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Remortgage question
Hi, fixed rate ends in March so starting to look now. Currently got £111000 left so when applying do I apply for this amount although it will be less (not a lot) by the time the new mortgage starts in 6 months? What happens if I accept an offer then find a better rate in a few months can I just cancel the first offer?…
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Underwriting - debt to ratio
Hi, our application is with the underwriters at NatWest but I'm concerned we are going to fail the affordability checks. Do underwriters do debt to ratio on things like childcare costs, new mortgage cost, bills etc? If so ours is 61%.
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Is my tracker mortgage that good?
I've had my tracker mortgage for about 15 years, it's an old alliance and Leicester one that's now santander. It's 0.9 above BOE base rate for life (25yrs left on mortgage of 350k). Fully offset (can be handy), no ERC, no other charges at all. I've enjoyed the good times with this mortgage... And bracing for bad times now.…
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Halifax Mortgage with historic adverse
Hi, we have just had an AIP approved with Halifax 70% LTV - 165k deposit AIP issued for 670k - house we have offered on is 560k so well inside affordability Our credit files are clean with no issues or defaults I have a historic issue from 2011 (repossession) - how would Halifax view this? Thanks
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Advice after tonights news mortgage companies pulling deals for new customers!!!
Hi I have just seen where mortgage companies are pulling deals for new customers due state of the market. Does this included customers who have already had offers but not yet completed contact for the property they are sale agreed on?
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Starting again - mortgage and general advice!
Looking for some advice if anyone has any on my situation and can offer any thoughts My wife and I agreed to separate at the start of 2022 after our marriage broke down. House is currently being sold and after settling our mortgage etc we’ll be left with around £160k equity in December 2022 - so £80k each. I would then…
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Natwest Remortgage
So my 5 year deal expires early March 23 and as I am with Santander i knew I would be waiting a month or so to find a new deal which i am not keen on Applied online with Natwest on their “online only 5yr fixed”. Application confirmed but reading online it could take a little while to be processed. Do Natwest and banks in…
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Question regarding overpayments when switching product deal
Hi, say I am on my last year of current fixed rate deal and have maxed out overpayments for the year, am I still able to make a lump sum overpayment when switching products to a new fixed rate deal, to reduce the principal even further before moving to the new rate, without penalty? I am with Nationwide if this helps,…
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Remortgage to moving... Options for my existing offer
In July I decided to get an offer to remortgage my current property for which the fix rate deal ends on 3rd Jan 2023, with Santander. The rate I secured was 2.4% for a 5 year fixed for 150k, with Natwest. The mortgage is portable We are now looking at a possibility of moving into a new build house which would complete in…
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Renewing mortgage - when do new payments start?
Our mortgage deal ends in May next year and are hoping the mortgage will offer us a good deal in the coming months. If they do it by will still be higher than what we are paying at the moment. If we agree will the new higher payments start straight away when the original deal ends in May?
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interest only available
any companies still doing re-mortgage @ interest only mortgages ?
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Is my husband a financial associate?
Is my husband a financial associate of mine? I am applying for a mortgage imminently, i am debt free and have been working a second job for a few months so I can get a mortgage. My husband has debts but he services them and has no adverse reports on his credit file. He isnt applying to buy the house, his income is…
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text obsolete please remove
text obsolete please remove
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Stick with lifetime tracker or fix?
Hi, I am looking for advice. Along with everyone else I am getting nervous about the interest rate rises. I currently have a lifetime tracker which is 1.79% above the base rate so currently we are on 4.04%. The balance of the mortgage is 50k and ends in 2036. We are being offered a 5yr fixed rate at 3.92 which is lower…
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apply for mortgage certificate now ?
if i apply now for a mortgage certificate will the lender honour the rate if mortgage rates go up ?
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How high will 2,3 and 5 yr fixed rates get repriced at as bond yields near 5%?
What profit margin do lenders price in on top of the bond rate i.e if a 2 yr bond is 5% does it mean a 2 yr fixed is priced at 6% or 7% what profit margin is typical anyone know?
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Nationwide "Helping Hand" Mortgage
Hi all, new here! I, like many, am desperately trying to get onto the housing ladder, unfortunately my households income is just short of Nationwide's "Helping Hand" mortgage by £300. Their criteria for the extra 20% is that your household has over £55,000 income, with mine and my partner at £54,700 (including child…
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Help to Buy Advice
Hi all, Would like some advice on HTB. We have 3 years left on our HTB scheme and we are on the fixed rate mortgage with 3 years left on it. What is the best way to pay back this HTB, We got 20% of the price, which is around £70K. Given that the house prices will shoot up, I am guessing I will have to pay back around…
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Do all mortgage lenders check financial associate’s?
Do all lender’s check for financial associates? (Coventry BS) My gf applied for a sole mortgage & got AIP for 54% ltv, she had an offer accepted on a house & has since applied in full. We checked her Experian credit report before hand & all excellent, since then I checked my score on check my file & it has came up on the…
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Should I remortgage right now?
Hello everyone, We have a year left on our introductory fixed term mortgage and we are wondering - given the interest rate hikes that are coming - whether we should go ahead and remortgage now? Our loan was for £173k at 2.8% interest, and we've been told that if we remortgaged now we'd be paying 3.6%. So by next summer…
