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Mortgage Payout to Ex Partner
A friend’s partner left him a few days ago, no hope of reconciliation. Their new Fixed Rate deal with same provider starts in a few weeks, on 1st Nov. Should he cancel the new agreement immediately, and go onto variable rate in the meantime? He wants to take on the mortgage himself (partner has too low an incone) and is…
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Once a mortgage gets quite low (say about 40k) can you just pay it off?
Is there a sweet spot where a mortgage doesn't have much left to go that you should just find a way to pay it off and be done with it? Or is it better to continue till it's gone? Thanks
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Restriction on our property
Hi, We are at the end stage of a remortgage but have hit a brick wall due to a restriction against our address?? We were referred to Lowells Portfolio to discuss the restriction after several calls to them from both my husband and I (the mortgage holders) they confirmed there was no restriction against either of us and…
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Remortgage time.
Hello, I’m just about to remortgage, probably pushing towards a 5 year deal, as I can’t see much upturn in the economy with Labour in charge. So not seeing much point in doing 2 just to remortgage onto possible worse deal. my question is what are peoples thoughts on term of mortgage. should I just keep it at 30 years and…
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Bluestone Mortgages timescale
Hi, I’d appreciate some thoughts as I’m pulling my hair out here!! We are in the process of selling our house and buying another. Due to adverse credit my partner needs a specialist lender and has had a nightmare with a dodgy broker messing him around so wasted weeks on mortgage search. We contacted Simply in August and…
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4.12% with 999 fee vs 4.36 with no fee? 2 Years fixed
Hi hopefully a quick one - this is for borrowing 228,000 The plan is to remortgage after that initial 2 year fixed period With that in mind, even with the higher interest rate, does it work out better to use the product without fees, assuming remortgaging happens at the end of the 2 year period?
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I own a home but my partner doesn't. If we get joint mortgage is their 50% stamp duty?
If I were to buy a 2nd home I'd get hit with stamp duty, but what if it's a joint mortgage with someone who is a first time buyer (and thus no stamp duty) thanks
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Equity Release Providers
I am intereested in views on Equity Release providers So far I have been in contact with Age Partnership and LiveMore If I understand correctly Age Partnership acts as a Broker who will charge £2000 should you go with their chosen provider but Livemore are the actual providers and as such this charge does not apply…
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End of Fix versus end of actual mortgage
Our current mortgage fix ends in about 6 months time, by which time we will only have about another 9 months to pay on our mortgage as a whole. I had naively assumed that we would be able to get some sort of bespoke length fix for this kind of interim period, but apparently not. With the relatively recent interest rate…
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Mortgage lender refused to accept Statement of Truth and Indemnity Policy in regard to access issue
Selling my house to my son and partner. Have lived in it for 30 years. Access to the property is on a bridle path. Our solicitor was surprised that Nationwide would not accept Statement of Truth and an Indemnity Policy to resolve the issue. They said most high street lenders would. However, neither our solicitor, or my…
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Certificate of compliance
I purchased a house in 2022. It was built in 2018 and I’m the second owner. As it’s a new build there are estate charges of around £300 year. The house is freehold and I own all of it (with a mortgage). Im coming up to remortgage and speaking to mortgage broker who has advised me there is a covenant on the deeds which…
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Has anyone recently applied for a mortgage with Aldamore?
Just wondering if anyone has recently applied for a mortgage with Aldamore and how long it took to receive your offer? We applied with with our broker on 17th September after being turned down by another lender. The wait is simply excruciating! Although things have moved fairly quickly. Process time frame so far: 17th -…
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How to prepare for mortgage application?
Morning all So we want to put our one bed flat on the market early next year and port the remainder of the mortgage across to a new property. We will be needing all funds we can scrape together for this move (I am allowing enough for stamp duty, EA fees, Solicitors ect) I have two questions Is the fact we have never missed…
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Mortgage Repossession on an Inflated Debt Caused by Bank Errors
where to start! My mortgage matured in 2024-I believe the balance is inflated, none of the figures match up, credits into the account are ledgered but not deducted from the balances, fees were capitalised unjustly, and overpayments were not applied to the capital when the endowment crashed - though it is written in the…
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Would you pay mortgage off
Currently have a mortgage for £46500 at 5.2% roughly £200 pound interest per month. I have max holdings on premium bonds and won average of £150 per month so far this year. The early repayment is 1% so about £465 it drops to zero in May 2026 should i cash premium bonds in and settle my mortgage been thinking about it a…
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Question about application and CC debt
Hello, I have a question regarding getting my finances ready for a potential mortgage application in the near future, 6-12 months from now. I’ve also posted This in the CC forum I am in full-time employment and over the last few years have also operated a small weekend business online as a sole trader. Over those years I…
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Second mortgage?
I currently own a property it’s worth £225k I owe £115k on it with virgin bank. My mum lives in this property & I rent an apartment £600 per month. I’m self employed and am just doing my first tax return I earn £35k. I want to get a mortgage for myself. Is this likely to be able to be done and what type of deposit would I…
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Lloyds bank product transfer mortgage rates
I've been on the variable rate for ages for various reasons, on an interest only mortgage (bad financial decision). I'm not able to remortgage due to income (even though I always make my payments and overpay! I've seen a broker), so I am speaking with Lloyds about a product transfer. In the initial conversation which…
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Do you think we could get a mortgage...?
Current situation is that I live in a mortgaged property that I own with my ex partner, whos now moved out. He is asking me to sell the property or buy him out, but on my own, i wont get the mortgage, therefore I am looking at the possibility of getting a mortgage with my Dad, for him to move in and to enable me to buy my…
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Special Guardianship Order & a gifted deposit
Hi all, My partner and I are looking to buy our first house in Wiltshire. To help us, my partner’s parents would like to gift us £10,000 towards the deposit. They aren’t her biological or adoptive parents. She was placed with them under a Special Guardianship Order when she was a child and lived with them until she moved…
