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Trying and failing to transfer mortgage into my name. Help!!
Hi, I have a shared ownership mortgage. I split up with my ex in february (joint mortgage) and he is quite happy to transfer the mortgage into my name for nothing. The problem is that halifax have said that as my property is in negative equity (property bought for £85,000 now valued at £75,000 although we only own 50%) and…
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Stay with Northern Rock or not ?
Hi all, My fixed 5.10% flexi mortgage with Northern Rock will be ending soon, the SVR is high though at 4.79% for existing borrowers, my official term is 15yrs to go, but as I have been overpaying I could be mortgage free in 3.5 years. I don't want to pay any huge set up fees, as I don't think I would recoup them over the…
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I've made a big mistake with mortgage & title deeds
Hi All, I have made a big mistake recently when moving house, with the mortgage and subsequent title deeds. I took out a 30% LTV mortgage on a new build, and because my wife was/is not currently working, assumed, (rather badly), that she couldn't go onto the mortgage. Why, I don't know, (old age/confusion I guess). I…
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Problems getting a moprtgage
Hi, Need some help. My wife has a good size deposit for a house, and we both have good well-paid jobs. Now, while time is on my side for a mortgage I presently have a bit of a credit problem whilst my wife is clean. Is there anyway around at present of us both getting a 90% to 95% ltv mortgage. Once we are on the mortgage…
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We would like to buy our council house
Hi I have lived in council property for over 24 years and we would like to buy our house i understand the process RTB but i have some more questions about deposit and will we beable to get a mortgage here goes would the discount that we get from the council (we have the full amount)be classed as our deposit,both myself and…
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Would you lend to us?
Hi to All, I'm seeking a little reassurance perhaps as to my and my partners situation.We have sold our current house with the new people moving in on friday, we have a new home to go to also.However after a protracted and shambolic experience with RBS our mortgage application was refused only 10 days ago.We have a new…
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Cowboy surveyors
Hi, I have had such a hard time buying a new house I wanted to post this message, if anything to warn other people. I have bought a house, which is generally in great condition. As it's a victorian house I got a full building survey done for peace of mind. The survey was good...inevitably a few minor repairs recommended…
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Can we cancel PPI on mortgage?
Hi there, I've recently been employed as a teacher, starting this September. I share a house with my partner and we currently have payment protection on the mortgage. I have read up that teachers are exempt from PPI on mortgages and loans, so can we cancel it as of September? Advice much appreciated.
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Mortgage Application Fees
Hi, Apologies if this has been asked 1000 times before! We have recently applied for a mortgage with RBS and they are somewhat dragging their heels on a decision (3 weeks and counting). In the meantime we have found a better deal with the HSBC who assure us they can process an application in 3-4 days. We havent paid RBS…
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Fixed Rate to Variable
My mortgage is over £300 but below £400 for a £46,000 mortgage on my mid terraced and I have been on a 2 yr fixed deal with nationwide at over 6% and for the last year I have been making overpayments of £50. I have decided as the rate is lower and house prices lower I am just going to go on the variable rate as its 4.1%. I…
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Mortgage on Temp Contract
Hi, I'm looking to get a house with my girlfriend next year. We are first time buyers and are looking for a house in the region of £150k, we have a 10% deposit. She is starting a new job in Sept as a teacher but it is only a temp contract for a year. She will be on £21k. I am on £28k. We haven't enquired about morgtgages…
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Moving mortgages and buy to let
Hi all, We are in need of a buy to let mortgage we need one for 30K on a property worth 90K. I have used L&C for mortgages on residential properties and to be honest regardless of what martin tells you, they are just sales snakes like the rest of em. I was sucked in by the martin says trap and yes they are good at finding…
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Halifax taken valuation fee
Just noticed today that the Halifax have taken the £315 out of our account, which is for the valuation of the property we are trying to buy. Does this mean we have got past the first stage - i.e they have approved us a credit worthy? We had an application with RBS turned down last week, it took them 2 weeks but they never…
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Fixed rate ending -tracker or another fixed?
Hi, My 2 year fixed deal (5.99%) is coming to an end in September. I can go onto a tracker at current rate of 1.45% (0.95 + base) or a 2 year fixed that my current lender is offfering at 3.49%. After the two years though the tracker rate goes up to 1,49 + base. So, which punt to take? What do you think?
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Can The Keys Be Handed In?
A friend has asked me for some advice. I pointed her in the direction of the CCCS but she says that they were unable to offer specific advice. She is many months in arrears on her joint mortgage and for the last 6 months has left the property vacant to move in with family, anticipating repossession. Her husband is not on…
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Remortgaging advice
Hi there guys, My current situation is that I jointly own a flat worth about 500k in the current market with my dad. The BTL mortgage on it is 258k so approximately 50% equity. My dad wants out and I would be more than happy to take on his share, however he wants his original 80k share of the deposit back. Also we have…
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Mortgage Arrears - to litigation if not paid by morning.
We have an interest-only mortgage with GE Money, started in 02/2007. In Aug 07 we both gave up our jobs to open our own business. 01/2009 started to feel the effects of the recession in the shop & got into arrears with mortgage. We agreed to see one of their 'debt counsellors' who agreed with us to pay the amount due plus…
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LTV/Mortgage Application/Interest Rate Query
[FONT="]Hi, We want to get down to 75% LTV to go for a 4.99% 5r year fixed. If our house is valued at £98,000 and we have £73,000 left on the mortgage we can do this. We can probably get down to £73,000 left on the mortgage if we pool savings. what we cannot do is know how much a lender will value our house at. Would…
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Tricky situation.
Someone I know has just lost their partner - been together over 30yrs but never married. Now the estate want her out of the house, which means she will be homeless. She has very little income: pension and benefits coming to around £200 pw. There is also an existing interest only mortgage (like the halifax retirement home…
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old (1974) endowment query
hi all, was talking to my mum the other day about mortgages & endowments etc, in 1974 they took out a £10k (wow!) 25yr mortgage, with endowment... 10 yrs later my dad was made redundant so they couldn't afford all the payments, so went to the bank (was Abbey National), and changed over to a repayment. they subsequently…
