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solicitor asking for money 3 years from completion
Hi completed my house in june 2022. I have today had an email from my solicitors asking for 1030 that is outstanding They have forwarded an email i was apparently sent in December 2023 with a financial statement but I don't have a copy of this and i certainly don't have a letter. Looking at it the difference is in what the…
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halfway through 5yr BTL at 5.74% int. remortgage with same company - fees?
I'd like to be up to speed before I start approaching people: I'm halfway through a £125000 BTL at 5.74%, with a ERC of 3%. with Kent Reliance. They now do a similar product at 4.3%, which could save me nearly £300 a month. If I ask to go on to that one, would they insist on the 3% ERC, even if I'm staying with Kent? I…
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Do Halifax accept developer deposit contribution?
Hi, I currently have a mortgage with Halifax, but Im looking to upsize to a house. My household income is c£74k. From my research, Halifax typically allow 4.5x (£333k) but increase this to 5x (£370k) if it's 85%LTV or lower. The new build house I've looking at is £420k and I have roughly £40k deposit. This leaves me a…
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Wether or not to pay a product to fee
Hi, We're coming to the end of our fixed rate and only have about £20k to pay. When comparing mortgages with and without a fee am I understanding this correctly? Option1: 5 year fix No fee £318.64/mth Option2: 5 year fix £995 fee £316.68/mth So, over 60 months I would only save £1.96/mth or £117.60 over all, so I'm better…
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Remortgage- queried payment to familyc
Currently remortgaging as my term is up. i send £150 to my parents every month to pay off a sofa they lent me money for. They’ve queried what this standing order is for. I’m worried about saying it’s to pay off a small debt that way. Would it be better to say it’s for childcare that they do for me (I have paid them similar…
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What's the best way to repay a mortgage?
Suppose you take the starting point to be a repayment mortgage at 4%.This should be the equivalent of an interest-only mortgage at 4%, plus savings yielding a net interest of 4%.Rather than using ISA savings to repay the interest-only mortgage, if I used the 25% tax free lump sum from my pension, I would have benefitted…
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HSBC Interest Only Mortgage
Hi, Just wondered if anyone had any experience of HSBC Interest Only mortgages. After initial acceptance, do they make future checks to see if repayment vehicle is ticking over OK? Ideally, I'd repay via pension, but I know they don't accept this repayment method at application point. So, I'd initially be paying into a…
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Understanding loan interest rates....
I have a quote from Close Brothers for a car loan. £6,495 over 5 years at 9.25% (applicable on a per annum basis). Total finance interest is coming in at £3,166 - which is approaching 50% of the amount to be borrowed! When I put these numbers into any loan calculator the interest payable is coming out at £1641.00 How are…
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Bad credit and other mortgages
I want to move into a property worth about £400,000. I have a deposit of about £200,000, but I have bad credit. I have a relative who is willing to get a mortgage for me, and I will make the repayments, although he doesn’t own a home. What is the best approach? We were thinking of a Joint Borrower Sole Proprietor (JBSP)…
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Remortgage term
Hello My mortgage term is coming to an end, and I'm torn between a 2-year and a 5-year fixed rate. I wonder what people choose in the current financial climate. A lot is going on in the UK and in the world, too. Cheers
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Remortgaging but husband has bad credit - advice please?
Morning all! I am about to remortgage. I currently have a mortgage in my name only, as my husband does not work for health reasons. He also has a poor credit rating with 2/3 of the big agencies (1 he still has a good one). When we bought the house, we were not "financially tied", but now have a joint account for our food…
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Help! Confused - information overload
Hi all Hoping someone can share similar experience or has any ideas on my situation. I've fought very hard over the last year to clear up my credit file after, unfortunately, being a victim of domestic abuse (inc. economic abuse). There is just 1 unsatisfied default left on my file for £630 from RBS. This is due to drop…
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Stamp Duty Liability for my particular scenario
Due to a personal situation change, I find myself in rented accommodation, as part of that change no also own a couple of Rental Properties. I am looking to get back on the residential ownership ladder, and am confused as to what the Stamp Duty implications may be in my particular scenario. Will my residential purchase be…
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Pepper money mortgage, worried something could go wrong.
Posted this on an old pepper thread but didn't get replies. Here is my time line of events : 25.3.22 broker submits application and same day hard search on credit file and pepper money ask for a couple of documents which were promptly provided. 30.3.22 pepper are not happy with one of the documents and they ask for it to…
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Kensington mortgages experiences
Hi, we are looking to apply for a mortgage in the next couple of months but before we do I just wondered if anyone would be kind enough to answer a couple of questions about Kensington mortgages (we have a dip from them) Which credit reference agency do Kensington mortgages use for the hard credit search? I'm going to…
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Brokers for over 50?
I'm currently 53 (self employed author/game developer), and planning to go for a mortgage in 2027, when I'll be 55. I know specific brokers are not allowed to be recommended, but are there brokers that specialize in mortgages for over 50s? including for self employed over 50? I just wondered if that was a thing or not, or…
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Mortgage broker - ask me anything
Thought I would start a thread where people can ask the brokers opinion on things @ACG @LRmortgage @kingstreet @Deleted_User (any other brokers want to chip in - these were the main other brokers who came to mind. It is definately an interesting market - probably the busiest I have ever been but at the same time lenders…
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Mortgage application
Hi, had mortgage application initially accepted by nationwide, however when the valuation of property happened they down valued the property which resulted in LTV increasing over 90%. Nationwide then couldn't complete the offer. Our application had been accepted at all stages until valuation and had been reviewed by…
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End of Interest Only Mortgage - Credit Report
Good Afternoon, I have an IO mortgage that ends on 30 September - however sale of property is taking a little longer than anticipated and it looks like completion will not be until end Oct - possibly early Nov. No problem with extending until house sold, however lender is unable to say how this will show on credit report -…
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Mortgage Porting & Downsizing
Hi all, Hoping someone can provide some clarity on mortgage porting & downsizing. Have sold our property for £575,000. Our property was valued by mortgage company approx 490k so we are in the 75% loan to value bracket. We have £367,000 outstanding on mortgage with Natwest. We are looking to purchase a property for £425,000…
