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Stamp duty when buying in to partner's property
I'm struggling to find good resources online to self-educate ahead of speaking to a solicitor. Does anyone have insight on the below, or anything related that is worth knowing? Thanks! As far as I understand when buying into a partner's property you must pay stamp duty (or Land and Buildings Transaction Tax (LBTT) as in…
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Santander extra borrowing - extra picky?
Hi, just wanted to run this by the forum, see if this seems sensible to those with more knowledge than us. We currently have a mortgage of £72k, on a home worth roughly £160k - and are 18 months into a 5 year fix with Santander at 3% (Lucky we re-mortgaged when we did!). We have around 18 years left on the mortgage, and…
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How does it work..
So I’m currently in a deal until oct 26 with Halifax and have savings which I’ve locked away to get the best savings rates as currently my mortgage rate is 1.4 or thereabouts. I would like to know if I waited until the end of my deal and get changed to the SVR can I then make a larger overpayment without penalty then take…
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Remortgage calculations
I haven’t been around this forum for a while but I’m hoping someone more knowledgeable on here can help with our remortgage dilemma. We currently owe about £189000 over 26.5yr. We can product switch with Halifax 2 year fix £1090 5.19%5 year fix £1026 4.61% We haven’t found a product with another lender that we think would…
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Mining Report Query from solicitor
Hi all, Need some advice or previous experience from people who have been in the same situation :smile: So my solictors pa rang me as well as emailing me the following : "In relation to your search reports, we have reviewed the mining report and notes that a subsidence claim was made within 50 meters of the property. This…
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Borrowing money against my home for extension
Hi everyone, I'm looking to borrow 100k against my home so I can build a double story extension. The extension doubles the sq meters, so it worth doing rather then moving. The question I have is, can I just remortgage my home or apply for a mortgage? I don't owe anything on the property and I dont have and other…
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Family Offset Mortgage
Are Family Offset mortgages only available to help first-time buyers? I would like to help a family member buy a bigger home - something she is currently struggling to afford but needs due to her children reaching an age where they needs their own bedrooms. If a Family Offset Mortgage is not available, is there any other…
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Want to move house but my mortgage is up for renewal around 4-6 months before.
My mortgage renews next March and we are considering our options. One of those would be to move house and area closer to family, however if we were to do this we wouldn't want to do it until the summer so our two children start school in September in a new school. What are my options and pros and cons? I am thinking A.…
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MSE guide: What happens to a joint mortgage after separation?
This is the discussion thread for the What happens to a joint mortgage after separation? guide. The guide discusses topics such as: - Who's responsible for a joint mortgage if you and your partner separate - What are your mortgage options post-separation - Where you can get mortgage help after a separation - Joint mortgage…
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Starring property portfolio and clearing own mortgage.
I'm trying to work out the best route forward for the next step of my plans. The goal is to pay off my house and have a portfolio of houses rented out. I've worked out soon that I will be debt free aside from my mortgage which is currently at a £400,000 balance. The repayment is £2,300 per month on rate of circe 5.5%. I…
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Re-mortgaging from residential to buy to let
Hi, I’m currently in the process of remortgaging my house which is currently residential, to a buy to let mortgage as I am moving in with my partner, there’s a future plan for me to be added to his mortgage at some point but this won’t be immediate. I have a 3 bedroom semi-detached. I have a mortgage broker who has put me…
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Mortgage Charter Problem at Nationwide-?
I have been informed by a Nationwide mortgage advisor that I
am unable to use the provisions of the Mortgage Charter because there is less
than 12 months left to run on my current mortgage term. I have read the Mortgage Charter in full
and it does not mention any such limitation or exception. Please could someone confirm…
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DWP Debt management
Hoping someone can help.. So me and my husband finally got a AIP with NatWest and we now had an offer accepted on a property , so now our mortgage application is going in.. & getting everything ready and downloaded out bank statements and have completely forgot about a payment plan I have with DWP for an overpayment from…
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Mortgage broker required
Hi I hope this is allowed, would anyone be able to recommend a mortgage broker preferably one who has a good reputation in dealing with adverse credit? Thanks in advance
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Port Skipton residential mortgage from remortgage?
I have a house on an owner occupier residential mortgage with Skipton. I would like to remortgage it to a buy to let mortgage (75%, maybe 80%) and port the residential mortgage to another property, so effectively a let to buy transaction. Does anyone know if Skipton allows you to port from a remortgage? thank you
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Building safety act
I have a leasehold flat in a 5 storey building but have no cladding etc. I am currently up for sale and after calling several conveyancers finding it difficult to find conveyancers who will quote. I came across one conveyancer who wanted £500+vat What information should I expect that I need to provide as part of the…
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Santander £350 mortgage exit charge.
Hi, I was wondering if anyone had experience of Santander's additional £350 mortgage exit charge they added when they took over Abbey National mortgages? I phoned Santander trying to pay a small outstanding lump sum off but the chap in the relevant department said this fee still stands. He said something about waiving…
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Overpaying (capital) on interest only
I'm currently on interest only and have been for 18 months. I've not been in the position to overpay on the capital until now. My current tracker is 0.34% so 5.59% in total until the base rate drops, if it does. I have locked in a 5 year fix for 14 days at 4.46% before Santander put the rates up today. If/when I accept…
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Natwest refusing the consider additional borrowing on 0% credit card consolidation
Hi, I'd really appreciate some advise on my situation as Google isnt cutting the mustard on this! A brief background: We've had our house on the market for a few months now in order to downsize and pay off debts but we've quickly realised this is THE WORST time to sell. So rather than dropping the price and losing…
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Borrowing more on mortgage for a car & home renovations
For the last 10 years or so, I've been trapped in the PCP cycle and been biding my time with used car prices, putting up with a car that I frankly don't want to keep. But it's not cost me a lot overall. It's now in a small amount of equity and I'm getting rid of it soon. Car I want to buy a particular vehicle which is…
