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YBS Valuations
Has anyone had any recent experience with YBS valuers? I bought my house for £195,000 in April 2008 with a 10% deposit. My current fixed rate comes to an end soon and I would like a new 2 year fixed deal. The current rates are - 5.29% (LVR 85% - 90%) 5.59% (LVR 90.1 - 100%) They told me on the phone that they have my LVR…
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Do decent 90% mortgages exhist anymore?
My husband and I bought our 2 bed flat in summer 06 and we've done some work to it since then. We've had it valued and looked at the market and I think we could probably get about what we paid for it (208k). Anyway we have a toddler now and are wanting to buy a house. We are looking at houses in the price range of…
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mortgage in principle
if i get a mortgage agreed in principle, has there been a credit check taken place?
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Why cant i get a mortgage
I am getting really confused now. Me and my partner have a 10% gifted deposit, and a combined income of over 70K a year, yet still cannot get a mortgage agreed. We dont have excessive debt, and our credit scores are both good. The only thing is that my boyfriend owns half a house already, but is getting out of this…
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Mortgage offer Withdrawn
I recently had my mortgage offer withdrawn and I suspect why but thought I would share the circumstances. The mortgage was for 15% the value of the property My Income is actually more than the value of the mortgage. The mortgage funds were not forthcoming at the time of completion so we borrowed on a temp basis to…
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What determines mortgage conditions ?
Hi I have a discounted mortgage that has just ended. I took it out on 12 December 2007 where the sales literature described it as a 2 year discount. The mortgage offer is quite specific that the discount ends on 31 December 2009. The company has charged me the increased interest from 12 December last month. My assumption…
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Inflation "soars" - base rate and mortgage rates to increase?
http://www.metro.co.uk/money/809638-inflation-soars-with-the-biggest-ever-rise-in-a-single-month Will this lead to an imminent rise in the base rate? If so, by how much? Any comments as to how this might affect available mortgage rates?
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Interest Only with Abbey
Hi - I hope someone can give us some advice. We took out additional borrowing from Abbey 6 months ago and then applied to change the whole mortgage to interest only. Abbey told us that we would have to wait 6 months and reapply before they considered that request - annoying as the in branch mortgage advisor didn't tell us…
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B & B Mortgage
I have a ten year fixed mortgage with B & B/ Mr Brown at 5.59%, this has been running since 2008. Just as last year, from Feb 2010, I have the option to look for another lender, I presume they would like most of their customers to change lenders. I did look at changing last year to Abbey but the loan to value did not work…
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Mortgage, Zero Equity and Relationship Breakup
Hi folks. Asking on behalf of my current partner. Not really sure where to ask. But hey ho. She's been split for 8 months. She left their house and moved back to her Mum's house. She left all contents in the house. There's zero equity in the house (approx). Joint mortgage/ownership. He's been paying the mortgage on his own…
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Remortgage - Don't know what to do!!
Hello, I am hoping someone can give useful, 'noddy language' advice please! My 2 yr fixed rate is due to end on 31st March. Current lender: West Bromwich Current Rate: 4.69% Mortgage: est £118,000 House value: est £156,000 They have sent me a letter to say the rate is due to end 31/03/2010 and "we will write to you at the…
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Clerical Medical - HELP!
I bought a flat in 2002, I was a student and had to have my stepmother as a guarantauer. Pretty much didn't know what I was doing, and followed instructions. I paid all my own mortgage payments and have done since I owned the flat. I have alot more bills to pay now I"m no longer a student, one of which being self employed…
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House prices / broker's advice
Hello I made an enquiry via one of the UK wide mortgage brokers listed in Martin's article on mortgage advice. I spoke to someone yesterday just to get an idea whether I could get a mortgage at present and if so how much for. due to past ccj and default 4.5 years ago it may be a problem and I am saving for deposit (only 3k…
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Getting out of a mortgage
Right, i know this sounds weird, but i need some help. I met a girl a while ago, and we started seeing each other, but it's a bit complicated because at the time she was still living with her ex-fiancee because they had bought a house together. She has now moved out, but is still paying towards the mortgage. She wants out…
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LTV Confusion re: mortgages!
I'm so confused! I am currently renting a property privately through family but looking to buy the house. It is worth around £160,000 but I will be buying it for around £100,000 as my partner and I renovated it ourselves so we're getting it cheaper. I have no deposit to put down as I have a young son and spent our savings…
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New mortgage help
Hello all, My name is Serhan and I am close to buying my first home. I hope that you lot can help me with all your wisdom and experience so that I can find the right mortgage for me. Let me give some background info on my situation: Deposit: Personal: £10,000 Parents: £60,000 Total: £70,000 Property Value: £290,000…
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FTB Fix for 2 years, 3 years or 5 years?
We have had an offer accepted on a house we wish to buy. We have a 10% deposit and so the rates are high - between 5.99% and 6.39%. There would be £40 difference in the monthly repayments and the arrangement fees are equivalent to one another. What would you do? Fix for 2 years, 3 years or 5 years? We have gone through all…
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Remortgage Help For Home Extension
We currently have a 118k mortgage and have plans for a 60k extension. Current market value for our house is 165k. Our bank say if we were to move, we could aim for a 200k property (offsetting the 43k equity). However, they also say they will not give us the money for the extension as our loan to value ratio is not enough?…
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Shared Ownership - Mortgage Lenders
Hello all, I've found a great place and made an offer I think will be accepted. But I'm now finding that the mortgage lenders that I talked to dont do shared ownership (RBS, One Account etc) Does anyone know who does do shared ownership! It's frustrating.. and I'm really keen to get this place. I can even afford to buy the…
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MSE News: Beware mortgage lenders' hard-sell rate trap
This is the discussion thread for the following MSE News Story: "Homeowners approaching the end of an introductory mortgage deal have been warned to beware lenders' hard-sell attempts to flog them a new product ..." Read the full story: Beware mortgage lenders' hard-sell rate trap
