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Remortgage Advice - LTV
Just a quick question. We are just coming to the end of our first fixed deal in a few months and looking at potentially remortgaging. I am just wondering who decides on the current value of the property and how we find this out for mortgage purposes as we looking at new deals as this obviously affects the LTV? We bought…
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Looking to remortgage
Hi all new user this site and wondered if anybody could give me some advise? Luckily at the moment I am residing with family and friends... I have a flat that has an approx value of 115k that I have let out to tenants for the last eighteen months, the outstanding mortgage is 40k. All the income minus allowable expenses are…
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Please help: house purchase - no completion certificate?
Hi all, this is my first post on the forum: here goes-: Myself and partner are in the process of buying our first house, the property we are buying has been extended and has all relevant planning in place and granted but has not been finished internally and has been inspected recently upto pre plaster stage. We are aware…
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First time buyer worried about mortgage
Hello, I have followed all of the steps listed in the mortgage guide, updated all my address's on old accounts, closed any open but unused, got on the electorial role and so forth. Not only that but i have a perfect credit history all repayments on time none missed. With all this combined my experian score is 990 which is…
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Buy out friend from Joint Mortgage
Hi, I own a house with a friend on a joint mortgage. It is currently worth around 210k with 186k left on the mortgage. We both put 6.5k down as a deposit. We have owned the house for 2 years. We both have a 50% share in the property. What is correct procedure in buying him out? How do I calculate how much I pay him??…
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legal cost for altering names on mortgage
Good Evening, My bank are transferring our joint mortgage into my husband's sole responsibility. Is it possible for me to save solicitor's fees for this name change by drafting my own letters? What is the procedure and can I save money by organising any of it myself? It occurs to me that at one point my bank refused to…
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Mortgage Audit after completion?
We completed our House purchase a while ago without any problems, and today I got a call from our Broker asking a few questions that the Mortgage Provider had put to him relating to our applications, as part of an Audit. We have nothing to hide or fear, but it got me thinking. What could they do if they found a problem?…
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when best to complete a mortgage
hi all to avoid the broken interest that the banks charge on your first payment, if I plan say to pay my mortgage on the first of each month, is it best to complete the mortgage at the end of the month ?
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No obligation to clear credit card balance?
I recently received a mortgage offer, from the Halifax, through a broker that I suspect is a bit dubious. The offer states, in the conditions, that I have agreed to re-pay all or some of the credit card balances I have at the moment but they do not specify an amount. I asked the broker what would be the minimum they expect…
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Contractor and mortgage
We are first time buyers. My partner is an engineer and after working for the same company he was made redundant and started his own company and is now a contractor. He has been a contractor for almost two years and his first year books have been completed. I have been working at the hospital for the last 6 years. We are…
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Do we really need a will?
Hello! wasn't quite sure where to put this.. ...my husband and I are recently married and have just had an offer accepted on a house. We're now going through the whole mortgage process and the conveyancer is trying to flog us a will at £250. Do we really need one? We have no kids, it would be a very simple 'if one of us…
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Nationwide - What is going on guys...
Hello, My moan is as follows... Branch mortgage application done last week. Everything was "OK" and valuation was pencilled in for Monday. Get a text message on Monday saying its going to be done on Tuesday. Valuation was done and dusted yesterday and thought I would ring them up today and see how they got on. Mortgage…
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Gifted Deposit from parents - liklihood of getting a mortgage?
Hi, I was hoping for some preliminary advice before I got a broker in. This is the story: I moved from my last house and couldnt sell it so I rent it out. My parents (very kindly) bought the house we wanted for us, as we intended to buy it from them this year when dh's credit score would be clear. We got a good deal on…
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Mortgage Advise
Hi All, Just after a bit of advise please. My husband & I want to buy a house together, we currently live in his house mortgage in his name. I moved in when we got together, at the time I had my own house & because I could not sell it I rent it out. I still own this property & have no intention of selling at the moment,…
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Early Deposit?
We are one (two?) of those FTBs who are nightmares to sell to because ING are taking their sweet time over getting a survey scheduled in. Understandably my sellers are getting very impatient (the place they want to buy is empty - it is so ironic that there is no chain!) Today our EA passed on a message from them suggesting…
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Struggling to find a Mortgage
Hi All My brother and I are interested in Investing in a buy-to-let property however we are yet to find a lender who will provide us with a mortgage due to our slightly unusual circumstances. We both work and bank offshore and although we do not have to pay tax due to being out of the country for 11 months of the year we…
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Save towards deposit or pay off credit card?
Hi all not sure if I should post this here or the debt free section but here goes. I've decided to start saving for a house deposit. I've currently got 1,500 saved up and can afford to save between 1,200-1,500 a month depending on other bills as well as paying 300 off my 5,000 credit card debt. The credit card debt is 23…
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TMB (Halifax) - Interest-only swapped to repayment
Hi Folks, Around 2000 I took out a self-cert interest-only mortgage with TMB (a division of Halifax). I increased the mortgage around 2005 to pay for an extension. Around 2008 my finances improved so I asked TMB to convert to paying the mortgage as a repayment mortgage - they just said yes and upped my monthly payment…
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Standard Life - Error in calculation. MEP Remediation.
Hello, I had a Homeplan endowment policy with Standard Life and I was paid in Feb 2008. Now in 2013 (5 years after the final amount was paid) I received an unexpected letter through the post saying I am entitled to £25.00. The letter states that "the payment paid to me included an amount in respect of the mortgage…
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Mortgage Help Please
If anyone can help or offer advice I would be very grateful. We have a mortgage with HSBC that has run out so we are on SVR. Can we just ask to move to another product that would work out cheaper and it just happens? No questions asked! I'm asking because our financial situation is different from when we were first given…
