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Valuation survey
Could someone please explain how these surveys work. Are they still strict with them like they were 2 years ago? How do they know what a property is actually worth - where do they base their figures from if every house is different?
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Commercial Mortgage Help
Hi Everyone, I'm looking for some help and advice on commercial properties. I've found a pub for sale at £375k and have it confirmed we could get it for £325k. Have no interest in the pub but to change it back into residential house. We know all the other pubs in the area have been granted the permission. Looking to run it…
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BTL Mortgage
Hi, I am hoping to take out a BTL mortgage. Please could someone give me a bit of advice how long it takes & what I need to provide. Obviously I have I.D, last 2 years wage slips (earn £30k pa) and techinically have a 25%-30% deposit (please see thread below re BTL deposit how as to how real this deposit actually is in the…
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Mortgage guarantor or with partner with default
Hi there, I hope you can help. My partner has a default settled feb 2010 but listed as being settled oct 2010 which is something we are trying to get rectified. Both otherwise impeccable credit file and actually partner has full score. the default was registered on an incorrect house number (they must have mistyped by one…
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Transfer of equity question/divorce
Grateful for ANY advice please: Will try and keep it simple. My wife and i are divorcing.She has agreed to let me keep house and i will give her some money.So far so good(no kids involved) Problem i have is that the Mortgage is in joint names and her name is on title deeds.Again no problem as she has agreed as stated…
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Afraid to take the leap
We currently live in a small semi and our mortgage is miniscule because we have had the house for a number of years. We have now saved enough money to either pay that mortgage off or have a decent deposit for a bigger house. We don't love the layout of the house we are in now - there is no dining room or off street parking…
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Endowment maturity
Hi All I have an endowment which is pre-regulation (April 1987) and is due to mature next month. I have received a letter from the endowment holder, Phoenix Life, that states an estimated maturity value and as I have known for some time, is due to have a shortfall of some £8,000 over the amount it was initially set up to…
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BTL Deposit
Hi, I am wondering if someone can help. My grandmother wants to give me my inheritence now (around £25k) but it's all tied up in her house but she's looking to sell up and move to a sheltered accom place this year. I want to buy her house from her and let it out as it's in an excellent part of town, done up nice and would…
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Mortgage offer waiting time? Northern Rock
Hi, On 24th of feb we applied for a mortgage with northern rock and the valuation report was requested by them and sent on the 8th of March. On the 17th of March they approved this valuation and sent the case for 'final review'. We have still not received an offer of a mortgage. Im getting a bit worried as other friends…
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Mortgage after IVA?
Husband and I had an interlocking IVA which was taken out in August 2008 and ended with a full and final in December 2011. We would dearly like to own our home again one day but I'm wondering if this is ever going to happen. Bad stuff - obviously the IVA has clobbered our credit rating and sadly we lost our home back in…
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Mortgage Chances With a CCJ?
Hi everyone, Can you let me know what you think of my chances of getting a mortgage in this situation? I have a large deposit and an otherwise good credit rating, but do have a mortgage-related CCJ against me. The good stuff: Purchase price £210k 15% LTV - £30k mortgage required Salary £40k Experian score 962 The bad…
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Tax implications of a HBOS staff mortgage
In Febuary 2010 I took out an interest only HBoS staff mortgage for £193,166 for a term of 13 years. The mortgage was split by £156,600 being charged at Bank od England base rate of 0.5% and £36,566 charged at the standard variable rate of 5.19%. I would like to know if you think I have been mis-sold this mortgage because…
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MSE News: RBS and Natwest demand £50k salary for interest-only mortgages
This is the discussion thread for the following MSE News Story: "The pair are the latest in a long line of providers restricting access to interest-only mortgages..." Read the full story: RBS and Natwest demand £50k salary for interest-only mortgages
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Mortgage application
I currently have an offer on my property and am in process of applying for a mortgage for another property Is it possible to apply for new mortgage without my partner on the application as his employment circumstances have changed? Secondly, i am currently off work sick and my pay slips show employer sick pay on them. Do i…
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Post Office Mortgage overpayments? Please help
Any advice please on what to do. I have a mortgage with the Post office that is 5 year fixed rate (Bank of Ireland). I am one year into the mortgage and was hoping to make overpayments on the mortgage so that it will be easier to reduce the term of the mortgage when our fixed rate period is up and reduce overall interest…
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Refused mortgage for bad credit, anything I can do?
Hi all I've been visiting this site for a long time but the time has come to post my own question! My situation is this: 7 years ago I went bankrupt. 6 Years ago the bankruptcy was discharged. 5 Years ago I was able to open my own bank account, get a debit card and a cheque book and was even offered a credit card but I…
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Breach of Terms and Conditions ??
I'd be grateful for any advice about our situation We are considering offering to put up some friends (with 1 son) during term time who work in the school next door - possibly only for a few months - as their main residence is in Ireland Someone mentioned we should check with our mortgage company (First Direct offset -…
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Repayment or Overpay?
Hello all. Just after a little bit of advice. I currently have an IO together mortgage, with n-ram and am now finally in a position whereby I can afford to move it to a repayment mortgage. My question is whether it is better to switch to repayment or simply make overpayments in the amount that the difference between IO and…
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Barclay's/Woolwich: Various 'Goalpost moving' FOS Issues: Anyone had the same?
Hi All I have a few issues with Barclay's/Woolwich Offset Mortgage that is now with the FOS. I have already had another MSE member contact me. The issues are (without going into big detail) that they moved the goalposts on several things causing me expense and hassle. 1. Originally I was advised that I could overpay (Not…
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50k mortgage with a default on my credit file? Advice wanted.
Hope all you experts on here may be able to help me!
