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Remortgage on house already paid for
I currently own my house outright and do not have a mortgage on it. I need to borrow some money and want to understand if it is a good idea to re-mortgage my property? I am also looking into equity release but re-mortgaging seems to be a viable option. Can anyone please advise? The property is currently worth about…
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NatWest mortgage OP not showing
Earlier today (2pm) I made my first overpayment which was the max overpayment of 20% of the balance to an IO sub-account. The site said that the overpayment would be registered in a couple of hours, but it still isn't showing. Thr money has left my account so it looks like it's gone through. Can anyone speak from…
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Mortgage & Separation
Hi, I hope someone can advise.... My ex partner and I split 13 years ago due to DV. We have two children together, 14 & 16. We remained civil for the sake of the children even though I still received intimidation and threats during that time. 18 months ago, after receiving threats on my doorstep, we ceased communication…
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Mortgage Best Buys tool: cashback and "green" conditions
Hello MSE I was using the MSE Mortgage Best Buys tool to get some figures for a Re-Mortgage (deal is coming to an end come January), and then spoke to a broker and I'm now confused. I'm looking at a the 60% LTV bracket. There's a 3.90% HSBC (999 fee, 1250 cashback) entry that looks good, but my broker told me the…
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Mortgage refused due to fixed term contract
Hi, I am seeking some advice please regarding porting of our old mortgage deal to a new, more expensive property. We sold in September and had originally planned to do a non-simultaneous port of our mortage with Nationwide, meaning we could hopefully recoup our ERCs and continue our old rate on the new property, although…
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Shared Appreciation Mortgage
I have just found out that the house my mother was living in before she died had a Shared Appreciation Mortgage for £16,000 on it. and Royal Bank of Scotland want a payment of £176,000!! That is 11 times the original amount borrowed. I have seen that RBS is in court this month as some customers have decided to sue. There…
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Can I use a Lisa with a bridging loan?
FTB, found a property that needs some work doing before I could get a normal residential mortgage against it. Looking at a bridging loan until the work is done. Can I use the funds (and bonus) in my LISA in conjunction with a purchase on bridging finance?
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Repay/Pay Off Shared Appreciation Mortgage (SAM mortgage) loan?
I have been looking but I cannot find much information on this: My partners father (reluctantly) took out a SAM back in the 90s with Royal Bank of Scotland. He never liked having this loan over his head and has always wanted to pay it off. He has come into some money recently from another investment and wants to use it to…
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Product Transfer
Hi All Just trying to get a sense of reality here I'm no where near the end of my fixed term yet but when it comes to it coming to the end what actually happens - Will they need to do it all again if I product transfer and do the checks , credit and affordability again, or is it just a click of a button online to click…
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Building Society's offering follow-on deals?
Has anyone got any experience of building societies offering follow-on deals once the initial term has expired? I'm currently looking at a property that is not mortgage by the normal highstreet lenders. Various building societies seem to provide specialist lending against the property. The initial 2 or 3yr terms are fairly…
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Removal from joint mortgage
Hi, I'm just after some advice and information. I purchased my home 4 years ago and took out a joint mortgage with my son. He initially did not live in the property and only moved in 6 months ago. I have made all the mortgage payments and have managed financially without any assistance from him. Unfortunately our…
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Trouble getting a mortgage on a site currently used as a CL.
We're buying a house that currently operates as a Certified Location (The Caravan and Motorhome Club). We won't be applying for CL status ourselves, we're just going to enjoy a lovely big garden. We were approved for our mortgage with no issues but then the mortgage lender used a surveyor to value the property and has now…
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Changing mortgage deal when Help to Buy is involved
Hello, I am looking to change my current mortgage deal next year but will keep it with my current provider (Nationwide), but would like some advice around what if anything I need to tell the Help to Buy people. I am sure that I read somewhere that if I want to change my mortgage deal with my current provider I need to get…
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Joint mortgage shortfall ex won't pay
I'm dealing with a horrible situation and would be very grateful for any help or advice please! My partner left an unpleasant relationship over 15 years ago, never married and believed he had signed over the flat to his ex. 2 years ago he received a demand letter to our house stating large arrears/repossession likely and…
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Credit score for mortgage
Hi, I am looking to take out a new mortgage. I have credit card debt and a personal unsecured loan. I have managed to save enough cash to pay one of these off, which would be better for my credit scoring to pay off first ? (credit card is 0%).
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Halifax Mortgage Offer - Second Charge Required for Clawback. Need Advice!
Hi everyone, I’m currently in the process of buying a property, and I’ve hit a bit of a snag with Halifax over the mortgage offer. I’m hoping to get some advice from anyone who’s been in a similar situation or has experience with property law and mortgages. The Situation: I’m buying a new-build flat, and as part of the…
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Credit score preventing more borrowing
My mortgage is up for renewal on my shared equity flat and I’m trying to borrow more to purchase the remaining 10%. I pass all the affordability checks of the banks, but when it comes to the credit check they say they can’t proceed and can’t say why. Initially, I thought this was because I wasn’t on the electoral roll -…
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Barclays Rate Switch examples
Hi all I am planning a barclays rate switch in a few months. I'd welcome anyone experience with this. I can see that they don't do a income or affordability check, would they just also take a desktop valuation in that case? My property has been extended so has more value than when we first had the mortgage, but I wonder if…
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Shared Ownership - here to stay?
Someone I know is keen to buy a first property but lives in Cambridge where the prices are out of reach. Said person is considering Shared Ownership. Reading some bad tales about SO, but friend has also heard of folk who have bought via SO and moved on.To a dinosaur like me it seems like writing an open cheque!I suppose my…
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Mortgage options for house move+renovations
I'm hopefully moving house in the next month or two. If everything goes to plan, I'd be porting our existing mortgage of 65k (fixed until Feb 2025), to the new home. Shortly after moving in, I'd like to do some renovations on the house which will require a new mortgage of ~180k on top of the existing mortgage. The problem…
