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Fix at 3.79%?
Standard and annoying what would you do/predict the future question I know... BUT... Good idea to fix for 5 years at 3.79%? My current rate is 1.79% I know at the moment 3.79 is a good rate, and anything could happen in the future. But my outstanding balance is high at £410k so fixing at the wrong time for too long could…
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Clearing mortgage - The process
Good afternoon all, I’ve searched the forum and found some useful bits so thank you but one bit I am confused about with regards to clearing my mortgage. my current mortgage deal ends 1/1/25 and I am intending to clear the balance and pay it off in full. I spoke to my lender, Halifax and they told me that I can cancel my…
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Do 5% deposit mortgages really exist ?
After a little inquiring it appears that lenders expect a family member to deposit 10% into a savings account to be held for a few years when only a 5% deposit is available. If i keep searching will i actually find a lender that will be satisfied with just a 5% deposit and not requiring family help?
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Property Ownership
I shared a property with my ex-partner (who has recently passed away). When we split I moved out of the property but continued paying the mortgage. After I stopped paying the mortgage (as I could not afford to pay rent and the mortgage) it was agreed through a separation agreement with solicitors that I would transfer my…
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Mortgage after debt - any experiences?
Hi everyone - first time poster but long time reader! Looking to see if anyone had any advice or tips after being in a similar situation in order to be ‘mortgage ready’. I was in about 70k worth of debt and totally mismanaged it, credit scores were double figures at one point. I’ve worked very hard and have now got the…
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Remortgaging to buy a new home UK/Ireland
I have a flat in London (halifax residential mortgage with a consent to lease agreement and tenants, rate increased to 7.8% and I have 20% of the property value left to pay off). I recently moved to Ireland and have found a property I really want to buy. I want to sell the London flat but won't be able to do this…
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Halifax Mortgage with a Default
Hello everyone, I’m looking for some advice on a tricky situation I’ve found myself in with a mortgage application. I applied with Halifax and was initially approved for a £500k mortgage at 90% LTV, being told I had an A1 credit rating. During the process, I informed them about a past issue with my credit, and they assured…
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Reduce payments now Offset mortgage calculation
Hi, I'm looking for people with offset mortgages experience that could explain a discrepancy in payment reductions upon offsetting. We have an offset mortgage with Accord and I was trying to work out the reduction in monthly payments after offsetting. It turns out my calculations and any other online calculation platform I…
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Joint mortgage after separation help
I have recently separated from my partner and we have a joint mortgage together. Long story short we only bought the house 2 years ago and I am not yet in a position to buy him out. We have a separation agreement in place and the deeds have been changed so I am 95% and he is 5%. He is insisting on paying 5% of the mortgage…
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Remortgage - Just a simple renewal (Product Transfer)?
Hi, As my first ever mortgage renewal is coming up on the 1st June 2025 I thought I'd start thinking about what to do. I've had a nice low £360 a month mortgage payment for the past 4.5 years with my bank, Santander. I have made a decent amount of overpayments. Based on Santander's 'Compare Our Mortgage Rates' online tool,…
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Avoid early redemption fees
Hello, We are looking to pay off a significant chunk of our mortgage 200k of a 260k mortgage. Unfortunately we are only 6 months into our current deal and it only allows a 10% overpayment a year. Obviously we want to minimise the 5k early repayment but aware we are paying 1k a month in interest. Does anyone have any ideas…
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Remortgage due-switch both at same time?
Good morning. Our mortgage deal ends 28th Feb 25 and we currently owe 137,761 at a rate of 1.9%. Our ported mortgage also ends 31st May 25 and interest currently stands at 2.74% with 68,120 owed. All along we had planned to bring the two in line, so they are due to renew at the same time. However, I am conscious that rates…
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Regulated mortgage
I am starting the process of finding a regulated mortgage in order to buy a house to rent out to a family member. I thought a simple Google search would at least reveal all who provided such a mortgage. But no. I do intend to use a mortgage broker but wanted to be well informed 1st. Anyone know a short cut?
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First Mortgage Payment
Evening all, sorry if this question has been asked many times before but just asking for some thoughts. FTB new build and due to be given notice on Tuesday this coming week, which means I will complete 2 weeks later (17th December). I've asked my mortgage broker, but still non-clearer but wanted to check my if very vague…
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Mortgage deals - fix or not!
Searching mortgage best buys on MSE finds AIB as the top 4 rates, 3.79, 3.89, 3.95 and 4.05. HSBC UK next with 4.25, Leeds BS with 4.26. When I use the MSE mortgage calculator compared to the Mortgage providers offer the payment per month for the 4 of the AIB rates works out at £10 (£9 for 4.05 rate) per month more…
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Mortgage for FTB
Hello all, I am a first time buyer so very new to all of this. The mortgage broker seems to be fair. His rates are £490 however he is then claiming commission of £750 on the mortgage. Does this seem correct.
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Is a "bridging" loan the opion in this case? How/who/what or what else? Details in post.
Hi There, Apologies for the strange title - new to this so I'm not sure what the correct terms are. My situation in brief:* We plan to buy a house and have an accepted offer on it for 575k * The new house requires full refurbishement. We estimate 80-100k * Refurbishment time will be 3-5 months * We have an existing flat…
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Missed payments removal from credit file
Hi, I am looking to get a mortgage with my husband and we are looking at improving our credit file. In 2018 my husband's employer started making significant unlawful deductions from his wages. This became a regular occurrence. This led to the onset of my husband's mental disabilities (as defined under the Equality Act…
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To BTL or not to BTL, that is the question
Hello, We're planning to let to buy. Basically put our current property (a flat) on BTL mortgae and then buy a second home (a house). However, this is no longer as strightforward as we originally thought, especially with the stamp duty (SDLT) increates in October. At a glance: The flat: Estimated value 480k. This is purely…
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Can a mortgage lender withdraw a signed renewal product offer if you make an enquiry?
Can anyone advise on this? We have a mortgage renewal product due to start in January that we have signed (3.99% so not too bad at the moment) - but we know that we can change our mind before it kicks in. We were not able to secure additional borrowing which we wanted to be able to clear our credit cards with (not that we…
