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Illustration retracted
I had an illustration through Morgage advise bureau in feb, they got me the offer and requested their first fee of £200 to continue, after this was paid my lender requested more information which was provided and continued to ask for more paperwork ect, all this was met and now they have reduced my loan by 50% which…
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Fixing mortgage?
Hi I’m currently off work on adoption leave and I’m on base rate mortgage with nationwide. January I was on 2.1% and looked at fixing but was told I would loose access to my overpayments of £20k so I left it alone. Now I’m up to 3.25% and to be honest I don’t understand my monthly payments haven’t increased. I’ve only got…
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Arrangement Fees from Advisors for Equity Release - Do I need one?
We are asking Age Partnership to call and give us advice on Equity Release and the various plans available. My sister has done this and said she paid £3000 in arrangement fees!! :o That sounds a hell of a lot of money for recommending ER plans! Can it be cheaper once you have got the advice going elsewhere for your equity…
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Fixed rate mortgage ends Dec 2022 advice
Hi my fixed rate mortgage ends at the end of this year. I was on 1.59% for 2 years. in July my balance was £75083, paying £486.03 a month. Term remaining 14th 5 months. Property valued in 2020 £325000. should I start looking now for new deals? wgat are current rates? how long should I fix for? Many thanks
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Does valuation mean mortage ? - subprime
Hi all, just Wondering if anyone can help me with some advice. I’m currently in the process of getting a mortage with Bluestone who are a sub prime lender. All my finical life been trying to get back on track and have got to a position where my credit file is stable with no credit cards just a car loan. Managed to save the…
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How to work out LTV
Hello. I owe £75700 on my mortgage which is a 30% share on shared ownership. The full market value is roughly £420,000 at 100% ownership. How do I work out my LTV bracket? Is it based in full value or the value of my share?
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Mortgage porting - Do I have this right?
So we paid off our mortgage recently, it had 19 months remaining on the deal meaning an ERC of £4900 which Lloyds said we would get back if we completed on a new house within 6 months of completion on the old one. Trying to get my head round the numbers. Our mortgage was £180k left to pay. New mortgage will be £200k Does…
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Second Property Tax - Advice
Hi all, I currently own a property in a location that has hit a massive downturn in property prices, and if I sold today I would be sitting on a loss of approx 30% of the value of my property. I currently rent the property out and would like to continue to do so to ride the downturn in house prices out and hopefully recoup…
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fixed rate mortgage rates and base rate relation?
Hi I am currently in a fixed rate until next end June 2023 at 1.94%, ERC over 2k. I am trying to work out the relation of base rate to potential fixed rates on mortgages, is it often double the base rate, so if base rate goes up 0.25% then fixed rates could go up around 0.5%? I was hoping to rearranged my deal 6 months…
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Should I move savings into one account before applying for a mortgage?
I am about to apply for a mortgage as a FTB. I have most of my deposit in my main current account, and a small amount (about £800) in another account that I very rarely use (it’s for savings only). Is it better to move the £800 into the main account before applying? Are there any benefits/drawbacks in doing so?
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Deed of Trust - Main residence rule
My wife and I live in the property that we have been living in since shortly after we got married 6 years ago. My wife has never been added to the mortgage and I never got round to adding her to the title. A few years ago, she purchased a small investment property in her home country so effectively, as a couple, we own two…
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NatWest lost friend's Dad's deeds, Can he request a DSAR?
Hi, as above, this is causing issues with selling. My friend would is Executor but can he request a DSAR on behalf of his Dad (who has passed away) to see any internal memos, emails, etc on the subject of them losing the deeds?
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Fix my mortgage?
This comes under nice problems to have. I stand to inherit enough money to pay off my mortgage (about £60k) but it is just waiting for the property that forms the estate to be sold. I thought it would be well in progress by now but it's not yet on the market due to slow-moving relatives (I am not involved in the estate…
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Will My Mortgage Offer Rate Go Up?
I am waiting for my solicitor I instructed to send their client care letter before I can see my offer! With all this faffing about will my interest rate go up. I am sure the building society said I have around 9 days to sign it.
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First Direct 3.09% Fixed 5 Years
Seems to be top of the table on fixes and its even cheaper than their equivalent 2 year fix!
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Financial link but not joint application
Hello everyone, this is my first posting I have recently applied to Santander to re-mortgage from my existing mortgage and have been accepted and all the conveyancing is in full swing. Now, this is a single application, not a joint application with my husband. I have now noticed that Experian have linked us as financially…
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Partner Split
Hi, I'm splitting up with my partner and we've jointly lived in the same house for about 4 years - splitting all bills - although only her name is on the mortgage. The house is valued at £160K and there is £60K equity. We've agreed a £40K / £20K split in her favour of the equity. I would like to stay in the house,…
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Negative Equity, partner leaving. Advice needed
Hello, My Partner and I purchased a property 7 years ago at which time house prices in the city was very high which was a shared equity with the house builder (85% us, 15% house builder). Over the last few years a combination of the city struggling and a large number of affordable homes built in the area, has meant the the…
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3 options for mortgage
Hi, I have a decision to make regarding my mortgage and would appreciate some help. I am currently on a interest only tracker mortgage. It’s is 0.9% above the Bank of England base rate. It has 15 years to run. It was 180k but I have paid it down to 145k over the last 18 months. I am very happy with the mortgage and like…
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Remortgage plus equity release - is this bonkers in 2022?
Hey, thank you in advance for your advice. I feel like such an imbecile with how little I know about personal finance sometimes. :-( I have a mortgage on a first floor flat. £192k mortgage, current value £380k-£465k according to Zoopla. I rented it out a few months back and I need to switch from a 5yr fixed (2.14%) to a…
