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First Time Buyer mortgages query
Hi everyone Newbie fairly green with all things finance related here, so please be gentle!! My partner and I are starting to think about buying our first home together. Whilst she hasn't owned a property before, some years ago I took over an existing mortgage from a property I inherited from my father. That property has…
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Applying for another mortgage?
Can you apply for another mortgage product whilst having a mortgage offer? I have had my mortgage offer for some time and recently got a pretty big pay rise, which may mean because of the different multiples used by lenders I may now get a better deal elsewhere. However, I do not want to jeopardise what I already have.…
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Self-employed(ish) and in need of mortgage advice!
My boyfriend and I have just had an offer accepted on our first house and it's time to do what I've been putting off and apply for the much-needed mortgage. I've done lots of research and found the best product for us, my problem is with the application itself and the fear of being rejected. My boyfriend is a teacher and…
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Want to sell...
our flat & upgrade to a house, but we bought it during 'the boom' 3 years ago & there is no chance we'll get the money back we paid for it. Is it a case of sitting around until we have paid off enough of the mortgage so we can make some money on it? We've heard of property developers buying your property from you (&…
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Second Charge on a property
Hi, I own a property with another person. They had a business which had a debt and a company has placed a second charge on our property, its an energy company who only supply business premises as far as im aware. My understanding is if the house is sold they get their money which is fine, but what happens if we decide to…
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anyone switched names on a mortgage
bought house three years ago split up straight away, i kept house on but couldnt get a mortgage on my own ex agreed to stay on mortgage untill i could, have since started seeing someone else who wants to get on the mortgage can i keep mortgage and switch names or do i have to start again as put down little deposit and…
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Will DWP want repayment
A relative who is a single parent has been on long term benefits. She has a mortgaged house for which, for the past 10 years, the DWP have been paying the interest to the building society. She now wants to sell the house and is wondering whether, if she does, will she need to use any of the proceeds to repay the DWP for…
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'Deposit Paid' offers
Hi there! Im new to the forums of this site, but not the actual site (it's amazing!) and have a question! Please forgive me if it has been posted previously but I have scanned and scanned and not seen the same query! Im 22 and currently in the VERY early days of saving for a deposit, having just graduated from university…
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a better deal comes out halfway through application
Hello Sorry if this question has been asked before but I wasn't sure how to word a search for it. I'd really appreciate some advice. We are first-time buyers and have sent off our mortgage application to Abbey through L&C, for a 5-year fixed rate 4.99%, which at the time was the best long-term deal. Now Co-op has brought…
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What would you do? Short term mortgage.
Hi, I currently own my house outright so no mortgage worries. For my sins (and pension) I'm planning to move up in the market. The property I am buying is around £490k and with the sale of my existing house and some other capital my deposit would be around £410k - therefore looking to borrow approx £80k over 20 years. The…
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Mortgage LTV conundrum
Hi folks, A little background first. We've had a mortgage offer (from the Abbey as it happens) on a house. Given the price of £320K and the £224K we are borrowing we nailed a 70% LTV to get a decent rate (1.9% above BOE). The survey has thrown up some stuff including roof coverings, electrics and asbestos tiles and…
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Residential or BTL?
I'm thinking of buying a large Victorian property which was converted in to three flats in the 1970's. I intend living in one flat and renting out the other two. The house is still registered as one property, so I'm unsure what type of mortgage I would need to apply for. Would I be able to apply for a residential mortgage…
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Can I let my house in order to buy another?
New to site and any info would be grately received... I have had my house on the market for a couple of months and had 3 viewings - no offers. I want to move in the summer hols to be settled in time for new baby arrival mid september. Time is now ticking and I am thinking of letting our house for 6- 12 months in order to…
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Anyone ever bartered a booking fee?
Santander has offered me quite an attractive 3 year fixed deal (I'm currently on its SVR after my last deal expired) but it comes with a whopping £800 booking fee and £125 transfer fee. They've offered to add them both to the mortgage (which I don't really want to do as £925 x 19 years' interest isn't too healthy!) but…
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Maximising Offset Mortgage Savings Whilst Purchasing Next Car
Hi All, Not sure where this thread may go but this seems like a good place to get advice. I have a car on finance - currently £149 a month with a £16k balloon payment due in January 2011. We also have an offset mortgage, with some savings that are currently offsetting the mortgage - it is from these savings that the…
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Buying without selling (straight away)
Hi. I currently own a house up North which has a tennant until July, and I'm living down in Surrey in rented accomodation. I've decided to buy a property down here now and sell the house up North. I've found a house that I want to buy and I'm in the process of getting my house onto the market. My question is when applying…
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Buying 2nd flat
Hi, please could you advise? I want to buy a flat for my son to live in at uni next year. Do I have to have a but to let mortgage? I could extend the mortgage on my present home to cover it, so not really sure which option is best.... Are you allowed two normal mortgages?
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not yet?
O/H and I have a baby due, in october looking for our own place, currently stay with o/h parents. Seen a 1 bedroom flat for sale 40k. question is, is it to soon to apply for a mortgage i have 3 defaults all paid partner has perfect credit file shes never missed a payment. They are 5 years old (paid about 4 - 41/2 years…
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can i ask a question please?
Hiya everyone i'd like to ask a question please - Basically we currently have an intrest only mortgage - 6.75% 22yrs and 9months left to run (all i could get at the time even tho i could afford repayment one they said no!), and fixed rate is due to end in feb11. So when our fixed rate is up will i be able to move on to…
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Do I qualify as a first time buyer?
My situation: Bought an apartment 4 years ago and sold that, it was in both our names. Bought another apartment and it is currently let, also in both our names. Want to buy a house to live in and will be registered in my name only. Am I considered a first time buyer in this situation? I am not selling in order to move as…
