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Anyone had any success
I am coming to the last cpl of yrs on a 22 yr term mortgage. The ex hasn`t paid anything since he left. So approx 18hlf yrs. He has been working and had a large financial payout. So has had the means. He also left 5k council tax debt, mortgage arrears, 300 landline bill and had a hp car taken off him before he went. I want…
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Fixed rate or tracker rate?
Hi all, My 2-year fixed rate is ending soon and now I need to remortgage. The current 2-year fixed rate the bank offers is 5.88% and the 2-year tracker rate is 6.74% Rumour has it that the rate will go down this year but we can never know when and how much. Should I go for fixed rate or tracker rate? Any advice would be…
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Partner moving in how to sort mortgage?
Hi So I have a mortgage on a property and I have paid approx 40k off what I paid for it via deposit and a few years of mortgage payments. My partner is selling her property and we’d like to get her on this mortgage as a co owner so we both have equal stake in it. My question is: financially do I basically halve what I have…
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Lump sum or monthly overpayments
Hello, my partner and I have a mortgage with 185k still remaining. Redemption date is Jan 2044, current term ends Jan 2026. We have been left some money and would like to use 50k of it towards paying off the mortgage. Are we better off paying in one lump sum or monthly overpayments? Is there a reason why one would be a…
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10% Overpayment calculator
I'm trying to work out how you calculate the 10% over payment limit. Trouble with googling this is I get twenty different sites telling me what that will achieve but I'm trying to work out just how much the 10% is as all (nearly all) lenders will start to hit you with early repayment fees. What is the 10% of... Is it 10%…
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Pepper money mortgage, worried something could go wrong.
Posted this on an old pepper thread but didn't get replies. Here is my time line of events : 25.3.22 broker submits application and same day hard search on credit file and pepper money ask for a couple of documents which were promptly provided. 30.3.22 pepper are not happy with one of the documents and they ask for it to…
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MSE Mortgage best buys vs a Broker
Is there much of a difference between using the MSE Mortgage best buys page with what looks like 79 lenders currently and going via an estate agents 'independent' broker? Looking for a house right now and every new estate agent I view via tells me how amazing their mortgage broker is, best deal, ever, made the mortgage…
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Should I extend mortgage term if due large payout in 10 yrs
Hi there we are due to renew next year and currently on 1.5% so it’s going to hit us bad. We owe 250k but have just inherited and plan to pay 100k off soon leaving £150k which will keep our monthly payments the same as what we pay now. My question is, my husband retires in 10yrs and will get a large bulk payment (£100k).…
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Endowment Longfall 10 years early
Hi. I'm facing an endowment 'longfall' ... my endowment has reached its target value 10 years early and the value exactly matches the outstanding mortgage (£140K). If I pay off the mortgage now, then the amount I'll save in mortgage and endowment payments over the next 10 years will roughly equal the surplus I'd get in 10…
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Mortgage lender that accepts universal credit housing award
Hi, I'm currently in the process of trying to get a mortgage but need the lender to take into account the housing element of my universal credit. Does anybody know of a mortgage lender that accept this?
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Lifetime ISA and rent-a-room scheme
Hi, I have been saving for deposit via the Lifetime ISA. I am not in a relationship but hate living on my own so would be keen on renting a room out when I purchase a house and this will also help with mortgage payments. The only thing is, I know you can't rent out your house when it's bought with a LISA. Is this the same…
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Ask seller to extend lease before buying
Flat on the market with 82 yrs lease. In ad EA mentioned seller is considering extending the lease. Shall I believe the EA or how will I know this will happen and the queries to ask EA. I read it can take up to six months. Anybody been in this situation and offer advice pl? Will do a viewing next week, what are the…
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Borrowing More
Hello All, We are looking to borrow more on our existing mortgage to convert our loft into two bedrooms, as this is cheaper than moving. We are currently on a fixed-rate mortgage with Halifax for 5 years, which ends in December 2027. If we were to borrow more, the current fixed terms offered by Halifax are either 2 or 5…
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Investment Shares + S&S ISA
Hi! I currently hold a large number of shares in the Company I work for as part of a benefits package (~50k). Does anyone have any advice on whether it would be prudent to cash in the shares that are available and put into a stocks and shares ISA so I have a diversified portfolio? I haven't done this previously but trying…
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I've lost my UC payment as I've bought a Shared Ownership property
Hi, I have just found out that I have lost £164 a month from my income from Universal Credit due to purchasing a Shared Ownership Property. I knew nothing about this and didn't even think to check as I declared everything to my mortgage advisor and mortgage lender, so according to the advisor at TurnToUs they should have…
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Buying Partner out of owned property - advice needed
Hi My ex partner and I own our home as 50/50 Tenants in Common. He brought in on my property but it has not worked out. We have agreed that I will pay him what he paid in initially 165000 Property value - 330000 payment I need to make to him - 165000 my salary: 44669 No debts/loans i have savings of 20000 my age: 52 2 x…
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Elderly parents can’t pay the bills
I’m very worried about my Mum and Dad, they are in their 70s and have no money. They are paying over £1000 per month on their mortgage, interest only, which is their biggest outgoing. They are living off their pensions which don’t cover their bills so have started using credit cards which are now maxed out. They can’t…
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Mortgage term ending
Dear all, I am not sure where to start! I am trying to help my parents concerning their mortgage. Please no judgement as I do not think my parents are particularly finally savvy hence the mess that they are currently in. My mum is in her 60s and my dad in his 70s. Their mortgage term has ended this month, but they are not…
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DMP & Low Equity - remortgage or sell?
Short version: Fixed-term interest mortgage is coming to an end. Struggling to remortgage due to DMP. Low equity due to Secured Loan & Help to Buy. Long version: Bought a new build in Sep 2019 for £120k, which is coming to the end of the 5-year fixed interest rate. Moving onto SVR with current lender means paying an extra…
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Porting a mortgage with changed circumstances
We are currently living overseas on a diplomatic posting and want to sell our house and re-buy in another area. We don’t want to increase our mortgage - it will be like for like. However, my wife now does not have a Uk income and has been working freelance overseas. She has made the same if not more in salary. My age 57…
