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2 year fixes now cheaper than 5 - what does it mean?
Ever since Liz Truss, many banks have offered 5-year rates significantly lower than their best 2-year. My interpretation of this was that the banks were predicting that interest rates would fall. In the last few weeks, though, banks have started prices 2-years below 5-tears again. Eg Yorkshire’s current best 2-year…
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Halifax: Credit Check after Cerificate of Title
Halifax Final Credit Check - Certificate of Title I am at the final stages of buying my home. Deposit paid - valuation done - move out day set - contracts signed. From what I understand, Halifax complete a final credit cheque before releasing funds. This email chain happened with my solicitor today, does this suggest…
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First time of remortgaging
Hi everyone, we’ve been homeowners for 15 years but due to house moves and the use of SVR, this is the first time we’ve actually had to remortgage to get a new deal on the same house. We’ve accepted that our payments will be taking a jump, as we are currently at the end of 5 years at 1.84% sadly. We are currently paying…
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Proving source of funds
Hi, I’m a first-time buyer in full-time employment, and I have a mortgage offer from a lender who is satisfied with everything. I’m currently in the process of purchasing a property, but my solicitor has been incredibly slow and, frankly, incompetent. After more than three and a half months, we’ve only just reached the…
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Lender asking for gifted deposit declaration for money not part of deposit
I am in the midst of a mortgage application. My mother has gifted me the deposit, proof, letters and gifted deposit declaration has been provided. Prior to application, I had a large savings account for my Wedding fund. There has been money deposited into this account by myself, my partner, my mother and my grandfather. I…
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FTB NatWest timeline anyone?
As the title says - anyone else applied or applying with NatWest recently? Just curious on the time lines 🥰 have DIP and full application being submitted tomorrow. thanks
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Paying back a loan AND REMOVING A CHARGE FROM MY HOUSE
Hi I borrowed money from my friend to buy my house. Together we put a charge on my house to safe guard her. I am now taking out a bridging loan and will pay her loan back out of this money. The broker states She needs to provide a redemption fee letter and agreement she will remove the charge from our house. The broker…
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Yorkshire BS remortgage
Hi all, What are peoples experiences like recently applying directly with Yorkshire Building Society? We are currently remortgaging and they are offering the best product on the market. However the broker we was going to use said their application process is quite painful/paper based - however not sure if they’re just…
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Accord Mortgages Timeline
Hello, My broker submitted a full application with Accord in the 2nd Feb. The valuation was completed on the 5th Feb. I think this was a desk top valuation as it came back fine the same day and the estate agent didn’t have a clue. I was asked a few questions about some transactions on my bank statements on the 5th Feb and…
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Applying for a Mortgage when 50% job cuts are on the horizon
Hi All, The organisation I work for is being abolished and merged with another government department. Wes Streeting has announced 50% job cuts but nothing formal has happened - I have not been placed at risk or anything like that. Under the circumstances could I still apply for a mortgage or is there no chance? I have…
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Can you join with a friend to go half-ers on a mortgage?
Giving each other 50% of the home? One of us (say me) will live in the new place until it's paid up (possibly even after that but who knows). Looking at a relatively low value property say £120k Thanks Paul
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Recent West Brom applications
Hello, Our mortgage broker has sent our full application off to West Brom following an AIP. Our broker has been great but the control freak in me is really struggling not having access to my own portal... * Hard credit search completed 08/04 * Direct debit mandate, signed gifted deposit form and recent cc statements to…
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Please help - gambling and a mortgage
I want to preface this by saying please don’t judge me, I’ve made a mistake, and I’m looking to rectify what I can. My partner and I have been renting for the last 3 years, and we’ve finally got a deposit saved for a flat. Last month my best friend passed away very suddenly and unexpectedly, and I, for gods knows what…
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BTL, 2 yr mortgage deal ending, trying to sell house - options, help!
Hi all, I've tried for a year to sell my HMO to fellow landlords with no luck (other than stupid low offers), so now going to sell to 'real' people, should open up to a potentially bigger group of buyers - so I've turned the 2 downstairs bedrooms back into a lounge and a dining room, make it look like a house, not a…
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Mortgage company giving inconsistent detail re: term length/capital borrowed
I'm confused at the moment. The Mortgage Works, who I have a current mortgage with (and have had for some years) has been emailing me regularly about my deal coming to an end soon (accurate) and to click through find out about changing to another deal. I checked the link was legitimate, and was faced with a range of…
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Fixed mortgage ending soon
Hi guys just after some help please. My current 5 year fixed mortgage deal is coming to an end and would like to fix again for 5 years as I like the peace of mind it brings. House value is currently £325,000 Currently owe £140,000 Term I want is 23 years. I have found the following deals 4.19% fixed with no fee 3.99% fixed…
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Not Proceeding with Mortgage Offer
Hi, Looking some advice. Me and my ex partner recently withdrew an offer for a house purchase due to personal circumstances. We had a mortgage offer approved etc at this stage. We have since broken up also. Contracts were not exchanged also. What happens to that mortgage offer now? Can it be changed from a joint…
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Mortgage Application Process
Hi all, i am currently in my mortgage application process with Santander. Submitted application on Thursday 10th April, hard check was performed once it was submitted. Then on Friday i saw it is Underwriting in progress. Another hard check was done today. I phoned Santander for an update and they said “The underwriting…
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Lloyds Private Banking
I'm currently in the process of remortgaging to a 1-year fixed-rate interest-only mortgage with Halifax. I think interest-only mortgages are the future for me and I don't know why I initially opted for repayment when buying my current home.Looking to future remortgages, how can I give myself the best chance of having…
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HELP- LISA
Hello everyone, my partner and I are seeking some advice regarding our Lifetime ISA (LISA) funds. We initially opened these accounts to save for a mortgage. However, we've recently been told that we can get some land gifted by my father on which we plan to build our first home. We are now exploring options for accessing…
