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Mortgage appointment
Hi. I have my mortgage appointment this weekend with NatWest and looking to get more information on what exactly will happen and what questions will be asked. I had a credit card debt which I paid more than the minimum on each month and eventually paid off in full in March this year - will they question this at all and…
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Mortgage Renewal - Do I wait until the 19th December announcement?
Hia, I fell foul on my last Mortgage Renewal because I stupidly didn't choose a 5 yr fixed plan when the mortgage rates were seriously low a couple of years ago (I didn't even realise they were low), so I'm now super alert to watch interest rates and inflation a little more carefully moving forward. So my question is: My…
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Re-mortgage or pay it off??
Good morning, my fixed mortgage deal of 1.84% comes to an end at the end of this month. I have been saving hard and have enough to pay off the mortgage in full when it ends but currently getting 5.17% interest on savings and can re-mortgage for 4.27%. - £98K remaining balance. My question is with the prospect of inflation…
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Mortgages for the elderly
Does anyone know if it's at all possible to get a mortgage in later life please? I'm approaching 80 and retired but looking to move from an house to a bungalow. Bungalows now seem to attract a premium price so I would need a mortgage or similar to pay the difference. Any help or advice would be greatly appreciated.
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Remortgage to BTL advice please
Hi. I have a house i rent out, i would like to remortgage on a BTL mortgage. I earn £7800 per year from the rent and a similar amount from other self employed income. I just wondered do you think I would be able to qualify for a BTL mortgage with this income level? i have read about no income BTL mortgages although i do…
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Building Survey, buying without a mortgage
Hi, I sold my previous home, and as I am downsizing will be able to buy without a mortgage. My offer has just been accepted (woohoo!!!) on a semi-detached built in the 1950's. I would like to get a RICS surveyor to do a structural survey to know what I am getting into, and whether there is are any structural issues that…
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Cost of Living Mortgage Support - Adhoc payments
Recently lost my job and applied for cost of living mortgage support (Interest only payment for 6 months) I now have working as self employed and have recieved a relatively good payment this month. Can I make a one-off payment to my mortgage to reduce the outstanding amount? Not ready to cancel the support as future income…
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Do I need a mortgage advisor or a financial advisor or both?
I'm currently looking at buying a property and I would like some advice on how best to proceed. When I say advice I am happy to pay for it, with an initial free consultation to understand if it's worthwhile paying for the more extensive advice. I'm just not sure if I should be speaking to a mortgage broker or financial…
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1st time mortgage
Hello all did post on a other bit of this forum but was advised to post it here, my wife and I are looking for our 1st mortgage but we have a few questions, 1. We have no to very little deposit at the moment so are looking at a 1% deposit one or the Skipton track rate mortgage will this hinder us? 2. My wife is being made…
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FTB with cc debt and BNPL
Hi all Partner and have a DIP from broker and I declared all CC debt and due to other factors such as a good deposit and good income we still got a good deal. I plan to clear off the bulk if not all cc debt before completion. However I didn't declare Klarna approx £300 total (smaller payments here and there) coming out…
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Buying a home with my Partner
My Partner and I are buying a house together. This will be funded with 50% from me in cash and 50% from my partner will be a mortgage and equity from the sale of her home. Figures wise the house we are buying is £400k, I will put £200k cash in and she will put in the same made up of £120k equity and the remaining £80k on…
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Halifax Max Loan at 90%
Hi all Quick question on max loan from Halifax at 90%. As context we’re looking to move house, port our existing Halifax mortgage and increase the overall mortgage. Halifax product guide says the max loan at 90% is 750k, however affordability calculator keyed at 90% gives max loan of 918k - which is correct? Many thanks
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How hard is it to get a mortgage with Virgin Money
Hi everyone, I am just looking for some advice as I have recently submitted a mortgage application to Virgin Money as a first time buyer (with my girlfriend who is also a first time buyer). Both of our credit scores are excellent along with every other criteria I can see. The only thing that may be an issue is I have…
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Mortgage declined - debt to income ratio too high even with guarantor
Could someone help me understand guarantor mortgages? I am applying for a £50k mortgage. I have a large (85%) deposit and a guarantor. I am being declined due to high debt to income ratio. Presumably lenders think I might not be able to pay my mortgage because of other debt repayments? But isn't that what the guarantor is…
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Mortgage query re a possible second home
I am seeking some mortgage type advise please. Long story short, my partner has been renting a small property for 5 years. The landlord now wants to sell. It needs a lot of work done to it.It could be a good investment for me/us, if we could negotiate a good price.I have a very small, fixed rate, mortgage on my current…
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Council Home buy, No deposit but deadline!
Fellow Forumites, Good afternoon, I need your advise. Got to know just last week that the massive discount given to Council tenants will go later this month. The initial plan is to save and buy next year ending but the recent change on the part of the government came too sudden. Can someone help if there is STILL lenders…
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Mortgage rates to hit 6.25%
I seen this in tomorrow’s Telegraph. Was talk of lower rates but seems they may rise. Any thoughts on this? Seems quite high property here is taking ages to sell I wonder if this will be a mini budget rerun when the rates keep rising? I decided against taking out a larger mortgage for a new house this summer due to the…
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FTB - Mortgage application with Natwest
Hi all, My partner and I are First Time Buyers and have already had our offer accepted on a property we liked. We have 10% deposit and looking for a mortgage. Our situation- 1) Job status We both work at Universities (Graduate level research roles) and we only get Fixed Term Contracts. Our current contract started in…
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Change in Mortgage for Retired Person
I currently have joint mortgage with my son. after marriage, he has decided to live by himself and be detach from the mortgage. At the same time, I have commenced retirement by taking a package. My current low mortgage rate (until June 2026) is something I wish to retain. The current provider is hesitating to provide me…
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Single mortgage when already have a joint mortgage
I have a joint mortgage with my husband. I am considering buying a property in just my name as well. Would that count as a second home? I am also considering renting out one of the rooms. Would that affect the type of mortgage I could get? The house would be in a different part of the country and I would plan to split my…
