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Mortgage in sole name
Hi all, in wondered if anyone could help.... My sister and brother in law are looking to buy a house in the next few months. They have a 15 month old son. They have a good deposit and would be able to afford repayments, my brother in law has a good salary. However, my sister is a supply teacher and does not have regular…
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help please: <60% LTV but we have lodger and I work from home
We've previously paid off two mortgages with YBS but they won't give us a mortgage for the house we want to buy because we have a lodger (YBS has a no lodgers rule) and because I work from home and will have two or three people coming to the house for an hour a week. Any advice on where we could get the best fixed rate…
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An old debate of remortgaging! advice Please
Hi, My situation is this. 3.99% fixed 5 year deal ends October 2016 Mortgage £123,000 House price £220,000 Early repayment £4k I'm thinking about remortgaging purely that I feel that when my current deal ends in 2016 that mortgage rates might be higher and I want to take advantage of the current low 5 year fixes available…
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Lender view/credit impact of extending mortgage term....
Hi I am struggling financially at the moment and I'm looking at ways to address this. I am thinking of either asking my lender (Nationwide) to consider extending my term in order to reduce the monthly payment. A few questions: - is there a standard, maximum age that lenders use - e.g. 65 or 70? - are there any conditions…
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PHI. age banded yearly increase?
Age banded? Most of the policies Ive looked at include this in their criteria. Im presuming it means the monthly premiums increase every year... Is there an average increase % ? also on a side note, why do people advocate seeing a IFA for a PHI policy? It seems straight forward to me. You balance how much you would need to…
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Advice Needed - re-mortgage
Hi all Need a bit of advice so thought of you guys! :beer: I have a two-part mortgage on my house and overall pay £1600 a month. (1) £180k at 3.98% (which switches to 2.3% on 01.01.2014) (£900 a month going down to £730) (2) £120k at 4.99% (£700 a month) My question is which mortgage should I borrow £40k off: bigger…
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A little advice please
I've been looking for a property to have as a BTL for a couple of months. My husband and I have viewed a house a mile from our own home, which requires a Central Heating system as it doesn't currently have central heating at all. Only two fires downstairs. (My cousin is able to supply all materials at cost price, and then…
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Gifted deposit letter
My parents will be gifting me some money towards a deposit for a house purchase. They currently live in France so will be transferring money from France to my account here. The money transferred will not all go towards the deposit, some will go into my savings for a rainy day. Two questions really:* Should the entire…
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Mortgage reassurance please...!??!
This is the first time Ive gone through the house buying process, and despite some reassurance from relatives and friends who have done it themselves, I am still a little dubious. My mortgage broker is progressing with the application, and I have paid the mortgage arrangement fee as well as having a letter from my lender…
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Retention product
Will a retention product consider the current value of a property or will it only consider the initial value? I have a 6% deal ending soon reverting to SVR of 2.5 (woohoo!). I don't know if a retention product, remortgage or staying on the SVR will be best at the moment so want to make sure I understand each option fully.…
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Are prices rising faster than valuations? What to do?
We have seen a nice house that we'd like to buy. Thing is, it's on at £250k and I'm concerned its valuation will only come back at around £231k - this is based on going through the tools on the mse site to estimate valuations. Zoopla only puts it at £225k but I know their prices are often low. So ... What should we offer?…
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Advice needed
We have recently cleared all our outstanding debts and now looking at sorting our mortgage. Currently we have £112000 outstanding with a value of approx £135000 and 19 years left. This is where it gets tricky my OH was made redundant in July during pregnancy (still haven't been paid redundancy or maternity pay that the…
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House needs work - can mortgage help?
Hi, We had an offer accepted on a house for £135K - it was originally up for £149,950. We knew it needed complete redecoration, and the chimney needed work (but we weren't too worried about that as we wanted to line it anyway for a wood burner and figured we could do it all at the same time.) So survey came back - and it…
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Does monthly payment stay the same on SVR?
Hi all and thanks for any advice. I am coming to the end of a 5 yr fix in the next 4 months. My current fixed rate is 6.09% ( 80% LTV). My current mortgage providers SVR is 2.50% ( for anyone buying before 2010). I intend on going on to this SVR as it seems good and favourably comparable to what I could get elsewhere on a…
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Self Employed Mortgage / Taking permanent job
Hello, I'm new here, am looking for helps also keen to contribute back and let people know how I get on with my problem. I spoke to a mortgage advisor last week to get an idea of what me and my girlfriend can borrow. We are looking for a mortgage that is very cheap and easily affordable for us, around £130,000, we have…
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HSBC Mortgage Offer expiry date??
How long do HSBC give you to accept their mortgage offer? I've read on this forum that its 4 weeks - but I've been given 2 weeks by HSBC. 11th December HSBC sent offer letter (not yet received). 18th/19th December - I requested HSBC resend documents (kept telling me to give 7-10 working days) 21st Dec - HSBC letter came…
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Mortgage Help
Hi, My Brother and wife are struggling to get a increased mortgage to move from a flat to a house. Their combined income is £54,000, Debts of £39,000 between them, and have a deposit of £20,000. They are looking to borrow a further £80,000 on top of the current mortgage of £50,000 on the flat. The house is £249,000. They…
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Buy to let, new house and building plot :(
Hello everyone, My first post here and I'm just wondering if anyone has been in a similar situation and can offer any advice. I own my flat with an outstanding mortgage of £46000. The value is approx £110000. I have found a house I want to buy it is offer over £130000. The home report suggests a retention of £5000 due to…
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HSBC mortgage HELP!!
I applied for HSBC mortgage over phone, i didn't pay fees until the under-writers approved the full amount. The under-writers had phoned me to ask a couple of questions & then advised they happy to approve for the full amount subject to survey. They asked me if i wanted to pay the mortgage fee there and then - which I did.…
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First Plus account help and advice wanted..
hi everyone i'm new to the forum so hoping for help and advice from fellow forum members.... we have a First Plus loan we took out in april 2002 which we have paid on time apart for some arrears problems we had a few years ago but sorted that part out with them i.e paid more to catch up with what we had missed. in august…
