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Exchange to completion monies
Hello, Slightly confused. Have done the 10% of price exchange contract transfer. What I am not sure is what happens next. My solicitor seems to think that only one of us needs to be there to sign anything, but everywhere I read that papers have to be read through and signed. Is this right? That exchange through to…
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Crystal Ball Please
Hi, Ok, so it's not so easy to predict the future. However, at the moment, I would have about 25k equity in my house (that's being realistic and bearing in mind that the selling pries are a fair bit lower than the asking prices). I want to move within 2 years to a house that would cost about 250k in todays market (so as to…
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Santander Paymentcare policy
Hello I have been paying into my payment care for what I thought was sickness and unemployment. I pay around 35.00 a month. I recentley had a back operation and tried to call to be told "NO YOU DO NOT HAVE COVER"!! I asked for a manager because I can remember talking to the lady on the phone asking did I want to cover my…
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Buying without Estate Agent
How does this work? I am buying a house from a best friend.....so do not want to pay estate fees Also, if I have already given them a deposit (I am owed 20k)....how does this work with the solicitors and lenders? Thanks in Advance,
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Advice - buy vs continue renting
Hi All I'm looking for some advice - all is welcome! I'm currently renting with a partner, but will soon move into my own place (which can accommodate me and our two dogs). As a result my expenses are going to go up quite a bit as I'll probably be in a two bed house on my own as I don't know anyone I could share with and…
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Declined mortgage - AGAIN
Hi All, Not sure if this is the right place to voice this but I am in desperate need of advice. I applied for a mortgage in January earlier this year and was declined for a missed payment in Aug 2010. They told me to wait until Experian didn’t have this on their record (12 months) which I did. So I applied for this earlier…
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Halifax Additional Borrowing - Please Help!
I'm looking to apply to Halifax for some additional borrowing on my mortgage, currently the mortgage stands at £63,000 Interest Only over 13 years! The property is worth around £320,000 - plenty of Equity left! Am looking to release around £50k on this particular mortgage to pay off a credit card (£15k) and do some home…
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Offer from Santander
We're looking to move our mortgage over to Santander, since they waive the early repayment penalty for existing A&L customers on our current mortgage, which would otherwise still be tied into. We've got 40% equity in our house at the moment, and the size of our current mortgage is just under £300k. Out of the products…
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Remortgage hassles.
Hi. I am currently going through with a remortgage via a broker. I have a pretty good LTV of about 50% so have been offered a pretty good deal with my current lender for a 5 year fixed. He has beaten that quote by about £20 per month but it is a flexi mortgage which tracks the base rate. I know very little about mortgages…
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Renting my appartment but lender said no
Me and my husband have a mortgage on a one bedroom apartment. We are expecting our first child in December and wrote to our mortgage company to ask their permission for us to rent out our apartment and we need to move for more space but they said no. I'm getting really stressed as I don't know what our options are. Can…
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Buying out one parent from family home
My parents are legally separated and my father is willing to sell me his 50% of the family home at a discounted rate, to help me get on the ladder seeing as mum does not want to move. There is no outstanding mortgage on the property. House value - 330k 50% purchase - 100k My salary - 28k My age - 29 Mum's salary - 25k Mums…
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Allied Dunbar.
When I bought my first property in 1985 I took out a 100% mortgage with a building society, within a year I was 'visited' by a mortgage salesman from Allied Dunbar, I was young and naive and signed up for a mortgage that had two accounts, one where I paid a lower interest rate than the standard variable, and the other that…
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Mortgage final offer
Hi All, We accepted an offer on our house over 6 weeks ago now and are lucky that there is only 3 families in the chain. The couple that's buying our house have not got a property to sell...BUT...28 working days today their lender ( who was found through a Financial Advisor) had a valuation done on our house and the report…
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Using £ from other property
Can anyone advise please? We currently own our property and want to rent this out and buy another (with a mortgage). Can we use the equity from the owned property firstly as a deposit and secondly take the £ out for the stamp duty? Or is there a way of freeing up from it to pay the stamp duty?? Any advice would be greatly…
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prudential won't pay out; no common sense.
My wife and I have an endowment policy with the Prudential that after 25 years has come to maturity. We live in South Africa and have been here four years. The policy is the second of 2, the first being paid in 2009. The policy is a little more than 6000 pounds, it should have been paid out in mid July (13th ? ) but we did…
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85% LTV Buy to Let mortgage?
Does anyone offer one? Long term tenant with good income...
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Are we likely to be refused?
Forgive my ignorance, i have absolutely no clue how mortgages or any of the house buying malarky works at the minute lol. We have been told we "can" have a mortgage for up to £70k, and are viewing a house later and hoping to put in an offer. We have a min 45% of the value as a deposit if we offer the full asking price…
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Mortgage on only benefits?
Can you remortgage on a property with only benfits as an income as having disabled child?
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Payment of mortgage fees / ERC
My husband and I are about to do our first remortgage. We have an ERC on our current mortgage, and a product fee on the new mortgage. We don't want to add these fees to the new mortgage as it's cheaper to pay them separately. I currently have a 0% credit card with Tesco points. Does anyone know whether you can pay this…
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Trying to downsize
This is my first post here - I've found this site very interesting and informative. However, I do have a bit of a problem and maybe someone might be able to advise me. I'm 63 and retired, my husband is 55 and is looking to retire in five years time (hopefully). We currently have an interest-only mortgage of £130k that has…
