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admin: please delete
admin: please delete this thread - thanks fuzz
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Do you get a better rate if you're already with a lender?
Looking at a re-mortgage next year. First time I've done it. Seems there are much better rates for me switching to a new product, than the like-for-like equivalent for someone purchasing with them for the first time. Is that a thing? Or am I reading this all wrong? 5.99% -…
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Mortgage Offer
Hello all, wondering if anyone can help me out at all…does anyone know if you can speed up the process of getting your mortgage offer, we have had a lot of back and forth and the seller has asked for the property to be put back on the market which has obviously caused us extreme stress and upset Thank you in advance
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I can’t get the logic
Hi, not sure where to post this I’m just hoping someone can help me get my head around this. So mortgage rates have gone up before my renewal but where I am lost is: cost of living is increasing as the price of goods fuel gas etc goes up and most really the vast majority is energy related so the Bank of England to combat…
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MSE News: Mortgage support expanded to help those struggling with payments
More homeowners who are struggling with mortgage repayments will be eligible for state support from next year, the Government has announced. From spring 2023, access to the 'support for mortgage interest' scheme will be expanded – meaning you might be able to get help covering the interest element of your mortgage…
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Overpaying
Is the quick answer to always overpay on the mortgage with the highest interest rate? Or if there are differing amounts owing, should the higher amount be overpaid? I have two mortgages (on the same property (yawn)):- £40,000 at 5% £70,000 at 3.14% The first one is variable (2% above base rate) and the plan was to keep…
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Fix in or go variable?
Hi, our fixed term is coming to an end, offered 4.99% which is affordable but only because we are having to extend our term by 4 years, offered variable at 3.29% my question is if any one can help (I know the markets are constantly changing so advice can change) do we fix, or do we risk a variable, if we go variable, and…
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Moving house in the middle of fixed term - question
We are in the middle of a 5 year fixed rate mortgage. The rate of 1.39 is portable. We are looking to move to a property that is around 20k less than we've sold our current property for. What exactly would happen with regards the mortgage? Would we be able to use the difference of 20k to pay the stamp duty, estate fees etc?
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Named persons on Deeds different to Mortgage
How would my daughter stand if her Husband wanted to sell their property where they are living apart. They had a joint Mortgage, all paid off. But the Deeds shows him and ex-partner. My daughter is living in the property with her disabled sister, he is elsewhere and not on the electoral list for the property. She pays all…
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Advice needed now Help to Buy has ended and my development wont complete by the deadline
Hi All, I got some advice a while back about a loan that wouldn't cause problems for the mortgage. I need some more advice as out of the blue in May my parents offered to take equity out of their house to give me a deposit on a new build near where I currently live. I got everything ready to complete by the end of the…
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Mortgage broker booked the wrong mortgage the lender.
Hello, I would be most interested in any comments or suggestions on my situation. My interest only mortgage is coming to an end next May. My current lender is not interested in any other options and just wants the mortgage redeemed as they don't do interest only anymore and they have the most expensive SVR. I contacted a…
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Mortgage overpayment or something else...
Hi, apologies because I know there have been a lot of posts about whether to make mortgage overpayments or not but just hoping I can get some collective wisdom on something.... So I have a mortgage on a 2 year fix rate @ 1.19% which runs out June 2023. By June I'll have £135k left on the balance and it will have 18 years…
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Changing mortgage broker after seller accepted offer?
Hi all, This is our first time buying a property while also selling our current one. As such we’ve gone with the estate agent’s recommended mortgage broker without doing as much due diligence as we perhaps should’ve. They’ve done the mortgage in principle and we used that to put in an offer for the house we’re buying. Now…
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First time buyer help
Hi people just looking for some tips or help without going into my full life story. I never applied for any credit before I was 21 this all started with my ex girlfriend who wanted phones, loans you name it (my fault for letting it happen) she ran me up a few debts and went on to cheat (bla bla bla) I went onto having…
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Does a mortgage affect a spouse inheriting a house?
I've found out about a very odd situation that has left me somewhat baffled. Hoping someone might provide some insight.... OK so I know of an elderly woman (92!) who is in debt. She owns a very expensive home but since her husband died about 3 years back she has been unable to keep up with the mortgage payments. Now…
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Mortgage overpayments
I know Martin has covered mortgages and overpayments recently, after looking into my own I wanted to raise this issue and ask what his advice would be. Also does he think this is fair of Nationwide ? I have been in a fixed deal for the last 4 years, it ends next September I started making overpayments about 2 years ago…
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Should I get a credit card to prove I can pay mortgage payments?
I am looking for some advice. I am a young person who will, in a few years time, be wanting to get a mortgage for my first house or flat. I am wondering whether it is beneficial for me to have a credit card, use it for everyday spending and pay it off monthly, in order to prove to a mortgage lender in the future that I am…
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Inflation rises to 11.1% - What next for base rates and mortgage rates in 2023 and beyond?
With CPI now at 11.1% where do we think base rates and mortgage rates will be heading in 2023? I was expecting rates to peak at 4.5% next summer but I'm not so sure now. Historically base rates have been generally higher than inflation but with with the amount of UK debt, I myself don't see this happening. Personally I…
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Accepting new job offer prior to completion, but not quit current job until after completion
I'm in a situation where we complete in 2 weeks. I've been offered a new job, better salary, same domain etc. My plan is to accept this offer, and only quit my current job After completion, giving me then a months notice and time before the new one is due to start. So although I would have accepted the offer now & signed…
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Virgin Money refusing to add my Husband to the mortgage
Hello, My house is worth £150,000 and the mortgage balance is £56,000 (37% LTV). The mortgage is £347/month with 15 months left on the deal. I bought the house when I was single 9 years ago, my now Husband moved in 8 years ago and has given me half of the bills/mortgage via bank transfer each month since. We recently…
