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Moving home, should I clear mortgage first?
Hi, I'm looking to move home, and have a small (flexible/portable) mortgage on my current property which will be due to clear within 12 months. Can anyone advise of the advantages/disadvantages of clearing this early and applying for a new mortgage on my new home, or just moving it to the new property with additional…
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Remedy for Wrong Mortgage advice
Hi, We've just had a mortgage application turned down by Woolwich. The property was an ex-local split level maisonette in a 4 storey building with deck access, but was in good condition in a resurgent area (Stratford). We were advised when we applied that it would be dependent on valuer's comments whether the property was…
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Remortge Due In sept 2014
Hi My fixed rate comes to an end in sept 2014 and wish to find out how to go about to get a better deal and cheaper repayment with out the arrangement fee and broker fees at present with woolwich and pay 311.00 a month outstanding is £51k
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Mortgages Way Forward
Hi new to the forum, My dad is currently living in a care home and we are rapidly approaching the point where we will need to sell his house to buy an annuity to fund his care. The annuity is about 120k and the house is worth about 400k, with myself and another relative due to inherit equals shares. Current plan is to sell…
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Remortgaging query
Hi, Quick question - when it comes to a remortgaging application, when you submit a full offer you state how much the existing mortgage is (ie current balance including ERC). By the time the remortgage comes to complete, the balance of the existing mortgage is going to be lower due to repayments etc. What happens with the…
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New valuation for re mortgage?
Hi all, We've just finished our five year fixed term deal with rbs on a 85% mortgage. We've done a few bits of work and this morning had it valued by local agent. They valued it at a good bit more but now we've got to decide if we want to pay £250 to rbs for their valuer. Does anyone have experience of this, what happens…
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Giving survey/ info to a mortgage company?
We have already had our mortgage offer through fine with a basic valuation which didn't pick anything up. We have since had a private building survey which has thrown up some issues that need further investigation by a structural engineer on the property we wish to buy. - ie overloaded roof possibly needing more bracing.…
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negotiated price reduction - next step?
How - or when does one go about informing your mortgage company that you have negotiated a reduction in the price of the house you are buying? Do you have to tell them why a reduced price has been agreed? Does this usually affect the loan amount? Or do you have more cash in the pocket to sort out the repairs/ refurbs? Any…
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Short gap between selling and buying, what happens to the capital?
Hi, we're about to sell our first house, with a gap of about a month between completing on our old one and (hopefully) moving into the new one, in which we intend to find somewhere to rent short term. During that month, can anyone advise what does/what should happen to the capital? If I just get a cheque and pay it into my…
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woolwich DIP decline??
Went to see my broker yesterday to get a DIP for a property i'm interested in. When i saw him a month or so ago he was confident that I should be able to achieve what i want with no issues due to my low outgoings per month. He went onto the intermediary affordability calculator and it came back as "affordable". Went…
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App time frames
Anyone know which of the big lenders allow apps to facilitate an offer that can be locked in 5-6 months ahead of remortgage date? I know Woolwich allow 6 months but not sure of the rest. Going to lock in a mortgage before my wife heads on maternity leave hopefully. (Don't worry we've built a big savings pot to cover us for…
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Wait and see strategy before getting on the property ladder?
House prices seem to have been rising at a fast rate for some months now and this has caused some alarm with it now looking like it's going into a slowdown. I'm currently renting a flat in Manchester and would like to get a mortgage after this as a first time buyer. The question is should I wait it out in case there is a…
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Santander Mortgage Rates for University Staff
Hi there, does anybody know what mortgage deals/rates Santander offer University staff? I've spoken to the branch manager who insists I 'come in for a chat'. I just want to know if I am wasting my time or not! Thanks, Dave
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Is this normal for a broker???
Hi all, ive been lurking about for some time now, and with information from the forum decided to use a whole of market broker. My broker called me today and told me he managed to get me a good deal... No valuation fee, no lender fee and a 3.86 intrest rate...which is great...but when i asked who the lender was...he said, i…
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Deposit required on new build
Hi, We paid £2000 to a builder to secure a reservation on a new build home and have now accepted an offer for our current house, with a sell date of 2 months from now. The builder already has the house partially built and is happy to progress to meet our schedule but wants to get contracts signed as quickly as possible.…
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SVR for Natwest and Santander over past 3 years
Hi Im looking for a website that shows the SVR for Natwest and Santander for each month over the past 3 years. I'm looking to take out a new mortgage with a fixed rate for the next 3 years but want to see which of the two mortgage options could be best once the fixed rate ends. I though looking at historical SVR could be a…
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Do I sell my home to pay off some debt?
Hi, It's the first time I've created a thread so thanks for taking the time to read it :j I'm in a dilemma.. Do I sell my house to pay off debt? Myself and my partner both work full time but we're struggling to make ends meat, At the moment i've not got enough money to pay my bills for the month nor do we have any money…
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Stamp Duty and Leaseholds
Hi, I'm looking to put an offer in on a property with a 69 year leasehold. The value without extending the lease is probably around £480k. Could anyone answer the following questions. 1. I have a mortgage in principle would that still stand if the lease was not extended before I bought the property? Would the bank refuse…
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How long does a mortgage application stay on your credit file? >>
If SO and I both apply for a mortgage together, and we don't get it, can he apply alone straight away? Or will there be a mark or something on his file?
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Income for Mortgages
Hi Can anyone please advise why mortgage lenders will not include Adoption Allowance together with my full salary? Fostering allowance is allowed but not AA so I'm confused as to why not. I currently have a mortgage and wanted to upsize but have been told by most lenders that they will not include this weekly payment.…
