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coming up to renewal of mortgage help don't know where to start!
We have a mortgage with santander when taken out it was 150000 at 4.99% coming up for renewal and I literally don't know where to start. Do we contact santander first to see what they can offer ? How does it work ?
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Taking out an unsecured loan to pay off a secured loan to improve LTV?
What do people think of this idea? I've been looking to re-mortgage to a cheaper deal for the past couple of years but there still isn't much equity in the house. The approx figures as they stand are: * 107k mortgage outstanding which is made up of 98k main loan (4.44% APR) and 9k unsecured loan (4.54% APR) * Value of…
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Whats the average time it takes to remortgage
Hi As part of my divorce consent order my ex had to remove me from the mortgage 'using his best endeavours' . Well 18 mths later still nothing. I took the case back to the Family Court in March, where he told the judge he had an offer from Halifax dated the 4th March and that if would take 8wks or so to complete. This…
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Santander mortgage processing time?
Hi all, Does anyone have any idea of the current processing time for applications for additional borrowings with Santander? I started the ball rolling in May, to date the application has made it to the underwriter, but its still pending underwriter decision. I'm applying directly with the bank as apposed to going trough a…
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How does using overdraft affect a mortgage application?
We use our overdraft frequently, it isn't always paid off in full either. Any idea how this will affect a mortgage application if we apply sooner rather than later? (We are working on reducing this with a view to getting rid altogether it just hasn't happened as quick as we would like)
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Repossession Debt
Hi, In August last year my apartment was repossessed by my lender as I hadn't managed to meet my monthly payments for several months. I had taken a wage cut and ended up in a real financial mess and ended up burying my head in the sand and ignoring all correspondence. I even threw away all my mail. I owed approx £160,000…
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Debts repay on or before completion?
I have just received my mortgage offer and I am confused about one part in particular. I am going to call up tomorrow and ask the lender but just so I can sleep easy tonight without stressing I hope someone could clear up this bit: "Debts you will repay on or before completion of this mortgage... This offer is issued on…
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Standard Mortgage Deed
I'm currently in the process of buying a newbuild property off plan and have been offered a mortgage, but the mortgage offer runs out in September, whereas the property will not be built until December. We are looking to exchange contracts soon. I'm not sure whether we need to sign the Standard Mortgage Deed or not - we…
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Mortgage in principle disappointment
I put my house on the market in March and saw the financial advisor attached to the agent. She found me a mortgage in principle with Halifax, happy days or so I thought. This week found the perfect house, sold ours, put an offer in, applied for the mortgage.......crash bang wallop they will no longer lend me the amount…
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SVR or fix?
I live in a house EA valued at 115k. Bank valuation 108k. Our current LTV is bordering 85-90%. We want to sell the property and will look to put down a 10% deposit on a new property. The house has been on the market since March. Realistically to sell we will probably need to reduce the price but that isn't an option just…
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Mortgage guarantee insurance
When we took out our 1st mortgage in 1990 we had to pay a mortgage guarantee insurance, it wasn't optional, organised by lender from their chosen insurer. Was this mis-sold no benefit to us and not sure if the rate was competitive only choice was take it or mortgage will be declined.
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Mortgage with a non EU-Spouse
Hi Folks, Looking for some advice. I'm British, but my wife of 1 year is a US citizen. We really want to buy our first home, and have a small deposit. However, after some research, it seems that this will be very difficult until my wife has permanent residency. Since they tightened up the immigration rules, this is going…
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Santander £250 cash back
We completed our Santander mortgage last Monday. It was meant to come with £250 cash back - does any one have any experience of when you are meant to receive this? Thanks!
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Buy to let advice
Hello, I'm hoping that somebody can offer some advice regarding buy to let mortgages. To give you a little background: I bought my own property just over a year ago, but have recently decided to move in with my partner who also owns her own place. I contacted my lender about this and was advised that I could apply for…
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mortgage discrepancy on interest
Hi i am currently in a fixed rate mortgage deal which is due to end in a couple of months, however i have noticed that my mortgage has not went down as quick as expected. went to bank asked for a full print out and seen that the amount of interest they are taking off every month varies from as much as £10-£60 in…
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Mortgage issue - please help !
I have a fixed rate that ends in the next couple of months. I have been contacted with a proposed new fixed rate that I can reserve that will commence immediately after my current one expires (i.e. in a couple of months time) However, in September I need to move away for two to three years and would need ' Consent to Let'…
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Not really to sure what to do.
Ok, my partner is moving out of her parents house and will be renting some where soon with her son. As she is a single parent the housing association etc will pay most or all of her rent. So i thought i could buy some where that she could then rent of off me, understanding that i will only be able to stay there for no more…
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Parents Property
Evening, I apologies if this has been covered else where, I did search for it. I'll set the scene first, and hopefully someone can advise me. Thanks in advance. I'm looking to purchase my parents house. The purchase is to free up money for them to refurbish my gran parents house (both past away), for my parents to move…
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Virgin Mortgage
Hi My wife is purchasing a house and we had a DIP with Halifax through a broker. The Valuer has said it is not worth 135k and they believe it is worth 125k. The builder is not willing to drop the price. My wife(I do too) really likes the house and area and wants to buy it still so our broker is asking virgin, we apparently…
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Help to buy and equity share in another house
Help. I have just bought my first house using help to buy with my partner. Everything is going swimmingly for us, we have lots of money left after all the bills and we are very risk averse in terms of saving for a rainy day and future problems. Here's the problem...my father's house has been repossessed because he's in…
