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Mortgages & endowments
Archives for April 2020
Discussion List
Residential to BTL stamp duty
Simple question that I'm struggling to find an answer for. I have a buy to let and a residential. If I remortgage my residential as a buy to let (so I have two rentals) do I pay stamp duty on it? I've looked online but can't find anything. If you find a link please include it in a reply Thanks in advance.
Mortgages and wage arrestments
I already have a mortgage but if I want to sell and take out another mortgage on a different property can I do so if I have a wage arrestment or would I have to pay this off or what?
Mortgage Holidays
I want to take a 3 month mortgage holiday due to the current Corona situation. However, Santander's website states "payments you would have made will be added to your outstanding mortgage balance. This means interest will be charged on this increased amount...". If, for example, my mortgage balance is £100,000 and my…
Has Halifax updated its fixed rate mortgage products to align with BOE's 0.1% base rate?
Hi all,Halifax are only dealing with urgent queries during this covid-19 outbreak so I won't call them and waste their ressources. Hoping someone here will have the answer to my query:Halifax have updated their fixed rate mortgage products today with lower rates, but it is unclear whether the new rates from today are…
Do I continue to buy at the price we agreed before Corona?
I agreed on a price on a vacant property prior to corona, we are due to exchange contracts in June. Given that we agreed on the price before corona what do I do next? * Ask for a discount * Pull out * Buy for the agreed price (the house I am buying is vacant so we can exchange contracts) Thoughts as well guys/gals..
First Direct Additional Borrowing Application
Hi, I made an application in early March (before the pandemic) and was due a surveyor from Countrywide mid march and that has been postponed and I wondered what the chances are of still securing the funding, I was contemplating doing some work over the summer. I would have been around the 80-85% LTV. Is it just a case of…
Early Repayment Help
Hi,I am looking for some advice on early repayments and what it could save me in the long run - thank you.MortgageSecured Loan amount: £137,750.00Fixed rate off 3.28% until 1 January 2021Then Standard Variable Rate 4.99% (61 payments)The Discounted variable drops to 4.74% (276 payments) Term: 30 yearRepayments now…
Coventry Building Society NOT cutting rates!
Has anyone else got a Flexx for term mortgage with Coventry Building Society? Today our payment came out, which we expected to be less following the Bank of England rate reductions, but it was the same. I gave them a call and the gentleman said they had not applied the rate cut to the flexx for term. I am fuming. They were…
Any mortgage brokers seeing buyers put in lower offers on houses?
After what's happened with the world in crisis are mortgage brokers seeing buyers put in lower offers on houses? if so, how much are buyers getting off their purchases? Is it newer builds that buyers are having more luck with getting a lower price?
Paying off mortgage strategy
My mortgage lender says on their website: If your lump sum payment is £1000.00 or more in addition to your normal monthly repayment we will calculate a new mortgage payment for you and will write and confirm this to you. Does it mean it's worth paying £995 every month or £1,005 every month in the long term? (assuming it…
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