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Take the hit for ERC or stick with current mortgage
I'm currently 2 years in to a 10 year deal fixed at 2.49%. The mortgage has a 5% ERC until Nov 2028 which would currently cost about £2500 if I was to remortgage to try and take advantage of a lower rate. I'm in a position where I could pay off a lump sum of approx £30000 and then remortgage the remaining balance at a…
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Recent Halifax Underwriters experiences?
Hi Just looking to see if anyone has any idea of underwriters timescales at the moment for Halifax? DH is self employed so we knew from the start that we would need underwritten. Currently we've passed credit check, they have our home buyers report and my employed income payslips showing I'm back from furlough have been…
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Info needed in getting a mortgage
Hi 😊 I am currently living abroad doing my nursing degree, i finish in may next year and i want to move back to the UK, my home country. I want to get a mortgage but i am abit worried my credit rating in the UK is not good, i had a debt and did not pay it off before moving abroad in 2016. I left england as i found a…
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Mortgage - Also a guarantor
All, First post :) hi. I am sadly in the position that me and my partner may be going separate ways, we own a lovely home but it looks like its coming to an end etc. Currently have about 20 months of a 5 year deal left so I will need to check what fees are but suspect going to be costly to get out early. I am currently…
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Moving House outside of Initial Term - Can I port and product switch together to avoid product fees?
Hi all, I've had an offer accepted on a new property just as I come to the end of the initial term on my current mortgage deal. The rates being offered by my current lender (Halifax) are competitive, and I'd be happy to stay with them. The only downside I can see is that their product fees are significantly higher than…
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Mortgage Offer Conditions
Hi all, sorry if there's already been recent threads about this... I had a quick search but couldn't see anything recent. I have had my mortgage offer through from Halifax with the following condition "You have declared an intention to repay some or all of your outstanding credit commitments. Your mortgage application…
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Mortgage broker used wrong valuation
We recently realised our broker used an incorrect (£125k too low) valuation for our mortgage. We did tell him the new valuation which was due to an extension. We stupidly didn’t double check this and are wondering what to do. We have 2 yr fixed from June this year so would be looking at 5k early repayment. I haven’t done…
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Natwest post valuation query timescale
Does anyone know Natwest's post valuation query timescale? My buyer's solicitor raised the subject of the ground rent doubling every 25 years to Natwest (post-offer) on the 15th Sept and we still are waiting for any news, 2 weeks and 2 days on. Anyone else been through this knows how long these sorts of enquires are…
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Natwest Mortgages
Wondering if anyone else has any experience of this. We had an AIP from NatWest done at the end of August, full application was submitted 1/9/20 with no affordability issues. We have just heard from our broker that the actual amount they would lend us is 22k less than the AIP even though nothing has changed and all…
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First mortgage - proof of address
My partner and I are going to apply for our first mortgage very soon. We've had an offer accepted on a house we like, and our solicitor has asked us for ID (passport and driving licence) as well as two additional proofs of address each from the last three months. We haven't received a single physical letter in the last…
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French Mortgages
The mortgage market in France seems to have really tightened up. We were offered an agreement at 85% LTV on a loan of 90,000 euro that has now been withdrawn. Brokers that I've found won't touch this as it's such a small (for them) amount of mortgage. Does anyone know any French mortgage providers that do "small" mortgages…
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Natwest Mortgage Process
Hi, We're just going through Natwest for mortgage and was wondering if anyone could share their experiences with the Natwest mortgage process - timescales etc. Also, I am starting to worry as I had a number of missed payments on a mobile phone contract in 2014 and 2015. I used payday loans in 2016 too. Does anyone know if…
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Halifax retention rates
We are at the point of remortgage and noticed Halifax were offering decent retention rates during lockdown but are now on the rise. If we go via a broker it was 1.47 but has gradually risen 1.59 today ( yesterday was 1.57) our broker is too busy until next week and can seen the rates rising regularly. I have checked some…
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Overpaying mortgage - what happens if I pay more than 10%?
Been trying to get in touch with Natwest to ask this, but their wait times are consistently 1hr+ and the online "Manage my Mortgage" is offering no help. My mortgage is £470k and I want to pay a lump sum. I can overpay up to 10% per year, but what happens if I accidentally go over that 10% by a few hundred pounds? I've…
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Bluestone, Help to Buy and Barratt Homes Timberframe
Evening All, First timer here. Does anyone have experience with obtaining a mortgage with Bluestone on a Barratt Homes new build that has been built with the new building method using a timber frame and brick? I’m worrying about so many things at the moment including timescales of Bluestone’s approval process, I’m nearly…
