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End of fixed term on mortgage-what next?
My current mortgage fixed rate is due to end next April and I was wondering what happens when it's 'up for renewal'. The reason I am asking is because I have heard that in some cases due to the current financial climate lenders are not offering mortgage products at this end of fixed period stage, and wondered if this is…
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Very Newbie question
I have an AIP for 250k, if i buy a property for 235k that needs work, is there anyway to add the cost of the work to the mortgage. (90%ltv) I assume not, but worth asking, as i am interested in two houses, one needs work, but i will get it for less than the "perfect one" Cheers
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money for divorce
need to raise money to pay off debt to ex, property is mrtgage free. is this classed as remortgage ?
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FTB - Large deposit, low salary
Hi guys, I'm in a lucky situation to have access to a large deposit - around £185k but am on a relatively low salary £25k with a £2k bonus that isn't guaranteed but in 3 years I have always got. My question is, will the large deposit help me get a larger mortgage? I'd be looking for property worth £290-310 with the aim of…
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Northern Rock overpayments
I have made overpayments to my Northern Rock Together mortgage, is it likely that they would transfer all the over-payments off the loan rather than the mortgage too?
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Mortgage question
I have several other properties other than my main family home and in the past some unsavpoiury tennants......anyway long story short, there has been shortfalls in the past and one of the properties has gone into receivership. Now as it was explained to me this just means they collect the money direct from the tennant and…
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Marriage break up - House in negative equity
Hi All Its with a heavy heart that I post this, but really could do with some advice (cannot see a mortgage advisor at the bank until next week...) My husband has dropped the bombshell that our marriage is over - I hate the house we live in, so I am quite willing to move out. I don't want to keep my name on the mortgage…
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Job iffy - do I declare that to the mortgage advisor?
Hi all, I'm about to go ahead with a mortgage application with my partner in order to purchase his deceased father's house from the estate. My partner is both executor and beneficiary of the house but there is a mortgage of £65,000 owing on it. We would like the mortgage in both our names. I have been in permanent…
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Very nervous FTB about to complete
Well we're here, we exchanged in July and have now been given notice to complete on our new build house. We are all set and due to complete on 22nd October and the solicitor has requested the mortgage, all good... right? Why the hell am I so scared? I have read horror stories about mortgages been pulled from under people…
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Can I obtain a document to prove I am not on a mortgage
Hi I have going through a relationship breakdown, I currently live with my parter of 8 years in his house, I have no claims on this property he has always paid the mortgage and the house is in his name. I have applied to my local council and housing assocations to get on their housing list or affordable housing and 1 has…
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cant sell house need advice please
our house has been up for sale for 10 months, we are living with my partners parents in another part of the country, we cant drop the price anymore it wont cover the mortgage, we have a dmp which we are paying through the cccs, we cant keep paying the mortgage and expenses at my partners parents, we know it is unlikely…
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Rip off valuation fee?
Hi, I've been quoted £350 for a remortgage valuation fee by Halifax. Does this seem reasonable? Also does anyone know if this has to be paid up front or can it be added to the mortgage? Might not seem a huge amount but there are so many outgoings at the moment! Thanks
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Default and Guarantor's
I was wondering if someone could help me, my debts have been paid since Feb this year but i have defaults from 5 years ago which get removed next year and the last one comes off in November. We have 20k deposit to put down and BF also has a good credit rating, we are being told that although we are unable to obtain a…
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To sell or rent?
We have just renegotiated our mortgage and have decided to go on BMR (for now) @ 2.5%. As we are long standing customers of our lenders we can go back on to a fix at any point. We have 48K debt remaining. We are now in a quandry as we have approx 240K in savings to put down on a new place and are not sure whether to sell…
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New Mortgage
Hi, I'm in an unusual situation in that I'm a first time buyer about to buy a house which I intend to rent out for two to three years before moving in myself. I don't as yet have any tenants lined up. After telling this to two different mortgage brokers, they have said that I will not be able to qualify for a residential…
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I haven't a clue about mortgages, please advise on credit card debt against mortgage
My title probably makes no sense. I am clueless when it comes to mortgages. My husband deals with it all and it is in his name. We are with GE Money. We were on a fixed rate for 3 yrs which ran out last December and we just left it and it went onto the svr mortgage when our fixed rate ended. As I am cluless could you…
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Mortgage offer through-what now?
Really impressed at how fast London and Country have managed to go from us first approaching them to the mortgage offer in 3 weeks...but now what? We've gotten the solicitor in place and she has done the searches and said she received a draft contract from the vendors solicitors, but that there was a 'few enquiries' she…
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Internal audit threatening completion after exchange
We have today been informed that due toa random internal audit it is highly likely that the mortgage offer we had previously accepted will not go thorugh on our completion date ( 15th Oct ). We are now in a position whereby myelf, wife & 3 children ( youngest 12 days ) maybe homeless on Friday. Is there anything we can do…
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Mortgaging to fund renovation
I am a newbie. I need some advice. Situation is I have a mortgage equating to 80% LTV - 300k loan on 375k value. Have an excellent lifetime base rate + 0.5% tracker deal. Paying interest only. It is peanuts. We want to renovate our house to major effect and would like to borrow up to 100k to do it (total cost will be 160k,…
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Returning from abroad - any words from the wise re mortgages, please?
Can anyone offer any tips/wisdom regarding relocation to the UK for my daughter and her husband? They are both on very respectable salaries now - but it may be that they will both be with entirely new, UK employers when they finally get here - i.e. their current, foreign employers will not relocate them and they won't move…
