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Early repayment charge
Hi everyone, I have a fixed mortgage deal that is due to come to an end in July 2027 and I started this deal in 2022. All was going fine until I was shocked to see my direct debit had increased by £8. I phoned my provider for an explanation and was told that they do an annual recalculation on all mortgages (fixed or not)…
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Fix or Tracker
We are looking at our mortgage options and are stuck between a fix and a tracker: £605k mortgage (in the south :neutral: ) £265k equity Fix: 4.57% 2 years @ £2888 and £1k product fee Tracker: 5.40% 2 years @ £3208 and £1.5k product fee With the fix, it is obviously fixed for the period and if BoE base rate drops by a…
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Pepper mortgages
Has anyone any experience with taking out a mortgage with Pepper? We have had a hard search done on our credit files on the day of application and are waiting on an offer hopefully today. We have had a security call etc and are now just patiently(or not so!) waiting! My question is, are they likely to do another credit…
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Nationwide Declined - Financial Association
Declined by Nationwide due to partner still showing as a financial association on my credit file (he has poor credit history) Annoyingly, I disputed the association with all three credit agencies as we no longer have a financial connection and the old joint account was closed several years ago. All three agencies have…
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Help to Buy not answering phone
https://www.gov.uk/government/collections/manage-your-help-to-buy-equity-loan The Help to Buy phone line is not being answered and cuts out after 1 hr. I and others have been trying for hours, days. This is causing many people emotional and financial distress with valuations expiring etc. I’m going to email now, but it’s…
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Overdraft or credit card? What to pay off first before mortgage application.
Hello, We have a MIP in place for buying our next house, our house has just gone on market. We are using this time to try and pay off as much debt before we buy a new house with a bigger mortgage. Is it better for us to pay off our overdrafts first or concentrate on taken down the credit card debt? Partner only has an…
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Any advice on who to approach for a mortgage?
Hi, I was hoping someone might be able to offer some advice as I'm just getting myself stressed out :( I an a 48 year old guy, working full time and earning £37k per year with a deposit saved of £15k. I'm looking to buy my Housing Association flat which is valued at £160k but I'm entitled to a £10k reduction due to Right…
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Buy to let age limit
Has any one got a list of lenders that will lend on a buy to let, until 85 or no age limit at the end of term? Thank you
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Natwest Application - how likely
Wondering if anyone can give me some peace of mind as im losing sleep here! My husband and I are first time buyers who have put down an offer on a house that pop up out of the blue but we love. We've gone through a moneybox mortgage broker who matched us with Natwest. Our situation I am 2ish years into my Visa in the UK…
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Future Mortgage Rates
Given that current 2 and 5 years fixed rates are around 4-4.5% with 25% equity, where do you see these fixed rates going if the base rate drops to say 4.25% by the end of the year - Will they remain where they are, or could they drop to around 3-3.5% under the same LTV? I know we can't predict the market though, it is…
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Mortgage monthly payment increase - within term - why?
Good morning, Nationwide has increased my monthly payment in March from February by £5.39. I am within term - my current mortgage term finishes on 31st August. I have made maximum overpayment. When I asked N/wide, the person said ‘sometimes payments are adjusted in the final stages of a mortgage term’. I told them I have a…
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Remortgage existing home to buy a flat?
Hello All My house is now mortgage free. However, I'm thinking of buying a flat in a block nearby. They go for around 250k but I would only have around 190k in cash. Therefore, I was thinking of paying for the difference using a mortgage. Originally I was thinking of getting a mortgage directly on the flat itself but given…
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Are Reassure a scam company?
It feels like it to me. Long story short. They took over my FMISA from L&G on September the 7th and it was due to terminate on the 9th October after 20 years. After many calls and filling in forms they paid my policy half but not my wife's. Every time I call them its another hour of my life lost on hold to get nowhere. on…
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Info need please, lender reduced monthly repayment after overpayments
Hi, My first post, so apologies if this info is already available somewhere but my research didn't return any positive results. I'm two months into my second year of a 5 year fixed mortgage and after a small windfall have recently made several overpayments totalling around 50% of this years allowance. This triggered my…
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Struggling to pay mortgage
Hi I'm currently going through a divorce. We own 2 houses, both with mortgages, I'm in 1 with my young children and he's in the other house. He had been paying the mortgages up until October then we got the mortgage charter for 6 months interest only until March 2024. He will be redundant at the end of April and no job…
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Gifted deposit from company
Hello everyone, My parents kindly gifted me some money for a deposit (£15,000). This money comes from their limited company and the only sole owners of this business are my mum and my dad. What’s the best way for them to remove this money from the business and transfer it to their personal bank account? Obviously profits…
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Bank / solicitor recouping money after settlement.
I am administrator to my father's estate with no will so it has been divided equally between his children. The final asset was his house which had a mortgage and when my solicitor ran their checks it showed a charge against the property (same lender as mortgage). I was asked by the solicitor for further details of the…
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raising capital
hii own 2 properties, 1 i live in and 1 i rent out...both mortgage free. how do i decide which property to raise capital with?where am i best looking to raise the capital?is this a better prospect than equity release?thanks reuben
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Mortgage overpayments
Hi I am looking at making some overpayments to my mortgage but am unsure how it works. I can afford to overpay by £200 each month but my mortgage is split into two and I am unsure how to split the overpayment between them. My main mortgage is around £191,000 at 4.24% and the second is for £4,950 at 5.85%. The ERC on the…
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Mortgage Buyout Options Accord
Hi all, currently trying to buy out my partner and transferring the equity to me. House estimated to be max 190k value although need a proper valuation, could be 185k.16 year 10 month £62800 mortgage left at 4.58% at that rate for 4 more years.Need £62600 to buy her out assuming 190k is value.Have 10k and can be gifted…