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Can I come out a fixed deal ?
We are in a fixed deal but its at 5.89% and its for another 3 years can I get out of it by paying a fee ? It's with Halifax ?
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Extending the mortgage
Hi there Myself and hubby viewed a house on saturday which we absolutely loved. It is on the market for £150K We bought our current home for £150K 18 months ago. It is a new build and we did a shared equity scheme to help us get on the ladder. Our mortgage with halifax currently stands at 111K with Halifax, 9K equity and…
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Bridging loan for OAP
Hi, My Dad is mid-seventies and downsizing. His plan is to buy the new place, fix it up and move, and then sell the old place. He is interested in getting a loan to cover part of the cost of the new place until he sells the old. The amount he is looking to borrow is around 30% of the value of the house he will eventually…
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Contractor Mortgage
My first ever post!! Hi, I'm looking for some advice before I go and talk to a mortgage advisor. I am a contractor with a limited Company, 2 years accounts and 3/4 way through 3rd year. Ideally I would like to remortgage my current property onto a buy to let, and buy a new house. I have some credit cards to clear but with…
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What regulated buy to let lenders are there at the moment
I've read a little bit on regulated buy to let since it was mentioned by kingstreet and holly in my other post. I found an article in the Independent about parents guide to buy to let student property and it got me thinking. But that article was written in June 2010 so may be out of date. Are there many players in this…
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House with damp
Hi all, I have been looking at house which is rather cheap because it needs damp proofing walls and floors and updating. Would be still possible to get a mortgage for a house that needs damp proofing or will they say no chance.
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Porting Lloyds Mortgage
Lloyds said they would let me port my cheap 1.5% tracker... but it occured to me that they might only let me do this if I take out the additional borrowing with them. Is this likely? Or can my next houses mortgage comprise of an 80K lloyds mortgage and a 40K RBS one?
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New Mortgage application
Hi i was wondering if anyone can help me or point me in the right direction. I am trying to get a mortgage my purchase price is 170,000 on a property value of 190,000, my deposit is 60,000 so a 65%LTV. Problem i have is i only have 1 years address history and have only just added myself to the voters roll. I was knocked…
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FTB Mortgage declined by underwriters
Hi. I'm currently struggling to understand something so I'm hoping someone will be kind enough to help me!! I had a mortgage in principle through Natwest, passed the affordability, passed the credit checks etc. Then went to the underwriter and when I rang up to check the progress was informed the underwriters had declined…
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Buy to Let mtg - Do I qualify?
Income minute - part time role. House purchase price £200k Deposit £40k Potential rental £850-950 per month. Do you think the figures work out and will a lender touch me. Many thanks.
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Convert to buy to let with co op
Hi, does anyone know if the co op let you convert a residential mortgage to a buy to let. My ltv is approx 80%. Alternatively if the co op don't do this would it be possible to re mortgage with another lender and convey to buy to let ? Any advice would be gratefully received !
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Mortgage and the electoral role
Hi i have just applied for a small remortgage with nationwide on my property for an extension and it has been declined by nationwide because of the credit check with experia. I have just registered with experia and printed out my credit report and it is excellent apart from the fact that i am not on the electoral…
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Co-op mortgages
Does anyone have any experience of using the co-op? I've been approved by their underwriters for a 75%, 3.39% 5 year fix with no arrangement fee. I'm at the stage where I applied over the phone, a few days later they told me I'd been credit checked and approved and they'll send the paperwork out. I signed and returned the…
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buy council house with bad credit
Hi I really want to buy my council house but the problem is my credit rating. I am in a debt management plan (although i actually never missed or was late with any payments) - after a seperation i acted in taking out the plan to avoid ever being late with payments but i think it has wrecked my chances of getting a…
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Struggling to afford mortgage payments due to job loss
Hi all, We have a mortgage which is £1,100. per month and my Husband has lost his job as of yesterday, but will be paid till the 8th March. The mortgage is with Natwest and we have been to the bank to ask if they will allow us to temporarily switch the mortgage over to interest only or allow us a payment break, but they…
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Got a mortgage in 2013 - A retrospective opinion
My partner and I took the plunge this year and took the almost "impossible" step of becoming a house owner. "Impossible" meaning actually very straight forward. Despite all the media scare stories and the general vibe of what you read, getting a mortgage has been an uncomplicated affair. Originally I came to this forum for…
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22 yrs old & Self Employed - Mortgage advice.
Hi there, I am 22 years old, self employed (business has been going strong for 10 months now), and currently making £20k profit a year. My fiance and I are looking to get a place (around the £120k mark) of our own (end of 2014/start of 2015) , and will have £40k to put down as a deposit. We will both be 23 years old - & my…
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OAP mortgages
Hi, sticky situation for my family and I. I am 62 and still working full time, currently have an interest only mortgage with my son in law who is self employed. This mortgage runs out in 2015 when it appears I will not be able to get a mortgage. Anyone know of a mortgage for those over retirement age but still working,…
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Mortgage refusal
Hi all, Ok, ive never done this before and im all confused and its abit scary. Im a first time buyer looking to purchase a shared ownership property. I have a deposit of 12k and need to borrow just under 70k. I went to a broker (probably one of the biggest in the country) and made an application through,him to the abbey…
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Accessing equity in an investment property - possible or not?
I have a buy-to-let property with a £50K mortgage vs a £300K market value which is now generating around £950 pcm vs currrent mortage payments of around £290 (repayment). I have no other borrowings but I basically ploughed all other savings etc into refurbishing the property and I'm now looking to balance things up a…
