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Are there mortgages available in Irish Republic for people on benefits?
Hello Forumites, A friend lives in Ireland and doesn't think that she can get a mortgage as she is having to rely on benefits (unable to work due to health issues). There are such mortgages available in the UK but I cannot find evidence of any mortgages in Eire for people on benefits. Can anyone please offer any advice on…
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Re-Mortgaging in current times
Hi I’m not sure if this is a daft question considering everything that is going on around us. But, just before lockdown our Independent financial advisor was just about to apply for a re-mortgage on our home (lived in for 15 years) to use some of the equity in order to do a small extension and new pvc windows. I understand…
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Lump Sum - Advice
Good Morning Money Savers, I'm after some advice / opinions on my current situation. Moved into new house just over a year ago. Some major renovation is required and plans are currently with the council. Cannot imagine any work starting until next year at the earliest. Two Mortgage Rates: £80k @ 1.89% fixed until 31st May…
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Re-Mortgage whilst on DMP
Hi All Looking for some guidance. My initial 5 year fix will be coming to an end with Natwest in a few months & since taking the mortgage out I have entered a DMP which I am working hard towards paying off as soon as I can. My mortgage payments are all up to date. I have a couple of questions in relation to what will…
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Gambling on 6 months statements
Hi Back in November i spent around 3 days online gambling spent about 250euro banks are wanting six months statements but I haven't gambled online since then will this affect my mortgage application does anybody know??
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Remortgaging to buy in Ireland
Hello. I am wanting to move back to Ireland as soon as I can and was wondering if there is a way of remortgaging my current property in order to buy a much cheaper property there then paying off the total debt on the sale of the house in the UK? Thanks
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Mortgage term past retirement age
Hi, I'm a little late to the house buying game and we're thinking of buying in the not too distant future. The typical mortgage term is 25 years, but can you get that if it will take you past retirement age? I'm currently 43 and have a retirement age of 67, what options would there be for mortgage terms? Would I get a 25…
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Becoming a Mortgage Broker - Advice
Bit of a random one. I work as an insurance broker, advising clients etc. but with a focus on lead generation and business development. I have no mortgage experience but I’m thinking about training to become a mortgage broker alongside this role. Does anyone have any advice? Has anyone retrained part-time? Or is anyone a…
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HSBC mortgages
HSBC is best buy for a new property that I'm seriously considering but I've had poor experiences with them for branch banking in the past. Would be interested to hear recent experiences of their mortgage application process to help make up my mind.
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Paying off a loan
Hi i was in the process of applying for a mortgage before corona but now it is all on hold . going through my finances and trying to make them better. i have a loan no interest loan with Barclays - there is another year left of repayments (£445) total would it help to pay off all of this loan now and get rid of it or…
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Desktop Valuations.
I have been tracking my mortgage online and the only thing outstanding is valuation. Apparently it was instructed last Wednesday. We were told from MB it was a desktop so just wondering if anyone knows the turn around times for these. We are using NatWest.
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Consent to Let denied but LTV too high for BTL
Hi Everyone Me and husband bought a small flat in SE London 4 years ago. 2 years ago, husband got new job which provided work accommodation which we have to live in (we pay rent for this). Because of this we started renting out our flat. Our mortgage provider provided a consent to let for the last two years, and all has…
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Riddle me this someone, please...
I just can't seem to get a definite answer to my question re tracker mortgages.. If a "two-year tracker" has "0 early repayment fees" and "unlimited overpayments" - can i essentially switch to that mortgage deal until things settle down and then remortgage to a fixed deal in say 6-12 months with absolutely 0 charge for…
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Endowment due to mature
We have an endowment that is due t mature which covers about 30% of the mortgage. The mortgage is not due to be paid off for another 4 years and we are considering investing this sum to hopefully end up being able to pay off more of the mortgage when it is due. We also have another endowment will mature when the mortgage…
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Transfer of equity
I am currently trying to remove my name from a mortgage but the company says that my ex partner has to get the ball rolling because she is the soul contributer of the mortgage zthis is proofing difficult (9 years to be exact) and the mortgage company also states that if on paper she can not afford the payments then they…
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IS IT WORTH IT PAYING OFF MORTGAGE?
Hi, I now have the opportunity of paying my mortgage off in full but cant work out if its worth it. My mortgage redemption figure is £64000 which includes a £1246 early repayment fee. It has a fixed 2.53% fixed interest rate which ends 30/9/2021 and I pay £408 per month with 15yrs 5mths left on the mortgage. Do you think…
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Mortgage application for older couple where one has a life limiting illness.
An unusual situation, but I'll try and explain succinctly. I'm aged 61 with a history of cancer, and in receipt of a small £9K pa research grant. My partner is aged 48 with a salary of £34k pa. This year we will be looking to borrow c.45k for a property (our contribution from savings will be £130k). My partner is a first…
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LTB or CTL
Hi, I find myself back on this forum again as plans once again seem to not go as had hoped. Hoping to get some advice again. Just over 6 months ago, our fixed term ended and we switched to a lower rate with additional borrowing (LTV less than 40%). All is well until we spotted a house on the market not too far from where…
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Trying to buy a repossessed property during the pandemic
Hi everyone, I hope you're all safe and well. I'm looking for some advice/reasurrance/a miracle ..... I'm going to be trying to buy a repossessed property - plan to re-offer in the next couple of days. Had 1 offer accepted previously then was gazumped by another buyer last week and didn't want to drive the price up whilst…
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Mortgage protection or payment protection policies when furloughed.
I have been furloughed like 6 million others in this country and like everyone else have worries about the pick to the economy and the security of my job. I currently have critical illness cover only on my mortgage but was wondering if I could take out a mortgage protection policy whilst furloughed? The company has never…
