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Newbuild share ownership mortgage for non resident
HI. I have been offered a 50% stake in a new build share ownership scheme in London. Property is worth £317500 and the 50% stake equity is £158750. I would like to know what mortgages are available for non residents of UK, me and my partner have been in the Uk since 2006 and have visas until 2013. Thanks in advance for…
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mortgages on benefits ?
is it possible to get a mortgage on benefits ? an amazing opportunity has come up, whilst its not ideal but I feel it could be feasable with some help!
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Split Mortgage
Hi, I currently have a Fixed Rate Mortgage with Standard Life. It is in 2 parts, as part 2 was added when we moved house. Part 2 Fixed rate ends in January 2010, and was wondering if I can move Part 2 to another lender, but keep Part 1 with Standard life as this ends on Jan 2011. Or do you have to keep it all with same…
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remortgage
IS THERE ANY ONE WHO CAN HELP I NEED TO GET A REMORTGAGE BEFORE THE RATES CHANGE,THE PROBLEM IS I NEED HIGHER THAN THE 80% THAT BEING OFFERED.I DONT HAVE A PROBLEM GETTING ACCEPTED BUT THE LTV IS RUBBISH.:confused:
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HSBC Salary Multiples
I'm currently on a fixed rate deal with HSBC and wanting to borrow more. When I rang their mortgage advisors they gave me a maxium borrowing amount of 3.5 x my current salary which is less than I could get elsewhere, however I would have to pay a £2,800 penalty to get out of this mortgage. I do recall though, a couple of…
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salary mostly commission based, where to go for mortgage
Hi Hope somebody can help. we have existing mortgage with barclays, we are looking to move but they have turned us down for extra mortgage.. I have no income (full time mum) my husband earns around 40k but only 13k is a basic salary rest commission. barclays would only count a salary of 26k because of commission. My…
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First Plus loan & remortgage
I currently have a 130k mortgage outstanding with IF and a 90k secured loan with first plus. My house is worth approx 180k. My problem is that I need to relocate but as house prices are not too good at the moment I have been advised by a broker that a let to buy second mortgage (not to be confused with a buy to let) would…
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Is it possible to switch from a 40yr to 25 year down the line
Hey guys im not sure if this is the right place to ask this, i hope it is. Anyway Im a first time buyer looking for 90k mortgage on a 135k property (borrowing 66.6%). I was in the halifax and they gave me basic approval for the mortgage for 25 years on a 4.32% fixed rate for 2 years. What im wondering is (and i forgot to…
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3 year fixed rate ending 2010
hi my 3 year fixed rate with chelsea building soceity ends jan 2010. being an absolute novice im unsure of my next step. i have spoken to the chelsea who cant offer me anything except automatically going on to their variable rate. (currently on variable i would pay an extra £30 which is approximately what it could be in…
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Mortgage refused as they think we will run property as business
Hi all, I have previously posted here and found the support offered to be most helpful and am hoping someone might provide guidance on our problem. We are in a real state and sick with worry as we have put a hefty deposit down on a property (non returnable as bought outside of auction) and given 6 weeks to complete. We did…
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Telling Mortgage Company I'm not going back to work after Maternity Leave
Hi I decided in July that I wouldn't be returning to work following the birth of my baby. We remortgaged with First Direct back in Feb and I had to provide a letter from my employer stating that I was returning. Do I have to tell them now that I'm not or does it matter so long as the mortgage is getting paid? I checked on…
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Multiple Standard Variable Rates ??
I got all excited when I chanced on the Alliance and Leicester website and saw their SVR was now only 4.24%. I rang them to confirm, where I was told that is only for new customers, for existing customers their SVR is still 4.99%. Can they have multiple SVR, by definition it is a standard? Even if it is a naming convention…
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Scary Mortgage!
Hi, Me and my bf have found our perfect home, it's a new build on a first start scheme on the market for £137,000. We pay 75% for it, the developer holds 25% which we pay back after 10 years interest free. No deposit required. My concern is because my bf has adverse credit we've had to apply to the Cheshire Mortgage…
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Changing to Interest Only Mortgage
Hi, first post on here although have been lurking for a while. My fixed deal with Abbey is running out in March and if I don't remortgage the rate goes onto the SVR. I was wondering, as I have been off on maternity leave and have run up a few other debts, whether I should stay on the SVR (which at the moment is only…
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What is 'Capital Reduction' in relation to a mortgage
Hi, I am new to the forum but would like to ask if anyone can advise me in laymans terms what 'Capital Reduction' is in relation to a mortgage, the only information I can find is connected with businesses rather than mortgages. many thanks
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Northern Rock Together Mortgage
Hi, I took a northern rock together mortgage a few years ago when I was a bit younger and a bit more stupid, I have moved the secured element of the mortgage onto a buy to let with C&G which leaves the unsecured element. The interest rate of the unsecured element went up by 5% when I moved the mortgage. Now I am not here…
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Virgin one account- when could they reposess?
Hi i'm after some advice please. My husband has just been made redundant and although i am working we have seen our income fall by over 2/3rds. Were lucky in some respects because we dont have any other debts apart from the mortgage. But my wag will only cover bills, and food etc and a bit towards the mortgage. So whilst…
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Advise on re-mortgage
Hi, Hoping for some advise/make sure what I am doing is sensible. I bought my house in may 2007 on 100% mortgage for £138k over 35 years. I think the house has dropped in value, but zoopla has recently predicted that its worth £143k, (but with a range down to £127k) up from about 112k at its worst this year. I know zoopla…
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Could be good news for the brokers!
http://www.ft.com/cms/s/e2e96a4a-b232-11de-a271-00144feab49a,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fe2e96a4a-b232-11de-a271-00144feab49a.html%3Fftcamp%3Drss&_i_referer=http%3A%2F%2Fwww.iggoogle.co.uk%2Fig%3Fhl%3Den&ftcamp=rss So how long do think before the rest follow?
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90% LTV then additional borrowing?
Hi, First here are my current circumstances: I currently have a £112k mortgage with Natwest that is about to go onto the SVR of 4%. House value is approx £125k I made £45k last tax year and my wife earns £23k I currently owe £21k of unsecured debt (~£10k loan at 7.66%pa, £402/month completing Dec 2011, £4200 at 6.5% for…
