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Getting a new larger mortgage - business owner
My Wife and I are looking to move to a larger house. Before we start the process, we're hoping to get some possible clarification over how our earnings may be assessed to give us an idea as to what our affordability will be deemed as. We both own our limited company, I run the business whilst my Wife works part-time in…
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Using equity to pay debt?
Hi I have a new build property I’m in now two and a half years and have just got a new 2 year fixed rate. Is it possible to use the equity on my home to pay off my debts? Our property is valued at £217,000 remaining mortgage £160,000 and equity of £55,000. We have debts of 32,000, we are literally living off debt. Any…
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Remortgaging Advice For Consolidation Of Debt Including Additional Borrowing
Good Morning All :) First Post, But I believe I'm in the right place ') I've tried to look at different Boards and decided Reddit may be the best place for the advice I'm looking for Currently Based in the UK with a Repayment Mortgage with NatWest. Mortgage Remaining Fixed Rate Term is 11 months due to end and My…
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Legal costs house purchase fell through
So my house purchase fell through and sale here. Had to pay a home report but no estate agent fee as never sold. I’ve been told im due no compensation and I owe none. Can anybody advise what % of legal fees I owe? Would it be much less than a complete sale? Reason I ask is I’ve been hit with lots of costs. My factor has…
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Applying for a new mortgage to move instead of selling current house first
Hi We are looking to move, however have not put our current house on the market yet due to a couple of reasons, one being that it needs some work to tidy it up plus all the rooms need to be decluttered first! We have seen a property we like for £325K. We probably have about £100K in savings, and Nationwide mortgage finder…
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Remortgage 30/40k
Hi All, I paid off my mortgage about three years ago and now I am looking to redo the kitchen and conservatory and need about 30/40k - I am probably going to go with 30k. 30k is too high for me for a personal loan in terms of committing to monthly payments so I am thinking about getting a mortgage. The house is worth about…
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FTB Mortgage Accepted - Due Diligence?
Evening all. We’re first time buyers I’m 41 and my partner is 40 and I’m currently in a near constant state of stress! Had a mortgage in principle through Tembo, found a property, had an offer accepted and put the wheels in motion with Tembo to apply through HSBC. We’ve gone through my self employed tax return documents…
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Mortgage application and pcp
I'm in the process of buying a house and have just had a mortgage agreed by santander. At the same time the PCP on my car is at the premium point of renewal/change. The new car pcp would be £118 more than current agreement. My question is, will agreeing to this now, before house completion affect the mortgage offer?
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Hairdresser - Salon Purchase.
Good afternoon, Looking for some advice. My wife has been approached by her boss to buy the Salon that she has worked in for the last +20 years before he puts it on the open market. The Salon is very well regarded in our local town great location and off street parking which is rare around where we stay. The Salon is a bit…
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Too old for small mortgage?
I’m 69 my wife is 71 we will sell our current home (worth approx £170k) no outstanding mortgage want to buy property circa £220k our combined income is £40k (all g’teed pensions) we have about £40k in savings we have no outstanding debts we think moving costs, buying etc we might need about £30k or £40k of a…
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Will consent to lease affect new mortgage application?
I have struggled to sell my flat in the current market and have been given permission to rent it out for 1 year. I then plan to either sell up or put onto a buy to let mortgage next summer. Will this now effect me when applying for a mortgage to buy a family home with my partner? The rent covers the entire monthly mortgage…
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HTB redemption- a week!
We have exchanged and completing on 30th. Very nervous as we now have to wait to get the help to buy redemption processed in this time. our solicitor said she is certain it will be fine and will come back in time even though they ask for 15 days. I am really nervous. has anyone got theirs back quick in small timeframes?
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Remortgaging my paid up house
Hello All, not sure if this is a very obvious question but here goes... I currently own my house outright as I borrowed some money from my family to pay off the mortgage before the fixed rate came to an end. I need to pay them back within the next year or two and so one option would be to take out a fresh mortgage, I would…
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Barclays extending mortgage term
If we would like to extend our mortgage term by additional 15 years (not because of affordability but because of tax savings) is there a quicker way rather than going through the entire remortgage process? I can see in the app under "Mortgage Charter" that they allow that for 6 months and after that you can either reduce…
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Accord lowering rates this week?
Any mortgage advisors on here know if Accord have announced if they will be changing their rates this week?
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Stamp Duty Buying Out Share in Inherited Property
I would be very grateful for any thoughts or pointers on the following situation: My father has passed away recently, leaving his property and small amount of money to me and my sister. We have not yet been through probate so it isn’t “ours” yet. My sister would like to ‘buy out’ the half share of the property that is due…
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Fixed rate started have I missed the boat?
A mortgage advisor found us a good deal and we moved from Halifax to HSBC a week and a bit ago. Our rate is 4.4% however now bank of England rates have dropped I am seeing deals for our mortage for 3.8% for us this would mean a saving over over £100 a month 🤦♂️ Is there any way I can get a different deal? Is there a…
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Halifax Overpayment
When do Halifax add on the early repayment charge if you've exceeded the 10% maximum per year?
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Can I claim any money back from an old mortgage?
My home was repossessed 19 years ago but it sold at auction for double the loan amount is it to late to claim any money owed to me? I don't know my mortgage number but I do know the lender and I have contacted HM Land registry and they are going to send me a file of my details of when I lived there. Is this the correct way…
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Tracker or another fixed rate mortgage?
Wondering what people’s views are… We are in the process of moving house and will probably end up moving around September 2025. Current mortgage is a 5 year fix at 1.49% which ends February 2027. The mortgage is portable. The current mortgage has £113k left and we’d need to borrow another £140k more for the new property.…
