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Retirement interest only mortgages
Has anybody up to date information on these. I understand these are run by building societies but finding it difficult to get current information on availability and who to approach.
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Best Option?
I've got an offset repayment mortgage with 16.5 years to run on a variable rate of 7.4%. I'm in the fortunate position that I have savings in the linked offset savings a/c that are currently about 70% of the remaining mortgage balance. With Labour promising to levy VAT on school fees if (!) they win on 4 July, it seems…
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Nationwide Mortgage & Salary Sacrifice Car Lease
Looking for some advice as to whether Nationwide are correct to interpret the below scenario or whether this is a flawed or unusual approach. I, like many others I'm sure, have a 'company car' through salary sacrifice (via Tusker). It works in exactly the same way as pension contributions, my gross salary is reduced as a…
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Halifax valuations and timescale please!
We put in a mortgage application with Nationwide for a property for £247,000. Nationwide told us they would offer all the money but with a 13.5k retention. We then renegotiated halfway with the retention, leaving us with a new purchase price of 240k and 6k for us to make up the shortfall. Our broker is now telling us it…
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Accord Mortgage Checks
Hi, We’ve had our mortgage offer from Accord mortgages back in January 2024. The solicitor enquiries seems to be finally coming to an end and I was wondering if anyone knows if Accord Mortgages do any last minute checks before releasing funds? And if so, what do they check for? Thank you!
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Part ownership of ML house
My partner and I live in his Mum's property (she does not live there), for which he has a small share in. She needs to sell the house next year to release funds but has presented an opportunity to delay selling if we can contribute an additional 35% of the home value (to have a 50% share). This will mean she won't need to…
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First time Morgage
Hi Hopefully you can point me in the right direction. I am Looking for an independent whole of the market mortgage
advisor for my son. It's been a long time since I've had to do this so a bit
clueless on where to start or whether to trust a comparison web site. We are in North Manchester if that’s relevant. Thanks <3
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Accord Mortgage - awaiting offer
Full Application 05/06/2024 Hard Search On credit File 05/06/2024 Physical Val booked for 07/06 according to EA (Tomorrow) 85% LTV Hi All, has anyone else applied recently (via broker) and how long did it take to get a full offer? Has the fact the val been booked mean all is OK pending the val or is this an automated…
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Getting a mortgage on a flat with (wooden) cladding advice
Hi, has anyone recently been successful at getting a mortgage approved on a flat with cladding? I had an offer accepted on a flat, Nationwide arranged the valuation survey on the 22nd April and ever since then its just been a constant back and forth between Nationwide and the Leaseholder, they're the estate agent too,…
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Pensioner unable to claim PPI and halifax aren't helping
Hi, new person post and lots of detail so hope someone could help. My mum was unable to reclaim PPI for interest only mortgage as the broker was independent and had since died. She tried unsuccessfully via a solicitor in 2012. Halifax have had the account the entire term, it ended in 2011 and she still owed the value of…
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Proof of deposit (another one)
Hi, I'm FTB with a very large deposit as I'm over 50 and saved my whole life, so looking at 30% LTV. Just realised I'll need proof of deposit. The funds are spread over several savings accounts. Most are held for 1 year or less as I constantly chase the best rates. I don't have statements for each account, showing deposits…
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Cemap Uni1 Exam
Hi, I attended CeMAP Unit 1, but unfortunately, I failed Part 2: UK Financial Services and Regulation. If I register for Unit 1 next time, do I need to pass both parts again, or just the second part? Can I combine the exam results?
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Paying off Mortgage early - Lender wants to see last 3 months bank statements in full
Hi I am in a position to pay off my mortgage early - it's less than £15k but the lender has stated that I must supply 3 x months of bank statements where the funds are coming from as it's a requirement of the Financial something or other. I have to admit that I find this very odd. I can semi-understand if the funds came…
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Borrowing more on Halifax Mortgage
We purchased our house 14 months ago for 550k and took a mortgage with the Halifax for 144k. I have seen online the option to borrow more. We are looking to totally refurb the house internally and externally including new drive, relandscaping of gardens, windows, new roof etc. We don't have any personal debt and pay our…
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Mortgage paid off.
Hey fellas, If anyone give me some insight in regards to what the best approach is we've just paid off our mortgage, though it's amongst three people (parents, and me). We've got no deed or anything like that I'm just worried that if something were to happen to my parents how would the house be separated, and it become…
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Stamp Duty land Tax SDLT for a Shared Ownership property
Hello. Am i right thinking, i don't have to pay Stamp duty on my Shared ownership property ( full market value £385000 , we are buying 60% share at £231 000), we are NOT first time buyers. I am just reading I have right to choose to pay it now for the whole market value or to pay it later, when i purchase more shares?
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Offset Mortgage Comparisons
Does anyone know of any comparison sites/tools for offset mortgages? My fixed term comes to an end next year and I'm in the lucky position of having enough savings to fully offset the mortgage balance (but would prefer not to just pay the balance off in full) but I'm really struggling to find anything that shows the…
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Precise Mortgage Valuation Timescale
Morning all. I'm just wondering if anyone has been going through the same issue as us. We're currently waiting for Precise to sort out the valuation on a property we're trying to buy. We were told by our broker on 18/4 that our application had been given the go ahead for valuation. Our broker has been chasing for updates…
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CIS policy
Seems there are a few on here who feel cheated by these policies. I myself had a guy come down regularly to pick up money for the policy (back in the day) and even after the financial crash kept telling me my payout for my policies would be over 60k but come the day when it matured i barely got back what i put in. Finally…
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Remortgage with loan
Hi everyone. So myself and the wife are 3 years into our 5 year fix mortgage of our first "owned" home. Previously were renters. We had the help to buy scheme with the new home, so when it comes to remortgaging we are hoping to then pay off the help to buy scheme. Now the dilemma we have is we are early stages of 2…
