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Getting a mortgage with previous use of unarranged overdraft
I’ve recently gone into minus balance as an unarranged overdraft with my current account, and I can see it’s on my most recent credit report from this month. It’s something which has been cleared now, and but it has made my score go down a bit and I can see it’s on my credit report. I’m not looking to make a mortgage…
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Understanding Fixed vs. Variable Mortgage Rates: Which is Right for You?
Hi everyone, I'm in the process of choosing a mortgage, and I'm trying to weigh the pros and cons of fixed vs. variable mortgage rates. I understand that fixed rates offer more stability, while variable rates can sometimes save you money depending on market trends. For those who've been through the process, what did you…
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Remortgage conveyancing cost
Hi all. I’m remortgaging for the first time. Changing lenders and paying a lump to reduce the mortgage to £300,000. L&C (broker) recommended a conveyancer Premium Property Lawyers who are quoting ~£300. However, I’ve left it a little late (mortgage deal ends 2nd July) and im worried one of these cheap firms will take ages?…
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Paying into mortgage vs enjoying life a bit more...
We are due to re-mortgage in January, we have settled on a 2 yr fixed at 4.29% over a 6 year team. We have £76,000 left on the mortgage. This year my husband lost his (very stressful) job at 61 and has been unable to get back into the industry. He has now taken a job in a supermarket (much less money but he is much…
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Right to Acquire Mortgage
Hi, Me, my husband and our 2 kids live in a housing association property and I have done so for 7 years and he joined me about 5 years a go. My father sold a property and decided to gift us a lump sum which we didn't want to waste and decided to see if we could mortgage the property through right to acquire. We put through…
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FV-1 Inc
Hi My wife and I have our house up for sale. A search with land registry shows that we have an interim charging order against the property for a small amount with a company called FV-1. inc from 2008. This company are uncontactable. We’ve asked Land registry to remove the charge but the can’t as it was placed on the…
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Remortgage BTL, repay loan or take lump sum
Hi I’m not 100% sure under which category my question/discussion fits into. Im coming up to 55 and the plan was to take 25% lump sum from an old work pension. We are using the money to convert our VW van into a campervan. I have a BTL mortgage with loads of equity. It’s interest only which bothers me so I am going to…
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Source of Funds (long term savings)
I'm thinking of buying a property but proving source of funds seems complex. I'll give a quick explanation; Basically my current property I thought I'd stay in so I didn't keep records of when savings accounts or bonds matured after a few years or so. I'll need to prove source of income but as I'm getting on a bit & have…
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Penalised for taking maternity leave
We’ve been left in a disheartening predicament and was hoping somebody could offer some advice, loop holes or suggestions. Quite a long one so strap in! To paint the picture, I have been self employed for my parents business for 12 years with a very regular and steady income. My husband has a very well paid job and we have…
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Charges against property ( Scotland )
Hi Could someone tell me how long a charge can be registered against a property in Scotland , Does it expire totally after 12 years whether the debt has been paid off or not ? Or is it still outstanding ? Thanks
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Verifying identity to receive Payment, being unsecure
Has anybody else experienced this as i don't know what to do. I had an endowment policy mature which was with Reassure part of The Phoenix Group. I filled out the paperwork but they now want proof of who i am, asking me to send a copy of my drivers license and a copy of a bank statement. They have no digital verification…
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Vida homeloans
Hi has anyone had recent experiences with vida homeloans? We are first time buyers and the only reason we have to go with them is that i have 2 defaults from over 3 years ago (paid off 6 months ago) apart from that my partners credit is really good. Ive seen threads on here from 4 years ago but times have now changed so…
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Buy to let v interest only
Hi all, I have a buy to let mortgage on a property ATM value of the property is about 300,000 outstanding mortgage 139,000the tenant is leaving and I'm moving into the property, can I leave the buy to let mortgage in place? If not I would prefer an interest only mortgage is this possible on a house in living in? Appreciate…
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Mortgage - Business Mileage
Hi, I was wondering if anyone is able to help with the below / had a similar experience when seeking a mortgage. I am currently looking to secure a mortgage. I have a basic salary but I also receive business mileage which is paid monthly at £0.45 per mile. As part of my role requires daily travel, I regularly receive…
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Credit Reference Agency First Direct bank
Hello, can anyone confirm which Credit Reference Agency (or agencies) First Direct report to? Thanks in advance.
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Metro Bank - Mortgage Application - Beware Excessive Processing Times/Poor Service
Having been faced with a section 21 in September we made a mortgage
application to Metro Bank through an advisor (I’m 61). It took over four weeks for Metro to decide
they didn’t like one of the applicants zero-hour contract even though over a two-year
period 2023 and 2024 the P60s show consistent earnings for a zero-hour.…
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House repossession
Hello, my husband and I are split up but not divorced, I have marriage rights/home rights on the home which the mortgage is in his name only, to gets home rights taken off we agreed I get £60k when the house sells, but he is no longer paying mortgage and it looks like it will get repossessed, house value is £550k and…
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Birmingham Midshires Contact Number?
Does anyone have any contact info for Birmingham Midshires please? I have a joint mortgage with an ex partner who hasn't provided me with any details for the last 13 years and I'm trying to get in contact with them to see how how much is owed on the mortgage prior to seeing a solicitor this week. The previous numbers and…
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Old buy-to-let Shortfall
At the time of the Financial Crisis of 2008, I had a number of buy-to-lets which for various personal reasons, including the death of my wife in an accident, I could not keep up repayments on and these were repossessed. The mortgages were with Mortgage Express (Part of Bradford and Bingley). Subsequent to this, I had the…
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Need to find £70k for house purchase - money locked up
Thanks for listening... in summary and context: I'm buying a second property, deposits and all necessaries proceeding with mortgage offer in place, with purchase due for completion by end of November. But, just discovered that some of my funds are locked away in a fixed rate savings account with no early withdrawal until…
