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Reserving a mortgage 6 months in advance
Hello all, I have a nationwide tracker which is due to switch to the SVR come mid-December. It was taken out whilst trackers were cheap (@ about 0.12% below base rate). Month on month, an increasing number of mortgage deals appear to be withdrawn from the marketplace. I was wondering whether there's any decent mortgage…
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Early payment fee's
Hiya, I took out a 5 year fixed term mortgage which is due to end in October but there was an early settlement fee attached unless i used Nationwide for my next mortgage. I am planning on moving in with my partner and originally we were just going to sell my house and buy another one so there was no problem. My house is on…
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help with a morgage for a partial build please
Hi all I have a bit of a problem I'm hoping someone can help me with I have found a property I'd like to buy from a builder who has run out of money, its pratically finished all it needs is the last bits like pluming and heating electric's (which are partially finished) around 8-10k of work. Its 180k purchase price of…
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going interest only?
Hello all, Me and my partner have split up we are still friends, we owe 88k on mortgage and house is worth approx 120k when finished, we have decided not to sell straight away with the market being rubbish and the fact we have no kitchen in at the moment, and cant afford one right now. I was wondering if it would be wise…
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First Time Buyers
My wife and I will be looking to purchase our first house in the coming months. We have been lucky enough to have been given £25k from family towards a deposit I earn £30k and my wife earns £25k Neither of us have a good credit rating due to a default each. Mine was in 2003 and my wives in 2005. Plus with a lot of searchs…
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mortgage rejection.
Hi there, I have a house worth £420,000 with no mortgage. I am trying to get a mortgage to buy a 'buy to let' property. Because I cannot show 5 years of mortgage repayment no one will give me a mortgage. I am only looking at about £80,000. Any suggestions?
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silly question ??
If we are on a 5 yrs fixed deal and just bought house in dec 07, we now want to sell and move ,for various critical reasons -i need to know can we do this or do we wait till the 5yrs fixed rate is over.
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Do I have to change my mortgage if I move abroad?
If I let out my principal residence while I move abroad for work, will I have to change my mortgage to a buy-to-let?
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Re-Mortgage
Silly question I am sure but wanted to know if you can re-mortgage mid term of a interest only mortgage for two years. We have one year left on interest only but wish to change to capital mortgage intstead. Am I likely to get penalties if I stayed with Cheltenham & Gloucester with the re-mortgage. I don't want to borrow…
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Lifetime Tracker vs 3yr Fixed
Hi all, I've had two re-mortgage offers approved. A fixed 3-year deal with Abbey at 5.88% with max 10% overpayments per year, and a lifetime tracker at base + 0.63% from HSBC, unlimited overpayments and no tie-in period. Both have a £999 booking fee. Does anyone have a view as to which is the best to go for in the current…
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buy to let mortgage and tax inplications
i have at present a house i own outright with a current value for quick sale of £115000 according to estate agents .the house is rented at £425 a month the original purchase price was £37500 .cna anbody inform me as to how much i can borrow on this property to gain the best tax advantage and either pay the mortgage on my…
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garage retention problem
Have bought a leasehold property and have a £2000 retention. This is on the garage due to a roof problem The garage is the centre one of three.The exsisting roof has a 15yr warrenty on it.The company sat there is no problem with the roof, but a small problem with the overhang this they have put right. My mortgage company…
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Northern Rock 100% Mortgage Holder
Hi, I'm currently in the process of trying to transfer my 100% mortgage at the request of Northern Rock. I have received several letters informing me that their plan is to encourage all customers to find alternative lenders as a way of paying back the government loan as quickly as possible. Northern Rock has always been…
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Advice regarding mortgage complaint Natwest
Righty ho On 5th March me and DH went to our local branch of NatWest to enquire about remortgaging with them - we are currently with Northern Rock and our fixed rate ended at the end of last year . At the time our mortgage advisor couldn't give us a definite yah or nah he said it had to be referred. I'm thinking this is…
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Offset Mortgages protection from rising interest rates?
I am currently looking to buy a new property for up to 350K, with a deposit of apporx 100k (LTV 71%). the good rates are quickly vanishing and whereas earlier i thought a fixed deal would be good, the rates do not now appear so appealing. I am not keen to be tied in to a fix for more than 5 yrs due to possible change in…
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Interest only
I have applied for a interest only mortgage with nationwide at 5.95% fixed for 3 years, overpayments allowed. When I applied I selected sale of property as repayment vehicle without realising this isnt possible due to not enough equity and LTV only being 66%. They have now asked for alternative details for repaying the…
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Shared Equity - Help Required
My wife and I are currently trying to get back onto the property ladder after a turbulent few years financially. We are looking at a shared equity purchase (60/40 or 70/30 depending on price), where our mortgage would hopefully be around 75% LTV. My question is this, Is our LTV worked out on the true 100% value of the…
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Pennsylvania FHA loans
Federal Housing Administration (FHA) is a government agency created as part of the National Housing Act of 1934. The goals of this organization are: to improve housing standards and conditions; to provide an adequate home financing system through insurance of mortgage loans; and to stabilize the mortgage market. FHA…
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Any 85 percent LTV Self certs out there?
We started this malarky in January this year :rolleyes: but with lost paperwork and all that :mad: Anyway, our current lender C&G who we have been with for 11 years wont give us an increase on our mortgage as we cannot prove our income (Ltd company, small wage, dividends, etc etc) so we have had to go for a self-cert…
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Which mortgage product?
Hi, I'm after a £98k repayment mortgage over 13 years with optional over payments, low application fee, survey, etc that comes in less than £1k per month. My IFA has suggested there are better deals direct than going through him nowadays. HSBC life time tracker seems to tick all the boxes (well more than my own bank, A&L).…