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need opinins on my mortgage problem...
Hi, To kick start it off yes i was one of them idiots when i was young and stupid that got an 105% loan with northern rock and brought my first property... Great 1 month later recession hits and my property of 110000 is now worth 92000 still to this day and its hurting i have a young family and now we desperatly need a…
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Fixed rate mortgage - rate after fixed period - does it matter?
Hello everyone, Does the rate after the fixed rate period (variable rate) really matter? For example, if Bank A is offering 3% fixed for 5 years with the variable rate at 5% and Bank B is offering 3.5% fixed for 5 years with the variable rate at 4% it's still better to go for Bank A's offering right? It seems that most…
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Starting point for first time buyer
Hi guys My girlfriend and I will soon be looking to get on to the property ladder, but I wanted to know where's best to start for finding the best mortgage? Straight to the banks or better to look online? I've no real idea of the max we could get, but here are the key stats: Household income: £71,000 Deposit: Circa £50,000…
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Looking For Advice
Hello. Me and my partner are getting evicted in the next 3 months as our landlady is giving the house to her mother-in-law. Anyways, we're getting married in December and have been looking for somewhere else to rent but there's nothing suitable in the area so we decided to consider buying something. We've now found a…
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Bridging loan repossession
Hi All, Hope this is the right place to post I hope someone can help. We live in a flat in London. My mother-in-law inherited it from my father-in-law but as the mortgage was non-transferable, she had to take finance. her mortgage broker told her that she couldn't 're-mortgage' until she had owned the property herself for…
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Buying apartment with a friend - joint mortgages?
Hi, My first post here, as this forum looks very helpful. Myself and a friend are looking to buy an apartment in London and want to split the mortgage so we each make repayments on the property. We each have different amounts to put towards a deposit, but would obviously adjust our monthly repayments to reflect this and to…
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New government scheme for first time buyers
We have started to save for a deposit for our first house and were wondering about the new scheme introduced by the government for first time buyers. As i understand it the scheme currently stands only for new build properties and will include existing properties in 2014. I have no knowledge of mortgages and how they work…
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Mortgage Advice for first time buyers with parental help
Hi everyone, Am hoping there may be some experts that could give us some advice on our current situation. We are in the market to purchase our first property together and are having issues looking for the best mortgage available to us. We looked at a new build property with one of the governments shared equity schemes,…
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How can we get a mortgage if we have a court decree?
Hi there.Me and my partner have been looking to buy a house in Perth,Scotland.We have a decent deposit and are first time buyers aged 25 and 26. We have been declined by Hsbc,Nationwide,Bank of Scotland and Halifax. We are both employed with no debt etc. Our problem is 1.5years ago my partner sold a van on Gumtree.This had…
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First Time Buyer
Hi My husband and I are desperate to purchase our own home. We have a 3 year old child and want a stable home for him. We have a deposit and have a good income, were paying £850 per month in rent and can easily afford a mortgage. I have a CCJ for a stupid amount related to a house I didn't live at anymore and a couple if…
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can you.......?
Is it possible to allow a family member to live in a property that I have mortgaged, or would this have to be BTL? I know if it were a normal rental then it would be buy to let, but wondered if it was different for family members (sister) any advice please? Thanks
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Mortgage Advice
Good Afternoon All, I need your assistance, on a rather difficult situation I am in. I am looking to obtain a mortgage of approx. 145k, for a property in the UK. Here is some very brief details: · I live and work outside the UK (Belgium) · Looking to relocate back to UK. So would not be a buy-to-let. · My wife is a non EU…
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Interest rate rises
Can anyone help or advise. I am due to rearrange my fixed mortgage and was wondering what is deemed the safest bet. I have been offered a fixed rate for 2 years and also fixed rates for 5 years. My concerns relate to the current interest base rate and the potential for rises over the 2 year or 5 year fixed term. It will…
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Halifax mortgages - existing customer rates
I have a mortgage with Halifax and fixed rate will expire soon, and I'm stuck with them, don't ask why I just can't remortgage with other lenders, so I need to switch to another deal with Halifax. Do they offer lower interest rates to those who have a current account with them? Or a credit card? So in other words…
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Homebuyers survey - should we be worried?
Hi all, just a few quick questions from our survey as my googling doesn't seem to be finding the answers I want! Firstly - our only threes are relating to a lack of certification for gas and electric, I don't think the cost of getting them checked would be too horrific - but what if there was then a problem? We are buying…
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Advice please
Hi Ive seen a property I am rather interested in. It is up for auction on the 18th September at book price 80-85k. I am currently in a DMP with Stepchange which I owe 9000 with. My credit rating is shot to pieces as I am making reduced payments - I wouldnt get a high street mortgage. I have learned my lesson from past…
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Mortgage redemption payment
We've just recently bought a new house and took out another mortgage with Virgin. They told our solicitor to remove the redemption figure from the final settlement of our previous mortgage completely and I rang to double check there were no outstanding payments on the account which they confirmed (in writing). Now, over a…
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Withholding funds
I am buying a repossession house for 125,000 I have 100,000 to put down on it, I wanted a mortgage for 60,000 to cover house updating the woolwich have done a survey and said that no money shall be offered until the timbers are treated. How can I possibly do work on the house when it's not mine yet, should they not just…
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Santander: 2 year fix vs. 5 year fix
I was accepted for a first time buyers Mortgage by Santander in branch on Thursday. Property value is £85,000 and I need a 75% LTV loan borrowing £63,750 over 33 years. There are no application fees involved. My options were a 2 year fix at 3.19% paying £262 a month. Or a 5 year fix at 3.69% paying £281 a month. I ended up…
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Mortgage checks, question on deposit and charge card use
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