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Why do some lenders allow brokers to offer even better rates than themselves?
My current 2 year fixed deal comes to an end in early December. Using the link from the MSE email I see that Santander is offering an even better rate through a broker than they can offer themselves to me. Why is that? You'd think the lender would be offering the very best rate.
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Mortgage or Loan
Hi I’m looking for some advice, we are going to get our loft converted next month. I expect it to cost in the region of £50k (depends on the finishes we go for, carpets, whether we get fitted wardrobes etc). Our house without the loft conversion is worth c£380k, there is £118k / 15 years left on the mortgage on a fixed…
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Woolwich openplan offset tracker mortgage guide
Is there anyone who has or had one of these mortgages taken out around 2006-8 that recalls being given a guide before they took the product out or has part of your paperwork. And if so does anyone have it still please as I am keen to get / see one thank you
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Homebuy Wales
Hi. Looking at buying a property through the Homebuy Wales Scheme. Where you buy 70% of the property and the housing association owns 30%. You don’t pay rent on the remainder but do pay it back when you come to sell. I just called Barclays to see if they do it and they said no. They had never heard of it. Does anyone have…
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Residential Mortgage with linked mixed-use property
Hi, Looking to purchase a cottage with land. The original sales listing was for the lot at £450k or in 2 lots, cottage £350, land £100 Offer accepted at £450k It turns out there is an overage clause against the land and no mainstream lender will offer a mortgage due to this. I am in a position to pay cash (£100) for the…
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Remortgaging: should I close zero balance credit cards?
Hi, we’re due to remortgage in March 2025. I’ve been working really hard to clear all my credit card debt so I’m in the strongest position possible. I’m pleased to say that I’m nearly debt free! However I’m now wondering what I should do with my credit card which will have a zero balance on it but a limit of £12k. I’m not…
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Discharge of a Mortgage deed ..
Hi, can anyone enlighten me on what is this? If it is a necessity? Who assists with this and if optional what are the benefits? Thank you in advance!
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Changing Buy to let mortgage to residential
Hi I am in the process of splitting with my Husband, he will stay in our home and I will move into our rented property. We currently owe £135K on the rented property. I will need to change the mortgage to my name only and change from BTL to a normal mortgage, has anyone ever done this? any advice please? Thanks
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Barclays Mortgage Porting Struggle - Help!
Hello all, I'm writing this to rant, to inform of my painful experience and lastly listen if anybody knows how to get around my mortgage problem. I've been a Barclay's customer for nearly 40 years starting as a young boy, used many different services growing up from their banking services, loans and mortgages (and with…
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Changing Mortgage Lenders after receiving Mortgage Offer but before Exchange
Hello all, First off, Thank you all for helping me with my mortgage related questions over the past few weeks. It's been really helpful. I have come across another situation and was hoping you could provide your knowledge in this regards. So here is the current situation, After my offer on a property was accepted, the…
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The mortgage works
Due to financial difficulties the mortgage works offered me 4.6 %above base rate reviewed every three months . I’ve been paying off my arrears on top . They have offered me a fixed rate of 4.92% above base rate over two years . I cannot afford this I have been persistently on the phone to no avail either left holding cut…
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Should I clear 0% credit card balance before remortgaging?
Our 5 fixed rate mortgage expires in March next year so we'll be looking for new mortgage deals over the next couple of months. I have a balance of 21k across two 0% interest credit cards against total savings of 70k so I could clear the cards immediately if I wish. Is it worth doing so? Would having this credit card…
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Getting a mortgage when freelance...
My partner and I are considering moving house. I earn £62,425 a year in a permanent, full time job but, since May this year, she's been freelance. Her average monthly income is ~5k. ~1k of this comes from a regular contract and the rest from media appearances (e.g. podcasts, broadcasts), public speaking and columns for…
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Redundancy just before exchange of new build
I have just been made redundant during the processes of buying a new build. The completion date of the house has been extended from Oct 24 to Jan 25 and my mortgagee offer expires in Dec 24. I am hesitant to exchange as I do not want to be in a position of owning money if I was to loose the mortgage offer. I am hoping to…
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Does a first time mortgage borrower qualify as a first time buyer?
Our son is looking to secure a mortgage for the first time though he has technically owned a property previously - during his uni years we extended out own mortgage and provided funds for a small flat in his name. That flat has since been sold and our loan returned. So would he qualify for a FTB mortgage? I wonder if…
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Deposit amount on contract
Hi, first time buyer here so feeling a little nervous about a potential error on my contract. I am buying a house with a 5% deposit, however the vendors solicitor has sent a contract with a 10% deposit stated. My solicitor has stated that this is fine and they will strike this from the contract and hand write the correct…
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Mortgage timeline with Skipton
Hi All, I have been reading past posts, and Skipton Building Society is normally quick for what I have read. My FTB application timeline with Skipton: * Application received by Skipton 28/07/2024 * Date Minimum submission received 28/07/2024 * Valuation was done on 09/08/24 but shows as Pending Decision - Information…
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How long in reality to draw down mortgage funds?
Hi all, I'm just wondering what people's recent experience is in how quickly solicitors are able to get mortgage funds once requested? Looking online it seems the general rule is 3-7 days. We've been told that we're hopefully working towards completion on 27th Sept still, that's the date our vendors are also hoping for. We…
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Looking to move house but concerned re gambling transactions. Frequency and amounts explained.
Hi all I’ve a decision in principle to borrow 480k, plus a 160k deposit for a 640k house. We’ve a combined gross income of £117,000. We have no loans or credit cards (I finished paying them off last month). We just both have a lease car which totals £800 per month combined. I’m concerned re gambling transactions and their…
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Is there a way at all? Mortgage on benefits
First time buyers In receipt of benefits - joint claim but boyfriend only on there cos he's my carer (I have epilepsy). All payments are made into MY account. UC /CB /CA and PIP BF is on electoral roll and opened a bank account 2 weeks ago. House value is 80k Deposit 20k Good credit scores Have had a DIP fall through. Was…
