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Completing on a new build before the house is finished
Hi all I currently have a mortgage offer that runs out on the 19th of august for a new build property, however the build has been delayed slightly and may not be finished until after the mortgage offer has run out. Am I able to complete on the house before it has been finished by the builder? I am aware I would be paying…
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Right to Buy
Hi First off, new to this forum, but not to this site - I love it and find it very helpful! If I've posted this to the wrong place, please accept my apologies. My Grandad has a Council House which he has lived in for many years and has expressed a will for someone in the family to buy it. With the Right to Buy scheme, I…
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Help with my mortgage
Hi I'm having a little bit of a panic I sold my flat yesterday and have rang the mortgage company I'm with to see how much I can borrow to get buy a new property. But they have said I can only borrow £75000 which is less than my flat which I sold for 93000. I can only get a 5% deposit and was looking to borrow around…
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Mortgage advice
Hello everyone! We want to decide in advance what we can afford in terms of interest rate/house price/ should we stretch ourselves or not. We contacted bank we have an account with and mortgage broker, both of which could only say the amount we would be able to borrow, none of the rest (no interest quote). I had a look on…
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Picky Underwriter Question......
Hi all, you may have seen my current application details on the Santander thread but just wanted to see if anyone has had any dealings with a picky underwriter of late? We put our application in on 14/02 (which really isnt that long ago but feels like a lifetime). We have been asked for: Bank statements (on a number of…
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Mortgage Interest query
I wonder can anyone explain this for me or shall I ask my branch? I have a Halifax mortgage which had a higher fixed rate until November 2013 at that time I was making monthly payments of £515 and my interest was averaging at £170. When my interest rate changed I am now being charged around £120 interest, a reduction of…
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Mortgage after bankruptcy?
Hi to everyone on the board. Just looking for some advice but slightly complicated so sorry if this is long-winded. I currently have a mortgage with ex husband and wish to remove him from mortgage and add my partner who has been living at address for 2 and half years. He is currently bankrupt (dated 18 June 2008,…
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RBS Complaint - who else to contact?
Hello all, we have complained to the RBS Executive Office but again our complain has not been looked into fully. My next course of action is the Financial Ombudsman but im going to respond to RBS first. Im going to copy in the Chief Exec and Chairman but didnt know if there was anyone else I should, or could, include in my…
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Need to remortgage a BTL but living overseas
We have a house in the UK. We were with LLoyds but have been split into TSB. Our fixed BTL mortgage is now coming to an end. We have been offered 3.99% BTL variable, but this would be 100 pounds a month MORE than what we are currently paying. Previously we got a broker to get this mortgage for us as it seemed that no one…
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New home, new job
Hello there, basically I am wondering how soon after my house completes will I be able to take a new job that has been offered to me? Any info would be greatly received. Many thanks.
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First time buyer confusion!
I expected buying my first house to be stressful, hard work and expensive but its reached the stage that at almost 1am I am on a forum asking for advice in an attempt not to cry! Trying to buy a mid terrace little house in rural Yorkshire. Sadly as is often the case its a deceased estate so no chain to worry about. Saw the…
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Changing property to be mortgaged?
Hello all, I just wanted to pick the brains of someone who would know...... My husband and I are in the process of waiting for our mortgage application from Coventry BS on a property. We sent the application last week Thursday (so almost a week). We have decided to not instruct solicitors to commence searches till we had…
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Finance needed for house purchase
Hi We own 2 properties outright (let's say A and B) . A is let out and B is our current home. We have just gone under offer on B and have found a house that we would like to make an offer on (property C). Being skeptical as we've been let down previously by a buyer pulling out just before exchange we were wondering what…
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What payments to make while rates are low
Martin recently referred to the 'Mortgage Time Bomb". I spent over thirty years in the profession starting at a time when there were mortgage famines and to get a loan you had to jump through hoops. Sole income only. No single women. Tax relief. Income multiple applied only after all other outgoings deducted. I have…
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Looking for a Mortgage and where to start
Hi All, I am looking to leap into the Mortgage game and am looking for some helpful advice on where to start so that I do not make any stupid costly decisions but also not to end up missing something I could do to improve my chances. Things I am looking at are a joint Mortgage or single depending on what would give us the…
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Help to Buy - maximum deposit
Hello, Does anyone know the maximum deposit you can use for Help to Buy? Some of the calculators specify 30K is the max, whereas others go much higher. We want to put down a 50K deposit (18%) for a 275K house. That would mean a help to buy loan of 55K (20%), and a mortgage of 170K (62%). I'm finding conflicting information…
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Porting mortgage and buying an additional product - help please!!
Hi! We are moving house (hopefully!!) and in the process of applying for an additional mortgage product alongside our current fixed rate which we will be porting. My question is: our current product is fixed until July 2015 at a rate of 3.49%; do we get the additional loan amount on SVR at a rate of 6.1% until our current…
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Mortgage credit question
Hi guys i have an ongoing remortgage on my 2 bed flat, its passed the credit check and valuation done its just with the solicitrs at the moment. My question is im after a loan i don't want this to affect anything do you think its safe to get one now or wait until its completed. I know having a loan before i applied it…
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Credit Worthy - Mortgage Ready
Hi All, Need some help as I am unable to find a thread that really helps with my query. I plan to buy a property next year April and know that I need to get myself ready to do this so that I can be in the best possible position to buy. I have picked April as by this time a default will be removed from account due to it…
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Mortgage fees - when to pay?
I am expecting to go forward with a mortgage from Natwest, and this mortgage has a ~£1k fee. The mortgage is a 5yr fix. It makes most financial sense (as far as i can see), to pay this fee upfront, and not to add it to the mortgage. However, i am somewhat nervous about the house i'm trying to buy (it has longish chain)…
