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What Are The Downides to a FRM, Should I get 2yr or 7yr?
I'm reading on the disadvantages to a FRM but still have questions. I'm not in a position where I can apply for a new mortgage / switch lenders at the moment. I'm uncertain as to what the big downside is to a 7yr vs a 2yr FRM, apart from potentially lower interest rates - which I'm fine with. I pay £560 a month now and…
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Good equity, large debt
Hi, Due to debt i'm looking to downsize significantly - I just want to get a basic understanding of how it all works first, I know I need to speak with a mortgage adviser but won't find the time for another week or two. I'm looking like anything between £80k-£100k equity on the house but approx £45k debt (including a large…
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Can i get a mortgage
Hi i wonder if anyone can help. Me and girlfriend looking at H2B, house is 285k we have 95k deposit plus the H2B loan and it is due to complete building spring next year. Girlfriend earns 24k has perfect credit and has just sold house, no debts except 100/month student loan. I earn 35k and have no debts, but some bad…
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Waiting on a Natwest HTB Mortgage Offer
The valuation was carried out on Tuesday, they received the information yesterday and were assessing it then. Hopefully we get a result today, waiting is absolutely exhausting! And my Mortgage Advisor from Natwest is very busy so it's difficult to get answers from her at times. Has anyone else had a long wait with Natwest?
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looking to take equity out of house to buty holiday home
Where looking to take out equity out of our home to buy holiday home in Spain. We have no mortgage and wandering which is the best way of doing this. Re-mortgage etc. Any help and information would be appreciated.
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5% Deposits
Anyone had experience with 5% deposits from main high street banks? First time buyer and I've been looking around and HSBC has given me a DIP for 5% deposit on £250k. Perhaps naively, I always thought it was 10% unless it was help to buy. Anything I need to be weary of with these?
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Paying Mortgage Overpayments with Credit Card
Hi folks Hope someone can help. I have a mortgage with no Early Repayment Charges so I always try to overpay my mortgage by as much as I can. I've been consistently overpaying by £400 per month. I was thinking about taking out a 0% credit card and using the limit (say around £4,000) towards the mortgage. So it effectively…
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Adverse credit mortgage question
So just a question for anyone who knows or anyone has been in my situation. Potentially looking to apply for a mortgage in a years time. By this point i will have 3 defaults that are 4.5 years old As it stands they are £3900 £50 £0 (settled) Now ignore the fact they haven't paid yet as i will pay them i'm just waiting for…
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Chances of getting accepted for mortgage?
Me and my partner have applied for a mortgage through a broker with Santander. House price is 148,000, 5% deposit and first time buyers. In the past our credit hasn't been great. I had a status 4 late payment from O2 which has now been removed as it was placed on my credit report in error. My Experian report is fair and my…
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Shared ownership remortgaging fees L&Q
Hi, Im looking to remortgage in the next few month, I own a 60% share of a property with L&Q. Having done some research and received some information from L&Q. They have told me there are some fees which are due to them, which seems ridiculous to me. £130 - aproval of remortgage £204 - notice of transfer and charge Does…
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Get out of early repayment charges?
I think I know the answer here already but is there any scope of getting around early payment charges? I renewed my current mortgage about 8 months ago. I now have a new job and am moving. I wanted to rent out my current house by mortgaging with a new lender and port my current mortgage to a new property but my mortgage…
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Increasing loan on remortgage
Back when I first bought my flat, I had help with the deposit from a very generous family member. This was intended as a gift and a letter was sent to the lender to confirm it wasn't expected to be repaid. However, I do want to repay the favour as it has really help set me up financially and the family member has children…
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Mortgage overpayments, when to make them?
Hello. If making overpayments on my mortgage, when would be the best time to make them? My mortgage advisor awhile back told me that it is better to make monthly overpayments rather than say save up for the year then pay off however much you've saved, something to do with interest building up or something, but I cant…
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Best way to pay off mortgage with ERC
Hi all Just after a bit of advice regarding a thought I have regarding paying off our mortgage. We lost our dad a few months back and so will inherit his house that will be sold. This inherited money will enable us to pay off our mortgage. We took out our mortgage last September on a five year deal so as such we are tied…
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Mortgage consolidation.
Afternoon everyone hope your well. I've recently built an extension on my property and increased the value of it quite a lot however in doing so my wife and I have had to get a few loans to complete it. I've made some enquiries with a mortgage broker to consolidate the loans into the mortgage so we don't have such a…
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Bridging Loans
Hi, I have just sold the ex marital home and still living in it with my daughter, ex pays the mortgage. I am under pressure to exchange within the next 4 weeks. I have seen a property I like and have had an offer accepted BUT, my ex has still not agreed a settlement on the split of the profit of the ex marital home and…
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Mortgages and credit rating
So before I begin, done need comments about PST history and stupidity. Don’t need comments about where I went wrong etc well aware of past mistakes. So I have a terrible credit rating, current 116 on ClearScore not sure what Experian rate as. I have several loan from a previous relationship 1 with everyday and 1 with…
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Help To Buy ISA
Hello, Really confused! At what point in the mortgage process do you need to close a help to buy ISA down? My solicitor has said not to close it down as she is just reviewing the information the seller has sent over and then providing everything is there can then supply this information to the lender. This is a shared…
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Help to buy - no contact
Hi First post..: be kind We’ve been in our home 6 years this month and so far have had zero contact from our help to buy agency. Maybe this is a silly question but I can’t help wondering if we’ve been overlooked and maybe written off? Anyone else had this issue? Cheers
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removing name from mortgage to buy new house (not separating)
Hi We are in the process of buying a new house. The new mortgage will be in my husbands name only, therefore my name will be being removed from the mortgage. We arent splitting up and have no plans to. But considering the worst case senarios: A) husband dies ... I'd get the house in will... and then prob sell it and get a…
