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Mortgage on a flat above a shop
Hi, My father owns a building that houses a shop downstairs and a flat upstairs. I want to buy the flat from him to live in for a few years, with a view to possibly buying the entire property in the future. I'm aware that flats above shops are a little different to normal mortgages so any help would be appreciated. Here…
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NRAM early repayment charge waiver
I have a fixed rate deal with NRAM which ends May 2012. I have about 90% ltv. Are there any morgage deals out there for me on buy to let type? I have consent to let with NRAM at present. I would like to remortgage to get a better deal but I don't think I have many options. Also if I leave NRAM, will i get any other…
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Mortgage on a completed new self-build
Hi, we are financing a self-build by re-mortgaging our existing house and borrowing from family. We hope to raise a mortgage against the new build once complete to repay family and to finish decorating, carpets & landscaping. LTV would be under 50%. One lender we approached say they would n't lend until 6 months after the…
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endowment let down!! mis selling?
I took out an 25 year endowment/life insurance policy with profits from Norwich Union (Aviva) for £20k cover in August 1986. The illustration showed £98k maturity value in 2011. I have now received a letter stating that it will be about 40% of the illustration. Is there anything that I can or should do about the…
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Barclays reserve accounts
Hi there I have a mortgage reserve account with Barclays which is currently at £6,400. Ashamedly we have used all of this reserve up following redundancy/maternity leave. The situation is that our Fixed rate is due to expire in September 2012, which is 14 months away. My question is, do you know what happens when my fixed…
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Desperate help needs to remove default history for mortgage!
We've been rejected number of mortgage application due to the fact that we both are not permanent resident and one of us has 2 default historys in the credit repport. We both are from republic of Korea and have 2 year work visa left which is until October 2013. We are entitled to stay in UK until the above period with…
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Fast tracking changes on credit report?
Hi all Does anyone know if it's possible to update a credit report quickly or do you have to wait until individual banks etc do their monthly update? We have already asked 2 banks a credit card and electoral role council if they can update info early and they have said no...Can anyone help! We have been refused a mortgage…
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some advice please if anyone has more grey cells than me!
which I am sure you all do. I have some money in the bank. I also have a mortgage fixed with Nationwide. Well 2 mortgages. 1 for £59k and 1 for £32k. Total 91k. I have £33k in the bank and another 5k to come in a policy that matures in a few months. I was made redundant last July and to date have spent about 2k of my…
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Mortgage application and changing surname after marriage
Hi there, My wife and I will be looking to apply for a mortgage in the next month however as we only got married 6 weeks ago, I was wondering what effect my wife changing her surname would have on any application (for credit searching reasons)? So the questions I have are:* Is it a good idea to change my wife's surname so…
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In urgent help for advise for FTB
Hi everyone, I am in need of some desperate advise because I currently live in a rented house and have made this my perfect home, however the owner wants to sell the property and I am desperate to buy it because I really do not want to move anywhere else. Currently my girlfriends salary is £18000 and my salary is also…
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Transferring mortgage from one property to another
hi guys, this is my first time posting a thread ever so please excuse me if i've done anything wrong :) I have a query and would love it if anyone could give me some advice...basically i bought a 3 bed terraced house in 2003 for 114,000 in kent and because of one thing after another i never lived there and basically just…
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Mortgage Life Cover question
I have a question about mortgage life cover that I'm hoping that someone can clarify. A few years ago when I bought my house I had a mortgage of £125 000 and I have mortgage life cover for £125 000, the mortgage life cover has cost £11 a month. I believe the policy states that the lump sum paid will be £125 000 and this is…
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Daughter wants to buy house - can I have joint mortgage?
My daughter has just graduated and decided to stay in Manchester. her landlord has decided to sell the house she is renting and so she has to find somewhere else. She would like to buy but doesnt earn enough for the mortgage required. I already have a joint mortgage with my husband. Am I allowed two joint mortgages. Thanks
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shared ownership! good or bad?
i would appriciate advice for or against shared ownership. my partner and i are looking into a shared ownership as a possibility, mainly due to the large deposit needed for mortgages! but is it better to save that large deposit and own our own home (if we can get a company to accept our lower income approx 35-40k per…
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Vendor Paid Deposit
Hi folks, I'm a newbie so appologies if there is another recent thread of the same nature, feel free to bump this across if there is! Just wanting some advice if anyone has any... My partner and I are looking for our first house and mortgage (eek!) we're mid way through saving and have found a vendor paid deposit of 10%,…
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Valuation troubles
We’ve had an offer accepted on a property at 86% of the initial advertised price and 92% of the price it was advertised at when we made the offer. The homebuyers valuation of the property has come back a fair bit lower than the agreed price. The estate agent (not surprisingly) is convinced that the valuation is way off the…
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Transferring names on a joint mortgage
Hi everyone need some advice on a current mortgage situation..... My current partner has a joint mortgage with his ex, she left him 2 years ago but he stayed in the house to pay the mortgage ect. she has wanted off the mortgage for a while and is getting married in 6 weeks time, I have lived with him for year and a half…
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Selling a stake in a shared property
Apologies if this is dealt with elsewhere; I've looked and can't find reference to it. Following my mum's death last year, the (mortgage-free) house still lived in by my dad is now officially owned, one third each, by him, me and my sister. My question is, if my sister and dad had no objections, is my one third stake…
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Difficult situation...need advice
Hi, I am in the process of going through a divorce from my husband. We have a joint mortgage of £200,000 on a property worth approximately £285,000. I have given him a lump sum of cash to serve as payment for his portion of the property. However as I am self employed with debt and poor credit I have been refused when…
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Self Certification, Secured or Private Mortgages?
Do self-certification mortgages still exist? If so, who does them? Where does one obtain private mortgages? I am looking to get a 50% ish LTV ratio mortgage, but am not a standard textbook case; so there is no point in trying high street banks. I do have several other outright owned properties (that far exceed the value of…
