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Abbey - Mortgage/Slow Problems
Dear All My partner and i have applied for a mortgage the company who came out with the best deal via our financial advisor was Abbey. The FA did the sums and concluded that we could easily afford the house we have offered on, yet Abbey just seem to be taking so long to approve the mortgage. 4 weeks so far, which i know a…
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Does this mortgage switch make sense?
I am on the Halifax SVR (currently 3.99%). I have a LTV of 43% according to them (though I officially am on shared ownership, which in my calculations tips me about half a % under 75% LTV but). They can offer me a 2 years fixed rate of 2.69%. I could remortgage but to be honest an ongoing issue due to a default placed on…
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Stopped paying mortgage and moved out
Hi My brother in law was recently involved in a serious accident and was unable to live on his own anymore. We temporarily moved into his flat and undertook the mortgage payments (paying into his account, whilst the payments came out). We have now moved out and my brother in laws POA has now stopped payments for the…
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Living in the USA, interests in UK
We moved to the USA in Dec 2008 in our late fifties and live in Atlanta. We are established now and our daughter lives quite near us as she is a citizen through marriage. I often find I need advice on UK bank accounts (switching accounts etc), remortgages (typical Ex Pat mortgages for Buy to Let are lower than 75% LTV).…
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Self build mortgage or normal mortgage
Hi everyone, I'm after some advice. I've found a property I would like to buy. Problem is, it's just a shell. There are rooms, but no bathroom, toilet, kitchen etc. I can't figure out if I need a normal (residential) mortgage or a specialist self build mortgage. I've just sold my house and we have a large deposit to put…
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remortgaging to free cash, is this how it works? *confused*
Hi, thanks for taking the time to read. Im a bit confused and hope someone will be able to shed some light on this for me. When we bought our house my dad lent us £34k (deposit plus a bit of fees, amazing dad!). House was £132,500, Mortgage 99,500. Our mortgage 5yr product runs out next year. What we hope to do is…
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chances for first time buyers
Hi. My wife and I are looking for our first mortgage. We both have two defaults each which are all settled and totalled leas than 2000 altogether. They are all over 3 years old. We have a 10% deposit and we would want a 90% mortgage. What d you think our chances will be . I'm not looking for patronising responses about…
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Changing product with same lender whilst on a DMP
Hi there, Does anyone know if lenders carry out a credit check when changing product? I'm currently on a debt management plan and have a mortgage with the halifax which is coming to the end of a 2 year fixed term deal. If I apply for another fixed term deal with the same lender will then run another credit check?
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Thinking of applying for a mortgage
Would a late cc payment in 2011 and one in 2008 affect my chances of applying for a mortgage
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Interesting mortgage advice
Had a bit of interesting mortgage advice recently On a shared ownership property I was told by a large independent mortgage advice company that based on my £1,600 salary i can afford to pay £1,000/month for a property - thats just the mortgage, rent, service charge. By my estimation once I pay council tax, bills, and i…
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Mortgage
Can anyone recommend a mortgage broker? We are first time buyers with a good credit record and a 15% deposit for the house we want to buy. We have made contact with London & Country, but so far not been overly impressed with the service - no answers to emails, phone calls. I realise we are nervous first time buyers who may…
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My first time morgage application _pale_
Hi everyone I am going to apply for a morgage tommorow for the first time. I am just so worried! My grandparents house has just been put on the market to my surprise and i would love to buy it. The house is up for 95k and i have got cash savings of 10k, so i have got a deposit. My worry is my bank account! I have always…
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Please Help ! remortgage advice needed with additional loan
Hi, Just opened this forum account so please go easy on me if i get anything wrong ! Myself and my wife and 2 kids have had or house for the last 7.5 years mortgaged with abbey aka now Santander. we had 2 x 2 year fixed rates with them and the associated fee's each time, My problem is i'm an idiot ! i ran up an unsecured…
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negative equity and interest only secured loan
hi I've never posted on here before but wondered if anyone has had a similar experience and could share any advice. We bought our house 7 years ago with a 95% mortgage and unsecured loan to make it up to 100% from northern rock (not a great idea I admit) then very stupidly got another secured loan from northern rock to…
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What is an offset mortgage?
I keep on hearing the term offset mortgage, can someone please explain what it is and how it works? Thanks!
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Help to Buy scheme question
Hi, I am hoping someone will be able to give me a definitive answer regarding paying off the equity loan provided by the government as part of the 'Help to Buy' scheme. I currently have a 5% deposit (£10k) and have been approved for the scheme, with the government providing a further 20% of the house in the form of an…
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Halifax SVR Mortgage Advice
.ExternalClass .ecxhmmessage P {padding:0px;}.ExternalClass body.ecxhmmessage {font-size:12pt;font-family:Calibri;}I have a mortgage with the Halifax and prior to 2009 the mortgage was on a fixed rate of 6.5%. In 2009 I decided to switch my mortgage to a SVR and paid the £1000 penalty that it incurred. The SVR at that time…
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Help with my mortgage!
I hope someone can give me some advise as I'm slowly losing the will to live...... I've had my mortgage for just over 5 years and in that time my life has been a nightmare. Through various different factors (the main one being that my mortgage was and still is very high) I got myself into a lot of debt. At its worse it was…
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At what point do you pay a Mortgage Advisor?
So we're in the position where we really should make an appointment with one. We've got a recommendation for one (not sure if they're independent - the person recommending didn't know, but just said they were good & helpful), we just need to get a date really. We've seen (on rightmove) a few houses that tick most of our…
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Mortgage offered!
As the title suggests my broker contacted me this afternoon to advise that the mortgage has been offered! Over the moon to say the least!!! Hopefully I'll be moving over to 'mortgage free' board ASAP :D Good luck to everyone else waiting :j
