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mortgage agricultural occupancy restriction
I have planning to erect a dwelling house but it is subject to a s75 Town and Country Planning Act agriculture occupany restriction. I have been trying for a long time to obtain funding but cannot find a lender. They have all tightened their belts as a result of the current climate. Does anyone know of any lender out…
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Need Some Help
hi, i am looking into buying my first house off my mam and dad. the house has been valued at 80,000 pounds but i am buying it for 54, 000 pounds. When i apply for the mortgage will i still need to pay a deposit or because i am paying a lot less than the house is worth will i not need to pay a deposit. thanks
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Joint mortgage - moved abroad!!!
Help!!! Me and an 'ex-friend' took out a joint mortgage 2 years ago, and after 9 months he moved to canada and got citizenship. I then had to get a lodger in (on his behalf) to help him with his half of the mortgage. About 6 months ago, the lodger moved out, but he wouldnt pay any more to the mortgage, so since then I have…
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Broker advice required
Hello, My partner and I are feeling extremely lucky to have just been given £20k by family to use as a deposit on a house. We're currently renting and have a 7 month old baby so we're looking to move asap to a house in the East Renfrewshire area - fantastic schools catchment and somewhere we'll stay for the long term. So,…
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Affordability problem
Hi Guys, I am looking to get a joint mortgage with my wife, but broker says lenders will only take my 12.5k basic into account even though i get sales comm every month. Only been in job 5 months Yearly wage inc basic & Comm = £25 000 Regards Danny
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Coming off the property ladder a bad thing?
What are everyone's feelings about coming off the 'property ladder'?? I'm currently living with my girlfriend (simply paying bills for my keep) however am renting a city centre flat out which I own. I am giving some thought to simply selling my flat and possibly taking a new mortgage out when we buy somewhere else together…
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Subprime Lenders
Hi there Just wondering if there are any subprime lenders in the market? I know of Beacon but I think they've stopped lending at the moment. If there are any subprime lenders would they consider me if I only have a 15% deposit (based on a propery value of £100K). Thanks in advance Miggy
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Mortgage, self employed with the help of a guarantor
Hi, I have just got together a deposit of 10% the value of the house I've been looking at (on the market for £120,000). I am self employed but have only got one years books. My partner is employed and on her own can get a mortgage for approx £85,000. I spoke to a local adviser who stated I wouldn't have a chance with one…
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£5000-pay towards mortgage or isa
My fixed rate mortgage comes to an end in a few months.(£21500 owed over 13 years) Unfortunately,my workplace shuts down in July so I may well be unemployed. My question is,should I pay £5000 towards my remortgage and reduce the payments or leave the money in an ISA. My mortgage rate at the moment is 5.09% (which should…
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remortage quandry
My partner was made redundant 12months ago. Repayment insurance has paid for that year. It is now finished and our mortgage has reverted to SVR with Santander. I am working full time and am able to pay the mortgage, but our other outgoings (none of which are debts, just living costs) exceed our income by about £300 pcm. We…
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Renting my current property to Council Tenant
I have a 2 bed Terrace that i have been looking to rent out for the past few years. My Grandma has recently had her husband pass away and she is looking to move closer to my mum, it has been discussed that it might be an ideal to rent the house to her and the housing association would pay her rent to me etc. My current…
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Mortage renewal and arrangement fee
I'm in the middle of trying to get a mortgage as a first-time buyer. My partner and I are borrowing £140,000 and so far the First Direct Base Rate Tracker of 1.89% + Base Rate seems the most attractive, as we have less than 65% LTV. However, I'm concerned about the arrangement fee of £999. I know it's normal for there to…
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HALIFAX fixed rate coming to an end in two weeks...do I stay on the SVR???
Hi all Back in 2008 (well, 2006 originally) we fixed with the Halifax for two years at about 6% (i can't remember the actual rate.....i know that is bad!) Well, we have paid off a total of £400 of our £160000 mortgage in that four years and our monthly payment has been £1061! So, now that we are coming to an end with our…
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Woolwich ERC figure in contract&claiming
Hello everyone! Can someone please clear this up for me? I had a 3 year fixed term mortgage with Woolwich which ended last January. I paid a £275 ERC and yes this was stated in my initial contract. I've been reading about how this 'fee' has gone up and people have been able to claim the difference but if like me, it was…
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Should We Abandon Endowment and Overpay Interest Instead?
Hello! We (my wife and me!) have 14 yrs to run on our mortage and we have a total of £119k outstanding of which £100k is on an Interest only basis..and we have a Zurich endowment policy (currently on amber alert) running alongside it which costs £207 PCM..The current surrender value is almost bang on £20k..And we have been…
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2 Questions: Early Payoff or not, Broker or not?
Been to see a FA in estate agent (just to see what the score was), who lightly dropped in the conversation that she charges £250. Now as far as I can tell on here, if were capable of filling in a form, and fairly confident of getting the mortgage, we shouldnt be paying for the broker right? The mortgage she looked at…
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mortgage porting/ redemption fee question
hi, me and my ex have split up and are near completion in the sale of the house we jointly own. we are splitting the money we make from the house sale 50/50. i am carrying on the mortgage to buy a flat in my name only. because we have only had the mortgage for a year the early redemption fee is about 6,ooo pounds, this can…
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overpayments or save
Hi everyone, I've got a specific question on this and I was hoping some of you might be able to give me some advice. We're now in a position to save about 1500 a month (yes!!!). We have a 10 yr fixed mortgage at 4.89% and can make overpayments of £500 a month. We're looking to move house, maybe in 2 years time (it's fully…
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Mortage fixed term renewal confusion
Hi All 10 years ago, I got 25 year repayment mortgage Capital and Interest. After the first 5 years at a high fixed rate (6.6%), I seeked asvice from a mortage adviser. The mortgage rate had dropped at this time, and was offered another fixed rate at 5.1%. Because of the reduction, I decided to transfer the mortgage to a…
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New Mortgage Deal
Hi all, I've just had my offer papers through from my mortgage company to sign up on a new fixed deal. It's a good offer and I'm absolutely going to take it, but here's my question : The offer papers say the offer is valid until 10th May 2010. I've just made my final payment on my current fixed deal so will, of course,…
