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Early repayment advice
We have two mortgages and I think doing any early payments on the bigger mortgage will be better off in long run, any advice welcome. Mortgage A: This is our residence, approx 140K left, 4%, remaining term 14 years Mortgage B: Rented, approx 40K left, 4.5%, remaining term 9 years.
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Barclays 'overpayments balance' mortgage
My wife and I are 4 years into a 35 year mortgage, which started at £240,999 at 2.99%. We've been overpaying for awhile now, both lump sum of 10% and monthly overpayment. I've just got our latest revised payment notice, as we've increased our overpayment again and I wanted to check my understanding of something. The…
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Can I avoid early repayment charge if I take out a new loan with same lender?
Hi all I have a loan with TML and a hefty ERC which doesnt expire until 2028. I am looking to buy a new house and cannot port my mortgage unfortunately however I could take a new loan out for higher amount with the same lender (TML) Is there any way I can get my existing lender to agree to waive the ERC if we take out a…
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pension/LISA in lieu of principal?
Hello, I have just started a mortgage, but a couple of things has just occurred to me
* an MSCI world tracker fund is very likely to outperform savings over the time horizon of a 25 year mortgage * stocks and shares can be bought with an effective 25% addition (in the case of a LISA) and 66% by adding to my pension. The…
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Mis sold Barclays Sam’s Mortgage
Has anyone else been mis sold a Barclays Sam Mortgage? Around 15 years ago my mum and her partner went to Barclays to arrange a 15K loan, however they were quickly talked into taking out their Sam’s Mortgage with the idea that they wouldn’t have to pay the money back until they had died. So an agent went to my mums…
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Mortgage with defaults
Hi, I posted on another area previously. I have seven defaults just being registered totalling £15,000. Not something I'm proud of but I struggled work wise to maintain a job I was happy with. I had to make the decision to put myself first. I have a flat which is worth £220,000. Only had a mortgage of £39,000! I want to…
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Tenants in common
Hi, My partner & I bought a right to buy council house with 50% discount, we have it as tennants in common, unfortunately my partner passed away earlier this year & has left his share to his son. His son wants me to buy his 50% share, there is still a mortgage on the property & a pre emptive clause with the council as we…
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Santander online servicing of flexible mortgage
I see Santander are the latest to revamp their online servicing, breaking their systems in the process which means I can no longer make transactions online. Why don't IT departments test their work before it goes live?
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Let’s Fix Again…
What are people doing at the moment with remortgaging? Three years ago I fixed (and by god I wish I’d fixed for 5 or 10 years but I know if my gran had wheels she’d be a bike etc). Now I’m up for remortgage with a 55% LTV and I have no idea how long I’ll be living here but in all likelihood at least three years and maybe…
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Preserve accumulated ISA when buying a house
My wife and I are currently renting and have just over £1m in capital that we we would like to use to buy a home next year. About £400k of that is in ISAs that we have built up over the years. We need to use all our money for the home purchase (London!) but I would like to preserve the accumulated ISA wrapper. I’ve looked…
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Remortgage - standoff - any advice appreciated
Hi, I’m currently 4 months into a remortgage where part of the objective was to clear the remaining help to buy and consolidate some debts. After 4 weeks of referring to an amendment with the lender, finally the solicitors have now provided further detail. The lender has made it a condition to pay off the debts first…
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What are my best options regarding a mortgage?
Hi everyone! I'm wondering if anyone could help me figure out what my best options are for moving home. I currently own a home with an ex. We joint own it, so when we sell it we will be splitting the profit 50/50. At the moment it looks like my profit will be £70k. Potentially a little bit more, but let's just say that. I…
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Separating from partner - mortgage situation
Hi all, I recently found out that my wife has decided to pursue a relationship with another person. Currently, my wife and I are still living under the same roof with our two young daughters. The house is mortgaged under both of our names, and we have only a joint bank account where all our wages go in, and all the bills…
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Undischarged paid up mortgage with Abbey National
We are currently trying to sell our house we bought 40 years ago but registry check by lawyer indicated our mortgage (paid off decades ago) had never been discharged. Our lawyer has told us we need mortgage account number to have it discharged but hours on the phone to Santander (who took over Abbey national) plus a…
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Is there a chance this will cause mortgage offer to be withdrawn
I've recently had a mortgage approved with Nationwide but 20k of the 25k deposit required is coming from Gifted deposit which was not mentioned on application. Solicitor have just informed me that they need to seek approval from Nationwide for this. Gifted deposit is from family member and solicitor is happy with…
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Equity release
I am looking to buy a new house but currently have about £22k on credit cards. If I sell my current house and pay off the existing mortgage I will be left with around £200k. Can I use some of that equity to pay off the cc? What I would like to do is free up £45k for cc payment and money to cover the costs of moving. I…
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Mortgage deal ended
Afternoon. Just looking for some advice. My mortgage deal has finished with NatWest so I haven’t taken out a new deal. It’s gone up by £200 so I need to sort a new but I am looking to out the house up for sale in Jan and hopefully move. What’s the best mortgage deal to go with as I will probably need to change or switch…
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Buying a flat for son to pay mortgage on
Our son will be moving to London in September for a new job. We are wondering whether it might be a good idea for us to buy a flat, using the equity in our home (c. 300k), and he pay the mortgage. We are retired, and have no mortgage. He won't be able to get a mortgage for a couple of years, as his income won't be…
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Help To Buy Redemption problems
Has anyone had experience trying to redeem their HTB loan? I have followed the process as requested by completing the application form with an approved independent RICS survey report showing the house valuation with supporting evidence as to how that valuation was worked out. I received my redemption statement from HTB…
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Can I remortgage shared ownership with arrears ?
Hi I have a shared ownership since 2008. I have always paid for the rent and though they made a mistake as I moved out of the UK and continued to pay by Direct debit via HSBC and had the right to rent. They did not update me quickly enough on the increase of the monthly rent that was greater than the mortgage with Leeds…
