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Need help
Hi I really need some advice. 3 years ago my parents found themselves in extreme debt that finally caught up with them (£90000). I had no idea about this debt but regrettably now, at the time offered to get a mortgage on their house to pay of the debt (they owned the house). At the time we could afford the extra mortgage…
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Remortgage valuation; what are they looking for?
Hi all! We're coming to the end of our 3 year fix and are looking to remortgage with the same lender. As the house was a repossession, the valuation they have on their system is somewhat less than we think it is worth due to the overhaul on the property in the last 3 years (new kitchen, bathroom, central heating, total…
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Mortgage x salary irresponsible!
I'm shocked to read on some threads that some lenders are offering up to 5.5 x salary. If you earn say £200k I can understand but for someone earning £20-30k if the interest rates rose slightly you'd be screwed. Also on a lower wage, if such a high proportion of salary is paying mortgage how do they expect to cope when…
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Agreement in principle
We have an AIP with Woolwich. I realise that this is not a guarantee of a mortgage but provided the information we provided stacks up, is a mortgage offer a dead cert? We're hoping to offer on a property we found shortly and I just wanted to be aware of any potential pitfalls with the mortgage. Thanks for your help!
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Do we need to change mortgage?
Hi My partner is looking to move out of his current property and rent it to his ex partner on the agreement that he pays the mortgage but she pays him rent. Will he need to change his mortgage to a buy to let? Many thanks for your help everyone Linz 😀
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affordability
Hi there, wonder if I can get some good advice... I have a sizeable deposit for a house but mortgage lenders wont accept my current financial income (being too low ) What can I do?
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Halifax refund
I completed on a remortgage last week, however as i made a payment to the old lender the day before completion and the amount borrowed was slightly more than the redemption amount, i estimate i am owed about £600 (even after calculating and deducting last months interest) any idea how long it is likely to take to get this…
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renting payment history give credibilty?
Does proof of payments 100% for 7 years give any credit worthyness?
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What legal rights do I have to a refund of my valuation fee?
Hi, My fixed mortgage with Santander expires today and so am free to shop around. I had sourced a deal with the Principality two months ago and I had a mortgage offer in place and solicitors waiting to process the transfer of funds on Monday! The Principality have changed their mind this week. I have a second charge on the…
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Barclays/Woolwich - lead time on valuations
Does anyone know the lead time for Barclays/Woolwich valuations in the London area? I've heard that currently it can take up to six weeks from applying for a mortgage to the date when the surveyor comes out to value the property. Thanks !
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re-mortgaging trouble / self-employment
Hello, sorry for the long post - but trying to give you the details over time. I'd love to hear peoples' thoughts on this and whether someone successfully re-mortgaged recently with a self-employment factor. We took a mortgage out in 2008 on a five year fixed. I earned more then (as pre first child, 37hrs) and was on a…
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maximum mortgage rate
Does anyone know if there is a maximum percentage that mortgage lenders are legally allowed to charge above Bank of England base rate?
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Could my mortgage offer have been cancelled?
It started from the nightmare solicitor--I got the BTL mortgage approved by a bank and used a panel solicitor of theirs. As I was also selling my investment flat to my brother in law, i simply instructed the same solicitor despite the fact its not related to my purchase or the same bank at all. The sales is very…
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What mortgage do I need to part buy inherited property?
If I want to buy one of my siblings out in their share of an inherited house which was left to us, what type of mortgage do I need if I don't plan on living in it but another sibling does? I've looked at BTL mortgages, would this be necessary if my sibling is not going to pay rent as he also owns a share? Are BTL mortgages…
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Mortgage confusion please help!
I am an ex bankrupt of 7 months. I live in rental accommodation now with my partner who has never had a mortgage. We would like to one day buy a home. However this is the problem. I am the main breadwinner and with her earnings alone we would not be able to get a mortgage. Is there a way of her getting a mortgage without…
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Dilemma whether to sell.... Or not!
I am in a financial dilemma and would appreciate some sound advice! My current situation is that I own a one bedroom flat which I currently rent out for £625 per month but ideally I would love to sell it and take the equity to reinvest in another property. When I purchased it with my ex husband we paid £90000 and put…
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Help To Buy Income
Hello, I've been reading up a lot of information on Help To Buy mortgages, and I have seen contradicting information regarding income checks for the scheme. Can anyone inform me if I would still be checked for my incomeX3.5 on this scheme? Many thanks M
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HTB query
Hi, I am first-time buyer, trying to get onto property ladder since last year. Having wanted some specific features in the property couldnt find the right one in the area we want to live in. Prices have gone high by around 15k for similar houses!!. So thinking of using the HTB scheme. I was given max £147000 AIP last year…
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BTL 1yr deal to get dream home
have I got a chance of making this happen as I have just been let down by THE MORTGAGE WORKS Me and my partner have found our dream house, at present out of our price range/affordability as a residential mortgage but looking at taking 1yr fixed buy to let deal, paying a very high product fee, renting out then changing to a…
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Mortgage with defaults
Hi, My OH is trying to get a mortgage with myself yet has two defaults on his credit file. One of which we are sure if fraudulent & is defaulted with Lowell Portfolio on behalf of Barclaycard. We have been trying to get the default removed however because payments were made from a HSBC account my partner had, they are…
