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Mortgage appeal
Hi We have just been told our mortgage application with Santander has been declined, 6 weeks into our house sale! Our broker has lodged an appeal and hoping to hear back by next week Just wondered if anyone had an success from appeals or getting another application with another lender agreed after a declined one so soon…
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Can I part exchange my help to buy equity loan house?
So the last 12 months has had us questioning if the new build we brought 3 years ago with the H2B equity loan (of 20%) is our forever home and I'm looking to see if anyone in the same position has need able to part exchange their home for another new build? We have equity of around 20k in the house based on its current…
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House buying risks
So, our son has asked for our advice. He has saved enough for a 20 percent deposit and costs for a £200k home. This will likely be a 2 bedroomed terraced place or a 3 that needs work doing, which he is happy to do a room at a time. He can then try and raise a 160k mortgage on his 36k salary. His work is stable. He…
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26 y/o house - what survey??
The house is detached and was built 1996. It's since had a kitchen extension put on plus part of the garage has had a stud wall added. My last house purchase involved a full structural survey as was 1930's. Wanted to know people's thoughts on instead of a structural survey, getting trades people in to check stuff. So an…
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10% Deposit at exchange of contracts.
How do I sort this one out? I'm selling my house for £330k Buying my house for £227k I owe £100k on my mortgage. The plan was/is to sell my current house,buy the next and be mortgage free...i.e use the funds from the sale of my to buy the new house outright. But I see in my solicitors letter that at exchange i'm expected…
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Had your offer accepted and then pulled out before exchange? I want to hear your experience.
I am currently looking for a property to buy, mainly projects. Many of them have many issues and I have found sellers very reluctant to sell subject to survey. The market is so crazy I get the feeling people just make an offer and then pull out later if they discover issues, or lower their offer after acceptance. This…
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Excited to buy, but cannot get a mortgage agreement in principle, looking for advice...
Hi everyone, my husband and I finally have enough in our savings to start looking for a house. We have been on a couple of viewings already (nothing we like so far), and today sat with a mortgage broker to discuss an agreement in principle. The broker seemed very confident, but after 2 hours of discussions with lenders, he…
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Do you use your house the way you thought you would?
People on tv say you don't sell a house, you sell a lifestyle. I just wondered whether buying into that imagined lifestyle is ever actually real? How many people envisage themselves drinking their morning cup of tea in a sunlit conservatory but end up only using it to dry clothes in? Or dream of planting a vegetable patch…
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'Searches' - house purchase. Which ones?
Hi.A relative is buying a small house - it's a probate sale (which has all been sorted, apparently). She's a cash buyer.The house is in an established residential street with no planned developments nearby - there's no room in any case. No mining risks, no 'radon', no flood, nothing obvious like that.Sooo, the Q which I'm…
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Best use for savings?
Hey, I'm fairly naive when it comes to finance and the best use for savings so any advice on this would be really appreciated. Also, sorry if I've posted this in the wrong forum but it relates to mortgages and car buying. Here's my situation - I have around £48k in savings. This year we want to upgrade from our 2 bedroom…
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Estate Agent Refusing to allow us to view a property
Wanted to view a property for rent in a very affluent area. Asked lots of questions and told that as we couldn't prove an income of x30 the rent, then we wouldn't be allowed to view it. I explained that we have sufficient savings to cover the rent, even to pay fully in advance if necessary. Next excuse was that the…
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New Build - Without selling prior?
Hi all, Newbie here. I’m a first time buyer though my partner owns a property (flat) and has approx. £35-40k in equity which basically leaves half the property value to be paid (approx 80k purchase price few years ago). Due to a family bereavement I have been informed as a beneficiary I’m due to be given a total sum which…
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Rent increased by 23% in 2 years.
My rent has been increased twice now, once last year by 7% of original rent price and yesterday I received a section 13 letter, increasing the price again by 16% of original rent price. The agency that we rent with recently sold a house a few doors down for £135,000. This may have caused the landlord to believe that the…
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Undisclosed roof issue on property
When I moved into my property, everything seemed fine, however about 3 months down the line I got a section 20 works for work that was going to happen. I had not been advised of any of this when I had moved in so was pretty shocked to find this. Turns out that the previous owner knew but never disclosed the fact. Whilst I…
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Help To Buy ISA Bonus
Hi All,I cannot find a straight answer for this so best ask here.Simply put can I use my H2B ISA Bonus for my house deposit? If I want to purchase a £340k house and already have the £34k deposit can the ISA Bonus be used to increase my offer?
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Residential park home
Could someone please enlighten me what the difference is between a residential lease hold park home and a residential free hold park home ? thanks for any advice
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How to handle a best and final offer scenario
We have been wanting to buy for a long time. We are finally in the position with a 95% ltv mortgage, have an AIP and deposit ready to go and put in an offer on a property yesterday. The market is ridiculous locally, hardly any properties coming on and then everything gets swamped when it does. There are 3 offers so far…
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Do we bother with a survey?
Hi all, We’re going through the process of buying a 5 year old property which has 5 years warranty remaining and we’re wondering if we need to get a survey or not? Wondering if anyone has/hasn’t in a similar situation or would recommend we do. Thanks :)
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Opinions on purchasing a new build
I have always steered clear of new build properties, only due to hearing horror stories with the build element, issues with guarantees and workmanship, and smaller rooms. I am now considering broadening my options when I move, as there seems to be a few for sale, that are 3-5 years old which offer everything and don’t need…
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Recommended rent guarantee insurance company for landlord?
Can anyone recommend a good insurance company that offers a good rent guarantee insurance for a landlord? My father has one property and is looking not to be out of pocket should he have to go down the tenant eviction process. I think a minimum period of 12 to 15 months for rent guarantee is our current thinking. Thoughts…
