borrowing on my mortgage We just need £30000 for extension and want to use £4000 of it to pay off a existing loan Why has the banks mortgage advisor split this into 2 separate products? Product 1: £26000 Product 2: £4000 They both have the same interest rate for the same length of…
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Want to have your say on the investigation into the leasehold market? You've got until... - MSE News
Homeowners have until tomorrow to give their views on the leasehold housing market to the competition watchdog, after it launched an investigation...Read the full story: 'Want to have your say on the investigation into the leasehold market? You've got until tomorrow' Click reply below to discuss. If you haven’t already,…
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Mortgage applications with poor credit
I'm looking to apply for a mortgage within the next year but my credit score is very poor but no CCJs or bankruptcy. Looking to hear of others experiences, good or bad when they applied for a mortgage with poor credit, e.g What was credit score at time, how much of a deposit you had, what was partners circumstances?
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Mortgage during an IVA?
Hi all, just wanting some advice.. has anyone ever managed to get a mortgage during an IVA?
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First Payment - is this correct?
Hi All I have a HSBC mortgage. Completed on the 05/07/19. Repayment date is the 2nd of every month. Just had a letter in the post from HSBC to advise that my first payment will be the 02/08/19 and will be my normal month repayment amount of £580. It then shows the following month payment as also being £580. I’m use to…
