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House Valuation
I bought a repossession 2 years ago for £107k , it was only in need of a bit of cosmetic work , painting / decorating etc , the house was built about 30 years old , its a large 3 bed detached property with large extension on the side , front garden , rear garden an has an extremely large garage at the back of the house (…
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mortgage dilemna
Hi all i have a joint mortgage with my nan on the house which is ex council house and where i used to live. I have always paid the mortgage and always will. Could i change the mortgage and deeds solely into my name, my nan will still live there rent free, she has no problem with this, just wondering is it straightforward…
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Re-mortgage and how they value house
My deal with RBS has come to an end and I'm going to be re-mortgaging with them. We bought our house at the start of 2008 so would expect a drop in value of the house but we have since converted the garage into another public room and have put in a whole new kitchen. How do the banks determine LTV for re-mortgages? Will…
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Helping out a friend - what are the risks ?
Hi All, Looking for some advice, so appreciate your thoughts here. A friend and his partner are trying to buy a flat, but have had their mortgage offer declined. Its down to the poor credit rating my friend has, not down to defaults. He's recently left uni and has started working and runs his own business. Never had…
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Yorkshire Bank - won't give decision over phone, must go to branch
someone i know is trying to get their currently joint mortgage into his name only after splitting up with his partner. he rang yorkshire bank this Monday & explained the situation & he was told to fax 3 months wage slips & bank statements. a telephone appointment was made for yesterday in which he was told a decision would…
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Don't Know What To Do
Hi I owe approx £32k and have roughly 12 years left and have been paying 4.85% £306 per month on my mortgage. This rate will now drop to 1.25% I have some savings which only netted me £50 interest - 2.78% I was thinking of over paying by £70 - £100 a month and possibly paying £20k off the mortgage as a one off lump…
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Can anyone help with this....
My husband has recently died and our mortgage protection has paid out, I now have the cheque with which to pay the mortgage, when I informed the mortgage company (NRAM formly known as Northern Rock) and they have told me to contact land registry to have it all changed to my name, what I am wondering is does it matter if I…
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How long does an offer usually stay in place?
As above really, if we go down the road of trying to move anytime soon (i posted a thread a few days ago re credit history). If I could successfully get a mortgage offer from someone, what kind of time limit do they generally have on them - and can you get them extended if you're not quite ready?
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Self Employed First Time Buyers
Hi, my wife and I would like to by our first house together as we are sick of paying rent! I'm self employed and only have my first years accounts (which show a loss) i'll have my second years accounts in April which should show a profit of around £25,000. My wife is employed and on a salery of £17,000. My question is, if…
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First direct fixed rate.Too good to be true??
Purchasing house £249,950. Have £100,000 deposit and i am looking at a fixed rate mortgage. Think have found a good deal with FD with rate of 3.89 and with no arrangement fee and minimal booking fee. Is this too good to be true and do you think i have missed some hidden charge. Seems extremely competative even compared to…
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Abbey/Santander - backdated demand for interest
I have had a mortgage with the Abbey since 1982, I have always paid by Direct Debit and never defaulted (i.e. paid the amount they have calculated as being due). Now they claim I am in arrears by £222 because of "accrued interest from when the account was first opened" and "also when there has been either an increase oe…
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Mortgage Porting - HSBC
Hi all, I'm hopefully going to be moving from North Scotland to Lincolnshire in the future and woudl like to port my mortgage as it's a rate I'd not find elsewhere at present. Have spoken to HSBC and they've said that, subject to me sucessfully passing the application again, they'd have no problem in principle doing this.…
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Independant mortgage advisor sought - Coventry/Warks Area
Can anyone recommend an independant mortgage advisor in the Coventry/Warwickshire area? We're currently on a nationwide five year fix but are currently letting the property out. OUr consent to let with nationwide runs out next August before they add the additional charge on to our repayments. We're looking at options and…
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First mortgage - buying my ex out
Hello we have a small terrace worth about 100k. The mortgage is in my ex's name only and owes 64k. My credit is not the best but I have just upgraded my bank account and been offered a credit card by my bank, Halifax, with no problem. I bring home 2.5k monthly and do not have any other massive outgoings. I am 55 years old…
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Fast Track - Good Deal?
Hi I have been offered a fast track mortgage with Abbey for 4..69% fixed for 5 years, with a £995 fee. Broker says Abbey are the only one that will have us. OUr credit rating is 999 and we are burrowing 5 x income. Thanks
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first time buyer query
me and my partner will be looking to get a mortgage in about april next year for the last year i have been plowing through debts at the tune of £1000 a month and by then i will be left with about 8k left on a loan with £170 payment a month. we should have about 20k deposit for a 160k - 170k house i earn 26k should be about…
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MSE News: 'House prices could rise 16% by 2014'
This is the discussion thread for the following MSE News Story: "House prices will edge ahead by 2% next year but property values will be 16% higher by the end of 2014, an economics consultancy predicted today. The forecast contrasts significantly with those from many other economists." Read the full story: 'House prices…
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Halifax Standard Variable Rate
Hi, Has anyone been able to buy themselves out of their 'fixed term' deal with Halifax and transfer to Halifax's Standard Variable Rate? Just before mortgage rates slumped, I stupidly fixed for 5 years at nearly double what the SVR is currently. I called Halifax (knowing I'd have an early repayment charge) to see if I…
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Small loan to make up deposit
Hi everyone, My partner and I would like to move out at some point in the 2nd quarter of next year, although we will not have the required 10% deposit at that point. We will have around £7000 (would have more but have had a series of financial setbacks recently! :angry: ) Anyway, I was wondering if it was viable, or even…
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First Time Buyer
Hello there im looking for a bit of advice if possible I currently earn £15,000 a year with outgoings on car finance at £117 over 3.5years Will Be Living by myself Credit Rating According to Experian is Fair to Good Age 24 Value Of Property Looking to Buy 90k-100k Approx The Property is currently owned by a member of my…
