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Overpayments on Barclays mortgage
Hi all, first post in this forum, apologies if it is TL;DR. I have a Barclays 5 year fix mortgage that has some 1.5 years remaining until the end of the fix. Mortgage contract says that overpayments are allowed up to 10% per year. Apparently Barclays mortgages, or at least the one I have, allow for two different types of…
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Audited mortgage 6 weeks ago!! How long till offer
So we sold our house 15th December last year. Our buyers have yet to have their morgage offer! Nationwide valuation was done over 6 weeks ago now and their morgage advisor said it had been pulled for audit around 4 weeks ago. The advisor never answers his phone and takes around 5-7 days to get back to our estate agent when…
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Stuck in Mortgage, help me plan please?
Hi, I’m in an interest only mortgage with ex northern rock and have a high LTV. I know I need to reduce my LTV in order to remortgage but I’m unsure which way to go about this and would really appreciate some help. Myself and my husband have a decent combined income (average about £100k) our house is worth £225k, there’s…
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Applying for Mortgage when I've already sold and left my old house
Hi All, I have owned and lived at my property for 4.5 years It was the first property I owned ( and I purchased it with my husband). We have agreed on a sale for a great price and are scheduled to complete on 31 March. This is all down to going through a divorce - so had to sell and we'll be splitting the money. If all…
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Balance transfer - mortgage application
Hi. I have a credit card with a very high interest rate. I applied for a new one with 0% interest rate to save a lot of money. It got approved. I haven't transferred any money yet, because I have applied for a mortgage. My documents are still being assessed by the bank. I didn't expect both things to happen at the same…
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Remortgaging a property to buy a BTL: Is it worth it?
I had an interesting conversation with a friend of mine earlier today and she's exploring paying off her mortgage and launching herself in the brave new world of BTL by remortgaging her existing property and buying a smaller property outright, so all the rent money (minus 20% tax) would feed into the remortgage repayment.…
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Fix Ends 30/09/2022 - Remortgage
Hi all My two year fix with HSBC comes to an end at the end of September 2022 so I am keen to get the ball rolling to have a new mortgage in place. I know I can't secure a new deal with HSBC until 90 days before. With rates only going one way, should I fix for longer than say 2 years? No plans at all to move. Currently…
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To take a penalty & switch ... or not?
So my 5yr fixed with Nationwide comes to an end September next year, 2023. With rates looking to increase which is a first for us while we've had a mortgage, and with how fairly close we are to the end of the 5yr deal, I was wondering if some knowledgable folk reading this (in the maths area, not future telling) could give…
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Making Offer with AIP - Estate Agents Insisting They Need to Do Own Affordability Checks
Good Evening, We arranged a AIP with an independent mortgage advisor who is attached to our building society and searches over 90 different lenders so are aware we are being offered the most competitive products on the market. We have seen a property we like and have contacted the estate agents to make an offer but have…
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Bank of England increases base rate to 0.75% - what the rise means for your mortgage and savings
The Bank of England has increased base rates to 0.75% from 0.5% after the Monetary Policy Committee (MPC) voted in favour of a rise. The base rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn... Read the full story here: Bank of…
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Equity release redemption
Hello, newbie here. I have a concern with an equity release company. My father- in- law passed away in November, he had an equity release plan on his home to pay for the carers he needed. My wife through probate now owns the bungalow, and obviously the equity release plan. we have a redemption figure coming to us from this…
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Mortgage fully assessed
We got a rather casual email this am re our application husband is self employed and submitted 2 sets of accounts with application. All papers were returned to us stating scanned todays email asking for SA302’s but saying that application was fully assessed what does this mean? I tried calling on the “direct” number which…
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Mortgage Guarantee Scheme - 7 Year Ban on Additional Borrowing
Hello, I am considering buying a home at 95% LTV, with a lender backed by the gov's mortgage guarantee scheme. My concern with the scheme is the stipulation that no additional borrowing is allowed before the expiry of 7 years. My understanding is that this would prevent us from selling this new home in the next 7 years and…
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Mortgage issue 2 titles
Hi, Im a new member and this is my first post… I couldn’t find a recent thread on this - can someone advise? I’m looking to buy a property with a garage converted to annex which has been registered on a separate deed and separate mailing address. We want this property upon purchase to be one residential home. I have no…
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‘Buying in’ to partners mortgage with help to buy isa
My partner owns his house. I have never owned a house so I’m a first time buyer and have a help to buy isa. So I know for certain if we moved house I could use The isa and get the government bonus. but we aren’t looking to move anytime soon however the mortgage is up for renewal soon so we are wanting to change it so the…
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Early Remortgage
Hi, Given the increases that we're seeing in Bank of England Base Rate this year, I'm considering locking in a 5 year deal now and paying an early repayment charge, rather than waiting until December when we can re-mortgage without fees. I know all calculators will advise against this as we're currently on 1.14% mortgage…
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Re-Mortgage Application After Transfer of Equity
Hello, I have question regarding my remortgage application. Due to the delays with Land Registry. My solicitor has advised it could take up 18 Months for the deeds to be updated with the Land Registry, however they have advised that Assent document will suffice as proof of ownership. Will this also be adequate for a…
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Mortgage Underwriting process
Hi All I sumbmitted my mortgage application through my broker 15th Feb. It’s been in the underwriting process with Aldermore for a while. On Thursday they contacted my employer for a reference and payroll sent it over on Friday, does this mean they have checked everything else and this is a positive? Would they have…
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Endowment
Morning, can anyone tell me if it's worth cashing in endowments early, I have just over a year to run on it. It seems in the current situation a lot to pay out for not much and the money would be helpful for other debts. Thanks
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Mortgage application submitted - found spelling mistakes on address in CreditKarma
OH and I submitted mortgage application with Skipton on Friday, we had an AIP from them before this and my current mortgage is with them (porting over). Following submission I’ve noticed there’s a spelling mistake showing in my address on Credit Karma. It’s showing as kk instead of ll, E.g. fakk instead of fall. Everything…
