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What can i do?
Hi there, im new on here and need help, 3 years ago myself and my wife decided to buy a house, we were renting a flat at the time, had no savings and had a loan of about £7000, Buy a house, everybody told us, you will soon make money on this!!! Well, after speaking to a financial 'expert', we were advised that we could…
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Britannia Mortgage Process
I’m in the process of taking out a mortgage with Britannia with my girlfriend. We are first time buyers and have a 15% deposit. We applied about 2 and a half weeks ago, and in that time have received the agreement in principle, and have since sent in proof of our deposit, letters from parents (who have gifted some of the…
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Gifted deposits help
Hi all, apologies if this has been posted elsewhere, but I've searched through and can't find anything that exactly matches my question. The scenario is this: My partner is looking to purchase a house from her Grandmother. Together we do not have enough money for a deposit on a mortgage (we have around £4k saved up so far)…
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Need Mortgage, but no deposit
Ok, the story in short is that my fiance and I are being offered his dad's house for £100,000. He is moving abroad and needs that much to pay off his mortgage and live abroad. The house has been valued by two estate agents at £130,000 to £140,000. We only have 6 months max to get a mortgage however there's no way we're…
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Consequences of wrong offer letters?
I'm currently on my fourth try at getting an offer letter with a rate that is not 0.5% lower than it should be. For me it's easy, I'll persevere until I get a correct offer letter and not exploit the repeated mistakes. However, I am curious. What happens when borrower, lender and solicitor all don't notice a 0.5% too low…
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Please help MSE test revamped tool: Ultimate Mortgage Calculator (now more ultimate!)
Hi folks, A few months ago we launched our 'Ultimate Mortgage Calculator' and got some really great feedback from the forum - chief among it being 'make it MORE ultimate!'. So we did... We are hoping to launch this in the coming weeks, so would love anyone with a few minutes to spare to have a play and test it for us. What…
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Mortgage not secured on house
Hi, Quick question I can't seem to get an answer to and maybe I am being a little stupid here but anyway.... My partner and I have decided to buy a house. She will put in 600K cash and I will have to unfortunately mortgage to put my part in. I want a small mortgage so 100K is fine. So, we have 700K as an amount with my…
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owning 2 houses.
if you have one house (mortgage free) up for sale. and want to buy another house with a mortgage (to pay off when the first house sells, are there any implications ie CGT or anything else.
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Advice please
My partner and I are in the midst of trying to buy our first place together. We went to se a mortgage advisor and got an agreement in principle for a 2 year tracker mortgae with Skipton (4.89%) which we have followed through on and are waiting the result. Sinceapplying for the mortgage I have become concerened re the talk…
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Exisiting morgage coming to end help required....
Exisiting discounted morgage with Leeds finishing end of this month... 150,000 morgage - thinking of 5 year fixed with HSBC or a life time tracker for a few years.... Any thoughts or advice ???
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2 Year Fixed Ended - do I switch to repayment?
Hi, I have a flat that I have a 90% interest only mortgage on and my current 2 year fixed deal has just ended. My mortgage is now switching to the banks standard Variable rate (which I believe is 4%) which reduces my monthly payments from my previous fixed deal by about £150 per month. I am just wondering whether its worth…
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Mortgage overpayment facility 'unavailable'-any suggestions please
The terms of this post may be too broad for specific help, but I am asking anyway. A colleague spoke yesterday of having had a lump sum mortgage overpayment refused. Lender apparently said there was no way of accepting/processing it and that there would be no advantage to the mortgagee, who has several properties. There is…
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MSE News: Mortgage billing blunders could trigger partial debt write-off
This is the discussion thread for the following MSE News Story: "Borrowers who owe more than previously thought due to a lender error may get the shortfall written off if they complain ..." Read the full story: Mortgage billing blunders could trigger partial debt write-off
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Mortgage / separation question
My wife and I separated over a year ago. She continued living in our jointly-owned house with our three children. I have been paying all the bills plus the mortgage (interest only) since I left. I now want to separate our finances and to this end we have agreed that she should keep the house. The mortgage is £150,000.…
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Is my remortgage over?
Hi We tried to remortgage last night with Natwest, taking out additional equity to consolidate and also to pay off our in-law who bought the house with us. On the credit check we failed and having looked through our Equifax report I have a default at the beginning of 2007 which was settled immediately afterwards. Have I…
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Mortgage Calculator on Maternity Leave
Hi guys. I am looking for some advice from you very knowledgable people. My fixed rate deal comes to an end in 18 months and as I am with NRAM I assume I am going to have to move my mortgage to another lender. Me and OH are planning on starting a family and all being well my OH is likely to be on maternity leave when it…
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Joint mortgage question
Hi Guys hopefully you can answer a question i have. Basically my mam (73) is wanting to sell her house and move into a bungalow she fully owns it and would get around £70k. the properties in question are all around 100-150K. Now we would be willing to get a mortage for the outstanding amount 30-70K. (subject to acceptance)…
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Help and advice needed / possibility of remortgage
Hi everyone, I hope you will be able to advise if there is anyway we can solve the following problem. I will try to keep this as brief as possible: Following her divorce girlfriend purchased the ex marital home jointly with a friend. She borrowed money off the friend for the deposit (I wont tell you how much interst the…
