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first time buyer
hey guys... need some advise. I was recently traveling after leaving school, and just settled into my first real job....and I love it. so basically I was left money around £6k but not recived it yet will get it in the next year... anyway I have seen a flat in which I would like to buy(morgage) for 65000. I would be able to…
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Halifax panel of solicitors
Hi i wanting to know were i can find out who is on halifax's approved list of solicitors. I have looked online but cant seem to find much information
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Moving house mortgage advise
Hi, I'm looking for some advice regarding mortgages for my situation. Me and my wife are looking to move house. Our current flat is mortgaged, valued at £125k. The original mortgage amount was £75k over 35years taken out at 2007 with the Nationwide. But the remaining amount is only £7k as I've overpaid my mortgage payments…
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Need Help
Well I`m first time buyer and there is a 1 bedroom house for sale at £30,000 it needs updating just cosmetic work. The problem is I have around 10,000 deposit. But most mortgage company`s have a min lend of 25,000 So how do I purchase it if I can`t get a mortgage for 20,000.
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Ideas for long-term rate security with option for sideways move?
I want to say up front that I don't want to confine this thread to 10 year fixed rate mortgages in case there are more unusual products / schemes / wangles that I haven't considered yet. OK, that said... I'm a FTB buying a flat in London (probably 75% LTV, 145k loan) and I'm very attracted by the idea of a 10 year fixed…
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Is it possible to get an Interest only mortgage on council RTB
Can anyone help. Is it possible to get an interest only mortgage on a council right to buy. It is a house and the amount to be paid is £160,000, after discount. Are there any conditions, minimum deposit to be paid. We have a combined income of @40k and some money put aside for a small deposit. This will be our first house…
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Help requested - 80 year old purchase of retirement flat
Hi, I would be grateful for any help on the following, which a friend has asked me to look into for them, and, as a regular user of MSE, I thought this forum would be the best bet. Briefly as follows: Friends mother is 80 years old. She owns outright a house with a value of approx. £250K. She has recently lost a lot of…
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Want to sublet whilst selling, Do we need a BTL mortgage?
Morning All, My husband and I have inherited his parents home, well half of it but we have agreed with my sister in law that we will buy the other half off of her. The house is worth £160k. We currently own a 50% share in the house we live in. We pay rent on the other half to a HA. We are selling this house but want to…
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First time buyer,New Build,90%LTV
I have put a deposit down on a new build home and provided a decision in principle from nationwide which I completed online. I've been told that most banks require a minimum of 15% deposit for a new build - I only have 10%. Not once did Nationwide online decision in principle ask me if the home was 'New' so I assumed I was…
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Rather worried about remortgage, please help :(
Hi, Am in process of remortgaging my flat and received a letter from the banks solicitors to inform me there is a 'second charge registered against my property in favour of the local council'. they are asking if I am paying this charge from the remortgage or if I wish them to arrange a deed of postponement (along with a…
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How does this sound as an investment?
Hello all, I plan to invest money in property, i have a deposit ready to go and almost have a mortgage certificate from Natwest. I have 3 credit cards all are clear, 1 loan for £7500 But i will pay a couple grand off it before i get my mortgage applied for, and ofcourse i have paid some already, spotless credit history,30k…
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Seller dropped price - new mortgage offer needed ?
Hi Had mortgage offer 2 weeks ago - survey was instructed. The survey found some damp and recommended a specialist survey. Specialist survey done and approx cost of work £1000 - however because LTV is 65% these works are not a retention matter. But I have negotiated a £1000 reduction on the agreed price of the house. So…
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Asset Rich, Cash Rich, but still no mortgage
A friend has recently become self employed for the second time in his life. Has a very good track record over 30 years but it seems suddenly that he has become unmortgageable. Has a property with a 60% LTV with an offset mortgage with First Direct where the initial rate has now expired. Called to switch to a lower rate -…
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Help my memory - Fees
Hi, I seem to recall a TV program this year about Mortgages and Application Fees. It something to do with the pros / cons of adding the fees to the mortgage. Something about what happens if an application fails or changes (I just can't remember). Can anyone help ? John
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Can I get a mortgage?
Hi, I am interested in getting a mortgage in the next year or so but haven't had a chance to speak to an advisor yet. At the moment I am unemployed but I am looking to get a job which will probably pay around £20,000 - £23,000 and I would have a deposit of £100,000. I am married with a child and my wife is not working.…
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Interest only problem
My interest only mortgage comes to an end 1st November. Due to monetary problems with a divorce I had a small endowment which was paid up at beginning of this year and now I have just over £40,000 to repay to mortgage company. I was made redundant with one of my two part time jobs in March and I now have more hours with my…
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Switching deal - existing bank
Hello I am currently looking at switching deal with my existing bank to get off the SVR and onto a 5 year fix My bank is asking me to pay a £999 product fee for switching on to the new deal. What would this £999 cover? There wouldn't be any additional admin (well, not to the tune of £999) and there aren't any solicitor…
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Mortgage application with default on file
I appreciate this is very vague but I have a default on myaccount for £1,000 from nearly 3 years ago. The default is classed as settled. At what point do you think I will be able to qualify for amortgage either with a mainstream provider or net based provider? Eg 3 years after, 4years after, 5 years after…..or will I have…
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Buy to Let Advice
My dad has a property that he rents out on a buy to letinterest only mortgage but the mortgage ends next year. As I will be moving back in to the area I have offered tomove into the property next year and rent it off my dad for 2 years and during thattime I will save up for a deposit and buy it off of him in 2016. I think…
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Why are RBS so hard to deal with?
short question, have a first active mortgage want to borrow a bit more to extend the house, so thats now with RBS, 3 weeks and still no key facts agreement, they don't seem to know their asre from their elbow. We are caught as have a fantastic deal with first acitve so don't want to move the orgianl mortgage. Just a rant…
