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Paying off mortgage
We are hoping to be in the position to pay off our remaining mortgage in the next 3 or 4 months. Our current 10year deal is set to expire in September. Is there a procedure to go through ? Do we need to make an appointment with the mortgage person at the bank to officially inform them of our intent ? Is there a recommended…
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Themortgagelender TML
Hi A question for any brokers on here, or people who know. Has my broker went to the wrong lender? We are remortgaging, we want to borrow some extra too. We have gone to TML, I was looking at there criteria. It states they wont lend more than 75% LTV on ex local authority which ours is, it also has limits on non-trad…
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Re Mortgaging and adding my partner
I am currently the sole owned of my home valued at £420000 and have a mortgage of £89000. I am just about to remortgage and borrow additional funds for an extension / home improvements ( additional £140000 so the total mortgage will be £230000( with fee ) . My partner will be taking this new mortgage on with me (a 50/50…
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Halifax product transfer
Hi all, This situation is hypothetical because I am next level crazy worrier!! My work are making redundancies (albeit voluntary at the moment). I don’t think my role will be at risk. My fixed term is up in March next year (yes I know I’m crazy). If I was made redundant prior to the remortgage and hadn’t yet secured a new…
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Clarification on expiring offers/MIP/extensions
Hello, may I describe a situation and ask for some knowledgeable feedback, please. FTB has a Mortgage in Principle arranged in June, runs out 20th August. They have finally found a house and made an offer. Even if accepted, there is no way it will be completed by the end of the mortgage offer. As the buyer is self-employed…
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Changing mortgage rates before completion
Me and my partner are currently in the process of buying our first home, it’s a new build and we have a competition date of the 28/11/25. We have a mortgage in principle with an adverse lender because I have 2 Ccj on my credit file one will be at 6 year on the 9/8/25, the other will be 6 years old on the 16/10/25 and I…
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Need to finance roof repairs. Can we adjust mortgage or other option to fund it?
Current main financials: Mortgage £65,951.90 Remaining term: 11yrs 5mths (we have been in the property for 14 years this year) Current LTV: 23% 1.99% Fixed rate until 30/06/27 Loan for car £9,948.00 (£194.65pm x 60 months at 6.50% fixed) Savings approx £2500 Our attached garage and kitchen flat felted roofs need replacing,…
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Remortgage for a buy to let
I have no mortgage on my residential property valued at £500,000 Could I remortgage my home to purchase a buy to let I understand buy to let's you need 25% deposit However if i am remortgaging my residential house to raise the funds would I still need to a 25% deposit The buy to let is £375,000 and I will put down 10%…
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40 years mortgage, should we take it
We found a house to PX priced at £320k. To be able to afford it at £1000pm for 2years fixed the mortgage advisor increased our term to 40 years. I'm 35 now and my husband is 32. Should we take it? Is it wise? At the back of my mind maybe we should take it now and just downgrade later on in life or maybe we die and the…
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Fixed term ending
Good afternoon i was after some advice please. My fixed term mortgage is ending in 6 months and I think now is the time to look for a new deal. Where do people find the best place to compare Mortgages? I was also reading that if you find a good deal you can apply but leave if a better deal comes available is there much to…
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REMORTGAGE FROM BTL BACK TO RESIDENTIAL MORTGAGE
I m 61 employed earning shy of 40k a year . My BTL is valued £340 k I still owe £208,000 am i likely to be able to make my BTL into residential mortgage as i am divorcing and will need to move into it. With my divorce i am commited to spousal maintenance of £200 a month for the rest of her life. Is there a minimum amount…
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Removal of a charge on my property
I cannot finalise the sale of my property as there is a charge on it. The charge is in 2 companies names and the debt was discharged in 2018. I have an email that confirms receipt of the final payment and goes on to say I will be contacted re removing the charge. It had taken a while for the matter to be sorted - I had…
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Unencumbered
Does anyone know of any scheme or product for people with an unencumbered property to release the money during their life time and then, on passing away, the property becomes owned by the lender?
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Bank of Ireland - mortgage prisoner ?
I am looking for advice as I’m not sure of the best way forward. I have a two part mortgage (previously ported) with Bank of Ireland. One part ends at the end of August this year and the other at the end of May 2026. I am looking for the best way to put the parts back together in order to allow us to remortgage to another…
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Mortgage and CCJ
Am not sure if this is the correct place for this question - but here goes. I'm trying to help out a member of my family who is wanting to move house, but she has a CCJ. She's had a mortgage with the Nationwide for 7yrs, but 2 1/2 years ago she ended up with a CCJ which she has been paying each month with no missed…
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I've been researching mortgages for weeks and only just realised this.
The principle amount you borrow remains the same through the length of the mortgage and doesn't increase with inflation... Rent will always increase with inflation. Yes I'm subject to interest rate fluctuations but since 1992 the interest rates have remained below 6% and assuming we don't have another covid situation on…
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Help to buy Question
Good Evening! I’m looking for some clarification on our HTB loan. We’ve been renting our house for the last year with approval from HTB, as we had to relocate for work. We’re approaching the fifth anniversary of purchasing the house, and I haven’t paid much attention to it since getting approval over a year ago to rent it.…
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Tsb being sold
Hello I took out a fixed mortgage 3 years ago. If tsb is sold. Does the original mortgage agreement stand. I.e. it honors current deals. Thank you
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Mortgage for renovations
Can I borrow more from the bank than is required to cover the list price of the property? For example, if I want to buy a house for £160,000 and I have £30,000 in a LISA. Can I borrow £145,000 instead of just £130,000, and use £15,000 to renovate? Or will the bank want to lend me as little as possible?
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Remortgaging and selling house advice please
Hello. I'm planning on putting my house up for sale and my fixed rate runs out in October. I don't think the house will sell by then or be completed if it did sell but won't know until I put it on the market. Im currently on a fixed rate for 2 years which is 6.59%. The follow on rate is 7.74% life time tracker (BEBR…
