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Regulated Tenancy: Fiance
Hi. I am attempting to purchase the upstairs flat in a Victorian Flat. I have been offered the freehold. I own the lease on the only other downstairs flat. The flat is occupied by someone with a Regulated Tenancy. Purchase £150K. I am fully aware of the ramifications, yield etc of Regulated Tenancies and their inherent…
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HSBC delay from exchange to completion
We're selling a flat with no chain to a buyers with no chain yet the buyer's bank, the HSBC insists on a 2 week gap from exchange to completion. Has anyone else had success in bringing the completion date forward? Why can't we exchange and complete on the same day? This is confusing.
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First Direct
Basically they're very anal aren't they? Would be interested in any stories from people who've been turned down by them for dubious reasons? Also, probably a very naive question, but are they completely goverened by what the computer tells them or is it down to the individual judgment/discretion of their underwriting…
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Northern Rock - Together Mortgage
I am looking for advice on the Northern Rock Together Mortgage. I think there are quite a lot of discussions about this on various websites, and I have looked at some of these but am a little confused by what my options are. My wife and I opted for the together mortgage in 2008 (we signed literally the day before Northern…
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Looking at an alterntive at late stage?
Hi, I have an AIP via a broker with a lender with extremely high fees, such as the arrangement fee We have applied now formally and a suvey carried but no offer yet Despite being turned down by high street lenders due to a credit glitch I contacted another Lender who has found me a deal at a much better rate and much lower…
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Sanderson young Private Finance
All, hoping someone can help. Has anybody heard of or had dealing with SYPF - Sanderson Young Private Finance? I recieved some details from them, from what I can gather they seem to think they are processing a mortgage app on my behalf, for my property. This is not the case, I've never heard of them and I cannot seem to…
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Advice after recent bereavement
A friend died last week leaving no will and the family finances are a messy mystery. Can anybody offer advice regarding their mortgage: must all mortgages have a related life assurance policy? We can find no evidence of such, but I thought it was a requirement... Having such settled would be an enormous help for her and…
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Legal and General new fixed-rate mortgage -question
Legal and General and the Hanley building society are joining forces to offer a new non-credit scoring mortgage, which4u.co.uk reports. A new two-year fixed rate mortgage at a rate of 3.35 per cent has been unveiled by the financial services company and the building society . How does this work exactly if there is no…
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Proof of income
Hi, I'm starting a new job in a couple of weeks and my partner and I are pretty keen to buy a house. We're renting at the moment and have enough savings for a small deposit. Our outgoings are very low and our credit is good, the worst on my record is that I wasn't registered to vote until two years ago. The problem is my…
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Natwest Remortgage - Valuation Issue.
Hey Folks, Basically, i am applying for a remortgage, i don't currently have a mortgage, i bought the house outright. All went well until the valuation. Natwest sent a valuation man round. He looked around. I asked if he had any idea what he was going to value the property at. He said, ermmmm no i'm not really sure in this…
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Deeds in Trust
I inherited two houses with my brother, my partner bought out my brother. At the time I was a pregnant Stay at Home Mummy, so decided to not to join myself with my partner on the business loan he took out. Me and my partner are no-longer together. I cannot afford the home we are in now on my own. But, could afford a 50%…
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Right to Buy - Nearly there now...
I have an appointment with the Halifax on Monday to go through the offers for my mortgage, we will be discussing rates and how many years I want my mortgage to be over. He mention that I needed to find a solictor before this appointment so things can be swiftly moved on, does anyone have any advice on what I need to be…
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Mis-sold Endowments
Dear Money-Savers, I believe that I have been mis-sold two low cost endowment policies. One with Friends Provident was taken out through a broker, who sold the business, to another guy who had it written into the contract that he did not take on any of the overall liabilities. The original guy who mis-sold it to me has now…
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Mortgage - what debts to clear first to give best chance
Hoping to move house this year and will be looking for new mortgage. Have 4 credit cards all maxed out and only pay minimum each month, also use overdrafts fully each month. Want to give ourselves best chance of getting good mortgage deal so which would be better to pay off first - credit card debts or overdrafts? Is it…
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What is the most a mortgage company will pay to get you off their books?
Hi all I bought a mortgage with GMAC just before the credit crunch in 2007, and since then my property has fallen into negative equity. GMAC's demise meant they sold the mortgage to Webb Resolutions. As the fixed rate deal has now ended and I'm on interest only paying a smallish amount every month due to the low interest…
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Most efficient lender?
Would like to know, based on the previous experiences of board users, which lender is currently the best in terms of processing speed (provided all documentation is ready and correct)? Some of them are currently giving me the 4-6 weeks timeline, which is a bit too long for us. TIA
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Which of these would you choose?
Given the choice of the following (and only the following 2) mortagge deals, which would you choose in the current market - and why ... Base rate+2.80% (currently 3.30%) until 30/6/12, followed by "standard rate" of 4.74% (but this is subject to change if rates change!) till June 2015 - total tie in would be 5 yrs, 2 at…
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Halifax Motrgage
Im currently on a variable rate at mo and am considering going onto a Interest only mortgage , and wonder if anybody else done this recently with the halifax
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Put through the mill with Barclay's mortgage
There is no mortgage offer in sight. We have been made to jump through so many hoops trying to get a mortgage offer with Barclay's. It has been in processing with underwriters for five weeks. The problem is with my partner who is Australian, she has the right of abode in the UK and is being made to send more documentation…
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Getting another agreement in principal
Hi there, yesterday I recieved an agreement in principal for a mortgage for a house we are hoping to put an offer on on monday. No sooner had I done so, my wife came up with a cheaper quote from another provider. Is it worth trying to get another aip or will the extra credit check cause me problems later on. I haven't had…
