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Transfer of Equity - Question from lender
I hope someone can offer some advice please. I am currently going through the transfer of equity on a property jointly owned by myself and a previous partner. Its all amicable and the lender is halfway through the process and has approved my earnings etc. I received a letter from the lender asking for confirmation of how I…
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Save to buy Accounts
Hi, Does anyone "in the know" know of some save to buy accounts I could have a look into. I'm not a first time buyer though. Are there any out there. Thanks
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Mortgage Application/Credit File Advice
Hi All First post so be gentle.. Bit of background.. Myself and my partner are planning on moving home soon (speeded up by the arrival of our son) and I have in the last couple of days paid off both my credit cards and closed one of the accounts. Total of £4k. We are also hoping to pay off the outstanding balance due on…
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FTB Mortgage Worries
Hey all, first post for a bit of info/put mind to rest/share with others. My Wife and I have had an offer accepted for a house £87500 (AIP from Abbey of £90k, before offers went in). The deposit is £8750 (10%) and via a broker have had full application approved from Abbey (fixed for 2 years), subject to being underwritten…
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London & Country Brokers
I currently have a mortgage with Bank Of Ireland,last December i was put in touch with London & Country with a view to remortgaging. They phoned me up and offered to see if they could find me a better deal than i'm currently on,during the coversation it was pointed out that B.O.I would pay me a £1k incentive to take my…
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Should i wait to buy on store card?
Sorry if this is in the wrong place but it's my first ever post so i'm a bit lost... Me and my other half are in the process of buying our first home. We have had our mortgage in principal accepted and are in the middle of the full application stage. We have been told it should be about 2-3 weeks for completion. There are…
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Additional funds on mortgage
Hi We are planning to convert our garage for our disabled son we have planning permission and have approached the building society to apply for additional borrowing on our mortgage our house was valued at 145K and currently owe 77K we applied for 50K and were told maximum we could borrow based on my partners 43K salary and…
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What are our options?
We really need to move house to a different area to be nearer to family. We have had our house valued at 150k expecting to achieve 140k-145k. Our outstanding mortgage is 137k and is at the end of the term so we aren't tied in. It is portable. We have no savings so is our only option to rent? If we achieve 145k we would…
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Coming to end of 2 year fix ...
Slightly odd one here: I got my property in June 2010. Mortgage of £252K with Woolwich through L&C on a 2 year fix at 2.98%, post-fix Barclays base rate plus a percentage. Recently Woolwich wrote to me telling me that my fix was coming to an end, and my rate would be going up to 3.49% or 3.99% (I can't remember which and…
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Selling a large house and investing in two to fund pension
My wife and I are considering selling our rather large house to buy a smaller one for our own use and a second one to support our pensions (we are close to, but not quite at retirement age). What are the pitfalls and benefits of buying a second property for this purpose?
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First Timer
Hi, New to the community and looking for some help as I'm jumping head first into buying a house due to circumstances which will be explained further in the post. The house is from a relative who is due to have the house repossessed and she's willing to let it go for what she owes on it which is £45,000 less that what it…
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Advice on Position
Good Afternoon I am looking for some advice over our current position. My Partner has a good credit history, earns 13k p/a and is currently on maternity pay. I have two default's on my account one is dated 1/9/10 for £1,141 and was satisfied on the 31/01/2011. The second is currently being argued, I have had it…
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Santander Mortgage
Ok then the situation at the moment? 1. The Euro is going to collapse. 2. If then Santander (spain then were to collapse, which it is possible). 3. By some remarkable situation allows, (Santander Uk, were to go under). 4. Santander Mortgages/Loans would then be sold. If in this ridiculous instance would I be able to…
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HSBC Agreement in principle but...
I have an agreement in principle with HSBC to buy a property for £283k (which we have had an offer accepted on). We passed the initial credit checks but reading more and more I am now getting nervous ahead of my mortgage meeting/formal application this Friday. My girlfriend and I are first time buyers. We have a deposit of…
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Selling an endowment
Looking at selling or surrendering my endowment and wondered if anyone had any recommendations for companies who buy endowments. It's a with profits, ex Scottish Provident, just over 3 years to run, surrender value very slightly more than sum guaranteed + bonuses (not had any for years). I know there could be a terminal…
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Mortgage porting - not sure if i understand correctly!
Hi folks we are looking at moving house and have considered mortgage porting as an option (the mortgage is portable). However I cannot get my head around this is the following example correct. We own house 1 and have 90,000 outstanding on the mortgage. We are looking at house 2 which has a purchase price of 175,000.…
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Fees for coming off joint mortgage
My husband and I are separating. He wants to stay in the house and take on the mortgage. I am happy with this and we're trying to keep it all amicable. I've spoken with the bank for my own clarity and they have confirmed there is a smallish admin fee for the transfer of title. Other than that the bank don't appear to want…
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Lenders who take average of last 4 (not 3 years)?
I'll be getting a new mortgage soon, with a LTV of around 36% (I hope I calculated that right - £100K loan to £275K value). As a self-employed person (well, technically an employed director, but I have a low salary plus dividends) I understand that most lenders take an average of my last 3 years earnings. Unfortunately, 3…
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remortgaging and then porting
Hi I currently have a property I have refurbished and put on the market for 160k, the current mortgage is 100k with no penalty for repayment. Can I remortgage it on another fixed term at a 70% rate for a few years and then port it when I sell to fund another purchase on a 300k property with a 10% deposit?
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Not being to able to afford mortgage balance
Hi I'm just after some advice on my situation and would really appreciate any. Currently I'm single and live with my teenage son in a mortgaged flat which was purchased off the council 5 years ago on the right to buy scheme. I have adverse credit for defaults and unsecured debt for approx £12,500 which is curently paid…
