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refused mortgage - help please!!
hi, im hoping someone can help point me in the right direction. Our current landlord has decided to sell the house we rent, and have given myself and partner first refusal. i spoke to a mortgage advisor who managed to get a decision in principal from the Halifax. I paid for a valuation/homebuyers survey. but have just…
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Fixed vs tracker
I'm so sorry if this is a really stupid basic question... but we are moving onto a new mortgage product and have been offered 2 trackers (2 yrs and 3 yrs) and 3 fixed (2,3 and 4 yrs). Obviously the interest rate is lowest on the shortest term tracker (3.09). The 3 year fixed is 3.79 (lower than the product we have just…
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Mortgage Application Advice Please!
Evening All, Hopefully someone out there will be able to advise me on the following scenario. My wife and I have very recently sold our property and are looking to buy a new place in the next few weeks. The mortagage for our current place was in my wife's name as she bought it before we were married. The next mortgage will…
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rent house, ways to buy/own
hi am looking for some quick basic advice. A relative purchased house before emergrating to Australia. The idea was i couldnt get a mortgage and they wanted to invest in property for retirment, pre crash of course. The plan was when i was able i would purchase the house from them for the market price. The whole plan has…
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Declined mortgage - When is it safe to try again?
Hello, Me and my partner were advised by a financial advisor to apply jointly for a mortgage.... DECLINED! He doesnt have 3 years books and has £3000 debt, with 3 late repayments. I however have no debt, a good credit rating with one old late repayment. As we have been declined jointly - should I try on my own, with the…
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possession Order
a bit of advice please regarding a 'Possession Order' please Guys? had a hearing on the 5th April at a County Court & it has been adjourned for 28 days. The reason the District judge has adjourned was due to a misunderstanding of my Earnings by the Lender for example on my Bank Statements it would show a payment by Cheque…
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Childcare costs preventing us from moving
Hi, The wife and I are looking to move up the housing ladder having bought our modest 2 bed terraced house in 2005. We have a little sprog who is 15 months and in full time Childcare. Basically we need move space so are looking for a 3 bed, particular before sprog no. 2 appears into our world... Not on the horizon yet I…
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Monthly Mortgage Amount Advice
Hi Everyone I am after a bit of advice, i am wanting to know what the maximum i should i pay out of my and my wifes net income on a mortgage per month. We currently pick up around £3900 (net) per month between us and we both have fairly (as it can be) secure jobs (teacher, and work for a major water utilities company). i…
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Paying extra on your mortgage. When does it become worth it?
For example - paying £40 per month extra on a £94k mortgage with 16 years to run - only reduces the term by 2 months! Surely there is no point in paying the extra £7,680 when you will only be saving around £1,400 for the 2 months you will be losing? I based this on a YBS mortgage with a fixed rate of 3.79% - and this was…
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Voluntary surrender of property
Hi Guys, Really after some advice on my situation. I have been separated for over a year from my partner (other issues going on which are not relevant), but our mortgage is in joint names. Over the past year my solicitor has requested that my partner acknowledge her liability on the mortgage and other debts with no luck,…
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Help! selling house, buying another
Hello. can anyone help i purchased a house last year and have outstanding mortgage of 48000. If i wish to sell this now and move to a bigger house how do i go about this? am i locked in with this mortgage, it with stander and on a 4 year fix, what kind of early payment fee would it cost. or would they port the mortgage to…
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first time mortgage advice, urgent!
Hello, I am completely confused! I am a school teacher with a permanent job. I earn £25, 255 a year. My credit rating is good, with some old missed payments. My partner is self employed . We have a 5% deposit, which could be 10% at a push. We have a financial advisor on the case... So far he has applied for a mortgage in…
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Beadieye
I was contacted the other day by the company called beadieye saying that I may have been miss sold my mortgage as it was with future mortgage and was taken out in September 2005. I had all the paper work through today saying they are more than happy to help me with this, a small cost of 25% plus vat of any recovered…
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Fixed rate - not fixed payments!!
Have just been told by Halifax that although my mortgage rate with them is fixed (till later this year) the amount they can charge me isn't! As their variable rate has increased, the amount I owe over the term increases so they are putting up my payments. Of course I am disputing this. Can they really offer a two year…
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Need to move but stuck advice needed please
My mm and dad bought us a house (remortgaged my parents house to buy this) however we are having lots of problems in our new home and I don't know how much longer I can cope. We are all desperate to move (I know it seems ungrateful but really I'm not I am just at my wits end). We are in a 2 year fixed rate mortgage. My…
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Mortgage / income from lodgers query
Does anyone know if there are mortgage companies that will take into account the fact that there is a second person paying into the house without them officially being on the mortgage? I am aware that a few years ago there were companies that would take into account the fact that a room would be rented to a lodger for…
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Mortgage and addresses
Hi - I've been living on a houseboat for about four years and my wife and I are now thinking of buying a house, moving back to land. Because we haven't had a postbox over that period we've used various forwarding addresses to receive post (currently my parent's). I'm concerned that when it comes to the detail of mortgage…
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Overseas Mortgage
Hi Fantastic Intelligent people...! I was wandering if any one could help. We were thinking about buying a holiday family home in France that also has a potential to be rent out over the peek weeks of summer and we have seen a few properties that interest us. There would be about 10 adult family members who would want to…
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Mortgage for slight credit impairment
I have no CCJs or defaults, what I do have is missed payments on my credit card. These are sporadic and amount to in the region of 8 late payments over 6 years, four of these drop off my file this summer. I have not had a late payment now on any credit card for 18 months. I need a mortgage for £180k, my property is worth…
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Halifax... Really? Please Help
I have posted a request of help before and I genuinly do thank all that have offered it. I have adverse credit, over two years which has now been settled. Somehow a broker has managed to get me an AIP with Halifax and he says from AIP to completetion it is very rare something will go wrong. He wants me to go in, pay his…
