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How concerning is the Section 20 issue?
Hi there, I'm a new poster and this is my first post so apologies if I've made any mistakes. I'm a first-time buyer contemplating a leasehold council flat and a lot of friends are saying the Section 20 issue would completely put them off. I don't know much about it or how impacting it could possibly be. Any comments or…
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2yr or 5yr
Hello Current Natwest mortgage comes to an end in June and am really stuck as to what to choose. We have decided to fix but do we go for Natwest 2yr = 3.25% or 5yr = 3.95%. Any advice would be greatly appreciated. Thanks
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Paid a non-refundable product fee, and now house purchase has fell through
Hi, We took out a mortgage with Natwest, which required a £999 non-refundable product fee. This was not paid upfront, but rather added to the mortgage. The house purchase has fallen through however, due to the vendor we were buying off not being able to complete their purchase. Where does that leave us in terms of the…
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Help - where can I read up to check if I have been miss sold a mortgage
I signed up to a 5 year mortgage just as the economy went into meltdown. I was in a selling chain of selling my home and buying a new one. I ended up in my life long bank and signing up to a hellish mortgage with extorionate interest. Bottom line was if I didnt sign up to this product I was going to lose out as it was…
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How big is too big?
Hello all, I would like your opinions please. We are currently saving for a deposit with an aim to have a £50k deposit plus about £10-15k for for stamp duty, fees, moving cost etc etc. We have a combined income of £77K Now, are we crazy to be looking at applying for a mortgage of up to £300,000 (ideally lower but London is…
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Potential FTB
My situation is that I live in England about 400 miles from family and friends (over the Irish Sea!). I have been employed at the same company for over 3 years on temporary contracts, with my current contract ending in 2013 (more than likely to be extended after this as well). There have been no gaps in employment. I want…
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Repay credit
Hi all newbie here but cant find info anywhere on here basically we got our formal offer today for our mortgage through halifax set for completion on 29th june only problem is we are supposed to pay a loan off as part of affordability but the funds arn`t gonna be there for it till a few weeks after completion will the…
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First time buyer, 250k 85% LTV, decent credit, help please
Hi Guys! I have been a lurker for a while on the forum and finally buying a house. The house is priced at 248K and is in London. I am looking for an 85% LTV. I have good credit, but the only downside is that I am on a Tier 1 Visa (1.5 years left on visa). Eligible for ILR next month, but I need to close the deal now. Could…
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Mortgage on 2nd House for short time
Is it possible to get a 2nd mortgage for a house that needs work doing to it if we could prove that we could make the payments for a set amount of time. Therefore we could live in our current house. paying our current and new mortgage, while work is done to our new house then sell ours when we move out. I realise that…
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Shared ownership mortgages
Hi all, Wondering if any of you could help with advice.... I've been priced out of my current flat in East London thanks to the Olympics and my landlord being very greedy, and I'm trying to get onto the property ladder with a shared ownership scheme. My problem is, I work freelance on short term contracts (but not fulle…
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Mortgage on a house bought with cash.
I bought a house last year for cash at £78,000. I now want to purchase a second house to rent the rooms out and also for somewhere for me to stay on occasions as it is nearer my work. The value of my current property is around £120,000. Is it possible to get a mortgage of £60,000 to use as a deposit for the buy to let? The…
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Withdrawn Product!!!
Hi, New poster here. I've just been told that the mortage that we were offered in principle has been withdrawn by the building society (saffron walden 95%). We are first time buyers All the paperwork had been done and they had even take £500 arrangement fee from my bank account. Is this legal? It leave me and my family in…
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Advice for new Mortgage when you have a bad credit rating?
Hi all I would really be grateful for anyone's help. My husband and I have an awful credit scoring doe to previous problems we have had, although we are resolving this and trying to repay everything, our fixed mortgage rate is coming to an end. I have spoken to a broker about changing the mortgage but because of our credit…
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MSE News: Interest-only mortgages on critical list as Co-op pulls plug
This is the discussion thread for the following MSE News Story: "The squeeze on interest-only mortgages continued as a major lender announced plans to withdraw its range ..." Read the full story: Interest-only mortgages on critical list as Co-op pulls plug
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Natwest Mortgage full Application
I am a FTB with 30% deposit. I have an appointment to do a full application with Natwest on Saturday. I have been told to bring my last three months payslip. I previously had a AIP from Halifax but decided to go with Natwest both of which I have banked with. Has anyone taken out a full mortgage application with Natwest…
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Can i find out what property someone owns without knowing addresses?
Hi, i have been going through the csa for the past ten years trying to get my daughters father to pay something towards her upkeep. During that time i have gone on land registry to print of Deeds of properties that i know he owns outright with no mortgage, upto yet there are 3 that i am aware of. I have sent theses off to…
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Halifax Mortgage and Salary Query
Hi Just applied for a mortgage with Halifax after their 'pre-approval' of the application, I explicitly queried the fact that part of my salary (as i'm in the RAF) was flying pay and would they accept this - they said it wouldn't be a problem - so with that I've applied. Having sent over the payslip they are now quering…
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Getting property valued again
Hi, This may be a stupid question but i need someone that knows what they are talking about to tell me why!!! :) I bought a house approx 4 years ago for 110% of the value 105% of that was put on a mortgage and 10% was paid. (needless to say this was when mortgages were given to anyone) Anyway the original mortgage was a 3…
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Re mortgage for divorce at 58
Hi Can anyone help I need to raise 75k to stay in my house due to divorce what options do I have? If I remortgage I will have just over 11 years before 70 the property is paid for (value £185000) I presume perfect credit history,Earn 40k per yr,And will have before 70 cash to pay off the mortgage (from pension lump sum…
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Good mortgage calculators
Hi I'm looking to take out a fixed rate interest only mortgage. My problem is that I was looking to overpay it enough so that I was treating it like a captial repayment mortgage but when money got tight (like when baby goes to nursery, and then baby number 2 comes and then goes to nursery etc etc you get the picture) I…
