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Santander Mortgage update, timeline and few questions
Hi all....I made an offer on property on 14 Nov 2013. Offer got accepted on 15 Nov 2013. I have a current bank account with Santander which I rarely use. Called direct to Santander and applied for 70% LTV mortgage over the phone on 15 Nov 13. It was 10-15 mins phone call, Initial screening was done on the spot, I gave all…
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Bellway possibly delaying house
Hi everyone. The regional sales manager from Bellway rang me this afternoon, I couldn't talk to him for long as was at work. He is going to ring back tomorrow, but asked 'how would we feel' about a January completion (instead of 13th December) He will ring back to discuss tomorrow. Our mortgage offer expires in early…
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Solicitors Searches
So I am now in the position where an offer was accepted for a house that I want to buy. HSBC have everything they need now. Valuation is complete, mortgage offer is with them and all they need now is the certificate of deeds (?) from my solicitor. Last week I Instructed them to do the searches and did a faster payments…
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mortgage worries-moving house
I'm looking for some advice. My husband and I are hoping to part exchange our current house for a larger new build. We made an offer which was accepted on 26th October and Saw an IFA on the same day. I have an excellent credit report with several settled accounts and all payments on my existing loan (1.5k remaining) are up…
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Halifax Mortgage - Poor Service
I wanted to share my experience with trying to fix my existing Halifax mortgage. I paid for a mortgage valuation with Halifax on 4th July due to needing to renew my current Halifax mortgage and them plucking a ridiculously low figure from thin air to value my property. After 3 weeks they had still not arranged for the…
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Transferring Freehold
My parents and I live in separate properties. We used to live together in a house which we converted into two flats over ten years ago, which we now rent out. My parents are the freeholders of our old home and I am the leaseholder. Parents want to transfer the freehold over to me with minimal fuss and no money. What is the…
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Remortgage Question
Hi all, my existing fixed rate ends in February and I am wondering should I start looking at another deal before this one ends or do I look after it ends. Not sure if I am meant to apply before or after the current fixed rate finishes. Simple ish mortgage so may go ahead without an advisor this time although will consider…
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Likelihood of getting a mortgage?
Hi all It's been a while since I posted. I'm in a much better position now with everything paid off thanks to the other half and we are looking to buy shortly. We will have approx £50k as a deposit and looking to buy at approximately 20-220000 house. When I look at my credit report everything is either marked as 'settled'…
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Do any lenders let you borrow more than house value?
Hi Does anybody know of any lenders who will lend more than the house value? The reason being that we'd like to add an extension / redecorate our house. Here's our situation: - 1st time buyers - Offered mortgage in principle up to £425k (Chelsea BS) - Have had an offer of £275k accepted on a property - Property is in need…
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Self Employed Through Ltd.Co - Which Lenders Are Best?
Hi everyone Just sold our second property which will allow us to upsize from our existing home. Looking to borrow max £150k at an LTV of 50% max. I run my own Ltd Co with my wife which is profitable enough to give us a joint after tax income of £70K pa if I choose to take drawings and dividends. Currently with First Direct…
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What happens if the person you live with dies before the mortgage has been paid off?
I've been living with my grandfather for the past couple of years, acting as a full time live-in carer but as he's getting on in years, I'm concerned about what might happen to me if he dies. We still have the mortgage to pay off and my name isn't on it. He hasn't made a will either. I worry that when he dies, I'll be left…
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valuation very low - what are the chances of a successful challenge?
We are remortgaging. Process seems OK have an agreement in principle and all paperwork sorted, but the valuation has come back £15k lower than was paid for the house so the LTV has been altered and we no longer qualify for the interest rate. This was the best option for us as we wanted to fix for as long as possible and at…
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Moving house and mortgage
Hello, I am after a bit of advice. I will try and include as much info as I can. My partner currently has a mortgaged house, the value of the house is approx 105k - 110k. The mortgage is 91k (19 years left) and this includes 2k of arrears which we have been paying off over the last year. In this months review Santander…
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Help with remortgaging
Hi all, Im coming up to the end of my fixed term with woolwich and so would like some advice on what might be the best option for me to go ahead with. the value of the property is ~250K with a 175K mortgage 33 years left (70% LTV). If I change to a different lender i need to pay £285 completion fee so I decided to contact…
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Lloyds being pedantic
Help, I really need some advice, I'm tearing my hair out, my husband and I have had a trouble free mortgage with with the now Lloyds for over 7 years, overpaying which was our choice for over 5 years. We have now sold our house as we have to relocate due to work. We approached Lloyds back in May so we could get the ball…
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How long do Leeds Building Soiciety take?
Hi All We have applied for our full mortgage application thru our Mortgage Advisor with Leeds Building Society over a week ago but havent herd anything yet. Just wondering for anyone else who have gone thru them how long they take to underwrite, send out for the vaulation (its inlcuded with Leeds) etc. Thanks
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selling house quickly? charges?
Are there any restrictions on selling your house only months after you have bought it? My husband wants a divorce and has spoken about selling the house we bought only 3 months ago. I think this is ludicrous as we would likely have a mountain of fees? I am so scared. :mad: I want to keep the house for at least another…
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Help with mortgages
Here's the situation I am in, and I am not sure what to do. I just know I need my money to start working for me. I have one home which I owe $350,000 on. I have a rental which I owe $140,000 on and another rental I owe $35,000 on. I have $40,000 to put toward an investment. My problem is I am self-employed and banks won't…
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HTB Phase 2 - Strict Lending Criteria
Hi All, A Natwest mortgage advisor is due to ring us next week to start the mortgage application process with us on the new help to buy phase 2 scheme. However, ive heard Natwest are very strict with their lending. In fact i know someone who was denied because they went £50 into their overdraft! Is this really true? Just…
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Gifting a House - Truths
Hi all, I know this has been discussed before, but nothing seems to address my specific circumstances and I wanted to call on the clever brains here to help me understand the full picture. My father has a house valued at 300k. He's selling it to me and my partner at the discounted price of 200k. He's moving back in with my…
