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Parents remortgage or Home loan or equity loan
Hello All Not sure what the right area to post this My parents are thinking of get some of the value out of there house. they are struggling with some credit card debts and just want to make things easier. they are fed up with the weekly phone calls etc. not sure if they should remortgage or get some sort of loan against…
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Valuations
We have a ground floor maisonette. According to Zoopla and Nationwide our maisonette is valued lower than the maisonette above us and the other 2 neighbouring maisonettes. I assume the reason for that is because we got a good deal on our maisonette when we bought it 2 1/2 years ago. How could we persuade the banks etc that…
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MSE news: MPs slam treatment of mortgage strugglers
This is the discussion thread for the following MSE news story: "Mortgage lenders, the regulator and Government have all come under fire from MPs due to the shoddy way those struggling to pay their homeloans are treated. In particular, lenders come under attack in a Treasury Committee report for the high fees charged to…
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Bank Of Scotland SVR
Hi everyone, Just a very quick question but one that it seems is not all that easy to find... Does anyone know the current BOS SVR, my fixed rate ends this month and I wanted to know what to expect. What I do know is that BOS don't seem to have passed on the cuts like all the others. :-( Many thanks!!!
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90% LTV mortgages for new builds
Hello all, I have recently fallen in love with a new build house, but I will need a 90% mortgage on it. Looking online, many lenders seem to be balking at this because it is a new build. Does anyone know of a lender where this isn't an issue? Thanks for any help
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Mortgage valuation report
I'm in the process of buying a house and have just received a copy of the valuation report from my proposed lender. It is pretty standard stuff apart from two issues of concern. 1. Probable asbestos in the garage roof (property was constructed in 1932). 2. I had an offer accepted for £250,000, but the report values the…
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Consent To Lease - Second Mortgage
Hi guys - I am about to go onto a Consent to Lease mortgage as I have just moved in with my girlfriend and I'm in negative equity - servicing the monthly repayment is fine and the rent will cover the monthly repayments by the required 120%. Thing is we will probably be having a kid soon and will be looking to get a house…
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LTV explanation needed...
Hi, I'm looking to buy a house soon with my fiancee. I just had a quick question about LTV that I would like explained please. A house I'm looking at is valued at £90k but I could get it for a fixed price of £87k. I'm looking at getting a mortgage with LTV 75% as we'd get a better interest rate that way. Some banks put…
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mortgage payment holidays
Can anyone explain to me about mortgage payment holidays? My ex has dropped child maintenance payments due to job loss and I am struggling. Going to ask the RBS for options and thought this might help in the meantime. Have been with them three years and have a good payment record. Need to know what I am talking about??
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Advice.... Please Overpayments or Shares
I have a 15 year offset tracker mortgage at base rate plus 1.89%. My property is worth apporx 200k and my mortgage is 75k. I am currently able to pay £1000 per month off my mortgage and also the interest (approx £150). My question is am I better continuing to pay off my mortgage quickly or putting this £1000 into share…
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Buying from MIL
My MIL has offered us her house for about £150-£200k under valuation she would like £400k. Basically she just wants money to go rent a little flat and travel etc. Our current home is mortgaged to the max so we would need a £400k mortage. If the house is valued at £600000, is it counted as a deposit? We only need a mortgage…
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FTB... Scared of the whole mortgage process
Hi, me and my boyfriend have found our first property and have 66% of the value in a deposit and have applied for a mortgage with HSBC for 34% of the property. We've just applied and I've read a few horror stories on the net, they're very slow, customer service is rubbish, they sit on the paperwork and it takes ages for…
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Best time to complete?
Hi, I am looking at completing on my purchase property around the end of this month. My mortgage is with Yorkshire Bank. My nominated payment date for mortgage is the 5th of every month, the money will be taken from by bank account on the 1st of each month so it gets to YB on time for the 5th. Question is, when is the best…
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Further advance when already have second charge
Hello I'm hoping some experts here could shed some light on this situation for me. I have a mortgage with Halifax and as we didnt have the deposit at the time the house builders, George Wimpey, paid our 25% deposit. This was secured as a 2nd charge on the property. I've been looking into taking a further advance secured…
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2nd Mortgage required on new property
First trip in to this part of the site as I'm usually around the currency topics but being as they are a good bunch I'm sure you guys are too. Right, seen a development oportunity which we want as its the area we want and will be a long term move for us. The house was last purchased in 07 for 350k and the purchaser began a…
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FTB 90% LTV 2, 3 or 5 Yr Fixed Deal
Who's best lenders out there at the minute
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Abbey Valuation to Offer Time
When the Valuer has sent his report to Abbey, what is the next step? Does it go back to Underwriters and can they ask for more information or is paperwork completed before the Valuer is instructed? What is the usual time between Valuation and Offer? All information welcome. Has anyone heard of an application which has been…
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any ideas why I have been sent my property deeds without clearing my mortgage?
any ideas why I have been sent my property deeds without clearing my mortgage?! Mistake? I thought you only got these once you cleared your mortgage?
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Old Mortgage repayment calculations
I currenly have a mortgage which finishes in 2.5 years, which i have had with the same lender for nearly 10 years. I noticed recently that my monthly repayments have been larger with the same interest rate, compaired to the same rate several years ago, although the capital will have fallen ( i am interest & capital )…
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Loan for a deposit? Motgage virgin!!!
Hi there! I am a bit of a novice when it comes to mortgages but have been seeking advice from an advisor. I do have a few questions though... I have an agreement in principle from Nationwide for £135k. The house I am interested in buying we could get for approx £145k. I want to put down a 20% deposit to get a good rate but…
