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Can I get Consent to Let after I've borrowed more?
Hey, we are currently in a repayment mortgage with Halifax. We have 15 years left, we owe approx. £147k and house value is around £490k, our rate is 1.3% fixed till April 2026 and we pay around £850 a month. We are trying to sell ours with no luck. Can we take around £150k of the equity out to use as a deposit for a new…
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Paying off a mortgage but leaving a nominal amount on it
Hi, not sure if I'm in the right place but here goes. I'm thinking about paying off my mortgage, but on my credit report it says that this is the longest account I have and I should keep it open. So are you able to pay off a mortgage and leave say £1 on it just to keep the account open or will the bank just laugh at me?…
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Nationwide
I started a post about ERC on Nationwide mortgages a few weeks ago. We have decided to just overpay the maximum until our 5 year deal ends to avoid the ERC. I know the amount of overpayment you are allowed to pay is 10% of original borrowed amount and that it renews on anniversary of the mortgage but we have noticed the…
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Mortgage application, payslips, and tempory high pension contributions
The position of my wife and I: * Own current property without a mortgage, worth about £575,000 * Planning to purchase next property before March 2025 and sell current property separately to avoid chain complications, but transactions will be at similar times, probably selling our current property within at most 3 months…
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Partner buy in to my house!
Hello all, need a bit of help here! I bought my house X years ago and am currently the sole owner. My partner now lives with me and we love our little house but I want to get them on the mortgage/title deed etc. We want to be 50/50 so the plan is for them to pay me half to 'buy in'. So half my deposit and half what I've…
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Overpay or save
Hi All, I have a 260k mortgage and and have had plans for an extension and loft conversion which will cost circa 140-180k. Currently on a 1.25% mortgage until nov 2026. Should i just over pay or save in an isa, or a combination of both? Thanks
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Relocation - some mortgage questions
We are hoping to put our house up for sale soon and begin the process of moving from south to north. I know most people suggest selling up and renting for awhile but this really isn’t an option for us as I wouldn’t want to settle my daughters in a new school only to have to move again if the new house is in a slightly…
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My current mortgage deal comes to an end in February. Should I get a deal now?
Main question is, if I secure a deal now, if a cheaper rate then becomes available, is it much of an issue to then switch deals? For context, my mortgage balance will be around £163k in February and property value is around £360,000. Current rate is 1.75% and just seen pretty much all of the sub 4% rates are gone.
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Cognitive Issues
Hello, I have a buy to let which has a fixed term ending at the end of this month {Nov} I have cognitive issues, I have absolutely no idea were to start to find what I need to do. I used to have a partner that did all this for me, he is no longer. How to I get independent advice to find out what I need to do ?
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Overpay mortgage or save
I've tried following other posts on this topic but still can't figure out the best thing to do. Over the next 3-5 years am I better off saving in as high interest account as I can find - with the aim of putting savings towards a bigger house and general savings....Or overpay my mortgage? I have 32 years left to pay on…
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Remortgage
I have a joint mortgage with my mother. We bought our council house in 2006. My mother received some discount when we made the purchase. The monthly payment was quite low and I paid for this myself out of my own bank from the very start right up until now. 2 and half years ago my mother became very ill and was placed in a…
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Mortgage with nearly 6 year old default
I have managed to clean up my credit file and will be taking a mortgage in April next year (cannot be delayed as a divorce court order to buy out my ex). I have a default which is 6 years old at the end of June next year, unsettled and 4k (was under dispute and they confirmed they had no credit agreement and have not asked…
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Remortgaging with lifetime ISA
Hi, Looking for some help on quite a specific case. I am looking to get my partner added to my mortgage when I remortgage at the end of my deal period. She has a Lifetime ISA and hasn't previously owned a property. Now, if we were to buy a new property I know that she would be able to use her Lifetime ISA as a deposit even…
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Nationwide audit trail? Chance of offer?
Hi I hope I will find someone here at the same stage waiting for their mortgage offer and can’t sleep 🙈. Went with Mortgage Advisor. DIP was referred on the 24th April and accepted on the 27th AprilMortgage application sent on the 27th April. Received a text on the 28th that valuation has been booked for 3rd may. Which was…
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MSE news: Mortgage rates increasing again – so do brokers think now is a good time to fix?
Cuts to fixed-rate mortgages have come to a halt and many lenders are now hiking rates following the Budget last month – but will this trend continue? We've spoken to four mortgage brokers to see what they think is next for mortgage rates. Read the full story: 'Mortgage rates increasing again – so do brokers think now is a…
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Payoff mortgage or wait? Best option?
Hi, I have an offset residential mortgage as follows: * Remaining balance £54,484.99 * Variable interest rate currently at 6.75% * Monthly payment amount £926.19 * Actual monthly payment £1,250.00 (always overpaid) * No early repayment fee/charge The mortgage is fully offset against £55,000 of savings, so I am not paying…
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Buy to Let v Remortgage Residential Mortgage
We're thinking of buying a rental property, and having paid off our own residential mortgage we were thinking of rather than taking out a BTL mortgage, we could remortgage our own house and release equity to finance the purchase of the rental house (mortgage would be around 60% value of our home). I assume as long as we've…
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Help! Mortgage application
Can anyone advise where I’m going wrong here? I’m downloading straight from HMRC I can’t see or understand what they mean. My lender says my broker will know, but my broker doesn’t understand either. Can anyone advise? hope you are well, thank you for your patience! I have been back and forwards with the underwriters, they…
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Consolidate before?
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Retention mortgage rate from Santander
Hi looking for advice. We have a 50k mortgage with 12 years remaining currently 4.64% 2 year fixed ending January 2025. Tried to view online but said to call which I just did and offered the following retention rates (all fixed, with no fees): 2yr @ 4.53 3yr @ 4.42 5yr @ 4.33 I have no idea how these fare in the market,…
