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commercial business mortgage/mortgage in spain
Hello, my friend and I for sometime have been looking into setting up a hostel in san Sebastian spain. We originally looked at renting and after much research and actually going there and meeting up with estate agents and an accountant. It would seem close to impossible to do if we rent. Every single one of them said…
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MMR preparation query.
I am thinking on purchasing a second property in London to use as a pied-à-terre. My current mortgage contracted payment is £465 per month but I have been over paying by £2390 each month in an effort to clear this so my monthly payment is £2855. Should I stop the overpayments for a few months before any mortgage…
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First time buyer with mis-sold mortgage & high redemption penalty
Hi, This is my first post on this forum and it is regarding the hefty redemption charges my mortgage provider (Virgin) are trying to charge me which I do not believe was explained to me from the outset and I am looking for advice. :( I re mortgaged in June 13 as I had just come to the end of a two fixed mortgage I took out…
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Re-Mortgage Deal Coming to an End
Hi All, We have been in our property for about 5 years and its that time where we need to start looking for a new deal. At the moment were on a 5 year fixed rate at 4.59% with Natwest. They are currently offering 3.09% for 5 year fixed rate which I am really tempted by. What do you guys think good to fix or not? and if not…
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First steps with help to buy Scotland
My partner and I are looking to move house. He currently owns a two bed flat and we are having estate agents out to value it on Friday this week. We have been looking at where we would like to move and we have pretty much decided that we would like to use the help to buy scheme Scotland (new build) to really maximise what…
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Unethical Treatment of estate agent
Hi I think I already know the answer but wanted to check with the accumulative brain power of MSE users. Basically we had an offer accepted on a house we wanted to buy and we were proceeding very well. Our solicitors had received the contract pack and made enquiries, had our mortgage unwritten, home buyers survey booked in…
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Halifax online statement
Hi, For people with a halifax mortgage with a DD on the 1st - has your online statement updated to show the direct debit coming in? My one is still not showing - normally updates around the 3rd - wondering if it is just mine with a problem? Thanks
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Am I too late to get compensation ?
I took out an Endowment mortgage, I had to switch to a repayment mortgage and my endowment is due to be paid in December this year, am I too late to claim compensation ?
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Offset - use overdraft?
We have a offset mortgage and am wondering whether it would impact us if we used overdrafts to increase our offset account and reduce our mortgage. We both have accounts with a £500 free overdraft limit. We have never ever been in the overdraft. We are currently putting any surplus into the offset at the end of each month…
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relocating down south?????
Hi all and thanks in advance for you advise. I live up north with my wife and we have a joint mortgage of just under 90k on a property realistically worth at around £125k. We currently have a joint income of £42k. (30 me and 12 partner) We want to relocate down south. we have seen a new build in the area at £284,995k.…
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estate agent mortgage advisors
I've put an offer in on a property today for asking price, however I was a little concerned that the estate agent advised me at the end of my call that I will need to speak to their in house mortgage advisor to confirm whether I match their affordability criteria. I am currently dealing with an independent broker who has…
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Gifted property issue
Desperately after advice on our "maybe" gifted property. Ten years ago my father and I converted a property from a scaffolding store to our 3bed house. We couldn't get the loan for it so my father bought the property and put the money up for the conversion. We have lived here giving him monthly payments covering the…
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mortgage advice please
Hello there. This is my first post, hope iv put this in the correct place. I am in the process of getting my self a mortgage. I have managed to get together enough for the deposit and fees by selling stuff i own. im going to do a five percent help to buy scheme. i am now stuck with the problem of when to apply. I have an…
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overvalued, undervalued or valued at offer price
I recently had a house valued and it came in at the offer price. I spoke to the valuer today and he said he thinks I am paying a fair price. He did say that it is unusual for a house to be overvalued or undervalued as a house is worth what a buyer and seller can agree on and therefore the offer price. This makes me think…
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Pru deed of assignment question
As part of a divorce settlement I was awarded sole right to our endowment policy. I contacted Prudential a couple of weeks ago and explained the situation and they said I'd need a solicitors letter to that effect before the policy could be changed to my name only. Spoke to my solicitor tonight and she said they will have a…
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Helping daughter to buy a house
My daughter is currently paying £1000 a month rent. Herself and partner don't earn enough to get a mortgage but pay the rent each month. How can I buy a property for her and rent it to them with the intention that the mortgage payments would be cheaper than rent. I work full time and could put down a £25000 deposit for…
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Mortgage for a cheap car loan
So, I know that the advice is usually that this is a terrible idea. However; My existing mortgage is around 25% of the value of my property. My pay structure is such that I receive a big sum at the end of the year The mortgage rates look much more attractive than car finance, etc If Im going to take out a loan for a car,…
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Remortgage before consent to let?
Hi There, I have owned my first home for 6 years, since my initial 2 year fixed rate expired I have been on the Halifax base rate. My partner and I are currently applying to move to Canada, we hope to have everything approved by the end of the year. I intend to rent out my property, ideally initially under a consent to let…
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new home and buy to let
Hi, Looking into moving house and the possibilty of letting ours out. We have a some questions. We are currently looking at decisions in principle so we know what we can borrow. The broker informed my OH that the prospective lender for moving may deduct our current mortgage from what we can borrow even though we are…
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Remortgage process and fees
We'll be changing our mortgage from Santander to HSBC in the summer. I've never remortgaged before (only applied for mortgages when moving house) and I don't know how the process works. Do you just apply for the new mortgage, and they deal with your existing lender (in terms of paying off and shutting down your old…
