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Mortgage refused after agreement in principle
HELP! My daughter and her partner have had thei rmortgage refused today after they were given an agreement in principle. They live 280 miles away from the house they were going to purchase. They are buying the house and are intending to commute during the week and stay at the house at weekends. They will be staying with…
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Mortgage Deposit - International Money Transfer
Hi everybody I am buying my first property in the UK. To help, my parents have decided to contribute some of the money for the purchase. As they are based abroad, they will send EUR to my EUR current account which I have open beside my GBP account at a UK bank. I will then do the currency exchange myself. My question is…
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Britannia underwriters (cause for concern?)
Currently moving house and wanting to take out a Britannia mortgage. (Offers accepted on both old and new houses) The mortgage got referred to "The Underwriters!". Anything to be concerned about? Quick headline stats... 25% deposit from equity from the sale of the old property. Mortgage just in my name with a v.good…
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New Deal 20% LTV?
Hi there, We have been on the 4.99% A&L SVR for over a year now after our deal expired and no other deals were available due to LTV. We now have 18% LTV which I can raise to 20% if required. I have called A&L this morning and they can fix it for a year on 4.24% which will save me £50 a month (£774 -> £726). Just dipping my…
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Lender Bank Charges
Hi, I have recently purchased a property which we have completed on. We have received a chaser from my solicitor for settlement of GBP 25.00!! This is the fee the lender took when transferred funds for the mortgate to the solictors bank account. Firstly I dont understand as to why a lender would take a fee for transferring…
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Arrangement Fees?
A FTB here! Have viewed a few properties and find that every estate agent likes to push their own "mortgage advisor". I had a meeting with a couple of said mortgage advisers to get a feel for them. I quickly dismissed one as she seemed very two faced or just hated her job. Although another seems pretty decent. My main…
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Car Finance Effects on Mortgage Borrowing
I'm planning to apply for a mortgage around Feb/March time, I'm hoping to get an AIP for about £150k, I have £30k saved up as a deposit. I am now changing jobs though and need a car for my new job. The commute is fairly long so driving is the only option and it needs to be a half decent car that doesn't fall to bits after…
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mortgages in different names
i have recently married and want to understand my options regarding my property and my partners. we both live in the property in my name with an outstanding mortgage. my partners property is solely in her name and is rented out however it not a buy to let mortgage. are there are benefits in keeping these mortgages in…
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Fixed Rate Deal Expires Onto SVR
Lender is Bank of Ireland. Fixed Rate expires at end of October when I then presumably move onto the standard variable rate. Do I have to pay a product fee / arrangement fee or does this only apply if you change lender?
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small mortgage wanted but is it possible with a CCJ?
Hello thank you for taking the time to read my post. we currently live in my husbands grandmothers house. she died this year and left 90% of her house to her daughter and 10% to her son. my mother in law is basically giving us the house but we need to pay off her brother 10% of what the house is worth. i have looked into…
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Lady in distress..mortgage worries..
Hi, Iam new to all this, so please bear with me! Iam in a bit of a sticky position..Ive left my current employer( long story!) & am hopeful of new work very soon. In the meantime my outgoings have eaten away the little savings I have & I have been in contact with my mortgage co (Nationwide) about reducing my payments. I…
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Portable mortgage on a new build property?
Hi currently have a mortgage of £130k on a tracker taken out in 2007 before the crash. Basically interest rate stands at 0.5% above base rate for duration of the term. Obviously do not want to loose this. I have land and would like to build my own home, but transport the mortgage. I have checked the contract,the mortgage…
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endowment advice
Please can someone offer me advice on wether to keep an endowment (which is now only a saving plan) or to sell up and pay the money I was paying into a saving account. I have looked and after 25 years I would have only gained £2500, if the rate of return stays steady at 5.75%. I have already been pating for 13 years but…
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Extortionate Home Valuation Fee
Hi All I recently approached my bank, with whom I already have my mortgage, with regards to re-mortgaging onto their fixed rate tracker. The charge for re-mortgaging was £99, which I thought was fair, and everything seemed fine. I was then told that the bank would have to re-value my house; perfectly understandable. But…
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Mortgage help needed!
I am new to this forum so please bear with me! I need some advice about how to start with our house buying situation. We have had our house on the market for some months, have dropped price but have not sold. We have a mortgage of £50,000 and approx £95,000 equity in property. We have seen a property on market £190,000 and…
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10% LTV mortgage FTB Freelance Guarantor
Hi, Any help with this would be greatly appreciated. My partner and I are hoping to get our first mortgage by the end of the year. We are both freelance but are payed PAYE so are not full considered self employed. We have a 10% (possible 15% at a huge push) and also have the backing of one set of parents who would act as…
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Deposite problems not FTB's HELP!!!!!
Hi Peeps, Just want to sound out some independent financial advice I have been given recently because to be honest it scared the hell out of me and my GF. Quick version is we own (Northern Rock mortgage, fixed 5.5% repayment 5 years, now 4.79% variable) a flat in Surrey worth at present $138,000 our mortgage is £115,000.…
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Question on part-advance of commercial mortgage and fees paid
I agreed a £100K advance from Abbey for a commercial property about 18 months ago. The property was undergoing a major refurbishment so Abbey would only release £40K on agreement to go towards the building costs with the balance to be paid down on completion of the work and a re-survey. The building work dragged on for…
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House buying LTV prob
Wondering if anyone can help. Im in the process of buying a house with an 85% LTV mortgage from the halifax. Survey showed a load of probs and the vendor has agreed to take 8k less for the house in lieu of the work that need doing. My question is can we borrow the same amount from Halifax thus giving us 8k to do the…
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Where are all the monthly payments going?!
Hi all, this is probably a really stupid question but im confused. My partnern and I bought our house in 2005 and were very lucky to have a large deposit with much help from our respective parents so only had to borrow around £76k on our mortgage. Five years on we are currently on a variable mortgage deal after our fixed…
