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Abbey Right to Buy mortgage declined
I'll give you the short version of our 18 month emotional rollercoaster! We are first time buyers. 1) Wife, son and I moved into our 2-bed council house June 2008. House needed a lot of improvements due to bad maintenance from previous tenant. We decided to use our right to buy and contact a recommended mortgage broker. We…
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Forum newbie needs help / advice
Firstly hello all, my name is steve and I found this forum whilst searching the net looking for answers to my mortgage problem and would be greatfull for any ideas/advice anyone can give... I like many others decided to get on the housing ladder at the end of the 80s and being a self employed man that works with my hands…
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Help with appeal letter
Hi everyone, I'm new to this forom so please excuse me if I dont use enough smilies etc! Myself and my wife have recently been told over the phone that we can borrow more money so we went out looking for houses and have made an offer. Having spoken with the Abbey they have recently declined any hopes of lending those extra…
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FTB HomeBuy Direct - Woolwich Mortgage's?
Hi, Just have a few questions regarding the various Woolwich mortgages. We are FTBrs with a 25% deposit and buying a new build on the HomeBuy Direct scheme. Considering he current climate which Woolwich mortgage would you recommend? We have been told to go for a repayment but are not sure to fix or go with a tracker. Which…
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Self Employed Mainstream Mortgage
Hello, Cheltenham and Gloucester have put myself and my partner in a bit of a predicament... I am employed with the same employer for 4 years earning £28K, and own a property on which I have a mortgage with C&G. In AUgust 2009 I called C&G to ask for advice on selling my flat and purchasing a house with my partner who is…
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Shared Ownership & FTB (request for urgent advise please)
Hi I been offered a 2 bed flat (New build) Market price: 206000 My Share 40% : 84200 Now I have to arrange solicitor & Bank to go through all processing or possibly mortage broker who does it all without a FEE! I got time to accept their offer in 10 days and to arrange solicitors and mortgage. Here are my questions and…
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Halifax AIP question....
Hi, My brother applied for a mortgage through a broker to Halifax and was not declined but it was referred for 24 hours. They only do a soft credit search, so is this bad news? What takes 24 hours? Having issues getting a mortgage is epidemic in my family at the moment :D
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FTBI Schemes / Right to Buy - but NOT a key worker
Dear all, I have a query with regards all the confusing mortgage products out there. Background My partner and I live in Central London and currently rent our small 1 bed property @ 1250.00 per month. We are starting to think about trying to get onto the property ladder somehow but we have little money saved (around 6,000…
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FTB - Fixed or Tracker help please....
Hi, I've seen a few similar posts so thought I'd jot down our situation to see what other people think please.....My boyfriend and I are buying our first property for £150k with a 10% deposit. The two best mortgages we can choose from are either a 2 year NatWest tracker at 4.19% above base, or a 3 year Alliance & Leicester…
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Seperated and in negative equity
Hi, Me and my wife have a shared ownership flat thats in negative equity. I understand that if we made profit then i would have to buy her out, but if we are in negative equity, is she entitled to pay me half of the deficit in order to 'buy herself' out of the mortgage. I can afford to remain here and wish to stay We are…
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Mortgage advice please
Hi,im almost coming to the end of a two year interest only mortgage(several circumstances at the time led to this)with RBS.I would like to switch to normal repayments asap and im hoping the payments wont be too much more than what im paying or even better less! I got the mortgage in august 2008 and i think the rate was…
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Break up Mortgage Trap
Hi This is the first time I have used the forum and am hoping someone has been through a similar situation and may have advice to share. I split up with my ex partner in April 2008 and was left with mortgage and joint loan to pay. She hasn't paid a penny since she left and i've been informed that she can't afford to. The…
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Buy to let or not
Current situation: Looking to relocate. House worth around £175,000, mortgage of £6,000 of £100 per month to run for another 5 years. Want to buy for around £160,000 to £170,000 but don't know when I will be able to relocate with my job. Someone has told me that I can rent my house out and somehow buy another house with a…
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Mortgage in relationship breakdown
I am after some advice about a mortgage I am named on. Basically, I am named on a mortgage with an ex-partner. I would like to know my options regarding the mortgage and house. She currently lives in the house with my 2 children aged 5 & 7. I have tried to remove my name from the mortgage but the mortgage company wouldn't…
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Do you have to change the name when married?
When a woman gets married does she have to change the name on the mortage to her married name? A friend has been married nearly 14 years but still has the joint mortgage in her maiden name (everything else is in her married name). Would this ever been a problem? Just wondering.
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discounted home ownership mortgages HELP!!!
our daughter has been offered a home through the discounted home ownership scheme with her local council. The problem is trying to find a mortgage provider who understands this scheme and who is prepared to lend her the money. Does anyone have any experience of this? She has tried a mortgage advisor who has been unable to…
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High earnings multiple but with guarantor but still no mortgage offer. Advice needed
To cut a long story short (see my other threads) I'm hoping to take over the mortgage of my house which I own with my ex. It's with C&G and I've been through a new application to take it over (but keep the existing mortgage rates which are much better than those currently offered) and the (high) earning multiple of 5.6%…
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Overpay or stash away?
We are hoping to take advantage of Mortgage Express Early Redemption Penalty waiver. At the moment we are on a fixed rate of 4.99%. After speaking to our broker he has said we can apply for a 2-year fixed rate with a different lender at 3.49%. At the moment we are on interest-only and paying around £900 per month. If the…
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Tucker Turner Kingsley Wood and co - seeking information
The above claim on their website that they act for well known lending institutions. They do not state which ones. Has anyone any idea which lenders they work for?
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Northern rock asset management plc
Hi, (1st post). I currently have a mortgage with northern rock and im tied in until june 2011. the company have recently split in two and i am with asset management side. a few months ago we was looking to move into a bigger house so we went to our advisor and we could borrow the amount we wanted from northern rock great.…
