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Gifted deposit...is mortgage at risk?
Hi all. we are at the stage where we're very close to exchange on our first house, and have only just been asked for proof of funds for deposit. We were NEVER asked about source of deposit, not during mortgage application or by the solicitors. My mum has gifted us the deposit with no financial interest in the property, and…
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Retentions (Barclays specifically)
Currently I'm having "fun" with getting a mortgage on a grade 2 listed building due to a damp problem in the cellar. After reading around on this I decided to get a specialist damp surveyor in who specialises in older properties. The report I've got is excellent (many cores drilled in the wall etc) and recommends…
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Mortgage, age and disabled!
I am a 54 year old single mother who is finding things increasingly difficult at present. I was offered a bank loan last year to carry out some much needed home improvements and to consilidate some credit card loans. A month later my ex became unemployed and all maintenance money stopped and now things have become…
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Low offer
Hi, (also posted on the buying and selling forum but thought it might benefit from this one as well) I am trying to buy a house at the moment but the situation is that the sellers bought the house when the market was very buoyant and the price I am trying to buy it for is a lot less than the valuation and the offers over…
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Mortgage for flat over a pub...
A quick question for those with current experience of the mortgage market... Would any lenders consider a residential mortgage for a leasehold flat over a pub, and what LTV would they require? The building in question is actually a converted hotel. The ground floor has become a pub and shops, with flats above.…
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Mortgage with a default on credit file
Posted this yesterday in the debt free page, realised it would be much better in here. Currently in the process of getting a mortgage through Halifax. AIP agreed for 90% LTV, upon full application it has been referred to underwriters due to a default on my credit record dated 06/06/2010. I had no idea this existed, and…
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Old ING Direct Flexible Mortgage - Barclays takeover
Hi, I've got an Old ING Direct Flexible Mortgage that tracks 0.9% above the boe base rate for the life of the mortgage. I've contacted ING who have feedback that Barclays have currently said they will honour all previous agreements. But reading the documents they have sent today it states that within two years I may be…
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RSA/Phoenix homeplan surrender
Hi, I have just requested surrendering a policy with Phoenix and am awaiting the forms. I just wondered if anyone can advise me whether I am doing the right thing as the surrender value has gone up (since Feb 2012) by approx £6K, does this mean it is finally going to start achieving something or am I right to surrender and…
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Help with repossesion letter please
Hi Any advice welcome please! Last year me and my husband got made redundant within a month of each other. He found a job in Feb but the pay is ridiculously low which has meant we have got in mortgage arrears. Our house is worth 180k and we owe 45K and the mortgage arrears are now £3500 We have never been in arrears in the…
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Santander - Will offer me a repayment mortgage but won't tell me the interest rate
I have just spoken to Santander as my fixed rate on my interest only mortgage is due to end in 3 months(ish). The rates they have offered me aren't terribly competitive and due to various things it could be costly to change lenders so we feel we have to stay with them. We would like to start making overpayments/go on a…
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Signed contact yesterday...completing on Friday, what to do in meantime?
Besides finding gas and electric suppliers. We don't need removals booked. Anything else I should be organising before I'm tied up with the actual moving process?
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About to go under...?
Dear All, I'm new to this site, in a bizarre situation and in need of some sound advice if you can help. Where to begin... I'm a Yorkshire lad originally however moved to the wrong side of the Pennines (!) for a new job and to be with my (now ex) girlfriend. I started the job and we rented a lovely little flat for a year.…
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Right To Buy..Valuation
I have applied for a RTB my council flat, Would you accept the first valuatiion or would you arrange a second? If second valuation is higher than 1st..council stick to secon valuation Anyone purchased through RTB recently should I accept first offer or should I get a 2nd one done?? I ony sent the application today BTW so…
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Endowment advice
I've been mortgage free for the last 6 years, but still have the endowment which has been running for 15 years, with still 10 years left. The surrender value is 11K and monthly payments are £60. Now I want to free up some cash for some home improvements, and I'm not sure whether to cash it in or even sell to a broker if…
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Re-mortgage deals
Has anyone used Yorkshire Building society (YBS) for a Re-mortgage? I'm interested in a 75% LTV Re-mortgage. I seem to like the deal that YBS currently offers on Re-mortgage deals which includes Free standard valuation and Free Legal Service. Also let me know if you think there is a better deal than YBS's fix rate: 2.99%…
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Are we as safe as this email implies?
We have received this response from Halifax when exploring whether my partner being a contractor is an issue (we failed when going to Halifax through a estate agent mortgage advisor AFTER AIP)... Is it therefore a done deal from my side of things? _________________________________________ Hi David, You have officially…
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Nationwide Mortgage Advice
Hi Guys, I have had a mortgage for 4 years with Nationwide, its in joint name with a close friend. I have now bought his share of the house from him, paid him directly for the equity in the property. I myself have had defaults in the past, but never missed a payment on the mortgage. Also all my defaults have now been…
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How long does it take to get a valuer around?
Someone is buying our house, and has asked his mortgage broker to arrange for a valuer from the mortgage lender to come and value our house. How long does it usually take for someone to come over to value, does anyone know? Thanks
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More deposit cash or lower "other debts" - which is preferred by a lender?
Evening folks, Myself and partner are starting to try and plan our finances to allow us at some point in the not too dim and distant future to consider trying for a mortgage. Now I know that ideally one would have no other debts and a great big deposit however that is not going to be the case for quite some time…
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URGENT HELP NEEDED Mortgage may fall through
Please can someone help. Accord mortgages are asking for further evidence of earnings (mid year assessment) They have had two years P60s and 3 months bank statements showing pay going into my account. They weren't happy with the payslips that my employer provides, probably due to the fact its a small company I work for and…
