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Can you haggle/negotiate?
Ok, so I am still studying and living with parents. I plan to get a mortgage in 3 years and have just done some scary research today. Why are the fees going to be more than £1500. And interest is around 4% :( Can you ever negotiate these fees and the rate or are they the rules?
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Abuse of benefit system to get mortgage
Scenario - a parent has purposely not worked for 20 years, received benefits, given right to buy discount and at the age of 60 uses their son to buy the property with them as co-owner (as the son is eligible for a mortgage). A joint tenants agreement is signed for all under the (verbal) agreement that as she - the parent…
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mortgage advice
hi hoping someone can give me some advice,my husband has left me and has said i can have the house,joint mortgage,anyway i applied for sole name and was refused,the underwriters say i cant afford the mortgage that i am paying anyway,explained this to ex husband.and he said he will go to a solicitor and have a document…
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Accord Mortgages - How to get lower interest rate?
We have been with Accord for four years and they are still refusing to lower our interest rate. We have not missed any payments and each time they say it is time to review our account they move the goal posts and tell us we have to wait another year. I have called to make a complaint, promised call backs - never happens,…
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Mortgages for trainee solicitors
Hi I'm a trainee solicitor and am struggling to get a mortgage. I've been employed for 5 months and am on a two year employment contract. After the two years, my employer has the option to renew or terminate my contract. However, it is extremely unlikely that I won't be kept on but this seems to be the reason why the…
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Advice on loan/mortgage
Hi, First time poster, apologies if this is in wrong section. I live with my partner in a b&b/tea-rooms that he runs as a business. The business is in a £350k property that he owns outright with no mortgage held against it. The business doesn't make a great deal of money and has some bad credit history from multiple late…
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Re-mortgage & New Mortgage
Hi, I need some mortgage advice. I have a flat in Slough, approx £60k mortgage (property value approx. £130k). I'd like to let out my flat (currently paying £300 per month mortgage, could let for £625 per month) and buy a house with my sister, we'd like to buy somewhere in need of refurbishment to renovate and sell (my…
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How to protect yourself against mortgage offer withdrawal?
My partner is in the process of buying a house at the moment and like most people she has googled everything only to see that some people had mortgage offers withdrawn after exchange of contracts. She is putting down a sizeable deposit (roughly £28500) which is very hard earned and she doesnt want it being lost if a…
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remortgage or additional borrowing
hi, my mortgage is currently £40,000 i need to borrow a further £35,000 to pay off debts and a wedding. I was thinking of remortgaging but my bank says additional borrowing Whats your thoughts
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early repayment charge waiver????
hi, i currently have a mortgage with norrthern rock and just received a letter stating i get my erc waivered why?????? i have a 20yr repayment mortgage fixed for 15yrs @ 5.79 which began mar 07. currently have 130k left to pay in the term. would it be beneficial to switch or just stay where i am as i know what i pay every…
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Advice on BTL mortgage needed.
OK situation is that DD moved abroad 5 years ago and has a flat in Scotland. Been let fine with a buy to let mortgage with The Mortgage Company, Nationwide? They want to raise more money on the flat, making under 75% total loan but have been messed around for 8 months by a broker and now he says that the rules have changed…
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halifax mortgage how long after valuation do you recieve offer of mortgage
Had a valuation 10 days ago and recieved the valuation report within a week, how long does it take before you get the offer of mortgage. Thankyou
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Paid off interest only mortgage, but mortgage company have cashed our endowment
Why do things like this happen on a Saturday when you can't speak to anyone on the phone! We recently moved house and paid off the interest only mortgage in full. then contacted our endowment company to request a cash in. This morning the endowment company have sent a letter saying that the mortgage company have cashed in…
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Egg Mortgages sold to Yorkshire Building Society
Can't find this mentioned anywhere so maybe I'm the only person on MSE affected ;) ? I'm currently paying 1.49% with Egg, which is linked to the Bank base rate, but YBS's SVR is 4.99% :eek:. Not sure how that fits with the message on Egg's site: Will Yorkshire Building Society honour my interest rates? Yorkshire Building…
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Remortgage Survey undervalued Home so lost out on low interest mortgage
Hi, I may 2011, my old fixed mortgage which i had ported from my previous property was coming to an end. I therefore was looking at getting a low rate tracker or fixing again. The value of this mortgage was just under £80K. I have another mortgage (through the same lender, Chelsea BS) worth £40K on my brand new property i…
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Buying a Property for Son - Pros + Cons
Hi Son rents a property and currently pays £550 pcm. We were thinking, would it be worthwhile us buying a property in that area (about 80 miles from us) that he were to live in but instead of paying rent, he gives us that money and we use it to pay towards the mortgage. Is this feasible? Are there any pitfalls (probably…
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Over performing Endowment - YES
Yes this is so. I have two Endowments. One has just matured (the main one) and has under performed. Nothing new there. However my other one which is for a far smaller amount has more than doubled! When I checked on this some years ago, when the 'letters' fell to our floors and destroyed our lives, I was given the option to…
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Where to start?
Hope some of you can help with this one. My Dad has sold his house and is looking to downsize. He has seen a flat for 120k. He is 60. He can raise 30k as a deposit. He needs to borrow 90k. He has an income but it is mainly from disability benefit and from a small pension. It comes to 1300 p/m. In 5 years time he will also…
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Consent to let
Hi, I am a new landlord with a tenant coming in next week through a letting agent. I do not have consent to let as my mortage company wouldn't grant it and they do not do buy to let mortgages. What they have said that they won't be cancelling my agreement or expecting me to pay off the mortgage instead is that they will…
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BTL - Tax relief on my mortgage if its on my own home?
Could someone clarrify that I'm right (could cry if I'm not!). I remortgaged my home to buy a flat to rent out. I now have a flat which is mortgage free and is rented out. My own home has an interest only mortgage on it. (the mortgage company are ware of all this) I have 2 questions: 1. the most important one is - can I…
