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Not planning on porting mortgage, overpay before selling house to avoid ERC?
I have about 6 years left on a 10 year mortgage, but I am selling my house and planning to only use part of the proceeds to buy my next place so I won't actually need a mortgage anymore. Unfortunately I have one of those sliding scale mortgages with charges if you redeem early depending on the amount left on the mortgage.…
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Porting without selling existing home
Hi! Hoping you brilliant people can help. I'll try and keep it simple. I'm looking to remortgage now to get a 10y or 5y fixed @1.93% mortgage with Lloyds. I don't want 2y fixed due to the current uncertainty on bank of England base rate. I expect to buy a more expensive house after 3 years with my partner, but not sell my…
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Repaying Help to Buy Equity - harder than I thought/caution
Hi, I am almost five years into buying my first home, which was financed by a deposit, a five year fixed 35 year mortgage, and importantly a 20% Help to Buy Equity element. During this time I have been saving and overpaying my mortgage as fast as I can. Recently running the forecast I am aiming to be debt free in just over…
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Is it difficult to switch where you live and swap BTL mortgages around?
Ie. You now want to move into one of your BTL properties and rent out your current residential property if mortgages are already in place? Or is it easier the other way round, ie moving out of your residential property and changing the residential mortgage to BTL and moving into a new residential mortgage property. Just…
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New mortgage needed for son previously been refused.
Hi, my son wants to get out of his expensive mortgage but fell into arrears last year. He has now caught up with payments but his applications for a new mortgage have been refused. Can anyone recommend a broker who specialises in helping people in his position? We are in Lancashire BTW.
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Advice or direction on where to get advice needed please.
Advice or direction on where to get advice needed please. My husband and I really want to move. My brain health isn't great and part of that is situational so moving would be a big help. Our fixed term ends Dec 2023 but ideally we want to move before that. We owe about 93k on the house and the Zoopla estimate (that we are…
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Mortgage and New Jobs
Husband and I both leaving our jobs and moving to Glasgow from York at the end of July, he is an Assistant Head and I work in HR for a University. Our house is sold STC and we will have £300k in equity and will be looking for a small mortgage of £50k when buying in Glasgow. Need advice on how to play it with the mortgage…
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Stafford Railway Building Society
Hi Our Mortgage fixed rate is due to end in July and having done a comparison search on MSE, I've found the best product is from Stafford Railway Building Society. Has anyone had any experience with them and would you recommend?
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Early repayment charge more than interest left on the mortgage
Hi I will soon have enough money to clear my mortgage however I stupidly took a 5 year fix with a 5% erc. The erc is now more than I’ll pay in interest for the whole mortgage not just the fix period. Has anyone has success getting the erc reduced to just interest owed? I want the mental freedom of being mortgage free but…
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Looking for advice please...
My husband and I are moving back to the UK where I have secured a job. We want to buy our first family home with our two children but my salary does not allow us to get a large enough mortgage despite having saved up a substantial deposit. My mum however has a property that she rents out and is willing to help. One option…
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Mortgage dilemna
Hi thereAny advise would be much appreciated please. I am a accidental landlord and have been so for the past 7 years. The property is now up for sale. At the end of April my current fixed BTL mortgage (currently £555 per month and £242k interest only), comes to an end, raising my mortgage to £1186 per month on the…
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Santander mortgage application - worried about down valuation
We list in the South East (Kent) and our
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Mortgage fixed rate
Hi, After some advise. We are currently year 4 into a 5 year fixed product. With concerns on the economy and interest rate rises we are thinking of leaving early to another fix product for 5 years maybe more. My current provider will charge £1500 as an early release fee, it can be added to the mortgage. Do you think this…
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HTB Scheme, Estate Rent Charges and Ground rent
Hello everyone Myself and my husband got our mortgage offer 31st Jan. We were close to exchanging on the property when we were told there was a clause on the freehold document which as to do with ground rent/estate rent. By the end of March it will make it 2months since we got our mortgage offer but we cannot exchange nor…
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Credit Card use after approval
Hi, I was approved for a mortgage 3 months ago, expected completion in a few weeks. I have avoided all credit card use since approval but have accidentally made an online purchase of £25 using my credit card this morning. I have immediately cancelled the sale but it is already pending on my credit card. Should I inform the…
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Mortgage Valuation a good sign? Leeds Building Society
We applied to Leeds building society via a broker last Friday. All documents were accepted according to our broker and valuation was instructed yesterday. With leeds is the instruction of a valuation a good sign and we've passed the underwriting stage?
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Will JSA affect future mortgage application?
I wondered how far back lenders will look and whether a break in employment and a few months job seekers allowance will impact lending likelihood? If I've been employed for a year after JSA would it be overlooked?
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Mortgage offer issued based on a payslip in less than 48h
Hi All, I am quite surprised but apart from filling up the mortgage application and sending them a single payslip it was enough for the lender to issue a mortgage offer.They haven't even asked to prove the deposit. I know that a bigger portion of the deposit sits in my bank account that is with them but nevertheless.It's…
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Blue stone morgages
How long does it take to know if have morgage from day morgage broker bas sent everything off thansk
