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New mortgage
Hi all, I have a mortgage with bank of Ireland currently about £30,000 outstanding, rate is 2.5 % fixed until may 24 , any suggestions on where to try next please. Thanks Bill
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Re-Mortgage + additional borrowing
Hi, I'm looking for some clarity/ advice. I am due to re-mortgage as my current fix runs out at the end of the year and obviously expecting an increased monthly payment. I also want to make some home improvements and I am unsure whether to take additional borrowing on my mortgage for the remaining 20 years or whether to…
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Lump sum in mortgage not in my name
Hi, Hoping to get some advice! My partner owns ‘our’ house - has been paying off the mortgage and I have been paying rent for the ~5 years since we moved in together. I have a sizeable lump sum saved up (~£150k) which we have discussed just paying off some of the remaining mortgage…I was keen to join the mortgage as a…
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strange bank requirement before mortgage
hi All i got mortgage offer via broker but the lender put a strange requirement in the offer: This offer is issued on the understanding that the following commitments will be repaid on or before completion of this loan:- Credit Card with Tesco with an approximate balance of £500. While these debts may be repaid from the…
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New mortgage & thenremortgage for building works
Im aftyer some guidance please....I am lookng to apply for a mortgage to buy a new house, the house willneed some building work as I am planning an extension. Realistically I wont start the building work until 6- 12 months aftrer moving in. Whats the best way to mortgage this? 1. Get a bigger mortgage up front that will…
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Which mortgage to overpay: ported or the additional part?
Hi there, I recently moved house and ported my existing mortgage (£180k, fixed at 2.59% for another few months). For the purchase I took out an additional £50k, currently on the tracker rate of 6.5ish%. I'm now in a position to start making overpayments each month, and trying ascertain whether it's better to make them into…
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Ability to fully own a shared ownership property using buy-to-let mortgage
Hello, I have a shared ownership property which I own for 70% (and without any mortgage) - and the management owns the rest. Is it possible for me to get a buy-to-let mortgage for 30% of the property i.e. complete staircasing, and let the property? Is there any lender whom I can approach? Regards,
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Lender valuation with offer extension
Hi, We were offered a 5.29% 2yr fix (FTB) with Leeds BS just under 6 months ago. Due to various chain delays, our offer is set to expire at the start of December and we’ve had to request an extension. The property valuation was previously done with a desktop valuation. We have received notification from the estate agent…
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Engage Credit - Mis Sold Mortgage - Mortgage Audit Bureau
Where do I start, had an interest only mortgage since 2007. The mortgage is between my aunt (who is about to turn 90, and still has 7 years left on this mortgage) and myself. I have had a company called the Mortgage Audit Bureau looking at my mis sold claim (had it going since 2010) they put me in touch with a solicitor…
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Mortgage after bad credit
I know Martin says credit scores are a load of nonsense however a few years ago we got ourselves into a bad financial situation and have a default on both our files which is due to fall off our report in March 24. We have paid all payments and nearly debt free apart from car loan and mortgage. Basically 4 years perfect…
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Nationwide System Error
Hi, just wondering if anyone is experiencing the same thing? We applied for a mortgage through Nationwide on 24th Oct via a broker. Valuation is complete and they have all necessary documents. We’ve now heard they’re experiencing an IT systems error and are unable to process applications as a result, next update will be…
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Getting a mortgage with a deposit contribution from parents who *will* live in the property with me
Is there anybody here who has ever successfully obtained a mortgage under these conditions? I have been advised by several fee-free mortgage brokers online, and by Halifax over the phone, that it is an arrangement that can be accepted, but I am sceptical of how often it really has been accepted in practice, and thus am…
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Repaying interest only mortgage after monthly DD already taken
We are in the process of selling our house which has an interest only mortgage with Barclays at approx. £600 per month. Our next DD is due 1st December, and I believe this covers December, rather than interest owed for the month before. We are hoping to complete on the house sale before this, but as is common, everything…
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ReAssure Policy
Hi - I've been helping my elderly Mum understand some of the various investments she has. Most are fairly straight forward however she has one with ReAssure which I can't really get my head around. It's some kind of investment in Unit Trusts, it doesn't seem from what I can see to have premiums being paid in or income…
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MAS no . 5 SVR
Hello all . I am looking to make a claim to MAS no. 5 for unfair mortgage interest rates. I have received a summary of the rates we have been paying from MAS but to be honest, I cannot make sense of what the figures mean and if we can make a claim at all as our mortgage was interest only? . I hope I made sense and I am…
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Avoiding ERC with Mortgage Port
Hi, I'm selling a property at 250k to purchase at 225k and as I've only recently renewed my mortgage with Halifax I'm looking to port my mortgage to avoid any ERC. Halifax does state that if I'm borrowing less I'd need to pay an ERC. Is there any way in which I port this mortgage as it is, borrowing the same under the same…
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Mortgage affordability calculator
When completing a mortgage affordability calculator and answering questions about monthly expenditure. When they ask about pensions (private or company), is this generally asking about contributions made in addition to those deducted from gross pay? Or do they count those deductions as monthly expenditure?
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Re-Mortgaging for the First Time!
Hi all, I am re-mortgaging for the first time after being a first time buyer and having a 2 year fixed mortgage. But it looks like my initial fixed deal runs out before the 2years, is this right? We have a 2 year fixed deal that expires on the 31/01/2024, but we didn't start our mortgage until May 2022, so expected the…
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Virgin One Account 2024 changes
I just received a letter from Virgin One account today that says from Feb 2024 I wont be able to: * Borrow more money or increase your limit * Get extra funds to move home * Change the names on your mortgage Does anyone understand this, as its an offset mortgage every month im borrowing more, wages go in balance goes more…
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Long term view on financing home extension
Hi all, Couldn't decide if this was better asked in here, or in the savings forums... We are hoping to complete an extension, comprising of dormer construction and stairs leading to roof space for a bedroom and ensuite and small study, and a conversion of lean to garage into permanent structure to the side of the house,…