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Need a mortgage but just made redundant
About 7 weeks ago I found a flat that I wanted to put in an offer for after looking at over 40 properties this year. A couple of days later I was made redundant from work. I've now been offered a new job starting next week but its a 6 month contract, not permanent. I have £80k deposit and I want to offer £260k for the…
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Is there any hope?
A friend has had an offer on their house and it looks like its going well they have seen a house they like and an offer has been accepted, so far so good any ideas or suggestion I know they see a broker this week, I have told her am posting here, thanks
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Buy parents house. Help?
I was wondering if anyone can help to see if this plan is possible and if anyone can see any problems. My partner and I have recently had a child and live in an apartment and would like to move into a house with a garden etc. My parents have come up with an idea that they would like to move to a smaller place and have…
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10 Year fixed rate mortgages - starting to come back down
I'm keeping an interested eye on 10 year fixed rate mortgages as this is the product I'm thinking of remortgaging onto when my current deal runs out. They started to climb when the banks started to raise their SVR rates and when they started having their credit ratings cut, but now a bit of competition is creeping back…
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Buying parents house to rent back to them?
My parents owe about £100k on a mortgage and debts and have a house worth £140k. They are both 65 and my dad still works full time. I would like to help them by buying their house on an interest only mortgage over 25 years so the payments are small and mum and dad can pay this as rent to me and they can continue to live in…
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C&G nightmare - completion at risk
Hi and wonder if anyone can help me or has any inside info... Accepted offer just under 8 weeks ago on our house. Our mortgage offer with HSBC is through fine and we are ready to exchange. Completion is supposed to be this Thursday!!!! Our buyer still hasn't got a mortgage offer. They said (c&g that is) 6 days ago they had…
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How much do dependents affect mortgage affordability?
Just a theoretical question really (for future planning!) ... If a mortgage applicant were to have children, how much would it affect what mortgage providers are willing to lend as opposed to a childless application? For argument's sake, based on the following figures: House price: £165,000 Deposit: £26,000 Salary: £38,500…
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Odd phone call
Just had a phone call from (it sounded like) Norton Accord 01772 806586. They had my first initial and surname, and said that they've been told that the Council of Lenders that up to 1 in 5 mortgages have been mis-sold, and that they're calling people who have taken out mortgages in the last 7 years to check whether…
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Joint mortgage whilst selling - what are my rights?
Hi there, was wondering if anyone could offer some advice. I bought a house with my ex-partner in December 2006. We split up in August 2008, and after a few awkward months, we came to some agreement to enable me to move out and house share with a friend, me paying a small contribution towards the mortgage (around 15% of…
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Challenging a Valuation
We are with RBS and had our property (detached bungalow) valued by them (at a cost of £250) in January 2012. The house valuation came as £215,000. We have since done some extensive works that has added a reception room (with very expensive glass dome roof) increased the size of the bathroom and full new high end suite. Had…
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Nationwide completion after AIP
I have an agreement in principle for my remortgage with Nationwide but my current fixed rate doesn't end until 31/10. I know that the AIP only holds for three months so will I be able to complete everything but have a transfer date of 31/10? I hope so, in hindsight I should have waited a few weeks but was anxious to get…
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Mortgage offer ran out/now declined on affordability
Our mortgage offer on a house we are purchasing recently ran out due to an issue with our current property's deeds. We had to fix a problem with incorrect garage showing on our deeds which took a while to rectify. There has been a huge catalogue of errors for us stemming from the deed errors (which should of been noticed),…
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Mortgage offer ran out/now declined on affordability
Our mortgage offer on a house we are purchasing recently ran out due to an issue with our current property's deeds. We had to fix a problem with an incorrect garage showing on our deeds which took a while to rectify. There has been a huge catalogue of errors for us stemming from the deed errors (which should of been…
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HIP Pack - Where do i stand?
After two failed relationships and 4 years on the market, i have finally sold my House! :) However i have just been called by my lovely estate agents ( :rotfl:) to say upon sale i will owe them £399 +vat for the HIP pack that i had to take out at the time of sale. Unfortunately i signed a contract with my ex 4 years ago,…
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which mortgage? halifax rip off?
my and my partner have salary £20k each so £40k income before tax. student loans about £30 each so £60 pcm Credit cards abouts 200 per month each. We are getting help of £100k from parents so need about £80k mortgage as house is around £180-190k . We bank with halifax so went there and asked for a fixed 80k mortgage , £2k…
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endowment (critical illness)
approx 2yrs ago switched my mortgage to straight repayment, but kept my endowment running. my health state is not good and policy is covered with critical illness. now my mortgage is straight repayment if policy pays out would i recieve whole money or would part be taken to cover mortgage. cheers m.
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Mortgage offers
Just wondering how long is a mortgage offer normally valid? A friend was made an offer in late November 2011. Will the offer still be valid or will the Building Society carry out a revised valuation?
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Mortgage Application and Tax Credit award letter help
Hi folks, Looking for a bit of advice regarding our tax credit award letter. Been to see two separate brokers who have both suggested we try obtain an AIP from Halifax as they will definitely accept tax credits as income. The tax credits were a joint claim so when the letters arrived both mine and my partners names were…
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HSBC/FirstDirect mortgages
Hi, I'm a FTB looking for a mortgage, with a 90% LTV. It looks like our best option would be to fix for as long as possible as I can only see interest rates going up in the next few years. The best deal I've found so far is with HSBC, who are currently doing a 5-year fix at 4.79% (£999 fee.) However, I've heard bad things…
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Remortgaging survey problems
Hello, I was wondering if anyone can offer advice? We're in the process of remortgaging with First Direct. They carried out a standard valuation and have requested a structural engineer's report (SER) as the surveyor was worried about cracks in a wall on our house. We bought the house 2 years ago and had a more extensive…
