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HSBC Mortgage application timelines
Hi All, I not found any recent HSBC mortgage application timeline that’s why I started new post. My application timeline as below. AIP & Application : 11th March 2021 Credit search : 11th March ( 7 time soft search & 1 hard search) credit search : 17th March 2021 Ask additional docs: 17th March 2021 Docs submitted : 17th…
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End of Mortgage problem.
My mortgage has come to an end and I have no foreseeable way of paying it off [for various reasons] short of selling the house. Which I am willing to do, my mortgage is about £26,000 on a house worth approx £300,000. If/when I sell the house, I might have to move to another area where house prices are cheaper. Problem is I…
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Nationwide Interest Rates - The Timing Seems More Than A Co-incidence...
Yesterday (23rd January), Nationwide announced interest rate reductions across their mortgage products, which is of course great news to people hunting for the best mortgage rates... well, maybe not all! Co-incidentally, yesterday's announcement came the next working day after Nationwide's cut-off point for exiting…
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Revised Santander mortgage rates
Thought I'd flag up the new Santander rates, and see if anyone had any input to my thought process. I'm currently on BOE+0.4% lifetime tracker, paying 5.65% (£2169/month) with Santander I have about 55% LTV and can therefore get the following products: 2yr fixed at 4.35%. £1000 fee. Good rate, and in 2 years could probably…
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Barclays turnaround time?
Hi all, Just in the process of buying a house with my partner and in that anxious wait period for mortgage offer with Barclays. We went through a broker I've used before so happy with that. Just wondering as to turnaround times with Barclays at the moment? I don't know why it's making me so nervous we have a £500k deposit…
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Mortgage Prisoner
I have received a letter from 'Financial Claims Office' which appears to be 'a trading style of Drummonds Ltd....Regulated in respect of claims management activities' (from the small print at the bottom of the letter) They have the details of my Northern Rock mortgage, which was transferred to Virgin Money when NR went…
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Going interest only
This is for my Daughter, her partner has unilaterally decided he wants out of family life. They only bought their house 3 years ago. The house will have to be sold, neither can afford the mortgage alone ( which would need increasing to buy the other’s equity) as it’s £1300 a month without an extra £40-50k on top. I’d say…
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Professional Mortgages
Hi, Has anyone had experience in receiving/applying for a mortgage specifically aimed at professionals, e.g. Chartered accounts, engineers etc. I have a few questions if so; * Who are the lenders offering these products? * What do the income multipliers go up to? * Are affordability calculations the same, is future…
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natwest mistake
so last month we had a issue with natwest where a complaint was raised as there system was calling for out mortgage direct debit to be taken twice in a month. the complaint was raised and settled with us receiving a small amount of cash as compensation and I was assured the issue was sorted and would not happen again.…
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Solicitor refuses to work with lender - urgent advice needed
Hello. We are getting mortgage with Kent reliance, I checked their website for solicitors panel before picking one and this solicitor ( JS Law ) is there as their preferred solicitor. So we've got offer on Friday, previously we already paid some fees to solicitor ( around £700), because we've been waiting to start the…
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Stamp Duty for "First time buyer"
Hi, I've tried searching this online but got no luck. I bought a property with my brother 6 years ago and we were on a joint mortgage. I've recently got married and buying a house with my wife. I've agreed to be removed from my current mortgage with my brother and start a new one with my wife. I'm only going to have 1…
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How much salary do lenders expect, for 1 year self employed property at value of £400,000
I am a first time buyer Most banks and non-bank lenders requires 2 years of evidence. If there's a lender asking only 1 year of evidence, then they will charge more price Suppose a property is valued £400,000 What would be a suitable range of annual salary for the mortgage application For example, consider mortgage lender…
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Are we expecting BOE to remain at 5.25% on 21st March 2024?
Will trackers decrease further, ie a rate closer to the BOE rate, or is that it for trackers.....not much movement since January on them.....
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Remortgaging for house repairs
Hi, I took out a 2yr fixed rate mortgage last September. I need to have some roof and rendering repairs done on the house which the insurance deem as wear and tear and will not cover. Is it possible to look at remortgaging part way through my current one to release some equity to pay for the required repairs? Thanks
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Looking for 10 year fixed rate mortgage with lowest exit fees- any suggestions?
hi All I need to switch from the tracker to fixed rate and i would like 10 year fixed rate mortgage. I need to borrow 60k(property 310k). Can anybody suggest the deal with the least exit or overpayment fees? Are there any tricks or gotchas that i should be aware off? If i am in fixed deal and theoretically would like to…
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B2L - Limited Company with Investors
Hi All, Hope you are well. Couple of questions - I am looking to go down the route of forming a limited company to acquire a B2L property and have a few questions I was hoping I can get some help with: 1. I will form the company and be the Director for the company, ideally i am also planning to bring "investors" on-board…
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Should I have valued higher?
I have a mortgage with Nationwide and have done some renovations to the property recently. I put the renovations on credit cards as we needed to make some quick changes. We were going to sell the house however have decided to stay. I applied for additional borrowing today as I wanted to consolidate the credit cards onto…
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Mortgage Application Timing
Dupe due to site error. If anyone can help on my other Mortgage Application Timing thread that'd be great :)
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BTL moving to interest only
Family member has approx 5 rental properties and wants to add more properties each year. They currently do repayment loans and but are now looking at interest only mortgages as they believe the economics make more sense. Not my area so asking a few questions, go easy on me! Can you just do a comparison to find the best…
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Why won't mortgage vendors consider me?
Hi All, I'm 51 yrs old earn over 110k a year. Due to personal circa stances and paracite landlords I need to buy somewhere quickly or face living on the streets (metaphorically speaking). The most any vendor will consider is a 95k loan. I cannot even buy a shared ownership flat at this price. What on earth is the problem,…